Buying into a franchise can be daunting. Here are some traits of successful franchisees.
Self-starter: The old saying about being a go-getter applies to the franchising world. You have to be willing to abandon the notion of 9-5 and be prepared to dig in to every aspect of the business.
Background: Operations, marketing, sales and former military employees make strong franchise partners. Able to work independently in a structured environment and adhere to the standards of the brand.
Consistency: Brand standards and consistency in operations foster a strong franchise system.
Passion: Passion should come from both sides of the equation, expect management to bring passion to the table.
Honesty: As partners in business, transparency from “head office” is highly regarded.
Support: A culture of support gives franchisees the confidence to do their job and help grow the network.
Innovation: Businesses and consumers are ever evolving, a strong franchise must recognize key trends and be willing to change or course correct.
Take the franchise quiz
Created by Joel Llbava aka “The Franchise King” of Cleveland, Joel believes he has come up with the right questions to ask anyone considering becoming a franchisee. The quiz isn’t there to tell you whether you should buy a pizza restaurant or an oil-and-lube franchise. It’s there to determine if you should buy a franchise at all.
