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The Entrepreneur’s Source Reviews: Franchise or Startup? How to Decide

The Entrepreneur’s Source Reviews: Franchise or Startup? How to Decide.

The U.S. economy has shifted, and for many, it’s shifted for the better! So many, in fact, that it’s been dubbed the “YOU2.0® Economy”. Every day, more and more individuals are breaking free from the controlling 9-to-5 employment setting and discovering limitless possibilities of the YOU2.0® Economy. Fueled by the desire to improve their lives and the lives of their families many have chosen to take back control of their lives and careers through small business ownership.

The largest and most developed research program on entrepreneurship in the world: GEM (Global Entrepreneurship Monitor), just reported a record high. Over 27 million working-aged Americans- nearly 14% are starting or running a new business, and according to some experts, more than 50% of all workers will be self-employed by 2020.

The excitement associated with starting a new business often attracts those individuals with an entrepreneurial spirit. From finding a space to making stock purchases and closing deals, the thrills are endless. However, so are the headaches for many who make the leap into opening their own business.

To negate many of the problems associated with starting a new business, many decide to invest in franchising as the best of both worlds option. A franchise system provides an individual with professional freedom, yet a proven system that can be depended on. As a result, entrepreneurs’ can escape many of the common problems associated with startups, including:

  • 1) Lack of operations. One of the greatest pitfalls of starting a new business is a lack of knowledge and connections necessary for conducting regularly scheduled operations. A new business owner must start from scratch and develop every process and procedure for the minute details to the large tasks. Franchising provides built-in operations and the direction, advice necessary for getting a successful business up and running.
  • 2) Marketing. If a business doesn’t have a marketing and advertising plan, does it even exist? Franchising provides an individual access to instant marketing collateral and name-brand recognition – important when first starting out and maintaining a customer base. In addition, most people are not experts in everything. If a professional’s business involves dry cleaning, for example, he or she has focused their attention on related processes and skills – not marketing. Investing in a franchise allows an individual to benefit from access to marketing guidelines, feedback, and best practices.
  • 3) Staff training. What are the staffing requirements necessary for a business? This can vary greatly, even within an industry, and how should employee training be implemented to ensure maximum efficiency? Franchise systems come with prepared staff training regiments that are proven effective.

Are you ready for the YOU2.0 Economy? Do you want to be in business for yourself but not by yourself? Visit FranchiseMatch.com powered by The Entrepreneur’s Source®. Discover what opportunities match your Income, Lifestyle, Wealth, and Equity (ILWE) needs. Ninety-five percent of the people who work with coaches from The Entrepreneur’s Source® discover a business opportunity that they would have never considered on their own.

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The Entrepreneur’s Source invites you to be our guest at Franchise Expo West

Join The Entrepreneur’s Source® plus thousands of entrepreneurs and future business owners at Franchise Expo West at the Colorado Convention Center, Thursday, Oct. 6 through Saturday, Oct. 8, 2016. Take advantage of this rare opportunity to discover over 200 proven franchise opportunities, full-time and part-time, in every industry, and at every investment level.

“Whether it’s the business-minded person who’s been waiting to become their own boss for years, or a new graduate looking to get into franchising, Franchise Expo West offers reliable franchise opportunities for entrepreneurs in all walks and stages of life,” said Tom Portesy, president and CEO of MFV Expositions, producer of Franchise Expo West. “Franchise Expo West offers eager business prospects the chance to grow to unimaginable heights through franchising. There is no better way to get that process started than to interact one-on-one with seasoned franchise executives to discuss ownership opportunities and experience exceptional educational programs.”

We don’t expect you to attend just because it is the premier franchise event in the western U.S.  No, we’re giving you five additional reasons on top of that to come to Franchise Expo West and VISIT OUR BOOTH, #422.

  • See it for yourself! Meet face-to-face with over 200 of the top franchise brands. Take advantage of all these opportunities under one roof, over just three days!
  • Hear it for yourself!  Learn about the franchise industry as a whole. Dig deeper into the nuances of franchising through attending in-depth educational workshops. Get educated on how to be successful from the start through the over 60 free seminars offered.
  • Meet with financial experts.   Discover how to best fund your franchise and how to budget for your future. There are more options today than ever before for funding your business. Get answers on which is the best option for you and explore alternatives to bank loans that may surprise you.
  • Meet with an ESource coach who can help you discover your “Franchise Match.”  Visit The Entrepreneurs Source® Booth #422.  Esource coaches help their clients discover opportunities that will help them achieve their unique goals. We are trained in asking our clients questions to allow them to better explore their dangers, opportunities, and strengths and learn about vehicles that can help them accomplish their Income, Lifestyle, Wealth, and Equity (I.L.W.E.) Goals. Your ESource alternative career coach will never charge for their time. There may be a book or a resource they may suggest you invest in, but that is entirely up to you. All they want is your commitment to be coachable and open to possibilities.
  • Our readers get FREE admission. The Franchise Expo West costs $10 to register in advance and $20 at the door, but those who pre-register at      www.betheboss.com        will receive a complimentary pass to attend the show.

Here are a few tips to get the most out of your Franchise Expo West experience:

  • Keep an open mind. There are many kinds of companies, ranging from retail to business services, storefront to home-based, and everything in between. Some may be familiar; some may not.
  • Don’t limit yourself to what you’ve done before. Most franchises do not require prior experience in their given industries. More often, they prefer owners who have basic business management, sales, or marketing experience. They will train you in their franchise system.
  • This is only a starting point. The purpose of this event is to provide education and information about franchising. It is a great opportunity to gain exposure to the many benefits of franchising and learn about many different business options. Your Coach at The Entrepreneur’s Source® can advise you about other available options as well.

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The Entrepreneur’s Source Asks the Question: Is a Myth Keeping You from Becoming a Legend?

The Entrepreneur’s Source Asks the Question: Is a Myth Keeping You from Becoming a Legend?

The Entrepreneur’s Source Founder Terry Powell Explains 

Terry Powell

A business is simply a vehicle that gets you to your goals. Some people think you have to have an emotional connection to a business to be successful. The reality is successful people are in “the business of business.” They don’t have a love affair with the product or service.

“Growing up, it seems most people are taught to ‘do what they love’ or to find an occupation they are passionate about. This way of thinking is all well and good, but what happens when that passion doesn’t bring you anywhere near your goals?” said Powell.

The type of business you choose is less important than its ability to get you where you want to be. In essence, the vehicle is not nearly as important as the destination. The Entrepreneur’s Source has the tools and experience to guide you.

When you own a business, your concentration is on running that business, not working in it. Studies show that when people are truly passionate about the service or product their business produces, their business judgment can get clouded, and they tend to get stuck doing the technical work, giving them less chance of ongoing success.

There are 5 common franchising myths that have kept many aspiring entrepreneurs from achieving success through franchising. So, don’t rule anything out! Keep an open mind when exploring your options—you may be surprised at the possibilities that present themselves.

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The Entrepreneur’s Source Explains How to Triumph Over The Battered Career Syndrome

Triumphing Over Battered Career Syndrome: The Entrepreneur’s Source Explains How 

Nearly half of all middle-class Americans are not confident in their ability to save sufficiently for retirement. In the post-recession economy, workers are still struggling to gain a foothold on their professional growth. Work satisfaction surveys point an even gloomier employment picture.

Even the growth in worker confidence recorded in the first quarter of 2016 by The Retirement Confidence Survey isn’t enough to combat perpetuating Battered Career Syndrome. Professionals subjected to downsizing, tightening budgets and outsourcing are feeling the burden of the employment climate.

A coaching environment can provide professionals suffering from Battered Career Syndrome a new perspective on career development options. The Entrepreneur’s Sources works with individuals wanting to take control of their professional and personal future to achieve the Income, Lifestyle, Wealth and Equity they and their families deserve.

“We want people to stop settling for the ‘New Normal’,” said Terry Powell, founder of The Entrepreneur’s Source, North America’s leading career and franchisee business coaching company. “We are dealing with a New Career Economy domestically and worldwide where employment conditions have forever changed. The days of long-term job security and a lifetime with one company are gone. Employers have been forced to get lean during these economic times, and the lesson they learned is that a smaller workforce can pick up the slack, and employees can do more than one job.”

Powell believes there are four key areas of self-discovery individuals should consider to help determine their best professional path:

Evaluate your Opportunities
Professionals driven to go from Employment to Empowerment® are recommended to create a checkpoint list of necessary desires. Outlining expectations allows an individual to measure performance and set goals.

Assess your Strengths
Identify professional and personal strengths and weaknesses and what opportunities best reinforce an individual’s value in the workplace.

Own a List of Clearly Defined Short- and Long-term Goals
Establishing desired Income, Lifestyle, Wealth and Equity (ILWE) goals define the big picture and provides professionals with short- and long-term projects to work toward. By focusing on both short-term (Income and Lifestyle) and long-term objectives (Wealth and Equity), the ILWE creates a framework for long-term application while growing a successful business.

Accept Guidance and Support from Others
Somewhere along the line, accepting help seemed to become synonymous with admitting defeat. Not true! Life throws a million things at the average person, accepting the assistance of a trained professionals demonstrates confidence and strategic thinking. Individuals can better realize their goals by enlisting the help of a career transition coach or business coach.

Are you ready to turn your career around? Contact an alternative career coach today at The Entrepreneur’s Source® to get started on your journey to career fulfillment

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The Entrepreneur’s Source Reviews Why Women-Owned Businesses Are Thriving

The Entrepreneur’s Source Reviews Why Women-Owned Businesses Are Thriving

Women who own small businesses continue to make an impact among entrepreneurs nationwide —According to the State of Women-Owned Businesses Report produced by American Express, women-owned firms now make up 30 percent of all businesses in the U.S.

As of 2016, it is estimated that there are now 11.3 million (11,313,900) women-owned businesses in the United States, employing nearly 9 million people (8,976,100) and generating over $1.6 trillion ($1,622,763,800,000) in revenues.

 

Judy Stoleson, successful Entrepreneur’s Source Coach – recently shared her insight on how women can become empowered through business ownership.

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

Below are three key traits Judy feels fuel women in business: communication, initiative, and emotional intelligence.

Effective Communication. Carefully thinking before speaking and strategically choosing what and how to communicate specific information is vital to running a successful business.  Studies have found that women actually use fewer words and have a better command of the English language than men.

However, an important part of effectively communicating is not only speaking efficiently, but listening as well. Women have the ability to both listen to customers and clearly communicate with employees what needs to be done.

Initiative. A recent Forbes article cited research by Zenger Folkman stating, “Two of the traits where women outscored men to the highest degree — taking initiative and driving for results — have long been thought of as particularly male strengths.”

Many women are willing to take the initiative toward improving their income, lifestyle, wealth and equity through business ownership, and are often rewarded for their sacrifice. Reports found one-third of women actually spend more time with their kids as a result of running their own businesses.

This could be attributed to the fact that women (and men) business owners both reported “multitasking” as their number one skill. Even further, a study found women are actually better at multitasking, even with conflicting tasks, than men.

Emotional Intelligence. Women often possess the innate ability to sense a person’s feelings, and coupled with their strong listening skills, this emotional intelligence gives them a competitive advantage over men when running a business.

Another principle of leadership women possess is the ability to inspire. They can listen to someone else’s ideas and collaborate to make people feel like a team. It’s not across the board, but many times, collaboration comes naturally to women and helps to increase the intelligence of the entire group.

Several studies have cited that women in leadership positions deliver a higher return on sale, a higher return on invested capital and a higher return on equity. As companies start to realize this, whether a franchise company or a Fortune 500, I believe women will continue breaking through the obstacles.

I’m careful not to say that women business owners are always better, stronger or more equipped than men, but instead recognize that women have unique leadership principles weighted in their favor.

Take the First Steps Toward Business Ownership.

For those wanting to take the next step in the journey to business ownership, an E-Source Coach is a great resource to help you define your I.L.W.E. Goals and begin to explore business opportunities.

 

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