Owning a small business or franchise is certainly not for everyone. But if you’ve got the entrepreneurial bug, there are certain telltale signs that starting a small business or investing in a franchise might be right for you.
Here are 10 reasons you might want to consider going into business for yourself:
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You want to put your passion into action
Business and franchise owners find that it is not enough to care about something. They have a deep-seeded need to put their passions into action. Whether you have a desire to help the elderly, work with pets or provide the best coffee in town, you need to get out there and exercise your skills.
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You’re a thinker
Owning a small business involves considerable problem-solving skills involving everything from hiring to marketing. If your wheels are constantly turning, business ownership may be just the challenge you’ve been looking for.
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You’re a do-er
Having great ideas is not enough for you. You thrive on making a to-do list and checking off its items.
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Organization is your middle name
Running any type of small business or franchise requires a great deal of organizational skills. If you’re the type that never loses your keys and manages not to double book appointments, then entrepreneurship might be right for you.
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No commitment issues here
Operating a small business or franchise is a big commitment, but for those who are willing to make that commitment, it can be a very rewarding experience. If you can see yourself sticking with a business for the next 15 to 20 years, business ownership might be a good fit for you.
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You love a challenge
There will be days when owning a business will be just plain hard. But if you are able to rise to the challenge in spite of the naysayers, you could find success in the business world.
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Your work ethic is second to none
Owning a small business or franchise is not about laying on the beach while others do the grunt work. Especially in the early stages you can expect to work hard and put in long hours. If you’re prepared to do this, however, you can build a thriving business.
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You have a curious mind and are always learning
No one goes into business knowing everything they will need to know to succeed. New challenges are always arising, and you will have to learn how to find the solutions. Having a thirst for learning is key if you are to help your business grow.
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You can be flexible with your schedule
Owning your own small business or franchise will sometimes mean early mornings, or late nights, weekends, or holidays, or whenever your business needs your attention.
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Type A Personality
Are you the type of person who likes to get things done? Are you competitive and goal-oriented? If so, owning a small business or franchise might be the perfect way to put those traits to work.
Franchises typically offer a great deal of support and training, but you still have to be the right fit to make the venture a success. If these 10 traits sound like you, consider taking the next step in becoming a small business or franchise owner.