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Digg it UP - Lies, Damned Lies and Franchise Statistics
Job applicants don't have time. Do you know anyone in human resources that has a minute to spare? I sure don't. So why treat job applicants any differently. More and more companies are relying on their own company web sites for their job openings. According to noted recruitment authority Gary Cri
Always be aware of these harsh realities when considering any franchise:
1. Many franchisees never make much money. Average profitability is poor, especially after taking into account the purchase price of the franchise. So take the hype used to sell franchises with a big pinch of salt!
Question 1: Is it true that the client is always right?Answer: Yes. The customer is always right. The customer’s perception is reality.Question 2: If the client is always right, does it mean the service provider is always wrong, even if they have been trained and well prepared for the job
The oft-touted statistic that after 5 years the percentage of Franchises still in business is much higher than non-franchise start-ups is not borne out by anecdotal evidence. So what is the truth? Well much of the apparent discrepancy can be explained by a simple analysis of the way in which the numbers are sampled.
Staggeringly, the basis for franchise associations' surveys is polling of CURRENT franchisees only. This means that the very group that the survey is trying to identify, the franchises that have failed, are excluded from the survey.
The reason for the discrepancy between statistics reported by the franchise industry and independent studies, is difference in methodology. Surveys done by Franchise Associations are done by sending questionnaires only to existing franchisees. Which means that all those franchisees who couldn't make it work and sold their franchises are excluded from the figures. Only the franchisees who went bust and couldn't sell their franchises are taken into account.
How very convenient if the objective of the survey is to promote the sale of franchises!
Always be aware of these harsh realities when considering any franchise:
1. Many franchisees never make much money. Average profitability is poor, especially after taking into account the purchase price of the franchise. So take the hype used to sell franchises with a big pinch of salt!
Today, it isn’t that uncommon for some children and teenagers to work. They may earn extra money by baby-sitting, doing yard work, or maybe even walking dogs. Others, once they go on to high school, may go to work in their local grocery store, malls, or food chains. However, in the Victorian Age, it
Staggeringly, the basis for franchise associations' surveys is polling of CURRENT franchisees only. This means that the very group that the survey is trying to identify, the franchises that have failed, are excluded from the survey.
The reason for the discrepancy between statistics reported by the franchise industry and independent studies, is difference in methodology. Surveys done by Franchise Associations are done by sending questionnaires only to existing franchisees. Which means that all those franchisees who couldn't make it work and sold their franchises are excluded from the figures. Only the franchisees who went bust and couldn't sell their franchises are taken into account.
How very convenient if the objective of the survey is to promote the sale of franchises!
Always be aware of these harsh realities when considering any franchise:
1. Many franchisees never make much money. Average profitability is poor, especially after taking into account the purchase price of the franchise. So take the hype used to sell franchises with a big pinch of salt!
Wood machining refers to the process of converting wooden logs into planks, fabricating them into desired shapes and sizes, and polishing them for use in the final product. Wood machining has acquired great importance in recent years due to the short supply of wood and increasing environmental awarenesly. This means that the very group that the survey is trying to identify, the franchises that have failed, are excluded from the survey.
The reason for the discrepancy between statistics reported by the franchise industry and independent studies, is difference in methodology. Surveys done by Franchise Associations are done by sending questionnaires only to existing franchisees. Which means that all those franchisees who couldn't make it work and sold their franchises are excluded from the figures. Only the franchisees who went bust and couldn't sell their franchises are taken into account.
How very convenient if the objective of the survey is to promote the sale of franchises!
Always be aware of these harsh realities when considering any franchise:
1. Many franchisees never make much money. Average profitability is poor, especially after taking into account the purchase price of the franchise. So take the hype used to sell franchises with a big pinch of salt!
Today skilled programmers, installers and operators in information technology routinely change jobs as skill sets ascend, peak and wane in the face of new capabilities in technology. These Techno Gypsies move from start-up, to existing enterprise to start-up, all as demand for their skills shifts and csending questionnaires only to existing franchisees. Which means that all those franchisees who couldn't make it work and sold their franchises are excluded from the figures. Only the franchisees who went bust and couldn't sell their franchises are taken into account.
How very convenient if the objective of the survey is to promote the sale of franchises!
Always be aware of these harsh realities when considering any franchise:
1. Many franchisees never make much money. Average profitability is poor, especially after taking into account the purchase price of the franchise. So take the hype used to sell franchises with a big pinch of salt!
Publications come in so many different forms. They are designed to meet the different interests of the people. And one of the most popular types of publications is the magazines. Generally, the magazine is classified into four types: trade magazines, scholarly magazines, sensational magazines and populmote the sale of franchises!
Always be aware of these harsh realities when considering any franchise:
1. Many franchisees never make much money. Average profitability is poor, especially after taking into account the purchase price of the franchise. So take the hype used to sell franchises with a big pinch of salt!
2. "Studies" used to sell franchises are paid for by the franchisors. Don't mistake the information provided for balanced consumer guide information. It's a carefully engineered sales pitch. Getting hold of the information you need to make a rational buying decision is difficult, to say the least. So use your common sense and a healthy dose of cynical discretion.
3. Franchise agreements always favour the franchisor. It is very easy to be swept away in the heat of the moment and get into a binding contract that is not in your best long term interests. And it is very hard to get out of a franchise agreement without taking a big financial loss.
4. Remember, the main purpose of franchising is to make the franchisor wealthy. So be careful.
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