Sara's Coaching Corner
April 2023
Don't be afraid of what could go wrong. Get excited about what could go right. ~Tony Robbins
Blessings for a Happy Easter!
Sara
Top Resource of the Month
The 5 Emotional Detours to Business Ownership - Detour #3: Analysis to a Point of Paralysis
By Terry Powell, Visionary Founder of The Entrepreneur's Source
Emotional Detour #3 is one that I’m sure we can all relate to. We call it being 100 percent comfortable.
Have you ever noticed that making decisions, especially big ones, usually require the right “feeling”? If that is you, welcome to the human race. In spite of all of the logic and objectivity we claim to have, at the end of the day, we want to feel sure about our decisions. There’s nothing wrong with that of course, unless we let that need require us to be 100 percent comfortable.
You may remember that our #1 Detour was fear. We’re always afraid of what we don’t know or what “may” happen. The need to be 100 percent comfortable is a manifestation of just that. We tend to worry about that unknown that we just can’t seem to uncover.
So here we are. We need to make a decision about purchasing a business. We move through the information gathering process, looking for those perfect pieces of data that will “insure” our success. As time goes by, we eventually realize that perfection is probably not possible.
If you’re looking for that “perfect” business, you’ll likely be disappointed, especially if it’s a concept where you have little or no experience. Every business model you explore will probably have some activity that will require a learning curve in order for you to be successful, and there will always be things you’ll learn after you’re in the thick of it. That’s just the way it goes.
Here’s some good news. If you’re looking at franchises, you’re actually validating a system. That system is already tested and proven. There are likely several people out there operating that system getting the results that you’d want for yourself. Even if the franchise company is relatively new, what you need to determine is your ability and your willingness to follow that system to make your business successful. After spending some time speaking to some owners, you should gain some confidence, but even then you’ll realize they found success by making the system work.
I hate to disappoint you, but whether you’re looking at a franchise or an independent business, that feeling of “100 percent comfort” really doesn’t exist. Ninety percent is as much as you can hope for. The other 10 percent simply doesn’t exist outside of you. That’s okay. If you hit 90 percent, you did a great job finding out what you need to know. That last 10 percent of trepidation will turn into enthusiasm as soon as you’ve gotten past the decision point and started your new business. You can do it!
Self-Reflection:
This detour is similar to last month's detour "Turning the Stones" because in both detours our focus is to find the perfect opportunity with a guaranteed success rate. Where "Analysis to a Point of Paralysis" differs is that rather than ending discovery as soon as we find something we don't like, we continue to research and contemplate every "what if" scenario we can possibly think of even if the probability of that scenario happening is a million to 1. Remember, nothing is 100% guaranteed and we can't predict every possible unknown that might happen. Trust yourself and all your past successes.
Stay tuned for Detour #4 - Too Good To Be True in May!
Revisit Detour #1 - Afraid of the Unknown from February & Detour #2 - Turning the Stones from March.
Who Do You Know?
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