298: Bankrupt: Franchise Investments Gone South. (10mins) - a podcast by Mike Arce

In the cutthroat world of franchising, the dream sold to franchisees often crumbles into bankruptcy. In a LinkedIn post, I, Mike Arce, CEO of Loud Rumor, shed light on the misleading narratives, where franchisors tout a turnkey success story. The reality, however, is stark—minimal support, unmet promises, and struggling franchisees. While some franchises thrive, success demands business acumen, leadership skills, and strategic thinking. To escape the franchise nightmare, franchisees must cultivate essential skills, make informed decisions, and take charge of their success. It's time to stop blaming the franchise and start building the skills for lasting success.

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