Module 2 - Qualities of a Good Franchise Business, Good Franchisee, & Good Franchisor

Question 1

What are the Qualities of a Good Franchise Business?

Answer 1

(1) Experience
(2) Training
(3) Ongoing support
(4) Franchisor-Franchisee Relationships
(5) Name Recognition
(6) Proven Sales and Marketing Systems
(7) Buying and Purchasing Powers
(8) Demographics and Site Location

Question 2

What are the Qualities of a Good Franchisee?

Answer 2

(1) Leader/Communicator
(2) Risk Taker
(3) Willingness to Learn
(4) Adaptability
(5) Team Player
(6) Financial Aptitude
(7) Patience
(8) Results driven
(9) Passionate

Question 3

What are the Qualities of a Good Franchisor?

Answer 3

(1) Passionate/Pragmatic
(2) Supportive
(3) Communication
(4) Honesty
(5) Visionary/Committed
(6) Valuing the team
(7) Altruistic
(8) Marketing oriented
(9) Maintaining the personal touch
(10) Collaborative
(11) Listening