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| Before Selecting A Franchise System https://sabusinesshub.co.za/webforum/viewtopic.php?f=7&t=410 |
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| Author: | baconmarius [ Wed Mar 17, 2010 10:41 am ] |
| Post subject: | Before Selecting A Franchise System |
Before investing in a particular franchise system, carefully consider how much money you have to invest, your abilities, and your goals. The following checklist may help you make your decision. Your Investment * How much money do you have to invest? * How much money can you afford to lose? * Will you purchase the franchise by yourself or with partners? * Will you need financing and, if so, where can you obtain it? * Do you have a favorable credit rating? * Do you have savings or additional income to live on while starting your franchise? Your Abilities * Does the franchise require technical experience or relevant education, such as auto repair, home and office decorating, or tax preparation? * What skills do you have? Do you have computer, bookkeeping, or other technical skills? * What specialized knowledge or talents can you bring to a business? * Have you ever owned or managed a business? Your Goals * What are your goals? * Do you require a specific level of annual income? * Are you interested in pursuing a particular field? * Are you interested in retail sales or performing a service? * How many hours are you willing to work? * Do you want to operate the business yourself or hire a manager? * Will franchise ownership be your primary source of income or will it supplement your current income? * Would you be happy operating the business for the next 20 years? * Would you like to own several outlets or only one? |
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| Author: | sparkle [ Mon Mar 22, 2010 3:31 pm ] |
| Post subject: | Re: Before Selecting A Franchise System |
Put it this way, the thing with the franchises is like gambling. |
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