Sara's Coaching Corner

Easier said than done, right? External influences and current circumstances obviously have a major impact on our ability to reach our destiny. Yet we owe it to ourselves to take ownership of what's in our control. It all starts with identifying our goals, wants and needs, writing them down and making them tangible so we can begin to plan the path forward. Do you remember the You 2.0 exercise we walked through? Take a look and see if you're heading down the path to realizing your dreams.

All my best!

Sara

Making the decision to start your own business can be overwhelming, especially when coupled with the current uncertainty of our economy. Each year, the International Franchise Association (IFA) prepares an Economic Outlook Report detailing the franchise sector’s performance for the past year and projected economic outlook for the year ahead. Key highlights from the report include:

• The overall number of franchise establishments will increase by almost 15,000 units, or 1.9%, to 805,000 units
• Franchising will add approximately 254,000 jobs, growing 3.0% and total franchise employment is forecasted to reach 8.7 million
• Total franchise output will increase by 4.2%, growing to $860.1 billion

For the full report, click here.

By Terry Powell, Visionary Founder of The Entrepreneur's Source

There can be a lot of emotions to manage even when you take a healthy, methodical approach to finding a new business. And I know I’ve said this before – but as you begin to do your research on finding that perfect business, it’s important to start your homework on yourself. You can actually save time by knowing who you are and what you want out of life first. We call it the “inside out” approach.

So now you’ve spent the time to identify your goals, needs, expectations, and even your transferable skills. With all of that in mind you start exploring options. You’ve been able to eliminate quite a few early on because of the homework you did up front. Now here you are, looking at something that seems like a perfect fit, or near perfect fit. The problem is it didn’t take that long to find. You haven’t been at this for months and months. You haven’t REALLY paid your dues yet! This can’t be the right thing. It’s obviously too good to be true.

Congratulations, you’re still human. It’s pretty common to think that anything worthwhile takes a long time and a tremendous effort. Is that really true? Remember the time you spent looking at yourself first? Be open to the possibility that you actually did a good job which moved you closer to the right fit much faster.

Here are a few questions for you to ponder that may help you going forward:

1. Do you really understand what it takes to be successful in the business?
2. Do you have a strong sense of what you’ll be doing on a day to day basis?
3. Do those things match your skill set or are you willing to learn how to do them?

If you’re truly finished gathering information on the business model, you’ll want to ask yourself these and several other questions, but here is another question to consider:

• “If you removed emotion from the decision-making process and focused solely on the data you’ve gathered, what do you see as your next step?”

I know that sounds easier than it probably is, but try it anyway. If you can stand back from the emotion and just concentrate on your research, you’ll find the end result much easier.

Go for it!

Self-Reflection:

This detour is all about identifying your goals and what you want to accomplish for yourself and your family in the future. We accomplish this step in our first coaching session using our You 2.0 coaching tool. Combined with the research you conduct in discovery, the best path forward will naturally present itself.

Stay tuned for Detour #5 - Crabs In The Basket in May!

Revisit Detour #1 - Afraid of the Unknown from February, Detour #2 - Turning the Stones from March and Detour #3 - Analysis to a Point of Paralysis from April.

Take a moment to think of members in your network. Who do you know that might be:

• 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 consider sharing 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!

I'm not only a TES coach, I was also a client. Having been through this coaching journey myself, I came to the realization that I have a passion for helping people in a similar position as I was in achieve their desired goals, needs and expectations for their income, lifestyle, wealth and equity. This is why I took control of my career and made the decision to purchase my own TES coaching franchise. It's my pleasure to serve you and and help you achieve your You 2.0!

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

To unsubscribe, email sroy@esourcecoach.com and add "Unsubscribe" in the subject line.