AllBusiness.com
    • Starting a Business
    • Career
    • Sales & Marketing
    • AI
    • Finance & Fundraising
    • M & A
    • Tech
    • Business Resources
    • Business Directory
    1. Home»
    2. Getting Started»
    3. Too Good To Be True»

    Too Good To Be True

    Terry Powell
    FranchisingLegacy

    Welcome to Emotional Detour #4, “Too good to be true.”

     

    There can be a lot of emotions to manage even when you take a healthy, methodical approach to finding a new business.  And I know I’ve said this before – but as you begin to do your research on finding that perfect business, it’s important to start your homework on yourself. You can actually save time by knowing who you are and what you want out of life first. We call it the “inside out” approach.

    So now you’ve spent the time to identify your goals, needs, expectations, and even your transferable skills. With all of that in mind you start exploring options. You’ve been able to eliminate quite a few early on because of the homework you did up front. Now here you are, looking at something that seems like a perfect fit, or near perfect fit. The problem is it didn’t take that long to find. You haven’t been at this for months and months. You haven’t REALLY paid your dues yet! This can’t be the right thing. It’s obviously too good to be true.

    Congratulations, you’re still human. It’s pretty common to think that anything worthwhile takes a long time and a tremendous effort. Is that really true? Remember the time you spent looking at yourself first? Be open to the possibility that you actually did a good job which moved you closer to the right fit much faster.

    Here are a few questions for you to ponder that may help you going forward:

    1.      Do you really understand what it takes to be successful in the business?

     

    2.      Do have a strong sense of what you’ll be doing on a day to day basis?

     

    3.      Do those things match your skill set or are you willing to learn how to do them?

     

    If you’re truly finished gathering information on the business model, you’ll want to ask yourself these and several other questions, but here is another question to consider:

    “If you removed emotion from the decision-making process and focused solely on the data you’ve gathered, what do you see as your next step?”

    I know that sounds easier than it probably is, but try it anyway. If you can stand back from the emotion and just concentrate on your research, you’ll find the end result much easier.

     

    Go for it!

     

     

    Hot Stories

    Microfranchise in the form of a food truck

    5 Reasons to Consider a Microfranchise

    Entrepreneur holding franchise

    The Complete Guide to Franchises

    Profile: Terry Powell

    Terry's life has been dedicated to the advancement of entrepreneurship. He started The Entrepreneur's Source in the mid 1980's to provide support and guidance to people seeking to make their business ownership dreams come true.

    BizBuySell
    logo
    AllBusiness.com is a premier business website dedicated to providing entrepreneurs, business owners, and business professionals with articles, insights, actionable advice,
    and cutting-edge guides and resources. Covering a wide range of topics, from starting a business, fundraising, sales and marketing, and leadership, to emerging AI
    technologies and industry trends, AllBusiness.com empowers professionals with the knowledge they need to succeed.
    About UsContact UsExpert AuthorsGuest PostEmail NewsletterAdvertiseCookiesIntellectual PropertyTerms of UsePrivacy Policy
    Copyright © AliBusiness.com All Rights Reserved.
    logo
    • Experts
      • Latest Expert Articles
      • Expert Bios
      • Become an Expert
      • Become a Contributor
    • Starting a Business
      • Home-Based Business
      • Online Business
      • Franchising
      • Buying a Business
      • Selling a Business
      • Starting a Business
    • AI
    • Sales & Marketing
      • Advertising, Marketing & PR
      • Customer Service
      • E-Commerce
      • Pricing and Merchandising
      • Sales
      • Content Marketing
      • Search Engine Marketing
      • Search Engine Optimization
      • Social Media
    • Finance & Fundraising
      • Angel and Venture Funding
      • Accounting and Budgeting
      • Business Planning
      • Financing & Credit
      • Insurance & Risk Management
      • Legal
      • Taxes
      • Personal Finance
    • Technology
      • Apps
      • Cloud Computing
      • Hardware
      • Internet
      • Mobile
      • Security
      • Software
      • SOHO & Home Businesses
      • Office Technology
    • Career
      • Company Culture
      • Compensation & Benefits
      • Employee Evaluations
      • Health & Safety
      • Hiring & Firing
      • Women in Business
      • Outsourcing
      • Your Career
      • Operations
      • Mergers and Acquisitions
    • Operations
    • Mergers & Acquisitions
    • Business Resources
      • AI Dictionary
      • Forms and Agreements
      • Guides
      • Company Profiles
        • Business Directory
        • Create a Profile
        • Sample Profile
      • Business Terms Dictionary
      • Personal Finance Dictionary
      • Slideshows
      • Entrepreneur Profiles
      • Product Reviews
      • Video
    • About Us
      • Create Company Profile
      • Advertise
      • Email Newsletter
      • Contact Us
      • About Us
      • Terms of Use
      • Contribute Content
      • Intellectual Property
      • Privacy
      • Cookies