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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you're guaranteeing your own defeat
If you haven't addressed all of those items that you just listed off.
all of those concerns that that that lender has to use in their calculus
in order to provide you with the money that you want to borrow.
in in terms of uh what franchise stores should do, I mean, how sh you know, I think the real question is how should they align the five Cs with their qualifications from both a a a financial perspective and from a uh uh a profile and and character background perspective.
You know, how how how does one
mesh those together.
What do you think the the the the the the practices that you s you've seen that are that are effective have worked?
Uh and I I think uh uh some takeaways for f the franchise oars uh listening and uh uh and those people charged at those companies with uh securing financing for franchisees
I I think they really need to take to heart some of the the basics that uh that that Bob's talking about in terms of the five Cs and incorporating them into their templated loan packages and and and helping
uh the franchise
E borrower to craft the narrative so that it is
make so that it's easy for the lender to understand the borrower and and and say yes to that loan.
Of course having the right qualifications in terms of of capital and uh and net worth is is important, but when you when you have that recipe for success and then you incorporate uh the the uh these standards because they they're becoming more and more I mean there were standards years ago and and now Bob is telling us these five C's are back, you know, I think just about streamlining, making it easy.
and making sure the story is told correctly.
got uh uh Dina Dwyer Owens, uh next Thursday.
Uh following third thing.
Uh excuse excuse me, the following Thursday, pardon me.
Um and uh we've got uh Steve Caldera on on uh the sixteenth, uh Nancy Weingartner on the twenty third, and we have uh on next Thursday the guest that you arranged for.
Um so I'm at a loss on that one and uh you can tell us who that guest is again.
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