Comments on: Want to Franchise Your Business? Do Your Homework First. http://www.everyjoe.com/articles/want-to-franchise-your-business-do-your-homework-first/ Sports News - Tech Reviews - Entertainment - Life Tips for EveryJoe Sat, 05 Dec 2009 22:09:59 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Barista’s Daily Grind Coffee Franchise: Permanent Injunction http://www.everyjoe.com/articles/want-to-franchise-your-business-do-your-homework-first/comment-page-1/#comment-299158 Barista’s Daily Grind Coffee Franchise: Permanent Injunction Thu, 22 May 2008 23:33:22 +0000 http://www.franchisepick.com/want-to-franchise-your-business-do-your-homework/#comment-299158 [...] Want to Franchise Your Business? Do Your Homework First. [...] [...] Want to Franchise Your Business? Do Your Homework First. [...]

]]> By: People Lie. People Cheat. People Advertise. at PIGASYS http://www.everyjoe.com/articles/want-to-franchise-your-business-do-your-homework-first/comment-page-1/#comment-302652 People Lie. People Cheat. People Advertise. at PIGASYS Fri, 14 Dec 2007 20:43:19 +0000 http://www.franchisepick.com/want-to-franchise-your-business-do-your-homework/#comment-302652 [...] October post Want to Franchise Your Business? Do Your Homework First recounted the unfortunate cautionary tale of a promising coffee concept called [...] [...] October post Want to Franchise Your Business? Do Your Homework First recounted the unfortunate cautionary tale of a promising coffee concept called [...]

]]> By: People Lie. People Cheat. People Advertise. http://www.everyjoe.com/articles/want-to-franchise-your-business-do-your-homework-first/comment-page-1/#comment-302524 People Lie. People Cheat. People Advertise. Fri, 14 Dec 2007 19:53:49 +0000 http://www.franchisepick.com/want-to-franchise-your-business-do-your-homework/#comment-302524 [...] October post Want to Franchise Your Business? Do Your Homework First recounted the unfortunate cautionary tale of a promising coffee concept called [...] [...] October post Want to Franchise Your Business? Do Your Homework First recounted the unfortunate cautionary tale of a promising coffee concept called [...]

]]> By: Steve Sickler http://www.everyjoe.com/articles/want-to-franchise-your-business-do-your-homework-first/comment-page-1/#comment-302785 Steve Sickler Fri, 14 Dec 2007 18:02:33 +0000 http://www.franchisepick.com/want-to-franchise-your-business-do-your-homework/#comment-302785 In response to the article, as the owner and developer of the Barista's Franchise we did our home work with the information we could find in 2001. We visited with several law firms regarding the franchise concept, we chose the Jacobson Orr lawfirm as they were advertising on the world wide web that they specialized in franchise and franchising. We set up an interview with the firm and were told they took the Buckle public, worked on Quizno's, Thirsty's and several others. We put our trust with this law firm to guide us in the right direction, what a let down! At a later date we were getting feedback from lawyers in other states indicating there was a problem with the documents. We then approached and e-mailed the Jacobson Orr firm a memo that we wanted a second opinion regarding the compliance of our documents. The Orr firm then hired legal council from Omaha representing themselves as specializing in franchise law to redraft the documents on our behalf. These also turned out to be errant and noncompliant, after hiring yet a third lawfirm, it was discovered that neither firm involved with drafting had experience in franchise or franchising. Both firms held themselves out has having franchise experience to the point they advertised as such. A friend of mine is a foot doctor, would he ever advertise that he specializes in heart transplants? What would be his liability if he performed a heart transplant and his client later died becasue he didn't know he was supposed to reattach all of parts? In response to the article, as the owner and developer of the Barista’s Franchise we did our home work with the information we could find in 2001. We visited with several law firms regarding the franchise concept, we chose the Jacobson Orr lawfirm as they were advertising on the world wide web that they specialized in franchise and franchising. We set up an interview with the firm and were told they took the Buckle public, worked on Quizno’s, Thirsty’s and several others. We put our trust with this law firm to guide us in the right direction, what a let down! At a later date we were getting feedback from lawyers in other states indicating there was a problem with the documents. We then approached and e-mailed the Jacobson Orr firm a memo that we wanted a second opinion regarding the compliance of our documents. The Orr firm then hired legal council from Omaha representing themselves as specializing in franchise law to redraft the documents on our behalf. These also turned out to be errant and noncompliant, after hiring yet a third lawfirm, it was discovered that neither firm involved with drafting had experience in franchise or franchising. Both firms held themselves out has having franchise experience to the point they advertised as such. A friend of mine is a foot doctor, would he ever advertise that he specializes in heart transplants? What would be his liability if he performed a heart transplant and his client later died becasue he didn’t know he was supposed to reattach all of parts?

]]> By: sean http://www.everyjoe.com/articles/want-to-franchise-your-business-do-your-homework-first/comment-page-1/#comment-303276 sean Wed, 24 Oct 2007 21:41:57 +0000 http://www.franchisepick.com/want-to-franchise-your-business-do-your-homework/#comment-303276 Incidentally, if Barista's or their lawyer had read Joel's post on the <a href="http://thefranchiseking.typepad.com/the_franchise_king/2007/10/top-5-items-in-.html" rel="nofollow">Top 5 Items in the UFOC</a> at <a href="http://thefranchiseking.typepad.com/the_franchise_king" rel="nofollow">The Franchise King</a> blog, they might be busy spending franchise fees and legal retainers (respectively) rather than planning each other's demise. http://thefranchiseking.typepad.com/the_franchise_king/2007/10/top-5-items-in-.html Incidentally, if Barista’s or their lawyer had read Joel’s post on the Top 5 Items in the UFOC at The Franchise King blog, they might be busy spending franchise fees and legal retainers (respectively) rather than planning each other’s demise.

http://thefranchiseking.typepad.com/the_franchise_king/2007/10/top-5-items-in-.html

]]> By: sean http://www.everyjoe.com/articles/want-to-franchise-your-business-do-your-homework-first/comment-page-1/#comment-303275 sean Wed, 24 Oct 2007 21:37:09 +0000 http://www.franchisepick.com/want-to-franchise-your-business-do-your-homework/#comment-303275 <b>Joel Said:</b><i>...Franchising a business is amazingly hard work, and full of risk. but, if it is the right concept, it could be a Home Run…</i> Sometimes a Grand Slam... Pinkberry... $27.5 Million in 2 years... Ulp... [scratches head, needs drink...] I've got a sudden urge to freeze something nasty, sour and half-spoiled, tell everyone Paris Hilton loves it (photochop a few celeb pics), charge $6 bucks a cup and call up Howard at Starbucks. If he doesn't bite, Cold Stone will buy it to co-brand with Cereality or Soup Nazi. Joel Said:…Franchising a business is amazingly hard work, and full of risk. but, if it is the right concept, it could be a Home Run…
Sometimes a Grand Slam… Pinkberry… $27.5 Million in 2 years… Ulp… [scratches head, needs drink...] I’ve got a sudden urge to freeze something nasty, sour and half-spoiled, tell everyone Paris Hilton loves it (photochop a few celeb pics), charge $6 bucks a cup and call up Howard at Starbucks. If he doesn’t bite, Cold Stone will buy it to co-brand with Cereality or Soup Nazi.

]]> By: Joel Libava http://www.everyjoe.com/articles/want-to-franchise-your-business-do-your-homework-first/comment-page-1/#comment-303539 Joel Libava Wed, 24 Oct 2007 18:31:12 +0000 http://www.franchisepick.com/want-to-franchise-your-business-do-your-homework/#comment-303539 Greetings, I get calls all the time from folks who want to "franchise" their business. Whoever thinks they can spend under $100k to do it right, PLUS marketing costs when they finally launch it is well... either naive, or cheap! Franchising a business is amazingly hard work, and full of risk. but, if it is the right concept, it could be a Home Run... Joel Libava The Franchise King Blog Greetings,
I get calls all the time from folks who want to “franchise” their business. Whoever thinks they can spend under $100k to do it right, PLUS marketing costs when they finally launch it is well… either naive, or cheap!
Franchising a business is amazingly hard work, and full of risk. but, if it is the right concept, it could be a Home Run…
Joel Libava
The Franchise King Blog

]]> By: sean http://www.everyjoe.com/articles/want-to-franchise-your-business-do-your-homework-first/comment-page-1/#comment-303579 sean Wed, 24 Oct 2007 15:39:50 +0000 http://www.franchisepick.com/want-to-franchise-your-business-do-your-homework/#comment-303579 Jen: Thanks for your comment. I agree that entrepreneurs tend to rush in boldly and many see what they want to see... They want to believe their local attorney is qualified because he says he is. It's sort of like agreeing to a high risk, life threatening operation without getting a second opinion. Blame ends up being kind of irrelevant when the outcome is this devastating. On the other hand... I've seen people miss huge windows of opportunity because they overanalyzed 'til it closed. But at least spend some time on the franchise blogs so you understand what you're getting in to. Lots of free info to be had. Anyway, welcome Jen Chan, who blogs at http://www.surefirewealth.com/blog/. Check it out. Jen:
Thanks for your comment. I agree that entrepreneurs tend to rush in boldly and many see what they want to see… They want to believe their local attorney is qualified because he says he is. It’s sort of like agreeing to a high risk, life threatening operation without getting a second opinion. Blame ends up being kind of irrelevant when the outcome is this devastating. On the other hand… I’ve seen people miss huge windows of opportunity because they overanalyzed ’til it closed. But at least spend some time on the franchise blogs so you understand what you’re getting in to. Lots of free info to be had.
Anyway, welcome Jen Chan, who blogs at http://www.surefirewealth.com/blog/. Check it out.

]]> By: jen_chan, writer SureFireWealth.com http://www.everyjoe.com/articles/want-to-franchise-your-business-do-your-homework-first/comment-page-1/#comment-303509 jen_chan, writer SureFireWealth.com Wed, 24 Oct 2007 15:06:25 +0000 http://www.franchisepick.com/want-to-franchise-your-business-do-your-homework/#comment-303509 Research is one of the most important first steps one must take before starting something new. Unfortunately, many of us get caught up in the excitement of a new venture or a new opportunity that we dive in head on without really practicing caution. While they could have avoided this mess by doing research, I can't really blame Barista's and Friends either because they did consult with someone in their local law firm. Unluckily, the attorney steered them in the wrong direction. Research is one of the most important first steps one must take before starting something new. Unfortunately, many of us get caught up in the excitement of a new venture or a new opportunity that we dive in head on without really practicing caution. While they could have avoided this mess by doing research, I can’t really blame Barista’s and Friends either because they did consult with someone in their local law firm. Unluckily, the attorney steered them in the wrong direction.

]]> By: Want to Franchise Your Business? Do Your Homework First. at PIGASYS http://www.everyjoe.com/articles/want-to-franchise-your-business-do-your-homework-first/comment-page-1/#comment-303424 Want to Franchise Your Business? Do Your Homework First. at PIGASYS Tue, 23 Oct 2007 23:13:42 +0000 http://www.franchisepick.com/want-to-franchise-your-business-do-your-homework/#comment-303424 [...] Share This [...] [...] Share This [...]

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