Comments on: CEREALITY: Do Some Franchisees DESERVE Unhappiness?

By: Mitchell York

Mitchell York — Sat, 04 Jul 2009 01:39:24 +0000

My just-published book, “FRANCHISE: FREEDOM OR FANTASY” explains how people wind up making mistakes like the woman cited above. If you know someone considering buying a franchise, it may be worth a look.

By: Tyonne Malcom III

Tyonne Malcom III — Fri, 03 Jul 2009 18:11:07 +0000

Cereality and Ms. Fields aside, SBA loans are government backed, money is from bank and non-bank lenders and there is a guaranty fee of 1% – 3.75% to cover bad loans after the lender has relieved the borrower of their collateral/assets.

By: Cynthia Gartman

Cynthia Gartman — Fri, 03 Jul 2009 17:03:03 +0000

Financial Performance Representations (aka Earnings Claims) ….a prospective franchisee should use them to create a start-up business plan. Did Ms. Fields?

By: Mike Sobol

Mike Sobol — Fri, 03 Jul 2009 16:36:45 +0000

You are spot on. At this time of year, we’re reminded of the rights and privileges we enjoy. We have available to us countless opportunities to succeed wildly… or fail miserably.

It is a favor to franchising that you call out these cases and help encourage a consistently sober approach to the field.

Ego, groupthink, (and laiziness, as you point out) all have a part to play. Too bad human nature is so flawed! Sometimes the mechanisms that are set up to enable and protect smart ventures, also help to accelerate the growth and subsequent implosion of the bad ones.

By: Just because you could enter franchising doesn't mean you should.

Just because you could enter franchising doesn't mean you should. — Fri, 03 Jul 2009 16:18:29 +0000

[...] Cold Stone Creamery must have some keen market insight that I don’t. Read more about it at UnhappyFranchisee.com.Where were the checks and balances along the way? How many people helped this to [...]