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Is "Get a Franchise!" Really the Best Answer to Every Question Posted Here?

I see this happening a lot here of late. No matter what the question is, a swarm of people jump in with nothing more than "Get a franchise! Call me for more info." Come on, folks. There are some great threads here with high quality answers. Let's try to keep it that way.

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Answers (10)
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We are financial consultants to a group of investors whom we have their consent to manage their funds which is in our custody for cooperation in joint venture business investments.

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Jesse Peterson
phone: (980) 239-7539
email: info@interventionmortgagefirm.com
web: http://www.interventionmortgagefirm.com/

Aug 17, 2017
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Aug 6, 2017
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Now, apparently, the answer is a home based business. Seriously, Peter is right. If this is just going to be a forum for people to shill their products then this forum is going to fail. If you can contribute, please contribute, if you can't, don't post.

Jul 31, 2009
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How to Buy a Business
WA

Thanks Jon. You have demonstrated my point by responding to twenty questions with a pitch for your franchise.

Jul 20, 2009
Jon Holmquist
Edgemaster Mobile Sharpening
Mobile Sharpeners

Peter, Experience is a great teacher, as the owner of many small businesses, I speak from that experience. There are hundreds of food franchises out there and the cost getting in is huge. I just think that people need to know that they are going to be married to that business 24-7 for years to make that ROI they have hoped for. I just think that they should think about another avenue to happiness which is the most important thing in a businss, DO YOU LOVE IT! Thanks, Jon

Jul 19, 2009
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How to Buy a Business
WA

Glad we agree.

Jul 14, 2009
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The BAF Group LLC
MD

I could not agree with you more! In fact, I complained about one particular individual that did nothing but paste the same several paragraphs, in answer to about eight different questions, last week. He did absolutely nothing to answer any of the questions; it was simply a self-promotion exercise. To their credit, the people at BizBuySell reviewed my complaint and removed every one of his posts. Your point is very well taken. Thanks.

Jul 9, 2009
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How to Buy a Business
WA

Thanks, but my intention wasn't to make any value judgments about franchises. Rather it was to point out that people often don't read the question and just copy and paste a plug in for something they are selling. Most of the time the replies are complete non sequiters because the question has nothing to do with franchcises.

As you point out, some questions posted here are undecipherable. If I don't understand a question, I either ask for a clarification or ignore it. I don't use it as an opportunity to pitch an unrelated product.

Jul 9, 2009
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The BAF Group LLC
MD

Everyone comes with their own perspective and - many times - expressing their views on the basis of their own vested interests. From my perspective, franchises are ideal for people that have the need for regimentation and training; if you have never been in business before, you may want to seriously take a look at a franchise. That is about the only time I have suggested a franchise: When people state that they have no business background, but desperately want to be in business for themselves. Otherwise, people that have absolutely no experience should just send the money they want to lose to me, and save themselves a lot of stress in throwing it out on a business, in which they will probably lose their shirts.

There are some franchises that make sense because of the branding and the promotional support that is characteristic of some franchises. You can't beat a Burger King for the amount and quality of the advertising. But it is decidedly not for everyone!

And franchises are not a 100% guarantee that a given location will succeed. I have seen MacDonalds operations close. I have seen entire franchise companies fold.

There are some businesses that are not superb candidates for franchising. There are others where franchises provide immediate, direct sales opportunities that would take an independent business person several years to generate. It goes both ways, depending upon a LOT of issues.

The problem with blogs is that frequently, they deal in generalizations. Sometimes, the questions that are asked are so vague, that answering them in a competent manner is virtually impossible. And, so when I (as an example) suggest that people call me, it is frequently because they have given so little information that they will never get a meaningful answer, unless I - or someone like me - is able to ask further questions and obtain more information.

But frankly, you get what you pay for. If you want free information, you will not get the kind of counseling you would ordinarily get for $125 per hour. And this is all about people wanting free information. So, when you criticize the quality of the answers, please keep that in mind.

...and call me if you want further detail...

Jul 9, 2009
Kathryne Pusch
ConsultKAP Inc./Business Brokers Network
GA

NO, this is not the best answer to all the entrepreneurial questions. You are right that even something that claims to have a "system" in place does not guarantee that business venture makes sense for "everyone." We see a tremendous number of franchise buyers who are disgruntled and miserable after a short time (often less than a year) with a hasty decision they made after a rush franchisor presentation. Each person needs to evaluate how a given business will work for their personality, skill set, and long-term goals, and check the history of the franchise in terms of current franchisee satisfaction, litigation, and real support in terms of true value-added. Considering the narrow margins of most business enterprises these days, one has to evaluate whether the 7% (or whatever the franchise fees/royalties are) make good business sense. When it comes to franchises, I say "Marry in haste; repent in leisure." Like FL real estate, do not expect that you will be to just SELL IT, and get your investment returned to you if you are not happy.

Jul 9, 2009

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