Franchising.com:

Franchising can offer a great business opportunity, but there are many different kinds of franchising models and business structures, and so many different brands and concepts. How do you know what’s right for you?

Begin your research by conducting a thorough and honest internal audit of yourself. Look at how you like to operate. Analyze your strengths and weaknesses. Review the things that make you tick, and the things that tick you off. Do you like to be in charge and calling the shots, or do you like to delegate? Do you like to be behind a counter or desk all day, or do you prefer being out in the field working one on one with customers and potential customers? This is just the tip of the iceberg for the kinds of questions you should be asking yourself. Give this some serious thought. The worst thing you can do is prematurely choose a franchise concept you will be unhappy working in day after day.

Now, armed with a general idea of what you think you’d like to do, regularly read every franchise-related publication (and website) you can get your hands on. Talk to friends and acquaintances who have been in franchising. And don’t be afraid to ask the franchise owner down the street for their take on what it’s like to be a franchisee. You’ll want to process and evaluate all of this information with trusted friends and advisors.

Brokers… continue reading.

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