During the recent International Franchise Expo in Washington, DC, one of my students asked me if it was true that the U.S. Department of Commerce determined that franchises succeed 97% of the time. “Where’d you’d see that information?” I asked. Don’t Believe Everything You Read Online The student said,... View Article
I don’t remember (and it doesn’t matter) which major news publication this week ran an article about the popularity of franchises in a recession, but there was one sentence in the article that gave me a chuckle. Often times, when the media print articles that put a positive spin on... View Article
Years ago when I interviewed franchisees for Franchising: The Inside Story (published so long ago, I’m embarrassed to say, that it’s out of print!) I always asked them how they felt about taking risks. At the time, I thought franchisees were entrepreneurs and that entrepreneurs were risk takers. But I... View Article
I’ve often said that you buy a franchise to learn what TO do, but franchise veteran Jim Tatem, speaking at the International Franchise Expo in Washington, DC, put another spin on things when he said, “You buy a franchise to learn what NOT to do.” Excellent point. And it reminded... View Article
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