Franchisee Self-Test

Franchising isn’t for everybody as it involves a particular mind-set and attitude, and with so many different franchise companies on the market how do you choose the right franchise to invest into?

Our diagnostic tool, the Franchise Self-Test, has been designed to help you identify a starting point from which to commence your own research.

The following 10 questions will help identify whether franchising is the right way into self-employment for you and will find the best type of franchise match for you

Your Name:*
Email*
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Can I cope with the isolation of self-employment?*
Can I exercise self-discipline?*
Can I work long hours under pressure?*
Can I think about what effects of working for myself will have on my future?*
Can I handle being unsure at times?*
Can I accept advice?*
Am I able to generate enough money to meet payments to run a business and pay off debt commitments?*
Can I rely on the support of my spouse/partner?*
Can I demonstrate the willingness to understand and deal with a business situation in a manner that is likely to lead to a good outcome?*
Am I motivated to make a profit?*
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Score
Congratulations!You have completed the franchisee self-report selection test
Based on your answers, you indicated:
A significant interest in finding career satisfaction in being a franchisee.
Want to determine your match to the scientifically benchmarked franchisee selection assessment?
Franchising Plus E Test
A benchmark franchisee typically has the following preferences to the questions asked:
Question 1: Can I cope with the isolation of self-employment?
Franchisee Benchmark:
Franchisees need to be able to survive feelings of isolation.
In contrast to being an employee, they have no immediate boss, or peers, who can give help, advice or moral support.
Question 2: Can I exercise self-discipline?
Franchisee Benchmark:
Franchisees need to be able to exercise self-discipline. In running their own business they will be responsible for a wide range of tasks (some satisfying some highly frustrating).
The franchisee will be responsible for allocating his/her own time and can, at their peril, neglect tasks such as paperwork, financial control, invoicing and chasing payment.
Question 3: Can I work long hours under pressure?
Franchisee Benchmark:
Franchisees will usually need to work harder than they have even worked before.
This requires both mental and physical stamina. In the early days of building up a franchise, there will be little time for leisure activities, holidays or illness.
Question 4: Can I take the long term view?
Franchisee Benchmark:
Franchisees must be capable of taking the long-term view.
Long term planning and goal setting is likely to pay dividends by giving an edge over the competition.
Question 5: Can I tolerate uncertainty?
Franchisee Benchmark:
Franchisees, running their own outlets, need to have the capacity for surviving uncertainly.
The setting up of a new business entity is a creative venture and requires the capacity for coping with ambiguity.
People with a low stress tolerance may find difficulty in running their franchise.
Build your capacity to handle cognitive load.
Question 6: Can I accept advice?
Franchisee Benchmark:
Franchisee must have the capacity for taking advice.
Having gone into business with ‘independence’ one of their main goals, advice seeking is often resisted.
The ability work within a defined franchising foot print is key.
Question 7: Can I demonstrate financial viability?
Franchisee Benchmark:
Franchisees must demonstrate financial ability.
All loans have to be repaid, with interest. A large financial repayment overhead in the early days of trading can impose additional pressures.
Question 8: Can I rely on the support of my spouse?
Franchisee Benchmark:
Franchisees should, ideally, be able to demonstrate support from their spouse.
Most franchise outlets work long hours involving domestic disruption. Anything less than positive spouse support here can have very negative consequences.
Question 9: Can I demonstrate enterprise or business-acumen background?
Franchisee Benchmark:
Franchisees should, ideally, be able to demonstrate an enterprise background.
Despite the desire for self-employment being quite common, only a minority make the jump from aspiration to reality.
Those who have previous direct experience of self-employment or, alternatively, have a close relative self-employed appear to find the transition easier.
Question 10: Can I demonstrate a profit motivation?
Franchisee Benchmark:
Franchisees should demonstrate profit motivation.
Amongst small business people generally, profit motivation is of a relatively lower order than other goals such as independence and autonomy.
Profit motivation tends to promote greater growth.
Congratulations!You have completed the franchisee self-report selection test
Based on your answers, you indicated:
A moderate interest in finding career satisfaction in being a franchisee.
Want to determine your match to the scientifically benchmarked franchisee selection assessment?
Franchising Plus E Test
A benchmark franchisee typically has the following preferences to the questions asked:
Question 1: Can I cope with the isolation of self-employment?
Franchisee Benchmark:
Franchisees need to be able to survive feelings of isolation.
In contrast to being an employee, they have no immediate boss, or peers, who can give help, advice or moral support.
Question 2: Can I exercise self-discipline?
Franchisee Benchmark:
Franchisees need to be able to exercise self-discipline. In running their own business they will be responsible for a wide range of tasks (some satisfying some highly frustrating).
The franchisee will be responsible for allocating his/her own time and can, at their peril, neglect tasks such as paperwork, financial control, invoicing and chasing payment.
Question 3: Can I work long hours under pressure?
Franchisee Benchmark:
Franchisees will usually need to work harder than they have even worked before.
This requires both mental and physical stamina. In the early days of building up a franchise, there will be little time for leisure activities, holidays or illness.
Question 4: Can I take the long term view?
Franchisee Benchmark:
Franchisees must be capable of taking the long-term view.
Long term planning and goal setting is likely to pay dividends by giving an edge over the competition.
Question 5: Can I tolerate uncertainty?
Franchisee Benchmark:
Franchisees, running their own outlets, need to have the capacity for surviving uncertainly.
The setting up of a new business entity is a creative venture and requires the capacity for coping with ambiguity.
People with a low stress tolerance may find difficulty in running their franchise.
Build your capacity to handle cognitive load.
Question 6: Can I accept advice?
Franchisee Benchmark:
Franchisee must have the capacity for taking advice.
Having gone into business with ‘independence’ one of their main goals, advice seeking is often resisted.
The ability work within a defined franchising foot print is key.
Question 7: Can I demonstrate financial viability?
Franchisee Benchmark:
Franchisees must demonstrate financial ability.
All loans have to be repaid, with interest. A large financial repayment overhead in the early days of trading can impose additional pressures.
Question 8: Can I rely on the support of my spouse?
Franchisee Benchmark:
Franchisees should, ideally, be able to demonstrate support from their spouse.
Most franchise outlets work long hours involving domestic disruption. Anything less than positive spouse support here can have very negative consequences.
Question 9: Can I demonstrate enterprise or business-acumen background?
Franchisee Benchmark:
Franchisees should, ideally, be able to demonstrate an enterprise background.
Despite the desire for self-employment being quite common, only a minority make the jump from aspiration to reality.
Those who have previous direct experience of self-employment or, alternatively, have a close relative self-employed appear to find the transition easier.
Question 10: Can I demonstrate a profit motivation?
Franchisee Benchmark:
Franchisees should demonstrate profit motivation.
Amongst small business people generally, profit motivation is of a relatively lower order than other goals such as independence and autonomy.
Profit motivation tends to promote greater growth.
Congratulations!You have completed the franchisee self-report selection test
Based on your answers, you indicated:
A less likely interest in finding career satisfaction in being a franchisee.
Want to determine your match to the scientifically benchmarked franchisee selection assessment?
Franchising Plus E Test
A benchmark franchisee typically has the following preferences to the questions asked:
Question 1: Can I cope with the isolation of self-employment?
Franchisee Benchmark:
Franchisees need to be able to survive feelings of isolation.
In contrast to being an employee, they have no immediate boss, or peers, who can give help, advice or moral support.
Question 2: Can I exercise self-discipline?
Franchisee Benchmark:
Franchisees need to be able to exercise self-discipline. In running their own business they will be responsible for a wide range of tasks (some satisfying some highly frustrating).
The franchisee will be responsible for allocating his/her own time and can, at their peril, neglect tasks such as paperwork, financial control, invoicing and chasing payment.
Question 3: Can I work long hours under pressure?
Franchisee Benchmark:
Franchisees will usually need to work harder than they have even worked before.
This requires both mental and physical stamina. In the early days of building up a franchise, there will be little time for leisure activities, holidays or illness.
Question 4: Can I take the long term view?
Franchisee Benchmark:
Franchisees must be capable of taking the long-term view.
Long term planning and goal setting is likely to pay dividends by giving an edge over the competition.
Question 5: Can I tolerate uncertainty?
Franchisee Benchmark:
Franchisees, running their own outlets, need to have the capacity for surviving uncertainly.
The setting up of a new business entity is a creative venture and requires the capacity for coping with ambiguity.
People with a low stress tolerance may find difficulty in running their franchise.
Build your capacity to handle cognitive load.
Question 6: Can I accept advice?
Franchisee Benchmark:
Franchisee must have the capacity for taking advice.
Having gone into business with ‘independence’ one of their main goals, advice seeking is often resisted.
The ability work within a defined franchising foot print is key.
Question 7: Can I demonstrate financial viability?
Franchisee Benchmark:
Franchisees must demonstrate financial ability.
All loans have to be repaid, with interest. A large financial repayment overhead in the early days of trading can impose additional pressures.
Question 8: Can I rely on the support of my spouse?
Franchisee Benchmark:
Franchisees should, ideally, be able to demonstrate support from their spouse.
Most franchise outlets work long hours involving domestic disruption. Anything less than positive spouse support here can have very negative consequences.
Question 9: Can I demonstrate enterprise or business-acumen background?
Franchisee Benchmark:
Franchisees should, ideally, be able to demonstrate an enterprise background.
Despite the desire for self-employment being quite common, only a minority make the jump from aspiration to reality.
Those who have previous direct experience of self-employment or, alternatively, have a close relative self-employed appear to find the transition easier.
Question 10: Can I demonstrate a profit motivation?
Franchisee Benchmark:
Franchisees should demonstrate profit motivation.
Amongst small business people generally, profit motivation is of a relatively lower order than other goals such as independence and autonomy.
Profit motivation tends to promote greater growth.

Sign In

Congratulations!You have completed the franchisee self-report selection test

A significant interest in finding career satisfaction in being a franchisee.

A benchmark franchisee typically has the following preferences to the questions asked:

Congratulations!You have completed the franchisee self-report selection test

A moderate interest in finding career satisfaction in being a franchisee.

A benchmark franchisee typically has the following preferences to the questions asked:

Congratulations!You have completed the franchisee self-report selection test

A less likely interest in finding career satisfaction in being a franchisee.

A benchmark franchisee typically has the following preferences to the questions asked: