Exactly what is Franchising?   – According to the International Franchise Association:

  • “Be in business for yourself but not by yourself.”
  • “Learn from the success and failure of others.”
  • “Franchising is a process of bottling success and giving it to other people for use in developing their own successful businesses.”
  • “Why would you spend years and the investment required to establish a successful brand, when you could buy a franchise which would give you immediate access to a successful business system and a brand name which others already have made successful?”
  • “Why work for someone else when you can work for yourself and reap the rewards of your efforts?”

Are you ready to be a business owner?

  • What aspects of your present or past work were most gratifying? Least?
  • How do you feel about your ability to delegate?
  • How do you feel you handle disappointment? Rejection?
  • What role does being a good listener play in your work experience?
  • How important to you is acknowledging the good work done by others?
  • What kinds of things are you willing to compromise on?
  • What’s been your experience in collaborating with others in finding solutions?
  • What do you think about this statement?
  • “There is no end to what can be accomplished if you don’t care who gets the credit”
  • How comfortable are you in front of groups? Making cold calls?
  • Business-wise where do want to be in a year, 2 years, 5years, 10 years?
  • What do you think about your ability to follow closely a business plan that’s been worked out by others?
  • How hard are you willing to work to achieve your business goals?
  • How willing are you to follow the advice of experienced people when it may be contrary to what you think?
  • How important is it to keep your business and personal life in balance?

What business is best for you?

  • Why do want to buy a franchise?
  • What other franchises have you looked at?
  • Why are you interested in Corporate Housing?
  • What interests you in AvenueWest?
  • Have you ever owned a business before?
  • Do you know how to be a business owner?
  • Do you understand both the risks and rewards of owning a company?
  • Are you self-motivated and self-starter?
  • What are your top motivators?
  • Do you like working with people?
  • Are you good with computers?
  • Are you a problem solver?
  • Do you have strong community support?

What do you need for a business? 

  • Do you already have a company?
  • If not, what kind of company/entity will you setup? (i.e. LLC, Inc., etc.)
  • Do you have a lawyer?
  • Do you have an insurance broker & insurance?
  • What bank would you use?
  • Do you have an accountant?
  • Do you have a bookkeeper?
  • Where will you company be located?
  • How many employees will you have?
  • Do you know how to get the proper State licenses?
  • Do you know how to setup and maintain a computer system?
  • What phone system will you use?

Ask us more questions about how AvenueWest can support your goals of business ownership.

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