Investing in a franchise does reduce entrepreneurial risk but it does not guarantee success - Toronto - Canada's Entrepreneur episode artwork

EPISODE · Aug 18, 2025 · 35 MIN

Investing in a franchise does reduce entrepreneurial risk but it does not guarantee success - Toronto - Canada's Entrepreneur

from Canada’s Entrepreneur · host Canada’s Entrepreneur

Stephan and Kimberley Lafreniere are growth-oriented and insight driven senior executive with a track record of success in developing and implementing strategies and tactics to drive profits in the retail sectors. Stephan has held progressively senior roles within the planning, merchandising, and branding disciplines at iconic Canadian retailers including Canadian Tire Corporation, Hudson’s Bay Company, Loblaw Companies Ltd., and Sears Canada Inc. Kimberley has an equally impressive retail career after working for iconic brands like Sears, HBC, and Sobeys, loving what I do every day. Building that new program and watching the guests fall in love with it is a thrill. In 2021 Stephan and Kimberley invested in a Schooley Mitchell franchise. Schooley Mitchell is the largest independent cost reduction consulting firm in North America, with offices from coast-to-coast in the United States and Canada. On average, they reduce essential business service expenses by 28% and have delivered over $540 million in documented savings to our clients to date. Stephan and Kim are passionate about saving money for their clients and helping them grow their business. Schooley Mitchell delivers expertise to companies of all sizes from all industries, offering a broad range of services aimed at reducing costs and All Schooley Mitchell fees are self-funded from the savings generated. If savings aren’t found, our clients don’t pay – a truly risk-free and mutually beneficial model. Stay Connected with #CanadasEntrepreneur! Join our growing community of entrepreneurs across Canada! Don't miss out on inspiring interviews, expert insights, and the latest business trends from the people shaping the future of our economy. 👉 Subscribe to our YouTube channel for full episodes: https://www.youtube.com/@CanadasEntrepreneur 🌐 Explore more on our website: https://canadasentrepreneur.com 💼 Connect with us on LinkedIn: https://www.linkedin.com/company/canadas-entrepreneur 📸 Follow behind-the-scenes on Instagram: https://www.instagram.com/canadasentrepreneur 👍 Stay in the loop on Facebook: https://www.facebook.com/canadasentrepreneur 🐦 Join the conversation on X: https://x.com/CanadasPreneur 💡 Want exclusive updates on the latest #entrepreneur podcasts and news? Make sure to subscribe and never miss a beat! Your support helps us continue bringing you the best stories from Canada’s top business leaders.

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Investing in a franchise does reduce entrepreneurial risk but it does not guarantee success - Toronto - Canada's Entrepreneur

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