Prior To Looking At A Franchise Opportunity Ask Yourself These Questions
Before you buy a franchise, even before you start looking for a business you should first understand the type of person you are. Ask yourself some revealing questions. They will help you determine the right franchise opportunity for you.
What are your strengths and weaknesses? Do you have an outgoing personality? Are you good with people? Do you like a desk job or would you prefer being out and about? How do people react to you? Do you make friends easily? Do you get angry easily? What is your boredom threshold?
Once you have answered these questions then it is time to evaluate your finances. How much money do you have? How much money can you raise from family and friends? What is your credit score like? How much money are you prepared to risk on a new business? How much money can you raise through lending institutions?
Now you are ready to proceed to the next step. How many years are you ready to commit to the new business? What do you hope to achieve? Do you have any family members who will be prepared to help out?
The final step is to analyse your living expenses. How...
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