Why Franchise

You don’t need a university or college degree to succeed, the success of both the franchisee and franchisor is truly dependent on the success of each other. The symbiotic relationship thrives on the willingness to prepare for success. Through consistent training, to strive, improve and to increase the system’s value, each must be willing to invest in the other. 

Franchising is the profitable muscle machine that breaks through challenge and persistently produces success and, consistently achieves record growth across the nation and around the world. The Franchise industry in Canada alone grosses $100 billion in annual sales. Franchising represents 42 % of North America's total retail sales and service dollars. It’s an employment vehicle that produces wealth and financial independence even in financial recessions. 

From corporate boardrooms to venture capitalists, they can’t get sufficient positions in this imposing force.  While the North American economy is expected to continue to struggle in 2009, franchise business leaders remain cautiously optimistic about the prospects for their own business with both challenges and opportunities in the year ahead.

Many have noted the franchise industry has emerged from previous recessions even stronger. As credit markets stabilize, they see many opportunities for growth. Some franchise systems may see opportunity for growth and expansion, especially if they offer the right products and services. A Franchise ownership is an opportunity for executives considering a career chance, seeking independence and security. Middle to upper-level executives who want to keep their day jobs and start a business are drawn to franchise partnerships.

Self-employment has become this year's hottest labour-force trend: The number of self-employed Canadians has climbed 1.5 per cent since October, while private-sector employment has buckled 3.3 per cent, Statistics Canada says. Yet many new ventures end in failure. Before starting your own business consider franchising. Success rates for franchises are greater than 90 percent, making this the lowest failure rate of any type of business. Commerce study found that 86 percent of franchises were still under the same ownership while 97 percent of them were still in businesses after five years. A seven-year research study found that 91 percent of franchised businesses were still operating compared to a mere 20 percent of individual start-ups.

A Taste Above takes the mystery and the risk, out of starting your own business. A Taste Above work to own programs: which are popular options for employees of franchisees choosing to further their careers by becoming franchisees themselves. In addition, A Taste Above also offers a Silent Partner plan which has all the advantages of ownership without giving up your present profession. That's organic growth that builds on family tree in the industry.