"The problem with assumptions is we believe they're the truth." ~Miguel Angel Ruiz
Often during my coaching sessions I hear statements like "Franchises are the most expensive type of business to own", "Owning a business will require me to work more hours than a corporate job", or "ABC businesses are too saturated in my area - it's not sustainable" (just to name a few!). I like to ask my clients "Do you THINK that or do you KNOW that?" When we assume something without putting in the time and effort to educate ourselves with facts and figures, we make decisions based on a foundation that may not be accurate. Why do we do that? Because it's easy - there's nothing else to do. Remember that your journey of discovery is all about mindset. Having an open mind with the curiosity to learn and validate what you know (or think you know) can lead you to a whole new world of possibilities.
Have a safe and Happy 4th of July!
Sara
Are Increasing Layoffs Leaving You Anxious?
A recent article in Forbes provides insight on leveraging entrepreneurship and self-sufficiency as a coping mechanism in the midst of growing concerns for corporate job security.
Myth #1: Finding The Right Business Will Make Me Successful
TRUTH: There isn't a right business or a wrong business. What may be right for one person, may not be right for the next. So even though each franchise system gives its franchisees a proven system to follow, it is up to the individual--you--to execute it and make it work.
When you look at the most successful franchise concepts today, there will be some owners who do extremely well and some who don't. Why is that? Well, one way to find out is to discover what the successful owners did that the others didn't. Then do some self-reflection and determine whether you are willing to do what it takes to be one of the successful owners. The great thing about franchise concepts is that you have multiple existing businesses that you can study and learn from, compared to an independent business, where only one exists or a business that has been ideated but still lacks proof of concept.
Keep this in mind: The business does not make you successful. You make the business successful. Don't sell yourself short. You're already successful in key areas of your career and your life. Think about how some of these skills and attributes are transferrable.
Who do you know?
Take a moment to think of members in your network. Who do you know that might be:
- faced with returning to full-time onsite employment due to employer mandate;
- looking to transition out of the corporate job market;
- interested in starting their own business; or
- searching for a second passive income to help increase their wealth and equity for the future?
Please share with them your journey of education, discovery and awareness and see if they might also benefit from their own coaching journey. I'm just a short click away to getting them started. Click here to learn about my Client Referral Program.
About Me
I live in the Kansas City Metropolitan area with my husband, Brian, two daughters, one son, a 120-pound German Shepherd, and 2 cats. I have an MBA from St. Mary’s University. I prioritize spending time with my family attending sporting events, musicals and relaxing at our family’s lake house.
Email: sroy@esourcecoach.com
Website: https://sroy.esourcecoach.com/
Location: Kansas City Metropolitan Area, USA
Phone: 913-359-9939
