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No. No. I'm asking you about the small businesses you specifically mentioned. What businesses are you talking about?
by codyswann 5y ago
No. No. I'm asking you about the small businesses you specifically mentioned. What businesses are you talking about?
- lotsofpulp 5y agoThose are the small businesses. Dunkin Donuts, convenience stores, 7 elevens, motel 6s, holiday inn expresses, subway, jimmy johns. They are all franchised to individual owners or a small group of partners and usually have 5 to 25 employees or so at most. In these businesses, being a "manager" simply means being the fall guy for the owners and the on call person. Many times it is the owner themselves, but over the years, they can move themselves up. I saw that happen much more years ago though, new entrants do not seem to be able to move up.
- codyswann 5y agoAnd these owners all told you how they manage their franchises?
- lotsofpulp 5y agoNot all of them, but I believe it to be a significant fraction, if not most of them. It is basically part of the franchise business model, and quite frankly, if they did not do business the way they did, then they would lose business to their competitors due to pricing too high.