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Franchise Fraud : How to Protect Yourself Before and After You Invest

Franchise Fraud : How to Protect Yourself Before and After You Invest

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Product Info Reviews

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Rating: 5 stars
Summary: End the Power Imbalance Now!
Review: If you are considering purchasing a franchise do yourself a massive favor and read this book. The author's main premise is that the contractual bargaining power between a typical franchisor/franchisee is heavily skewed towards the franchisor. This naturally results in a one sided contract in favor of franchisor.

In response to this dramatic power imbalance the author urges franchisees to form a cohesive organization in order to countervail the IFA. This makes a lot of sense to me. Some franchisors are huge MNCs that quite frankly have the government and the law in their backpockets. Franchisees must fight back if they want to truly enjoy the rewards a just relationship can engender.

Rating: 4 stars
Summary: A must read for any potential franchisee
Review: Purvin does a great job in giving detailed description on deceptive practices in the franchising industry. A real eye opener on how a person can be easily burned. The book is dated, but is still very relevant.

Rating: 4 stars
Summary: A must read for any potential franchisee
Review: Purvin does a great job in giving detailed description on deceptive practices in the franchising industry. A real eye opener on how a person can be easily burned. The book is dated, but is still very relevant.

Rating: 5 stars
Summary: Truly outstanding
Review: The most intelligent and well reasoned business book I have read in a long time.

As an aspiring entrepreneur, and like many others, I considered purchasing a franchise as one possible route to business ownership. Not having owned a business previously, I figured this could be a lower risk way to learn about business through the benefit of a pre-existing, "proven" business method. For the price of the franchise, I would enjoy a symbiotic, cooperative relationship with the franchisor, for a cut of my revenues in exchange.

In short, I was prepared to buy into the franchise fraud.

Robert Purvin knows his subject. He spent the better part of his career as an attorney representing franchisors. With so colorful a title, I was expecting a rant against franchises in the broad language of most business books.

I was pleasantly surprised. Mr. Purvin, in summary, details the many ways in which franchisors, well with the law as it currently exists, target and bleed their middle class franchisees. With citation to court cases, government publications, and other authoritative material, the autor picks apart the myth that "95% of franchises are successful". He details the powerful legal and contractual methods through which many franchisors, far from helping and coaching their franchisees, use franchisees' capital to test unproven markets, saturate existing ones and take over the cream of the crop.

Not wanting a single book to shape my opinion, I confirmed with actual franchisees their opinion of the industry. Their complaints read like a checklist from the book. Needless to say, purchasing a franchise has sunk to the lower rungs of my list of opportunities.

Don't get ripped off. Buy this book.

Rating: 5 stars
Summary: They'll hate you for reading this.
Review: This book delivers all that is promised on the cover. Mr. Purvis is the devil's advocate for franchising. Written in clear, standard english, this book will open the eyes of anyone who has touched the franchise sales frenzy currently in vogue. Read the publishers notes/review that are available in this database. THEN BUY THIS BOOK. If you decide you don't need it; "Caveat Emptor".

Rating: 5 stars
Summary: Good Investment
Review: This book identified the qualities of a good franchise. This is a must read -- it is worth the investment in time and money!

Rating: 5 stars
Summary: MUST BUY
Review: This is an excellent franchise book. It is very comprehensive and broad book with a lot of examples. It is written in a clear and easy to understand way. MUST BUY.


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