Comments on: Will The Franchise Industry Need A Bailout? http://smallbiztrends.com/2008/11/will-the-franchise-industry-need-a-bailout.html Exploring the trends driving small business Sat, 26 May 2012 02:28:25 +0000 hourly 1 http://wordpress.org/?v= By: Jan http://smallbiztrends.com/2008/11/will-the-franchise-industry-need-a-bailout.html#comment-648574 Jan Sat, 29 Nov 2008 15:30:26 +0000 http://www.smallbiztrends.com/?p=5609#comment-648574 Martin, i'll check it out. Thanks! Martin, i’ll check it out. Thanks!

]]> By: Martin Lindeskog http://smallbiztrends.com/2008/11/will-the-franchise-industry-need-a-bailout.html#comment-648309 Martin Lindeskog Fri, 28 Nov 2008 23:56:43 +0000 http://www.smallbiztrends.com/?p=5609#comment-648309 Jan: More power to you! I am glad to see that you could find other Americans in spirit. Check out the cartoon, Rescue Me, by Cox & Forkum: http://adjix.com/i3by I recommend you to read the book, Capitalism: The Unknown Ideal. Best Premises, Martin Lindeskog - American in Spirit. Gothenburg, Sweden. P.S. I will sign up for a Paymo account. I could use it for my freelance and consulting work. P.S. II. For a philosophic answer to the financial crisis, read my post, Time to Go on Strike? (Click on "Martin Lindeskog" Says:) Jan: More power to you! I am glad to see that you could find other Americans in spirit. Check out the cartoon, Rescue Me, by Cox & Forkum: http://adjix.com/i3by
I recommend you to read the book, Capitalism: The Unknown Ideal.

Best Premises,

Martin Lindeskog – American in Spirit.
Gothenburg, Sweden.

P.S. I will sign up for a Paymo account. I could use it for my freelance and consulting work.

P.S. II. For a philosophic answer to the financial crisis, read my post, Time to Go on Strike? (Click on “Martin Lindeskog” Says:)

]]> By: Jan http://smallbiztrends.com/2008/11/will-the-franchise-industry-need-a-bailout.html#comment-648260 Jan Fri, 28 Nov 2008 19:36:03 +0000 http://www.smallbiztrends.com/?p=5609#comment-648260 I'd like to add this: http://www.youtube.com/watch?v=mBVC3H8Pgc4 - Jim Rogers Bloomberg 24 October 2008. I think it's worth to have a look. I’d like to add this: http://www.youtube.com/watch?v=mBVC3H8Pgc4 – Jim Rogers Bloomberg 24 October 2008. I think it’s worth to have a look.

]]> By: Jan http://smallbiztrends.com/2008/11/will-the-franchise-industry-need-a-bailout.html#comment-648259 Jan Fri, 28 Nov 2008 19:26:09 +0000 http://www.smallbiztrends.com/?p=5609#comment-648259 Anita / Joel, i can see the temptation in thinking if the money is out there why not get a piece of it. From my economic understanding, the people who actually get the money first should benefit from this a lot, because they can use it while prices are not affected by the inflation that all this new "injected" money will cause once it enters the real economy. Your FED can keep printing dollars forever if they want and hand it out to everyone, but at some point there will be so many dollars on the market that they will keep loosing their value (this ofcourse this scheme will work as long the rest of the world will require $, bad news beeing that eventually the world might be dumping them because they are not backed by anything). I live in Romania, a country that did the same thing in the 90's, where we had huge inflation and we kept printing money to support huge industrial structures that were not profitable, structures that had millions of employees. The huge frustration comes from the productive part of the economy that has to support all these other unproductive folks :). All this while the US through their ambasadors and the IMF were highly critical of these socialist (almost communist) actions taken by our government at that time (romania was a communist country until 1989). We fast forward 10-15 years and now we see the same kind of attitude accros the ocean. A total inversion of atitude in such a short span of time is simply unbelivable to me, someone who thought what the americans preaching in the '90s was correct. Anita / Joel, i can see the temptation in thinking if the money is out there why not get a piece of it. From my economic understanding, the people who actually get the money first should benefit from this a lot, because they can use it while prices are not affected by the inflation that all this new “injected” money will cause once it enters the real economy. Your FED can keep printing dollars forever if they want and hand it out to everyone, but at some point there will be so many dollars on the market that they will keep loosing their value (this ofcourse this scheme will work as long the rest of the world will require $, bad news beeing that eventually the world might be dumping them because they are not backed by anything).

I live in Romania, a country that did the same thing in the 90′s, where we had huge inflation and we kept printing money to support huge industrial structures that were not profitable, structures that had millions of employees. The huge frustration comes from the productive part of the economy that has to support all these other unproductive folks :) . All this while the US through their ambasadors and the IMF were highly critical of these socialist (almost communist) actions taken by our government at that time (romania was a communist country until 1989). We fast forward 10-15 years and now we see the same kind of attitude accros the ocean. A total inversion of atitude in such a short span of time is simply unbelivable to me, someone who thought what the americans preaching in the ’90s was correct.

]]> By: Joel Libava http://smallbiztrends.com/2008/11/will-the-franchise-industry-need-a-bailout.html#comment-648250 Joel Libava Fri, 28 Nov 2008 17:26:22 +0000 http://www.smallbiztrends.com/?p=5609#comment-648250 Anita, Thanx for that. If the Gov't tries to bailout every industry that is hurting, then we will all eventually have to pay for it. It can easily get out of hand! Joel Libava Anita,
Thanx for that. If the Gov’t tries to bailout every industry that is hurting, then we will all eventually have to pay for it. It can easily get out of hand!
Joel Libava

]]> By: Anita Campbell http://smallbiztrends.com/2008/11/will-the-franchise-industry-need-a-bailout.html#comment-648249 Anita Campbell Fri, 28 Nov 2008 17:00:58 +0000 http://www.smallbiztrends.com/?p=5609#comment-648249 Hi Jan, well, I think Joel is torn between being funny and being serious. :) That's why the post reads both ways, as you rightly point out. The thing is, with "Billions of taxpayer dollars ... floating around, waiting for good homes" everybody wants a hand out these days. And that brings up a good point about the nature of the entire bailout. It just seems to keep expanding, and it encourages every other industry to step up and ask for money. However, there just isn't enough money to go around. We'll all end up working just to pay taxes so someone else can be given a handout, instead of promoting responsibility for being smart business people ourselves. It's aggravating when some of these industries that have not been run well beg for money. I don't get money from anyone. If I don't make a profit, I'm out of luck. And so are my staff. And the same goes for every small business. I was in support of the initial bailout because I thought we needed our entire financial system to be protected due to the unique role of the financial system as the foundation for our economy. But now with the auto industry and some other industries making noise about needing money, it's getting ridiculous. I hope at least that if Congress passes some bill to help out the auto industry, they put strict requirements on that industry to pare down expenses and make wiser decisions going forward. And the unions need to step up to the plate, too, and address things like the Job Bank that pays people to not work. We're all in this together, so everyone needs to sacrifice if we are going to solve the problems. I sure don't want to be the pawn that has to foot the bill for everyone else's poor management and "gimme gimme" attitude. Best, Anita Hi Jan, well, I think Joel is torn between being funny and being serious. :)

That’s why the post reads both ways, as you rightly point out.

The thing is, with “Billions of taxpayer dollars … floating around, waiting for good homes” everybody wants a hand out these days. And that brings up a good point about the nature of the entire bailout. It just seems to keep expanding, and it encourages every other industry to step up and ask for money.

However, there just isn’t enough money to go around. We’ll all end up working just to pay taxes so someone else can be given a handout, instead of promoting responsibility for being smart business people ourselves.

It’s aggravating when some of these industries that have not been run well beg for money. I don’t get money from anyone. If I don’t make a profit, I’m out of luck. And so are my staff. And the same goes for every small business.

I was in support of the initial bailout because I thought we needed our entire financial system to be protected due to the unique role of the financial system as the foundation for our economy.

But now with the auto industry and some other industries making noise about needing money, it’s getting ridiculous. I hope at least that if Congress passes some bill to help out the auto industry, they put strict requirements on that industry to pare down expenses and make wiser decisions going forward. And the unions need to step up to the plate, too, and address things like the Job Bank that pays people to not work.

We’re all in this together, so everyone needs to sacrifice if we are going to solve the problems. I sure don’t want to be the pawn that has to foot the bill for everyone else’s poor management and “gimme gimme” attitude.

Best,
Anita

]]> By: Rose Anderson http://smallbiztrends.com/2008/11/will-the-franchise-industry-need-a-bailout.html#comment-648247 Rose Anderson Fri, 28 Nov 2008 16:49:37 +0000 http://www.smallbiztrends.com/?p=5609#comment-648247 Earl, you've got your point because if we do this -- franchisees wont bother that much in succeeding their franchise venture because they can actually get a bailout later. Earl, you’ve got your point because if we do this — franchisees wont bother that much in succeeding their franchise venture because they can actually get a bailout later.

]]> By: Joel Libava http://smallbiztrends.com/2008/11/will-the-franchise-industry-need-a-bailout.html#comment-648241 Joel Libava Fri, 28 Nov 2008 16:29:24 +0000 http://www.smallbiztrends.com/?p=5609#comment-648241 Earl, I actually agree with you, 100%. If one wants to invest in a franchise, or any other type of business, one does have to assume the risk. Heck, the banks assumed some risk when they allowed folks with marginal credit to purchase homes. I guess one could also say that the "Big Three" took some risk when they decided to forego basic accounting principles, and say to themselves, "We know that hundreds of thousands of our workers will be retiring someday, and will need the benefits that were promised. We'll just have to figure things out when they actually do retire." My point was that if the banks and the domestic automakers can get a bailout for their blunders, why can't the franchise industry get some cash, too? Joel Libava Earl,
I actually agree with you, 100%. If one wants to invest in a franchise, or any other type of business, one does have to assume the risk. Heck, the banks assumed some risk when they allowed folks with marginal credit to purchase homes. I guess one could also say that the “Big Three” took some risk when they decided to forego basic accounting principles, and say to themselves, “We know that hundreds of thousands of our workers will be retiring someday, and will need the benefits that were promised. We’ll just have to figure things out when they actually do retire.”

My point was that if the banks and the domestic automakers can get a bailout for their blunders, why can’t the franchise industry get some cash, too?

Joel Libava

]]> By: Jan http://smallbiztrends.com/2008/11/will-the-franchise-industry-need-a-bailout.html#comment-648226 Jan Fri, 28 Nov 2008 14:10:10 +0000 http://www.smallbiztrends.com/?p=5609#comment-648226 Anita, although i'm not a native speaker i did get the facetious aspect of the article, however the statement "No one seems to have all of the answers right now" says that it might be a possibility that bailing out is maybe a good thing? :) think not. Anita, although i’m not a native speaker i did get the facetious aspect of the article, however the statement “No one seems to have all of the answers right now” says that it might be a possibility that bailing out is maybe a good thing? :) think not.

]]> By: Anita Campbell http://smallbiztrends.com/2008/11/will-the-franchise-industry-need-a-bailout.html#comment-648225 Anita Campbell Fri, 28 Nov 2008 14:02:58 +0000 http://www.smallbiztrends.com/?p=5609#comment-648225 Hi Earl, I think lots of people agree with you. And I think Joel was being half facetious in this article, too. :) Anita Hi Earl, I think lots of people agree with you. And I think Joel was being half facetious in this article, too. :)

Anita

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