Take The Franchise Quiz! 100% of survey complete. Question Title * 1. This totally unscientific quiz will provide you with some important insights. In order to receive your score, please enter your email address below. We won't share it. :) Question Title * 2. Why now? What's happening in your life that's got you interested in being your own boss? Question Title * 3. Do you consider yourself a good team player? Yes No Question Title * 4. When your supervisor asks you to do a project, do you tend to follow the way it has been laid out? Yes No Question Title * 5. Would you be comfortable as a "team leader?" Yes No Maybe Question Title * 6. Are you comfortable using your employer's business systems? Yes, I'm good at following systems No, I like my own systems Question Title * 7. Do you consider yourself to be a flexible person? Yes No Kind of Question Title * 8. Have you supervised others before? Yes No Question Title * 9. Do you consider yourself to be a good "idea" person? Yes No Somewhat Question Title * 10. 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 Question Title * 11. In a new franchise start-up, it's pretty common to NOT be able to take any money out of the operation for the first year. (But, sometimes you can) 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 Question Title * 12. 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, and am ok with it No, I've made the rules, and still want to Question Title * 13. 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 Question Title * 14. 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-it's just a part of franchising 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 Question Title * 15. Why do you feel that a franchise company would want to award you a franchise? Please explain in one or two sentences. (Important!) Question Title * 16. 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 + I don't know my net worth (Use my free net worth calculator- https://www.thefranchiseking.com/free-net-worth-calculator-from-the-franchise-king Question Title * 17. Are you willing and able to write a check for $50,000-$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 Question Title * 18. 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 biz 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 Question Title * 19. Are you willing to do whatever it takes, (legally, of course) to become your own boss? Are you really, really, ready? Yes, I'm willing to do whatever it takes; I've had it with working for others! 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 Question Title * 20. Will "doing whatever it takes," include investing a little money beforehand to learn exactly how to choose and research the best franchises available? Yes, I'm interested in getting the help I need. I want to do this right! No-I'm going to do this alone; I can handle it Maybe-I may need to be convinced that I really shouldn't do this alone. Question Title * 21. Does your spouse, partner, or significant other know about your interest in franchise ownership? Yes No Not yet ************ I grade these free franchise quizzes personally. I'll send your results as soon as humanly possible. Thanks in advance for your patience! Submit
