More Rules for Franchising?

The FTC- Mighty Federal Trade Commission has unilaterally decided to change the franchise rule. They changes are sure to hurt American business, Franchisors and the over 400,000 Franchisees in the United States today. These regulatory changes even if mere interpretations and opinion cause events which have unintended consequences. Such changes are rarely forgotten as one simple stroke of a pen by a Federal Trade Commission attorney who does not understand the real world of franchising can wipe out several quarters of profits.

Events such as this prevent capital flow to markets and entrepreneurs from taking risks. Why would a franchisor play in a game of ever changing rules or rules which protect the weakest players so the skills of the strongest are underutilized, under appreciated and thought of as unfair competition. If franchisors leave the arena, so too will the fans, because they vote with their dollars. Minor leagues never attract the same level of fan participation. Likewise to paraphrase Vince Lombardi's most famous quote; the strongest men are attracted to the most challenging game.

If the strongest players, possessing the important characteristics of; will, strength of character, vision, passion, perseverance, commitment, dedication and stick-to-it-ness leave for another industry then fewer people are served. If the game becomes so set in stone and boxed in that new innovation cannot evolve properly then less Americans can own a business of their own. Less goods and services are sold, meaning less job base and thus slower money flow, which will mimic a situation of less money supply. A power as big as franchising in our economy needs encouragement, not more rules. Less rules in this case are appropriate, downsizing of the rules are a key to the bleeding list of franchisors exiting the market place.

We should reduce the rules not the industry. Why are we reducing the franchising industry to dust at a time when our economy is moving to boon from bust? Attacking and diminishing the forward progression of this evolved species, call it: franchisor-kind, means the citizens as a whole get less. The government receives less tax base, the citizens less jobs, prices remain high, there is less choice and the Federal Trade Commission must cut its budget and those employees are no longer needed. Think about it.

"Lance Winslow" - If you have innovative thoughts and unique perspectives, come think with Lance; www.WorldThinkTank.net/wttbbs

In The News:

25 Best Webinar Software Platforms  Small Business Trends
PPP Loan Basics for Small Business Owners  Kiplinger's Personal Finance

Build Your Small Business by Building Relationships

-- The One Pager Shortcut Series --People do business with... Read More

Does Your Company Have a Business Image Manual

Every business regardless of size needs a "Business Image Manual"... Read More

Common Sources of Financing for Small Business

The choice of financing is an important determinant of whether... Read More

Employee Induction - Are you Inducting your People - A Practical How To

In today's fast paced marketplace it is easy to neglect... Read More

Discover How You Can Start Making Your Small Business Dream Come True

As a teenager I worked for my father's small business.... Read More

13 Steps to Protect Yourself from Your Bank

The success of your business is critically dependent on how... Read More

If You Want To Be Remembered...

Send handwritten notes. That applies whether you're a guy or... Read More

Five Facts and One Motivating Factor Behind a Successful Home Business

All legitimate home business entrepreneurs insist and announce loud and... Read More

How to Write a Credit Policy for Your Business

The book, "Become the Squeaky Wheel," by New Hampshire author... Read More

Small Business Essentials: Start Here

Thinking of starting a business on line? If so there... Read More

The Business Autopsy: A Fact Of Life

Last week we discussed the importance of performing an autopsy... Read More

Street Wars Between Mobile Car Washers and Mobile Auto Detailers

There is much competition in the mobile auto detailing business.... Read More

1-2-3 Steps To A Successful Joint Venture

A successful joint venture marketing effort is the goal of... Read More

You Are Invited

Business card size works well for invitations to special events.What... Read More

Truck Wash Business Case Study

Often smart entrepreneurs look for out of the way businesses,... Read More

7 Advantages to Incorporating

There's no question that hard work and a little luck... Read More

Become The Squeaky Wheel and Watch Your Business Skyrocket!

Providing high quality customer service is a must for any... Read More

Two Types Of Business Plan Cover Pages ? Which One Are You Using?

This is the tale of two business plans with very... Read More

How to Promote Yourself to Small Business Riches

You've heard it before; we're living in an information age.... Read More

The Inside-Out Business Plan? -- Your Small Business Plan in 10 Easy Questions

Writing a business plan for your Solo Entrepreneur business doesn't... Read More

Small Business Marketing Secrets: Look Like Sizzle, Be The Steak

You've heard marketing and advertising gurus quip, "Sell the sizzle,... Read More

6 Steps to a Successful Medical Spa Expansion

According to the American Society for Aesthetic Plastic Surgery, since... Read More

Small Business Newsletter Dilemma: Which Day Do I Send?

If you're just ramping up your small business email newsletter,... Read More

Is Your Small Business Name Important?

You bet a name is important. Many small business owners... Read More

Bad Regulators Cost Small Businesses

When a regulator finds a target to go after to... Read More