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The Entrepreneur’s Source Examines the Freedom of Franchise Ownership

The Entrepreneur’s Source Examines the Freedom of Franchise Ownership. Can Franchising Help You Achieve Your Possibilities, Options and Dreams?

 

Do you ever wonder if investing in a franchise can help you achieve your Possibilities, Options, and Dreams? Well, the simple answer to this question is yes, it can. Franchising is a great route to self-sufficiency for prospective entrepreneurs looking to achieve their Income, Lifestyle, Wealth and Equity (I.L.W.E.) Goals. Today, The Entrepreneur’s Source franchise explores why franchising is an optimal route to help an individual reach his or her Possibilities, Options, and Dreams (POD.)

The Entrepreneur’s Source Franchise on Examining Your POD
The first step toward achievement is discovery. You’d be surprised by how many individuals who are unsatisfied with their current employment situation look for their next move before analyzing what possibilities and options stand before them and what their ultimate dream encompass. For this reason, an individual must take some time to do some soul searching and examine what their unique POD’s are before making any decisions on what path they will take to achieve them.

When analyzing one’s possibilities and options, the key is keeping an open mind, especially towards things that you not have been exposed to before or have experience in. That is where the true opportunity lies. Otherwise, you are simply trapped by the definition of insanity: Doing the same thing over and over again, expecting different results. When analyzing the options that stand before you, it’s important to look at options that can be used as vehicles to attain your Income, Lifestyle, Wealth and Equity (I.L.W.E.) Goals. This position will ensure that you will be happy with the result of the path you choose.

When an individual works for someone else, whether it’s a billion dollar company or even just a medium sized business, there are many tradeoffs that these employees may have to make. Some people choose to commute to work, clock in extra hours on the weekends or even working overtime to satisfy their company to and to get all of their work done. When you work for someone else, you are foregoing the opportunity to follow your own dreams and instead are spending your energy building someone else’s.

Some of your dreams you may have had since you were a child or maybe new dreams that have formed for you later in life, but no dream is too unattainable. Do you want to have enough money to vacation with your family each year? Do you want to make more time in your schedule to spend with your family and friends? Or is it that you want to be able to retire comfortably when you turn the right age? No matter what your dream may be, franchising should be considered when you are looking for a vehicle to achieve your dream.

Franchising as a Vehicle to Success
Franchising is just one possible option that may stand before you, but it’s important to take a deeper dive into this possibility because it offers many benefits. Franchising is a great vehicle to self-sufficiency because investing in a franchise model enables each individual to move from Employment to Empowerment. Because franchise brands are built upon proven systems and operations, franchise owners will truly never be alone in their business but will rather have a franchisor there to guide them when they need.

Franchising allows business owners to work for themselves but not by themselves, giving these franchisees a new sense of freedom in their career path. Franchisees can determine how aggressively they want to grow their businesses or not. For those who decide to give it their all, there is a direct correlation with the reward they reap – unlike when you are working hard for someone else. Become your own boss and call the shots!

Explore Your I.L.W.E.

Contact a Coach at The Entrepreneur’s Source Franchise Today!
Are you looking to find a way to achieve your POD? Contact a career coach at The Entrepreneur’s Source franchise today.  E-Source coaches are trained in helping their clients find a path to success through franchise ownership and can help you every step of the way.

Contact a Coach at The Entrepreneur’s Source Franchise Today!
Are you looking to find a way to achieve your POD? Contact a career coach at The Entrepreneur’s Source franchise today.  E-Source coaches are trained in helping their clients find a path to success through franchise ownership and can help you every step of the way.

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The Entrepreneur’s Source on Why You Should Keep an Open Mind in your Franchise Search

The Entrepreneur’s Source on Why You Should Keep an Open Mind in your Franchise Search

It’s hard to be completely objective when searching for franchise opportunities, but when going into your franchise search its vital to helping you find the right opportunity for you. It’s our basic instinct to stick to what we know and to fear the unknown, but doing so may not always benefit you. Today, The Entrepreneur’s Source franchise evaluates why aspiring franchisees should keep an open mind when going into their franchise search.

Don’t Limit Your Franchise Search
There are many ways that prospective entrepreneurs may limit their franchise searches from the beginning without even being aware that they are doing so.

One of the most common blunders that alternative career coaches at The Entrepreneur’s Source find their clients doing is limiting their franchise search from the get go. A limited view of the possibilities can cause an individual to invest in a franchise mismatch, which may set the franchisee up for failure from the start.

For example, if you go into your franchise search thinking “I am only going to look into the QSR and salon segments,” then you may actually miss the perfect franchising opportunity for you. In fact, E-Source coaches find that 95 percent of their clients end up discovering and investing in a business prospect they may not have considered beforehand or admittedly had prematurely dismissed.

Similarly, many people go into their search thinking that they should only invest in concepts they are familiar with or have past experience in, but this actually falls into one of the top 5 franchising myths. Believe it or not, but businesses that are built upon a business owner’s past knowledge and expertise have the highest incidence of failure. Past experience oftentimes leads business owners to overthink their decisions and look at each of their decisions from a microscopic lens, failing to see the bigger picture and leading to bad decision making.

How a Coach Can Lift Your Limiting Beliefs
There are thousands of franchise systems out there, so it’s natural to feel overwhelmed at first. How is someone to sift through all of these franchise concepts to find the right fit for them? That’s where an alternative career coach at The Entrepreneur’s Source can help. E-Source coaches are experts in the field of franchising and know the ins and outs of the industry.

Coaches will guide their clients through The Discovery Process, which is aimed at helping individuals define their goals, needs and expectations while also educating them on the franchise industry. This oftentimes proves to be an empowering experience for aspiring entrepreneurs because they learn not to jump to conclusions based on their previous perceptions of a business. Together, a coach and a client will uncover the client’s Possibilities, Options and Dreams (POD), and with collaboration will find the right franchise fit. Even if the opportunity isn’t what the individual may have previously considered, E-Source coaches will help explain the factors that make the optimal opportunities at hand better for that candidate than the rest.

Contact a Coach at The Entrepreneur’s Source Today!
For more information about how a coach at The Entrepreneur’s Source franchise can help you lift your limiting beliefs, contact a coach today.

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The Entrepreneur’s Source Explores the F Words that May Hold You Back from Self-Sufficiency

 

The Entrepreneur’s Source Explores the F Words that May Hold You Back from Self-Sufficiency

If the pathway to self-sufficiency was free of obstacles and challenges, then everyone would take it. Unfortunately, obstacles and challenges do exist and they sometimes prevent individuals from taking the leap to business ownership.

When an individual starts to consider job opportunities outside of the standard, corporate 9-5 options, they will inevitably run into what The Entrepreneur’s Source calls the F words: Frustration, fear, financial constraints, family and friends. Today, The Entrepreneur’s Source examines these obstacles that may be holding people back from reaching their ultimate dream of self-reliance.

Frustration
Those who suffer from the Battered Career Syndrome know frustrations all too well: Feeling unappreciated in the workplace, staying in a dead-end job with no room for growth, not feeling inspired by the work they are doing. When examining frustrations, there are two different kinds: Healthy – the motivational kind, and unhealthy – the form that can become paralyzing. Regardless of if you’re suffering from the healthy or unhealthy kind of frustration, you can learn to channel your frustration by exploring your alternative career options.

Fear
Big or small, we all suffer from fears, but when it comes to fears associated with one’s career, these fears tend to become overwhelming and taxing. Most people worry about limited career options, if they possess transferable skills, keeping up with technology systems and the like. However, when deciding to move from Employment to Empowerment, the biggest fear most people encounter is the fear of self-employment. Other common fears include fear of change, fear of the unknown and fear of success. When an individual is able to recognize these fears and channel them to become motivation, then they truly will have the ability to overcome them.

Financial Constraints
Many people ward off the idea of investing in a business opportunity because they don’t think that they are financially able. However, what most people don’t initially understand is that there is an abundance of ways to finance a business and there are plentiful financing options available to small business owners and franchisees. However, no matter what financial state an individual is in, they will likely be able to find a financing option for their unique needs.

Family and Friends
Family and friends may be the most unlikely of sources that may hold you back from achieving your entrepreneurial dreams, but their holdup may be a reality for some. Whether an individual has the support of his or her friends in achieving their dreams may be the single most important factor whether an individual will eventually decide to leave their traditional career behind. Investing in a business opportunity is a risk, and this sometimes this may worry friends and family members that rely on an aspiring entrepreneur. However, it’s important to remember that staying in a stagnant career is also a risk, and friends and family members should be reminded of this as well.

An individual doesn’t have to experience all four of these obstacles to become debilitated in their ability to become an entrepreneurial, it just takes one. Realizing and being able to identify these obstacles exist is the first step in the process of trying to overcome them and ultimately reaching self-sufficiency.

 

Taking the leap from Employment to Empowerment is a big step, and you don’t have to do it alone. Alternative career coaches at The Entrepreneur’s Source can help guide you through the process of becoming a business owner. For more information about how an alternative career coach can help you move from corporate America to entrepreneurship, contact a coach today http://www.entrepreneurssource.com/contact.html

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The Entrepreneur’s Source Reviews The Coaching Advantage

The Entrepreneur’s Source Reviews The Coaching Advantage

Franchise business coaching is not consulting or brokerage—in short, the role of a coach is to help discover what a franchise business can do for you and which business will best meet your individual income, lifestyle, wealth and equity goals.

“Business coaching is about listening to and looking at the individual client’s goals, needs and expectations, and then allowing them to discover business opportunities in a safe space,” said The Entrepreneur’s Source founder Terry Powell.

Utilizing a business coaching methodology developed over 30 years of success, The Entrepreneur’s Source focuses on collaboration to not only find a business that will lead you to your goals but one you can be passionate about.

Here are 3 Tools Business Coaches Bring to the Table:

  1. An Insider View of the Franchise Industry: Working with a franchise business coach gives you the educational foundation you need to understand the workings and makings of the franchise industry. Say for example you are exploring business ownership on your own and get unknowingly involved in an owner-operator business model—this means you have to be there for day-to-day operations of the business. If your desired needs and expectations actually fit a semi-absent business model where you could hold a full-time job, but still build income, wealth, and equity, you may end up unhappy and unsuccessful within an owner operated model. Gaining an education and understanding of the various franchise models and industries is very important not only to the success of your business but the meeting of your desired lifestyle and goals.
  2. Personalized Business Opportunities: You may have a perception of what business ownership looks like for you, but a business coach can help you take that vision and apply your unique background and skills to find a business opportunity that will help meet your income, lifestyle, wealth and equity goals. Oftentimes, candidates find that the business best suited to help meet their ILWE goals, in the long run, is not the business they had envisioned from the start. A coach will not discount anything you tell them—but as they learn more about you, they gain a better understanding of whether the type of business you initially envisioned is indeed a good fit or not, based on several factors discovered throughout the Discovery Process. Coaches simply ask you keep an open mind to the possibilities. Most people’s skill sets are highly transferable—meaning the right franchise will teach you the business step-by-step. A coach can help you find a business that sparks a passion that you didn’t even know you had.
  3. A Network of Ongoing Support: The coaching process is a journey, from the initial stages of your coach learning about you and your background, to teaching you the franchise industry, defining your goals, needs and expectations and ultimately identifying you a franchise match. A coach’s purpose during the Discovery Process is to make sure you are having a positive educational experience, as well as not making decisions based on perception. Coaches remain actively involved and supportive from the time you are introduced to a business, to the stages of helping you find a franchise attorney for document reviews and even introductions to CPAs. Entrepreneur’s Source coaches have a network of strategic professional relationships, so when you do become a business owner, you have the support of professionals who are not only experts in the franchising industry, but are also sensitive to first-time business owners. Many coaches keep in contact with their clients even after they become business owners to make sure they’re not only successful but satisfied with their business decision.

The Coaching Advantage – A Secret Weapon to Finding Your Franchise Match

Overall, the coaching process creates a space for you to evaluate your income, lifestyle, wealth and equity goals and to find the right franchise business opportunity. “Coaching means helping somebody see a possibility that they could not see themselves. There are many days when we believe in our clients’ dream more than they do themselves,” said The Entrepreneur’s Source Brand Manager Tamara Loring. “Our coaching process allows for a client to realize and believe in his or her potential because we tap into their motivators. We are there to hold them accountable to not giving up on their dreams.”

 

Take the First Step: Learn more and take the first step and connect with an Entrepreneur’s Source Coach Contact a Coach at The Entrepreneur’s Source®  http://www.entrepreneurssource.com/contact.html.

 

 

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