E-Source Updates

The Entrepreneur’s Source Explore 6 Ways New Franchisees Fail

The Entrepreneur’s Source® Explores 6 Real Ways New Franchisees Fail.

An ever-increasing number of people are successfully leaping from Employment to Empowerment®. Recent reports show in 2016 new businesses and established businesses are growing quicker than over the past few years.

The Growth Entrepreneurship 2016 Index, from the Kauffman Foundation’s reports: “The entrepreneurial growth increase in the 2016 Index represents the largest year-over-year increase in the past decade.”

However, today, to be successful, new business owners need help: they need fast, easy access to the right resources to have a fighting chance in overcoming business ownership challenges — especially those new to the entrepreneur scene. And while there may be many resources, often, new entrepreneurs can’t find them or worse yet, find the wrong one.

That’s why there’s no doubt a franchise with a tested and proven business model is an excellent vehicle to start your first successful business. Still, time and time again, new franchisees “F” it up by letting 6 “F words” get the best of them.

Unfortunately, even with a proven business model, obstacles and challenges that sometimes prevent many individuals from taking the leap to business ownership do exist. Let’s face it, if the pathway to self-sufficiency was free of obstacles and challenges, then everyone would take it.

When a person starts to consider opportunities outside of the standard 9-to-5 options, they will inevitably run into what The Entrepreneur’s Source® calls the 6 F-words. Most people only see the gap between their current situation and income and the success that they envision in the future and say, “I don’t know if I could survive that leap.” They are busy focusing on the gap instead of the other side, so the six F-words take over and win.

Explore The 6 F-Words Every Franchisee Must Master to be Successful

An individual doesn’t have to experience all six of these obstacles to become debilitated in their ability to become entrepreneurial; it just takes one. Realizing and being able to identify these barriers is the first step in the process of overcoming them and ultimately reaching their goal of self-sufficiency.

Join us live online next week on Thursday, December 8, @ 10:00 AM PDT/1:00 PM EDT  when Terry Powell, founder of The Entrepreneur’s Source, and David Nilssen, CEO of Guidant Financial, partner up to walk us through the six F-Words that lead to misconceptions and the common mistakes franchisees make before they open their doors.

CTA Webina Guident

The “6 Ways New Franchisees “F” It Up” webinar will cover:

  • Quick intro to the benefits of franchising vs. starting an independent business
  • The 6 F-words—Franchise Model, Franchise Brand, Financial Motivations, Financing, Friends & Family, and Fear
  • Tips and strategies for avoiding missteps when dealing with the 6 F-words

The Presenters:

  • David Nilssen, CEO of Guidant Financial ®. A serial entrepreneur, David Nilssen has successfully launched a number of companies over the last 15 years in the fields of financing, digital media, real estate development, and business services.
  • Terry Powell, Founder of The Entrepreneur’s Source®. A leader and entrepreneur, Terry Powell has 32 years in the business coaching profession. He founded The Entrepreneur’s Source®, a business coaching service, and developed AdviCoach®, a coaching advisory service.

published in 1


Share this article