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following assessment worksheet is taken from Mary Tomzack's book, Tips
& Traps When Buying A Franchise. It is designed as a rough
measurement of your fit with franchising. Please write down your answers
on a piece of paper. Scoring is provided at the end of this page.
Please choose only
one from each of the following questions.
1. I need to control everything and like to make all the decisions myself.
How true is this statement for you?
a. Partially true.
b. Completely true.
c. Completely untrue.
2. Are you able to
handle the day-to-day operation of a franchise business, which often includes
taking over the duties of an absent employee?
a. Yes, definitely.
b. Not sure, but I would give it a try.
c. No, it would be too difficult.
3. How strong is your
motivation and drive to achieve success?
a. Extremely strong, nothing will stand in my way.
b. Strong, but other things in life are also important.
c. Success in business isn't one of my goals.
4. Do you equate buying
a franchise with "buying a job?"
a. No, not at all.
b. Yes, in some ways, I'm tired of job interviews.
c. Yes, definitely, I'm unemployed.
5. Are you prepared
to work long hours to make the business succeed?
a. Yes, as long as it takes.
b. Maybe, if it doesn't interfere with my recreation time.
c. No, life is too short to work so hard.
6. Are you able to
work without supervision and a support staff?
a. Yes, definitely.
b. I would give it a try, but I work better with a structured staff.
c. No, I'm too used to working with a boss and other staff.
7. Are you able to
organize your time and set priorities?
a. Yes, I almost always do "first things first" and then go
through the rest of the tasks.
b. Yes, except if things get too hectic, then I seem to fall apart.
c. Yes, but I don't like to plan ahead so sometimes things are done on
time and sometimes they aren't.
8. Have you had 5
years or more of managerial or teaching experience?
a. Yes.
b. Less than 5 years experience.
c. No, never had managerial or teaching experience.
9. Have you ever hired
and fired employees?
a. Yes, I've done both without any problems.
b. Yes, but I hate it, especially firing employees, so I tend to allow
poor employees to stay on.
c. No, it was never part of my job. |