Whenever I speak with a new candidateI often find myself answering some repeated questions. Mostly, these questions focus on a myth or misunderstanding that has given them a break in taking into account the ownership of the exclusivity.

Looking for an abundance of question It is an essential part of the process of proper care, so I welcome these questions. But sometimes, people allow these myths to stop their entrepreneurial dreams in their footsteps. Below is a list of five ordinary myths I hear about exclusivity and what I learned after eight years in business:

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1. “I'm buying a job myself”

“Self-employment” can have a negative connotation about it, whether it is external sources that cast doubt on the durability of a particular possibility or your inner resistance. But in my experience, there is an improvement in the lifestyle that comes from business ownership.

And let's be clear, self-employment IS NO The way of the slightest resistance – you will have to make a great effort to make your dreams a reality. However, when the responsibility of success stands on your shoulders, there is a sense of pride and purpose that comes with the territory.

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2. “Aren't you exclusory all fast food?”

Simply put, no. There is really a lot of excellent restaurant franchiseHowever, these do not in any way represent an exhaustive list of exclusivity opportunities. Especially in recent years, exclusivities have expanded in many different industries. In fact, whenever there is a non -fulfilling consumer need, exclusives often become solutions.

Salon services? There is an exclusivity for this. Fitnes boutique? Care for children and the elderly? Mental health services? Home care services? There are exclusivity for this. If you can imagine a client's need, then there are likely to have an exclusivity there to respond to the call.

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3. “Franchising is not scaled”

This is a myth that initially stopped me from considering exclusivity. I have not had any reservations about brands or concepts, but I had always considered an exclusivity owner to be someone who ran their small shop or business but no beyond. However, when a friend increased his multi -unit operation and was sold to a multimillion dollar deal, I had to walk my assumptions again. Between the expansion of the territory and the possibilities of increasing the multi -unit exclusivity, the exclusivity can be very scaled.

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4. “Franchising is lower”

In the business world, exclusivity is sometimes considered to be more “low -view” than other businesses. Why? Perhaps it is the fact that the idea is not yours. Perhaps the “buying a job” connotation comes with a perceived lack of effort. Maybe it's so much Brands of exclusivity Do not represent a certain social status desired.

Of course the concept may not be your mind, but it also means that it has a test of concept. You will need to put as much time and effort as you can in a corporate role, if no more. And look, I will not sit here and tell you that home repair services like plumbing and gutters are sexy. But what I will tell you is that exclusivities often perform some of the most reliable and continuous essential services and the vital nature of the services they offer keeps business to go in unstable time economically by doing these businesses recession.

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5. “Franchises are a source of passive income”

Whenever I speak with a new candidate who is interested in the exclusivity ownership, one of the most important conversations we have is about the future role they will have within their exclusivity. There are models for different roles of owners, including self-employment, owner-operative, executive and semi-taken. However, more semi -reduced models usually require you to have more starting capital to prevent you from daily operations.

For example, I owned a fitness exclusivity This usually required 2-5 hours a week of my time, but the first 90 days of her taking it were launched me to work almost full time in addition to my corporate work. It is important to prove the role of the owner with the current owners of exclusivity in each system. Therefore, while it can be very profitable and successful, your investment in an exclusivity is not likely to be passive – at least not at first. Finally, exclusivity owners can go into a semi -passive role as they have escalated enough to hire managers to run daily operations.

I have heard each of these myths a lot, many times when a consultant was made. Candidates who have continued to be successful exclusivity owners were able to reposition their relationships with exclusivity and to see the great opportunities available than to rely on partially informed myths about the industry. While exclusivity is not for everyone, you need to make business decisions with clear information than myths or misunderstandings.

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