Episode 50: On this episode of Pursuit of Profit, Cliff and Justin take time to discuss why they're advising clients to stay away from fitness and food, how minimum wage and inflation increases have affected profitability in an already razor thin margin business, suffering from issues like retention and slow growth, and why a written investment discipline is so important in this slowing economy. You'll want to take a listen...

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Timestamps:

01:20 - What we've learned from our guests

06:10 - Why they haven't talked about food or fitness

08:00 - Stats on fitness franchises

27:43 - Impact of inflation

36:40 - What's hurting the food space

54:20 - Criteria to buy a franchise

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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.