I decided to write this franchise blog post because of Entrepreneur® magazine.
It’s all their fault.
From the August edition of Entrepreneur® magazine;
“Joel Libava has had the “franchise quiz” on his website for several years. It’s not particularly scientific or high-tech–Libava hand-scores each quiz himself. But after two decades in the franchise world, the Cleveland native believes he has come up with the right questions to ask anyone considering becoming a franchisee. The quiz isn’t there to tell you whether you should buy a pizza restaurant or an oil-and-lube franchise. It’s there to determine if you should buy a franchise at all.”
Read the rest of the magazine article on the top traits of successful franchise owners, and then pop back.
I Have Feelings
So, Jason Daley, (the reporter who interviewed me for the story) doesn’t think too much of my technical ability…
Work With The Franchise King®
I’m fine with that, even though my feelings were hurt. But, just because I refuse to use some type of fancy-schmancy software to help a lot of real nervous people figure out if franchise ownership is really for them….
Here’s what I’m saying; the decision to become the owner of a franchise business-any business, is a big one. In my opinion, it’s way too big to use some type of formula…an algorithm-to help determine if someone is right for franchising…I’m just not comfortable automating something that can affect one’s life in such a huge way. (People can lose a lot of money if they’re not right for franchising.)
I Do It The Old-Fashioned Way
Every time a potential franchise owner goes to my Take The Franchise Quiz website, and takes the quiz…I score it by hand. I don’t plug the answers into some type of software tool. I go through every question, and base my score on how they’re answered. (Or, in some cases, how they’re not answered.)
I put together my free franchise quiz around 5 years ago to assist people that are trying to figure out if they should even be looking at franchises. That’s because, one needs to have a certain type of personality to be a successful franchise business owner. And, I definitely don’t posses it. If you are thinking of becoming the owner of a franchise, don’t be like me.
Is A Carpal Tunnel Repair Franchise Needed?
The article in Entrepreneur® magazine that I referred to above, which is now available online, links to my franchise quiz.
And, it’s hurting my wrist.
That’s because the Entrepreneur.com website gets a lot of web traffic, and some of it is going to my quiz. Which people are filling out.
As a matter of fact, just the other day, I had 38 quizzes staring at me, ready to be scored.
I’m not complaining.
I just wish that I had some fancy-schmancy software to score them.
And, I’m not going to link to my quiz here.
My wrist hurts.