![Quote](https://www.scrapmetalforum.com/images/misc/quote_icon.png)
Originally Posted by
Tcgs
You realize, I am doing this with zero money down, Im on the slow road. A huge investment would be great but I don't have half a Million to start out. I have a friend in AZ that's running one office, and I am up in Denver doing this one.
Scott, your a hater. Quit degrading what I am doing, concentrate on your own stuff. Figure it out on YOUR OWN.
I'm not a hater at all. I am trying to figure this all out because it honestly doesn't make any sense at all. You are telling people one thing, claiming you started totally different, dropping names as if these are people you know when it really seems you were looking to purchase a franchise, and spoke with the founder about it and he inspired you to create your own franchise. I'm really not sure about anything, this is the reason why I am asking so many questions. I am very very curious about starting my own franchise, this is a subject near and dear to me future plans. I am not trying to degrade you, nor am I hating you. I didn't like the way you stated certain things in your initial post, but this subject I am honestly very interested in.
But it seems the more questions I ask, honest questions, the more evasive you become so now I have to question everything, and I am, instead of just assuming I am asking you, directly. I hope you also realize that all this information we are exchanging on this website is searchable on google, and will forever be searchable, or should be. This is the reason I have chosen to use my business name, and specifically the reason I choose to conduct myself in a way that reflects the type of business I have established. Honesty and integrity are very important to me. So please consider these facts before posting in anger.
I want to be very clear, I am not posting on this thread to be offensive, or to degrade you, if you have honestly done what you are claiming to have done, that being starting a franchise on your own by bootstrapping, which was my suggestion, and starting your specific franchise by bootstrapping, which was what I was suggesting people do, and which was NOT what you were suggesting in your initial assessment and advice you first gave, then you have reason to be proud and I have reason to be inclined to ask you how you did it. This also has a lot of value for people just starting out, which I think also has value and should be posted, on this thread or another started specifically for that purpose.
So one more time, without you taking offense about what you believe I said or meant, and instead just simply sticking to the facts at hand.
Have you franchised your business, I mean it by this definition:
A franchise is a business system in which private entrepreneurs purchase the rights to open and run a location of a larger company. The franchising company, or franchisor, signs a contractual agreement with the franchisee, explaining in detail the company’s rules for operating the franchise. In the United States, franchises are typically organized under state laws, although the Federal Trade Commission requires that franchisors provide full disclosure of franchise contracts in advance, to allow franchisees the opportunity to make a good business decision. Franchise businesses come with a number of pros and cons that franchisees must take into account before signing the contract.
Facts
When the franchisee signs the franchise agreements, he or she agrees to the terms of operating that franchise. The business owner is required to operate the business according to the franchisor’s requirements. The specifics of these requirements are often dictated by the business itself and the expectations of the parent company. In general, though, the contract will include elements, such as location, advertising, owner and staff training, trademark and copyright obligations, renewal opportunities and termination.
Franchise laws are delegated to the states, and each state provides slightly different parameters for registering franchises. The one regulation that covers all 50 states, however, is supplied at the federal level. In 1979, the FTC established the Franchise Rule, which requires franchisors to provide full disclosure of the franchise contract at the first occasion of contact with the franchisee and again at least ten business days before the signing of the contract. Franchises in Texas are regulated under the Texas Business Opportunities Act, which applies to any franchise that requires more than $500 to begin. Franchisors must file a notice to sell the franchise with the secretary of state, and franchisees must apply for state franchise tax.
If you have legally franchised, I would be interested in seeing your franchise information, just like I posted about junkgenious, if you have information or a prospectus, I would be interested in looking at it.
I am also interested in your story, you mentioned that you started with almost nothing and built your business up during time, that's awesome, and I think many people would be interested in hearing your story, honestly, and it's an opportunity to expose it to the entire internet community, and could do nothing but help your franchising efforts if written properly, it's a free form of advertising that can only help you. While also generating interests in your franchise opportunity and disclosing what should be good solid advice for people just starting in the scrap business.
Regardless of what I have stated prior to this, lets set aside all that and focus instead on these topics if you will. Again, I am honestly interested in hearing about your story and seeing your franchise information, genially, honestly, without any attempt to degrade you or what you have accomplished.
Scott
Bookmarks