Canadian Business Opportunities NEWS OF THE WEEK :
 | May 1 2012
May 1, 2012 (Toronto) – With Mother’s Day just around the corner, families are in search of the perfect meal to mark the occasion. In anticipation of the special day, Pizza Pizza franchise introduces the Mother’s Day Delight Pizza. ... |
 | April 30 2012
The vending sector in everyday life!
The International Vending Show
Vending PARIS has established itself as one of the leading international trade shows to understand and evaluate the latest market trends on the vending ma... |
 | April 27 2012
Business Financing with 7 Park Avenue Financial
' Our competitive edge in Canadian Business Financing is experience '
You Are Looking For Canadian Business Financing !
You've arrived at the right address ! Welcome to 7 Park Av... |
 | April 27 2012
Avellino’s was established in 2004 in Calgary, Alberta Canada and reached an exciting milestone of franchising in August 2011. Avellino’s is one of the few franchises in Canada that offers a healthy salad bar with over 35 fresh toppings... |
 | April 25 2012
TORONTO, ONTARIO--(Marketwire - April 25, 2012) - Empire Life Investments Inc. announces a new family of mutual funds. The offering consists of five Canadian funds, including a Monthly Income Fund, and five Emblem Portfolios™, a dive... |
 | April 25 2012
(NC)—If you're the owner of a small or medium-sized business, you'll be interested to know that you're not so small after all. Small to medium-sized enterprises (SMEs) make up more than 95 per cent of Canada's total commerce—a powe... |
 | April 24 2012
Richmond Hill, Ontario – April 24th – As a part of a Canada wide expansion program to the Home Medical Sector within the Home Healthcare Industry.
Jim Karagiannis, President of Premier Mobility Franchise Group Inc. says, “We are proud t... |
 | April 23 2012
Please take note that Destination Travel opens its doors today May 9th 2011
Owner: Reena Dhillon
Address: 545 Steeles avenue West, unit 9, Bampton (Ontario) L6Y 4E7
Phone: 905-450-5558
... |
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5 Tips for Investigating a New Business Opportunity
The success rate of a typical franchise business opportunity is much higher than the success rate of most start-ups. However, you have to investigate the franchise business opportunity you're considering thoroughly to ensure that it is reputable, financially sound, and suitable for you. Here are 5 tips that will help you determine whether a franchise business opportunity is worth your time.
1. Learn as much as possible about the business opportunity and the company behind it.
Before you invest in a franchise business opportunity, learn as much as possible about it through online research. Visit various blogs and franchise information websites that compare and discuss several franchise opportunities. Furthermore, visit online forums where franchisees share their experiences.
In addition to researching the business opportunity itself, get to know the company behind it. Find out what the company's goals are, their experience level, and how many franchises they have. Moreover, determine whether the company is financially secure and if they offer sufficient support to franchisees.
2. Talk to franchisees.
Talk to franchisees, not the staff of company-owned outlets. Visit a few franchisees in your local area in person, so you can talk with them about their experiences and observe how the franchise operates.
Ask the franchisor to provide you with a list containing the contact information of at least 10 previous purchasers in your area. After speaking with several franchisees about the business opportunity, compare their statements with the information that the franchisor has given you regarding potential earnings, franchisee and franchisor responsibilities, start-up and maintenance costs, etc.
3. Compare different opportunities.
Investing in a business opportunity is no different from investing in any business venture. You have to shop around and compare different opportunities to ensure that the one you ultimately select is a good fit.
4. Seek professional advice and legal counsel.
Unless you're a seasoned businessperson, you're better off hiring a lawyer, accountant, and business advisor to help guide your decisions and go over the terms of the contract. Hire an attorney who specializes in franchise law so he or she will be better equipped to evaluate your franchise package. An accountant can determine the complete costs of purchasing and running the franchise in addition to assessing the profits you can potentially make. It's far better to spend the time and money necessary to help you make the right business decisions in the beginning rather than suffer a major loss down the line as a result of selecting the wrong business opportunity.
5. Examine the attitude that the franchisor has towards you.
When you talk with franchisors about their business opportunity, take the time to examine the attitude they have towards you. Do they seem eager to build a long-term relationship with you, or do they seem like they just want to collect the initial fee and run? Avoid working with a franchisor that seems rushed to get you to sign the contract, and take at least 10 days to review the contract and other required documents. Make sure that the contract's terms mirror what you were told in the initial sales pitch.