Get All Access for $5/mo

How These Entrepreneurs Bounced Back From Unfathomable Loss Let the stories of these three franchise owners inspire you.

By Gwen Moran Edited by Frances Dodds

This story appears in the January 2016 issue of Entrepreneur. Subscribe »

Shutterstock

Buying and running a successful franchise has many of the same demands as any other business. But the process becomes even more challenging when disaster strikes. Meet three franchisees who faced down the unthinkable and emerged stronger than ever.

1. How Secondhand Clothing Gave This Woman a Second Chance

Rita Cortese risked everything for her Plato's Closet franchise.

Rita Cortese
Image Credit: Illustration by Alexandra Compain-Tossier

2. How This Family Rebuilt Their Business After Devastating Losses

A personal tragedy and an economic downturn hit David Ogburn hard, but he staged a comeback.

David Ogburn
Image Credit: Illustration by Alexandra Compain-Tossier

3. How This Entrepreneur Coped With Tragedy While Running a Business

Barry Foot turned his passion for cruises into his profession. Then he used his profession to honor his late wife.

Barry Foot
Image Credit: Illustrations by Alexandra Compain-Tossier
Gwen Moran

Writer and Author, Specializing in Business and Finance

GWEN MORAN is a freelance writer and co-author of The Complete Idiot's Guide to Business Plans (Alpha, 2010).

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Branding

ChatGPT is Becoming More Human-Like. Here's How The Tool is Getting Smarter at Replicating Your Voice, Brand and Personality.

AI can be instrumental in building your brand and boosting awareness, but the right approach is critical. A custom GPT delivers tailored collateral based on your ethos, personality and unique positioning factors.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

Is the AI Industry Consolidating? Hugging Face CEO Says More AI Entrepreneurs Are Looking to Be Acquired

Clément Delangue, the CEO of Hugging Face, a $4.5 billion startup, says he gets at least 10 acquisition requests a week and it's "increased quite a lot."

Business News

Apple Reportedly Isn't Paying OpenAI to Use ChatGPT in iPhones

The next big iPhone update brings ChatGPT directly to Apple devices.

Growing a Business

He Immigrated to the U.S. and Got a Job at McDonald's — Then His Aversion to Being 'Too Comfortable' Led to a Fast-Growing Company That's Hard to Miss

Voyo Popovic launched his moving and storage company in 2018 — and he's been innovating in the industry ever since.

Business News

Sony Pictures Entertainment Purchases Struggling, Cult-Favorite Movie Theater Chain

Alamo Drafthouse originally emerged from bankruptcy in June 2021.