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Side Hustle School

#2148 - Failure Friday: “I invested in a franchise and now I feel stuck…”

Side Hustle School

Chris Guillebeau

Business, Side Hustle, Entrepreneurship,, Careers, Entrepreneurship, Small Business

4.73.3K Ratings

🗓️ 18 November 2022

⏱️ 6 minutes

🧾️ Download transcript

Summary

In this week’s Failure Friday segment, we hear from an investor who buys into a national franchise—then realizes he’s essentially bought himself a job.   

Side Hustle School features a new episode EVERY DAY, featuring detailed case studies of people who earn extra money without quitting their job. This year, the show includes free guided lessons and listener Q&A several days each week.

Show notes: SideHustleSchool.com

Email: team@sidehustleschool.com

Be on the show: SideHustleSchool.com/questions

Connect on Twitter: @chrisguillebeau

Connect on Instagram: @193countries

Visit Chris's main site: ChrisGuillebeau.com

If you're enjoying the show, please pass it along! It's free and has been published every single day since January 1, 2017. We're also very grateful for your five-star ratings—it shows that people are listening and looking forward to new episodes. 😎 🙏🏼 

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Side Hustle School features a new episode EVERY DAY, featuring detailed case studies of people who earn extra money without quitting their job. This year, the show includes free guided lessons and listener Q&A several days each week.


Show notes: SideHustleSchool.com

Email: team@sidehustleschool.com

Be on the show: SideHustleSchool.com/questions

Connect on Instagram: @193countries

Visit Chris's main site: ChrisGuillebeau.com

Read A Year of Mental Health: yearofmentalhealth.com


If you're enjoying the show, please pass it along! It's free and has been published every single day since January 1, 2017. We're also very grateful for your five-star ratings—it shows that people are listening and looking forward to new episodes. 😎 🙏🏼 


Hosted on Acast. See acast.com/privacy for more information.

Transcript

Click on a timestamp to play from that location

0:00.0

I believe we can learn as much from failure as we can from success.

0:12.0

Hey, what's up?

0:13.5

Welcome to Sideosel School.

0:14.5

It's Chris Gellibot, and guess what?

0:16.5

With that introduction, you might already know this is Failure Friday.

0:20.8

Failure Friday, our weekly collection of short stories about mistakes, missteps, disasters,

0:25.2

all of the things that go wrong.

0:27.9

All the things that don't go exactly as anticipated or expected or even hoped for.

0:33.3

Just like our Thurberack Thursday segment, you get to hear directly from a Sideosel or

0:37.0

a new business owner and entrepreneur, somebody who has struggled to get something off the

0:40.6

ground.

0:41.6

They tell you the story, along with a lesson, that you can apply in your own quest to create

0:45.6

extra income without quitting your job.

0:48.2

Speaking of jobs, today's short story features Mike and Huntington Valley, Pennsylvania.

0:53.6

Mike decided to buy into a franchise.

0:56.0

Long ago, that was my aspiration as well.

0:58.6

Back when I was, I don't know, 20 years old or something, I wanted to own a mailbox, etc.

1:02.4

franchise.

1:03.6

Never did that.

1:05.4

His Mike explains, maybe I made a good decision, actually.

1:08.7

Maybe it wasn't a bad decision to skip that whole purchasing a franchise thing.

1:13.6

Although for him, it also wasn't the worst decision in the world.

...

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