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From the archive: This episode was originally recorded and published in 2022. Our interviews on Entrepreneurs On Fire are meant to be evergreen, and we do our best to confirm that all offers and URL's in these archive episodes are still relevant.
Tom Scarda was able to semi-retire with his first franchise, then failed miserably in his second. His lessons learned from failure are what make him such an inspiration.
Top 3 Value Bombs
1. Whatever you choose, your choices always come down to uncertainty, and unhappiness. Choose uncertainty.
2. There's no way to get past fear. The only way is to embrace it and understand the ramifications.
3. Don't get into something that has zero market unless you have lots of money and lots of time. Get into something where there's a niche, but not something that has never been done before.
Is franchising right for you - The Franchise Academy
Sponsors
HighLevel - The ultimate all-in-one platform for entrepreneurs, marketers, coaches, and agencies. Learn more at HighLevelFire.com.
Intuit QuickBooks - Transform your cash flow and your business. Check out QuickBooks Money Tools today. Learn more at QuickBooks.com/money. Terms apply. Money movement services are provided by Intuit Payments Inc., licensed as a Money Transmitter by the New York State Department of Financial Services.
Bit IRA - Now might be a great time to convert your IRA or 401(k) to Bitcoin with the help of BitIRA. Go to BitIRA.com/JLD.
By John Lee Dumas of EOFire4.8
38143,814 ratings
From the archive: This episode was originally recorded and published in 2022. Our interviews on Entrepreneurs On Fire are meant to be evergreen, and we do our best to confirm that all offers and URL's in these archive episodes are still relevant.
Tom Scarda was able to semi-retire with his first franchise, then failed miserably in his second. His lessons learned from failure are what make him such an inspiration.
Top 3 Value Bombs
1. Whatever you choose, your choices always come down to uncertainty, and unhappiness. Choose uncertainty.
2. There's no way to get past fear. The only way is to embrace it and understand the ramifications.
3. Don't get into something that has zero market unless you have lots of money and lots of time. Get into something where there's a niche, but not something that has never been done before.
Is franchising right for you - The Franchise Academy
Sponsors
HighLevel - The ultimate all-in-one platform for entrepreneurs, marketers, coaches, and agencies. Learn more at HighLevelFire.com.
Intuit QuickBooks - Transform your cash flow and your business. Check out QuickBooks Money Tools today. Learn more at QuickBooks.com/money. Terms apply. Money movement services are provided by Intuit Payments Inc., licensed as a Money Transmitter by the New York State Department of Financial Services.
Bit IRA - Now might be a great time to convert your IRA or 401(k) to Bitcoin with the help of BitIRA. Go to BitIRA.com/JLD.

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