Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.
+1 212 318 2000
Europe, Middle East, & Africa
+44 20 7330 7500
+65 6212 1000
Ever since Ray Kroc flipped his first hamburger and launched what eventually became the McDonald’s (
Today, thanks largely to the Internet, franchise opportunities have exploded in number; you can choose from more than 3,500 offerings. But it’s still largely a "buyer beware" business, despite the involvement of government regulators, trade associations, more than 1,600 franchise attorneys, and thousands of franchise "consultants."
"It’s incumbent upon the buyer to know what they’re getting into, yet very few people understand what’s happening and tons of lives have been ruined through bad investments," says Nick Bibby, who heads the Bibby Group, a franchise consulting firm in Shreveport, La., He also writes on the subject for AllBusiness.com.
Click here to read the full AllBusiness.com story.
Want to improve the way you run your business? Entrepreneurs, academics, and consultants from diverse industries offer practical advice on a variety of topics each business day.
To submit a tip for consideration, first check our archive of previous tips to make sure you're not repeating a tip someone has already contributed. Then send the tip to Small Business channel contributor Michelle Dammon Loyalka. Because of the volume of material she receives, she may not respond to each individual.