Comments on: Franchises Are Becoming More Transparent http://smallbiztrends.com/2009/03/franchises-are-becoming-more-transparent.html Exploring the trends driving small business Sat, 26 May 2012 02:28:25 +0000 hourly 1 http://wordpress.org/?v= By: Keri Allred http://smallbiztrends.com/2009/03/franchises-are-becoming-more-transparent.html#comment-682779 Keri Allred Tue, 24 Nov 2009 18:14:03 +0000 http://smallbiztrends.com/?p=11801#comment-682779 No matter how old your posts are, they still seem so applicable. You provide great information. No matter how old your posts are, they still seem so applicable. You provide great information.

]]> By: It’s Franchise Social Media Time! | Small Business Trends http://smallbiztrends.com/2009/03/franchises-are-becoming-more-transparent.html#comment-659990 It’s Franchise Social Media Time! | Small Business Trends Mon, 01 Jun 2009 04:39:39 +0000 http://smallbiztrends.com/?p=11801#comment-659990 [...] I feel that more and more franchisors will join in this social media conversation as time goes on, and it will mesh perfectly with what i discussed here in March: Franchise Transparency [...] [...] I feel that more and more franchisors will join in this social media conversation as time goes on, and it will mesh perfectly with what i discussed here in March: Franchise Transparency [...]

]]> By: Arthur Bland http://smallbiztrends.com/2009/03/franchises-are-becoming-more-transparent.html#comment-656678 Arthur Bland Wed, 25 Mar 2009 13:57:52 +0000 http://smallbiztrends.com/?p=11801#comment-656678 Always welcome Joel! Two thumbs up! ;) Always welcome Joel! Two thumbs up! ;)

]]> By: Joel Libava http://smallbiztrends.com/2009/03/franchises-are-becoming-more-transparent.html#comment-656655 Joel Libava Wed, 25 Mar 2009 02:37:13 +0000 http://smallbiztrends.com/?p=11801#comment-656655 Hi, Thank you for your comments. TJ, great job explaining things in a small town way. ONLY 1,000 people, huh? Good! As for the question about time and technology, I have not seen franchise investment decisions speeding up, because of technology. With this economy, I am seeing more caution, which tends to slow down the process. great question. The Franchise King Joel Libava Hi,
Thank you for your comments. TJ, great job explaining things in a small town way. ONLY 1,000 people, huh?
Good!

As for the question about time and technology, I have not seen franchise investment decisions speeding up, because of technology.

With this economy, I am seeing more caution, which tends to slow down the process. great question.

The Franchise King
Joel Libava

]]> By: Kris Bovay http://smallbiztrends.com/2009/03/franchises-are-becoming-more-transparent.html#comment-656645 Kris Bovay Tue, 24 Mar 2009 23:11:25 +0000 http://smallbiztrends.com/?p=11801#comment-656645 I'd be interested to know if anyone is tracking the time-to-buy a franchise; that is, does the easier/faster access to franchise information result in faster decision making to buy or not to buy? I’d be interested to know if anyone is tracking the time-to-buy a franchise; that is, does the easier/faster access to franchise information result in faster decision making to buy or not to buy?

]]> By: TJ McCue http://smallbiztrends.com/2009/03/franchises-are-becoming-more-transparent.html#comment-656636 TJ McCue Tue, 24 Mar 2009 21:31:09 +0000 http://smallbiztrends.com/?p=11801#comment-656636 Hey Joel, I'm working on a blog piece about transparency and your title here grabbed me. As a culture, many of us used to live in small towns and you could not escape being known. Everyone knew what everyone else did. The web is global, but we're certainly feeling like it is a small town again. Many of us fled those small towns, to the big cities, to gain some sense of privacy and yet we're back to small town phenomena again, no matter where you live. In the web pocket communities, we are known and can be known with just a few clicks. What does this mean for business? I think there's something going on that Chris Anderson pegged a while back, and some others -- 1,000 True Fans is all you need to make a living, earn a livelihood. The Long Tail concept is now at work in terms of transparency. In the effort to be known by your niche community, you become widely available to anyone who wants to learn about you. And in that sense, we are living in small towns again where that Cheers sitcom pegged it -- about everybody knows your name. Our reputations, our integrity, our word are everything. Now if we could just build mechanisms into larger industries that are troubled because of a lack of transparency, we'd be in good shape. Hey Joel, I’m working on a blog piece about transparency and your title here grabbed me. As a culture, many of us used to live in small towns and you could not escape being known. Everyone knew what everyone else did. The web is global, but we’re certainly feeling like it is a small town again. Many of us fled those small towns, to the big cities, to gain some sense of privacy and yet we’re back to small town phenomena again, no matter where you live. In the web pocket communities, we are known and can be known with just a few clicks.

What does this mean for business? I think there’s something going on that Chris Anderson pegged a while back, and some others — 1,000 True Fans is all you need to make a living, earn a livelihood. The Long Tail concept is now at work in terms of transparency. In the effort to be known by your niche community, you become widely available to anyone who wants to learn about you. And in that sense, we are living in small towns again where that Cheers sitcom pegged it — about everybody knows your name.

Our reputations, our integrity, our word are everything. Now if we could just build mechanisms into larger industries that are troubled because of a lack of transparency, we’d be in good shape.

]]> By: GoEverywhere Team http://smallbiztrends.com/2009/03/franchises-are-becoming-more-transparent.html#comment-656633 GoEverywhere Team Tue, 24 Mar 2009 21:16:54 +0000 http://smallbiztrends.com/?p=11801#comment-656633 Everything is becoming more transparent in this day and age. Nothing can escape the transparency when we have powerhouses like Facebook and Twitter looming. And I believe this is a good thing for the vast majority of us out there. If you are a business owner who has been burned by a frustrated customer, then you may not think so. But for most of us, this allows us to get to the heart of the matter very quickly. The one caveat, as you mentioned, is making sure you take the negative feedback with a grain of salt. The negative comments will always FAR outweigh the positives in number and intensity. Everything is becoming more transparent in this day and age. Nothing can escape the transparency when we have powerhouses like Facebook and Twitter looming.

And I believe this is a good thing for the vast majority of us out there. If you are a business owner who has been burned by a frustrated customer, then you may not think so. But for most of us, this allows us to get to the heart of the matter very quickly.

The one caveat, as you mentioned, is making sure you take the negative feedback with a grain of salt. The negative comments will always FAR outweigh the positives in number and intensity.

]]> By: Walt http://smallbiztrends.com/2009/03/franchises-are-becoming-more-transparent.html#comment-656630 Walt Tue, 24 Mar 2009 19:05:26 +0000 http://smallbiztrends.com/?p=11801#comment-656630 For franchisors the message is: you can run but you cannot hide. For franchisors the message is: you can run but you cannot hide.

]]> By: bizsugar.com http://smallbiztrends.com/2009/03/franchises-are-becoming-more-transparent.html#comment-656619 bizsugar.com Tue, 24 Mar 2009 16:49:03 +0000 http://smallbiztrends.com/?p=11801#comment-656619 <strong>Franchises Are Becoming More Transparent...</strong> One lesson that all of us seem to be learning lately, is that nothing stays the same. Entire industries are changing. Here's another news flash: the Internet has changed the franchise industry — big time.... Franchises Are Becoming More Transparent…

One lesson that all of us seem to be learning lately, is that nothing stays the same. Entire industries are changing. Here’s another news flash: the Internet has changed the franchise industry — big time….

]]> By: Amanda http://smallbiztrends.com/2009/03/franchises-are-becoming-more-transparent.html#comment-656613 Amanda Tue, 24 Mar 2009 15:27:38 +0000 http://smallbiztrends.com/?p=11801#comment-656613 This is one of the best things about the internet. Companies really have to take a great interest in their reputation and customer service. They can't hide much of anything these days and that only benefits us as consumers. Instant access to info is a must. Business reps who are not internet savvy will only hurt them in the long run. This is one of the best things about the internet. Companies really have to take a great interest in their reputation and customer service. They can’t hide much of anything these days and that only benefits us as consumers.

Instant access to info is a must. Business reps who are not internet savvy will only hurt them in the long run.

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