Chuck Huckaby explains his problems with franchises:
Like any corporation, they can start out “lean, mean, and entrepreneurial�.They used to do “business with a handshake�.
But as the corporation matured, went public, “got too big for their britches� soon the corporation becomes the SOLE SUPPLIER of Everything. That means this man must buy everything from the “company store� and can’t save money by buying from someone else or do that to improve quality (for example - by buying locally grown tomatoes in season here from Amish farmers who have very reasonable prices).
When you’re buying a franchise… ask where the franchise is in it’s life cycle. Talk to other franchise owners. If they’re starting to see the parent company nickel and dime them, it’s not likely to get better.
Photo by phitar.
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[...] The Problem with Franchises Chuck Huckaby explains his problems with franchises: Like any corporation, they can start out €ślean, mean, and entrepreneurial€?. They used to do €śbusiness with a handshake€?. But as the corporation matured, went public, €śgot too big for their britches€? soon the corporation becomes the SOLE SUPPLIER of Everything. That means this man must buy everything from the €ścompany […] [...]