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  "documentTitle": "Goosehead Insurance, Inc. (GSHD)",
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  "authorName": "Wolfpack Research",
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  "presentationDate": "2023-02-16 00:00:00",
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      "text": "Franchisees fail because they tend to make extraordinarily little money as they get started, even in the good times.",
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      "text": "Franchisees that choose to finance their franchise fee and then fall into delinquency may be as bad off as people who took out a payday loan...",
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      "text": "Franchisees fail because they tend to make extraordinarily little money as they get started... Our analysis indicates that the median franchisee with a full year of tenure earned net commissions of just $38,400...",
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      "text": "Approximately 36% of franchisees reside in states where they are cannibalized by GSHD's corporate channel... The CEO stated that the company's corporate channel is a break-even business...",
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      "kind": "quote",
      "text": "Spousal Liability. Your spouse must sign a document that makes your spouse liable for all financial obligations under the franchise agreement even though your spouse has no ownership interest...",
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      "kind": "quote",
      "text": "Spousal Liability. Your spouse must sign a document that makes your spouse liable for all financial obligations under the franchise agreement even though your spouse has no ownership interest ... This guarantee will place both your and your spouse's marital and personal assets, perhaps including your house, at risk if your franchise fails. — Goosehead Insurance Franchise Disclosure Document",
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      "text": "FRANCHISES CLOSED BY QUARTER",
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