Unsubstantiated industry statistics

September 19, 2008

Top marks to Jim Coen at Franchise Perfection for bringing up a very important topic.

He posted a great article called Franchise Statistics Debunked Again! on his Let’s Talk Franchising blog and Blue MauMau.

I could not agree with him more: I get really, REALLY irritated when self=serving numbers are thrown around. The unsubstantiated drivel that comes out of the United Kingdom is especially horrendous.

Jim:

These misrepresentations just bug the hell out of me. I first wrote about it back in 2006

Those bogus statistics seemed to go away after that article. Well they are back in full force all over broker websites:

I have never been able to substantiate any of the statistics below or find the study where they came from.

Thanks for Michael for picking it up on his weblog under False Franchising Numbers. It reflects very badly on the listed websites and consumers should vote with their feet.

  • A professional does not knowlingly misrepresent facts. Only deal with pros like Jim and Michael.

Clean up your Act, Please

Franchise Next, Roger Wildermuth, Gloria Warner, Austin, Texas – http://www.franchisenext.com/inner/faq.htm

Global Biz Choice, B. Alan Layne, ? –  http://www.gbizchoice.com/page/page/2765698.htm

Smart Choice Franchises Corp., ?, Philadelphia, PA – http://www.smartchoicefinancial.net/franchise/statistics.html

Stonebridge Business Advisors, Jeff Burridge, Sinking Spring, PA – http://www.stonebridgebusinessadvisors.com/franchising.html

Free Franchise Consultant, Michael Belveduto, ? – http://freefranchiseconsultant.net/FRANCHISE_STATISTICS.html

Franchise Sales Inc., ?, ?: http://franchise-sales-net.com/franchise_facts_and_statistics.asp

Career Potential LLC, Ford R. Myers, PA – http://www.careerpotential.com.yourtempsite.com/articles/franchising-information.html

Franchise Industries LLC, Phil, ? – http://www.franchiseindustries.com/franchise_industries_franchises_for_sale_statistics.html

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