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:

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:

Connect with Cliff and Justin:

🌐 Website - https://franocity.com/

📷 Instagram -   /franocity

👍 Facebook -   /franocity

💼 LinkedIn -  /cliffnonnenmacher

💼 LinkedIn -   /justinguevara

* Consult with Cliff and Justin @ Franocity

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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.