Being your own boss is a common fantasy. Yet “fear of the unknown” keeps many prospective business owners from taking the plunge, according to Ron Norton, a Redmond resident and business coach for The Entrepreneur’s Source, a Connecticut-based company with the motto “Your success is our only business.”
“Some people look not so much at why they should start their own business, but why they shouldn’t,” said Norton. Of the 70 to 75 percent of people who express the interest, roughly five percent follow through, he added.
The challenge of “doing it all on your own” can be daunting, as well as the belief that if things go wrong, you’ve got no one to blame except yourself.
According to Norton, younger adults, specifically recent college graduates, are frequently the most eager to grow their own business instead of working for someone else.
“Young business owners are at an early stage in life where they can take that chance without worrying about other financial responsibilities such as a mortgage, a spouse and children,” he pointed out. “And they want to control their own destiny.”
They’ve seen people of their parents’ generation either frustrated by a series of layoffs or feeling burned-out in a career that no longer excites them. Whereas their parents expected to spend their whole lives in a certain occupation, the people of Generation Y (18-to-24 year-olds) see themselves holding many types of jobs throughout the future.
Norton said that his specialty is guiding people—of any age–into the world of franchising. Read full article.
Photo: Katherine Ganter / Redmond Reporter.
Entrepreneur’s Source Could Help You Be Your Own Boss
July 17, 2008 by Cris | 0 Comments
In Basic Guidelines, Law & Agreements, Franchises, Startup
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