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Too Many Lawyers in Franchising Today

Attorneys and Lawyers are ruining the franchise industry. It is too bad too, because franchising represents over 400,000 businesses in our country and accounts for just over one-third of every consumer dollar spent in this country. By over regulating and over lawyering the industry we are weakening our free markets and suffocating our up and coming entrepreneurs.

I remember standing with a group in Las Vegas at the annual IFA meeting at the MGM, where everyone was gathered around Mr. Rosenberg and the attorneys were making comments apropos to franchise law, Bob, just rolled his eyes and threw up his arms in gest; "Oh you guys?" he said, meaning, all these laws and rules have nothing to do with successful franchisees or running a franchise company. He did not do it by laws and rules, he did it by caring, working hard and not giving up. Franchising is a win-win situation. Could he have done what he did then, today?

The reason I ask is that Krispy Kremes, with a never ending supply of capitalization just got creamed themselves recently and now the lawsuits will fly as the dough hits the ceilings, Atkins diets will take hold and people will have less fillings. KKD's CFO leaves the company, insiders tied up in class action lawsuits, what next? Well Krispy Kreme will have parties for Washington DC insiders to slow possibility of any regulatory actions. It's all a game now, so I ask could Duncan Donuts do the same thing today with all this over regulation? Do not be so quick to answer yes, think on it a bit. Think of all the unnecessary disclosure, laws, lawsuits and market forces? If you are an optimist the answer is maybe. If you are a realist, the answer is most likely not. Think about it. Is the Federal Trade Commission willing to get on the same page with reality?

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

In The News:

'Little change' in Zimbabwe since historic election
Sun, 23 Sep 2018 01:18:00 +0100
When Emmerson Mnangagwa pushed long-time friend and fellow revolutionary Robert Mugabe out of the Zimbabwean presidency last year, he promised to deliver far-reaching political and economic reforms to a tired, run-down nation.

My house was burned down because of my views
Thu, 20 Sep 2018 17:13:00 +0100
Zimbabwe's electoral commission denied there was any interference in the country's first elections since Robert Mugabe stood down last year, despite accusations to the contrary.

Demolition of village 'ethnic cleansing', say Palestinians
Fri, 21 Sep 2018 14:38:00 +0100
The Palestinian chief negotiator says the planned demolition of a Bedouin village in the occupied West Bank amounts to "ethnic cleansing".

Sharks killed after Great Barrier Reef attacks
Sun, 23 Sep 2018 04:46:00 +0100
Two sharks have been killed after a woman and a girl were attacked within 24 hours of each other at the same tourist spot in the Great Barrier Reef.

Pirates kidnap 12 crew from Swiss ship off Nigeria
Sat, 22 Sep 2018 21:01:00 +0100
Pirates have kidnapped 12 people from a Swiss merchant vessel off the coast of Nigeria.



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