Franchise opportunities do your research
Are you serious about the franchise business opportunity?
Do you fit the franchisors franchisee job description/profile?
Have you examined other similar franchise business opportunities to build up a good picture of this particular franchise model?
Have you thoroughly researched this type of business to gain a good understanding about it?
Have you researched the area that you would wish to run a franchise business from to find out what competition already exists there?
Do you have any experience that may be of benefit to you within this field of business?
Are you cut out for this type of business?
How adaptable are you to learning?
Is your existing lifestyle suitable for you to able to run the franchise business properly?
Do you have the support of your family?
Do you have the self motivation required to succeed with your new franchise business?
Can you afford the franchise?
Could you financially survive for the first few months while the business got itself established?
Before travelling many miles for an initial meeting with a franchisor to discuss a franchise business opportunity it is important that the prospective franchisee should be able to answer the following important questions.
All these questions can be answered through doing a little research and I would strongly recommend doing so before arranging an initial meeting with the franchise business owner. You may unfortunately find out that the particular franchise that you were interested in would be unsuitable for you.
This could save you valuable time in not having to travel many miles to meet up with the franchisor only to be turned away due to your unsuitability.
Can you think of any others important issues that a potential franchisee should research?
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Robin Harrison is the managing Director of Dolly Char (UK) Ltd. Dolly Char (UK) Ltd is one of the fastest growing domestic cleaning franchise companies in the UK today giving people the opportunity to work from the comfort of their own home.
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