by Larry Reed | Jan 15, 2023 | Franchising, News
As an entrepreneur, being self-confident can be beneficial for you and your employees. Your employees will look up to you as someone they can trust to lead them in the right direction, and this will help them feel confident in their work. A workplace with confident employees is more likely to be successful.
But being self-confident does not come naturally to everyone. For some entrepreneurs, while they may excel in business acumen, building relationships and having knowledge of their business or product, being self-confident may be difficult.
Luckily, there are ways for you to build your confidence as an entrepreneur. Here are some of the methods you can use to make yourself a more confident entrepreneur and leader in your workplace!
Learning to Be Resilient
Encountering difficulties is part of being an entrepreneur. Of course, you will want to be as successful as possible, but as with any profession, you will come across roadblocks that may take you slightly off course.
One way to safely navigate these roadblocks is by learning to be emotionally resilient. What does it mean to be “emotionally resilient”?
This means that even in the face of adversity, you will be able to find a way to control your emotions, pick yourself up and get back to work.
Facing Your Fears
Even the strongest people have fears. But when it comes to dealing with fear as an entrepreneur, letting your fear of failure, challenges and conflict at work get the best of you will only hinder your success.
So, what can you do to overcome your fears? You can confront them!
Take the time to acknowledge that your fears are real and that it is normal to feel the way you do. You can begin to explore the source of your fears and the impact that not dealing with them is having on you at work.
From there, you can take steps to work to overcome those fears. If a challenge or conflict arises at work, try to work through it rather than ignore them.
Being an entrepreneur can be a life-changing experience. But if you are a person who lacks self-confidence, you may find your entrepreneurial career challenging. By practicing these steps, you can help yourself to be a more confident entrepreneur and leader.
If you would like to know more about franchising and how I can help you, get in touch today!
by Larry Reed | May 27, 2015 | Franchising, News
Many new entrepreneurs don’t come from sales backgrounds and don’t have sales teams to rely on. The thought of selling is daunting. In fact, one of the most asked questions of me by those considering the franchise business model is, “I don’t have to sell, do I?” Of course we’re talking about capitalism here, so somebody’s got to sell something to somebody to make the world turn, so to speak. And if you think about it, in any job you’ve gained or held, you had to sell your manager that you were the right person for the job. Most of us conduct sales related actions each day to influence or motivate behavior and/or actions; and we don’t even recognize that it is happening.
How do you define selling?
by Larry Reed | Mar 25, 2015 | Franchising, News
Meet Robinn Scholfield, Advocate for Women and the Franchising Business Model
Periodically, I highlight successful entrepreneurs and share their story with my followers. It could be someone we’ve helped acquire a franchise, someone we met while networking or someone we admire from afar. This post puts the spotlight on Robinn Scholfield, a Kansas City-area entrepreneur who has owned, operated and sold multiple businesses.
If you haven’t met Robinn Scholfield, then you probably don’t know that her mission is to empower women by helping them maximize their personal image. She accomplishes her mission through Image Evolution, her latest entrepreneurial adventure. Judging by the growth of this new business venture thus far, and her track record, she’s well on her way to building another successful company. (more…)
by Larry Reed | Mar 3, 2015 | Franchising, News
Achieving a better work-life balance is often cited as one of the main drivers behind a person’s decision to invest in the franchise business ownership model. Just what is meant by work-life balance though? Is it working seventy percent of the time while having thirty percent to do as you wish with family, leisure, travel, physical fitness, etc.? Or is it the flip of that formula, or a different balance altogether? (more…)
by Larry Reed | Jan 27, 2015 | Franchising, Franchising for Veterans, News
Why veterans can make great franchise business owners
I believe that veterans have numerous characteristics that can make them successful business owners and franchise operators. Operating a franchise requires a variety of skills – and the military tends to cultivate these skills. Following are the top skills that veterans often gain from their service to our country that benefit them when they operate their own business. (more…)
by Larry Reed | Dec 9, 2014 | Franchising, News
Today, many people with business development skills and experience are looking for affordable business ownership opportunities. In addition to traditional franchise business models, a number of low-cost business opportunities (also known as “biz opps”) exist for them to consider. The investment range for biz opps is relatively modest, usually ranging from $20,000 to $75,000, and they are well-suited to people with a history working in a business development role.
Biz opps’ low initial investment provides an opportunity for a quick return on investment (ROI). The low monthly operating costs provide the potential for attractive profit margins, as well as great flexibility with work hours. The owner can work as few or as many hours as desired – without any pressure from the boss. (more…)