May 2, 2009 1:39 pm
Published by Dr. John Hayes
Ecstatic Isabel called! It’s been about ten days since I last heard from her (see Is Franchising Indentured Servitude?) and she couldn’t have been happier! How much money? “I know how much money I’ll be able to make as a franchisee even though the franchisor didn’t tell me — well... View Article
April 27, 2009 1:03 am
Published by Dr. John Hayes
Got 3 minutes? View my new video about evaluating franchisee interviews. As you do your homework to determine which franchise to buy (or if you should buy one at all), you’ll likely hear a variety of opinions and comments shared by existing franchisees. Your challenge now: Who to listen to?... View Article
April 18, 2009 11:59 am
Published by Dr. John Hayes
“You don’t need to invest all that money to get into the pizza business,” the advisor told his client/friend. “You make the greatest pizza I’ve ever tasted. Far better than anything those franchises offer. You don’t need to pay them all that money upfront, and then — my God — you’ve... View Article
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