Terry Powell, founder of The Entrepreneur Source (TES) is committed to helping prospective business owners find the right business. He tells it like it is. In this video featured an Entrepreneur.com.
Terry Powell warns potential business owners to avoid the mistake of believing the franchise business model is going to make you successful. He goes on to say, most franchises have good business models but it requires more than that. The business model must leverage one’s core competencies and facilitate a franchisee achieving his desired goals.
The Entrepreneur Source (TES) is a global Business Coaching and advisory firm with over 230 franchisees. TES coaches have placed 1000’s of people in businesses and franchises – clearly they understand franchising and the franchisee. I agree with Terry Powell’s approach. It’s important that a franchisee be culturally compatible and has complementary skills to the strategic plans of a franchisor.
Zoracle’s SpotOn! Profiling is designed to match franchisees and franchisors to leverage core skill sets and business styles to allow the best possible chance of success.