Franchising Blog: Quiz: Are You Ready to Run Your Own Franchise?

Keep score by answering True or False to each statement.

1. I am prepared to do a variety of tasks—everything from administration to client service—at least until I am able to hire on more employees.
True or False?

2. I often feel taken for granted at my current job. I am a hard worker, but am rarely rewarded for my effort.
True or False?

3. I am an Idea Person. It is natural for me to come up with fresh ideas, though I’d like more opportunities to carry them out.
True or False?

4. It is easy for me to adapt to new situations. Variety in work keeps me excited and engaged.
True or False?

5. Control is important to me. From my schedule to daily duties, I like to be in charge and make decisions.
True or False?

6. My family is supportive of my dreams and I talk all big decisions over with them first.
True or False?

7. I am self-motivated and I don’t tend to procrastinate on tasks that really matter.
True or False?

8. Leadership appeals to me. In many situations, I emerge as a natural leader.
True or False?

9. As a problem solver I am both creative and pragmatic—I think outside the box in a practical way.
True or False?

10. Hard work doesn’t scare me. I am ready for a challenge!
True or False?

Now tally up your score! Give yourself 1 point for every time you answered True.

8-10 points: You are a natural leader and the challenge of running a franchise will let you put your special skills to good use! It’s time to start thinking about what kind of franchise would best suit your interests.

5-7 points: Your high standards make you a valuable employee at any company, but you may be a bit hesitant about operating your own franchise. Remember, franchisees get the benefits of running their own businesses without the high risk of starting from nothing. A little confidence and some more research will be very helpful as you make your decision.

3-5 points: Though you may not be comfortable with all aspects of running a franchise you certainly have some valuable skills. You are most likely quite organised and more or less content with the direction your life has taken. It may not be the perfect time for you to make a drastic change, but you might consider looking for an opportunity that would allow you to make a gradual transition.

0-2 points: Perhaps you are tremendously creative but not very practical, or maybe you are too grounded and intimidated by risks. In any case, there’s a good chance that you have a strong personality with very specific skills. You might consider teaming up with a partner who has a skill-set to complement your own. After all, partners head some of today’s most successful businesses.