Over the past five years, Magda Debney has felt pretty confident running the day-to-day operations of her Toronto-based company, a franchised outlet of Grade Learning.
But when she felt she lacked some broader strategic skills necessary to help her company grow, she turned for help to someone who knows her business well: a fellow franchisee.
Ms. Debney is part of a growing trend that is seeing more and more franchisees lean on each other for support.
No wonder. Unlike standalone businesses, franchising comes with a unique support system: like-minded business operators who sell the same products or services to the same kinds of customers and, typically, face the same kinds of issues and concerns. Read on.