My previous article was about growing your business through franchising.
Some of you may have finally considered taking that leap. Good for you! However, others may still be hesitating in taking that step. So what could be stopping them?
Entrepreneurs come up with a lot of ideas on growing their business. But sometimes they put the brakes on these ideas because they have doubts that they can pull it off.
They may feel that there aren’t enough good people to hire, or worry that expanding the business may mean spending less time with the family. The list goes on.
But they should recognize these thoughts for what they are: Excuses!
Being afraid is natural. Fear is part of the process. Learn to get past it and move on.
Entrepreneurs may also come across unexpected obstacles.
For example, you may have spent weeks trying to get the client’s approval, but at the last minute, he cancels and says that another company gave him a better offer. Or your most trusted employee suddenly quits and puts up his own firm that offers the same products or services you sell.
Before you give up your dreams of expansion, or your business itself, think back on why you started the business in the first place.
Look at how much time and money you have spent to get this far. Think back on this and you will realize that it’s not worth giving up just because things don’t seem to be going as planned.
You have two options: to give up, or to become more productive and successful.
Our biggest critic is ourselves. But when you see yourself failing or falling short, you should be the first one to try to correct the mistake and find a solution. If you feel that you cannot do it alone, don’t hesitate to seek help from a person you trust and let him/her understand what you are going through.
Sometimes, we see things bleaker than how they really are. Sadly, because of fear and doubt, we fail to take advantage of a lot of opportunities.
Be strong. Be wise. Embrace those challenges. Learn from them. Everything will fall into place eventually. So that leaves you nowhere to go but up.
Get The Business Mentor’s latest book “35 Tips On Business” available on E-book and paperback at www.amazon.com
(Armando Bartolome is known as the Philippines’ Franchise Guru, a mentor to numerous micro entrepreneurs who are now themselves big names in the industry. This article is reposted with the author’s permission and was previously published on The Business Mentor column posted by ABSCBN News. For questions and more information, you may contact Armando “Butz” Bartolome by email: email@example.com or on Twitter @philfranguru. His website is https://www.gmbmsglobal.com/ )