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The Entrepreneur’s Source Reviews – What Does a Franchise Coach Do?

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The Entrepreneur’s Source Reviews – What Does a Franchise Coach Do?

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

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 skillsets 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 in order 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 to connect with an Entrepreneur’s Source Coach at www.entrepreneurssource.com

To join the conversation on franchising, entrepreneurship and small business ownership, catch the Franchise Friday podcast every week at 10 AM or now available on iTunes! Follow us on Twitter @FranFridayShow and use #FranchiseFriday

 

 

 

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