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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Appearances
And you don't
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Especially when you talk about Lane, who's an advocate for FBRs, and the guy really knows how to put them together.
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And some franchisor can go to him and say, I can't do an FBR.
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And by golly, he will figure out a way for you to be able to demonstrate profitability of your brand.
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Now, the concept has to be proven.
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I mean, he can't sew a purse out of a sow's ear, but certainly he's a great advocate of FPRs, and he's a practitioner of being able to get them done.
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Absolutely.
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And you really have to do more.
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I'll just add what Ron just said.
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Franchisors who are not getting good reporting from their franchisees, who are not getting –
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P&Ls from top to bottom to know how profitable their franchise is, what their debt service is.
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Make sure that they've captured all their debt in terms of if they've got a loan from a bank, but they also did a home equity line of credit.
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Make sure you know where they are and if their EBITDA is covering their expenses.
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I know of way too many franchisors that are not collecting that data, and the excuses are myriad, but I don't think there's a good excuse.
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and it's a great place to start and will help improve their system and improve the growth of their franchisees and the ability to get credit.
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Hey Paul, great to be on the show again.
We have a terrific guest, uh uh wrote a great book, Money, Money Everywhere, uh, but on a not a drop for Main Street and it's gonna be uh uh on a a topic today that uh is near and dear to franchise ours and franchisees and how do they get more stores built, how do they get more units open and where do they get the money?
Well, we we're gonna have a really, really interesting show on the ninth.
with Dina Dwyer Owens.
who was just on undercover boss this past week.
Showing 1341–1360 of 4,639 · page 68 of 232
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