Due Diligence

when the very thinly capitalized buy cheaper franchises without availing themselves of competent pre investment due diligence.

The reasons for this include that franchise opportunities addressed to the thinly capitalized are more likely to be scams than those addressed to the well heeled.

Being less than wealthy is not a reason respectable in law or logic for being negligent with risks assumption.

If a marginal franchise investor can avoid a scam for just a few thousand dollars, and in so doing also become more knowledgeable regarding how to do it without a franchise (as most of the lower initial cost franchises are more easily done with a little self help and nothing more - think, for example something like Party Pump Up, 1-800-Got Junk, and any dog poop cleaning deal or yard maintenance deal), then he gets even more bang for his buck in the competent due diligence approach.

There is no case to be made for low cap franchisees not being pushed into spending the money for good killer due diligence. I have shown dozens of low cap candidates how to do the same business they were looking at without having to buy a franchise. Just about all of them are still in business and enjoying much more success than they ever could have by buying the deal they walked in with.

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Richard Solomon, FranchiseRemedies.com,  has over 45 years experience with franchise litigation and crisis management. He is a graduate of The Citadel and The University of Michigan Law School

Openfran.org is a new/free option to obtain initial research information from disclosure documents without the need to directly contact the franchisor or attend a discovery day.

Locating and utilizing an experienced due diligence professional is key to making the correct decision.

Susan MaiznerExecutive Director, The Open Franchise Foundation

"Are you part of the OpenFran Revolution?"

p: 480-264-0050e: info@openfran.orgw: http://www.openfran.org

have devised the perfect cure for franchise investors/FranWads. It is killer due diligence.

It's not our fault that FranWads won't pay a few thou for that, and would rather risk everything they have in the world on some cheap bozo nonsense hoax due diligence called - have a lawer read the FDD.

For a few thou they can avoid the bad risk investments and not go bankrupt. But we aint their baby sitters. If they want to shoot craps with everything they have in the world they have the perfect right to do so.

All these folks in here who got robbed didn't have to be in the fix they are in. BUT THINK OF THE LEGAL FEES THEY SAVED!

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Richard Solomon, FranchiseRemedies.com,  has over 45 years experience with franchise litigation and crisis management. He is a graduate of The Citadel and The University of Michigan Law School

It was written:

Do we reconcile these disasters with broad statements of ‘buyer beware'?

and

Contract Law is the game that franchise scams hide behind and if the Law allows it then the Law and/or the processes to achieve justice are deficient.

My reply:

Yes we do reconcile it with buyer beware - period. The law cannot provide justice, it never has, nor can it protect you. All the law can do it attempt to rectify problems after they occur, and you will never be made whole in terms of time, energy, and emotional damage. Ask anyone who has lost a family member, ask anyone who has lost their life's fortune if they felt justice was served by whatever sentence or punitive assessment was imposed on their transgressor.

If you want justice, you can hire it out in any major city for a nominal fee. If people bring hurt to you and your family justice dictates you bring equal anguish to them and theirs. Court rooms and law does not do that, so throw the fantasy of justice out the window. Once you get over that childish notion you are left with the function of law, which is simply the rules we abide by.

When you get beyond the idea that the law is there to protect you and administer justice you can enter the world of adults.

When you leave your home, assume you will be physically assaulted. If it occurs it will not be in the presence of a law enforcement official; so be prepared. When you are in your home you should assume that someone will forcefully enter it intending harm to your family, you should be prepared. You should assume that every one entering your domain means you and yours harm.

In every business dealing, assume the man across from you is out to get whatever he can, by whatever means he can - period.

Assume your Representative in Congress is looking out for his own interest, and you will seldom be disappointed. Assume you priest/pastor/minister/guru is a sinner, you will seldom be disappointed.

Now you might think that is a cynical view but be prepared to be delighted. When you are prepared you will constantly be pleasantly surprised and delighted with all the warm hearted, honest, open, caring individuals you meet every single day. You will delight when you do business on a handshake and it works out the way it was suppose to. However if not, you know you did business on a hand shake because you knew the person's background, you know his vices, you know where he goes, who he associates with, his strengths, his weaknesses, and the reason you don't need but a handshake is you are convinced you can force him to comply with the agreed to terms utilizing that knowledge.

You do not need Government trying to protect you - they cannot. Get over the silly notion they can. You don't need them either. Stand on your own, be strong, and every single thing you do assess the risk it brings to your family; mitigate risks to your family - be a man.

And if you are a woman, find a man and free him to act with one without feminizing him with this liberal feminist B.S. , as a woman and if you can't figure out how to properly incentive a man to act like a man you are already beyond help.

Cripes folks, it is not that hard.

FuwaFuwaUsagi

"Never underestimate the power of stupid people in large numbers."