Taking Stock of You, Before Entrepreneurship

How well do you know yourself? Wait, don’t answer that yet. Because during this FranNet blog edition, we’re going to take you on a self-discovery session regarding your preparedness to enter the entrepreneurial world. The decision to become your own boss should never be taken lightly. Typically, those willing to begin their entrepreneurial journey have put a lot of thought and consideration into themselves and how prepared they are to meet a new set of unique challenges. Ready for some questions?

If you’re ready to become a business owner, are you truly ready to work even harder and possibly put in more hours than in your current position?

Is your current financial situation stable enough for franchising, which includes initial investment money, startup costs and other payables related to running your operation? Can you continue to provide for you and your family, at least until the proposed breakeven stage of growth?

Will you have an emotional attachment or passionate connection to your small business or franchise opportunity? Should you?

What kind of support system will you have to rely upon among your family, friends and business acquaintances? Have you discussed your hopes and dreams with them? How did they respond and what did you take away from any advice you received?

Are you prepared to learn new things about yourself? Perhaps this is one of the most intriguing considerations, because undoubtedly, you will.

We took you through this series of questions and considerations not to create any undue apprehension, but rather anticipation. We want our candidates to anticipate what success will look like once their entrepreneurial journey begins. Make sure you’ve allocated enough time, thought and consideration before you put that first foot forward.

Because we’re rooting for you.

Let’s chat.

FranNet has a great track record of assisting individuals on their path to entrepreneurship, and one of our franchise experts would love to provide you with guidance free of charge. Sound like something you might be interested in? Get started here.

Feb 6, 2017