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432 Page Franchise Report by the FTC

432 Page Franchise Report by the FTC
Author: Lance Winslow

The Federal Trade Commission is upgrading the franchise law and they have made a report. Recently I have been reviewing the FTC’s franchise rule report page by page. I have was shocked to learn that after commenting on the first two paragraphs in the first page of information directly following the table of contents, it took me 19 pages. I see now the reason for the 432-page report on franchising; the FTC has put forth a 432-page report and used the mass data approach to BS and Baffle potential commenters. It appears to be working. No one wants to bother to read and understand it all. However one franchisor, one entrepreneur sees this for what it is worth. So on to the next paragraph we go, I wonder how many pages it will take to comment on the next line of malarkey?

It appears that our comments at this current rate will be about 10,000 pages of commentary on the Commissions Misguided thought process. An entire University Level course could be taught on the cause and effect of this one report in a masters Econ degree program. If you want to design a good franchising model, you need to step out and look at the bigger picture. Franchising is a world where everything consumers desire is made available to them at fair and reasonable costs, it is the epitome of Capitalism itself. The over regulation trend in the industry where little if any fraud exists signals a run-away effect of Political Correctness and a definite move away from capitalism to something more resembling the “Ayn Rand Effect” which is a place I do not believe the American people wish to go. The government’s number one job is to protect the American People, not hurt them. They trust the Federal Trade Commission and other regulatory agencies to do the right thing, but are being led down a path where soon we will come to the point of no return and the capital will fly to other countries and markets which are better suited for safer ROI and where we the people will not be the beneficiaries.

We must agree that over regulation hurts businesses and consumers and in the end hurts government as there is nothing left to tax. When we read 432-pages of nonsense, we need to light a fire and save some fire wood, not engage in mental masturbation with scoundrels, Lawyers and Utopists (academia) with a bunch of bone heads (bureaucrats) as moderators. Think about it and thanks for listening.

Lance Winslow