This week’s study was on the subject of franchising. It
covered the pros and cons of purchasing a franchise. It was fun to research the
different franchises available in my area. I decided Terry would probably be
really happy in owning an ACE Hardware. It’s a great company with a wonderful
training and support system set up for franchisees. I watched a video of a
couple that purchased a franchise. I loved how they customized their ACE to fit
their tastes and the needs of their community. They even built an entire
kitchen in their store where cooking classes were taught. They had a great
display of dishes and cookware. I’ve never seen an ACE like it. It makes me
excited to see the prospects of how you can put your personality into your own
business even though it is a franchise. Of course, not all franchises are that
lenient. I think that’s what I really appreciated about ACE. They want each
store to have that home town community feeling about it.
We also studied several article on Steve Jobs. What an amazing
man! I love how he celebrates the “crazy ones”. He says in order to succeed at
changing the world you’d have to be crazy. He also says you have to be passionate
about what you do. If you’re not passionate about what you do, you will never
be able to endure the hard times that inevitably come with starting a business.
I haven’t had a chance to finish up the paperwork on my $100
Challenge. I was hoping to get that done this week, but it looks like I’ll be
doing it in the next few days instead.
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