They needed our help now the world’s poor needs theirs.
You can do it online at RECOL.ca:
Reporting Economic Crime Online (RECOL) is an initiative that involves an integrated partnership between International, Federal and Provincial Law Enforcement agencies, as well as, with regulators and private commercial organizations that have a legitimate investigative interest in receiving a copy of complaints of economic crime.
A few of my clients have done it to interesting outcomes.
It’s completely confidential, free and is like getting a PhD in how corporate Canada really works. In my experience, coppers know how franchising’s absolute power corrupts absolutely.
Sunlight is said to be the best of disinfectants.
Other People’s Money—and How Bankers Use It, Louis Brandeis 1856 – 1941
Criminal investigations of publicly-traded franchise systems (especially those operating in a near-monopoly) are by their nature, a just pursuit.
All you have to do is sign in.
Maintiens le droit –Defending the Law
People talk about injustice in franchising.
How many people do something innovative to change it?
Alexi Dymovsky uses YouTube to apply pressure to solve police corruption in Russia.
Russia’s whistleblower cop is a YouTube sensation, Miriam Elder, Global Post
WikiFranchise was created for the study franchise investments; to try to reduce failures through understanding. I jabber on about fleeting things here on FranchiseFool but WikiFranchise is what I’ve been up to this last decade or so.
Medicine advanced through the study of human and mammal physiology.
Pathology is a medical specialty which:
is the study and diagnosis of disease through examination of organs, tissues, bodily fluids, and whole bodies (autopsies).
Without studying many separate cases, very little independent information can be gathered to avoid future business failures. Patterns start to emerge and new discoveries can happen.
I worked in in both provincial psychiatric and acute care teaching hospitals in my career. I came to appreciate the value of classification, persistence and doing what you can to advance science in the service of people. I think the effect franchising has on families makes this work worthy. Not easy work, but necessary at least as a way of remembering.
As often happens in surveys, patterns emerged. I chose to categorize risky behavior (from an investor’s point of view) by describing them as best I could. John was a great help and remains as a good friend.
While some of the the stories are not very pretty and could be viewed as negative, I think it’s better to know the possible business risks you’re facing before you sign control of your life savings away as a mom-and-pop franchise investor.
Where WikiFranchise goes from here will depend on what others think.
Watched a documentary last night on WNED-TV, the PBS affiliate out of Buffalo, New York.
Perhaps the most famous image is the Mandelbrot set, pictured here.
The thing that I took away from his story is that one person persisted from the margins when the mathematics academic establishment considered it all nonsense work.
That secret order in seeming disorder.
That the natural world is infinitely and perfectly scalable (repeating with +ve or -ve magnification) is, well, almost unbelievable.
The idea that the seemingly random could be put into order is very appealing to me.
God knows the number of epiphanies I’ve had trying to make sense of franchising.
Oh I get the idea alright.
Selling enough of a service or good for more than it cost you to more than cover your fixed costs.
Understand that mechanism quite well and have been doing it since delivering papers.
I guess I’m just more of a democrat than a capitalist.
Abraham Lincoln had a twisty path (including business failure and bankruptcy), it seems. The U.S. 16th president also said:
The shepherd drives the wolf from the sheep’s for which the sheep thanks the shepherd as his liberator, while the wolf denounces him for the same act as the destroyer of liberty. Plainly, the sheep and the wolf are not agreed upon a definition of liberty.
It is simply a perspective. But every viewpoint is either life-giving or life-taking.
The effect of having lived you life is often the sum of the decisions you make.
There may be ways to round some corners but, my experience shows, everything pretty well evens out.
Whenever you hear that…
…be assured, You are in the presence of a known deciever.
Franchising and marriage are almost the exact polar opposite. But if you need to learn this for yourself, make sure your real spouse NEVER signs any paperwork.
You’ll need her help more than you can ever imagine.
Very nice meeting.
We all agreed on one thing:
Everyone needs a group to work on their behalf and +90% of all association work is not in conflict with the franchisor.
Any less is a license for failure.
As a franchisee, you’re “all in” already, even the highest volume “company man” guy.
It’s much better to be in the bus helping drive rather than free riding in the back.
But be prepared to ante up at the start and all the way along.
Funding franchisee groups is for adults: not for children.
Expect to pay in two ways:
Budget to pay $2,000 per store, minimum.
This investment will build a rainy day reserve of $500,000 and an annual operating budget of close to $1 million dollars within 3 years. Depending on the franchisor aggressiveness, a higher levy might be required to to build the reserve higher, faster.
If your franchise cannot afford this insurance premium, get out. It’s not a business, it’s a hobby.
You have a winning hand if you’re shrewd enough to survive the bidding.