Listen to BTS of a $600k loss – lessons learned from investing in franchises on: Apple Podcasts | Spotify | Your player of choice
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 this episode, BTS of a $600k loss – lessons learned from investing in franchises, 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
Resources & Links:
- 150 Free Hooks
- List Building 101
- Manychat
- IG University
- Kajabi 30-day free trial + 20 free story templates
Some of the links mentioned are affiliate links, which help to support this podcast at no additional cost to you.
Connect with Mya:
- Follow on Instagram @myanichol
- Join my email list
- Check out my website
- Now on YouTube
Related Episodes:
- Episode 20: A hard week: bts reality of my business
- Episode 45: Recent failures in business
- Episode 95: I canceled my summit
- Episode 96: I hit rock bottom
More about the Radical Disruption podcast:
Are you wanting to make waves in your industry, push the envelope, and change the Bu way things are done in a radical way? Are you looking for tangible, tactical, and actionable steps that will help you build a sustainable business that stands out? You’re in the right place!
Radical Disruption is home to the disrupters. Here, you’ll learn how to take your business to the next level, break the status quo, and build a disruptive business.
Nursing student turned business and social media expert and host Mya Nichol (hey, that’s me!) shares the real and raw of the crazy journey of entrepreneurship and building a multi-six figure business.
Through solo episodes and special guest interviews, you can expect honest conversations about throwing out the traditional way of business, scaling in a sustainable way, and becoming the go-to expert in your industry. It’s time to build a disruptive business. See you on Tuesdays!
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