TL;DR
Galen Welsch, co-founder of Jibu, discusses his entry into franchising and the role of international emerging markets and social franchising. Welsch shares his experiences and advice, including the importance of having the courage to create and being an action-biased optimist.
International emerging markets will play an increasingly prominent role in how franchising works. In step with this change, social franchising will become less of an outlier concept and more the norm.
I joined the Peace Corps after graduating college. The beliefs I gained there, along with my father's passion to do something, inspired us to co-found Jibu together 5 years ago.
Jibu operates with the belief that every challenge is a gift and an opportunity. Of course not EVERY challenge is a gift, but this is an attitude that we believe fosters innovation and a problem-solving mentality. It means being in the driver seat and being an agent of change, rather than a passive victim of the environment around us.
I've had to learn how to have to have the courage to be an optimist and to be action-biased. So the advice I would have given myself much earlier on would be: have the courage to create. I would have accomplished more if I had been less of a "critic" and more of an action-biased optimist earlier on.
I keep a start up ideas book so that as I see inefficiencies or gaps wherever I go, I have a way of therapeutically building a solution. If I ever find myself at the end of my journey with Jibu, I imagine that I will choose my favorite idea and make that the next focus.
In this story
This story was originally published in 1851 Franchise on December 8, 2017. Burnaze summarizes and links to the original reporting.
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