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What Qualities Do Franchisors Need?
When I got into business I wanted to build a company, which helped people and provide a product and service that people loved and were willing to pay for; one I would not have to sell or convince anyone of. Something that people truly wanted to extend and enhance their pursuit of happiness. I found the perfect service that everyone wanted and where sales were not really needed at all. In addition I found a way to allow my team to reap the rewards of delivery of that service to the masses.
Franchising accomplishes all those goals for me. Franchising is the hardest business in the World. You have to be a coach, a psychologist, a lawyer, a strategic planner, a king, a marketer, a janitor, a grandfather, sounding board, and a mentor. The pressure is on and if you make a mistake there is no one to blame, it is all on you. People give you their life savings; real people who have real families, real needs and need to make money. If you underestimate your competition, miss a market opportunity, pick the wrong franchisees, you can destroy everything you've created. The stakes are high; but it is rewarding and challenging. Do I have any complaints, no? Would I do it again? HELL YES. For the right Team I will go to hell and back. And I may have to, judging by the incessant litigation and over regulation in our civilization today.
Ray Kroc was right to name his book "Grinding it Out" because that is exactly what its about. My hat goes off to those greats who came before me. Most people will never experience what they have, what I have, or have the perseverance to see it through. As I read their biographies, the similarities are so close to home it is scary. Most people give up right before they succeed. I can't because I am not allowed to quit, I promised myself that early on in my sports career as a long distance runner, later in fundraising for non-profits, in college again in business.
I remember once I rode a bicycle from OR to Mexico to raise money for Special Olympics. I did it in six days. I remember being so tired, so cold in the rain pushing my bike because I couldn't ride any farther until I made it to my goal for that day. Later in that ride I nearly froze shaking so bad I could not hold the bike straight, but again refused to quit. Refused to give up. I think I froze the inside of my throat that early morning after riding non-stop through the cold at 20 degrees plus the wind chill factor created by peddling at 30 mph, it still hurts to this day. I would not give up then or ever again. I kept remembering my favorite quote "Winners never quit and quitters never win." I later added to that quote "You can never lose if you never quit." This is similar to the saying; If at first you don't succeed, try, try again. It makes you proud of our past leaders with their famous quotes of "Perseverance," "Press On" and "Never, ever, ever, ever, ever give up."
Why did I start my franchise company? Because I saw something no one else saw. I see a market everyone else denies exists; went out to prove it exists. We helped others reach their dreams to own their own business. Without having to endure what I have. I already did it for them. Our team would not let down those willing to go the extra distance. We will help them find a way if they are serious and they want in, we will figure it out. And so our mantra became literally "to boldly go" and to never surrender. In this day and age those are the qualities you need if you wish to franchise and you probably need a million in start-up capital too. There is no easy way. Think on this.
"Lance Winslow" - If you have innovative thoughts and unique perspectives, come think with Lance; www.WorldThinkTank.net/wttbbs
If It Was Easy Everybody Would Do It
Q: I started my business about a year ago and everything is going fine. We're growing and making a profit, but the stress of running the business is really starting to get to me.
Isnt it Time You Started to Fly?
I am going to begin this article by sharing a shocking fact..
An Entrepreneur Is
An entrepreneur is an innovator. She sees a need in the marketplace and creates something new to fulfill that need or improves upon an existing mechanism that already fulfills that need.
Getting Rich Isnt a Bad Idea
You've seen plenty of articles claiming to offer you the secret to getting rich. Some ideas, however, are thin veneers covering some scheme that often involves multi-level marketing or a service with questionable intents.
How You Can Earn $1000 A Week Part Time
About 6 years ago I started to notice that certain friends of mine had quit their jobs but continued to live very luxurious lifestyles - seemingly without doing very much. I thought they must just be using up their savings until I discovered they were all making a fantastic living by spending just a few hours a week doing something I had never heard of before - "financial spread betting".
10 Ways Entrepreneurs Shoot Themselves In The Foot
Entrepreneurs and their businesses have a tendency to ambushthemselves when they aren't looking. This affects how muchrevenue they can generate, how fast their business rises,and even if they survive after the first few years.
Creativity & Entrepreneurship: The Secret to Discovering Your Purpose in Life!©
Hello Creative Entrepreneurs!In the second course on Creativity & Entrepreneurship we begin with a guided meditation that I created entitled: Dream Keeper-Gift Giver©. You ask: what in the world does this mean? Well, it's a very profound secret I discovered about myself fifteen years ago.
Boundary Setting 101 for Solo Entrepreneurs
Select the best response to the statement below:As a solo entrepreneur, setting boundaries is all about?.a.
Strategies for Overcoming Obstacles to Discovering Your Gifts
What are the unique gifts that differentiate you from other solo entrepreneurs? The path to discovering your gifts may take a lifetime, but you can use the exploration process to begin to use your gifts NOW! Unfortunately, for many different reasons people get sidetracked or never even get started taking the actions that would help them discover their uniqueness. Here are some suggested strategies to help move forward and stay on the path of discovering your gifts.
Starting Your Business: 3 Tips for Bootstrapping Your Way to the Top
Bootstrapping a business startup does not necessarily mean that you are unable to find traditional sources of capital. It may mean that you are clever, or that you know a bargain when you see it, or that you are the type of person who derives a certain satisfaction from crafting something using your own hands and vision, from scratch.
Youve Found Your Guru, Now What?
In my last article, "Follow That Guru", I told you about the one (1) simple technique I used when starting my home business, "A Name".Now everyone wants to know what to do next.
Hearing That Entrepreneurial Voice?
Women business owners are our only clients, so naturally we celebrate and support female entrepreneurship. Operating in this market gives us the good fortune to learn about some of the deeper themes in the lives of women business owners.
Is Now the Right Time to Become An Entrepreneur?
A number of economic changes are magnifying the role of small business and creating the impetus for entrepreneurship.In the past, many people perceived small business owners as shopkeepers - the mom 'n pop shops.
3 Essential Elements of Operating a Successful Business
Have you ever imagined what it would be like to live your dream? A good place to start would be to recognize that there are three elements, and only three elements, that separate success from failure. If you exercise one of the elements, you might just be successful.
Angel Investors: 7 Online Business Plan Scams and 1 Real Deal
We've all seen the hype: "We'll put your plan in front of thousands of investors!" "We'll write you an award-winning online business plan!" "Only $3,000 for thousands of investors to learn about your company!"I cringe every time I see one of these ads. Vultures are preying on honest business people who want to fund their businesses.
Drive Website Traffic Unconventionally, Force Your Children To Do It
If you believe that every little bit helps then keepreading..
Lessons Learned from One Entrepreneur on Vioxx
For the past ten-months, I tried every drug from the popular Vioxx, Celebrex and Aleve, to the long-standing Percocet, Ibruprofen 800, with some other fabulous ones like Fexeril, Ulltram, Naproxyn, and Antevert. (And, this is my short list).
Secrets of My Favorite Government Auction
I love bargains. And there's no better place to find bargains than an auction.
What Makes An Entrepreneur Tick?
It is only natural that when you start a business, you are doing something different than most people. They not only will look at you because you stick out like a sore thumb _ but human nature will cause people to naturally ridicule what you are doing.
Can a Microbusiness Help You Enjoy a Better Retirement?
Not having enough money for a comfortable retirement tops thelist of financial concerns among aging Americans, according to a recent Gallup Poll. It even outweighs peoples' worries about having a serious illness or accident.
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