Is Franchising Right For You? Ask Yourself These 9 Questions to Find Out.

How can you tell if franchising is right for you? There’s no surefire way, but some introspection is in order. Take a look at the questions below, and give some serious thought to the answers.

1. Is your family firmly behind you in your decision? Do you have adequate support mechanisms in place?
2. Are you willing to follow someone else’s system, even if you do not agree with some of the decisions being made?
3. Are you willing to sacrifice in the short run to achieve your goals in the long run?
4. Are you willing to work long hours if need be, especially at first?
5. Do you thrive under pressure?
6. Are you willing to share your results and your experiences with the franchisor?
7. Do you have the necessary skills to run a business? Sales skills? People/leadership skills? Financial skills?
8. Are you an optimist? How quickly do you bounce back from setbacks?
9. Do you have the fire in the belly every business owner needs?

If you answered “yes” to most of them, you’re on the right track.