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Am I suited to franchising?

As with any new business venture, you need to carefully consider whether you have got the right skills and attitude to run a successful franchise. Analysing your own temperament can also help you decide which type of franchise would be right for you.

Assess yourself

  • You must be prepared to sell. A franchise gives you a business blueprint - but it won't give you customers.
  • You'll need to work hard, probably for long hours. Do you have the necessary stamina?
  • Running your own business can be stressful. Think how you react to pressure.
  • You may be starting up in business because you want to be your own boss. If so, would you be happy with the restrictions imposed by a franchise arrangement?
  • On the other hand, you may want to limit your risk. You might be more comfortable with a franchise than starting a new business from scratch.

The right franchise for you

  • Do you like office work? Or would you prefer a business that involves physical labour?
  • Are you happy working on your own? Or would you be good at recruiting, training and managing employees?
  • Do you like dealing with members of the public? Or would you prefer a franchise where you sell to business customers?
  • Are you weak in particular business skills such as finance? Can you find a franchise that offers the support you need in those areas?

Take a test to find out if franchising is for you on the Whichfranchise website.


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