Have you considered a franchise business as your next potential career choice? Many people leave Corporate America or secure paychecks to start their own businesses. Does this make sense? If you start a small business how long will it take to open the business? What if you start a franchise how long until you get the doors open and start making money? Good question indeed.
The UFOC or Uniform Franchise Offering Circular demands that the franchisor indicate the time to open a store, if the store opens early then that is not required disclosure, however it has been my observations that franchisees want their franchises open early not later, most complain about delays to open, most delays are caused by the franchisee or onerous local zoning regulations and municipal level politics and good ole' boy networks worried about competition.
Look at all the franchise cases for Hotels and businesses like Day Care Centers not opening within the estimated UFOC disclosed time to open? But also is that the Franchisor's Fault? No, generally it is not the franchisors fault but rather the individual circumstances of the business and scenario or situation.
I have heard cases of delays caused by planning commissions, zoning issues and such causing delays of 2-years or more. Some stores never get built and the franchisee and franchisor have to work out additional circumstances for another location possibility. Consider all this in 2006.
Lance Winslow - Online Think Tank forum board. If you have innovative thoughts and unique perspectives, come think with Lance; www.WorldThinkTank.net/wttbbs/ |
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