))
When Franchises Fail: My $200K Investment Gone Bust
Manage episode 445399771 series 3490137
Inhoud geleverd door Steve Class. Alle podcastinhoud, inclusief afleveringen, afbeeldingen en podcastbeschrijvingen, wordt rechtstreeks geüpload en geleverd door Steve Class of hun podcastplatformpartner. Als u denkt dat iemand uw auteursrechtelijk beschermde werk zonder uw toestemming gebruikt, kunt u het hier beschreven proces https://nl.player.fm/legal volgen.
In this eye-opening episode, I dive into the highs and lows of my entrepreneurial journey, starting with the sale of my successful property management business. I share how I transitioned into a new venture, investing in a promising tiny home franchise that seemed like the perfect fit—until it wasn’t. The unexpected closure of the franchise left me and my family blindsided, with a loss of $200,000.
But this isn’t just a story of financial loss; it’s also a story of resilience. I explore how adopting a Stoic mentality helped me navigate this challenging time. From controlling what I could to letting go of what was outside my control, I explain the mindset shifts that helped me endure and grow through the experience. Tune in to hear the lessons I learned about risk, loss, and finding strength in adversity.
Key Takeaways:
- The Transition from Property Management: Why I sold my successful property management business and what led me to invest in a tiny home franchise.
- The $200K Loss: How the franchise unexpectedly went out of business, leaving me high and dry.
- Lessons in Due Diligence: What I wish I had known before investing and why understanding the risks is essential in any business venture.
- Stoic Philosophy in Business: How adopting a Stoic mindset helped me handle the emotional and financial fallout of losing such a significant investment.
- Bouncing Back: My strategy for moving forward, learning from failure, and staying optimistic for the future.
26 afleveringen
Delen
