Recently in Metro Franchise Association Category

I overheard an interesting conversation about Item 7s, how much it costs to buy a franchise, and the estimated working capital required.

A lawyer explained that "it was a rule that only 3 months of working capital should be shown on the item 7"

This made no sense to me. It is fine if your franchise system is going to ramp up under 3 months, but what if you have bought a system which is expected to take 12 - 18 months to ramp up? Like a child care system?

Why would a franchisor want to mislead the the prospective purchaser by miscalculating working capital? It won't help either party.

Mike Webster tells me that the 3 month "rule" is misunderstood. It really works like this. If the franchisor doesn't have an item 19, then they cannot have an accurate estimate of working capital, how much you need to break even, because this estimate is a financial performance representation. So, if you don't have an item 19, you cannot have an hidden FPR in your item 7.

This makes sense. But, I looked at some item 7's to see how misleading adherence to the "3 month rule" might be. I looked at Man in Van Franchises, because a big component of the cost is going to be the cost of the vehicle or vehicles.

Here is what 101 Mobility's Item 7, from 2013, reveals about the cost of buying a vehicle.

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First, the cost of a vehicle is estimated at $7,360 to $9,400, including any shrink wrap for signage.

Well, that sounds a like a great deal! The franchisor must have an excellent vendor program to pull this off.

Well, no. We have to read the fine print.

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We see the "3 month rule" being misused. Knowing the true cost of the vehicle is not going to allow you to make an accurate estimate of your break-even.

Could this just be the way the industry reports the cost of the vehicle in the item 7?

No, I am reliably informed by Jim Norton, Chief Operating Officer at Amramp, a competitor to 101 Mobility that:

"Amramp indicates $$23,950 to $42,500 for the purchase of a vehicle. So, at first glance a potential franchisee would see far less investment for 101 Mobility than for Amramp.

But, what should I expect when the 101 Mobility management team had no franchising experience or industry (healthcare experience) when they started the franchise?"

Jim is right, I think.

In my view, we need better Item 7s and better Item 19s, so that prospect purchasers can get an accurate picture of their expected return on invested cash. Adherence to the "3 month rule" produces dumb Item 7s, which cannot be relied upon.

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The Week In Review

Many of our readers have asked us to explain why certain stories were read, to give more context to the rankings.  We rely on more than the straight reader numbers, although we report those also. Many of the conversations started appear all over LinkedIn, so we are going to summarize those comments.  (If we have got your idea twisted around, feel free to correct us!)

 

1st Place With 2034 Readers

18b523b.jpgMatthew Kreutzer's Why You Cannot Hope To Negotiate Your Franchise Contract.

Matthew Kreutzer's article on negotiating a franchise agreement created a lot comments in the Franchise Attorney group, in these two threads, here and here.  

One commentator stated: "This has been one of the best linkedin conversations I have participated in in a long time."

My sense of the thread was that a) franchisors will add an amendment, include a side letter, or comfort letter to their franchise agreement rather than change THE franchise agreement, b) franchisors need to negotiate sometimes or miss out on qualified operators, but c) there are a lot of bad or naive negotiators working for franchisees.

What this shows is that there is a lot of interest in how to craft better franchise offerings for qualified individuals, but that most practitioners lack the skill to negotiate - especially on the franchisee side.  (There was a fun dialogue between Steven Rinaldi and I showing the franchisor's standard moves when asked for a concession and how to respond to them.)

There are a lot of issues that could be good follow-up articles.  

 

2nd Place with 1777 Readers

 


Jason.jpgJason Duncan's What Are the 5 Components of a Good "Bring Your Own Device" Policy For Your Franchise Owners?

Jason had a more technical contribution, this week.  While everyone agrees that the mobile platform is increasingly important to franchising, Jason summarizes some of the problems when your employees bring different devices to work & expect them all to play together.

This is an area which is developing, and I expect to see some insurance offerings protecting and/or indemnifying a franchise operator for loss of privacy due to his or her staff violating the franchisor's "BYOD" policy.  Employees and franchise operators are all picking their own security policies by using their own device & this is not a practice that will have a happy ending. 

 

 

3rd Place With 1603 Readers

 

 Gerald Woodgate.jpgGerald Woodgate's Two Marketing Mistakes Domino's is Making You Can Avoid with My Help 

This was a good analysis by a pro in direct response marketing.  Domino's wants people to take action, and Gerald pointed out some of their missteps.  Ramon de Leon, the former Domino's social media guru, jumped in on the thread and agreed with Gerald.

Joe Caruso and I see mistakes like this all the time, when we review a franchisor's auto-repsponder scripts for selling franchises.  Franchisors need to hire writers with proven direct response copy writing skills, check out the pool of talent at Drayton Bird's LinkedIn group.  Lurk for awhile and then hire someone. 

 

 

Top 3 Stories in Franchising & The Most Influential People this Week in Franchising

-As Measured by  LinkedIn Readers

-Stories Produced & Distributed by Franchise Info.  

 

When You would like to be more Influential on LinkedIn & Get More Sales, Customer or Clients, Look at What Franchise Info can Do for You to Get You People to Pay Attention to You. 

The Week end November 22nd in Review.  

  

 

joe.pngmike.pngTop 5 Stories in Franchising & The Most Influential People this Week in Franchising.

-As Measured by  LinkedIn Readers

-Stories Produced & Distributed by Franchise Info.  

 

 

1st Place With 1861 Readers


Tim Lorang's 5 Technical Tips on Creating Websites for Smartphone Viewing

 

Sponsored Post with 1700 Readers

Franchise Info's How You can Get Found on the Internet And Get More Clients

 

2nd Place with 1561 Readers

Lynne Shelton's Which Franchise Show is the Best One To Attend?

 

3rd Place with 1327 Readers

Kathy Doering's Get Rid Customer Line-Up Problems Once and For All

 

4th Place with 1245 Readers  (2nd Week)

Michael Webster's How To Start a Effective Green Hotel Guest Towel Program

 

5th Place with 1162 Readers

Frances Leary's The (4) Steps for Franchise Success & Online Brand Management

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When You would like to be more Influential on LinkedIn & Get More Sales, Customer or Clients, Look at What Franchise Info can Do for You to Get You People to Pay Attention to You.

The Week end November 15th in Review.  

The Top 6 Stories in Franchising &

The Most Influential People this Week in Franchising.

-As Measured by  LinkedIn

-Stories Produced by Franchise Info.  

 

The Top 3 Franchising Stories, as Influenced by Franchise Info's Joe Caruso  17k+ Readers [Nov 2 -8]

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1st Place With 1922 Readers 

Kathy Doering's Does LinkedIn's Endorsement Program Mystify You? A Couple of Easy Fixes

 

2nd Place With 1136 Readers 

Michael Webster's How To Start a Effective Green Hotel Guest Towel Program 

 

3rd Place With 859 Readers (2nd Week)

Fred Berni's  Why Some People Almost Always Hire the Right Person

 

The Top 3 Franchising Stories, as Influenced by Franchise Info's Michael Webster 8500+Readers [Nov 2 -8]

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1st Place With 1834 Readers 

Nancy Friedman's Six Pretty Easy Tips to be a Better Listener. Which One Will You Use?

 

2nd Place With 1,373 Readers

Tom Spadea's 3 Obstacles to Getting the Best Price for Your Franchise

 

 

3rd Place With 1327 Readers

Michael Webster's  Where are the People You Could do Business With on LinkedIn?

 

When You would like to be more Influential on LinkedIn & Get More Sales, Customer or Clients, Look at What Franchise Info can Do for You to Get You People to Pay Attention to You.

The Week end November 1st in Review.  

The Top 6 Stories in Franchising &

The Most Influential People this Week in Franchising.

-As Measured by  LinkedIn

-Stories Produced by Franchise Info.  

 

The Top 3 Franchising Stories, as Influenced by Franchise Info's Joe Caruso  22,000+ Readers [Nov 2 -8]

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1st Place With 1636 Readers 

Nancy Friedmans's Six Pretty Easy Tips to be a Better Listener. Which One Will You Use?

 

2nd Place With 1181 Readers (2nd Week in Top 3)

Dean Haller's FLSA Continues Challenge Franchise Owners.

 

3rd Place With 1068 Readers

Fred Berni's  Why Some People Almost Always Hire the Right Person

 

The Top 3 Franchising Stories, as Influenced by Franchise Info's Michael Webster 8k+Readers [Nov 2 -8]

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1st Place With 1296 Readers (2nd Week in Top 3)

Timonthy Lorang's  What is New in Mobile Marketing for this Year's Holidays?

 

2nd Place With 1,180 Readers

Kathy Dorang's Is Your Boss Tricking You To Work Overtime?

 

 

3rd Place With 762 Readers

Kathy Dorang's  Do You Know What (2) Technology Advancements Are Changing Mystery Shopping?

 

When You would like to be more Influential on LinkedIn & Get More Sales, Customer or Clients, Look at What Franchise Info can Do for You to Get You People to Pay Attention to You.

The Week end November 1st in Review.  

The Top 6 Stories in Franchising &

The Most Influential People this Week in Franchising.

-As Measured by  LinkedIn

-Stories Produced by Franchise Info.  

 

The Top 3 Franchising Stories, as Influenced by Joe Caruso - 20,000+ Readers [Oct 19-25]

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1st Place With 2447 Readers (2nd Week on Top 3)

Frances Leary's Very Controversial Do You Need To Bribe Google to Succeed?

 

2nd Place With 1398 Readers 

Timothy Lorang's What is New in Mobile Marketing for this Year's Holidays?

 

3rd Place With 955 Readers

Dean Haller's  FLSA Continues Challenge Franchise Owners. 

 

The Top 3 Franchising Stories, as Influenced by Michael Webster -6k+Readers [Oct 19-25]

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1st Place With 1,419 Readers

Timonthy Lorang's  Create Video Ads that Make You Rich

 

2nd Place With 1,334 Readers

Nancy Friedman's How to Be an Island of Excellence

 

 

3rd Place With 934 Readers

Kathy Dorang's  Sell More Franchises Using LinkedIn Company Pages & Targeting

 

When You would like to be more Influential on LinkedIn & Get More Sales, Customer or Clients, Look at What Franchise Info can Do for You To Get You People to Pay Attention to You.

The Week of October 25th in Review.  

The Top 6 Stories in Franchising &

The Most Influential People this Week in Franchising.

-As Measured by  LinkedIn

-Stories Produced by Franchise Info.  

 

The Top 3 Franchising Stories, as Influenced by Joe Caruso - 12,000+ Readers [Oct 19-25]

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1st Place With 1269 Readers

Frances Leary's Very Controversial Do You Need To Bribe Google to Succeed?

 

2nd Place With 1186 Readers (2nd Week on Top 3)

Frances Leary's What's New With Google Updates & 3 Easy Fixes for the Damage Done to Your Website

 

3rd Place - With 1017 Readers

Timothy Lorang's  Create Video Ads that Make You Rich

 

 

The Top 3 Franchising Stories, as Influenced by Michael Webster -6k+Readers [Oct 19-25]

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1st Place  - With 1099 Readers.

Frances Leary's Very Controversial  Do You Need To Bribe Google to Succeed?

2nd Place - With 887 Readers. (2nd Week in Second Place.)

Michael Webster's Are Franchise Owners Putting Franchisors between a Rock and a Hard Place?

 

3rd Place - With 877 Readers. (2nd Week in Third Place.)

Frances Leary's  What's New With Google Updates & 3 Easy Fixes for the Damage Done to Your Website

If you would like to be more influential on LinkedIn & Get More Sales, Customer or Clients, Look at What Franchise Info can Do for You 

The Week of October 18th in Review.  

The Top 6 Stories in Franchising &

The Most Influential People this Week in Franchising.

-As Measured by  LinkedIn

-Stories Produced by Franchise Info.  

 

The Top 3 Franchising Stories, as Influenced by Joe Caruso - 12,000+ Readers [Oct 14-18]

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1st Place With 1149 Readers.

Frances Leary's  What's New With Google Updates & 3 Easy Fixes for the Damage Done to Your Website

 

2n Place With 1045 Readers. (2nd Week on Top 3)

Frances Leary's 10 Tips Which Solve Your Most Pressing Content Marketing Problem 

 

3rd Place - With 676 Readers

Nancy Friedman's  Have Staff You Can Be Proud Of

 

 

The Top 3 Franchising Stories, as Influenced by Michael Webster -9k+Readers [Oct 15-18]

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1st Place  - With 1163 Readers. (2nd Week in First Place)

Jason Power's  Why Some Franchisors Almost Always Close Their Franchise Deals on Discovery Day

 

2nd Place - With 875 Readers.

Michael Webster's Are Franchise Owners Putting Franchisors between a Rock and a Hard Place?

 

3rd Place - With 853 Readers.

Frances Leary's  What's New With Google Updates & 3 Easy Fixes for the Damage Done to Your Website

 

The Week of October 11th in Review.  

The Top 6 Stories in Franchising &

The Most Influential People this Week in Franchising.

-As Measured by  LinkedIn

-Stories Produced by Franchise Info.  

 

The Top 3 Franchising Stories, as Influenced by Joe Caruso - 13,000+ Readers

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1st Place With 1013 Readers.

Frances Leary's 10 Tips Which Solve Your Most Pressing Content Marketing Problem 

 

2nd Place - With 773 Readers 

Jason Duncan's 7-Eleven Inc. Ranked America's Top Global Franchise: Here's Why

 

3rd Place - With 682 Readers

Frances Leary's  You Don't Need To be a Tech Guru to Set Up Google+ For Your Franchise

 

 

The Top 3 Franchising Stories, as Influenced by Michael Webster -10,000+ Readers

Webster.png

 

1st Place  - With 1139 Readers.

Jason Power's  Why Some Franchisors Almost Always Close Their Franchise Deals on Discovery Day

 

2nd Place - With 679 Readers.

Frances Leary's 10 Tips Which Solve Your Most Pressing Content Marketing Problem 

 

3rd Place - With 670 Readers.

Frances Leary's  You Don't Need To be a Tech Guru to Set Up Google+ For Your Franchise

 

The Week of October 4th in Review.  

The Top 9 Stories in Franchising &

The Most Influential People this Week in Franchising.

-As Measured by  LinkedIn and Google  

-Stories Produced by Franchise Info.  

 

The Top 3 Franchising Stories, as Influenced by Joe Caruso - 13,000+ Readers, since September 28th, 2013.

 

1st Article - 877 Readers.

Rhonda Sanderson's Do You Have a Good Public Relations Program? Or are You Just Good on Social Media?

 

2nd Article - With 823 Readers 

Dustin DeTorres' Is Google Making Your Franchise Marketing Harder? And What You Need to Do About It.

 

3rd Article - With 790 Readers

Kathy Doering's Four Familiar Social Media Monitoring Problems - Which One Do You Want to Solve?

 

 

The Top 3 Franchising Stories, as Influenced by Michael Webster - 5480+ Readers, since September 26th, 2013.

 

1st Article - With 528 Readers.

Kathy Doering's  3 Easy Tips To Make The Most Of Your Customer Feedback 

 

2nd Article - With 512 Readers 

Warren Lewis' If You Don't Plan Your Franchise Sales Compliance, You Will Hate Yourself Later

 

 

3rd Article - With 489 Readers

Richard Solomon's Why Your Franchisor Is Not Competent.

 

4 Most Influential Articles from September 5th to October 4th, According to Google.

 

1st Article, with 50 Readers and 17:30 Minutes for each Reader.

Lynne Shelton's The (2) Different Ways to Use Master Franchising to Grow Your Franchise Brand Internationally

 

2nd Article, with 45 Readers and 18:19 Minutes for Each Reader.

Timonthy Lorang's 5 Tips on Creating Websites for Smartphones

 

3rd Article, with 13 Reader and 18:10 Minutes for Each Reader.

Mark Vang's How Much Do You Know about How LinkedIn Protects Your Privacy?

 

The Week of September 27th in Review.  

The Top 3 Stories in Franchising & The Most Influential People this Week in Franchising.

As Measured by Google & LinkedIn.  

Stories Produced by Franchise Info.  

Validated by Our More than 10,000+ LinkedIn Readers.

 

The 3 Most Popular Stories

1.  Nancy Lanard's What are the Hottest Franchisees You Can Buy, Now? (4th Week).

2.  Frances Leary's Is Your Franchisor Getting Google to Punish Your Local Franchisee Website?  (2nd Week).

3. Matthew Kreutzer's Do You Know The 6 Warnings Signals of a Nervous Franchisee Prospect?

 

Chart From Google Analytics:

 Popular.png

The 3 Most Thoughtful Articles 

1.  Kathy Doering's Quick & Easy Tip for Franchises to Show Their Customers that They Care.

2.  David Gould's Franchise Owners Want to Know: Where is My Rebate Check? (3rd Week)

3.  John's Gordon Does Private Equity Create or Destroy Value?

 

Chart From Google Analytics:

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The Top Influencers as Selected by LinkedIn in the Franchise Groups

 

Top Influencers in Franchise Professionals

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Top Influencers in National Restaurants

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Top Influeners in IFA

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Top Influencers in Metro Franchise Association

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Top Influencers in Franchisors

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Top Influencers in Franchise Owners

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Top Influencers in Franchise Attorneys

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Top Influencers in Franchise Suppliers

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The week in review.  

Measured by Google & LinkedIn.  

Produced by Franchise Info.  

All for Your Reading Pleasure.

 

The 3 Most Popular Stories

1.  Nancy Lanard's What are the Hottest Franchisees You Can Buy, Now? (3rd Week)

2.  Richard Solomon's Franchisors Fail at an Amazing Rate (3rd Week)

3.  Frances Leary's Is Your Franchisor Getting Google to Punish Your Local Franchisee Website?  (1st Week)

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The 3 Most Thoughtful Articles

 

1.  David Gould's Franchise Owners Want to Know: Where is My Rebate Check? (3rd Week)

2.  Kathy Doering's 8 Tips on How to Effectively Cross Sell.

3.  Asa Markel's When is a Franchisor an Employer of it Franchisee's Employees?

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Top Influencers in the IFA LinkedIn Group

  • Michael Webster
    Michael Webster
    2700+ Connections Franchise Development & Brand Builder
  • Mike Giles
    Mike Giles
    Co-founder at Preeminence
  • Paul Segreto, CFE
    Paul Segreto, CFE
    President & CEO at Franchise Foundry - Franchise Management & Development; Private Equity
  • Vito Boscaino
    Vito Boscaino
    Real Estate Consultant | Principal at ACN Business Solutions

 

Top Influencers in Franchise Professionals LinkedIn Group

  • Michael Webster
    Michael Webster
    2700+ Connections Franchise Development & Brand Builder
  • Joe Caruso
    Joe Caruso
    7500+ Connections Franchise Development
  • David Vaassen
    David Vaassen
    MD/Owner at E-see, Logosauce & UnJunk
  • David G. Ryan
    David G. Ryan
    Business Development

 

Top Influencers in Metro Franchise Association Group

  • Michael Webster
    Michael Webster
    2700+ Connections Franchise Development & Brand Builder
  • Krista Thompson
    Krista Thompson
    President, Boomerang Kids Franchise Corporation
  • Joe Caruso
    Joe Caruso
    7500+ Connections Franchise Development
  • Ken Tencer
    Ken Tencer
    CEO, Entrepreneur, Author & Speaker


 

Top Influencer in Franchise Suppliers  Group

  • Joe Caruso
    Joe Caruso
    7500+ Connections Franchise Development
  • Earl Rudolfo
    Earl Rudolfo
    Cloud Accounting Beancounter for Small Businesses
  • Michael Webster
    Michael Webster
    2700+ Connections Franchise Development & Brand Builder
  • Julie Ricchuito
    Julie Ricchuito
    Marketing Manager at On The Spot Systems, Inc.

 

Top Influencers in Franchise Attorney Group

  • Michael Webster
    Michael Webster
    2700+ Connections Franchise Development & Brand Builder
  • Joe Caruso
    Joe Caruso
    7500+ Connections Franchise Development
  • David Pratt
    David Pratt
    Franchise and Trademark Attorney at Decker Jones
  • Howard Caplan
    Howard Caplan
    Transactional Business, Corporate, Franchising, and Intellectual Property Attorney

Top Influencers in the Franchisors Group

  • Joe Caruso
    Joe Caruso
    7500+ Connections Franchise Development
  • Michael Webster
    Michael Webster
    2700+ Connections Franchise Development & Brand Builder
  • Adrienne Kawamura
    Adrienne Kawamura
    Owner, City Kitty
  • David Stein
    David Stein
    Founder and CEO, The Producers Network


Top Influencers in Franchise Owner's Group

  • Joe Caruso
    Joe Caruso
    7500+ Connections Franchise Development
  • John A. Gordon
    John A. Gordon
    Chain Restaurant Earnings and Economics Expert
  • Michael Webster
    Michael Webster
    2700+ Connections Franchise Development & Brand Builder

 

If you believe that you are deserving of being an Influencer, take a look at the Franchise Info Marketing Program  and see if it works for you.

Small businesses across the country are concerned about their compliance obligations under the Affordable Care Act (Obamacare).

Franchisors and franchisees are among those concerned about understanding and complying with its provisions.

If you are in franchising industry and would like answers to your questions, please join us for the next meeting of the Nevada Franchise Business Network, which is scheduled to occur on Tuesday, October 8, 2013 at Cili restaurant in Bali Hai Country Club, 5160 Las Vegas Boulevard South, Las Vegas, NV 89119.

The meeting, titled "Health Care Reform and Franchising: How To Prepare And Comply," will feature a discussion with Darrin Leslie of Paychex, an IFA member and a national leader in small business payroll, HR, and benefit administration solutions.

In addition to current rules, the luncheon will cover those that go into effect in 2014 and 2015, including the Employer Shared Responsibility provision. 

The Nevada Franchise Business Network is hosted by Armstrong Teasdale as an adjunct program of the International Franchise Association. For more information about the purpose and history of the Franchise Business Network, please visit the IFA's website.

Registration will begin at 11:45 A.M., with the program scheduled to start at 12:00 P.M. Lunch will be served. The meeting is open to all members of the franchise community.

There is no cost to attend, but please RSVP in advance to Mary Rodell at (800) 243-5070 ext. 7489, or [email protected]

Here are the Most Popular Stories, Most Read Stories as picked by Google & the Top Influencers in Franchising as picked by LinkedIn for the week of September Sunday 8th - Friday 13th.

LinkedIn and Google make their picks in an objective manner, but using their Secret Algorithms.

The 3 Most Popular Stories

1.  Richard Solomon's Franchisors Fail at an Amazing Rate (2nd Week)

2.  Nancy Lanard's What are the Hottest Franchisees You Can Buy, Now? (2nd Week)

3.  Michael Webster's How Much Should I Pay for My Franchise Lead Generation?

 

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The 3 Most Thoughtful Articles

 

1.  David Gould's Franchise Owners Want to Know: Where is My Rebate Check? (2nd Week)

2.  Caroline Cooper's Can You Make Your Hotel Stand Out from the Competition?

3.  Michael Webster's Does Your Franchisor Act Like a Benevolent Dictator? How You Can Change the Strategic Situation

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Top Influencers in the IFA LinkedIn Group

  • Michael Webster
  • Michael Webster 2700+ Connections Franchise Development & Brand Builder
  • Dallas Bennewitz
  • Dallas Bennewitz Strategic Marketing Executive |C-Level Marketing Experience in Food, Beverage, Healthcare, Retail & Franchising
  •  
  • Paul Segreto, CFE
  • Paul Segreto, CFE President & CEO at Franchise Foundry - Franchise Management & Development; Private Equity
  • Tom Yuhas
  • Tom Yuhas Franchise Sales and Training VP at Sparkle Wash executive business opportunity
  •  

Top Influencers in Franchise Professionals LinkedIn Group


Top Influencers in Metro Franchise Association Group


Top Influencer in the Franchisor Owners Group

  • Joe Caruso
  • Joe Caruso 7450+ Connections Franchise Development
  • Michael Webster
  • Michael Webster 2700+ Connections Franchise Development & Brand Builder

Top Influencer in Franchise Suppliers  Group

  • Joe Caruso
    Joe Caruso 7450+ Connections Franchise Development
  • Michael Webster
  • Michael Webster 2700+ Connections Franchise Development & Brand Builder
  •  
  • Erle Dardick
  • Erle Dardick CEO at MonkeyMedia Software, Author & Founder at MMS Catering Institute
  • David Stein
  • David Stein Founder and CEO, The Producers Network
  •  

Top Influencers in Franchise Attorney Group

 


    Top Influencers in the Franchisors Group

    For the Labor Day week, here are the Most Popular Stories, Most Read Stories as picked by Google & the Top Influencers in Franchising as picked by LinkedIn.

    LinkedIn and Google make their picks in an objective manner using their Secret Algorithms.

    But, at Franchise Info, You are the Final Judge.  

    Let us know what You think of the Top Stories and Influencers, in the comments.

     

    The 3 Most Popular Stories

    1.  Richard Solomon's Franchisors Fail at an Amazing Rate

    2.  Michael Webster's How Much Can I Make with a Popeyes Louisiana  Kitchen Franchise?

    3.  Nancy Lanard's What are the Hottest Franchisees You Can Buy, Now?

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    t

    The 3 Most Thoughtful Articles

    1.  Michael Webster's Four Steps to Creating a Modern Franchisee Association

    2.  Seth Stadfeld's Serious Concerns for Serious Franchisees

    3.  David Gould's Franchise Owners Want to Know: Where is My Rebate Check?

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    Top Influencers in the IFA LinkedIn Group


    • Michael Latham
    • Michael Webster
    • Dallas Bennewitz
      • Dallas Bennewitz
      • Strategic Marketing Executive |C-Level Marketing Experience in Food, Beverage, Healthcare, Retail & Franchising
    • David Bloom
      • David Bloom
      • Senior Vice President of Brand Expansion at Hurricane AMT, LLC

    Top Influencers in Franchise Professionals LinkedIn Group

     


    Top Influencer in Metro Franchise Association Group


    Top Influencer in the Franchisor Owners Group


    Top Influencer in Franchise Suppliers  Group

    • David Stein
      David Stein
      Founder and CEO, The Producers Network
       

    Top Influencers in Franchise Attorney Group

      • John A. Gordon
      • Ben Hanuka
        Ben Hanuka
        Principal, Franchise Counsel and Arbitrator, Law Works P.C.

      Top Influencers in the Franchisors Group

      Here are the Top Influencers, as determined by LinkedIn, in the Linkedin Groups that Franchise Info manages.

      Each week individuals contribute their comments and ideas to our LinkedIn Groups.

      LinkedIn claims to use a neat & secret algorithm to select whose comments & ideas have the most influence.

      Google also claims to have a neat influncer alogrithim.

      But, what do you think?  Because your opinion also counts.

       

      1. Franchise Owners (969 members) 

      Congratulations to: John Gordon. 

      Ok, Franchise Owners -this is bit crazy.  Why is John always the Top Infuencer?

      Look, I love the guy - but doesn't someone else have something to say?

            John A. Gordon

      John A. Gordon
      Chain Restaurant Earnings and Economics Expert

      2. Franchisors ( 2364 Members)

      Congratulations to Pete Crouse and Rhonda Sanderson.

      Hey, does Rhonda always get to be an Influencer because of her PR backgroumd?

      3. Franchise Suppliers/Services (1333 members)

      Congratulations to David Stein and Don Sniegowski.

      4. Franchise Attorneys (1163 members)

      Congratulations to:  John Gordon  & Matthew Kreutzer 

      So Matthew gets top billing for commenting on the Legal Zoom story?

      5. Metro Franchise Association (983 Members)

      Congratulations to: Christopher Frits Blomkwist & Naomi Meghory

      6. Finally, here are the Top 10 Stories - determined by Google Analytics- by popularity and time spent.

      Congratulations to Richard Solomon for the most Popular Article & Warren Lewis for the Most Engaging Article.

      So only attorneys can write popular or engaging artices?

      Most Popular 

      Popular.png

      Most Engaging

      read.png

      If you believe that you are deserving of being an Influencer & want to Get Your Name Out There, take a Look into the Franchise Info Marketing Program .

      Here are the Top Influencers, as determined by LinkedIn, in the Linkedin Groups that Franchise Info manages.

      Each week individuals contribute their comments and ideas to our LinkedIn Groups.

      LinkedIn uses an algorithm to select whose comments & ideas have the most influence.  

      We don't report the group owner's influence ranking.

      1. Franchise Owners (944 members) 

      Congratulations to: John Gordon.

            John A. Gordon

      John A. Gordon
      Chain Restaurant Earnings and Economics Expert

      See all members

      2. Franchisors ( 2352 Members)

      Congratulations to Dale Waite & June M. Toth.

      See all members

      3. Franchise Suppliers/Services (1329 members)

      Congratulations to Marc Gordon.

      See all members

      4. Franchise Attorneys (1155 members)

      Congratulations to:  Matthew Kreutzer & Mary Clapp.

      See all members

      5. Metro Franchise Association (916 Members)

      Congratulations to: Eric Gustafsson, Sandra K. Jimmerskog, Howard Kline, Esq.

      See all members

      6. Finally, here are the Top 10 Stories - determined by Google Analytics- by popularity and time spent.

      Congratulations to Richard Solomon for the most Popular Article & Bob Canter for the Most Engaging Article.

      Most Popular 

      Popular.png

      Most Engaging

      read.png

      If you believe that you are deserving of being an Influencer & want to Get Your Name Out There, take a Look into the Franchise Info Marketing Program .

      There are basic three questions any prospective franchise owner wants to know: 

      1.  How much does it cost?

      2.  How much can I make?

      3.  Is my area still available?

      Some of the answers to these questions are found in the FDD.  

      To answer "How Much Does It Cost", you need to look at Items 5 - 8. This is the standard format in all FDDs.

      5-8.png

      What makes answering the question, How Much Does It Cost?, hard is the quality of disclosure in Item 8- the item that deals with restrictions on your purchases and rebates.  Excessive restrictions on your source of supply can lead you to overpaying for your purchases.

      Many propsective franchisees assume, without verifying, that the franchisor:

      a) makes bulks purchases and receives better pricing, and;

      b) passes on those rebates to the franchisees.  

      After all, isn't that the point of being in a franchise system - to get better pricing through group purchasing?

      Well, no.

      You must actually read the Item 8.

      Here is Solar Universe's Item 8.  It is remarkably clear.

      How Much Does It Cost.png

      (Here is the entire Item 8 Disclosure, How Much Does It Cost)

      Solar Universe is very clear.

      1. You will buy all your solar products from them, and nobody else - even if the prices or quality is better from an alternative supplier.

      2. Solar Universe makes the bulk of its money, almost 75%, by selling franchisees solar products - whether or not the franchisee sells those products.

      3. The definition of "solar products" is wide.

      4. The is no group buying power, and rebates are likely not available to the franchisees, given this boilerplate lanugage:

      "Additionally, we may negotiate pricing arrangements, including volume discounts on behalf of our franchisees with our suppliers.

      Volume discounts may not be available to franchisees located in outlying markets that a particular supplier does not serve in significant volume."

      In this business, you are essentially distributing and selling the products Solar Universe has bought -without regard to competive price and quality.

      So, you need to be very clear on just how good Solar Universe is with their buying and prices to franchisees. Not something you can tell without more homework.  This is the major input to how much does it & you must be clear on it.

      For more helpful tips from expert on purchasing a franchise, please click here.

      Here are the Top Influencers, as determined by LinkedIn, in  Linkedin Groups that Franchise Info manages.

      1. Franchise Owners (931 members) 

      Congratulations to John Gordon.

      EE.png

      2. Franchisors ( 2341 Members)

      Congratulations to Doreen Morgan, Marc Gordon & Stephan Donati.

      or.png

      3. Franchise Suppliers/Services (1326 members)

      Congratulations to Marc Gordon

      supply.png

      4. Franchise Attorneys (1148 members)

      Congratulations to: Ben HanukaRichard WilbournMatthew Kreutzer

      law.png

      5. Metro Franchise Association (832 Members)

      Congratulations to: Robert BilottiMarc Gordon, Aaron Weiner, CCIM, CPM, LEED AP & Sandra K. Jimmerskog

      Metro.png

      Finally, here are the Top 10 Stories - determined by Google Analytics- by popularity and time spent.

      Congratulations to all the authors.

      Most Popular 

      Popular.png

      Most Read

      read.png

      If you believe that you are deserving of being an Influencer, take a look  and see if it works for you.

      Here are the Top Influencers, as determined by LinkedIn, in the 5 main Linkedin Groups that Franchise Info manages.

      1. Franchise Owners (918 members) 

      Congratulations to John Gordon!

      EE.png

       

      2. Franchisors ( 2321 Members)

      Congratulations to Richard Vogel, Rhonda Sanderson & Glen Walford

      or.png

       

      3. Franchise Suppliers/Services (1316 members)

      Hmm, LinkedIn didn't pick any influencers this week, other than the usual suspects.

      supply.png

       

      4. Franchise Attorneys (1136 members)

      Congratulations to Matthew KreutzerMary Clapp, and David Steinberg

      law.png

      Finally, here are the Top 10 Stories - determined by Google Analytics- by popularity and time spent.

      Congratulations to all the authors.

      Most Popular 

      Popular.png

      Most Read

      read.png

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