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The Entrepreneur’s Source Reviews Why Franchising Is Ideal for Female Entrepreneurs

The Entrepreneur’s Source Reviews Why Franchising Is Ideal for Female Entrepreneurs 

Regardless of whether a woman is looking to escape corporate America or if she is a stay-at-home mom looking to rejoin the workforce, franchising continues to be a great business outlet.

“Women have an innate ability to empower others—their staff, their employees, their co-workers and in many cases, their customers,” said Judy Stoleson, career coach at The Entrepreneur’s Source franchise and Co-Founder of Women Empowered by Business.

As the franchising industry continues to grow, women are entering this sector of the economy in large numbers. Almost 25 percent of new franchises were women investors, the International Franchise Association (IFA) reported according to the numbers from the last Census in 2010, a dramatic increase from just 20 years ago when only 10 percent of franchises owned by women.

Why Franchising Is Appealing to Women Entrepreneurs
The franchise business model is appealing to women for a variety of reasons. The Entrepreneur’s Source reviews some of the many factors that make franchising an optimal business model for women looking to become entrepreneurs.

  1. Increased Flexibility

Investing in a franchise rather than building your own business or entering the corporate sector provides a more flexible work environment for women, which is oftentimes ideal for those who are trying to juggle taking care of their family with bringing home a second income. When running a franchise business, franchisees are their own boss. This offers more flexibility for women because they won’t be obligated to work a standard 9-5 or set hours, but rather can fit their work in as needed by starting early or working late.

  1. Relationship Development

Women typically excel at developing relationships with individuals due to their nurturing instincts, which can be an added advantage in business. Building a franchise location is built upon developing relationships, whether it is with your franchisor, your customer base or local media outlets to get the word out. In the franchise industry, building and maintaining relationships is crucial to the success of a business and its likelihood of success. Because women tend to excel in relationship development, this can be an added bonus for business networking efforts.

  1. Communication Capabilities

Women are known for their communication skills, in fact, some studies have shown that women tend to use fewer words when speaking to someone and have a better understanding of the English language when compared to men. Because of this strength, women tend to think carefully before they speak, choosing strategically what they want to communicate with their words – an essential in running a business and delegating tasks.

  1. Heightened Resourcefulness

Although this is a trait that is commonly associated with men, studies show that women actually tend to take the initiative more often and successfully than men, Forbes reports. This resourcefulness can work wonders for women trying to navigate the franchise industry for the first time while maintain a work-life balance. In fact, 33 percent of women who invest in a franchise report spending more time with their families as a result of opening their business. This unique multitasking ability that women possess is well applied and transferred into entrepreneurship and franchise ownership.

Contact a Coach at The Entrepreneur’s Source Franchise Today!
Consulting with a coach is a great first step for women looking to accomplish their entrepreneurial dreams. Alternative career coaches at The Entrepreneurs Source help their clients discover their Possibilities, Options and Dreams (POD) and how these can work in sync with a candidate’s Income, Lifestyle, Wealth and Equity (I.L.W.E.) goals.

For more information about how a career coach can help you move from Employment to Empowerment or reenter the workforce, contact a coach today: http://www.entrepreneurssource.com/.

 

 

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How The Entrepreneur’s Source Can Help You Examine Your Possibilities, Options and Dreams

How The Entrepreneur’s Source Can Help You Examine Your Possibilities, Options and Dreams

Looking into your Possibilities, Options and Dreams (POD) is a crucial first-step in realizing what your future can look like. Really understanding what possibilities and options are out there combined with analyzing one’s ultimate dreams can help you paint a better picture of your route to self-sufficiency.

If you haven’t examined your Possibilities, Options and Dreams, then now’s the perfect time to start. Here The Entrepreneur’s Source breaks down each component of POD and how to examine each element.

The Entrepreneur’s Source Helps You Examine Your POD
When examining your personal POD, it’s important to go through and define each component separately and asking yourself a list of related questions. Here is just an example of how you might go about defining POD and a few of the many questions you can ask yourself.

Possibilities: The key to effectively exploring one’s possibilities is to survey in detail every conceivable avenue that exists.  Often people only explore familiar possibilities, which can hinder them from reaching their true potential. Oftentimes, the most dubious possibilities are the ones that turn into a reality.

  • What possibilities do you see yourself having in your current position of employment? Try comparing your current possibilities to the possibilities that business ownership can offer you.
  • What areas of business or industry sectors are you disinterested in and why? Explore these avenues in greater detail. You never know if you may suddenly become interested once you learn about them in greater detail.
  • Dream like when you were a kid and the possibilities were endless and failure was not an option.
  • What would you be doing, if you knew you could not fail?

Options: Think of your options like potential vehicles that could lead you or help you accomplish your goals. When you think about the different modes of transportations like a car, a ship, a plane, neither of them are inherently good or bad modes of transportations. Depending on where you want to go and what you want to experience will likely be what you consider in order to pick a vehicle to best meet your needs.  Looking at your options to meet your goals needs and expectations should be no different. What are the typical options? The job market, business ownership, including independent and franchise concepts and Investments are the common ones. Fully analyzing and considering each of these is the key to finding what will work best for you.  But it all starts with where you want to go and what you want to accomplish.

  • What makes up your Income, Lifestyle, Wealth and Equity (I.L.W.E.) Goals? Examining these can help you establish what options can help you reach these short-term and long-term goals.
  • What options are you most interested in and most disinterred in? Compare these to one another to see if there are trends that you see among the two groups to conclude what excites you and what deters you.

Dreams: When you envision your ideal future in which you are completely happy, what do you see? Well, the components that make up this dream self are your dreams. For a moment forget about all the “Yes, but’….” Set yourself free and dream

  • What are the three key things that you would like to see in your future? After you determine these, try establishing goals for how you can foresee yourself reaching them.
  • What is your biggest dream that seems the most unattainable? Break down why you feel this goal is unreachable. This can help you to visualize the barriers that may stand in the way of you and your dreams, hopefully helping you see that your ultimate dream may be easier to achieve that you imagined.

Contact an Alternative Career Coach at The Entrepreneur’s Source
Becoming self-sufficient and possibly a franchise owner is a great route to autonomy for potential entrepreneurs who are looking to realize their Possibilities, Options and Dreams. For individuals who are serious about becoming self-sufficient  and are open to learn more about  an entrepreneurial future and want more guidance on how to establish one’s POD, contact an alternative career coach at The Entrepreneur’s Source today. Talking with an E-Source coach can help prospective entrepreneurs examine their POD accurately and in greater detail, helping them paint a clear picture of what their future can look like through franchise ownership. But we have one condition, keep an open mind. 95% of the people we coach end up discovering something they admittedly would have never looked at or would have prematurely dismissed.

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The Entrepreneur’s Source Keith Orr in The News Journal

The Entrepreneur's SourceThe Entrepreneur's Source

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The Entrepreneur’s Source on How Moving from Employment to Empowerment is a Different Process for Women

The Entrepreneur’s Source on How Moving from Employment to Empowerment is a Different Process for Women

My coworkers need me. I owe it to my boss to stay. This job is all I know. I’ve been here for over 10 years. These are just four of the countless thoughts that a woman may have that can prevent her from reaching her dreams of self-sufficiency. Women have come a long way in the workforce, but still have some room to grow into new positions and opportunities. These common justifications can often avert entrepreneurial-minded women from moving from Employment to Empowerment by leaving their current jobs to open their own business or franchise. Today, The Entrepreneur’s Source reflects upon why moving from Employment to Empowerment may be a different process for women.

Why Women Shy Away from Taking Risks
For most women, quitting a good job that pays the bills and offers benefits is perceived as quite a risk despite a women’s dissatisfaction in their current position. Studies show that women are more averse to risk-taking than men, according to Harvard Business Review. Why is this? Women already have enough pressure and stress put on them from managing their families to working a full time job, and looking to make a new career move can add stress to these busy women.

When women are stressed, they tend to take fewer risks than males. Because of this, many women are less likely to leave their current jobs even if it means settling for something less than their desired Income, Lifestyle, Wealth and Equity goals. Here is some advice to women who can identify with what was just said: Don’t let FEAR (False Evidence Appearing Real) prevent you from becoming a legend. You owe is to yourself and you family to at the very least explore the options available to you.

How The Entrepreneur’s Source Can Help
Even before a woman quits her job or decides to reenter the workforce, consulting with a alternative career coach can be a good first step in the consideration process. Coaches at The Entrepreneur’s Source can provide some superior guidance to women who have a desire to be self-sufficient. Women possess many qualities that make them ideal candidates for various different business models, and E-Source coaches can help women identify and refine these characteristics. Because there are a plethora of different concepts out there, most women can find the perfect fit for them.

“Franchising offers part-time, semi absentee and full-time business model opportunities, meaning owners have options for desired time and capital commitment,” said Judy Stoleson, coach at The Entrepreneur’s Source and co-founder of Women Empowered by Business (WEBB). “These options allow women to enter into a business that not only supports their income and wealth goals, but lifestyle and life balance as well.”

For more information about how an alternative career coach at The Entrepreneur’s Source can help guide you on your path from Employment to Empowerment, contact a coach today http://www.entrepreneurssource.com/coaching.html.

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The Entrepreneur’s Source Terry Powell Profiled in Entrepreneur

The Entrepreneur's Source Terry PowellThe Entrepreneur's Source Terry PowellThe Entrepreneur's Source Terry Powell

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