Education

When researching business opportunities, a question that often comes up is: “why a franchise?”

As in, why not just start up something on your own? Sure - that is an option. Think of it as the difference between baking from scratch without a recipe vs using a mix that is known to get results. Starting from scratch takes more time. more work, more mess, and there are more chances of things going wrong. Using a mix is much quicker, with more consistent results.  It’s the same thing with investing in a franchise - less mess and more consistent results.

How do you feel when it’s that time of year again? No, not the holidays…the annual conference. Most franchise systems and industries have annual conventions. If you are reluctant to travel and leave your daily routine to go to yours, here are 5 reasons to go to annual conferences:

1. Be with peers. Your daily routine might be all about clients, employees, and vendors. An annual conference is an opportunity to be with your peers. You can share, vent, and ask questions in a safe environment - not something you can do in a mixed group that includes your competitors.

I recently made the drive to Niagara Falls for the Canadian Franchise Association National Convention. Here is my math on the event: 14 hours of driving, 3 nights away from my home in Ottawa, 2 days away from my office, $2000 or so on registration, hotel, and food.

When I started Concierge Home Services back in 2001 I made mistakes. It is a right of passage for any new business starting off from scratch. One of the many benefits of joining a franchise system is that you fly over those pitfalls and land on the solid ground of experience. As a franchisee, you have a system to follow, but you are in control of your business, and mistakes can still be made. Here are the top 3 mistakes in a franchised business that you can avoid.

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