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Old August 4, 2000, 03:14 PM
Bob Beckman
 
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Default Re: OK Bob, thanks, now consider this...

> How much is a McDonalds franchise?
> Big bucks, right?

Minimum $800K to a million, last time I looked. Definitely big bucks.

> What kind of a guarantee comes with
> McD...other than the value of the name,
> can't most franchisee's cash out, if it is
> not for them, and recoup their money?

There's an old franchise selling pitch - 95% of FRANCHISES succeed more than five years, while 95% of other small businesses fail during the same period.

Notice it doesn't say say "FRANCHISEES" succeed! Thus, the store and name will make it, but it may go through a few owners first. Whether they cash out, break even or go broke is determined by their business abilities, location, etc., and the popularity of the franchise name. But making bucks is NOT guaranteed. You can't even mention potential earnings in a franchise sales pitch.

> But I do know a man, and I'm trying like the
> dickens to persuade him to MAYBE teach a
> select few people who "deserve"
> it, to come forth with his knowledge.

Based on your recommendation, count me in if it's in my wide-ranging fields of interest and yearnings:-)

> But, Bob, when a man makes more money in a
> day than most people make in 10 years, WHAT
> would be his motivation for subjecting
> himself to anyone who WANTS his knowledge?

> It is hard to come up with a good reason,
> only enticement would be legacy or
> contribution, and he may very well resolve
> those feelings with a substantial
> contribution to his favorite charity...

It is tough. Most of those who sell money-making systems NEED to make money from selling the systems. If this person doesn't care about more money, then I agree that the legacy/charity/ foundation route would seem to be the best - allow the person to perpetuate his knowledge and skills and contribute to the greater good. If it matters to him! It did to the likes of Rockefeller and Carnegie, and in these times to Bill Gates, so there's a good chance this guy also wants to be remembered.

Bob
 


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