Michael Webster

speaker
3,562 appearances 7 recordings 1 series first heard Apr 2010 last heard May 2012

Michael Webster’s voice in public audio — every appearance, attributed to the second.

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These are all things that the franchise owner wants to have a hand in.
But really doesn't want to be controlling in any significant way.
And I know another uh platform that Joe and I are both very keen on seeing more
Um
franchisors and franchisees work on is a you know a common accounting.
uh platform to give people the necessary um
uh benchmarks.
and reporting, um, you know, for many, many franchise owners.
They they have in their contract
you know, uh a requirement about PL uh profit and loss statements.
You know, if they don't get 'em and they get the royalties.
They don't complain.
Well, that's v you know, that's crazy.
Th first of all, that's extremely valuable information.
that at a collective level
uh you want
to get.
If you look at what many of the uh auto dealers have done over the years,
they've pooled their uh um financial data with other dealers who aren't competitors.
So they're in the same dealer network, not in the same ge geographical region, but then they get good benchmarks and understand
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