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Franchising with SafeSplash

The Entrepreneur's Gut Check - Passion

4/9/16 8:03 AM

Every entrepreneur faces the decision.  The moment of commitment to a new venture.  We strategize, research, analyze the data, interview experts, interview peers, study competition, study alternatives, build sensitivity analysis, build a scenario analysis, develop probability weighted outcomes, etc.  The list of research and analysis goes on seemingly forever…1-entrepeneur.jpg

But at some point in time, every single entrepreneur faces the go/no-go decision.  The point at which they commit to a course to invest their resources and get going.  At this point, no one knows what the outcome of the decision will be.  We’ve done our best at predicting the future based on our research and analysis prior to the decision, but the truth is no one can predict the result.

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Entrepreneurs, Mavericks, Freedom, and Risk

3/17/16 10:42 PM

It is a lot of fun to be an entrepreneur.  It is incredibly rewarding.  It is exciting.  It is a chance to chart your own course.  It is an opportunity to build a legacy for and your family.  It is a personal challenge.  It is an opportunity to create real wealth.  It is a learning opportunity.

But from my perspective, the best thing about being an entrepreneur is freedom, one of the most innate sources of satisfaction that we have as humans.

I was talking to one of our franchisees last night over dinner.  He is both a franchisee of SafeSplash and a franchisee of a trampoline concept.  Prior to becoming a franchisee, he was deeply involved with corporate strategy at Intel (the technology company).  He is an incredibly smart and accomplished guy…someone I have a lot of respect for.  Growing up in the high tech industry myself, we got talking about career choices and what we both thought about leaving high paying careers in technology to become entrepreneurs.  I asked him if he’s happy with his choice to leave the “corporate” world.  His response was, “Matt, I’ll never go back to that.  I can’t.  The freedom and fulfillment I have as an entrepreneur/franchisee and is incomparable.  Even if they begged me to come back, I don’t think I could.  I’d choke.”  I couldn’t agree more.

That said, there are many different ways to become an entrepreneur, but to me, the choices can be characterized by one’s tolerance for risk and the concept of buying vs. building.

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