Tune out the negative and focus on the positive when buying a franchise business.
“When a thoughtless or unkind word is spoken, best tune out.” Ruth Bader Ginsburg
When buying a franchise business, one of the first strategies is to transform your mindset and focus on the positive.
Following is an excerpt from my book “Franchising Without Fear, Six Steps to Successfully Buying Your Own Business”:
Strategy 1: Transform your mindset
Make a conscious effort to think positive thoughts about this process.
First of all, you need to realize that fear is a regular part of the process. Everyone has fear and doubts when starting something new. We fear life changes such as buying a business, getting married, or having children. We experience fear when we start a new job, go for a job interview, attend a networking event, or go to a new school. There is fear as you drive to the big game, and there is despair when you get out of the car and see the stadium. When buying a home, there is fear of the financial commitment and worry about moving to a new location. It’s part of our makeup to fear new events. Whether we admit it or not, changes bring fear of the unknown. But if we all caved into our doubt, there would be no progress!
Remember, you are not alone. Everyone who has ever bought a franchise or started a business had reservations about their decision. Accept your fear, then make a conscious decision to change your mind set about it. “Switch from thinking about failures to thinking about discrepancies between what you hope to achieve and what you might achieve,” says Tsaousides. “Discrepancies provide you with information that you can study, explain, and learn from so you can recalibrate your future efforts.”
We commonly find discrepancies between what we have read and what we already believe or actually experience. People love to find these kinds of little inconsistencies and use them as excuses not to move forward. The excuses become like sharp stones on bare feet, slowing you down.
Friends and acquaintances often bring up reasons not to buy a franchise or business. Don’t let their excuses or rocks become yours.
(Tsaousides, How to Conquer Fear of Failure 2018)
Contact Trish for more information and to assist you when buying a franchise business.
Keep following my Blog for more insights into fantastic franchise options. Remember owning a business is about matching your skills with the right business that meets your personal and professional goals. My 6-step process will guide you to the right business for you and get you introduced to opportunities that work for you.
What are you waiting for?
Trish Benedik owner of Select Franchise Consulting will help narrow your options and find the franchise that is the right fit for you saving you time and frustration. Our consultation will help you make an informed decision. There are thousands of options in franchising, find the one that is a good fit for your business and lifestyle goals.
Disclosure: Select Franchise Consulting/Trish Benedik/T A Benedik, LLC does not guarantee the financial performance of any franchise, licensed affiliate, or business opportunity. The decision to purchase a franchise, licensed affiliate, or business opportunity must be based on the buyer’s independent research and analysis. Select Franchise Consulting/Trish Benedik/T A Benedik LLC is not liable for any representation made by a franchisor and/or a franchisors employee, affiliate, or associate with respect to real estate, financial, operations, or marketing performance of the business being acquired.