The Five W's - What Type of Franchise Should You Start?

"If you don't take risks you will always work for someone who does."

Knowing why you want to become an entrepreneur is an essential part of choosing the right business for your future.

For many franchisees, the reason they are drawn to the idea of running their own business is the possibility of making the key choices. Of course, the first difficult decision to be made in this regard is "what type of franchise am I best suited to?".

Of course, going with your gut feeling is one way of picking your business pathway, but there is a more cerebral way of doing things.

To simplify this process, we've broke this choice into the five 'W's:

• Who
• What
• Where
• When
• Why

Who?

The first question you should ask when making this decision is 'who am I and what have I done up to this point?'

The answer to that query will help a potential franchisee decide if they want to go with a franchise linked to their past, or if they want to choose one of our franchises that don't require prior experience.

Knowing what's important to you will guide you on your way to picking a franchise system that fits your individual value system. For instance, if you are interested in the social issues around climate change, then a green and eco friendly franchise could be the answer for you, or if you have a passion for fitness, then a gym franchise may be more suitable.

What?

There was a day when you decided that this was the route for you.

On that day, something sparked. You were inspired. What was the source of that inspiration?

Knowing what your motivation is will be important on the days when you need to push that little bit harder.

Where?

Deciding to work for yourself as a franchisee is a great move for folks who decide that they want to work from home.

Especially in these uncertain times, the ability to work from wherever you want is a freedom that is nothing short of wonderful.

When?

You may be feeling like now is not the ideal time, but if not now, then when?

It takes time to get the wheels in motion when buying a business, so if you make an inquiry today, it may be around nine months time before the business is up and running.

Thus, if you are waiting for the perfect time, maybe you should stop wating.

Why?

Why did you decide to go down the route of franchising?

Was it that you didn't want to travel down this road alone and wanted experienced business people to help you? Maybe you wanted to start your entrepreneurial lie with the advantage of a brand that's widely recognised?

Whatever it was, it is important that you find a brand that fits in with that reason. Our A-to-Z has an option to suit most people, so check it out now.