Franchising appeals to many people because of its perceived safety net – a brand, training, marketing and so on. It has been a gateway for many to achieve more than they had hoped in life, through meeting personal challenges, creating wealth, and adding flexibility to a lifestyle. It doesn’t suit everyone however. So how can you tell if franchising is right for you?
Below is a summary of our guide “Is franchising right for me? 20 questions to ask yourself“. Download the full guide.
Ask yourself the following questions:
- Do I have lots of ideas for running a business?
- Do I listen to instructions and then do things my own way?
- Am I good listener?
- Will I be happy following someone else’s system?
- Do I have initiative, energy and drive?
- Am I prepared to share my business results with other franchisees?
- Do I find it easy to take advice?
- Am I a good communicator?
- Will I be happy to invest time and money in networking and attending conferences?
- Am I prepared to treat this as my own business?
- How much do I expect the franchisor to do for me?
- … for the full list click here.
Franchisees aren’t formed from one mould; there’s an extraordinary diversity of talent, experience, personality, ethnic background, age and lifestyle choices in the franchising community.
Above all else there’s a requirement to confirm and comply to the rules and operating systems of the business and the Franchising Code of Conduct and to understand the nature of the commitment.
Find out if you have what it takes and download the full guide.