Franchise Questions

Franchise Questions

Will you be happy as a franchisee? Can you make the money you need to provide for yourself and your future? Where do you even start, with thousands of franchise opportunities available? These along with many other questions will surface as you begin your quest to find the right franchise business.

Before you even begin searching for franchises, you need to do a comprehensive evaluation of your own strengths and weaknesses. The best way to start is by sitting down, getting out a pad of paper and a pen, and as objectively as possible answer these eight questions:

1. What part of your current and past jobs have you liked doing the most?
2. Are you an animal lover? Auto buff? Artistic? What skills/hobbies do you have that may be applicable to a franchise business?
3. Are you status conscious? Does it matter to you what the product or service of the franchise is or does the business potential matter more?
4. What part of your current and past jobs have you liked doing the least?
5. Do you have experience managing employees? Did you enjoy it, and are you comfortable with recruiting employees?
6. How much capital do you have to invest? Can you afford to do without a regular income during the start up phase of your new business?
7. What are your financial goals?
8. Owning a franchise is all about following someone else's system. Can you picture yourself executing a system you didn't create?

These questions cover a variety of categories, including your strengths, weaknesses, management skills, and your financial situation. Answering the questions listed above, will probably lead to additional questions. If so, write down the questions and your answers. You will also begin to get a clearer picture of your gifts and talents. You may also see what you can bring to a franchise business and what you expect to receive in lieu of your talents/financial investment.

Once you have done an in depth evaluation of yourself, the next step is to start looking at franchise opportunities. Evaluating franchises, based on your answers to the questions, will give you a better understanding of the franchise business that is right for you. It may take some effort to find the right franchise so don't get discouraged and by all means, don't choose a franchise that does not fit your profile.

If you need additional help, The Ultimate Team has information about an alternative to owning a franchise. They are also skilled in search engine optimization. Come to the Ultimate Team site to see if their alternative to a franchise is right for you, or fill out the form below and someone from the Ultimate Team will contact you.

Jeffrey Sloe, Internet Marketing Advisor to The Ultimate Team
440-725-3729
jeff@internetmarketingadvisors.net
http://ultimate.org