We are just days away from ending our fledging business. We started out with great ideas – we officially started a LLC, bought home office furniture, joined the local Bend Chamber of Commerce, purchased laptop computers – and now we end it.
Today we signed papers selling the franchise back to corporate. Why did it fail? Why did we fail at our business?
It was hard and we quit. That is it pretty simply. A franchise is designed to allow a business to follow a successful business system. But you have to do the work. And meeting and working with business owners is not easy.
I am not mad at the franchisor – we knew what we were getting into. But the business loss, the financial loss – will be long term. It will probably be very painful for some time….