Here’s the million dollar question: Is business ownership right for me? Well, before you take the dive, determine which path is best for you - owning a business or staying in corporate America.
Most business owners see an opportunity and have the commitment and courage to go for what they want. Naturally, that opportunity may come with obstacles and risks. But, if you’re an entrepreneur, you’ll see around the obstacles and focus on accomplishing your end goal. Entrepreneurs seek out challenges to help them learn and grow personally and professionally.
Thinking of taking the plunge? Then you need to be ready for the long haul and not shy away from hard work and long hours. Entrepreneurs are passionate about their vision. They are willing to put in the time and locate whatever resources they need to capitalize on an ideal opportunity. For most, the ultimate goal is to grow the business by hiring competent and reliable employees so they can step away from the day-to-day operations and focus on larger-scale business strategies.
Let’s now look at what it means to be an employee. Unlike the entrepreneur, an employee is often alert to risks. Challenges are obstacles rather than hidden opportunities. And, that is okay. Differences are what make the world go round, right? For the employee, consistency and predictability are important in their life. So, the uncertainty of starting a business is not attractive to them. If a very safe business opportunity were to come along, an employee might be willing to explore it, but with extreme caution.
It may sound safe to be an employee, but the thing is, the employee maintains his status quo and wonders why he’s not getting ahead. He punches his timecard every day while the employer (“the boss”) makes money from his efforts. He imagines he’d take the step to business ownership, one day, but only if the right opportunity were to come along. The employee often doesn’t understand that the stars don’t align themselves and have never been perfectly aligned for anyone, including his boss.
Why Franchising is a Good Transition
So, whether you’re an eager entrepreneur, or an employee looking to safely break into business ownership, becoming a franchisee could help you make that transition. In this arrangement, the franchisor provides the business model and the training, the brand and the operating system. Basically doing all of the heavy lifting for you. You, as the business owner provides some capital, a lot of hard work and your passion to succeed.
If you are asking is business ownership right for me? If you’re on the fence about business ownership, feel free to reach out to me and I’d be happy to give you more information about what type of franchise ownership may be right for you. Just click here
to set up a complimentary consultation.