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Casual Articles - Ethics and Competition in Franchising Leaves Unanswered Questions
Two years ago, I was struggling to make a living and my business was failing. The bills were piling up, and I started to think that it was time to find a job. I will never forget the moment when the light bulb went on in my head and I understood what was wrong.My business doubled that year, and has more than doubled over the past year. How did I do it?If you are serious about doubling your business in 2006, read on. I want to share with you the basic concepts that have helped my
You see, they had no intention of running the business all they wanted is a complete set of our operations manuals, U
EDC Gold has been called the hottest opportunity on the internet today. But seriously, what's with all the hype? With all the opportunities out there how do we know that EDC is not blowing smoke and that there actually are people out there doing well with the program?Undoubtedly if you do a search for EDC Gold on Google you will see endless claims of money making dreams and how you can cash in immediately. I was skeptical to say the least when I first started researching the company. You s
In the franchising industry, which I was involved with for nearly 2 decades we constantly had our competitors pretending to be franchise buyers so they can get a hold of our uniform franchise offering circular.
The Uniform Franchise Offering Circular or UFOC is a required document that you must give to each franchise buyer 10-days prior to them buying a franchise. This disclosure document and their attachments are generally 200 or more pages. And the UFOC there is more information than someone could get going through your personal laptop or through all the drawers and filing cabinets in your office.
It is an unbelievable amount of disclosure, which is required by law. This prospectus includes audited financial statements of your business, lists of all your franchisees, your future expansion plans and just about everything else including the color of underwear you are wearing this morning.
Obviously your competitors will want to get a hold of this information so they can better compete with you. In my company we actually had someone buy a franchise and allow us to help them set up the business only to find out later that the money they used was that of a competitor.
You see, they had no intention of running the business all they wanted is a complete set of our operations manuals, UF
Whether you want a flier or a brochure to publicize your products and services, wish to communicate with other people through a newsletter or in-house magazine or want to publish a magazine as a commercial prospect, printing is the technology that becomes the most essential factor. Commercial printing is a highly technical task and most people, not familiar with the processes, are easily overwhelmed by the many parameters involved. Printing is not just putting words on paper. It involves the choi
In the franchising industry, which I was involved with for nearly 2 decades we constantly had our competitors pretending to be franchise buyers so they can get a hold of our uniform franchise offering circular.
The Uniform Franchise Offering Circular or UFOC is a required document that you must give to each franchise buyer 10-days prior to them buying a franchise. This disclosure document and their attachments are generally 200 or more pages. And the UFOC there is more information than someone could get going through your personal laptop or through all the drawers and filing cabinets in your office.
It is an unbelievable amount of disclosure, which is required by law. This prospectus includes audited financial statements of your business, lists of all your franchisees, your future expansion plans and just about everything else including the color of underwear you are wearing this morning.
Obviously your competitors will want to get a hold of this information so they can better compete with you. In my company we actually had someone buy a franchise and allow us to help them set up the business only to find out later that the money they used was that of a competitor.
You see, they had no intention of running the business all they wanted is a complete set of our operations manuals, U
I should probably begin with my own qualifications to discuss this topic. I was a Yellow Page consultant for nearly 25 years and, prior to that, had my own advertising agency. I also have a degree in marketing. I’ve been designing Yellow Page ads for the past three decades. So I have experience in creating ads and have advised almost 7000 companies on how to put together the most effective ones. If you have a display or in-column ad, regardless of size, color or position, I can tell you it most
It is an unbelievable amount of disclosure, which is required by law. This prospectus includes audited financial statements of your business, lists of all your franchisees, your future expansion plans and just about everything else including the color of underwear you are wearing this morning.
Obviously your competitors will want to get a hold of this information so they can better compete with you. In my company we actually had someone buy a franchise and allow us to help them set up the business only to find out later that the money they used was that of a competitor.
You see, they had no intention of running the business all they wanted is a complete set of our operations manuals, U
Sometimes, the difficult questions to manage in an interview are not questions at all. Here are three common interview scenarios that a candidate may be asked to resolve.1. Tell me how you resolved an incident where you were asked to do the impossible.This exercise has a number of possible directions to examine. First, the statement presumes the candidate has met with impossible tasks, and in so doing, has had to come to some kind of resolution. If you are willing to take the bai
Obviously your competitors will want to get a hold of this information so they can better compete with you. In my company we actually had someone buy a franchise and allow us to help them set up the business only to find out later that the money they used was that of a competitor.
You see, they had no intention of running the business all they wanted is a complete set of our operations manuals, U
It is often said that business cards are the most important marketing tool. Because of this fact, it is essential to invest in high quality, colorful and laminated business cards. Everyone you meet is a potential customer and you you’re your business card to serve as a miniature billboard that advertise your products or services.Some great ideas to stand out from the crowd would be to select an unusual color, typeface, or message. Make certain that your business card contains all the in
You see, they had no intention of running the business all they wanted is a complete set of our operations manuals, UFOC and all the inside information that our company had including the training modules. This dishonesty and lack of integrity is unbelievable.
Later, the individual attempted to file a complaint with a state agency and a federal regulatory agency that we had misrepresented ourselves during the sale of the franchise. Of course this is utter BS and yet there are consumer laws that protect the consumer over the word of the Franchisor.
In fact once a regulatory agency starts an investigation you are guilty unless you can prove yourself innocent. It is the biggest bunch of horsesheet I have ever seen. But this is how the reality of business works and how the regulatory agencies do things.
If the United States of America and the regulatory agencies cannot do any better than this then we can never have free enterprise or a level playing field in any industry. This also means that we will stifle innovation, hurt entrepreneurs and missed opportunities in the marketplace and be passed by other nations in various industry sectors and sub-sectors.
After retirement and looking back on the situation it seems to be a game that an honest person would not like to play, nevertheless an honest business person can do a lot of good in the world, but one has to ask is it worth it?
If Franchisors are required to disclose at that l
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