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

Innovation

4 Ways Market Leaders Use Innovation to Foster Business Growth

Forward-thinkers constantly strive to diversify and streamline their products and services, turning novelties into commodities desired by many.

Business News

JPMorgan Shuts Down Internal Message Board Comments After Employees React to Return-to-Office Mandate

Employees were given the option to leave comments about the RTO mandate with their first and last names on display — and they did not hold back.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Business News

'I Want the Best People on Our Teams': Meta Is Laying Off More Than 3,000, CEO Mark Zuckerberg Calls for 'Extensive Performance-Based Cuts' — Read the Memo

In an internal memo shared on Tuesday, Zuckerberg said it's "going to be an intense year" at the company.

Leadership

From Elite Athletes to Tech Titans — Discover the Surprising $100-Million Habit That Leads to Extraordinary Success

Success comes from mastering focus, eliminating distractions and prioritizing what truly matters.

Side Hustle

'Hustling Since Middle School': She Started a Side Hustle on Facebook Marketplace — Then a 'Game-Changer' Grew It to $25,000 a Month

Leena Pettigrew's "entrepreneurial spirit" inspired her to build a business with earnings that outpaced her full-time income.