What is it that attracts more and more people to become business owners? What happens to bring that Entrepreneurial spirit to the forefront?
Not only do Entrepreneurs embody the American Dream, they drive our economy and our future.
Today’s corporate mergers create additional opportunities for many to take the “big step” into business ownership. More and more talented individuals in the 40-60 age group are finding great difficulty in their search to replace the position and income they enjoyed in their previous employment. What are these “breadwinners” to do when they are too young to retire and many have one or more children in college? A high percentage will seriously look into business ownership.
As increasing numbers seriously explore business ownership, assuming they are qualified financially, we find the largest roadblock to be...RISK.
R – Research = Reward I - Insecurity with volatile job market S - Success is Not Guaranteed K – Knowledge and Self Confidence to build an asset Obviously, there are no guarantees. Of course, running a business takes talent and skill.
Reducing the risk is accomplished by research and due diligence. As with any major decision in life, an individual will at first emotionally buy the business, then justify with the facts. The fear factor is rationalized by the confidence a person has in his/her transferable skills and the vision to build something……an asset to pass on to the next generation, put a manager in place and back away when the time is right, or even sell when they choose.
It’s all about timing. I met many of my clients over a year ago. Sometimes people will interview for jobs and look into business ownership at the same time. You can’t give 100% effort by going down two paths at once. Occasionally, a client will take a position that is less than preferred, because the frustration of the search has taken its toll. However, when they are downsized AGAIN, they decide the timing is right to end the job insecurity by moving forward into business ownership. No glass ceilings, no corporate agendas, no corporate politics…..simply more independence and a chance to control their destiny...a chance to build something by working for “self” rather than someone else.
The American Dream – is it in your future?
Business Ownership - The American Dream - To learn more about this author, visit Anne Barr's Website.
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Anne Barr
(Visit Anne's Website)
Anne Barr has over 26 years experience in
sales and marketing, six years as a
franchisee. She has assisted over 367
business owners and purchasers to achieve
their goals in career change, transition
and exit strategy. She holds the
designation of Certified Franchise
Executive from the International Franchise
Association, Certified Business
Intermediary from the International
Business Brokers Association and Board
Certified Broker from the Texas
Association of Business Brokers. Anne is
active in professional organizations,
networking groups and volunteers for
non-profit entities. As owner/operator of
four successful businesses, Anne has
proven people skills and enjoys helping
clients find the right "fit" in business
ownership. Visit www.FranchiseOpportunitySpecialist.co
m for more information about me and my
company.
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