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Posted on Thu, 02/21/2013 - 02:12 AM by
viewed 47 times
Franchisors that elect not to negotiate franchise agreements up front with franchisees run the risk of negotiating contracts forever. "You can pay me now or you can pay me later." MORE NEWS FROM BLUEMAUMAUMcDonald's Owner/Operators Temperature CheckRecently, I gained additional perspective of the detailed issues and discontent in the McDonald's US franchisee (owner/operator) community. McDonald's (MCD) has had a r read more An Audacious Business Goal that was as Big as a BuffaloMore than 15 years ago I was struggling in the beef cattle industry because I was doing things exactly the way everyone else was doing them—raising cattle and then taking them to the feedlot. It’s a great business when things are good but when the market is down you are in the dumps as well. Franchising Myth Six: Many Franchises Means Critical Mass of Market PenetrationToo many prospective franchise buyers I know assume that a franchise is successful because it is “big enough” to sell franchises or because it already has hundreds of franchises in operation. Nobody Asked me, But... A Hotel Consultant's Eclectic OpinionsFor the past 25 years, I have written hundreds of articles, columns, essays, editorials and blogs. They have appeared in many different formats. read more Forty Six Million Reasons Why Restaurants Should Think AheadNote from John Gordon: Several 'fast casual' summits will be conducted beforehand. Steve and I feel the future of food retail is not to look back and see what worked in the past, but to look forward, thinking carefully about the customer. The following are Steve's good thoughts: RELATED SMALL BUSINESS NEWSAu Contraire, Mon AmiIs there anything the U.S. press likes more than a piece of news that makes the French look less French and more, well, American? Should I Franchise My Business?If you own a business, you may have considered expanding by franchising. Other companies have found success through franchising, so why couldn't you? read more Franchise Succession PlanningWhat happens to a franchise if a franchisee passes away? Can the franchise be transferred to a qualified successor? Or will the business automatically be terminated? read more A Legacy for My GrandchildrenOne of the main reasons why we all work hard is to leave something behind for our kids and grandkids. The choices we make today have consequences we can’t even imagine in the future. Franchising Myth Five: Franchising Provides A “Proven Franchise Business System”Franchising provides a "proven franchise business system" is a myth I hear from prospective franchisees all the time. read more |
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