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The Entrepreneur’s Source Profile: A Valentine’s Day Story

The Entrepreneur’s Source Profile: A Valentine’s Day Story of One Couple’s Personal and Professional Success

Magnus and Karin Olason just might be considered an international power couple. Magnus is from Iceland, Karin from Brazil. They met as key corporate representatives, on teams of their two, respective food processing manufacturing companies, discussing an eventual merger. But, the seeds of a more personal merger were sown there.

“Seeing her for the first time was like being hit by a bolt of lightning, “says Magnus. “I pretty much knew from that meeting I wanted to have a relationship with her.”

Karin also felt the electricity in that first meeting.

“The attraction was almost immediate with me as well. It’s one of those things when you know, you just know.”

Karin and Magnus first 7 dates were something out of a romance novel. They rendezvoused in 7 different countries, including Italy, Holland, England, Brazil, and the US. Then Magnus, totally smitten by now, left his company, to take a job with Karin’s company in Brazil. They worked side by side, eventually marrying in 2009. But it was during this time, the seeds for another type of partnership took root.

“We both were entrepreneurially oriented,” according to Magnus, “but we also had children from previous relationships, who needed our care and support. We had to put business ownership on the back burner, but for a very good reason.”

Two years ago, the couple moved to the US when Magnus’ company transferred him here. All but one of the children were grown and gone. Karin and Magnus realized if they were going to pursue their entrepreneurial dream, it was now or never.

“We worked with Jeff Levy, an Alternative Career Coach from The Entrepreneur’s Source®, who helped us greatly work through our education, awareness, and discovery process of finding the best fit possible for business ownership that would meet our Income, Lifestyle, Wealth and Equity goals,” remembers Karin.

“Magnus and I were impressed with the coach’s attention to detail, as well as his support of us. He never tried to push us into anything. He laid out the facts, then allowed us to make the decision.”

The couple eventually chose an established “College Hunks Hauling Junk” franchise in the Seattle area. But Magnus had some initial doubts.

“I remember looking at our coach after he presented us with this possible match with “Hunks”, recalled Magnus, “and I sarcastically said, “I have always dreamed of a business like this.” But after really digging into the company’s model, value, scalability, and other points, I was all in.”

They have owned the franchise for 2 months, and have really meshed well as a team, separating the duties between themselves. Magnus takes more of the overview of the franchise, while continuing to work for his company. Karin is more of the day to day operations. Both are putting in 12- hour days, and Magnus will even jump on a truck during the weekends to get a better feel for the work and their employees. Together, Karin and Magnus believe they’re changing the culture of the franchise to one of being more client satisfaction focused. They believe the business has a potential to make $1M this year, while projecting even greater growth for next year.

But even spending so much time together, with the pressures of starting a business, they have managed to keep their personal relationship, first.

“We realized these first couple of years, the business would be all-consuming,” says Karen, “but because we already had such a solid relationship in place, we’re able to maintain a sense of normalcy. I would advise any couple wanting to own their own business that having that kind of foundation is an absolute necessity in running a business together.”

Magnus agrees, but conflict is only natural among couples. However, he offers this insight for making sure there is resolution.

“Communication. There has to be lots of communication for this to work,” says Magnus. If we do have a business- related disagreement, which is rare, we just talk it through until we can both reach a conclusion beneficial to the business. Because Karin’s in charge of day to day operations, I respect her opinion, and she respects mine as well. We both have great confidence in each other’s skill-sets.”

If you’re ready, like Karin and Magnus, to become empowered, and not just employed, while really defining your Income, Lifestyle, Wealth and Equity (I.L.W.E.) goals, The Entrepreneur’s Source® wants to talk with you. Just click on this link http://www.entrepreneurssource.com/contact.html to get started.

 

 

 

 

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The Entrepreneur’s Source Ranked a Top Franchise in Entrepreneur’s 39th Annual Franchise 500®

The Entrepreneur’s Source Ranked a Top Franchise in Entrepreneur’s Highly Competitive 39th Annual Franchise 500®

The Entrepreneur’s Source®(TES), the nation’s leading alternative career coaching franchise, proudly announces its inclusion in the exclusive Franchise 500® by Entrepreneur magazine, the world’s first, best and most comprehensive franchise ranking. TES checks in at #333, this year, and is proud of its most recent of many placements in the prestigious rankings.

“We’re already working on another record-breaking year, following last year’s phenomenal success, as our plans are to add another 55 Franchisees this year.  To receive this recognition in the new year from the Franchise 500 is something we can all celebrate,” says Terry Powell, Visionary Founder of The Entrepreneur’s Source®. “It’s more evidence of the ongoing dedication and hard work of our team, and our dedicated Career Transition Coaches to provide education, awareness and discovery to all those seeking alternative career paths.”

The Franchise 500® is recognized by entrepreneurs and franchisors as a top competitive measure highlighting exceptional performances in areas such as financial strength, stability, growth rate, and brand recognition. Placement in the Franchise 500® is a highly sought-after honor in the franchise industry, as evidenced by the fact that Entrepreneur received more than 1,000 applications this year, making it one of the company’s most competitive rankings ever.

“This year’s Franchise 500 ranking features both up-and-comers who bring fresh ideas to an ever- changing industry, as well as savvy stalwarts that have thrived for decades. We are proud to highlight and celebrate them all,” says Jason Feifer, editor in chief of Entrepreneur. “Our results show that the industry is strong—and that the most enduring franchisors are those who learn to balance innovation with reliability. That’s how to attract new customers while keeping the old ones happy.”

The key factors that go into Entrepreneur’s evaluation include investments and fees, size and growth, support, brand strength, and financial strength and stability. All franchises are given a cumulative score based on more than 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500® in ranking order.

Over its 39 years in existence, the Franchise 500® has become both a dominant competitive measure for franchisors and a primary research tool for potential franchisees. TES’ position on the ranking is a testament to its strength as a franchise opportunity.

Results can be viewed on Entrepreneur’s site and also can be seen in the January/February issue of Entrepreneur, available on newsstands January 16th.

For more information about The Entrepreneur’s Source®, please visit www.entrepreneurssource.com.

About The Entrepreneur’s Source®
Established in 1984, The Entrepreneur’s Source has been North America’s leading alternative career coaching franchise dedicated to the entrepreneur for the past 34 years.  Today, with more than 120 offices in the United States and Canada, The Entrepreneur’s Source® continues to dominate the $1.5 billion-dollar Business Coaching/Consulting franchise market in North America.

The Entrepreneur’s Source network of franchise coaches offers a full range of services to individuals seeking alternate career options and to franchise businesses looking to increase performance. For more information about The Entrepreneur’s Source®, please visit http://www.EntrepreneursSource.com/.

The Entrepreneur’s Source is a trademark of TES Franchising, LLC.  All rights reserved.

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The Entrepreneur’s Source Invites You To: Start a Business Weekend!

You’re invited: Join us Thursday, January 25 – Saturday, January 27, 10AM-10PM at the Start a Business Weekend online event powered by The Entrepreneur’s Source.

How Wildly Successful is Start a Business Weekend?  Start a Business Weekend®, is the country’s largest virtual Franchise Expo in North America with over 170 national franchise exhibitors showcasing their opportunities to thousands of prospective business owner attendees.

  • Sounds impressive, right? So let’s take a closer look…

Picture this: A free event that allows people seeking self-sufficiency to:

  1. Virtually visit over 170 franchise brands.
  2. Explore multiple business opportunities without leaving their desk, couch, beach chair.. (you get the idea)!
  3. Connect directly with their own personal The Entrepreneur’s Source® franchise coach: who by the way are the most trusted resource in franchising and alternative career coaching nationwide.

Terry Powell, Visionary Founder of The Entrepreneur’s Source® and the driving force behind Start a Business Weekend, is proud that his company’s virtual expo has attracted so much attention from prospective franchisees and franchisor partners.

  • So what’s the secret?

“I had seen the virtual expo concept used successfully with other business models and believed it could be even more successful in the franchise arena,” said Powell. “So, we embraced it as a key component of our franchise coaching business at The Entrepreneur’s Source (TES) and it has just taken off.

Powell adds, “nothing embodies the entrepreneurial spirit like the cutting-edge technology which fuels these virtual expos. It brings together top thinkers and magnetic keynote speakers, while allowing exploration of outstanding business opportunities at no cost to the attendees. That’s one goal we have stressed in the 5 years of doing this.”

  • It’s simple…

“Start a Business Weekend’s goal is to offer attendees as much personal, one on one interaction as possible, making ourselves available to talk with them about any aspect of Start a Business Weekend® or business ownership. It’s one of the most powerful educational programs we offer at The Entrepreneur’s Source® as North America’s leading alternative career coaching franchise“ said Powell.

More than a thousand people, total, attended the 3-day Start a Business Weekend® virtual expo. These attendees easily moved through the 3-D exhibit halls, visiting a wide variety of opportunities including automotive, home services, and senior care, all in their own virtual booths.

Start a Business Weekend also continues to attract new franchisor partners all eager to share their story with potential franchisees as exhibitors.

  • Want to know the best part?

Each attendee is assigned a personal TES Franchise Coach who share with you more about the TES Discovery Process.   This process helps prospective entrepreneurs explore their Income, Lifestyle, Wealth and Equity (I.L.W.E) goals in greater depth while exploring the different franchise opportunities that fit their needs, goals and expectations.

“We are thrilled to be able to offer the next wave of business owners this opportunity to truly connect with what their lives could be like if they choose to become self-sufficient and empowered instead of simply being employed, “said Powell.

  • That’s where Start a Business Weekend® fits in!

There is so much dissatisfaction in this country today among people who feel they are over-worked, underpaid, and have no control over their professional life, so much so that The Entrepreneur’s Source®, has coined it “The Battered Career Syndrome®.” It is designed for them to experience the education, coaching, and key resources available to help them achieve their dreams of business ownership.

  • I’m ready. Are you?

Here’s all you have to do to learn more about Start a Business Weekend® and sign up for the virtual expo (Thursday, January 25 – Saturday, January 27), just visit https://startabusinessweekend.com/!

 

About The Entrepreneur’s Source®

Established in 1984, The Entrepreneur’s Source® has been North America’s leading alternative career coaching franchise dedicated to the entrepreneur for more than 33 years.  Today, with more than 120 offices in the United States and Canada, The Entrepreneur’s Source® continues to dominate the $1.5 billion-dollar Business Coaching/Consulting franchise market in North America.   

For more information about The Entrepreneur’s Source®, please visit www.entrepreneurssource.comThe Entrepreneur’s Source® network of franchise coaches offers a full range of services to individuals seeking alternate career options and to franchise businesses looking to increase performance. For more information about The Entrepreneur’s Source®, please visit http://www.EntrepreneursSource.com/

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The Entrepreneur’s Source: 3 Questions to Ask Yourself When You Don’t Know How to Decide

The Entrepreneur’s Source: 3 Questions to Ask Yourself When You Don’t Know How to Decide.

You may know that you’re looking to move from Employment to Empowerment® by taking the avenue of business ownership to achieve self-sufficiency, but do you really know what business opportunity is right for you? When looking at the franchise industry, there are various segments that call for several requirements and necessities from business owners in order to thrive. There are hundreds, probably even thousands of business opportunities out there, but not all of these opportunities are right for every entrepreneur.

Are all of the options overwhelming you and causing you to rethink your entrepreneurial dreams? Think again. Here The Entrepreneur’s Source franchise examines how to identify which business opportunities are right for you.

Know Thyself: Here are 3 Questions to Ask Yourself before Choosing a Franchise Concept

  1. “Why?”

One of the most integral things that an entrepreneur must do before choosing a franchise opportunity is ask themselves why they want to be a business owner. Do you want to achieve self-sufficiency? Do you want to build equity? Are you looking for a secondary source of income? Depending on how a prospective entrepreneur answers these questions, they will be better equipped to identify the opportunities that may or may not be the right fit for them. There’s a reason why this is one of the first steps in the business coaching process that The Entrepreneur’s Source offers. Once an entrepreneur is able to examine why he or she wants to invest in a franchise, then they will be better equipped to explore the possibilities and available options.

  1. “How Involved Do I Want to Be?”

Although many individuals assume that franchise owners need to be ever-involved in their franchise business, this isn’t always the case. With the growing popularity of semi-absentee businesses, not all franchise owners need to be invested in their franchise at all times. The semi-absentee business concept is a business that entrepreneurs can start on the side while they have another job or obligation, as opposed to a full-time franchise business, which requires your complete effort and wouldn’t allow for you to do something else in addition. Depending on if a prospective franchise owner wants to be there full-time or on a semi-absent basis, then certain opportunities may be eliminated.

  1. “Do I Need Help?”

Many entrepreneurs fall into the trap of naively thinking that they can do everything on their own, when in fact, they cannot. Even if you’re not a first-time franchise owner or have a vast knowledge of the franchising industry, it’s wise to seek help when investing in a franchise. You may not need help with every aspect of opening your franchise, but consulting with a business coach can help an individual narrow down which models may be the most fitting for a prospective entrepreneur based on his or her Income, Lifestyle, Wealth and Equity (I.L.W.E.) goals and other factors that are sometimes overlooked when choosing a franchise concept. Although this step is commonly overlooked, it is almost always the most necessary for future franchise owners to ask themselves.

For more information about how to decide if a franchise opportunity is right for you, consult a business coach at The Entrepreneur’s Source® today.

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The Entrepreneur’s Source Success Story: Brian Daniel

The Entrepreneur’s Source Success Story: Brian Daniel

Brian Daniel was feeling trapped. He was a super successful sales management executive for a well-known, national consumer product company, racking up numerous awards for his work. He was rewarded with a great salary, and bonuses, plus lots of sweet “perks”, like a company car. The future seemed bright for Brian, but after 17 years, he was ready for a change.

“What I enjoyed most about my position was the opportunity to be creative, to structure sales and marketing strategies to successfully reach corporate goals.” recalled Brian. “But near the end, I felt like I was not applying as many of my own ideas/strategies toward achieving results. That wasn’t very fulfilling for me.

 

“I have always had a strong entrepreneurial ‘itch’,” said Brian, “but acting on that was offset by the job security of the large company. Now, I felt like it was time to ‘scratch that itch.’”

 

That’s when he started exploring his options to own his own business, which eventually led to him to Susan Mell, an Alternative Career Coach with The Entrepreneur’s Source®, North America’s leading career transition coaching franchise. But he was still wrestling with the Big Question: to have the freedom to be creative, and run his own business, was he really willing to take the next step and walk away from his high profile, well-paying management job?

We had the chance to talk with Brian from his office in Southern California about how Susan and The Entrepreneur’s Source helped him in finding that answer. But it took a little time, and Education, Awareness & Discovery to get to it.

TES: Tell us about your first meeting with Susan.

Brian Daniel: She and I first started talking last year. I was up front with her about not being sure about leaving the corporate environment for many reasons. Chief among them: I was the sole breadwinner.  I asked her to call me back in 6 months and I would make a decision.

TES: What Happened?

BD: After a fantastic 2016 financial performance that did not yield the praise and reward I’d expected, the company and I separated our relationship in early 2017.   I was out of the corporate world for the first time in 17 years. It was exhilarating, but a bit disconcerting at the same time. I’m glad Susan called me back, as she had promised!

TES: So how did Susan and TES help you?

BD: First, Susan had  a full, in depth coaching session  with me to find out what my Income, Lifestyle, Wealth, and Equity (I.L.W.E.) goals were, which was a great experience. These were MY goals (my WHY), not someone else’s!

Next, I was provided some self-assessment tools to help me better communicate and engage with the opportunities I would be looking at.  She was very thorough, and focused. This was definitely not a “one size fits all” consulting situation, but a very empowering coaching experience.

Once we completed the education, awareness and discovery phase, she started sharing with me with different franchise business models she thought would fit MY goals, needs and expectations.  Together, we validated those companies, their operational processes, business model feasibilities, and other factors. She never once pushed one company over another, but offered clear coaching that empowered me to come to my own conclusions.

TES: Tell us about the company you chose, InXpress, and why?

BD: InXpress is a global freight and shipping company, which focuses primarily on small to mid-sized businesses. We provide face-to-face service and a smooth shipping process, which saves customers time, hassle, and money.

When comparing companies during my validation, their operation was head and shoulders above the rest. Plus, owning an InXpress franchise provides me with the ability to provide well for my family, have more flexibility over my time, and allow me the opportunity to move my base of operations to another state if I want to.

TES: What is that like-launching a new business?

BD:  I have an MBA and certainly understand many components of business, but the learning curve is the steepest I’ve ever encountered! It’s hard work, and there’s risk involved, but if it was easy, everyone would be doing it! TES invested in my early success by helping me figure out my corporate structure, best source for business funding, and really laying out a solid framework from which to launch. No way I could have done this without Susan and The Entrepreneur’s Source coaching experience. We basically went from signing the InXpress franchise license agreement in June of this year, to opening our doors in August as a fully functioning business.

TES: How is your business doing?

BD: We are growing rapidly and projecting to have 75-100 clients a year from now. The goal is to have enough residual business so that we can throttle back on sales, while re-investing in the business, and having more control over my time.  This is the creativity I craved in becoming my own boss: finding a way to have more life balance, while providing for my family, and to do what we want to do, when we want to do it.

If you’re ready to take that next step, like Brian, to becoming empowered, and not just employed, while really defining your Income, Lifestyle, Wealth and Equity (I.L.W.E.) goals, The Entrepreneur’s Source® wants to talk with you. Just click on this link http://www.entrepreneurssource.com/contact.html to get started.

 

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