Why Franchise Ownership Doesn't Need to be a Spooky or Scary Proposition

Everyone agrees that the month of October is a time in which we explore our own relationships (and reservations) with the things that frighten us most. It’s a traditional time of ghosts, goblins, and spooky things that crawl in the night. That’s why it’s the perfect time to take on a fear that’s all too real for many – entrepreneurship. In this blog, we hope to share some of the anxieties and insecurities that are preventing the next generation of business owners from taking that proverbial leap of faith into entrepreneurship.

Entrepreneurship doesn’t need to be a spooky or scary proposition, and we have the details you need to understand why some people allow their fears to prevent them from living the life they were meant to lead. So, buckle up! We promise there will be no “jump scares” in this blog edition. Just helpful advice that you can put to use for your own good.

Are You a Fit for This Life?

We’d like to begin by stating that not everyone is cut out for an entrepreneurial life – in particular franchise ownership. To do so requires a certain mindset in which you’re amenable to following a proven business model, are the trainable sort, can stick to the script, and work happily within the confines of what’s spelled out in your franchise agreement. If you’re a free spirit who likes to march to the beat of your own drum, more power to you – but you may not feel comfortable as an entrepreneur. Our target audience consists of individuals who’ve always dreamed of becoming their own boss, as well as those who might be considering entrepreneurship due to unforeseen circumstances.

With High Risk, Comes High Reward

Entrepreneurship can be a challenging quest. That’s why they don’t call it a “leap of faith” for nothing. It takes bravery, careful planning, and a firm conviction that you can – and will – succeed, especially when one considers leaving a steady paycheck behind to pursue their own interests. Many behavioral specialists who help people overcome their fears keep coming back to a simple premise – what’s the worst that could happen? Would-be entrepreneurs must carefully consider and weigh their options. But what many may not realize is that franchise ownership comes in many forms. Some new franchisees manage to find a way to keep their “day job” while working on their new business as time allows – a transitional leap of faith. There are also semi-absentee franchise models, in which all you need to do is “manage the manager.” The majority of brands in the Franchise FastLane portfolio were chosen due to their affordability, potential, mobility, and lack of inventory or overhead. It’s OK to admit that franchise ownership might be a high risk move for you. But as we all know, with high risk often comes high rewards.

Franchising Means You’ll Never be Alone…

The business model of franchising itself is predicated on two comforting pillars. All franchise brands offer comprehensive training and close-knit, ongoing support. It’s one of the reasons that the majority of concepts don’t require prior categorical experience to own and operate. And, with the sheer number of franchise opportunities out there, it’s almost certain that there’s a business model that appeals to everyone. The franchising industry is thriving because entrepreneurs get the resources they need to run a successful business of their own. As Franchise FastLane likes to say about franchise ownership – you’ll be in business for yourself, but never by yourself. And that’s a pretty comforting thought, wouldn’t you say?

Deciding on an entrepreneurial future requires plenty of thought and consideration. Discover the factors that are holding you back and develop actionable solutions to overcome them. Focus on the benefits of entrepreneurship – the freedom and flexibility to own and operate a business that’s all your own. Never forget that, as an entrepreneur, all the hard work and effort that you’re currently producing could be redirected to your own benefit. Not to mention control over your own income-generating potential. You may be familiar with U.S. President Franklin D. Roosevelt’s famous words about confronting fear. But the full quote provides much more context for you to consider:

“So, first of all, let me assert my firm belief that the only thing we have to fear is fear itself – nameless, unreasoning, unjustified terror which paralyzes needed efforts to convert retreat into advance.”

Are You Ready to Step Into Franchise Ownership?

Franchise FastLane is the No. 1 Franchise Sales Organization (FSO) in the country. Our mission is to responsibly drive extraordinary growth for the chosen few. We have vetted over 26 brands that are ready to grow! To learn more about the brands we represent, explore our brands page today. If you are a franchisor and are interested in learning more about the possibility of joining the FastLane or CarPool, fill out the application form today! To keep up with all the latest happenings, make sure you follow us on LinkedIn, like us on Facebook, and check out our collection of photos on Instagram.