April 15, 2009 8:03 am
Published by Dr. John Hayes
What happens if you buy a franchise and—God forbid—you fail and shut down the business? Are you legally obligated to succeed? You are if the franchise agreement says you are. What’s worse, you may be required to pay fees even after you’ve failed! What does the expectation of success mean? Franchisors... View Article
April 14, 2009 6:09 am
Published by Dr. John Hayes
One thing you need to understand before you buy a franchise: It never, ever comes with guarantees. Do you know of any business methodology that does? Systems make franchises work Franchising isn’t a business. It’s a method of distributing products and services. The method is defined and supported by a... View Article
April 13, 2009 6:00 am
Published by Dr. John Hayes
Franchisors in the United States are required by federal law to tell prospective franchisees how many franchises they sold and retained from year to year. That’s good information for anyone who wants to buy a franchise. But it’s not enough information to help you determine if the franchisees are operating... View Article
April 11, 2009 12:28 pm
Published by Dr. John Hayes
What will make you happy? I really like that question, because I like to be happy. Doesn’t everyone? It’s a simple question, which may explain why so many people don’t ask and answer it before they buy a franchise. Maybe it’s too simplistic? Can franchisees be happy? Or maybe people... View Article
April 7, 2009 6:59 pm
Published by Dr. John Hayes
Why do you want to buy a franchise? Even before you begin your online search to find a franchise of your liking, or before you click on that tweet that promises to lead to the American Dream, or you step foot into a franchise expo, the very first question to... View Article