Franchising

1. You must have experience. No one is going to give you a part of their hard earned brand name, plus a shit load of bank loans if you've never even worked in a restaurant. 2. After punctuation marks, there come spaces. Always. 3. Calling members Small timers because they wont spend time pointing out that inexperienced business owners who can't even get hold of a franchise, let alone run it profitably, is not a good way to solicit good advice. The rules companies impose are there for a reason: if they wont sell you a franchise, there is probably a good chance that you shouldn't be sold one. A real businessman overcomes these problems, he doesn't solicit help from the internet.

I own a mid-size food company and have considerable knowledge about franchising but I'll leave it at this. +1

Small timers franchise, ballers start companies.

As far as real advice goes though, read the FDD (Franchise Disclosure Document) very carefully. This will spell out your relationship with Corporate.

As far as "overcoming" requirements, good luck on that. They are put in place by Corporate to guard Corporate and make sure franchising is likely to benefit Corporate. Catch the drift?

So you really want to be a sharecropper, do you?

I've represented franchisees on numerous occasions; however, they pay me a lot of money for my advice, and would be upset if I gave it away for free on the internet. Having said that, all I can say is that you have to be careful because there are a lot of unexpected potholes along the way.

I'm just going to say expect to work a shit ton. You can't just hire people and expect them to do the work for you because you paid them. You need to be there like 5-6 days a week or else they'll start stealing from you.

This is why you shouldn't franchise. You misunderstand both the nature if business and franchises. Don't do it. Lose a bunch of money on a startup before you try franchises.

If you don't want your franchise to suck, you'll need to work like a dog.

The place I get coffee in the morning near my work is a franchise and the girl who owns it is there from 5h00am to 4h00am Monday to Friday and sometimes seven days a week if she anticipates a lot of traffic. She has employees but she's usually behind the counter herself. I talk to her a lot and she enjoys having employees (and based on what I've seen and her turnover she treats them exceptionally well) but I you can tell the rest of it is a grind.

I don't open franchise locations. I own the brand.

Adding that 2nd employee, I see.