Would you make a good franchisee? This article seeks to help the potential franchisee identify their suitability working for themselves via a franchise or indeed a small business.
An acronym I like to use in business is Riyot (REPENT IN YOUR OWN TIME), ie enter in to the wrong franchise or business in haste and it could end up being a costly and long lasting mistake.
Written by an experienced franchisee with over 25 years experience, this is an impartial and candid point of view. Please read through the points below and try and evaluate yourself honestly – it could just save you thousands of pounds and some sleepless nights.
With any franchise business there is a great deal to consider, one thing many people fail to consider is themselves!
1)You need to have a strong desire to work for yourself think about why this is and what it is you think working for yourself would give you that regular employment doesnt (and vice versa). Also think about this in terms of the potential impact on family and friends eg long hours, financial commitment and pressure, no sick pay, no paid holidays etc
2)Have a strong interest in the business you are...
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