Rick Kimsey, a twenty year veteran of the wireless telephone industry, decided he wanted to leave the increasingly competitive market of cell phones and invest where the grass looks greener - health care.
Back in the mid-1970’s, Patels from Africa and Asia began to emigrate to the United States where any immigrant willing to invest $40,000 in a business could apply for permanent residence, the first step to citizenship. There were limited opportunities for such investments.
Within the next 15 years we will see dramatic changes in the franchising business. Today the business is saturated with “me too” so-called concepts that lack adequate business model legs to survive even at marginal profitability through the life span of their franchise agreements. Their FDDs are fiction and fantasy, and those who buy them lack relevant sophistication for small business investment (to put it mildly).
LONG ISLAND, N.Y. — Ed Texeira, founder of a consulting firm and the publisher of the online site Franchise Know How, has just released his newest book, the Franchise Buyer’s Manual. His primer provides advice for prospective and existing franchisees. 10:22 minutes (4.15 MB)