How to lose a lac a month – My Entrepreneurial Journey – Chapter 2
My Entrepreneur Journey Chapter- 2: In the previous chapter, you had seen how the whole idea of starting something on my own turned up and how life changed after that. This post is in continuation of the roller coaster ride called “My Entrepreneurial Journey – Chapter 1”
Hanging-On – Last phase of My Entrepreneurial Journey Within 5 months of me running the franchise many of other same franchisor outlets were closed (whom I had contacted before opening my outlet). The focus was still on improving footfall but there was minimal increase. Repeat customers were good but number of new customers were few. All attempts in discussing with the franchisor was a waste of time, as they were busy in getting more investors and making believe that business was good. While the reality was almost all outlets which were opened then were steadily closing, however the number of new outlets across India were increasing. So, there was no doubt they were selling better and once you paid the hefty initial investment you were just a helpless guinea pig to them. In addition to this, the operational issues were causing another nightmare
