Joel Libava
speaker
6,315 appearances
19 recordings
1 series
first heard Jul 2009
last heard Dec 2009
Joel Libava’s voice in public audio — every appearance, attributed to the second.
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Appearances
I just want to make sure that I am working with what I consider to be the best of the best so I can help folks get into business and they have a shot of making it.
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As we've said before, franchising is not a perfect world, but it
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It's a good world.
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It just has to be more transparent.
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And I hope, I hope that the IFA, which I'm not a member of, I hope they're starting to get it a little bit because out of their 1,200 or so franchisors that belong, the possibility exists just mathematically that there are probably a few bad eggs in there and there are probably a few franchisors that should have never franchised
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their businesses to begin with, and there might even be some franchisors in there that will sell their franchise to folks that are basically breathing and have a couple hundred grand.
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Hopefully the IFA will start being a little more realistic when they do some of their columns, and they will keep people in the know that franchising, although hopefully can reduce one's risk a little bit, that people can still fail.
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And franchisors, you too.
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You know what?
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Maybe you should be a little more careful about who you help get into business.
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I know times have been tough, and getting a $25,000 or $30,000 franchise fee from someone would certainly help in the cash flow department and keep you running.
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But two years from now, is that person that you awarded a franchise to going to turn out to be a big headache because they had to close their doors
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and now you have to disclose it, and someone else's personal lives are not doing good, and it's just kind of an ugly spiral.
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So franchisors, if you have the courage to turn someone down because they are not right for your business model, turn them down.
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Turn them away, just like I do.
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I turn people away all the time.
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I know it sounds crazy, but I do.
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For me...
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It is about doing the right thing.
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I learned that from my late father.
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Showing 2481–2500 of 6,315 · page 125 of 316
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