Is Franchising Right For Me?
November 25, 2019
Are you considering owning a franchise? There are some things you need to ask and evaluate before jumping into this amazing opportunity. Honestly assessing yourself can help in deciding if franchising is right for you.
Questions to ask yourself (and your family as well): Are you service-oriented? What is your experience and history with running a business? Do you have excellent managerial skills? Are you motivated and organized? Are you personable and a great leader? Do you have support from your family and friends, and can you afford the cost of a franchise?
These are things you need to consider beforehand because when you operate a franchise its success will depend on you. While the business system, training, and operating procedures are provided, you will be solely responsible for its management and overall success. Things to keep in mind include:
- A franchise requires many hours of hard work and commitment.
- Having great people skills is especially important because you will be dealing with a wide range of personalities and situations on a daily basis.
- Cost. Starting a franchise can cost anywhere from a few thousand dollars to millions.
If you have what it takes with people skills, managerial acumen, personal and financial support, and have researched the legal end of owning a franchise, you are well on your way to finding your dream career with Rosati’s today!