I was recently interview by a reporter from QSR (Quick Service Restaurant Magazine) about how I’ve dealt with employee theft in the past.
I outlined a couple of situations where me and my partner had PROOF of employee theft, what we did to deal with the situation, and what steps we took to prevent future incidents.
The [...]
Browsing Franchising™
How to deal with Employee Theft
Posted by bfranchise in February 4th, 2009
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Posted in: Dealing with Theft, Franchise Advice, Franchising Tags: Employee Theft, Franchise Management, QSR
Should I Buy A Franchise?
Posted by bfranchise in January 2nd, 2009
I know for a fact that there are a TON of you out there asking yourself this question right now…Should I buy a franchise? So many folks are losing their jobs and getting laid off, it generally causes most all of us to consider “going it on our own!”
Being your own boss is great, but [...]
Franchise Disclosure Document (FDD)
Posted by bfranchise in November 9th, 2008
When you show interest in a franchise opportunity, the Franchise Company is required by federal law to provide you with their Franchise Disclosure Document (FDD)
I’ve read through over a hundred of these documents. Most are hard to understand, at best. Usually, they are down right confusing and require a highly trained, and highly paid lawyer [...]
Franchising, Worst Case Scenario
Posted by bfranchise in November 8th, 2008
When you start an independent business, generally the worst thing that can happen is that you are not successful and have to shut the doors and close down. You will lose every penny that you have invested, but generally, that is it.
THIS IS NOT THE CASE WITH MANY FRANCHISES. THINGS CAN ACTUALLY BE MUCH WORSE!
I [...]
Franchise Rainy Day Fund
Posted by bfranchise in November 8th, 2008
Posted in: Franchise Advice, Franchising Tags: Cash Flow, Franchise Advice, Franchise Line of Credit, Franchise Planning, Franchising
Finding capital seems to be a theme here lately. Clearly I own a franchise business that is seasonal. Had I been smart, I would have got a business line of credit in place years ago.
Though I love the concept of franchising, there are some flaws. No one teaches you to think 3-4 years down the [...]
The Truth About Franchising
Posted by bfranchise in November 6th, 2008
The truth is that I have a very strange Love/Hate relationship with the concept of franchising.
I have enjoyed and still enjoy very strong franchise relationships.
I have also been misled and abused by members of the franchise community.
Reflecting on the many franchise agreements that I’ve entered into, I begin to see that this Love/Hate yoyo puts [...]
