Owning a franchise business requires certain skills and personality traits that not everyone possesses. On this website alone, you’ll find discussion about this idea in many places, and not just from us. The franchise brands we interview and work with frequently say the same thing: a combination of leadership skills and the ability to take instruction and follow a prescribed system, while not the only factor, is crucial to any franchisee’s success.
“Follow the systems, work smart on business development, and be a good listener,” said Jef Flournoy, the Vice President of Sales for ASP – America’s Swimming Pool Company. Our own CEO, Eric Stites, cites “not following the program” as one of three main reasons franchisees fail.
So, as you hear more and more about the qualities that make some prospective entrepreneurs more likely to succeed as franchisees, you’ll need to begin assessing yourself. The quiz above gives you a jump start — 12 simple questions that aim to identify the aspects of your personality that make you a strong candidate for franchise ownership or, perhaps, someone whose skill set is a better fit for other types of employment or entrepreneurship.
If your quiz results indicate a future for you in franchising (or if they don’t but you still want to explore your options), Franchise Business Review has a wealth of resources available to you to help you through the vetting process:
- Browse a list of this year’s top franchises that are actively seeking new franchise owners.
- See public ratings of franchise brands by their own current franchisees.
- Purchase the Franchise Buyer’s Toolkit for exclusive insights and data to save you time and frustration.
- Get a free franchise consultation from one of our partners to match you with a franchise brand.
What are you waiting for? Take the quiz now and see if you’ve got what it takes!