The Entrepreneurs Source Reviews: 5 Franchising Myths That May be Keeping You from Becoming a Legend
The Entrepreneur’s Source alternative career coaches have found that there are five common myths associated with opening a franchise that have kept many aspiring entrepreneurs from achieving success. It’s essential to keep an open mind when exploring your options—you may be surprised at the possibilities that present themselves.
Could a common franchising myth be keeping you from becoming a legend? Today, The Entrepreneur’s Source outlines the five most common franchising myths our alternative career coaches encounter to help you get over your fears and move from Employment to Empowerment in 2015.
The Entrepreneur’s Source reviews The 5 Myths of Franchising:
“Growing up, it seems most people are taught to ‘do what they love’ or to find an occupation they are passionate about,” The Entrepreneur’s Source Terry Powell commented. “This way of thinking is all well and good, but what happens when that passion doesn’t bring you anywhere near your goals?”
Businesses established on the owners’ background experience and expertise actually have the highest rate of failure among new businesses. Take the Porta Potty story as a great example of overcoming a limiting belief. You may just be pleasantly surprised when a coach helps you to overcome misconceptions that may have been holding you back.
Believing that you will fall in love with a franchise at first sight and that it’s the right fit for you is a ploy. Many aspiring entrepreneurs tend form an emotional connection to a brand, invest months of hard work into the business only to find that it doesn’t meet their Income, Lifestyle, Wealth and Equity (I.L.W.E.™) Goals. This area is where an E-Source coach can help. In fact, 95 percent of the people who work with alternative career coaches at The Entrepreneur’s Source end up discovering a business opportunity they never would have previously considered or may have prematurely dismissed.
Industry expertise is not a necessity. Instead, you can hire people who have this expertise and focus yourself on growing the business. When an aspiring entrepreneur restricts his or her Possibilities, Options and Dreams to things he or she is already good at, then they eliminate a universe of possibilities that may have been out there.
The creativity comes in managing and marketing the proven franchise system along with its products and services. And there’s plenty of room for your ideas—several product and service innovations have come from franchisees.
Do you think a myth may be holding you back from business ownership? Contact an alternative career coach today at The Entrepreneur’s Source to find out https://entrepreneurssource.com/contact.html.