What Makes a Great Entrepreneur?

What Makes a Great Entrepreneur?

To become a successful entrepreneur, you need a lot more than just a desire to run your own business. It takes a certain kind of drive, ambition, and mindset to truly become a successful business owner. But fortunately, the idea that “some people are just born with it” couldn’t be further from the truth. If you’re willing to put in the work, you too can reach your dreams of business ownership and professional freedom.

Traits of Successful Entrepreneurs

After working for more than 40 years with entrepreneurs of all ages and backgrounds, we’ve learned that successful owners are:

  • Passionate. There’s no denying that financial security is important, but more and more studies are showing that when it comes to a person’s happiness, a purposeful job is more important than a high paying one.
  • Self-motivated. As the owner of your business, there’s no one above you telling you what to do and by when. And while that may seem like a blessing to some, it means you’re responsible for setting aside time to work and creating deadlines.
  • Decisive. While you should always consult with your employees, other franchise owners, and any partners you may have, you’re the final decision maker as the owner. Products won’t be ordered, employees won’t be hired, and classes won’t be scheduled until you give the a-okay, so it’s important that you can make and stick to a decision.
  • Risk takers. Calculated risk takers, that is. The decision to leave your existing job and invest in a business is a risk, but it’s one that could pay off big in the end. What’s one way you can substantially reduce your risk, you asked? By joining an international franchise! As an international franchise, The Little Gym has a proven business model and name recognition — two things that are invaluable to a new business.
  • Charitable. By investing in your community, you give back to those who have supported your business. Here at The Little Gym, we’re proud to promote kindness with our Big Hearts Program. Each location is responsible for giving back to their local communities by participating in events that raise money and awareness for a local charity, food and clothing drives, volunteer efforts, and so much more.

Women in Franchising

The number of women in franchising couldn’t be more positive — year over year, we’ve seen a nationwide trend of more women in franchise businesses. But where women truly thrive is in the child care business. The child service industry has the highest percentage of female-owned businesses at 51%, beating out travel and hospitality (50%), retail (43%), fitness (39%), and sports and recreation (36%).

The years of working strict 9-5 work days are long over, and for good reason. Workplace flexibility has evolved from a nice perk to a necessity for many people — especially women with families.

When our franchisees first open their location, they’re onsite every day greeting customers, training staff, teaching classes, and managing inventory. But as time passes and your employees become more secure in their rolls, locations become relatively self-sufficient, leaving our entrepreneurs more time to spend with family or consider other business ventures.

Why Moms Make Great Entrepreneurs

Not only are there more women in franchising and business than ever before, but the number of mothers is also steadily increasing.

Spend just one day with a little one and you’ll realize that running a business and running a household have a lot in common. As a mom, you have to wear a lot of different hats, prioritize your time wisely, keep track of a hectic and always changing schedule, and be an expert multi-tasker — all skills you’ll find in top-earning business owners and CEOs.

If you want to know more about our children’s gym franchise opportunity, check out our Steps to Ownership page to learn about our process.