📺 Stream EntrepreneurTV for Free 📺

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

By Gwen Moran

entrepreneur daily

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

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

Passengers Are Now Entitled to a Full Cash Refund for Canceled Flights, 'Significant' Delays

The U.S. Department of Transportation announced new rules for commercial passengers on Wednesday.

Franchise

Franchising Is Not For Everyone. Explore These Lucrative Alternatives to Expand Your Business.

Not every business can be franchised, nor should it. While franchising can be the right growth vehicle for someone with an established brand and proven concept that's ripe for growth, there are other options available for business owners.

Business News

James Clear Explains Why the 'Two Minute Rule' Is the Key to Long-Term Habit Building

The hardest step is usually the first one, he says. So make it short.

Leadership

Why Companies Should Prioritize Emotional Intelligence Training Alongside AI Implementation

Emotional intelligence is just as important as artificial intelligence, and we need it now more than ever.