In this episode, Matt and Rick discuss how to set the right expectations for entrepreneurship. Enjoy! → Learn more at → http://bit.ly/alloy_franchise
With our franchising business gathering pace and lots of people from different backgrounds coming in, we thought we could set out the expectations that an entrepreneur should have when getting into business.
There is no better person to do this than Rick, having been in entrepreneurship for more than 30 years.
Rick admits that he didn’t have the right lens for his fitness business initially. He just happened to be at the right place at the right time. It took a hiccup to realize that he needed systems in place and working on the business.
This was the birth of the licensing and franchising business.
Listen as Rick helps us set the right expectations that an entrepreneur and Alloy franchisees should have when entering the fitness business.
Key Takeaways
- Having the right lenses on your business (04:12)
- How to respond to mistakes (07:17)
- Slow to hire, quick to fire (10:37)
- Level of engagement for an absentee owner (16:38)
- All hands on deck (19:53)
- Entrepreneurship is amazing but not easy (23:56)
Additional Resources:
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