Which Franchise Should I Buy?

The question of which franchise should you buy is definitely a personal one. Only you know what you do and don’t like to do, what you are good at, and what you will honestly admit that you absolutely stink at. However, by answering the questions below, and of course, any others you may think of, you can get a picture of exactly which franchise you should buy and which ones you shouldn’t even consider.

• What do you like to do? What do you think you would like to do?

When you patronize an establishment, do you find yourself thinking, “If this was my business, I’d…(fill in the blanks).”If so, you might want to conduct your own research into franchises dealing with that particular business, and what exactly is involved in owning one.
Remember, however, that when you into any business as a patron or customer, you are not seeing very much of the behind-the-scenes operation. There is inventory control, State and Municipal rules, regulations, and guidelines to be followed, and other things that come with running a business.

• How “hands-on” do you want to be?

Do you want to be the one behind the counter, or do you want someone else greeting and assisting customers? Some franchises require that the owner be just as involved as other employees, while others allow the owner more flexibility in delegating tasks and responsibilities.

• Why do you want to buy a franchise?

Has it always been your dream to work in a particular field, and you find yourself in a position, financial and otherwise, to fulfill that dream? If so, buying a franchise in the area where you have always wanted to work can help you realize that dream.

• What are some of the advantages to starting your own business?

When you are a franchise business owner, you are literally your own boss, at least in your particular branch. You may have to answer to an area or district manager, but you still own your little piece of the enterprise, and it’s yours to run as you please, as long as you follow the master franchise rules and regulations.

If the franchise is a success, you never have to worry about being out of work again. As long as your branch is in business, you have a job to go to every day, which will get you out of the house and into the business world.

Consider leaning upon the expert advice of a franchise consultant, many have found the answer to the “Which Franchise Should I Buy?” question by working with one of many franchise consultants.