Franchising is like getting a jumpstart into entrepreneurship. Food, fitness, pets and countless other retail and service industries offer franchise opportunities for those who wish to be business owners but want the support and name recognition of an already established company. Thousands of companies are franchised in Alberta and across Canada, and there are many options that go beyond the fast food model.
If you are thinking about starting or expanding your own business by buying into a franchise, you should know that you will experience both advantages and disadvantages. It may be helpful to obtain solid financial and legal advice from skilled professionals before you sink your money into this type of venture.