Entrepreneurism involves credible risk in exchange for the possibility of reward. Far too often, businesses fail because the person who decides to go into business hasn’t run their checks and balances or done their homework. Being an entrepreneur isn't easy. The beauty of a day like this is that it celebrates those that have taken the risk—financial, emotional and professional—and continue to take the risk, for their lives and for the lives of their families.

I think it’s important for franchisees to understand that franchising is not for entrepreneurs—it’s for someone who is entrepreneurial. When you buy into a franchise brand, you buy into a proven system and then have the opportunity to be entrepreneurial within it. It’s not your job to change the vision of the brand, but it is your job to contribute your voice as you work together with leadership to build a business that is sustainable and scalable.

Therefore, a day like this is also a great celebration of those who are entrepreneurial—those who have committed to following the system into which they’ve invested their life savings in pursuit of their goals. Both parties had the courage to take a risk in the hope of winning. Do you?

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Nick Powills

About the Author

Nick Powills

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Nick Powills, CFE, founded No Limit Agency in 2008 and serves as Chief Brand Strategist for the Chicago-based firm. No Limit is a full-service communications agency that establishes and elevates brands by bridging Public Relations, Social Media, Marketing, Advertising, Digital, and a lot of creativity, to best strategize well-rounded and successful campaigns for 50+ global franchise brands. By presenting visionary ideas and building real relationships, No Limit is able to create effective media branding strategies to help companies grow. Nick currently leads a staff of writers, media strategists, designers, social media experts and digital producers in an office think-tank where brands are humanized for strong, compelling media stories. Prior to starting No Limit at the age of 27, Nick spent four years working at a franchise PR agency where he mastered the art of building rapport with media outlets and creating newsworthy pitches for earned media placements. He holds a Bachelor of Journalism from Drake University in Iowa.