Hansra Law - Business & Technology Law Firm

I heard what I think is one of the greatest quotes ever recently: “December is like the weekend of the year… You wake up hungover, full of cheese, 10 lbs heavier and wondering what the hell happened from January to November” (I’m paraphrasing but thanks, Adam Williams). So… how was your year? • Did you get accomplished what you wanted to accomplish? • Did you reach your goals in your business? • Did you grow your revenue like you planned you would? • Or… did it all coming falling apart like big stack of Jenga tiles? If you didn’t hit your goals, I probably got a good idea as to why. Dive into our latest Business Tip to uncover why business planning is your secret weapon for goal-crushing success! 📈✨ 🚀 #BusinessSuccess #GoalCrusher #StrategicPlanning #Entrepreneurship #BusinessPlanning

Starting and running a successful business can be challenging. Between developing a viable business plan, designing a product or service, and building your brand, the going can get tough. Buying into an established franchise can help shorten that process by providing with an already established business, with a proven business model, and backed by a strong brand that works. #FranchiseSuccess #BusinessPlanning #GrowWithGuidance #StrategicSuccess #EntrepreneurialJourney #BusinessGrowthTips #FranchiseFreedom #OperationalExcellence #BusinessSkills #ContinuousImprovement

Crafting an effective tax strategy may not be the flashiest part of managing a business, but it's undeniably one of the most critical. So, when should you start planning your business tax strategy? Well, the simple answer is: yesterday! Most business owners think they need to be of a certain size to start planning for taxed and executing on complex and strategic tax planning. #Governance #Banking&ampFinance #startup #Advisory #Transactional

Crafting an effective tax strategy may not be the flashiest part of managing a business, but it's undeniably one of the most critical. So, when should you start planning your business tax strategy? Most business owners think they need to be of a certain size to start planning for taxes and executing on complex and strategic tax strategies. The simple answer is: yesterday! Want to learn more about tax planning in your business?

Looking for lucrative business ideas? Could a franchise be your perfect solution? If you’re considering starting a business but are unsure about viable business ideas, buying into a franchise could be your answer. A franchise provides a market-tested business model and a product that people already love. For the price of a negotiated royalty, you can buy into a thriving brand that not only gives you a platform to quickly grow a business but also provides the support you need to succeed. However, while there are obvious benefits to leveraging a franchise model, it’s important to approach the process with due diligence and a well-thought-out plan. Just as buying into a great franchise can help you launch a growth-ready business, signing up for the wrong franchise can produce a world of pain and financial ruin. To help you navigate the franchise purchase process, this article explains the key steps involved and important matters to consider when purchasing a franchise. We’ll provide a comprehensive overview of the process of buying a franchise, including how to find, assess, and secure funding for the right franchise.

Since originally writing this blog post, we've helped countless individuals and business owners located all across the world with strategizing the best ways to open a new company in Canada. From setting up a company in Ontario to ensuring you've got the most tax efficient setup possible - there's a ton of great strategies that we can help implement if you're located internationally and want to open a company in Ontario. If you want to learn more, you can contact us by visiting our website or calling us at (416) 580-0345.

A franchise is a business model where the franchisor (the owner of the business) grants the franchisee (the individual who buys a franchise location) the right to operate a business using the franchisor's trademark, products/services, and operational systems... or in other words, a franchise is a business in a box! #Buy/SellBusiness #Franchising

If you're looking to expand your business and give yourself a bigger market to work with, franchising may be the way to go. Franchising is when you license your business model and trademarks to another party in exchange for a fee. In this Legal Guide, we'll discuss the basics of franchising a business in Ontario. We'll cover topics such as what franchising is, the benefits of franchising, and the process of franchising. If you're thinking of franchising your business, or are just curious about what it entails, then this blog post is for you! Franchising a business can be a great way to expand your company's reach. It allows you to tap into new markets and grow your brand awareness. franchising can also be a less expensive way to expand than opening up new locations yourself. When you franchise, you are essentially partnering with another party who agrees to operate under your name and brand. This can be a great way to get your foot in the door of a new market without having to invest a lot of time and money into doing so.

Are you struggling with high turnover in your business? It's a problem that impacts a lot of business... and it's a costly problem at that as well! According to some studies, the cost of replacing an individual employee can range from half to twice the employee’s annual salary. For C-level positions, the cost can go up to 213% of their yearly salary.   So how do you reduce the chances of employee turnover in your business?

While franchises are typically great businesses to invest in, you need to be careful of these five franchise killers that could be lurking in your franchise agreement. A franchise presents a fantastic opportunity to own a successful business by piggybacking on a recognized brand name with a proven operating system. #Franchising