FranChoice
 

Franchise Buying Guide

 FAQ
 WHAT IS A FRANCHISE?
 WHY BUY A FRANCHISE?
 KEYS TO SUCCESS
 FRANCHISE BUYING STEPS
 INTERVIEWS
 IN THE NEWS
franchise consultant

Franchise Ownership: A Self Test

 

You may be asking yourself if you have what it takes to be successful as a franchisee. Even if you find a company where everyone else seems to be doing well, how will you know whether it will work for you?

 

 

Success Factors

There are a number of characteristics that virtually all franchisors look for in prospective new franchisees. As you review the following list, give yourself a frank appraisal (from a 1 indicating a weakness - to a 3 indicating a strength) on how strong you are on each aptitude. The better you rate, the greater your aptitude for becoming a successful franchisee.

The Self Test - Part I <<Weak -- Strong>>
Service Oriented 1 2 3
Customer Focused 1 2 3
Goal Setter 1 2 3
Decision Maker 1 2 3
Basic Need to Control and Direct 1 2 3
Thrives on Achieving Results 1 2 3
High Confidence/Self Esteem 1 2 3
Follows Business Procedures 1 2 3
Fits into the Organization 1 2 3
Gets Along Well With Others 1 2 3
Coachable 1 2 3

 

 

Prerequisites

There are also four prerequisites that you must have in order to be successful as a franchisee. Give yourself a frank appraisal on each of these key factors before deciding to proceed.

The Self Test - Part II
Management Experience under 5 yrs 5+ yrs
Net Worth under $100k $100k+
Liquid Capital under $20k $20k+
Time Part-time Full-time

 

 

Your Results

By clicking the "Get Your Assessment" button, your answers will be evaluated and a composite score will be given.

Get Your Results
First Name
Last Name
Email Address
 

Franchise Consulting Request

 
If you would like to speak to a consultant please call

1-877-396-4238


US residents only.