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<blockquote data-quote="bacha29" data-source="post: 5887374" data-attributes="member: 58386"><p>Remember what I said in the past? That there is no governing legal authority in place with the power to make that contract as </p><p>unbalanced as it is binding upon FDX. That it turn means that every cent of money that contractor has tied up in the venture is totally at risk and it's fate decided by somebody other than the contractor. And why should they care? It's not their money or their house that has a second mortgage on it.</p><p></p><p>Despite that some individuals went diving into this so called "own your own business" whole hog and for the big settlements and for returns that at the time seemed to make the risks justified.</p><p></p><p>As evidenced by the growing number of abandoned routes and contracts for sale when it comes to those big cash settlements today they're paying it out as fast as they're bringing it in. And will continue to do so until they join the many others who simply ran out of cash. </p><p></p><p>I was harshly criticized for not scaling up any bigger than I had to be, drove a route everyday limited the hiring to only what I had to do in order to handle volume spikes then shifted the returns into more modest but less risky investments. </p><p></p><p>Given the stranglehold FDX has on it's contractors and based on recent news the economic noose is going to get even tighter.</p></blockquote><p></p>
[QUOTE="bacha29, post: 5887374, member: 58386"] Remember what I said in the past? That there is no governing legal authority in place with the power to make that contract as unbalanced as it is binding upon FDX. That it turn means that every cent of money that contractor has tied up in the venture is totally at risk and it's fate decided by somebody other than the contractor. And why should they care? It's not their money or their house that has a second mortgage on it. Despite that some individuals went diving into this so called "own your own business" whole hog and for the big settlements and for returns that at the time seemed to make the risks justified. As evidenced by the growing number of abandoned routes and contracts for sale when it comes to those big cash settlements today they're paying it out as fast as they're bringing it in. And will continue to do so until they join the many others who simply ran out of cash. I was harshly criticized for not scaling up any bigger than I had to be, drove a route everyday limited the hiring to only what I had to do in order to handle volume spikes then shifted the returns into more modest but less risky investments. Given the stranglehold FDX has on it's contractors and based on recent news the economic noose is going to get even tighter. [/QUOTE]
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