{"id":9771,"date":"2015-05-01T16:51:00","date_gmt":"2015-05-01T20:51:00","guid":{"rendered":"https:\/\/www2.franchisegator.com\/articles\/?p=9771"},"modified":"2022-08-04T17:07:43","modified_gmt":"2022-08-04T21:07:43","slug":"manage-your-expectations-for-franchising-12170","status":"publish","type":"post","link":"https:\/\/www.franchisegator.com\/articles\/manage-your-expectations-for-franchising-12170\/","title":{"rendered":"Manage Your Expectations as a Business Owner"},"content":{"rendered":"<h2>Learning the Right Way<\/h2>\n<p>In everyone\u2019s life, there are some simple truths: you are not<br \/>\nexpected to hit a golf ball 250 yards down the middle of the fairway the very first<br \/>\ntime you swing a golf club, you are not required to hit a home run the very<br \/>\nfirst time you swing a bat and you are not expected to swim the first time you<br \/>\nget thrown into the water. Given these simple truths, why do we expect<br \/>\nourselves to build the next corporation juggernaut the first time we step out<br \/>\non our own and start a business?<\/p>\n<p>Given these simple truths, <em>why<\/em> do we expect ourselves to build the next corporation juggernaut the <strong>first time<\/strong> we step out on our own and start a business?<\/p>\n<h3>An Important Key to Running a Successful Business<\/h3>\n<p>One of the most important keys for running a successful business is managing your internal expectations. All athletes, even the ones with God-given talent, practice and practice and practice &#8211; day in, day out \u2013 they perfect their skill-set and, in many cases, are \u2018coached\u2019 out of their bad habits. If perfection is unattainable, then excellence becomes the goal. The level of excellence we achieve is often attributable to the time and effort we put into the learning process.<\/p>\n<h3>Owning a Franchise Doesn\u2019t Remove the Learning Curve Totally<\/h3>\n<p>Oftentimes the presumption is made that joining a franchise system somehow eliminates the personal learning curve that you must go through to become a seasoned and successful business owner. &nbsp;Unfortunately, that is most often not the case. &nbsp;Yes, it is true that the primary reason you join a franchise is to <strong>shorten the learning curve<\/strong> by leveraging the collective learning of those who went before you. However, joining a franchise <strong>doesn\u2019t eliminate that curve<\/strong> altogether. &nbsp;You must still put in the time and effort it takes to become an expert at running the business. &nbsp;<\/p>\n<p>Sliding down the learning curve is challenging and takes personal fortitude. &nbsp;It is never easy, but it can be <em><\/em><strong><em>simplified<\/em><\/strong>. &nbsp;You simplify the process by making sure the business does the following three things:<\/p>\n<ul>\n<li>Leverages your personal skill sets<\/li>\n<li>Fits your lifestyle goals<\/li>\n<li>Fits your financial requirements &nbsp;<\/li>\n<\/ul>\n<p>When you do this, you\u2019ll be in a significantly better position as you slide down that learning curve. &nbsp;<\/p>\n<h3>A Franchise May Be Profitable, But Does it \u201cFit\u201d<\/h3>\n<p>This is an important thing to understand: the \u201c<strong>fit<\/strong>\u201d is probably one of the most underrated steps in franchising. &nbsp;<em>Just because you think something is a <strong>good idea<\/strong> does not mean it\u2019s a <strong>good fit<\/strong> for you<\/em>. One of the most valuable things you\u2019ll ever do when searching for a franchise, regardless of how big the opportunity or how profitable the franchise is currently, is to carefully evaluate whether or not something makes sense for you (based on your likes, dislikes, experience, and attributes).<\/p>\n<h3>Stack the Deck \u2013 Have the Right People and Tools<\/h3>\n<p>If you were an athlete, you\u2019d probably have a few coaches. Golfers have swing coaches, stress coaches and business coaches to help them with their careers (let\u2019s not forget about their trusted caddies). &nbsp;They surround themselves with experts that can help them get the most out of their game and career. Elite athletes are like many successful entrepreneurs \u2013 they have the drive and know they need the right help to succeed. These right-thinking elites enlist experts and then they put in the time and effort to succeed. In short, they <strong>stack the deck<\/strong> in their favor and remove numerous \u201cintangibles\u201d that are simply distractions in their journey to success.<\/p>\n<p>If you are considering investing in a franchise business, you should seriously considering stacking the deck in your favor and adding a <a target=\"_blank\" title=\"\" href=\"http:\/\/afranchisecoach.com\/\" rel=\"noopener\">Franchise Coach<\/a> or Consultant to your team. It\u2019s their job to spend time with you and find the right \u2018fit\u2019 based on several factors that are unique to you. Once you\u2019ve narrowed the choices, a seasoned franchise coach can help you navigate the due diligence process to ensure your investment has the best chance of success. Of course, a good coach will be honest with you and tell you that you won\u2019t hit a home run on the first swing, but maybe that shouldn\u2019t be the goal anyway. &nbsp;Maybe the goal should be to safely get on base.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Learning the Right Way In everyone\u2019s life, there are some simple truths: you are not expected to hit a golf ball 250 yards down the middle of the fairway the very first time you swing a golf club, you are not required to hit a home run the very first time you swing a bat <a href=\"https:\/\/www.franchisegator.com\/articles\/manage-your-expectations-for-franchising-12170\/\" class=\"more-link\">&#8230;<span class=\"screen-reader-text\">  Manage Your Expectations as a Business Owner<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":9772,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[],"class_list":["post-9771","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-editorial"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - 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