There are various things you’ll encounter during your quest for the “perfect” brand that has the potential to make it difficult to stay grounded. The first consideration is the amount of time it will take you to locate the ideal franchise opportunity for you. While we’re on the subject of limiting down your franchise options, one of the first steps you should do before looking for a franchise to acquire is to sit down and review your financials. Do this first so you don’t find up looking at — and perhaps falling in love with — a franchise that you can’t afford. This is one approach to keep your feet on the ground.
Another area where I see potential franchisees struggle is deciding between two excellent franchise possibilities. It’s hard and draining emotionally. If it ever occurs to you, here’s a trick to help you make the best decision possible. Finally, it’s nearly hard to do a serious franchise search without running into “interested” family members. Not only are they intrigued about the franchises you’re passionate about, but they’re also concerned. Especially if you’ve lost your job and are pursuing a career that they are unfamiliar with. You won’t be overwhelmed by the franchise choosing process if you stay grounded. However, it will not eliminate all of the potentially aggravating situations. But, when you’re feeling frustrated, stick to your guns. You can’t allow your feelings to get in the way of a good, old-fashioned fact-finding mission.
You’re a person. Your emotions will visit you at the most inconvenient time possible. The key is to recognise what’s going on and return to the subject at hand as fast as possible. Being present is essential at all times, but it is especially crucial when circumstances are unclear or chaotic. We must concentrate on what is happening right now in a quickly changing environment. The past, future, or other distractions won’t help us solve the challenges we’re dealing with right now. They were able to accomplish this because they learned how to remain grounded in the middle of the pandemonium. Because they were thinking and acting in the present, the entrepreneurs who successfully recreated themselves during these uncertain times we’re able to do so. They were able to swiftly notice that the world was changing around them, allowing them to figure out what needed to be done in that particular business situation. Entrepreneurs frequently get caught up in the past and future, failing to live in the present. One of the most important stages to keeping grounded is letting go of the past—both failures and successes—because it helps you to be sensitive to the many demands of our changing environment. Consider driving a car: gazing in the rearview mirror may provide some important information, but it will not assist you in determining how to steer.
The fact is that as the world changes and evolves, earlier triumphs might become meaningless. With the coronavirus epidemic, we’ve experienced this firsthand. What worked in the “old normal” may not work in the “new normal,” but many entrepreneurs are too focused on their previous triumphs to realise this. Take a step back and focus on the current moment if you’re ever feeling nervous, frightened, or unclear about what to do with your life or business. You’ll be amazed to learn that virtually all of the solutions are there in front of you—all you have to do is stay grounded and pay attention to what’s going on right now.
Karan Makan
Technology Engineer and Entrepreneur. Currently working with International Brands and helping them scale their products Globally through different ventures. He owns Multiple Food Brands and is on a continuous spree to acquire many more businesses in the coming years. With over 10 years of experience and strong background in Brand Acquisition, Karan Makan is soon poised to be a Brand in the coming years.
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