Scotty Milas is a franchise consultant, coach, and broker. He is the founder of Scott
Milas Franchise Coach and has extensive experience in the franchising industry. With
his expertise, Scotty helps individuals explore and navigate the world of franchise
ownership. He guides and supports finding the right franchise opportunities
based on the client's goals and aspirations.

In this episode, Scotty Milas continues his educational series on franchising. He delves
into the questions that individuals should ask themselves and discuss with a
franchise consultant when considering business ownership.

Scotty emphasizes the importance of thinking like a business owner rather than an employee and highlights the need to define short and long-term goals. He says, "If you;re thinking about investing in
a business that cleans portable toilets, that does not mean that you;re going to be
cleaning the portable toilets. But you have to think as the business owner how you're
going to build the business, how you're going to scale the business."

He also encourages individuals to consider their personal preferences, strengths, and
weaknesses when exploring franchise opportunities. Scotty explains, It's okay to keep
it simple, but it's also okay to think that I want to build this bigger. But again, you have to
understand where you want to be three, four, five years from now."

By understanding their motivations and aspirations, individuals can make informed decisions and find the
right franchise that aligns with their vision.


Key Takeaways:


-Think like a business owner: When considering franchise opportunities, it's
crucial to shift your mindset from that of an employee to that of a business owner.
Focus on how you can build and scale the business rather than getting caught
up in day-to-day tasks.


-Define your short and long-term goals: Consider what you want to achieve in the next three to
five years and whether you aim to build a single unit or scale it into an enterprise.


-Consider work-life balance: Reflect on the type of involvement you want in the
business and what activities you enjoy. You can find fulfillment and enjoyment in your entrepreneurial
journey by aligning your business with your personal interests.


-Know yourself: Reflect on your strengths, weaknesses, and personal
preferences. By understanding yourself, you can find a franchise opportunity that
leverages your strengths and aligns with your interests.

Scotty Milas can be reached at scott@scottmilasfranchisecoach.com and at (860)751-9126.


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 #franchiseopportunities #defineyourgoals #entrepreneurialjourney