Life is intricate and multi-faceted, sometimes confusing, and outright complicated! However, the beauty of modern America lies in the ability to sway the circumstances by intentionality and hard work. Nonetheless, each individual possesses a very different personality, skill set and circumstance. Therefore, seeing as it takes up about 40+ hours of your week, its important that your occupation correlates with the internal factors of what makes you, you. In the world of franchising, there are many different realms and areas of interest for investigation and investment. Thousands of different types of franchises lay at your fingertips, each with varying levels of commitment in terms of time and money. With such a wide array of franchises, it makes sense that you take measures to make sure that you are setting yourself up for long term success both emotionally, physically and financially.
Get to Know Yourself
In the famous words of Aristotle, it is important to “now thyself”, because “the unexamined life is not worth living”. Maybe a little dramatic, but you get the point. Step one in choosing the franchising realm thats right for you begins with self-analysis and brutal honesty. If you cannot figure out what makes you tick, what excites you deeply and what annoys you, then you are not a prime candidate for success in franchising. Therefore, if you feel exceptionally unacquainted with your inner workings, it may be a good idea to participate in a few online personality quizzes in order to evaluate your work style and other individual quirks about yourself.
Answer the Nitty Gritty Questions
It is imperative that you ask the tough questions and give honest answers in order to start off on the right foot. Evaluate such questions: how much money can I invest? How involved am I willing to be on a day-to-day basis? How risk-oriented am I?
The answers to questions such as these will determine which direction of franchising you take. For example, for an individual with a bold and risk-oriented nature, a new and innovative franchise with high risk and high reward may be the best bet, despite the potential failure. With this kind of personality, you will be able to whether the storms as needed. However, in the case of an individual with risk-aversion tendencies, it may be smart to link up with a long tried and tested franchise that may be considered irrelevant to some, but has a proven track-record of success.
Find Your Fit
Once you have a grasp on the specifics of your work-style, people skills and general personal tendencies, you can take the next step of researching franchises that fit with your lifestyle.
Instead of beginning with brands, figure out what type of business immediately interests you and adheres to your skill set and personality, whether it be retail, industrial, service, or home-based. Next, the concept of the franchise is also important to evaluate, such as whether you you enjoy working in a bustling and productive atmosphere of a fast-food joint, or else a slower-moving and client-focused type such as grooming or a mechanical garage. After its all said and done, you are committing your life and heart into this franchise, although it will primarily be to earn money and live the way you’d like on the weekends, it is optimal to choose a franchise that meets your personal criteria as it relates to your priorities, abilities and ambitions.
About FranNet Canada
FranNet is a 29-year-old company with roots in the U.S. Its purpose being to nurture every entrepreneur’s dream of business ownership. We actively employ a specific profiling and consultation method. This method is geared to each investor with a specific business model and based on franchise trends typically found in Toronto, Ontario, Vancouver, British Columbia, or Calgary, Alberta. The most lucrative Canadian franchise opportunities are waiting for you. For more details visit – http://frannet.ca/buy-a-franchise/canada-franchise-buying-process/