Let me paint a hypothetical (or perhaps very real) picture for you. You’re sick of your job. You hate clocking in at the office, doing the same thing every day, going home, and then repeating the cycle ad nauseam.
You desperately want to do something different. Someone mentions the possibility of owning a franchise. Wow, that sounds really cool, you think. Maybe this is the solution you’ve been looking for.
And it’s true: owning a franchise is really cool. It can be a great way to take your career in a new, powerful direction.
But you shouldn’t go into it blindly. Owning a franchise isn’t for everyone. And there are great franchises and terrible ones.
How can you know if you should purchase a franchise?
Ask these questions.
Do You Have The Right Personality For A Franchise?
Owning a franchise is perfect for the person who wants to be totally immersed in their work, thrives on a challenge and loves to pour themselves into a big, meaningful project. Yes, it takes a lot of work, and you have to deal with occasionally difficult employees, but it’s so rewarding. Granted, if you’re the kind of person who loves working in a bland cubicle, coming home and crashing on the couch, and then mindlessly watching a reality tv show, maybe you shouldn’t own a franchise. But if you’re a passionate person who loves to conquer new things, this is right up your alley.
Franchises are also perfect for the person who enjoys a routine and seeing the same thing done perfectly again and again. They’re a great fit for that man or woman who likes perfecting processes until they produce the same results every time. Franchises thrive on sameness and maintaining the same feel, quality, and standards across every location.
Many people find this limitation to be freeing. They only want to focus on the work, not trying to figure out every minute detail, such as what color scheme they should use.
Before you purchase a franchise, take some time to assess your personality. Are you the right fit for a franchise? The last thing you want to do is spend a lot of money only to find out that you aren’t cut out for the job.
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