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FRANCHISING - AN INTERACTIVE SELF-TEST

Franchising is obviously a good choice for many business owners. However, you need to consider several personal issues when deciding whether franchising is the best option for you. The self-test below will help you explore whether buying a franchise is a good personal choice.

Self-Test

The following questions will help you determine how well you might fit into a franchise operation.

Agree Disagree  
I prefer to limit my risk as much as possible.
I am willing to operate the business in exact accordance with the instructions of a franchisor.
I am willing to forgo sales on new ideas and products because of franchisor restrictions.
I am comfortable with sharing my success, including profits, with a franchisor.
I enjoy being part of a well-known organization.
I feel that I need the management experience and assistance that a franchisor can provide.
I need assistance in developing a business plan.
I do not feel comfortable with establishing a business from the ground up.
My experience in marketing is limited, and a franchisor would help overcome this weakness.
The help a franchisor provides in financing might make the difference in my ability to start a business.
I am willing to pay a franchise fee to obtain a proven business operation.
I feel comfortable establishing a long-term relationship with a franchisor.
I am comfortable linking my success with the success of the franchisor.
I enjoy selling products and services created by someone else instead of creating my own.
I am willing to purchase goods and services as directed by the franchisor.



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