The FTC, Federal Trade Commission, is considering modifying the franchise rule. So far it has be a ten-year process; just imagine working that slow in your business? In 1995, 1997 and 1999 when the comments were first considered and taken in, which spans a ten-year period. When you combine those comments with this current rule making period they may have broken the record for the longest rule making session since voting on the slavery issue; one heck of a long rule making period by any means.
Many of the franchisors now in business were not in business back then and therefore their concerns have not been heard. Some of the franchisors have come and gone within that time frame. Some have made fortunes, one in five franchisors makes it to five years? So, many have come and gone. What actions at the Federal Trade Commission caused the pre-mature death of those companies? Could we have a mortality rate of one in three instead of one in five in the franchising industry if we worked to reduce over burdensome regulations?
One in five children in Africa live to five years old; dieing of malnutrition, malaria, yellow fever, dysentery? Are franchisors so burdened with the incorrect flows of law that 1:5 success rate is the norm? Why is this, shouldn't we back up and take a look at what we have built here? Think about it.
"Lance Winslow" - If you have innovative thoughts and unique perspectives, come think with Lance; www.worldthinktank.net/wttbbs
green cleaning service Glencoe ..You are selling your small business (business value under $1... Read More
The reason we Franchisors call it an exclusive territory is... Read More
There are many little details that go into making sure... Read More
I've got good news and bad news. The good news... Read More
Approximately 200,000 new businesses are started each year. More people... Read More
The difference between rates and wages is not always clear... Read More
The challenges of the small business owner are well documented.... Read More
Starting and growing a small business can be a daunting... Read More
This is the tale of two business plans with very... Read More
In many industries, image is one of the last things... Read More
The stock market is still on a wild roller coaster... Read More
A suggestion box is a really good idea for your... Read More
We all know that competition is an ugly word but... Read More
(Although this article is geared towards small business owners, the... Read More
What image do you and your people portray to your... Read More
Shopping for a franchise is easy if you know what... Read More
The less a business pays for goods and services the... Read More
Do you operate your business as a series of projects,... Read More
There have been many great points raised on both sides... Read More
If you are in the pressure washing business and are... Read More
Here are some of the questions that you need to... Read More
Time. As a small business owner, it's the commodity you... Read More
Most new small businesses won't be in business this time... Read More
Expanding your business requires you to take a good hard... Read More
As a successful small business owner,you're accustomed to long hours;... Read More
house cleaning company Bannockburn ..Marketing is one of the four corner-posts of a solid... Read More
Commonly folks have asked me what the technical difference is... Read More
In my previous article, Step 1, your challenge for the... Read More
Most business owners know when they need an accountant, but... Read More
Why should you always maintain a good report with a... Read More
In the world today, many people are further in debt... Read More
You have spent considerable time pulling your business plan together,... Read More
When does your ego get in the way?Let's go back... Read More
It's just like a marriageTo expect a bank manager or... Read More
The Dynamics of Daylight Savings Time changes the way we... Read More
When starting a business, you have to determine the method... Read More
A tongue-in-cheek look at the skills required to operate a... Read More
If you interviewed business owners of failed businesses, a majority... Read More
Here are seven ways for owners of small businesses to... Read More
Your business account comes with an ATM, Debit card. Pick... Read More
Here is an interesting case study of a company, which... Read More
Time. As a small business owner, it's the commodity you... Read More
Pressure washing companies must look for customers in the retail... Read More
Most pressure washing companies never look into some of the... Read More
As a practitioner and student of Small Business Marketing, I... Read More
To maximum potential profits and dollars in a mobile washing... Read More
The following tips have come from a wide variety of... Read More
Why should you describe your business to others in 5... Read More
Most small business owners seek advisors who can help them... Read More
A top executive called up me late in the night.... Read More
Small Business |