Is Franchise Ownership Right For You?
Find Out If You’re Franchise Material By Taking My Free Franchise Quiz!
(I authored it and designed it myself)
If you live in North America, and you’re thinking about becoming the owner of a franchise, the first thing you need do is find out if you would make a good candidate for a franchise-type business.
Important: When you buy a franchise, you’re buying someone else’s business system. Their franchise concept is their “baby.”
In a franchise system, you are required to follow the franchisor’s rules…and use their business systems. That includes their very detailed operations manual. Their franchise operations manual was written to keep things consistent throughout the system. In addition, they already have a specific marketing plan in place. They have pre-set advertising templates for you to use-you cannot generally use your own ads without their permission. There are other specific things that you’ll be required to do as a franchise owner; they’re all designed to keep the franchise uniform, both operationally, and in the consumer’s eyes.
Take The Franchise Quiz
You need to take my franchise quiz.
I created the quiz for people who are interested in becoming franchise owners who want to make sure they are right for franchising.
Franchise Ownership Is Not For Everyone.
Take The Franchise Quiz: Find out if owning a franchise is right for you.
Disclosure: My Franchise Quiz is not scientific. The questions I’ve come up with are meant to get you thinking. They’re meant to help you determine if the franchise business model…which is a very rigid one, is a good match for you.
Tip: Before you buy a franchise, I always recommend working with experienced franchise professionals, including Franchise Advisors, Franchise Attorneys, and CPA’s.
Figure on spending around 10 minutes on the quiz.
Franchise Quiz Scoring
I score each and every fully-completed quiz I receive from North American residents by hand. In other words, I don’t run your answers through some type of automated thing-a-ma-bob in order to get your score.
That’s why I can’t score quizzes from overseas or from .edu email domains. It’s nothing personal; it’s because of time-constraints.
So, go ahead: