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When the enslaved population was first freed, the Freedman's Bank was established to provide a savings and wealth-building tool. Black bank customers lost millions in deposits. When Freedman's Bank closedA short nine years after opening, the Freedman's Bank closed in 1874. The Freedman's Bank collapse destroyed Black people's trust in financial systemsMy grandmother had a bank account. In short, in the African American community, the Freedman's Bank collapse is to finance what the Tuskegee experiments are to healthcare.
Two franchise owners say that it can be hard work but worth it to make your passion your business. Many franchise owners started as Pure Barre devotees before taking the plunge to buy into Pure Barre, which was acquired by boutique workout franchise brand Xponential Fitness in 2018.Insider spoke to two owners of multiple Pure Barre studios to understand how they spun a love of dance-oriented fitness into successful businesses — and along the way have created strong and supportive communities. "It only took one Pure Barre class for me to realize that this workout technique didn't exist where I lived and that I needed to open it as soon as possible. Lean on other franchise owners for supportRoberts said that having connections with other franchise owners like herself has been one of the best things about her work. "Turnaround" opportunities are financial incentives offered by Xponential Fitness to existing successful Pure Barre franchise owners to help transform a struggling studio.
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