Are You The Man For The Job?
When it comes to running your own successful franchise you need to not only assess the franchise opportunity and the franchisor, but you need to assess yourself.
Normally if you were to apply for a job your employer would want to know a whole heap of stuff about you. They will want to see a CV and they will want to interview you ( probably on several occasions). But (and this is a big but) it is very much in the employers interest that they get the right person. If they get it wrong, they could have problems with you doing the job, extra training and perhaps even having to replace you and that all costs money and can damage client relationships. However, you still get your wages to the point they decide to sack you - if things are going really wrong.
So in a typical employee/employer situation the evaluation of your skills and abilities sits with the employer. If they get it wrong, then in the short to medium term they end up counting the cost of this decision and you will probably not suffer too many long lasting effects.
But for a prospective franchisee, you are PAYING money upfront to take this "job". If you are not cut out for the role and the business fails because of that, the person that primarily loses out is you!! The franchisor has your money; admittedly if you continue in business they will also take a percentage and franchise fees from you. But, if you fail they replace you and take someone else's money upfront and perhaps they will work out. You cannot rely on the franchisor to be as careful as an employer would be.
So how can you check you are the right person for this franchising job? You need to ask the right questions of yourself and match your skills and potential with the requirements of running a particular franchise. Our guides tell you how to make this assessment and help make sure you take the "job" that is right for you.
Related Tags: franchise information, buying a franchise, franchise advice, franchise guides, starting a franchise
Written by The Franchise Expert - a team of experienced franchisees based in UK. Visit us now for more great franchise advice. Your Article Search Directory : Find in Articles
Recent articles in this category:
- Ideas For Finding a Nanny Job
Looking after the welfare of children is a very important job. The role of caregivers in the present - What There is to Know About a Temp Agency
A temp agency is a place were skilled office workers can go to get work. There are a number of diffe - Discovering the Many Ways a Temp Agency Can Assist in a Down Economy
When out of money and unable to find work, often times can look hopeless. However, for many who have - Careers That Require Financial Responsibility
Keeping your finances in order is important for any adult, but if you want to work in certain career - What You Need To Know About Resumes And Cover Letters
If the ways of getting employed is composed of steps, the first task would be to come up with an imp - How To Increase Your Chances Of Getting Hired
In trying to get a job, the person that you are going to impress, aside from your would-be boss, wou - Tips on How to Get Hired in a Flash
Unemployment rate all over the world is undeniably huge. But, the bigger problem that professionals - Tips and Techniques on Finding a Job Quickly
There are three ways on how you can get employed at the soonest possible time- that would be, knowin - Securing Your Lifetime Starts Now
If by the time you're 30 and you still don't know what you want to do with your life, it should alre - Occupational Therapy Jobs For a Career in Nursing
Occupational therapy jobs are undertaken by individuals who are willing to engage their skills in he
Most viewed articles in this category:
- Hollow Eyes Are Not Dark Circles Under The Eyes
Many people of all ages complain of dark circles under their eyes. The phrase "dark circles under th - Career As A Hairstylist
Hairdressing is an art that involves arranging hair for aesthetic purposes, participation in formal - Life After West Point Military School
West Point exists to educate and train Cadets who are commissioned as Officers in the US Army upon G - Work Experience In Fashion - How To Get A Great Opportunity In Fashion Work
Work experience in fashion can be one of the most challenging positions to find. It's a simple equa - Tips for Job Hunting in Today's Market
In order to be competitive in today's job market, you must stand apart from the competition. Just h - Who are the EMTs
You'll find them at Denny's. At least I always do. Denny's, Coco's, Perkin's; any all-night restaura - Hiring A New Assistant?
More and more small businesses and even larger companies are turning to virtual office assista - You Too Can Start an Independent Record Label
It's no big secret, the trick of how to start a record label definitely involves some cash and most - Increased Salary with a Medical Degree: Consider the Options
Physicians are probably one of the highest paid professionals in the world. They make a lot of money - 5 Steps to Becoming a Virtual Assistant
Here are 5 steps that I went through in becoming a virtual assistant. These aren’t official by
