Joe Caruso

speaker

4,639 appearances 52 recordings 1 series first heard May 2010 last heard Oct 2012

Joe Caruso’s voice in public audio — every appearance, attributed to the second.

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Franchise Today · Franchise Finance 2012 - Version 3.0 - [REPLAY] · 7 Jun 2012 podcast

The other thing that a lot of franchise owners are loath to do voice-verified

is to terminate a development agreement when the development objectives haven't been met. voice-verified

Uh and I think the uh the the profitability aspect is certainly um front and center in reasons why they're not met. voice-verified

And also the qualifications and and and from a financial standpoint of the people that they're ent entering into the development agreement with. voice-verified

Those franchisees may not have really had the requisite capital to fund that development agreement. voice-verified

So right sizing your development objectives with the voice-verified

operational and financial capabilities of franchisees, in my mind would seem imperative, but uh certain people seem to lose sight of that. voice-verified

Well, version three point oh, you know, we've been, you know, three years voice-verified

three years plus into the uh uh our Great Recession and uh this is the third time that Ron's been on our show. voice-verified

So uh to talk about this this same subject and uh and we dive deeper and each time he's on and uh uh and there's always new news on the forefront. voice-verified

I mean uh uh you compare uh our show one point oh, if you will voice-verified

with today's show and uh there's a stark contrast to what the lending environment uh was back then and and is today. voice-verified

So that's how I came up with the uh with the three point oh. voice-verified

Lauren, do you think that's the that's the case? voice-verified

Well, you know, in in in voice-verified

Ron brings up an interesting point about voice-verified

common sense and and franchise oars and and there is no test. voice-verified

for a franchise or to go out and take before they create a franchise disclosure document in a franchise agreement and begin to sell. voice-verified

Um there are some states that have some some requirements but it's mostly financial. voice-verified

Um and voice-verified

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