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Experts with a range of perspectives on franchising offer insight into the industry and help you stay on top of the news and developments that affect franchise businesses.

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Terry Powell

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Latest Comments in Franchise Blog posts

Sticking To My Story ...

Hi Mitchell,

Thank you for the mention. A pure start-up is obviously different than a franchise start-up.

If a young entrepreneur has an idea for a company, and can get it funded, I say go for it.

If franchisors are starting to target younger franchise prospects for the wrong reasons, then it's a problem.

I have talked to maybe 2-3 young franchise prospects in my 8 years in franchise consulting. Both meetings were really short. They just didn't get it yet, because they couldn't. Not enough experience.

A start-up entrepreneur experiences things during their experience. That's totally different, Mitchell.

I'm sticking to my story.

The Franchise King
Joel Libava ...

By: Joel Libava on 10/14/09 at 10:42 AM

In Franchising, Is Youth Wasted on the Young?

Supporting franchises ...

I'm with Matt Shay and Rieva. Times are tight, but state governments need to give franchises free rein to conduct their business. That's the only way the economy will get back on track.

http://www.franchisedirect.com/blog/ ...

By: Donald on 7/27/09 at 6:09 AM

New York Puts the Squeeze on Franchises Operating in the State

President, COMPUTER EXPLORERS ...

The opportunity to work with Jeff on The Franchise Show and introduce my franchisees and COMPUTER EXPLORERS (CE) franchise opportunities is always a pleasure. Joan, David and Robin discussed why it is exciting to be a franchisee, how the focus of their business has changed over the years and what type of support they receive from the corporate CE Team.
Jeff next time I think you should do your show Live from our annual conference!

By: Deb Evans on 7/25/09 at 7:12 AM

Deb Evans, President of COMPUTER EXPLORERS Live at IFA!

Proven Systems and Franchisor Duty of Competence ...

Terry writes: "If you?re looking at franchises you?re actually validating a system. That system is already tested and proven. There are likely several people out there operating that system getting the results that you?d want for yourself. Even if the franchise company is relatively new what you need to determine is your ability and your willingness to follow that system to make your business successful."

There is no legal requirement that a franchisor have a proven system before they sell their concept.

No less a franchise authority than Michael Seid testifying as a expert witness "states in his documents that he knows of "no legal or industry requirement that a franchise opportunity must be tested in any particular manner, or that a franchisor cannot sell a franchise opportunity until it has been proven by prior franchisees." He writes that the Federal Trade Commission and state regulators have not established a franchisor "Duty of Competence." Instead, he states, they require franchisors to disclose accurately their experience and history, whatever that may be.

see: http://www.franchisetimes.com/content/story_result.php?article=00927 ...

By: Michael Webster on 7/15/09 at 10:26 AM

Analysis to a Point of Paralysis

Auntie Anne ...

I like it because the electric car itself is eye-catching, but it's all being reinforced by a green ethic. Good work!

http://www.franchisedirect.com/blog/ ...

By: Donald on 7/15/09 at 6:09 AM

Franchises Go Green