Business Planning

Owning Your Own Business: New, Existing and Franchise Opportunities

There are three common ways to get into business. You may wish to start the business as new enterprise, you could buy an existing business, or you may decide to purchase a franchise. Regardless of which type of ownership you are thinking about, there are some basic questions you should ask yourself to assess whether you are ready.


Information on Buying a Franchise

A franchise is a contractual agreement between an individual or company, the franchiser, to another individual or company, the franchisee. This agreement is the right to sell, in a specified manner and within a specified territory, the goods or services developed by the franchiser. For more information on franchises, you may wish to call the Canadian Franchise Association at (905) 625-2896 or 1-800-665-4232.