If you live in the United States or Canada, and you're thinking about investing in a franchise of your own, the first thing you should do is find out if you would make a good candidate for a franchise business. Remember, when you buy a franchise, you're purchasing someone elses's business model.
This franchise concept is their "baby."
In a franchise system, you are required to follow their rules...use their business systems-including detailed operations manuals that were written to keep things consistent throughout the system. They already have a specific marketing plan in place. They will have pre-set advertising templates for you to use-you cannot use your own without their permission. There are other specific things that you will be required to do as a franchisee, all designed to keep the franchise uniform, both operationally, and in the consumer's eyes.
This 10 minute franchise quiz may help you figure out if franchise ownership could be right for you.
When you're finished, franchise expert Joel Libava, will score it and email you the results. Although not scientific in it's design, the results will give you some food for thought. Maybe a franchise business of your own is right for you. Maybe it isn't. Take this FREE QUIZ, and use the results to make a decision to keep exploring the franchise business model, or not....
This Quiz is For People Living in The US and Canada Only