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Franchising

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Having trouble deciding between purchasing a franchise, existing business or starting your own? Canadaone.com provides us with several advantages and disadvantages of purchasing either a franchise or an independent business.
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You want to be your own boss and are opting to buy a franchise? If so, you most likely already know the advantages of buying a franchise over starting a business from scratch. The advantages of buying a franchise can include getting help with business start-up, getting solid business advice and training, and benefiting from brand recognition.

So you want to start a business? There are three options to consider. You can start your own business from scratch, buy an existing business or leverage the knowledge of others and license a franchise. There are many reasons to consider the franchise option, but the most important reason is that franchises have a high likelihood of success. To help people who are looking at starting a business better understand the ins and outs of franchising, we are creating this free guide. To get started, consider how franchises differ from other forms of business. By Julie King - CanadaOne
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Whether you are just thinking about operating a franchise business or have been an established franchisee for years, you need to know about Ontario's franchise legislation, the Arthur Wishart Act (Franchise Disclosure). This legislation has been designed to help you make a more informed decision when you invest. Once you own a franchise, this law encourages fair dealing and provides you with the right to associate with, or create an association with, other franchisees so you can share information about your business experiences.

A franchise is a significant investment, so it is important to understand the legal framework in Canada before you invest. It's equally important for franchisors -- which includes companies that allow others to distribute products or services under their brand and might be inadvertent franchisors -- to be aware of any legal obligations they may have under provincial franchise law.
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The Canadian Franchise Association is a national trade association of franchisers including Canada’s leading franchise systems, all committed to achieving excellence in franchising.
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Many factors are put into the decision making process when you are deciding whether or not you want to start a franchise. Advantages and disadvantages of purchasing a franchise in Canada can be found here.
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The Royal Bank of Canada offers information on five topics that you should examine before purchasing into a franchise.
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