Am I a suitable franchise candidate?
What do you enjoy doing, and what do you want to do more of?It is important that you ask yourself what you enjoy doing and what you are passionate about. This does not necessarily have to be something that you do in your current job, it could also be a hobby, or something you wish to be doing more of. One of the most important factors that will determine whether you make a success of your franchise store is whether you will enjoy running your own store, managing the day-to-day operations, etc. If this will not bring job satisfaction to you, you may not be a suitable franchise candidate.
Do you enjoy working with people?As a store owner, you should enjoy working with people as this will be part of your everyday responsibilities. Be it new or existing clients, suppliers, other franchise owner, or your own staff, you should have a passion for working with people to ensure the success of your store.
Do you like the idea of being your own boss?Of course, everyone likes the idea of being their own boss, but you should be aware that being the boss also means that you will be responsible for making sure that all day-to-day operations proceed according to plan. You will need to take care of your accounts, staff issues, inventory, and more. Although you can outsource some of your responsibilities, it will be part of your job to ensure that everything is done correctly.
Are you willing to have and manage your own employees?As the owner of a franchise store, you will need to manage your own employees. Ask yourself whether you will be able to hire, direct, and even fire employees, as this will be part of your job.
Will you be able to take direction from the franchise team with regards to opening and running your business?Successful franchisees can take direction from the franchise team with regards to how their stores should be managed. The franchise office provides training to ensure that you know and understand how a Signarama franchise store operates. If you would prefer conducting business according to your own rules and regulations, a franchise might not be the best idea.
How does your family feel about you buying and owning a franchise? Are you prepared to work extra hours?Having your family on board when buying a franchise can better your chances of achieving success. As the store owner, you may be required to work longer hours, which will directly impact your family – therefore, make sure you are prepared to work extra hours, and talk to your family about how it may impact your lives.
Do you have the necessary capital to open a franchise store?
You should ask yourself whether you have sufficient capital to invest in a franchise store, and whether you are willing to make the necessary financial sacrifices until your store is up and running.
If you are interested in becoming part of the Signarama franchise network, you are welcome to visit https://www.signfranchise.co.za/ownasignarama/ to find out more, or apply online via https://www.signfranchise.co.za/applyhere/.
Unit 66 Studio Park
5 Concourse Crescent, Lonehill
Johannesburg, South Africa 2062
012 285 0412