Did You Lower The Bar For Your Business?

You’ve done it. You successfully own a franchise or new business and the first three years have passed without too much trouble. Now 10 years…15…20, each with its own unique opportunity to keep your business perspective fresh and exciting. How do you stay motived and keep your passion thriving?

You’ve already overcome one of the hardest obstacles about business ownership, which is finding a business you find fulfilling and from which you gain a level of satisfaction. When your career matches up with your passions, it is hard to dread the workweek. Yet, that doesn’t mean you’ll wake up refreshed and ready to smell the roses at each ding of the alarm. While your emotions may fluctuate, you can’t lower the bar in your business relationship. It’s a constant give and take and your standards should remain resolute even in the roughest times.

• Realistic Goals: The world around you is rapidly changing, which means your business will be affected. Don’t set yourself up for disappointment, track your progress and celebrate the small milestones as well.

• Embrace Competition: Nothing like a good challenge to awaken the competitor within. Face it, we all like to win and a little healthy competition will encourage you to innovate and explore. Lacking in competition? That’s great! Challenge yourself. Let your friends and coworkers speak their mind and keep your business from becoming stale one way or another.

• Your Business is a Result of Your Efforts: That’s right. Your intentions, actions, efforts will show in your business. It is ideally an extension of you, after all. Make sure you put your best foot forward, or the lack of motivation will start to show in your work.

• Self Mastery: Continue to use the courage that got you to this point to achieve your dreams. Fear, if left unmanaged, will slowly deteriorate your business. Protect your future with courage and self-belief. Master your fears and always say you can do better. In turn, appreciate what you have accomplished and forgive your mistakes.

The bar, so to speak, is never set. It will be reached and repositioned, but only if you’re pushing professional (and personal!) boundaries. Always defy your limits and keep your passions alive.

Do you feel that you’re ready to get started? Let FranNet connect you with the business you’ve been looking for. Ask us about a free consultation. Our purpose is to connect the dots and make the transition from corporate employment to the freedom of business ownership manageable and safe.

Still Unsure Of The Millennial Generation?

It’s not set in stone, but generally “millennials” are said to be born somewhere between 1982 and the early 2000's. The exact dates may not be consistent, but the words used to describe this young group of individuals are. Millennials are said to be lazy, narcissistic, living with their parents, incapable of following rules, unemployed, unprepared and (here’s a popular one) in debt. These are just a few descriptions that encompass the people entering or participating in the modern workplace. Also, the US Bureau of Labor Statistics predicts that millennials will make up approximately 75% of the workforce by 2030. 

These harsh accusations are how the professional community imagines this generation. It is understandable why some millennials could feel defensive or angry, yet what should trouble them even more is the truth those words carry.

A study by PNC Financial Services Group confirmed millennials carry an average $45,000 in debt. Pew Research Center’s analysis of the 2012 U.S. Census Bureau data shows 36 percent of the nation’s young adults (ages 18 to 30) live with their parent’s. Forbes explained 68 percent of corporate recruiters say it’s difficult for their organizations to manage millennials because they don’t like red tape, arbitrary hierarchical structures, or being forced to follow a specific process. There is no denying the facts and it’s clear why companies feel the need to arm themselves with articles on “how to deal with them.”

In response, here are a few tips about millennials:

·      Keep an open mind. Not every young person to come before you will have the aforementioned qualities. You might find them to be very open to feedback, tech savvy, creative, flexible and ambitious.

·      Come to terms with the fact that millennials are going to move on. Instead of focusing on stopping them, look for ways to optimize the time they spend with your organization.

·      In a recent Deloitte poll, 70 percent of millennials say they'd reject traditional business to work independently. They are more likely than other generations to study majors related to entrepreneurialism, which shows their entrepreneurial spirit.

·      They look for immediate satisfaction and live heavily in the moment. Instead of trying to change this, integrate their energetic and participatory personality into your workplace.

·      They are optimistic, have high expectations and want to forge their own path. Use their drive and perspective to inspire positive company culture for your business.

The worst thing you could do is fear this generation of excited, hopeful young people. It’s fear and a lack of encouragement, challenges, open minds and lowered expectations that enforce the notion that it’s okay for millennials to have this reputation. It’s not okay.

To the millennials I say: prove you’re a hard worker and strive for success. To everyone else: Let them.

Franchising doesn’t have an age barrier. Out of the thousands of franchises to choose from, there is one that is right for you. Call about a free consultation with a qualified and experienced franchise consultant.