Choosing the Right Franchise for Your Personality
There are hundreds of franchise opportunities in the United States and it can be difficult to find the right one for your personal needs. While many people consider factors such as finances, franchise rules and locations, they often fail to evaluate whether a specific franchise will suit their personality. In order to manage a successful business that gives you professional satisfaction, it needs to complement your individual characteristics.
Becoming Self-Aware
Becoming aware of the requirements of a certain franchise opportunity and your personality type can help you match up to the business that you are better equipped for. If you are honest with yourself it will become obvious that there are some businesses that do not mesh with the way you like to work and what you want as far as work environment is concerned. If you would like to open a franchise, but are unsure about the kind that will work for you, then it may be helpful to use your personality as a guide.
Putting It Down on Paper
One method that can help you determine your ideal franchise is making an honest list of your personality traits. You can make an initial list on your own and later ask for the input of others that know you well to make adjustments to the list. You should also jot down your personal interests and expectations regarding your future experience as a franchisee. Some of the questions you might ask yourself include:
- Am I an extrovert or an introvert?
- Do I enjoy work that requires attention to detail?
- Am I more of a hands-off or hands-on person when it comes to management?
- Do I want to interact with many people or focus on other aspects of a business?
- What type of schedule best suits my lifestyle?
- Is the franchise brand something I want to promote?
- Do my skills match up with the requirements of the franchise?
Personality Evaluations
If you are still unsure of the right franchise to choose after your self- assessment then you also have the option of using a personality test. There is a variety of personality tests that can be found online or in books. Two prominent evaluation methods are the Myers-Briggs Type Indicator (MBTI) and the Keirsey Temperament Sorter (KTS). There are many websites that provide the MBTI test online, which is based around a series of questions that inform you of your standing in these four categories:
- Introverted/Extroverted
- Sensing/Intuition
- Thinking/Feeling
- Judging/Perceiving
The KTS assessment also uses four categories and sorts people into one of the four temperament groups, which include four subgroups each. This test can be taken online as well and the categories are made up of:
- Artisans
- Guardians
- Rationals
- Idealists
There are many things that should undergo careful consideration before purchasing a franchise and personality is definitely one of them. Buying a franchise can be similar to finding a job that matches up to your specific skill set and desires. The ideal owner of a convenience store franchise will probably differ in many ways from a restaurant or cleaning franchise. Careful consideration and evaluation of your personality and lifestyle can help you determine the franchise that will give you the greatest likelihood of success.
Author Bio: Thomas Hickman is an internet marketing director for 7-Eleven franchising opportunities. He enjoys playing with his Doberman and Chihuahua, Sonny and Spike, and connecting with nature through his outdoor endeavors.
Franchise Help Interviews the First Ever Eco-Friendly Car Wash Franchise
80% of business owners fail because they don’t have the skill set, education, orexperience to run a successful business. DetailXPerts provides franchisees with thetraining, support, and marketing that they need to start and run a successful business. As the first franchise to implement this type of car wash concept, we’ve spent a greatdeal of money and time developing this system and are confident that our efforts will lead to further growth in our franchise.
Why Doesn't Chipotle Franchise?
I’m a huge Chipotle fan and I’m not ashamed to admit it. I love a big fat carnitas burrito with every possible topping (is that even the right word for what you put on a burrito?) on it, especially guac. But every time I’m outside of New York I wonder why there aren’t more Chipotles out there. Sure there are a bunch (at the end of 2014 there were more than 1,700) but their numbers pale in comparison to other “fast food” giants like McDonald’s or Subway (they have more than 36,000 and 43,500 restaurants respectively). So why hasn’t Chipotle followed suit and gone the obviously successful franchising route?
Franchise Disclosure Documents For Dummies – Part 1
To begin my new weekly column for FranchiseHelp.com I will be writing a series of articles covering some basics and need-to-know information for each of the twenty-three Items of the Franchise Disclosure Document (“FDD”). I will try to be as non-technical as possible, and will try to provide insight and information that is useful for both franchisors and prospective franchisees. Nine weeks from now, you may have a slightly better understanding of the core elements of the FDD.