Finding the right franchise can be a daunting task, however, if you approach it systematically you should easily be able to arrive at a short list of suitable opportunities. It’s a question of matching the skills and type of experience required to run a franchise with what you like doing, and are good at. Usually what you’re good at will tend to be what you’re best at!
In many cases it’s worth remembering that franchising can allow you to work in an industry where you’ve had no previous experience. However, before you look at any specific industry sector, you should consider the way you want to develop your business, for example do want to run a single unit franchise opportunity or do you want to develop an area or a region.
You should then look at your previous achievements and experience, are you good at managing people? Good at selling or are you good at working with your hands creating or fixing things? This will determine the franchise type most suited to you.
Franchisors are very clear in what kind of partners they are looking for – you should also be clear in your mind what franchise opportunities match your needs and skills. It is only now that you can select a suitable industry as some franchisors would be looking for franchisees to carry out their specific tasks like driving or cleaning, whilst others will expect the franchisee to employ and manage the staff to carry out the daily tasks.
Addressing the following areas should help with your research:
What type of experience do you have?
• Identify the skills you have developed over the years in order to ensure the franchise you chose fits your skills and experiences.
• Have you managed staff? Many franchisees are geared to a franchise employing many staff with managed skills.
• Have you been involved in administration? Many franchise systems involve extensive administration work therefore it would be beneficial to have some experience in this area.
What would you like to do?
• Note down your strengths and weaknesses, this will give you a clearer idea of the type of work you would be good at and enjoy doing?
• Do you want to work in a shop?
• Do you want to work in an office?
• Do you want to be mobile, i.e. out and about?
What do you enjoy the most?
• Talking on the phone?
• Motivating people?
• Working with your hands?
• Driving?
How to choose the right franchise for you - To learn more about this author, visit Suzanne Donald's Website.
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Anne Barr
Anne Barr has over 26 years experience in sales and marketing, six years as a franchisee. She has assisted over 367 business owners and purchasers to achieve their goals in career change, transition and exit strategy. She holds the designation of Certified Franchise Executive from the International Franchise Association, Certified Business Intermediary from the International Business Brokers Association and Board Certified Broker from the Texas Association of Business Brokers. Anne is active in professional organizations,
networking groups and volunteers for non-profit entities. As owner/operator of four successful businesses, Anne has proven people skills and enjoys helping clients find the right "fit" in business
ownership. Visit www.FranchiseOpportunitySpecialist.com for more information about me and my company. - Visit Anne Barr's Website |
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