Paperback: 260 pages
Publisher: Entrepreneur Press; 1 edition (August 1, 2008)
Language: English
ISBN-10: 1599181894
ISBN-13: 978-1599181899
Product Dimensions: 6 x 0.5 x 9 inches
Shipping Weight: 11.2 ounces (View shipping rates and policies)
Average Customer Review: 3.5 out of 5 stars See all reviews (13 customer reviews)
Best Sellers Rank: #966,767 in Books (See Top 100 in Books) #63 in Books > Business & Money > Small Business & Entrepreneurship > Franchises #661 in Books > Business & Money > Small Business & Entrepreneurship > Marketing #742 in Books > Business & Money > Industries > Retailing
Like the author, I am a franchise attorney with over 30 years experience exclusively in franchising, but that's where our similarity ends. I also have an MBA, have owned a successful franchise before, and am a testifying, international franchise expert, author and instructor, known in the industry as Mr. Franchise. Rather than delve into a review that could be as long as this book, let me just address a couple top level business issues that I found very troubling. In addition to the other gross inconsistency mentioned by another reviewer (back cover says "franchise a concept for less than $100k vs. page 10 says you need $100k to $150k - and this is just for starters), there are more serious problems:(1) There is no actual budget for specific items; just general statements, like "you will need between $100k and $150k to .... hire a franchise attorney .... and an experienced franchise consulting firm..." How much is needed for various categories like the franchise attorney, the franchise consulting firm, advertising and marketing costs, etc. are not detailed, except for a one liner later in the book that it takes $10k to $20k to launch a website (and how this is broken down is anyone's guess).(2) Nor is it a good idea to hire a franchise consulting firm to write the operations manual as the author recommends. This produces a very mediocre, boilerplate document that is not only expensive but also filled with legal risk. See the article about this on the Franchise Foundations website on the Operations Manual page, based on my experience as a testifying franchise expert and having personally written and edited hundreds of operations manuals.
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