You see, thing that had always bothered me was the burdensome regulations in the franchising sector. They were unwarranted, & from an entrepreneur's standpoint outrageously unacceptable. It seems absolutely insane to have such burdensome regulations & the requirement of over 300 pages of disclosure documents before you sold a franchise to a used franchisee when in fact there is tiny fraud in franchising. After all, why would a franchisor require to induce a buyer to buy their franchise to make money in the near term, when they'd must do business with that individual for that period in term of that franchise?
As a former franchisor I can tell you this; I like franchising, & I like everything about it. I do think with all my heart that it is the greatest business model ever created in the history of mankind. & I can show you examples of this near & far, as proof. Not to mention the fact that I enjoyed my time franchising my company around the country & in to international markets. Now then, can franchising continue to be the greatest business format in human history? I think so, with a caveat, & in the event you have a few moments I'd like to report this to you.
It seems to me that regulators don't understand this principle, that is to say that franchising is a win-win situation. Those franchisors who use fraudulent sales tactics don't last for a long, & they are usually sued in to oblivion, they not very require the hard-core overregulation that exists in the industry today. Now then, it would be different with business opportunities where a business model & format is sold to an individual, & one time the business opportunity company has sold the business, they walk away seldom to speak to the individual again.
In that case they would have an incentive to overhype their business model, & possibly that is why there is more fraud in the business opportunity sector than in the franchise opportunity sector. thing that equally bothers me now in 2011, a decade after I had franchised my company is that on hand they claim they wish jobs for Americans, but they make it impossible for companies to grow giant & strong & franchise their operations. A used franchised outlet could hire as plenty of as ten to twenty people.
Therefore, the more franchises which are established, sold, & began the more people will have jobs in our workforce. & yet, they go right along over regulating the sector & losing out on all those future jobs. It makes absolutely no sense to me, & I have study this industry for about 35 years now. Indeed I hope you will think about all this & think on it.
As a former franchisor I can tell you this; I like franchising, & I like everything about it. I do think with all my heart that it is the greatest business model ever created in the history of mankind. & I can show you examples of this near & far, as proof. Not to mention the fact that I enjoyed my time franchising my company around the country & in to international markets. Now then, can franchising continue to be the greatest business format in human history? I think so, with a caveat, & in the event you have a few moments I'd like to report this to you.
It seems to me that regulators don't understand this principle, that is to say that franchising is a win-win situation. Those franchisors who use fraudulent sales tactics don't last for a long, & they are usually sued in to oblivion, they not very require the hard-core overregulation that exists in the industry today. Now then, it would be different with business opportunities where a business model & format is sold to an individual, & one time the business opportunity company has sold the business, they walk away seldom to speak to the individual again.
In that case they would have an incentive to overhype their business model, & possibly that is why there is more fraud in the business opportunity sector than in the franchise opportunity sector. thing that equally bothers me now in 2011, a decade after I had franchised my company is that on hand they claim they wish jobs for Americans, but they make it impossible for companies to grow giant & strong & franchise their operations. A used franchised outlet could hire as plenty of as ten to twenty people.
Therefore, the more franchises which are established, sold, & began the more people will have jobs in our workforce. & yet, they go right along over regulating the sector & losing out on all those future jobs. It makes absolutely no sense to me, & I have study this industry for about 35 years now. Indeed I hope you will think about all this & think on it.
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