Do you have what it takes to be a franchisee?

The concept of franchising has opened the door to thousands of aspiring entrepreneurs to finally take that leap into starting a business. Though franchising has been introduced around 1910, it was only in the early 1990’s when awareness began.

These days, almost every business owner thinks of franchising his brand, which gives the aspiring franchisee plenty of opportunities to choose from. However, wanting is different from having the capability to be a franchisee.

Take this simple quiz NOW to find out if you’re destined to be a franchisee!

*This quiz is only a preliminary gauge of your readiness to be a franchisee. For a more accurate and comprehensive evaluation, meet with a franchisor or consult with a franchise expert.

Are You Ready to Franchise Your Business?

By Armando O. Bartolome

Franchising is a very popular option being explored by aspiring entrepreneurs, what with its promise of a steady and proven way of making money. Franchising, too, has been proven to be the best strategy to expand one's business.

Responding to this trend, owners of existing businesses are simply too eager to jump into the franchising bandwagon, sometimes failing to realize that amidst franchising successes, there is also the possibility of failure. Some failures, in fact, can be attributed to the practice of going into franchising without carefully examining if one is ready for it.  

Think your business is ripe for licensing? Take this quiz to test if you're all set to be a franchiser.

*This quiz is only a preliminary gauge of your business' readiness to be franchised. For a more accurate and comprehensive evaluation, consult with a franchise expert.