The Franchising Scheme
Being your own boss with the help of a franchise business is a excellent way to make money for the people selling the franchises.
Welcome to the podcast Organized Money. You can listen to today’s episode on Apple on Spotify, or wherever you get your podcasts.
Kay Sharaf started a Kitchen Tune-Up franchise business to provide for her family. Five years later, it has nearly bankrupted her, and she’s fighting back. Today on the show, Kay and Keith Miller of Franchise Advocacy Consulting (who is also a Subway franchise owner), are here to discuss the wild world of franchising.
Franchise businesses run the gamut from serious, healthy businesses where local and national branches can coexist, to schemes designed to extract money from the franchisee, to the benefit of the franchiser and other middlemen. Kay and Keith help illuminate this underknown corner of the business world, which is often shrouded in arbitration, NDAs, and non-disparagement clauses. Finally, we discuss the regulatory steps we need to make franchising more equitable.
Check out Kay’s youtube channel, and read David’s reporting on franchising in The American Prospect.
Listen via Apple or Spotify, or wherever you get your podcasts.
We also provide transcripts and video for every episode. Here is last week’s episode.
Thank you so much for listening. If there’s a monopoly you’d like us to explore this year, or if you have anything else to tell us, please let us know by leaving a comment or by responding directly to this emFranchisail.