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Join date: Sep 13, 2023

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Jul 28, 202631 min
Franchise vs Independent in 2026: The Fee Stack, the Churn, and the Loan That Outlives the License
The article you have already read There is a standard piece on this subject. You have seen it. It runs a table down the page with a column called "Franchise usually wins?" and fills it with Yes, Sometimes, Often no. Hotels: franchise. QSR: franchise. Car wash: independent. Self-storage: independent. Then it says something sensible about revenue not being profit, lists a dozen red flags, and stops. Nothing in that table is wrong, exactly. It is just not an answer. It is a summary of what...

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Jul 27, 202626 min
The 6 Percent Problem: What 113 Stalled USDA Fertilizer Projects Teach You About the Feasibility Study FIELDS Now Requires
Between 2023 and 2025, the U.S. Department of Agriculture put $517 million into 76 fertilizer production facilities across 34 states and Puerto Rico. The projected result was 11.8 million additional tons of annual fertilizer production and more than 1,300 jobs [1]. On July 1, 2026, Secretary Brooke Rollins stood up and said the previous administration had managed "only building 6% of their stated goal" [2]. The fuller version, relayed through trade press from her remarks: of 121 fertilizer...

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Jul 11, 202610 min
Underserved Business Opportunities in America: Where Demand Is Unmet, Capital Is Available, and Feasibility Decides the Outcome
There is a persistent misreading of the American small-business market. The common story says the constraint is capital: that good projects go unbuilt because financing is scarce, that entrepreneurs with sound ideas cannot get to a closing table. That story is now largely wrong. As of mid-2026, federal capital for owner-operated and rural businesses is more available, and more generous, than at any point in a generation. The Small Business Administration is originating loans at record volume....

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Daniel Smith, MAIDaniel Smith, MAI

Daniel Smith, MAI

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