A pure entrepreneur is likely to want an environment where they have complete freedom to take an original idea, uniquely create a model for it to thrive, and operate according to their own set of rules. Before going down the road to franchising, it is important to consider whether how you're wired as a potential business owner is going to be compatible with an established and standardized system.
Persistence, resilience, tolerance for risk, and courage are all qualities you need to be a successful business owner, or in our case, a franchisee. The reality is that you need all of these, but which is most important? A survey of our JumpBunch franchisees revealed opinions that broke out in the following way.
Many entrepreneurs opt to franchise a business rather than starting from scratch. The security of a proven business model combined with the support and resources offered makes it very appealing. However, it is important to remember that even franchise businesses can be risky if the decision is made without a lot of thought and planning. It’s easy to avoid being guilty of the common mistakes that a lot of entrepreneurs make, if you keep the following tips in mind: