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Franchise Rule to be Revised; Why?

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

In The News:

After 17 years underground, vast armies of cicadas and their “alien-like wail” are set to emerge in Virginia, West Virginia and North Carolina.
The first white storks born in England in more than 600 years have shocked bird watchers, as they've come out of their nest for the first time, British news agency SWNS reports.
A mysterious 'continuously active' object known as a "Trojan asteroid" has been discovered in Jupiter's orbit, making it the first known object like it.
As the world attempts to contain the coronavirus pandemic, India, Pakistan and a number of countries in East Africa are also battling invasions of desert locusts.
Though there is no known scientific cure for COVID-19, another potential candidate started clinical trials this week, as Novavax began to inject volunteers in Australia.
Countries across the world, including the U.S., are in various phases of reopening, but concerns of a so-called "second wave" of the coronavirus pandemic have cropped up. A new study out of Singapore, however, suggests that COVID-19 patients are not infectious 11 days after getting sick.
A mysterious inflammatory syndrome tied to COVID-19 that has been reported in children is now also turning up in young adults in their early 20s, according to news reports.
The Centers for Disease Control and Prevention last week is warning people of an aggressive rat problem in the U.S. stemming from a decrease in food waste during the coronavirus pandemic.
Stormy weather is threatening to delay SpaceX’s first astronaut launch.
The first astronauts launched by SpaceX are breaking new ground for style by unveiling hip spacesuits, gull-wing Teslas and even a sleek rocketship with a black and white trim.

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