There is varied spectrum of franchises ranging across varied industries available and it’s tricky to know where to start when deciding which will be the right one for you.
After talking to more than 100+ franchisees, we perceived that its very significant for any entrepreneur to do a proper homework before investing in the franchise. What happens when things go wrong, here are some tips for potential franchisees:
1 RECOGNIZE YOUR OWN SKILLFULNESS A practical application for a potential franchisee is to try and work out their skills. This will help them to scale down to the right franchise category they can invest in. It will help the franchisee to clearly choose the business category that more closely matches what you are good at. Is your strength managing a team of outstanding, motivated staff? Or you are good at attending one to one customers? Or do you have a tech related interest? Are you suited to a business that operates indoors or outdoors? Do you actually work for a business that gives you a level of flexibility? It is very significant to answer these questions as it will help you categorize which franchises might suit you.
However, a successful business is one that integrates both: how well you work on the business and how well you work in the business. So prior to deciding on the right one, ask yourself whether you’re well-suited with the idea or not.
この記事は The Franchising World の December 2022 - January 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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この記事は The Franchising World の December 2022 - January 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
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