Thursday, August 2, 2012

Franchise Evaluation Checklist A


1.      Are your qualified to operate a franchise successfully? Do you have adequate drive, skills, experience, education, patience, and financial capacity? Are you prepared to work hard?
A:  I’m a success hunger, so I believe that I will able to drive my own business. If one wanted to have great success, he will do hard to gain skills and experiences. What the problem faced is financial capacity which I lack of.
2.      Are you willing to sacrifice some autonomy in operating a business to own a franchise?
A: No success gained from no scarification. Yes I will
3.      Can you tolerate the financial risk? Would business failure wipe you out financially?
A: If business cannot make money, then it considered fail. Once I meet financial risk, I will try other possible way to reduce the risk
4.      Can you juggle multiple task simultaneously and prioritize various projects so that you can accomplish those that are most important?
A: With in college experiences, I say yes I can handle multiple task.
5.      Are you genuinely interested in the product or service you will be selling? Do you enjoy this kind of business? Do you like to sell?
A: I love children, so that I can enjoy the education business. I don’t like selling but I like to educate children
6.      Do you enjoy working with and managing people? Are you a “team player”?
A: I often joined activities which organised by various organizations and sometime  I participate in organize activities. I believe I’m a “team player”
7.       Will the business generate enough profit to suit you?
A: So far it is enough.  
8.      Has the franchiser investigated your background thoroughly enough to decide if you are qualified to operate the franchise?
A.     Yes, they did asked me
9.      What can this franchiser do for you that you cannot do for yourself?
A: Product Training, Business Training and Development, Product provided, Standard advertising.

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