Northwest Territories Feature Articles

Looking for a franchise opportunity in Northwest Territories? Whether you're a first-time business owner or a seasoned entrepreneur, Northwest Territories offers exciting potential for franchise success. From food and beverage to retail and services, the diverse economic landscape in Northwest Territories is ripe for franchise opportunities. Explore the best franchise options today and take the next step toward business ownership in Northwest Territories.

Informative articles to support business buyers, franchisees, and franchisors in Northwest Territories.

Mapping Software in Site Selection

Franchising could be described as the process of taking one success story and translating and multiplying it into many. Whether through genius or pure luck (usually a combination of both) someone created something that worked once. Naturally, the entrepreneurial thought is; if it worked once it can work again, and again, and again. There begins the seed of the franchising journey that can ultimately lead to great success or unfortunately sometimes great failure. The path to either ending is sometimes determined by the first step taken.

Jeffrey Davis
11,459 Reads 307 Shares

The Woman's Touch

In 1963, women's advocate Betty Friedan wrote in her book, The Feminine Mystique, that women were preparing to break new barriers. Friedan lived to see her prophecies come true before her death earlier this year. And nowhere are the broken barriers more apparent than in multi-unit franchising.

Linda C. Ray
4,297 Reads 1 Shares

All Customers Are Not Created Equal: It's Time To Start Treating Them Differently

So many companies today train their employees to "duplicate" the customer experience, to treat every person who walks through the door exactly the same way. I have seen too many companies fail using this strategy. Forget about what is easier to train your employees to do: not every customer wants the same experience.

Thom Winninger
4,245 Reads 12 Shares

You Are What You Do: The New Regulatory Threat to Franchising

State regulators across the country are out to blur the distinction between franchisors and employers. If they succeed, they could crimp the growth of one of the franchise industry's hottest segments: franchise providers of janitorial, security guard, industrial gardening, delivery, and other services to commercial clients.

Barry Kurtz and Richard Rosenberg
5,640 Reads 1 Shares

You Are What You Do: The New Regulatory Threat to Franchising

Franchise Update
7,676 Reads 1 Shares

The New Regulatory Threat to Franchising

Barry Kurtz and Richard Rosenberg
3,307 Reads

Instant Success?: It Often Follows A Long And Winding Road

Outsiders think that franchising is a quick and easy way to get big bucks--there's even a new book out that promises "instant success" in franchising. You know that's not true. It doesn't matter where you get in, there's a ton of work, and some fair amount of suffering as a franchisor or franchisee gets up to speed.

Ripley Hotch
3,039 Reads 2 Shares

The Evolution of Franchising

For many years--like the ancient bones of "Lucy" discovered by Donald Johanson in 1974 and long thought to be mankind's first ancestor--Albert Singer, who founded the Singer Sewing Machine Company in 1851, has been credited with being the first franchisor in the United States. The designation was likely given because his was the most recognized name of the early pioneers that people still remembered.

Michael Seid
28,992 Reads 26 Shares

Where's the Money?: It's There For The Savvy

What's the outlook for franchise finance in 2006? [i]Area Developer[/i] asked several industry veterans for their take on who's financing area developers and multi-unit operators today.

Eddy Goldberg
3,943 Reads 7 Shares

Heath Conscious Era Fuels Smoothie & Juice Franchise Industry

Smoothie and juice franchises are healthy and hot. "Juice and smoothies, including juice and smoothie bars, frozen dessert stores, and the mix segment, are forecasted to be approximately $2 billion in retail sales for 2006," says Dan Titus, president of Juice Gallery Multimedia, a consulting and publishing company concentrating on the needs of juice bars and restaurant start-ups.

2,504 Reads 30 Shares

99 BIG Franchisees: Tom Hofer

Tom Hofer has always been tuned into his own drive and sense of where he belonged. "I did real well in a retail environment after college, but I always knew it wasn't me," Hofer says. "I definitely knew I wanted to own my own business, but wasn't sure what to do. So when the opportunity came up for me to buy a territory with Spring Green, it felt right."

Linda Ray
3,737 Reads 9 Shares

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Brian Scudamore's simple idea had its own nobility

As a college dropout with a highly successful father (a transplant surgeon), Brian Scudamore had a mission. He had started 1-800-Got-Junk? as a way to pay for college and now was determined to put his business to the test. But let's not get too far ahead of ourselves.

Ripley Hotch
6,035 Reads 136 Shares

IFA Honors Nikki Sells Of Express Personnel Services

Nikki Sells has just been recognized as the 2005 recipient of the IFA's distinguished Bonnie Levine Award. The annual award honors individuals who further the cause of women in franchising. Sells, who is vice president of franchising for Express Personnel Services, in Oklahoma City, was presented the award during the recent IFA 45th annual franchise convention. "It's all about the journey," said Sells, a former school teacher, who has been vice president of franchising since January 2004 after being a longtime franchisee in the Express system. "To me, there's no such thing as a destination and this is where my journey has fortunately taken me. I've had a lot of wonderful opportunities and mentors along the way."

2,886 Reads 3 Shares

Using Master Franchisees for Growth

Ron Berger knows the advantage of buying an existing franchise concept and improving on it. That is what he has done with Figaro's Pizza, a Salem, Oregon-based chain that is growing at a rapid pace.

Joan Szabo
4,180 Reads 7 Shares

Two Multi-Unit Owners Branch Out

Brad Bruckman owned 15 Krispy Kreme franchises in the Northern California/Sacramento area when he felt a desire to reexamine his career direction. "I didn't necessarily foresee any of the problems that were soon to begin affecting that franchise, but I did begin to wonder about other opportunities, and, ultimately, I feel like I got out at just the right time," says the 42-year-old entrepreneur.

Kerry Pipes
3,798 Reads 3 Shares

Exit Strategies for Multi-Unit Operators

For multi-unit owners, planning an exit strategy is something to consider long before investing in that first unit or concept. What are your long-term goals? Would you like to sell in five years? Ten? Pass the business to a family member? Make a clean break, or keep your hand in? Is trading your cash flow for a lump sum the best way to go? What about seller's remorse?

Eddy Goldberg
5,147 Reads 11 Shares

Dennis Waldron Takes Ruby's to the Northwest

Seattle's Dennis Waldron is still in the early stages, but he's by no means an amateur. For 10 years he was president of Cinnabon, where he introduced franchises and grew the chain to 400 units. After Cinnabon was sold, "I looked at a number of opportunities and finally settled on being a franchisee," he says. More than that, Waldron set out to be a multi-unit franchisee.

5,832 Reads 206 Shares

How to Build a Strong Franchise Network

Whether it's in marriage or in business, the key to a successful relationship is mutual trust. Nowhere is that truer than in the relationship between franchisor and franchisee. Franchisees have trusted franchisors with their life's savings while we have trusted them with our brand name and reputation. Therefore, a strong franchise network, like a strong marriage, is a bond of trust.

Susan Last
11,658 Reads 6 Shares

Exit Strategies: Timing is Everything.

"We were coming off really strong sales increases. We had just remodeled all the restaurants, our cash flow had increased significantly over the past two or three years, and we had some very good growth opportunities. It was a perfect time to sell."

Eddy Goldberg
6,563 Reads 1 Shares

Mutual Development

Localized support, faster response time, creating new brand awareness, and cracking tough markets are some of the reasons franchise organizations turn to master franchisees to help expand their systems. Sometimes called regional developers, area developers, master franchisees, area franchisees, their names can be as different as the many ways their fees and compensation are structured. What's not different is how these individuals can help quickly build brands, awareness, and stores in a given territory.

Kerry Pipes
3,008 Reads 1 Shares

How Area Developers And Franchisors Work Hand In Hand To Grow The Organization

Localized support, faster response time, creating new brand awareness, and cracking tough markets are some of the reasons franchise organizations turn to area developers to help expand their systems. Sometimes called regional developers, area developers, master franchisees, area franchisees, their names can be as different as the many ways their fees and compensation are structured. What's not different is how these individuals can help quickly build brands, awareness, and stores in a given territory.

Kerry Pipes
3,272 Reads 9 Shares

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Franchisees Expanding Out of State

From handwritten business logs to detailed software programs, the way in which businesses run has changed significantly over the last fifty years. Perhaps one of the most significant changes in the last 10 years has been the shift to multi-state business ownership.

Rob Sanders
5,191 Reads

Franchisors, Developers Pursue the Perfect Match

When it comes to evaluating a potential area developer, don't marry for money, say franchisors. With money as a given, look for that indefinable "fit" and you're golden for the long haul.

Eddy Goldberg
5,113 Reads 187 Shares

The Advantages Mean Franchisees Don't Want to Stop with Just One

Multi-unit, multi-brand, co-branding, area development--you've seen these defined, and they are distinct entities. Most multi-unit franchisees start with a few, and quickly grow one brand, then add another, and often enter into an area franchise agreement.