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Blogs about: Predatory Franchise Lending

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My project work in franchising1 comment

Les Stewart wrote 1 year ago: There was no map or rule book in testing the limits of the industry. By nature, these were all unrea … more →

Tags: SME Loan guarantee programs, WikidFranchise.org, Attorneyless Franchisee Networks, AFN, Private Equity piracy, Canadian Alliance of Franchise Operators

Franchisors are cowards, through and through1 comment

Les Stewart wrote 1 year ago: They pee the rug when confronted with competence. Scavengers of what’s left of the near brain- … more →

If you lost your money, Call your franchise banker.4 comments

Les Stewart wrote 1 year ago: Get smart. Who do you think teaches new franchisors or amateurs like David Scenna (Hookers and Booze … more →

Tags: bankers, CIBC, Canadian Imperial Bank of Commerce, Steve Iskierski, BMO Bank of Montreal, Royal Bank of Canada, Bank Of Nova Scotia, John Dykeman, Irene Thomson

Free riding on the authority of the state2 comments

Les Stewart wrote 1 year ago: The notion that people need to believe in and trust in their institutions is not a naive, child-like … more →

Tags: Ontario Arthur Wishart Act (Franchise Disclosure), 2000, Legislative Assembly of Ontario, Ontario Provincial Police

If we forget, We will continue to repeat our mistakes2 comments

Les Stewart wrote 2 years ago: We created WikidFranchise.org to house the documents that I have collected and to start a dialogue. … more →

Tags: media, SME Loan guarantee programs, WikidFranchise.org, Advertising/Franchising science, International Franchise Association, Small Business Administration, Franchise-Chat.com, Veronique de Rugy, Elise Anderson

Westpac bank advances $10m, not $10,000. Oddly, NZ now short 2 BP franchisees

Les Stewart wrote 3 years ago: You have to have some sympathy for the banker. But not much when you know their full involvement in … more →

Tags: blue chip, Paul Dale, Westpac, BP

Franchisors starve while industry rag sharpens the axe spin2 comments

Les Stewart wrote 3 years ago: Might consider not putting your neck on the block this Easter. McChicken (not eggs) are on the menu … more →

Tags: bankers, Opportunism, Big Franchising, Unsafe at any Brand, WikidFranchise.org

The Class War is Over, and We Lost2 comments

Les Stewart wrote 3 years ago: Franchising is one part of a bigger picture. Increasingly, it is more difficult for good people to d … more →

Tags: bankers, Class Acts, media, Debtors are slaves, Independent Franchisee Association, IndFA, Bill Moyers, The Globe and Mail, Red Stallion, Gordon Pitts

Lawyers are Rats: A top legal scholar exposes the corruption of his profession3 comments

Les Stewart wrote 3 years ago: Maclean’s which started in 1905, is Canada’s first weekly newsmagazine. In an August 200 … more →

Tags: Lawyers as businesspeople, Information sharing, Confusion & Deceit, Writers, Greatest lies are told in silence, Credence good Cheaters, Shame - Humiliation, Sunk Cost Reality, organized crime

Abolish the SBA: $70-83B reasons why it should happen4 comments

Les Stewart wrote 3 years ago: Private gain, Public loss. Banks, like all buisnesses, just love it when governments underwrite thei … more →

Tags: bankers, SME Loan guarantee programs, Blue MauMau, Canada Small Business Financing program, Veronique de Rugy, Cato Institute, The Royal Bank of Scotland, Small Firm Loan Guarantee, SFLG

The Mob: A Working group of Professional Thieves2 comments

Les Stewart wrote 3 years ago: Thieves steal to live. Professionals in thievery and business behave in a very similar manner. Only … more →

Tags: bankers, Sales Agents, duty, SME Loan guarantee programs, Industry Canada, Franchising Opportunism, Canada Small Business Financing Act, Lender's due diligence, The Professional Thief

It is difficult to get a man to understand something when his job depends on not understanding it. 6 comments

Les Stewart wrote 3 years ago: Upton Sinclair (1878 – 1968) was a Pulitzer Prize-winning prolific American author who wrote o … more →

Tags: Confusion & Deceit, Writers, media, Debtors are slaves, language, Upton Sinclair, Oil, The Jungle, Pulitzer Prize

Franchise bankers are Always there for you (whoever you are)

Les Stewart wrote 3 years ago: In August I wrote a post called Why Australia will get a McLaw. WA Today ran a story this week by Ch … more →

Tags: McLaw: Make-believe fairness, bankers, duty, Opportunism, Industry Canada, Franchising Opportunism, Churning, Joanna Gash, Norelle Walter

Solicitor-client relationship: When does it start?2 comments

Les Stewart wrote 3 years ago: Congratulations. You’re just finished your initial meeting with a franchise lawyer. You chose … more →

Tags: Lawyers as businesspeople, bankers, duty, Monopoly power, Arthur Wishart Act (Franchise Disclosure), Credence good Cheaters, Winand Emons, hermann goering

Midnight move: This time into the gutter1 comment

Les Stewart wrote 3 years ago: The top image is from a Canadian Press article by Nelson Wyatt called Passersby stunned as restauran … more →

Tags: bankers, Opportunism, Sunk Cost Reality, eggspectation, Enzo Renda, sunk cost, Midnight move, Canada Small Business Financing program, Nelson Wyatt

IFA: Oversight good for U.S., bad for AUS1 comment

Les Stewart wrote 3 years ago: Big Franchising‘s primary mouthpiece is certainly flexible. As an example, witness a current p … more →

Tags: bankers, Confusion & Deceit, Big Franchising, A Confidence Game, International Franchise Association, IFA, david french, Robert Reich

Down on Bullshit Avenue3 comments

Les Stewart wrote 3 years ago: International Symbol of Deaf and Near-Deaf A second great depression upon us all and all the U.S. me … more →

Tags: media, ex-Ee Muse Store, George Harrison, Patricia A. McCoy, Turning a Blind Eye: Wall Street Financing of Predatory, brainwashed, G.L. Chesterton, Social Sciences Research Network, Kathleen C. Engel. Predatory loans

Accidental franchises: Sue franchisor and their lawyer

Les Stewart wrote 3 years ago: When a franchisor and their lawyers pretends that a franchise is a license or distributorship, somet … more →

Tags: Confusion & Deceit, duty, concepts, Richard Solomon, Kevin Tampone, The Central New York Business Journal, Michael Einbinder, Einbinder & Dunn, Schoeneck & King

How can banks get away with repeatedly and knowingly lending into crapola franchises?2 comments

Les Stewart wrote 3 years ago: It ain’t called a bank shot for nothing. It’s as simple as Richard Solomon explains over … more →

Tags: bankers, duty, Richard Solomon, michael webster, Blue MauMau


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