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The Entrepreneur’s Source Reviews The Secret To Finding The Right Franchise: A Franchise Coach

The Entrepreneur’s Source Reviews The Secret To Finding The Right Franchise: A Franchise Coach.

Many people have a misconception about franchise business coaching. A franchise coach is not the same thing as a franchise consultant or even a franchise broker. It’s a franchise coach’s job to help prospective franchisees discover the realm of the franchise industry and how investing in a franchise can bring an individual closer to meeting his or her Income, Lifestyle, Wealth and Equity (I.L.W.E.) 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 founder of The Entrepreneur’s Source  Terry Powell.

Today, The Entrepreneur’s Source® reviews how prospective franchisees can benefit from franchise coaching.

What Can a Franchise Business Coach Offer You?
The Entrepreneur’s Source® has been using the franchise coaching method for over 30 years and has experienced great success due to its continual refinement of the process. Coaches at The Entrepreneur’s Source® focus on collaborating with prospective franchisees to find a franchise opportunity that will help them reach their I.L.W.E. goals.

Here The Entrepreneur’s Source® reviews the advantages and benefits consulting with a franchise coach can bring to a prospective franchisee:

1.  An Insider Perception of the Franchise Sector:
Franchise business coaches are trained and well-versed in the franchising industry. Their advice and education to entrepreneurs who may be new to the sector can go a long way.  Coaches can provide the educational foundation of the franchising sector that a prospective franchisee may need from the get go. Gaining an education and understanding of different franchise systems, models and industries can be vital to the success of a franchisee’s future. This knowledge of the industry along with examining an individual’s I.L.W.E. goals will enable prospective franchisees to choose the right franchise opportunity for them.

2.  Tailored Franchise Opportunities:
When researching business opportunities without a coach, it’s common for prospective franchisees to fall into the trap of putting their blinders on and only looking at the familiar. This can greatly limit one’s search for business opportunities, causing prospective franchisees to possibly miss an opportunity that could have been the perfect fit for them. As coaches go through the Discovery Process with a client, they are able to gain a better understanding of what type of franchise opportunities are a good fit for each unique client– even if this differs from their client’s initial vision.

3. Continual Support
Coaching is a continual process, and ESource coaches provide support through the entirety of it, from the initial stages of being introduced to a client to ultimately signing a franchise deal. Franchise coaches remain actively involved in this process from the time that they recommend certain franchise opportunities, to the stage of aiding a franchisee in locating a franchise attorney for document reviews and even providing introductions to CPAs. Many coaches at The Entrepreneur’s Source® stay in touch with their clients after they sign a franchise deal in order to confirm that they’re not only successful, but pleased with their decision.

Contact a Coach Today!

To learn more about how a franchise ESource coach can help you, take the first step and connect with an Entrepreneur’s Source® ESource Coach at www.entrepreneurssource.com

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The Entrepreneur’s Source Shares Five Tips on Reviewing FDD’s

Terry Powell, founder of The Entrepreneur’s Source® helps aspiring franchisees tackle Franchise Disclosure Documents

Decoding the language and structure of Franchise Disclosure Documents (FDDs) is one of the most difficult challenges facing any aspiring franchise owner.  Even if these franchise prospects pursuing alternative careers that allows them to take control of their lives, have experience with franchise terminology and legal documents, full-scale FDD reviews can still be difficult and intimidating. And regardless of any prospect’s comfort level, reviewing any FDD without the help and support of a franchise coach who has spent decades in the franchising space is downright dangerous, as the chance of selecting the wrong franchise opportunity is infinitely more likely.

To help franchise prospects take a more strategic approach to the FDD review process, we asked franchise thought leader, Terry Powell, to provide us with five quick tips for getting started. Few leaders in franchising are better equipped than Terry to share these insights as he is the man responsible for building The Entrepreneur’s Source®, the leading national franchise coaching company that is devoted to helping franchise candidates find powerful alternative careers through franchising, from the ground up for more than 30 years.

Terry Powell’s Top 5 FDD Tips for First-Time Franchise Candidates

1. Expect Unknowns
FDD’s can be daunting. You need a skilled guide. Work with a franchise coach to learn the difference between the actual FDD section and Exhibit of the Franchise Agreement

2. The Franchise Agreement is What Counts
Remember that the only binding document if/when you become a franchisee is the Franchise Agreement, not the FDD in its entirety. The FDD only summarizes certain provisions in the Franchise Agreement.

3. Take Time to Analyze Mission Critical Items
Focus your attention on items 1, 7, 12, 19 and 21 in the FDD as they describe mission critical components of the franchise opportunity, including the brand’s history and leadership team, required initial investment and the financial performance representation.

4. Always Ask Yourself, “What am I missing?
The key to successfully reviewing the Agreement is asking yourself, “What are my rights and obligations if I enter this agreement?” A franchise coach can help you answer that important question.

5. Under No Obligation
Understand that being asked to sign a receipt for an FDD does not bind you or obligate you to proceed with the investment.
If you have any questions regarding any of these tips or any other franchise matter, contact an alternative career coach at The Entrepreneur’s Source® franchise today. E-Source coaches can provide you the leadership and guidance that you need to help you uncover if an opportunity may be the right fit for your goals and aspirations. For more information on how a coach can help you better evaluate franchise opportunities, contact a coach today. http://www.entrepreneurssource.com/blog/contact/

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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 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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The Entrepreneur’s Source Reviews 3 Reasons Employees Are Shifting Away From Employment to Empowerment

The Entrepreneur’s Source Reviews 3 Reasons Employees Are Shifting Away From Employment to Empowerment

Today, we’re seeing a growing segment of Americans – from Baby Boomers to Millennials – realizing they are no longer fulfilled in their corporate jobs.  The current stagnant job market is making career success hard to attain for many professionals in corporate America. Many are forced to work 40+ hours each week for lower pay and with fewer resources. These individuals are commonly faced with the threat of company downsizings and unexpected layoffs and yet agree to take upon an extra workload without extra pay or recognition. This work schedule has left millions of people in corporate America simply exhausted.

More and more of these unsatisfied individuals are choosing to proactively leave their corporate sector jobs to take the leap from Employment to Empowerment and invest in a business opportunity as an alternative career path. Today, The Entrepreneur’s Source reviews some of the factors that are causing many individuals to leave corporate America for franchise business ownership.

3 Reasons Employees Are Leaving Corporate America for Entrepreneurship

  1. An Enhanced Lifestyle. You may think that the number one reason why individuals choose to leave corporate America for entrepreneurship is the money. Think again. Susan Mell, franchise owner and alternative career coach at The Entrepreneur’s Source, has found that the biggest reason why these people choose to move from Employment to Empowerment is to gain access to an improved lifestyle. Imagine actually being able to attend most of your child’s soccer games or having the ability to take a week off for a family vacation. The possibility of being your own boss and having the ability to create a more balanced life is often more inspiring to entrepreneurs than the actual income.
  2. Feeling Unappreciated. Many individuals working in corporate America find themselves with an ever-growing workload. These individuals are happy to take more projects on, but aren’t too happy that they’re rarely recognized, thanked or even acknowledged for the work that they do. Shouldn’t we all be respected for our time and work? Mell finds that clients talk about “the companies they’ve worked for and felt they really did a great job for and felt loyalty to, but they didn’t feel that loyalty back.” People should be appreciated for the good work that they do and should feel a mutual sense of loyalty for their employer. By taking the road to entrepreneurship, business owners will no longer feel under appreciated.
  3. The Corporate Financial Peak. Once an employee climbs the ranks within a company, but then is let go during a downsize or for another reason, they find themselves at a peculiar situation. As they climbed titles, their salaries climbed accordingly, and once they leave the company, most other employers aren’t willing to match or exceed their previous compensation. This is known as the corporate peak. Once you’ve reached it in corporate America, the only way to earn more money and live as you previously did is to become entrepreneurial. Starting a business can help create a sense of unlimited income potential that you have full control over.

How to Take the First Step

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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