Here is a part of the franchising world that is..shall I say..uncomfortable. I am certainly pro-small business, and pro-franchising. But when a name brand franchise gets into trouble because of "accounting" errors, and franchisees around the US have had huge problems Puget Sound, one must take a serious step back
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So during my 4th LIVE radio interview with The "Small Business Advocate" this morning, Jim Blasingame intros me as a Franchise Expert etc. from Cleveland, Ohio. I say, "The Rock N Roll Capital, Cleveland Ohio"! He asks me, "What great Rock N Roll Band came from Cleveland'?I
Can I be an "I told you so" kind of guy for a moment? My area, Cleveland-Northern Ohio has been in an economic slump for the past few years.This makes me even more skeptical than I already am, when it comes to franchises that I choose to talk about with my local clients.I will not suggest "Hot" franchise
Failure? In a franchise system? C'mon...... Yes it really is possible to fail in the franchise business. The common reasons are: 1. Not following the system. You are buying a system. Use it. 2. Mismatch. You choose a Subway franchise because you know the "name" and you feel that you cannot fail.