Today's news for the franchise & small biz owner

Americans are so, ‘How do you say?’ “American.”

We can’t imagine that any one from any other country wouldn’t skip and whistle their way to adopting all the great things about American society and almost certainly convenient modern things like US fast food.

In eight U.S. states today, franchisees have the right of free association. As a franchisee, these laws allow you to communicate with other franchisees—and form groups—in order to deal with franchisors.

A rising tide lifts all ships: Consumer discretionary stocks are doing well, leading the pack with the highest forward PEs in May, as FactSet reported last week. But for franchisees, the stock price is not the same as free cash flow in the pocket.

The myth that owning a franchise guarantees to lower your cost of doing business due to the synergies of group purchasing that will benefit the entire franchise network is, quite sadly, the most recent addition to the Franchising Hall of Shame.