How To Find Your Entrepreneurial Spirit
After the year we just had – now is a great time to start a business. The world of work has changed and with it came massive innovation. New social platforms like Clubhouse are here, remote work is the norm and skincare for “maskne” is on the market. It’s never been a better time to jump in with your unique idea.
If you’ve ever had that feeling that you were meant to run your own business, that you want to leave the routine of the 9-5 in search of more freedom and flexibility in your career, now might be the right time. Read more at Forbes.com.
How to Launch Your Startup in 7 Easy Steps
We all want to manifest success in our lives. It fuels our desires to attain something. People perceive success differently as we have different desires. Some go after enriching themselves with material things to get financial freedom. Others study further to advance to the next level in their academic career.
Nevertheless, it’s necessary to identify clearly what we truly desire to achieve in life. This will give you a clear vision of which path you should go and what steps to take.
Bill Gates’s top secrets in achieving success includes starting as early as you can. He was only 13 years old when he started working with computers and looked how successful and influential he has become.
Facebook’s CEO, Mark Zuckerburg built up his now multi-billion dollar company while he was still a student at Harvard University. Facebook has become one of the most popular and widely used social media platforms around the globe.
These people proved that age is not a determining factor of success. Therefore, we don’t need to wait until we are old and stable enough to launch our start-up business. Read more at Addicted2Success.com.
The Powerful Connection Between Entrepreneurship And Fitness
Becoming an entrepreneur is a dream, aspired by many but attempted by only a small fraction. Entrepreneurship is a highly demanding job requiring copious amounts of patience and endurance. While the reward for success is extremely lucrative, the risk of burning out in the process is very high.
Entrepreneurs are often the busiest workers in the room putting in longer work hours than most and doggedly pursuing their goals with a single-minded focus. But while the rewards are aplenty, prolonged exposure to such stress is liable to take a serious physical toll on the human body.
Often, work overrides other aspects of life and isolates one from the reality of their own existence. This is a slippery slope and can easily be avoided with a simple solution – of maintaining an exercise regime. Following and diligently maintaining a regular fitness regime has a host of benefits to offer. Read more at inc42.com.
Outlaw FitCamp: A passion for changing lives
A lot of us find ourselves muddled when it comes to choosing the right place to work out. With so many big-box gyms, fitness studios, yoga classes, group classes, etc., it gets hard to decide which one will work. Hence, we find ourselves shuffling from one place to another until we find the one that feels like home. But why is it so difficult to make this choice in the first place.
To begin with it, apart from the basic criteria such as location, budget, and personal goal, it depends on the quality of services and environment offered by the facility to their customers. After that, it comes down to the results and the level of engagement, enjoyment, and satisfaction in the training sessions. For instance, one of the downsides of choosing fitness studios is the repetitive and humdrum routines that pose the risk of getting injuries and hitting the plateau despite offering personalized attention with specifically designed and structured classes. That’s exactly where Outlaw FitCamp, an indoor bootcamp and personal training brand, differentiates itself. Read the interview at Aspioneer.com with Outlaw FitCamp Founder, Jesse James Leyva.
What Do I Need To Do Before Buying a Franchise?
Before you buy a franchise, you must ensure that you are well equipped for the task ahead. But where should you start?
Many franchisees sign a significant portion of their life savings over to open a business, and they do so because they are confident in the franchisor’s business model and their own ability to follow it. If they are smart, they have also retained legal counsel and consulted their loved ones.
Buying a franchise means becoming a business owner, and owning a business means liability. If you fail, your business fails. Franchisors can train and support you for success, but it will be you unlocking the doors each morning and running day-to-day operations, unless you hire a manager to do it in your stead. Read more at 1851franchise.com.
Franchise Financing Options: How to Find the Money
When buying a franchise, the key number you will need to know for franchise financing purposes is the initial investment. The initial investment is your “all in” costs and includes the franchise fee and various startup costs such as grand opening, initial inventory, signage, leasehold improvements, supplies, equipment and more.
The initial investment for most franchises is between $75,000 to $500,000 — with about half falling under $250,000. However, the initial investment varies widely by industry and brand, with some franchises at less than $75,000 and others approaching $1 million or more.
But don’t shy away because of these numbers. Buying a franchise is very doable. “Many first time franchise buyers can find an abundance of viable franchise options between $100k to $250k,” advises Mariel Miller, a national franchise advisor. “And most of the time, with the right franchise financing strategies, they can come up with several funding combinations to afford it.”
Many buyers put together financing options that include a combination of personal savings, SBA loans, conventional business loan products, 401(k) rollovers, and/or franchisor in-house programs. Read more at SmallBizTrends.com.
Escaping the Cube: Why, When, and How Workers Leave Corporate America to Pursue Entrepreneurial Ambitions
Many employees who choose to leave the safety of a corporate job do it for the freedom and flexibility that comes with starting a business. In addition to the wealth potential, running your own business gives you the opportunity to control your destiny.
The choice to leave a seemingly secure position in corporate America may seem risky. However, in many cases, the climate and culture in the corporate world leave a bit to be desired. Here are a number of other reasons people are choosing to leave:
- Office Politics. When you become your own boss, the nastiness of office politics is a headache you can completely avoid. You’re no longer burdened by coworker infighting, pressured to cater to the whims of a difficult boss, or forced to be a pawn in someone else’s chess game.
- Career Control.With a corporate job, workers are not always in control of their career path. The opportunity for promotion or advancement or learning new skills is often at the whims of a supervisor.
- Declining Benefits. In most areas of corporate life, the notions of company-provided pensions, reliable healthcare, and other benefits are long gone. More of those costs are now passed on to the worker.
- Loyalty. In years gone by, companies earned the loyalty of their employees, providing them with opportunities and security that enabled a long, productive career with one company. Today, some corporations no longer value loyalty, and workers have to cope with ever-looming threats of layoffs and downgraded opportunities.
While not everything about corporate America is doom and gloom, there is certainly a great deal of dissatisfaction that employees are feeling about the work being done and the way they are being treated. It’s no wonder that employee engagement is only at 31 percent in America and Canada; and that number is drops to 15 percent globally. Read more at Benetrends.com.
10 Surprising Ways to Take Exercise Beyond a Habit
As an executive coach and writer, Brad Stulberg studies the science of performance. His books probe the connections between passion, motivation and success.
He co-created The Growth Equation, which he describes as “dedicated to the art and science of a more fulfilling and sustainable kind of success.” He summarizes the equation as stress plus rest equals growth, and that applies to running a business just as much as it does to getting in shape.
Read this Q&A at Success.com for tips to make exercise a foundational part of your life.
7 Steps to Starting Your Own Business Quickly and Effectively
If you are thinking of starting a business because you lost your job and are having trouble finding a new one, then think about doing a better job search. Hire a career coach or get some training. Starting a business is much harder than getting a job, so it’s worth the extra effort to look for employment in a better way if that’s your true preference.
Also, think about whether you have what it takes to start a business in these terms: No one will tell you what to do (except your customers). You have to be self-motivated, willing to make many sacrifices and be able to last for the long term while your business goes from startup to maturity.
Franchise or independent? Service or manufacturing? Brick-and-mortar retail or online? Consumer or business-to-business? There are dozens of different types of businesses, each with its own benefits and drawbacks. Like to work with the public? A retail store might be right for you, but you will face the tradeoff of having a lot of overhead (rent and utilities for example). Read more at BalanceSMB.com.
Are you ready to own your own business?
Are you thinking of going into business for yourself and learning how the choice of a franchise can “jump-start” the process and your earning potential? Well, Franchise Foundry can help. Working with in-house franchise professionals you will work one-on-one in determining if you’re right for franchising and whether it is right for you. If you determine that franchising is a path to consider, you will be introduced to various industry segments and ultimately, brands that could be a “right-fit” situation . . . all to help ensure your future success! Read more at FranchiseFoundry.com.
Pandemic inspires surge in first-time business owners
“The pandemic has forced everybody to look at life in a different way,” said Marc Parham, director of the Urban League of Greater Atlanta’s Entrepreneurship Center. “Folks will either sink or swim. The key to success for any entrepreneur is to identify their superpower– the thing they do better than anybody else– and then learning how to successfully pivot and partner in these dynamic times.”
“Folks have been eating and cooking the same foods for months,” he said. “They have been locked down and now want to try something new. It’s no longer about the place anymore. It’s about the creating value in the experience. Consumers care about how these experiences and interactions with your business makes them feel.” Read more at TheAtlantaVoice.com.
These 5 Nontraditional Types of Franchisees Make Great Leaders
As the community faces a new reality resulting from unprecedented circumstances, motivated entrepreneurs are seeking to control their job security through acquiring a business.
This new landscape also means the common profile of a modern franchisee business owner is shifting from older stereotypes, with many new entrants bringing nontraditional backgrounds and experiences.
Consider these new faces of the franchise community and the advantages they have over the usual franchisee at Entrepreneur.com.
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