• 98. BTS of a $600k loss - lessons learned from investing in franchises

  • Dec 17 2024
  • Length: 25 mins
  • Podcast

98. BTS of a $600k loss - lessons learned from investing in franchises

  • Summary

  • 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 today’s episode, 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

    Connect with Mya:

    • Follow on Instagram @myanichol
    • Join my email list
    • Check out my website
    • Now on YouTube

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    Some of the links mentioned are affiliate links, which help to support this podcast at no additional cost to you.

    Find the complete show notes here: https://myanichol.com/2024/12/17/lessons-learned-from-investing-in-franchises/

    Resources & Links:

    • 150 Free Hooks
    • List Building 101
    • Manychat
    • IG University
    • Kajabi 30-day free trial + 20 free story templates

    Mentioned in this episode:

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