employ more than 14 million Americans. ?

More than 75 industries use franchising to distribute goods and services to consumers.?

Total sales by franchised businesses are projected to reach $1.7 trillion this year. ?

One of every 12 businesses is a franchise and a new one opens every 8 minutes of every business day.?

In 2000, the median gross annual income, before taxes, of franchisees was in the $75,000 to $124,000 range, with over 30 percent of franchisees earning over $150,000 per year.

No one wants to fail and few can even afford to.While there is no magic formula that every franchisor seeks, there are some key characteristics that are necessary for success. Many franchisors look for the following in franchisee candidates:

1. People Skills- are you a people person? Can you manage and work with others? How do you interact with customers? Can you make connections and promote your business?
2. Can you follow a system? This is key!
3. Can you ask for and accept assistance? Will you let the franchisor help you get started and overcome hurdles to success? Success in franchising means following the proven system.
4. Are you ready to roll up your sleeves and get it done? There is no substitute for hard work, especially the first year.

You may want to do a self-assessment to better understand your skills, goals and motivations.

1. Why do you want to own a franchise?
2. What is your financial health? What are your financial needs and goals?
3. Do you have the support of your family?
4. Can you give up benefits of employment?
5. Are you healthy and equipped for the stress of business ownership?
6. Do you need to be in charge of all decisions?
7. What is your lifestyle? What hours are you willing to work?
8. Do you prefer a home-based business or a retail or office setting?
9. How do you feel about selling?
10. What is your risk tolerance?

A common myth is that franchisors require industry specific skills. Rest assured that franchises do not insist that you have specific industry experience (and some even prefer you do not!). In fact, more often than not, franchisees choose businesses that reflect their interests; not their professional backgrounds. And the very nature of franchises, a proven system with excellent training and ongoing support, makes this possible.

What are your chances of success as franchisee?

• A U.S. Small Business Administration study conducted from 1978 to 1998 found that 62 percent of non-franchised businesses failed within the first 6 years.
• A 1999 study by The United States Chamber of Commerce found that 86 percent of franchises opened within the last five years were still under the same ownership and 97 percent of them were still open for business.
• Franchise businesses account for about 50 percent of all retail sales in the US and employ more than 14 million Americans. ?
• More than 75 industries use franchising to distribute goods and services to consumers.?
• Total sales by franchised businesses are projected to reach $1.7 trillion this year. ?
• One of every 12 businesses is a franchise and a new one opens every 8 minutes of every business day.?
• In 2000, the median gross annual income, before taxes, of franchisees was in the $75,000 to $124,000 range, with over 30 percent of franchisees earning over $150,000 per year.

No one wants to fail and few can even afford to.<em.

Are you ready to roll up your sleeves and get it done? There is no substitute for hard work, especially the first year.

You may want to do a self-assessment to better understand your skills, goals and motivations.

1. Why do you want to own a franchise?
2. What is your financial health? What are your financial needs and goals?
3. Do you have the support of your family?
4. Can you give up benefits of employment?
5. Are you healthy and equipped for the stress of business ownership?
6. Do you need to be in charge of all decisions?
7. What is your lifestyle? What hours are you willing to work?
8. Do you prefer a home-based business or a retail or office setting?
9. How do you feel about selling?
10. What is your risk tolerance?

A common myth is that franchisors require industry specific skills. Rest assured that franchises do not insist that you have specific industry experience (and some even prefer you do not!). In fact, more often than not, franchisees choose businesses that reflect their interests; not their professional backgrounds. And the very nature of franchises, a proven system with excellent training and ongoing support, makes this possible.

What are your chances of success as franchisee?

• A U.S. Small Business Administration study conducted from 1978 to 1998 found that 62 percent of non-franchised businesses failed within the first 6 years.
• A 1999 study by The United States Chamber of Commerce found that 86 percent of franchises opened within the last five years were still under the same ownership and 97 percent of them were still open for business.
• Franchise businesses account for about 50 percent of all retail sales in the US and employ more than 14 million Americans. ?
• More than 75 industries use franchising to distribute goods and services to consumers.?
• Total sales by franchised businesses are projected to reach $1.7 trillion this year. ?
• One of every 12 businesses is a franchise and a new one opens every 8 minutes of every business day.?
• In 2000, the median gross annual income, before taxes, of franchisees was in the $75,000 to $124,000 range, with over 30 percent of franchisees earning over $150,000 per year.

No one wants to fail and few can even afford to.

What is your lifestyle? What hours are you willing to work?

Do you prefer a home-based business or a retail or office setting?

How do you feel about selling?

What is your risk tolerance?

A common myth is that franchisors require industry specific skills. Rest assured that franchises do not insist that you have specific industry experience (and some even prefer you do not!). In fact, more often than not, franchisees choose businesses that reflect their interests; not their professional backgrounds. And the very nature of franchises, a proven system with excellent training and ongoing support, makes this possible.

What are your chances of success as franchisee?

• A U.S. Small Business Administration study conducted from 1978 to 1998 found that 62 percent of non-franchised businesses failed within the first 6 years.
• A 1999 study by The United States Chamber of Commerce found that 86 percent of franchises opened within the last five years were still under the same ownership and 97 percent of them were still open for business.
• Franchise businesses account for about 50 percent of all retail sales in the US and employ more than 14 million Americans. ?
• More than 75 industries use franchising to distribute goods and services to consumers.?
• Total sales by franchised businesses are projected to reach $1.7 trillion this year. ?
• One of every 12 businesses is a franchise and a new one opens every 8 minutes of every business day.?
• In 2000, the median gross annual income, before taxes, of franchisees was in the $75,000 to $124,000 range, with over 30 percent of franchisees earning over $150,000 per year.

No one wants to fail and few can even afford to.training and ongoing support, makes this possible.

What are your chances of success as franchisee?

• A U.S. Small Business Administration study conducted from 1978 to 1998 found that 62 percent of non-franchised businesses failed within the first 6 years.
• A 1999 study by The United States Chamber of Commerce found that 86 percent of franchises opened within the last five years were still under the same ownership and 97 percent of them were still open for business.
• Franchise businesses account for about 50 percent of all retail sales in the US and employ more than 14 million Americans. ?
• More than 75 industries use franchising to distribute goods and services to consumers.?
• Total sales by franchised businesses are projected to reach $1.7 trillion this year. ?
• One of every 12 businesses is a franchise and a new one opens every 8 minutes of every business day.?
• In 2000, the median gross annual income, before taxes, of franchisees was in the $75,000 to $124,000 range, with over 30 percent of franchisees earning over $150,000 per year.

No one wants to fail and few can even afford to. employ more than 14 million Americans. ?

More than 75 industries use franchising to distribute goods and services to consumers.?

Total sales by franchised businesses are projected to reach $1.7 trillion this year. ?

One of every 12 businesses is a franchise and a new one opens every 8 minutes of every business day.?

In 2000, the median gross annual income, before taxes, of franchisees was in the $75,000 to $124,000 range, with over 30 percent of franchisees earning over $150,000 per year.

No one wants to fail and few can even afford to.

The bottom line: Franchises have a 97 percent success rate. Most people cannot even predict that they can keep their jobs with a 97 percent certainty! Can you?