Are You The Right Fit? - Business Finders Canada Franchise

Franchise is a word heard often these days. Taking part in a successful franchise is to take part in a career opportunity. Perhaps you’ve considered diving into the franchise industry, but you aren’t sure if it is right for you. Here are a few ways to know if you and franchising are a good match:

You are a Problem Solver

One of the most important qualities of franchise owners is their wit. Your ability to problem solve will ensure you can endure the struggles that may come with running a successful franchise. Often, you must find creative solutions to problems in order to keep business running smoothly.

You can Follow Directions and be a Leader

Franchisees must adhere to a brand while at the same time managing a location. Business Finders Canada franchisees help build a successful franchise by running their businesses while obeying the guidelines of the Business Finders Canada brand. A successful franchisee can manage both.

You want Success, but with Less Risk

Because a successful franchise already has a brand in place, there is less risk than business owners who start from scratch. The franchise will take care of the marketing and advertising for you, your job is to run the franchise and uphold the company reputation.

The Price is Right

Different franchises come with different investment requirements, from as little as $25,000 up front to half a million. The right business will fit your budget (which usually means the level of debt you are willing and deemed able to take on) and your financial goals.

The Right Culture

Once the other boxes have been checked, it often comes down to whether the prospective franchisee gets a positive feeling about the culture of the organization and the founder’s value system. Typically, the candidate will pay a full-day visit to the franchisor’s headquarters to meet face to face before any agreement is signed.

Are you willing and able to take on the responsibilities of managing your own business?
Will you enjoy the franchise?
Are you willing to completely follow the franchise system?
Do you have a history of success in dealing and interacting with people?
Can you afford the franchise?
Have you carefully studied the legal documents?
Does the franchise you are considering have a track record of success?
Are the franchisees generally happy and successful?
Do you like the franchisor’s staff – those people with whom you will be working?
Do you have a support system?

Potential Franchise Partners should have:

Solid business experience
Been through a buying or selling process with their own business
A minimum net worth of $500,000 and $150,000 in liquid assets
A commitment to grow with the Business Finders Canada brand
A real estate license before opening (or ability to earn one)

Franchising allows you to be in business for yourself, but not by yourself.

If you think you are the right fit please fill out the information below, these steps will ask several question to help you understand if you’re the right fit for a Business Finders Canada Franchise.

If you think you are the Right Fit please fill out the information below, these steps will ask you several question to help you understand if you’re the Right Fit for a Business Finders Canada Franchise

Step 1 of 5

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First Name*
Last Name*
City*
Province/State*
Email*

1. Why are you considering a franchise?*
2. Do you consider yourself a good team player?*
- Yes
- No
3. When your supervisor asks you to do a project, do you tend to follow the way it has been laid out?*
- Yes
- No
4. Would you be comfortable as a "team leader?"*
- Yes
- No
- Maybe
5. Are you comfortable using your employer's business systems?*
- Yes, I'm good at following systems
- No, I like my own systems

6. Do you consider yourself to be a flexible person?*
- Yes
- No
- Somewhat
7. Have you supervised others before?*
- Yes
- No
8. Do you consider yourself to be a good "ideas" person?*
- Yes
- No
- Somewhat
9. In a franchise business system, it's common to have very detailed operations manual. Will you follow it closely?*
- Yes – that's why I want to buy a franchise
- Maybe – It depends on if it works or not
- No
10. In a new franchise start-up, it's common to NOT be able to take any money out of the operation for the first year. Do you have the financial resources needed for your living expenses during the start-up stage?*
- Yes, my financial position is good enough to get me through the start-up phase
- Maybe – it depends on how long it will take to make money
- No – I need to make an income quickly

11. As you look back on your work life, would you consider yourself to be a rule follower, or are you a person that tends to make your own rules to achieve the desired results?*
- Yes, I'm a rule follower
- No, I've made the rules
12. Are you thinking about getting a franchise of your own because there's already a system in place?*
- Yes, that's why I want to own a franchise-type business
- No, I just want to grow a business quickly, system or no system
13. Are you willing to pay a percentage of your gross sales every month to the franchise company for the right to use their system?*
- Yes – I'm fine with that
- No – I really don't want to pay royalties, and that may stop me from doing this
- Maybe – I'm not really thinking about it yet
14. Why do you feel that a franchise company would want to award you a franchise? Please explain in one or two sentences.*
15. What is your approximate net worth? (Add all of your assets up then subtract any liabilities)*
- Less than $250,000
- $250,000-$350,000
- $351,000-$500,000
- $501,000-$750,000
- $751,000-$1 Million
- $1 million +
- I don't know my net worth

16. Are you willing and able to write a check for $100,000 of your own money? (Before a bank loan?)*
- Yes – I am able to do that
- No – I don't have that kind of money available right now
- Maybe
17. Are you prepared (with help, if needed) to write a formal business plan to present to a lender for a loan?*
- Yes – I know that I'll need a great business plan in order to obtain a small business loan
- No – I don't think that I'll need one
- Maybe – if it's proven to me that I really do need to take the time to do one
18. Are you willing to do whatever it takes (legally, of course) to become your own boss?*
- Yes – I'm willing to do whatever it takes
- No – I'm interested in business ownership, but I can go out and get a job, instead
- Maybe – I don't know yet. It depends on the franchise business concept that I find
19. Does your spouse, partner, or significant other know about your interest in franchise ownership?*
- Yes
- No
- Not Yet

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