PLAYLive has had an exciting year! As a part owner of this franchise, it’s very fun to watch the business continue to grow. While as a franchise there is still a long road ahead to sustainable profitability, we have a strong foundation going into 2016. This includes our current efforts to expand the franchise into other states.

I’ve informally mentioned my role as a part owner in a new franchise that is taking the Pacific Northwest by storm. This month my first distribution check comes in and I therefore wanted to share with you my journey to profitability.

For brick and mortar franchisees, securing your real estate transaction carries a significant weight on your future success. Not only is it a substantial investment, most of the time you are locked into a long-term lease. The terms in these leases can also bind you to extensive and expensive renovations if not done properly.

Going through the purchasing phase of a franchise spikes the adrenaline and fills your mind with endless optimism. That’s great! You should be energized by your new endeavor.