Monday, March 14, 2011

Being an entrepreneur and finding a franchise

This blog is set up to give hope to those looking to get out of the rat race of the corporate world, for those dreaming of becoming their own boss by starting your own business. Becoming an entrepreneur is not for everyone and as a matter of fact is NOT for most people.

There are risks a business owner has to take which is not for the faint hearted. Can you imagine risking all or most of your net worth for your dream? If you lose, you are left without a home and can be deeply in debt. You just have to make sure you do not lose!

First, a person needs to have a deep passion and a good reason to break the model of working for others their whole life. Before starting or buying a business; do your homework, know the industry, understands your customer, have a plan and work on the skills to implement the plan. This will give you the best chance to be successful.

In my opinion the benefits of being the ‘owner and not the employee’ out way all the risks a person has to take. The chance at unlimited income, the chance to build equity, control of your own hours and the freedom of answering to no one but yourself and the pleasure of seeing your own business grow far out way the risks someone has to take. You just need to take away most of the risk by doing your research and know what you are getting into.

Remember "Knowledge is Power!"

There is a great business book on franchising called Street Smart Franchising. It talks about the good, the bad and the ugly of being a business owner. This book will help you look at yourself to determine if you might be one of the few who have what it takes to be an entrepreneur. If you have any thoughts of becoming one, it is a must read.

Also feel free to check out my web site at: FranchiseInvestigate.com to learn more about how to start a franchise business and why a consultant might be able to help you.

2 comments:

  1. Great post Kevin. I look forward to reading more.

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  2. Being passionate of what you do can make you be better. If you are willing to learn and do everything to be successful, the sky is the only limit for you. Just remember that "Knowledge is Power!"

    ReplyDelete