Last February, as I was speaking to my colleagues at the International Franchise Association‘s annual convention in Las Vegas, my business partner turned to me and said, “Don’t look now, but Mitt Romney is right behind you.” Since Romney was a speaker at that convention, it was not a huge surprise. But what did surprise me were the stories he related about his acquisition of Domino’s Pizza while at Bain Capital — and the lessons he had learned from that franchisor. “At last,” I thought, “a candidate who can relate to franchisors!”
More recently, I learned that Herman Cain, whose popularity has jumped in the latest polls, also has experience as a franchisor. Having started his professional career at Coca-Cola, he then went on to hold senior executive positions at Burger King and Godfather’s Pizza. It then dawned on me that we really could have a franchisor as our next president. (The candidates may discuss their business backgrounds when they debate Tuesday evening in Las Vegas.) Read full article.