Lately, I’ve had news left, right and centre to share with all of you, from my Prosperity Playbook E-Course modules and packs to my Art of Abundance vlog. Well, today I have one more addition to make things interesting – my husband Kurt and I purchased a Rumble Boxing Franchise, which is set to open Nov. 16, 2023. YES, you heard me right, 2023!
After being avid fans of Rumble Boxing and attending class upon class, we thought we should take on a new adventure, one that involves expanding our skillset & business knowledge and highlights our passion for healthy living. With it being almost a full year since we bought the Aspen franchise and signed the contract, I’m reminiscing on the entire process. For all of you entrepreneurial types, there are some good business nuggets in this blog! Below, I have included my top considerations that you may want to think about if you are thinking of buying a franchise. Take notes. 🙌🏼
1. Understand the WHY behind investing and being involved in the business.
Above all, taking on an endeavor like this should be something that you are passionate about! In our case, it was in the health and wellness sphere. In your case, it might be a new restaurant, coffee shop or fitness studio. Whatever it is, make sure you’re excited about it, because it takes a LOT of work. Trust me, you’ll value this later down the road when you run into hiccups and challenges.
2. Have more money available to you than you think you need.
As we all know, life is expensive, and building a business requires a lot of funds to get things rolling. One of my biggest learnings and tips I could give is to make sure that you have a good-sized sum of money readily available to you. Banks can be “slower than molasses” as they say, and unforeseen costs can come out of nowhere. You don’t want a lack of access to money to be the factor that sets your timeline back.
3. Treat the manual on how to run a business like a gift.
With franchise locations, the parent company will usually provide you with a guidebook or manual on how to operate as a part of the business. It’s a gift, and you should treat it as such! The best part is … you don’t need to figure it out all on your own. This can save you time and money. In my opinion, this is an amazing way to dip your toe into owning a business without all the stress of starting something from scratch.
4. Be comfortable with uncertainty.
In this kind of journey, you won’t have clarity for a while, so it’s good to get comfortable with being uncomfortable. I think that we have clarity now, but it was a long time coming. You learn to make things work with what you’ve got!
5. Community is everything.
Keep your sights on the fact that the community you are building is INCREDIBLE and will be incredible for many years to come. People want to be a part of the passion – they want to work hard and have fun, surrounded by great people.
You can find more news about our official opening date by following my Wealth With Julie Instagram and our Rumble Aspen Instagram. Don’t forget to come by for a session on the bag – we’d love to welcome you in. Until then, best of luck throughout your entrepreneurial journey!
