WHAT SHOULD EVERY FRANCHISEE KNOW (That Many Don’t)?
Please share your opinion with a comment below, or email us at UnhappyFranchisee[at]Gmail.com. Please state your role and years in the industry. Anonymous comments are fine.
We’re asking franchise owners, former franchise owners, franchisors, franchisee attorneys, franchisor attorneys, franchise consultants and franchise experts these important questions:
- What should every prospective and new franchise owner know about franchising and the franchise relationship – but many don’t?
- What misunderstandings or misconceptions do even established and seasoned franchise owners hold?
- How does it work against them… and the brands they represent?
- Franchisees: What do you wish you had known when considering your franchise investment?
We want to hear your opinion. Please post a comment below or email us at UnhappyFranchisee[at]Gmail.com.
You don’t need to give your name or the franchise organization you are (or were) part of, but please use your real email address (its not visible) and state your role and years in the industry.
We will compile all responses and share them by type of commenter (franchisees, franchisors, attorneys, etc.)
LATEST COMMENTS POSTED HERE:
- Franchisee Attorneys Share: What Every Franchisee Should Know (But Many Don’t)
- Franchise Attorneys Share: What Every Franchisee Should Know (But Many Don’t)
- Franchisors Share: What Every Franchisee Should Know (But Many Don’t)
- Franchisees Share: What Every Franchisee Should Know (But Many Don’t)
- Franchise Professionals Share: What Every Franchisee Should Know (But Many Don’t)
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TAGS: Buying a franchise, Franchising 101, Franchising Basics, Best franchises, finding a franchise, franchise, franchise opportunity, franchise complaints, franchise, franchise opportunity, franchise buyer’s guide, Franchise Advice , unhappy franchisee
Cover image borrowed, revised and adapted from “That is Success” by Jessica Lyonford is licensed under CC BY-NC 4.0
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I have read your articles on what potential franchisees should know and do not. The responses were eye opening from the attorneys who posted their knowledge.
As a consumer and a former business owner, one of the main things that I see as a critical problem at this time is a severe labor shortage. Over the past month I have noticed how it affects all businesses (especially food service franchises). In order to grow a business, one needs a good supply of labor. Almost every franchised restaurant I have frequented in the past few weeks have the NOW HIRING sign out in full view. Service in these establishments has been slow and it is all the employees can do to keep their heads above water until the store closes. Repeat the nest day, next week, etc.
Also, if a new business needs a build out for a new unit, one should expect delays as construction companies are working full blast and they are looking for more people to satisfy their demand.
I have had 3 experiences as a business owner where any help was not available. Most days had me on pins and needles. Not only did it retard the growth of my businesses, I had to turn down good work from our best customer. It sucked.
In today’s business climate, if one is starting a new business make sure you have ample labor on board to make a go of it. Good luck!