What are your strengths and weaknesses? Do you



have an outgoing personality? Are you good with

people? Do you like a desk job or would you

prefer being out and about? How do people react

to you? Do you make friends easily? Do you get

angry easily? What is your boredom threshold?

Once you have answered these questions then it is

time to evaluate your finances. How much money do

you have? How much money can you raise from

family and friends? What is your credit score

like? How much money are you prepared to risk on

a new business? How much money can you raise

through lending institutions?

Now you are ready to proceed to the next step.

How many years are you ready to commit to the new

business? What do you hope to achieve? Do you

have any family members who will be prepared to

help out?

The final step is to analyse your living expenses.

How much money do you need to live? Are there

any further predictable expenses on the horizon?

Will you be able to manage with your current

vehicle? What amount of risk are you willing to

take?

If you are working from home, will you need a new

office? What further equipment is required? How

would you react without daily human interaction?

Are you looking for an established franchise

where you will have to pay more for the franchise

model? Or would you prefer a less established

brand where the initial franchise fee is often

lower but the risks are higher?

If you have answered all these questions then you

are now ready to start looking at franchises that

fit in with your requirements. The best place to

start is by buying the latest franchise magazines.

They have a lot of information on the latest as

well as the more established franchises.

Another really good avenue for finding franchise

opportunities and learning more about the

franchise business is the internet. There is a

wealth of information on the web. Just search for

"franchise", "franchise opportunity" or "business

franchise".

Once you have done the basic searches and know

what you are looking for then it is time to

refine your searches. As an example you might

search for "internet franchise" or "work from

home franchise" opportunity.

Finally the best avenue for finding a great

franchise business is by attending franchise

exhibitions. Here you can meet hundreds of

franchisors face to face and ask them grilling

questions. They will also be in ultra competitive

mode knowing that you have so much choice under

one roof! You can also get free advice from

lenders, franchise lawyers, accountants and other

experts.

Buying the right franchise for your personality

means that you are much more likely to work

harder and enjoy the business you are in. If you

enjoy your work you are much more likely to

successful!