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Rabu, 01 Desember 2010

Questions to ask before plunging into the franchise business

In the field of franchising, the criteria of age, gender or diploma is not too important but the franchisor franchisee recruiting candidates based on personal qualities and professional. Some reflections to be done before plunging into this field ... because to become a franchisee, you basically have to become chairman of the company!

1. -Am I ready to become business leaders?
- Do I have to meet specifications of the status of the entrepreneur (which is diametrically opposed to employees)?
- Am I ready to take risks and increase my work hours?
- Do I have the charisma and competence to manage an SME?
- Do I have the talent trade (contacts, merketing, merchandising)?
- Am I pretty autonomous?
- Do I have the capacity to manage and mediate a team?

2. -Am I ready to become a franchisee?
- The concept is interesting how I? I'm interested in what products?
- Can I convince the franchisor and the donor funds?
- Am I ready to follow the game frachise / franchises (reproduce the concept, to pay royalties, share experiences, support supervision)?
- Can I give time and invest some money to reflect and try to move forward without stopping?
- Do I dapt pidah move geographically and to unify the life of my franchisees with my personal life?

3. - Does my professional goals?
- Does my professional experience to support this project?
- What are the major changes compared with the experience of previous experience?
- What is my goal as a franchise? Money, professional development, a stage prior to the next stage?
- Am I going to take one unit of an existing franchisee or create my own activity?

4. - How is my financial situation?
- I'm interested in how the franchisor financial demands?
- Can I finance the search period, negotiations and start the activity?
- Do I have sufficient personal funds?
- Am I ready to sell that I have to plunge into the franchise business

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