Comments about ‘Franchise Foundry helping companies to expand’
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I figure if this was actually a news article, it would have talked about other franchise aids, perhaps talked about the downsides of selling a large equity interest to Franchise Foundary, maybe included some independent disinterested-party assessment, etc.
I figure if this was actually a comment worth reading it would have said something insightful or perhaps added something to the conversation rather than merely complain.
What "Nice Ad!" stated is true. The article does not go into the negatives of giving up an equity interest in your business. It also does not discuss any alternatives for new franchisors. Giving up a large equity interest can cost much more to a new franchise company in the long run than paying the costs of speaking with an experienced franchise attorney. It seems like there is also some concern with conflicts of interest in the future. Will the Franchise Foundry take an interest in another frozen yogurt company other than SpoonMe? If so, when they talk to a potential yogurt franchisee, which concept do they sell? Is it the one that they have a greater equity interest in? The article does not discuss these things. If it was a news article it should ask the deeper question.
It's funny to me that people are complaining about the article and the concern of giving up equity. What they fail to see (at least it seems to me) is that Franchise Foundry is actually providing a way for these companies to expand, especially when the credit markets are frozen. I'm guessing these companies would have a very difficult time raising the capital needed to grow right now. That's the nature of our current economy (and probably for the foreseeable future). I also think it's great to see a positive article about companies that are growing, creating jobs, and helping to pull our country out of this recession. It's a refreshing change from all the bailouts, foreclosures and job losses we here about every day.
"Jeff M" and "Nice Critique" came here to see what people were saying about the FREE AD, and are disappointed that we disapprove.
Get over it. The named businesses sound silly, and are knockoffs of WHAT?
Free ads are spam. We hate spam.
It's good public relations and Franchise Foundry probably pays someone to get this kind of stuff. Is it their fault reporters, editors and TV producers are stretched so thin that they resort to things like this to fill their space? No. Would they be dumb to not take advantage of it? Absolutely!
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