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98. BTS of a $600k loss - lessons learned from investing in franchises
Episode 9817th December 2024 • Radical Disruption • Mya Nichol
00:00:00 00:24:54

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This episode is the last part of a four-part series where I'm pulling back the curtain on everything that's happened in 2024. If you haven't listened to the previous three parts, be sure to listen to My business is not my baby - navigating entrepreneurship as a new mom, I hit rock bottom, and I canceled my summit

I have a special guest with me today (my husband!) to talk about lessons learned from investing in franchises. We're sharing a real and raw look at our journey with investing in the franchise Dirty Dough, including walking you through opening and closing multiple store locations and what that loss looked like. 

In today’s episode, we cover:

  • What made us decide to become franchise owners 
  • How we decided on what franchise to invest in
  • What it was like to scale so quickly
  • The challenges we faced opening the stores
  • The challenges we saw with corporate
  • When we first realized that the business wasn’t working
  • What the process looked like when selling the stores 
  • The lessons we’ve learned from this journey

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Find the complete show notes here: https://myanichol.com/2024/12/17/lessons-learned-from-investing-in-franchises/

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