When Businesses Fail & What To Do - Cliff & Justin's Tips

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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:

Listen to Pursuit of Profit:
Pursuit of Profit: https://cms.megaphone.fm/channel/ATHLLC9275251294?selected=ATHLLC6358670961

Spotify: https://open.spotify.com/show/14nkzYCAEAtuAbcwBRLbot

Apple: https://podcasts.apple.com/us/podcast/pursuit-of-profit/id1714746281

Connect with Cliff and Justin:

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