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When Franchise Businesses Fail & What To Do - Cliff & Justin's Tips
Description
Episode 61: On this episode of Pursuit of Profit, Cliff and Justin talk about what happens when your business/franchise fails. They'll talk about different risk mitigation strategies, negotiating with different businesses and landlords, and how to manage emotions during difficult times. This is valuable advice if you're thinking about going into franchising. Take a listen!
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Timestamps:
00:00 - Intro
02:25 - Story of failing franchise
14:55 - How to exit a failing franchise
23:55 - Valuation
26:15 - Exit runway
40:1 0 - Taxes
49:30 - Dog in the Manger syndrome / Crabber mentality
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Links:
Watch the Pursuit of Profit on YouTube!
Book a free consultation with Cliff and Justin: https://calendly.com/franocity1/30-minute-meeting
Learn more about Franocity: https://qrcodes.pro/15fBNC
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Welcome to "Pursuit of Profit," the raw and unfiltered podcast where Cliff & Justin pull no punches to guide aspiring entrepreneurs, business owners, and franchisees on their journey to create wealth, financial abundance, and ultimate personal growth. If you're seeking sugar-coated advice and constant reassurance, this podcast may not be for you. But if you crave unapologetic honesty and a dose of tough love, then you've come to the right place.