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Other Added - Ethics and Competition in Franchising Leaves Unanswered Questions
In modern-day franchising the franchisor will license his business model and operational strategies to folks who will run the franchised outlets. To ensure quality, consistency and customer service the franchisor will define in the confidential operations manual be exact method of doing business. Often in these confidential operations manuals they will nearly address every single possible aspect of the franchised business model.In doing so, the franchisor risks giving away secrets, which
If Franchisors are required to disclose at that level of information to anybody buying a franchise and it is obvious that their competitors will attempt to get that information by pretending to be buyers. The government does not care and the regulatory agencies are blind to the reality of the situation.
And in doing so they cause more harm to new franchise ores and start ups and a they are really need that market sector much like they have ruined so many industries in the past. I hereby can damn the regulatory bodies of the United States of America as ignorant, incompetence and utterly w
How many time did you get involved in an on-line business that never produced any money? If many times, now is the time to change that. This business was designed with people like us in minnd. It is one of the more profitable businesses on the internet that may truely change your life. I say "may" because the decision belongs to you. After getting involved in this business, you will be provided all necessary tools to succeed.You will be shown where are how to gain potential customers and
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, 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 level of information to anybody buying a franchise and it is obvious that their competitors will attempt to get that information by pretending to be buyers. The government does not care and the regulatory agencies are blind to the reality of the situation.
And in doing so they cause more harm to new franchise ores and start ups and a they are really need that market sector much like they have ruined so many industries in the past. I hereby can damn the regulatory bodies of the United States of America as ignorant, incompetence and utterly wo
Why is this question important?One of the most important career and life-planning activities you can engage in is finding your own definitions or models of success. This is vitally important for a number of reasons: If you haven’t done this, how do you know what’s best for you? How can you make career decisions if you aren’t crystal clear about how you define success? How can you be happy if you don’t know when you’re successful?If this question is relevant to you right now...
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, 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 level of information to anybody buying a franchise and it is obvious that their competitors will attempt to get that information by pretending to be buyers. The government does not care and the regulatory agencies are blind to the reality of the situation.
And in doing so they cause more harm to new franchise ores and start ups and a they are really need that market sector much like they have ruined so many industries in the past. I hereby can damn the regulatory bodies of the United States of America as ignorant, incompetence and utterly w
If you've been wanting to buy a business, but are holding back because you're freaked out about the idea of putting together a business plan, then this article should help put your mind at ease.Years ago, I used to actually meet with people wanting to buy a business before they put together a business plan. And I found out after a couple of years that people are afraid of three things -- death, taxes and business plans.This is no joke. It's a lot like public speaking -- most peopl
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 level of information to anybody buying a franchise and it is obvious that their competitors will attempt to get that information by pretending to be buyers. The government does not care and the regulatory agencies are blind to the reality of the situation.
And in doing so they cause more harm to new franchise ores and start ups and a they are really need that market sector much like they have ruined so many industries in the past. I hereby can damn the regulatory bodies of the United States of America as ignorant, incompetence and utterly w
If you are working as an auditor it’s important that you regularly reflect on your job and work situation. Too many people fail to climb the career ladder by staying in one job too long. We’ve come up with eight common situations which should act as a cue to write your resignation letter.Outgrown Your Job – it’s important when you commit to a job that you commit to stay there for a significant period of time. You will need a while to learn the ropes of the company and a go
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 level of information to anybody buying a franchise and it is obvious that their competitors will attempt to get that information by pretending to be buyers. The government does not care and the regulatory agencies are blind to the reality of the situation.
And in doing so they cause more harm to new franchise ores and start ups and a they are really need that market sector much like they have ruined so many industries in the past. I hereby can damn the regulatory bodies of the United States of America as ignorant, incompetence and utterly w
Would you like to increase your chances of business success by 350%? The good news is that you can! Before you start working harder or learning the latest business theories so you can work smarter, try something different. You can increase your chances of success by as much as 350% by being more innovative and uncovering dramatically different ways to look at your business and develop your product or service. (***footnote #1) This is good news.Even better news is that one hig
If Franchisors are required to disclose at that level of information to anybody buying a franchise and it is obvious that their competitors will attempt to get that information by pretending to be buyers. The government does not care and the regulatory agencies are blind to the reality of the situation.
And in doing so they cause more harm to new franchise ores and start ups and a they are really need that market sector much like they have ruined so many industries in the past. I hereby can damn the regulatory bodies of the United States of America as ignorant, incompetence and utterly worthless. And I have the facts, paperwork and proof to back up my statements, unlike the regulatory bodies or the competitors.
What we have here is a bunch of weak human beings that cannot handle competition and a lousy ignorant government to help them cheat. Who needs that? Consider this in 2006 and if you think this is too harsh, I say that is irrelevant because it is the truth.
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