Is that even possible?
From an article published online last week, it seems as if Travelhost Magazine allowed an Associate Publisher in California with a FAILING market, to transfer (sell) the rights to their FAILING “business opportunity” to an unsuspecting NON-PROFIT agency!
According to this article, Travelhost Magazine, AND the failing Associate Publisher, allowed this transfer/sale to take place knowing that the failure rate in this business opportunity is nearly 100%?
Apparently, the Central Coast California edition of Travelhost Magazine was transferred to an agency called “Options” that is “dedicated to helping people with disabilities achieve their goals, dreams and rightful place as full citizens of their communities.”
Yeah…Take a look: http://optionsfs.org/
So, if Ferris Ferdon (and all others before him) couldn’t make it…why do they think people with: head injuries, developmental disabilities, hearing loss, autism, and other neurological impairments would be able to be successful at such an enterprise?
Surely the “Number 1 Travel Publication in America” should have stopped this type of a transfer, no?
I find it incredibly disturbing that even a guy like Jim Buerger (who’s been robbing entrepreneurs blind for nearly 45 years) would allow a such a transfer of a Travelhost Magazine FRANCHISE to take place like this.
According to the Options website, this is a place that provides “residential living services, rehabilitation therapy, and vocational training services to individuals with head injuries, developmental disabilities, hearing loss, autism, and other neurological impairments.”
The article goes on to say:
“That means the Central Coast edition of the magazine — which as of 2009 was placed in more than 5,500 rooms in 80 local hotels and was supported by more than 150 advertisers — is now defunct.
The magazine, which is featured in cities across the country, started its local franchise in 2003. The rising cost of print had pushed previous publisher Ferris Ferdon to shut down operations in mid-2009.”
So Ferris Ferdon couldn’t make this “business opportunity” work because of the outrageous printing prices….so he figured, lets throw this albatross around a non-profit’s neck??
And Travelhost Magazine rubber stamps the deal just to keep another market alive?
Further on in the article:
“Options Chief Executive Mike Mamot took over the venture in 2010 with hopes it would generate revenue and provide job opportunities for the people with disabilities the organization serves.”
Provide jobs, sure!
At what cost?
And, to whom?
“However, it proved unprofitable, said Options Marketing Director Jacqueline Delaney. After less than a year of ownership, Options could not find a buyer and decided to let the project go.”
Hmmm, interesting, that’s about when most entrepreneurs throw in the towel. It seems like this “Business Opportunity” they call Travelhost Magazine works out the same for just about everyone.
Even for non-profits, such as Options, who are trying to provide jobs to disadvantaged people.
Way to go Travelhost Magazine and Jim Buerger!
THE PUBLISHERS ADVOCATE
PS> Don’t be surprised to see a story like this on 60 Minutes one day. Despite Travelhost Magazine’s ability to get away with this type of stuff for almost 45 years, it’s only a matter of time until this company is brought to justice.
Stories like this become “VIRAL,” and are one day sure to make millions of readers/viewers…”SICK.”