Tag: startup

Hold-backs to your Dreams of Business Ownership

More than 85% of the adult population has a strong desire to be self-sufficient but only 5% will ever do anything about that desire because of…FEAR. We are generally afraid of the unknown.

This fear puts people into several camps;

  •       The “Perfect Fit”
  •       Analysis Paralysis
  •       Too Good to Be True
  •       Crabs in the Basket

Let’s look at each of these to learn more about how FEAR keeps us from taking the steps to move forward with our future.

Looking for the “Perfect” business is just an excuse to delay.  There is no “Perfect” business, so if a few meet your criteria they can be the opportunity for you. If you can be 85-90% certain about a franchise then you need to move forward that the remaining certainty will come as you become an owner.

Analysis paralysis is also another way of letting FEAR stop you.  It is a never-ending circle of research, you need to turn right or left to get out of this cycle. I hate to disappoint you, but if you are waiting to be 100% comfortable it doesn’t really exist when making changes in life.

“It’s too good to be true” is something we tell ourselves to keep us from making a decision.  If you have done your due diligence and discovered all you need to know about an opportunity, asked; can see myself doing this and am I willing to do what it takes to achieve success? If the answer is yes, then this is not too good to be true, it is right for you.

You have spent a lot of time researching, gathering data, taking to franchisees and franchisors, you are excited by all the possibilities.  However, you start to talk to family and friends, that’s when you start hearing their FEAR come out in questions like “Are you crazy, what do you know about that industry?” “You are going to lose everything.” “I know someone who… Anecdotal reasons why you shouldn’t follow your dreams due to their Fears. Crabs in the basket pulling you back into the comfort zone with them.

The best way to combat FEAR is to do your homework, do it well and make your decisions looking forward not in the rearview mirror.  If you are thinking of plan B before you set out with plan A you are not ready.  

Your level of commitment will be one of the biggest factors in your success!!