Most, but not all, of the budding franchisees who make the decision to meet with FranNet agree that there is a point in which enough is enough with Corporate America. We learned long ago that management’s loyalty to its employees has been supplanted by loyalty to shareholders. Hence the phrase “downsizing” that soon thereafter entered our lexicon. But we do know from people who have studied the issue extensively that people finally leave their comfort zone for a variety of reasons.
Presumably, Corporate America is supposed to provide stability in the form of a regular salary, health insurance, and other ancillary benefits. But you’d have to be blind to see that this façade has been chipped away year after year. Now, more people talk about leaving Corporate America to pursue their own interests as a matter of physical and mental health. Let that sink in for a minute. Another surprising fact? Many people realizing that money isn’t really everything after all. Freedom is. The freedom to pursue your own dreams and entrepreneurial visions as a way of securing better physical and mental health for yourself.
Franchising offers just such an outlet. And, with over 3,000 different concepts, it offers the opportunity to run a business of your own that you value handling over your current paycheck-producing hours. Time really is money. Desiring the freedom to break free from Corporate America means having a calculated plan to exit properly. Here are some tips:
Begin by getting your financial house in order. Pay off revolving debt. Pour money into savings. Create an avenue for funding to accrue and provide yourself some slack to make the transition without worrying about paying the light bill every month. It starts with good habits which you then transition into long-term behavior. There’s an untold amount of advice on how to accomplish this, but Dave Ramsey’s financial peace strategies are highly recommended. Read up on them, set a realistic budget, and get started.
Investigate your passion. We’ve all heard the saying, “Choose a job you love and you’ll never work a day in your life.” This is your opportunity to follow through! At FranNet, we counsel patience and consideration. You may think you know exactly what type of franchise you want to own, but we’ll help you make sure you’re right.
Account for everything you’ll need to lead a new life separate from Corporate America. You may have your finances in order, money in the bank and a business plan committed to paper. Now, what about your family? Are they on board with your choices? Your plan? Will they support your efforts to better your life, as well as theirs? Having the full support and backing from friends and family will help your new venture get off the ground and gain altitude.
Are you prepared for any setbacks? Because they may very well occur. Do your best to seek the counsel of those who have your best interests at heart and who can help you get through the investigative process. Read the fine print carefully. You will likely be investigating multiple franchise concepts. It’s best to compare a list of pros and cons for each opportunity and weigh the decision carefully.
Once you’ve clicked off the steps above, it’s time for what will likely be one of the greatest days of your life. Cutting the cord and venturing out on your own to an exciting future. We don’t recommend making a scene when you turn in your two-week notice. After all, there’s another saying about never burning a bridge. But thousands of people do successfully leave Corporate America each month, determined to strike it out on their own for the betterment of their health and their financial future.
You could be one of them. And if you need any further encouragement, the popular country singer Johnny Paycheck wrote a song about it. You can listen to it here.
Let’s chat! There’s a local FranNet consultant right in your market who knows that market inside and out – knows the personality of the market – knows the competitive landscape. 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 and find your local consultant right now!