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franchisor may be nastier than the old one
Only 3 ways out: resell (next loser), independence (be sued) or abandon (bankruptcy)
Operating losses from Day 1
Personal guarantees cause good money to go after bad
http://www.wikidfranchise.org/bachelorhood
“You say to the bank, ‘Look guys, I have no money, I have no money personally.’ Now, some are going to have to go personally bankrupt, which is not a bad thing,” Austin said casually. Under his
http://www.wikidfranchise.org/19950220-unusual-meeting
to fail as franchise investment
Forced to invest in unproven concept
Leasehold improvements worth next to nothing
Offered much less than market value of franchise
Sunk Cost Fallacy: very hard to resist putting good money after bad
Sunk costs: franchisee's trapped capital keeps them chained to treadmill
http://www.wikidfranchise.org/the-marriage:divorce-court
Perjury
Personal assets pledged to cover business
Personal guarantee forged by franchisor
Personal guarantees cause good money to go after bad
Personal Information Protection and Electronic Documents Act
http://www.wikidfranchise.org/risks
of the loan. When loans go into default, taxpayer money refunds the bank and the Star found banks have little incentive to ensure loan money was being put to good use.
The Kirchner loans came directly
http://www.wikidfranchise.org/20101126-16m-fraud
the balls, but when you start to drop them you don't look so good any more. They would prefer it if you could miraculously keep them going forever, but you can't."
Jean Ann Fox, director of consumer
http://www.wikidfranchise.org/20040619-the-tangled
don't use the territory within 12 months, you lose it, and you don't get a refund because you have tied up that territory for that time."
Ah, the contract. you know those bitter good-news-bad-news jokes
http://www.wikidfranchise.org/20051201-risk-reward
Marketplace
Franchising is fundamentally a form of business investment and ownership governing the distribution and sale of goods or services. Franchise operations can now be found in virtually every type
http://www.wikidfranchise.org/19980601-ontario-franchise
for granted, and it no longer seemed interesting to ask where the electronic media were taking us. But in recent years, the explosion of new media - particularly the Web - has caused new anxieties. Or to put
http://www.wikidfranchise.org/19960101-the-wisdom
of the relationship (except for the employee’s personal assets) as well as the products of the relationship, either tangible goods or revenues. In addition, the employer exercises complete control
http://www.wikidfranchise.org/1990401-problematic-relations
