There are many franchise opportunities in the market and the most common question I get asked is “which is the best franchise business?” My answer usually is “It depends on your personal skills and lifestyle.”
Before deciding on which franchise to buy it is important to evaluate your character. Do not use your own judgement but rather ask family and friends. Ask them to be absolutely brutal in describing your key personality traits. Get them to highlight both your strengths and weaknesses.
Based on the self assessment choose a franchise business that suits your character and abilities. You are unlikely to succeed in a fast food franchise if you like to get out and about and meet new people. On the other hand if you are an introvert you are less likely to succeed as a life coach!
Are you an early morning person or do you prefer working later on in the day? Choose the business that fits in with your lifestyle. Do not purchase a franchise business solely on how much it costs and the profit potential.
Are you good at managing people or do you prefer to work alone? Some franchise opportunities involve employing many staff whist...
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