Vince Chan

Are you ready to step up and make the best use of your leadership skills? Different personalities and risk tolerance levels come into play during this transition. Let me play devil's advocate for a moment. While you argue that the transition from sportsmanship to franchise leadership has many similarities and seems like a perfect fit, there are hidden areas to consider.

Are you ready to step up and make the best use of your leadership skills? Different personalities and risk tolerance levels come into play during this transition. Let me play devil's advocate for a moment. While you argue that the transition from sportsmanship to franchise leadership has many similarities and seems like a perfect fit, there are hidden areas to consider.

In sports world, everything is clear cut and measurable. For example, in swimming, one of my favorite sports. You know who wins the gold medal because it's the person who finishes the fastest. The timing technology is sophisticated and precise, leaving no ambiguity.

In sports world, everything is clear cut and measurable. For example, in swimming, one of my favorite sports. You know who wins the gold medal because it's the person who finishes the fastest. The timing technology is sophisticated and precise, leaving no ambiguity.

In the business world, however, while we have financial goals and key performance indicators, there are many hidden risks and ambiguities, especially when dealing with people, partners, and employees. Athletes are trained in controlled environments. But when they move into less controlled business environments, even within franchising, they face uncertainties.

In the business world, however, while we have financial goals and key performance indicators, there are many hidden risks and ambiguities, especially when dealing with people, partners, and employees. Athletes are trained in controlled environments. But when they move into less controlled business environments, even within franchising, they face uncertainties.

How do you help athletes make this transition? Does it involve mindset shifts, education, or more coaching? What do you think?

How do you help athletes make this transition? Does it involve mindset shifts, education, or more coaching? What do you think?

Yeah, I think this tolerance for failure is very important. It's not something non-athletes are typically trained for. Speaking of non-athletes, this might be a good point for us to step back and look at the bigger picture.

Yeah, I think this tolerance for failure is very important. It's not something non-athletes are typically trained for. Speaking of non-athletes, this might be a good point for us to step back and look at the bigger picture.

Earlier, you mentioned starting your business around the COVID period, when everyone was stuck at home and started developing different perspectives on their careers and lives. Now, we are back to normal, but the world has changed. and still changing with technology and other moving factors. A lot of uncertainties with layoffs, corporate downsizing, inflation, etc.

Earlier, you mentioned starting your business around the COVID period, when everyone was stuck at home and started developing different perspectives on their careers and lives. Now, we are back to normal, but the world has changed. and still changing with technology and other moving factors. A lot of uncertainties with layoffs, corporate downsizing, inflation, etc.

In this kind of environment, you probably get a lot of inquiries from regular people about whether franchising could be the next chapter of their lives. So I have two related questions for you. First, for non-athletes listening who may not have the athletic background, what advice would you give them for making this decision? What factors should they consider?

In this kind of environment, you probably get a lot of inquiries from regular people about whether franchising could be the next chapter of their lives. So I have two related questions for you. First, for non-athletes listening who may not have the athletic background, what advice would you give them for making this decision? What factors should they consider?

Second, given the uncertainties in the economy and other factors, When people want to start a new chapter in their lives, they feel the urge, the pressure to do so quickly, which comes with risks. James, you are a nice, incredible person, but that could be others in your business who are not as trustworthy as you.

Second, given the uncertainties in the economy and other factors, When people want to start a new chapter in their lives, they feel the urge, the pressure to do so quickly, which comes with risks. James, you are a nice, incredible person, but that could be others in your business who are not as trustworthy as you.

So once these regular people decide to move into this new world of franchising, how can they be smarter about figuring out who to work with and what kind of business to get into?

So once these regular people decide to move into this new world of franchising, how can they be smarter about figuring out who to work with and what kind of business to get into?

So, a lot of due diligence is needed, really hands-on due diligence, before jumping into investing a chunk of money. It's not just the financial investment, also the time and hope you're putting into potentially creating something that could be generationally relevant for your children and yourself in the future. Whether you are in your pre-retirement or retirement life, so much sticks on hand.

So, a lot of due diligence is needed, really hands-on due diligence, before jumping into investing a chunk of money. It's not just the financial investment, also the time and hope you're putting into potentially creating something that could be generationally relevant for your children and yourself in the future. Whether you are in your pre-retirement or retirement life, so much sticks on hand.