Senator Catherine Cortez Masto (NV) has once again supported protections for franchisees by sending a letter to the Federal Trade Commission expressing her concerns with disclosure and franchisor behavior in light of the Covid-19 pandemic. The press release and letter can be found here.
On November 18, 2019, Keith Miller testified at an information hearing at the Oregon Capitol on the franchise industry, held by the House Interim Committee On Business and Labor. The entire hearing can be seen here. Mr. Miller’s section starts at 6:00. This is an example of testimony and education needed in every state, including […]
Despite Churn, Franchises Continue to Sell Once again, I am reporting on the very high churn rate for Dickey’s BBQ, yet the brand continues to sell a high number of franchises. Why? Do prospective franchisees not understand the numbers in the Franchise Disclosure Document? And, why is the government continuing to guarantee loans to a […]
Today, July 31, 2019, Senator Cortez Masto (NV) introduced S.2383, The Small Business Administration Franchise Loan Transparency Act of 2019. MFOA would like to personally thank the Senator and her staff for their efforts to protect franchisee interests. You can read her press release here. For Keith Miller’s testimony in advance of this legislation being […]
On March 17, 2019, Keith Miller, Principal, Franchisee Advocacy Consulting, testified at the United States Senate Banking, Subcommittee on Economic Policy hearing titled, “Economic Mobility: Is the American Dream in Crisis?” Mr. Miller discussed some of the obstacles in franchising that hamper the efforts to realize the American Dream, concentrating on the lack of financial […]
The franchise industry is unique in so many ways, but that is not always good. For most, buying a franchise, next to buying their home, is the biggest investment they will make. Unlike all other investments they make, they risk everything in buying a franchise, every asset they own, and then some. You ask, how […]