Thursday, 2 August 2012

A Franchise Evaluation Checklist - Yourself

Yourself

1. Are you qualified to operate a franchise successfully? Do you have adequate drive, skills, experience, education, patience, and financial capacity? Are you prepared to work hard?

I positive think that I am qualified to operate a franchise successfully.

Adequate drive – checked,

Experience – checked (I’m good in follow rules),

Education – checked (I’m in tertiary education now. It should be enough to handle),

Patience – checked,

Financial capacity – checked but low, unable to open.

When I put my money into it, I will work hard.

2. Are you willing to sacrifice some autonomy in operating a business to own a franchise?

Yes.

3. Can you tolerate the financial risk? Would business failure wipe you out financially?

Everything has risk, so I can tolerate the financial risk. I think business failure will wipe me out financially but I still have time to start over.

4. Can you juggle multiple tasks simultaneously and prioritize various projects so that you can accomplish those that are most important?


Yes, I can but not in long term.

5. Are you genuinely interested in the product or service you will be selling? Do you enjoy this kind of business? Do you like to sell?


The answer obviously will be yes. I think you have to enjoy in when you already get into it. Yes, I like to sell.

6. Do you enjoy working with and managing people? Are you a “team player”?

In school, of cause not, but outside people it is yes. Yes, I am team player but more to leader type that lead other player, if others is better or their idea is better than me, then I will give them the chance to grow.

8. Will the business generate enough profit to suit you?
Profits will never enough.

9. Has the franchiser investigated your background thoroughly enough to decide if you are qualified to operate the franchise?

Yes.

10. What can this franchiser do for you that you cannot do for yourself?

I think it is the repair for machine.

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