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The Entrepreneur’s Source Terry Powell on Overcoming Your Fears

The Entrepreneur’s Source Terry Powell on overcoming your fears.

In corporate America, work satisfaction is low, and confidence is even lower among many employees. According to a Gallup Study, over 70 percent of the U.S. employed population is unsatisfied in their careers. Working in corporate America often creates an inflexible and unpredictable atmosphere for many professionals. Even after years of hard work, a huge portion of Americans are still not confident in their ability to retire.

While the economy and job market continue to improve, why spend another year trying to survive the corporate grind and feeling like you are working on someone else’s dream instead of your own? If you identify with this feeling of distress, then you most likely are suffering from Battered Career Syndrome, and it’s time to break out of the mundane 9-5 work routine and at the very least explore your options. What do you have to lose?

Is fear of the unknown holding you back from learning and exploring something new and different? What if you were to find out that the fears you may associate with self-sufficiency are based on false evidence appearing real. Would it make a difference? Would it be worth it to you to learn about what’s out there that may allow you to finally take steps toward career satisfaction and true work-life balance?

Overcoming your Fears
Fear is one of the most paralyzing hurdles facing individuals who are seeking self-sufficiency. The Entrepreneur’s Source franchise advises to recognize fear for what it most likely is: False Evidence Appearing Real.

It’s incredibly important to keep an open mind during the process of becoming self-sufficient via business ownership to ensure that your fears don’t take over. The most successful business owners are frequently not experts within the field in which they choose to open a business in – rather they are in the business of business. These individuals have figured out that doing what you know, love and enjoy does not necessarily translate to success. You don’t need to be in love with a product or service in order to be able to capitalize on it.

“We have been helping individuals explore what it takes to be self-sufficient for over 30 years, and 95 percent of the business owners we’ve helped are in a business they admittedly never would have looked at on their own or would have prematurely dismissed,” added The Entrepreneur’s Source Terry Powell.

For more information about how you can overcome the fears blocking your path toward self-sufficiency, contact an alternative career coach at The Entrepreneur’s Source today. E-Source coaches are trained in guiding their clients through the process of overcoming their fears of self-sufficiency and ultimately finding an alternative career path that can lead them to their goals and aspirations.

To contact a coach today, click here: http://www.entrepreneurssource.com/contact.html.


The Entrepreneurs Source Reviews Why a Proactive Mindset is an Entrepreneur’s Best Asset

The Entrepreneurs Source Reviews Why a Proactive Mindset is an Entrepreneur’s Best Asset 

Individuals who tend to be proactive have a disposition geared toward taking intentional action, helping them create their own environment, future and fate. They don’t wait for others to make decisions or decide their future for them – they create their own path.

“In an entrepreneurial sense, this means that if you have a proactive personality you firmly believe that you control the fate of your business,” an Inc.com article noted. “Other factors – economy, competition, etc. – influence it, but you are responsible for its success.”

If this personality archetype sounds like you, then entrepreneurship via franchise ownership may be the right path for you. When it comes to franchise ownership, possessing a proactive mindset is an advantage. However, if you tend to stay reactive in situations, luckily for you this tendency can be easily transformed. Today, The Entrepreneur’s Source reviews why specifically it helps to have a proactive mindset in franchising and how you can work on transforming your mindset.

The Entrepreneur’s Source Reviews Proactivity in Franchising
Studies show that having a proactive personality can be an indicator of entrepreneurial aspirations and success. When you think about it, this makes sense. Many qualities that make for a successful entrepreneur are typically ingrained in proactive individuals. The main findings of this research stems from the idea that you can increase your likelihood of success by taking initiative more often.  Conversely, those who are reactive in nature aren’t as likely to sustain long-term success because they don’t take preemptive measures to change their results.

In terms of self-sufficiency, when you look at owning a business as a vehicle to success, possessing an active outlook is necessary. Many individuals suffering from Battered Career Syndrome make the decision to leave their corporate 9-5 job to have a bigger say and more control over their future by ultimately becoming self-sufficient. Having this hands-on worth ethic to take your future into your own hands is a sign of being proactive and can be a great fit for franchising.

As a franchisee, you are the decision maker in your business and you are responsible for the fate of your franchise entity. Although you have support of the franchisor and other franchisees in the system and the system guardrails are designed to save yourself significant time, energy and money, you will call the shots and others working at your establishment will rely on you for guidance and authority. Proactively taking measures and action to grow your franchise, communicate with employees and make sure that everything is running smoothly is essential to running your business.

Transform Your Attitude from Reactive to Proactive
If you don’t have a tendency toward taking proactive measures, don’t fret. Luckily for you, mindsets aren’t set in stone and can be dramatically transformed fairly quickly. Mindsets are self-created and are a measure of how much you believe and strive to influence your personal environment. Each individual has total control over his or her mindset; it is not forced upon you. Your attitude is about how you look at and respond to situations, and by consciously working on changing your attitude you truly can achieve a more positive outlook. In addition, it helps to surround yourself with forward-thinking individuals, people who will model behavior and respectfully challenge you on your blind spots.

Self-sufficiency is a process and doesn’t happen overnight, and to ultimately achieving this dream it may take some personal work. Do you want to make the decision to work toward becoming a more proactive individual? Well, the good news for you is this is the first step in transforming your mindset. Making the decision that you want to become more proactive in itself is an active measure. To continue transforming your mindset, start with these small steps which can make big differences:

  • Turn a negative situation into a positive situation (there is always opportunity, even if the opportunity is, leaving a bad situation behind)
  • Find a minor problem and consciously tackle it head on
  • Embrace a change in your life rather than fearing it
  • Set a small goal, and pursue it until you reach it
  • Take fault for something, and shake it off

By consciously deciding to take these simple, smaller actions, you can help shift your tendency towards becoming more proactive – which can help you on your dream to becoming self-sufficient.

Contact an Alternative Career Coach at The Entrepreneur’s Source
You don’t have to be alone in your mindset transformation. An alternative career coach at The Entrepreneur’s Source franchise can help guide you through the process. To contact an alternative career coach at The Entrepreneur’s Source, visit this website: http://www.entrepreneurssource.com/contact.html.


The Entrepreneur’s Source: Leadership, Relationship and Opportunity

3 Pillars of Coaching at The Entrepreneur’s Source: Leadership, Relationship and Opportunity

At The Entrepreneur’s Source franchise, alternative career coaches are people who you can trust. It’s their job and passion to form a valuable bond with each client in which they can guide the client toward a future that’s in the clients’ best interest.

“Coaching is about listening to and looking at the individual client’s goals, needs and expectations, and then allowing them to learn more about vehicles that have the potential to meet these goals, needs and expectations in a safe space,” said founder of The Entrepreneur’s Source Terry Powell.

Over our 30 years in business, The Entrepreneur’s Source has refined its coaching methodology to revolve around three pillars of coaching: Leadership, relationship and opportunity. Without these three elements, a coaching relationship wouldn’t be effective or beneficial. At The Entrepreneur’s Source, each coach is trained to excel in each of these pillars to help each client to the maximum. Today, we break these three pillars down.

When a client first turns to an alternative career coach, one of the biggest things they tend to seek is leadership and guidance. They ask themselves, Who can lead me out of this mess and guide me to a better life?”  They often fear the complexity of the journey that lies ahead and may have even started on this path previously but turned back as their uncertainties and worries arose. These individuals don’t desire working at the process alone and instead are seeking help and direction.

These people are looking for the kind of leadership that provides direction and a safe environment to learn, grow and explore their options. Coaches at The Entrepreneur’s Source help their clients by providing them the structure by which they can find their internal compass to lead them through their journey to self-sufficiency. If for any reason they veer off the path, a coach will be there to lead them back in the right direction, providing the guidance and leadership that is required.

Many employees in corporate America have come to the realization that the systems, institutions and organizations which they depended on in the past are no longer reliable or trustworthy. The relationship pillar of the coaching partnership seeks the answer to the nagging question, “Who can I trust to help me?”

The coaching methodology at The Entrepreneur’s Source helps to fill this void, introducing you to a win-win relationship with your coach that you can count on. Our coaches are in the business of bettering people’s lives and futures, and they don’t succeed unless their clients reach a point of clarity about the options that exist for them to a better career and personal happiness. This relationship is formed as a byproduct of empowering clients to see their options clearly and working to create a bond that brings their relationship to a place of trust. This relationship has the ultimate potential to open up a world of possibilities for each client striving to become self-sufficient.

Once the first two pillars have been established, each client can begin to see beyond his or her blind spots and embrace the possibilities they never considered before. This pillar is introduced when an individual aspiring to become self-sufficient asks themselves “What Possibilities, Options and Dreams do I have?”

Each coach at The Entrepreneur’s Source helps their clients explore what their unique Possibilities, Options and Dreams may be and evaluate which options exist to help their clients achieve their Income, Lifestyle, Wealth and Equity (I.L.W.E.) Goals. Working with a trusted coach who provides direction makes it easy for clients to explore their options – conventional and unconventional – in a safe space. Being able to see clearly and focus on new opportunities can help them better see what opportunities may lay ahead, better enabling each individual’s mindset and career to blossom.

For more information about what an E-Source coach may be able to offer you, contact a coach at The Entrepreneur’s Source franchise today http://www.entrepreneurssource.com/contact.html.


The Entrepreneur’s Source Reviews Franchising 101

Franchising 101 From The Entrepreneur’s Source® 

Have you been longing to make a career change, but haven’t taken the necessary steps because you don’t know the options that stand before you? Well, there are plenty of vehicles to success that may be the right fit for your Income, Lifestyle, Wealth and Equity (I.L.W.E.) Goals and the future you envision for yourself. Do you want to spend more time with your family? Do you want to be your own boss? Do you wish to live a more comfortable lifestyle? If these are some of your I.L.W.E. Goals, then franchising may be the great way for you to attain the success you desire.

Franchising is one of the largest and most profitable industries in the U.S. In 2015, the franchise sector is predicted to grow at a faster pace than the rest of the economy. Why wouldn’t you want to capitalize on the franchise sector’s great development potential as a route to self-sufficiency?

However, franchising is vast and can be complex, so it’s important to have an understanding of the basics of the franchise industry before taking the leap of faith. Today, The Entrepreneur’s Source® reviews the basics of the franchising industry that all aspiring franchisees should have a grasp of before investing in a franchise opportunity.

The Entrepreneur’s Source® Reviews Franchising 101

Q: What’s franchising?
A: According to the U.S. Small Business Association (SBA), franchising is a way of doing business. A franchise brand and an aspiring franchisee or entrepreneur sign an agreement in which licenses, trademarks or systems are invested in for use by the aspiring entrepreneur. The key to franchised businesses is that they have proven business models in place with established systems and processes which makes them replicable and duplicable. There are thousands of different franchise concepts in the marketplace today in over 70 different industry sectors (restaurants, personal care, automotive etc.)

Q: Who’s a franchisee?
A: You are the franchisee. A franchisee is the individual in the franchise agreement who purchases the right to operate the business under the franchisors name by using their licenses, trademarks, methods, procedures and/or systems.

Q: Who’s a franchisor?
A: The franchisor is the parent company that grants the franchisee the right to use the licenses, trademarks, methods, procedures and/or systems.

Q: How much does a franchise cost?
A: Depending on the specific type of franchise that an aspiring franchisee is looking to invest in, costs vary greatly. Some lower investment franchises can cost as low as $10,000, however some franchises can cost up to $5 million. All franchise systems have a franchise disclosure document (FDD) that can be made available to those interested in an available franchise opportunity. This document outlines the franchise agreement and terms of the agreement in a list of items, including all of the associated costs. There are three main costs that franchisees typically pay to the franchisor:

  1. Franchise Fee: This can be found in Item 5 and is a one-time fee. The franchise fee is the amount of money that a franchisee pays to the franchisor initially to virtually “buy into” the franchise system.
  2. Initial Investment: This can be found in Item 7 of the FDD and outlines the costs that the franchisee will need to pay in order to open the franchise and get it off the ground and running. Necessities such as real estate, equipment purchases and business licenses are factored into this cost.
  3. Royalty fee: The majority of franchisors have their franchisees pay them a recurring royalty fee on a weekly, monthly or yearly basis. These royalties are typically total to a certain percentage of the franchise location’s gross sales.

Q: Do franchisees receive any support?
A: Franchisors provide continual guidance and support to their franchisees. Franchisees pay their franchisor a royalty fee in their agreement to use their properties, so franchisors only succeed when their franchisees succeed. Franchising is a great alternative for individual aspiring to become self-sufficient but don’t completely want to be in their business alone.

Q: Do I have to work in my franchise full-time?
A: Most franchisees do work in their franchise as a full-time position – trading in their previous 9-5 job for complete franchise ownership. However some franchise brands offer semi-absentee franchise ownership option in which the franchisees typically works 10-15 hours a week in their franchise once it’s up and running. For more information about semi-absentee franchise ownership, learn more by clicking here.

Is Franchising the Right Fit For You?
Do you want to learn more about the franchise industry and if it may be the right fit for you to achieve your self-sufficiency dreams? Contact an alternative career coach at The Entrepreneur’s Source®. E-Source coaches are seasoned with franchise knowledge and are trained professionals in helping their clients identify if franchising is right for them. Contact a coach at The Entrepreneur’s Source®  franchise today: http://www.entrepreneurssource.com/contact.html.