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Start by thinking about an area where you have an interest. I’m sure that here in Canada we’ve all thought about starting a Tim Horton’s franchise, especially with the recent public offering for shares. We all see the dollar signs, but would that be right for all of us? Probably not. To be successful in any business, we have to have an interest in it and an understanding of what makes it work. In other words, if you have experience in construction or a degree in engineering, the food industry may not be the one for you. Pick a franchise where you have some knowledge of the industry. Business - All business/finance/loan/mortgage related link can be found here Computers - All computer hardware/software/peripheral related link can be found here Internet - All webhosting/webdesign/internet marketing related link can be found here Software - All software related link can be found here Web Design - All web design/development related link can be found here Web Hosting - All web hosting related link can be found here Web Promotion - All search engine optimization/internet marketing related link can be found here Web Resources - All other web related link can be found here Recreation - All travel/hotel/cruise related link can be found here Casino - All online gambling/poker/blackjack/roulette related link can be found here Health - All online pharmacy/hospital/health related link can be found here Shopping - All online shopping/gift related link can be found here Miscellaneous - All other links can be found here
Once you have narrowed your search results, visit the sites and take a look at what they are offering, including the up-front cost and any ongoing costs. Also consider the number of staff you will need and competitive locations where you are. Tim Horton’s franchises have exploded across Canada and in some cities there are many as one for every 5000 people. This ratio works for them since their market is huge. But if you are starting a deck building business you would probably want an exclusive or semi-exclusive arrangement. |
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