Canadian Franchise Opportunities

Canadian franchise opportunities are just as lucrative an investment as are opportunities in the United States; they are both an avenue of investing for those that want to own their own businesses but do not want to "start it alone." Advantages to investing in these companies are the documented low failure rates. Investors are buying into established concepts that have already been successful and provide an excellent strategy for beginning a business. Independent businesses have a 70%-80% failure rate. A Canadian franchise opportunity has only a 20% failure rate, an opportunity that allows for help with the start up process and beyond.

These businesses are turnkey companies. They have an established corporate headquarter office, which helps to create and maintain a successful business enterprise. When investing in a Canadian franchise opportunity, equipment, supplies, instruction, and training are included. Since advertising typically brings in 40% of new business revenue, the new investor will also receive help with management and marketing. Each new business person reaps the benefit of the parent company's national marketing campaigns, good reputation, and household name.

In addition to beneficial national advertising campaigns, these businesses offer the owner buying power. This means that the investor can get inventory and supply discounts because all other related owners using these same products or services create a bulk account. Bulk accounts offer tremendous discounts that otherwise would not be able to be given to one independent business. Canadian franchise opportunities offer franchise owners name recognition from the start, decreasing initial business start up advertising expenses. A business that has opened in an area where that product or service could not be found can become immediately profitable.

Disadvantages of pursuing these opportunities include the strict rules and regulations associated with the parent company. When looking at a Canadian franchise opportunity, it is important to note the specific restrictions placed on the owners. It's the parent company's way of making sure that owners handle the products carefully and maintain company ethics. When an agreement contract is signed, the investor agrees to operate the business according to parent company's standards and must adhere to that contract as long as he plans to stay in business. One disadvantage is the never ending royalty fees that must be paid with Canadian franchise opportunities. These fees are usually a set percentage of revenue that the business brings in, and are paid on a monthly or yearly basis. These opportunities are abundant, but must be carefully reviewed before an investment is made. As believers, we can't charge into a new venture without first finding out if our plans are God's will. Proverbs 4:7 says, "Wisdom is the principal thing: therefore get wisdom: and with all they getting get understanding." Since God is the Source of all wisdom, we must communicate with Him through prayer and reading His Word to determine if our actions comply with His will.

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