Question, why do some people succeed and some do not in transitioning to being their own boss? A speaker who has been coaching individuals for over 7 years shared today at a meeting that people will succumb to one of the 3 F words and to what other people think they should do. The 3 F words that typically take someone off track to start their journey towards their dreams for business ownership and control of their lives are:
1. F – FEAR
2. F – Franchising
3. F – Financing
1. Fear – could be fear of failure, fear of appearing as a failure, fear of peer pressure to conform or fear of _________________. My suggestion is to write your personal fear or describe “what is holding you back from moving forward” Describe this feeling, this sense, this something that may be sitting in your gut or heart depending on where things sit on your when you cannot make up your mind. By describing, you can then look at it and then ask “on a scale of 1-10, how real is it?”
2. F – Franchising – If you follow our system of validating and researching franchises, ask the right questions which we can help you with, this F word should be put to rest. At the end of our validation process, you will know if the Franchise you are considering is right for you. As yourself:
A. Will owning this _____ business/franchise help me reach my goals?
B. Can I see myself growing to do what it takes to be successful?
C. Are there a number of successful owners currently operating and happy?
I can probably spend more on this F word, but we have some great tools and resources to overcome this F word. The spouse, partner or significant other may need help with this F word since they may not have the details and my suggestion is get them to the meetings with the representatives and franchisees you are interviewing. Get them involved, have them part of the process of validation and research.
3. F – Financing – show me the money. If the desire is strong, the credit rating is good, we can help you find resources to get beyond this. Never let money get in the way. If money is truly the gate keeper, we can identify a stepping stone strategy – plan b that gets you moving in the right direction but your ultimate dream may have to wait a bit longer.
Getting to your dreams is not an instant or drive through process — it is a journey and sometimes you need a guide to show you how you get there. That is what we do — we coach, guide and support you.
Lastly, in the beginning I said, that people will succumb to other peoples opinions. Let me share a quote from Jim Rohn, “let the views of others educate and inform you but let your decisions be a product of your own conclusions”.