The Entrepreneur’s Source Reviews the Steps to Entrepreneurship on Franchise Friday

The Entrepreneur’s Source Reviews the Steps to Entrepreneurship on Franchise Friday

The digital space allows us access to research the steps it takes to transition from employee to entrepreneur, but the problem is one could get caught up in so much detail and the mass volume of information that exists online and never actually get started.

Entrepreneur coach and coauthor of the book Making the Jump Into Small Business Ownership, Jeff Levy helps individuals clarify their goals and values so they can properly evaluate self-employment career options. As the first guest on The Entrepreneur’s Source Franchise Friday show, Levy shared his vast insight into small business ownership in today’s world and provided aspiring entrepreneurs wisdom into what it takes to become an entrepreneur through the franchise industry.

For those faced with the choice between entrepreneurship or employee, what are the first steps they should take? Below is an excerpt from Jeff Levy’s Franchise Friday show.

  1. Number one is the mindset—If you want to take care of your family and your security, you really have to be thinking about something where you’re in control, not somebody else.
  2. The next step is really about creating the picture of what it is you’re trying to work for. What are your income, lifestyle, wealth and equity goals? I’ve learned so much in the last decade in my association with The Entrepreneur’s Source regarding this process. It’s tough going in your own business. It’s not going to be easy. There’s going to be challenges and unknowns but what gets you through that is the vision of what’s most important to you in your life which includes of course, your financial security, your family, your health, spiritual things.
  3. The next step would be to work with a coach. The Entrepreneur’s Source has coaches that are well-trained and have some excellent tools to help set up your vision of what you want your life to look like.
  4. After that, I think really comes the personal evaluation of what your skills are. What do you bring to the table? Do you have marketing skills, management skills, financial skills? You have to identify what the business is, what the business opportunities are and how well those business opportunities provide a toolkit for you to achieve those important goals.

That’s my thought as to what the steps are and it’s a process. You don’t wake up one morning and the light bulb goes off. I think you have to work at it to figure out that primary vision, your primary purpose, what your current skills are, what you’re missing and what business will help you pull that all together as the achievement of what you’re looking for.

For more than 30 years, The Entrepreneur’s Source has been helping individuals take the first steps toward entrepreneurship through franchise business opportunities. Franchise Friday builds upon that foundation of assistance and success through the sharing of expert advice from respected franchise industry professionals.

Hosted by Paul Segreto, CEO at FranchisEsource Brands International, Franchise Friday is a weekly conversation covering the many aspects of franchising, entrepreneurship and small business.

There will be live tweeting during each Franchise Friday show through the hashtag #franchisefriday. All Franchise Friday broadcasts are also available on demand post-show.

Franchise Friday airs every Friday at 10 AM ET at http://www.blogtalkradio.com/franchisefriday

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