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Do You Have What it Takes to be a Successful Franchisee? By Neil Burnard

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Do You Have What it Takes to be a Successful Franchisee? By Neil Burnard

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Any person who has seriously considered buying a franchise has wondered if they “have what it takes” to be successful. Assess if you have these things, and you'll have a much better idea.

Any person who has seriously considered buying a franchise has wondered if they “have what it takes” to be successful. Assess if you have these things, and you'll have a much better idea.

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Do You Have What it Takes to be a Successful Franchisee? By Neil Burnard

  1. 1. DO YOU HAVE WHAT IT TAKES TO BE A SUCCESSFUL FRANCHISEE? HERE'S WHAT YOU NEED by Neil Burnard
  2. 2. PERSONAL QUALITIES 1. DECISIVENESS 2. LEADERSHIP 3. GOAL ORIENTED 4. RISK AVERSE Have a clear idea of what you want to accomplish and how you plan to do it. Comfortable "steering the ship" and taking responsibility for the consequences. The ability to gather information and make smart decisions in a timely manner. Franchisors will look to you to minimizing risk and make calculated choices.
  3. 3. RESOURCES 1. FRANCHISOR 2. FINANCIAL PLAN 3. CAPITAL 4. TIME It will likely take some time to turn a profit. Can you support yourself until then? You need a firm grasp of how much you can invest and what you can expect on your return. A franchisor should be helpful and supportive. Existing franchisees should act as evidence. Starting a business requires most of your time and energy, at first. Are you all in?
  4. 4. DO YOU HAVE WHAT IT TAKES? ResourcesPersonal Qualities Franchisee Success
  5. 5. THANK YOU LEARN MORE AT NEILBURNARD.NET by Neil Burnard

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