Thursday, March 20, 2014

Owning a Franchise


I remember as a teenager a family in my area talking about possibly owning a McDonald’s in a city close by. At the time I didn’t fully understand the idea of a franchise and up until this past week when I thought of a franchise I mainly thought of fast food places. The world of franchises is much more extensive than I ever realized! I found a few neat business opportunities that seemed like they would be fun and great ways to earn a living. One of my main concerns about owning a franchise was the fact that most every fast food location is open on Sundays, this is something that I do not want and would be a deal breaker. For that reason Chick-fil-a seemed like the only option I was aware of. However there is a whole world of opportunities! Another thing I would want to be able to stick to is not having to go into debt, for me personally this just isn’t an option, so that would mean a lot of saving up before I ever really started looking into a franchise opportunity.

Something else I thought about this week based off insight given by Nicole Donnelly, who is a successful business owner, is the importance of not being afraid. We limit ourselves when we fear and we cannot reach our full potential if we are limited. When it comes down to it what do you really have to lose compared to what you can gain? At the end of the day does it really matter if I may have goofed up in a presentation? I’ll learn and do better next time. Would I rather have not even taken the opportunity to present in the first place?

Business Update
Nice weather is a wonderful thing! We are continuing to get ourselves out there and with the nicer weather more people are open to have photo sessions. In addition to this photography my wife has just started as an independent consultant for LuLaRoe Maxi Skirts. She is incredibly excited and I think the effort we have put into the photography has helped her learn some good lessons as she starts this adventure. We have had to go through the process of getting a business license, which will also help if she decides to continue on with her photography!

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