Franchisor Ethics; Do You Have the Right to Sell Your Concept as a Franchise?

Most reasonable people will a still that if a franchisor is selling franchised outlets to the public then they have a viable business concept that is profitable. However, this may not always be the case and to assume this is risky if you are a franchise buyer. I would agree that if you are a franchisor and you have perfected your business model then absolutely you have the right to sell it to others to help them achieve their American dream of owning their own company or franchised outlet.

Although as a retired Franchisor and now consultants I have in the past had new franchisor entrants want me to consult them and I ask them how long they have been in business and they have maybe 3-years total including the day they got their business license before opening? You think to yourself what? How can anybody and thickly with two sell franchises when they have not perfected their own business or prototype model?

But then comes the real kicker and one, which just makes me cringe as a franchisor consultant; then these would be Franchisors tell me when I ask how much capital they have they say that they have approximately $35,000 available.

This is a scary thought indeed; why you ask, well it takes a million really to franchise a concept and you burn thru it fairly quickly unless you do not mind eating Top Ramen, putting in lots of hours and treating the money like you earned it washing dishes at $5.15 per hour. If you are thinking about franchising your current business please consider all this in 2006.

"Lance Winslow" - Online Think Tank forum board. If you have innovative thoughts and unique perspectives, come think with Lance; http://www.WorldThinkTank.net/. Lance is a guest writer for Our Spokane Magazine in Spokane, Washington

Business Ethics Case Study Considered; Franchise Regulations
Many people believe that when they buy a franchise that the franchise business model has been reviewed by the government, yet...

Franchisor Royalty Collection, Late Pays and Interest Charges
If you are a franchisor you will soon find how incredibly dishonest some humans are, as they attempt to hide, conceal or not ...

What Are Business Ethics And Do They Affect Your Company?
Business Ethics have only come to the fore recently. They state that there is more to business than just making a profit. The...

Business Ethics & Social Responsibility
The purpose of business is to generate maximum returns for its owners and shareholders. So therefore should the business purs...

Stealing Proprietary Information from Franchising Companies
Corporate Espionage is so great in America that competitors will go to lengths to find out what your company has that makes i...

Business Ethics Training - Why Important?
Many people wonder if business ethics is just a buzzword that has been tossed around lately, due to some of the aggressive ta...

What Is Medical Negligence?
Medical negligence is much more than a doctor making a mistake. To prove that the doctor was medically negligent, your solici...

Corporate Ethics - Ensuring Business Stability
For businesses to reach financial stability, good morale and client satisfaction, corporate ethics must be a guiding policy f...

College Students Posing as Customers to Do School Projects
Here we are and it is that time of year again when professors from top Universities and Colleges across the country are assig...

Pragmatic Ethics; Are You a Liar in Disguise?
Have you ever met someone who puts themselves out as ethical at every turn, always talking about ethics like a Catholic Pries...

How Valuable Are Your Ethics or What is Your Price to Compromise Your Ethics?
Everyone in business will eventually face a real crisis of conscience at some point or points in his or her career. Before y...

Your Business Ethics May Be a Litmus Test to Increase Sales or to Land a Job
During a recent business networking event, a colleague told me that the two of us were a dying breed. This comment intrigued...

How Do You Define Integrity Within Your Business Ethics Or Business Values Statement?
Recently during a radio interview, one of the hosts made this statement:Integrity is putting your values into action. Robin S...

Are Poor Business Ethics From Your Management Team Costing You Business Relationships?
Much is written about the lack of integrity, poor work ethics and business ethics of the rank and file employees. Yet, is yo...

How To Build A Business Ethics Program
Recent corporate financial scandals have highlighted the importance of business ethics and legal compliance. Yet a recent Nat...

Business Ethics and Social Responsibility
Business ethics is a form of applied ethics that examines just rules and principles within a commercial context; the various ...

Basics Of Ethics And Morals
Throughout history, man has always struggled with the issue of right and wrong and ethics and justice. According to the dicti...

What Are Business Ethics And What Is Their Importance?
Business ethics are a matter of much debate. Every MBA entrant is taught the meaning of them, and yet many will never follow ...

Building An Environment Of Ethical Behavior Ten Tips From Your Strategic Thinking Business Coach
Business ethics has become and has remained a popular news topic in todays world thanks to Enron, Tyco, WorldCom, Adelphia, e...

To Understand the Lack of Business Ethics Look to Education
So you want high business ethics? Well, that may just be a pipe dream if the data from existing universities is confirmed th...