Questions: |
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| 1. How would you fell about investing in a new franchise system - one that has been in existence one year or less? |
| That would not be a problem for me. |
| I would want to check it out more thoroughly than a concept that has been around a number of years. |
| I would prefer to invest in a company that has been franchising for five or more year. |
| I would not invest in a new concept. |
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| 2. Would you be concerned if there were already similar franchises in the area where you would be opening your business? |
| If I didn't feel the area was over - saturated then I would be OK with existing competitors. |
| I would want to be sure that the franchise I was considering has definite advantages for the long term. |
| I would prefer to invest in a franchise or concept that is new to my area. |
| I would view existing competitors as a definite negative. |
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| 3. Which of the following would be preferable to the others? |
| Food - Related |
| Automotive |
| Senior Concept |
| Personal Services |
| Construction - Related |
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| 4. Which of the following would be preferable to me as an operator? |
| A business in which the customers come to my location because of advertising and marketing. |
| A business in which I prospect for clients and customers. |
| A combination in which I spend some time prospecting outside the physical location and some time working "inside" |
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| 5. How do I feel about having partners, friends or acquaintances as investors? |
| I think it is a good idea - having someone else to rely on for advice and / or funding. |
| I would consider it buy only after much consideration and a written partnership plan. |
| No partners for me. |
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| 6. Which of the following would I prefer if these were the only choices? |
| Business to Business Services |
| Technical or Computer Related |
| Consumer Durables |
| Medical or Health Related |
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| 7. I work best under the pressure of deadlines. |
| Yes, if I am the one imposing the deadline |
| Yes, if the deadlines are those imposed by my customers. |
| No, I prefer working on projects that are not pressured by a deadline. |
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| 8. If I do have others working with me in the business they will be: |
| Spouse |
| Children |
| Parents |
| Friends |
| None of the above |
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| 9. Which of the following is true about me. |
| I want my own business so I do not have a boss. |
| I want my own business so I can develop equity for retirement |
| I want my own business so I can earn what I am worth |
| I want my own business because I am fearful about the future of my job. |
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| 10. I am willing to work the following schedule in my own business. |
| Monday through Friday, regular business hours. |
| Saturdays are OK but no Sundays |
| Seven days a week are fine with me if I can get one day off some time. |
| I am willing to work every day without regard to days off. |
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| 11. I couldn't bear the though of owning a |
| Convenience Store |
| Restaurant of any kind. |
| Business involving 10 or more employees |
| Business in which I was required to go out and solicit customers |
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| 12. A motivation for me to own my own business would be |
| Status in the community and among friends |
| Ability to set my own schedule. |
| Freedom to take a vacation when I want to. |
| To develop personal skills that are not available in a job |
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| 13. On a scale of 1 to 10, 10 being the most true about me, I understand and enjoy technical aspects of a task or project_________________ |
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| 14. On a scale of 1 to 10, 10 being the most true about me, I prefer a project that requires hours instead of minutes, or days instead of hours____________ |
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| 15. On a scale of 1 to 10, 10 being the most true about me, I am extroverted rather that introverted_________. |
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| 16. I would (would not) feel comfortable using a portion of money I have set aside for retirement to fund purchase of a business or franchise. (circle your choice). |
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| 17. I would rely most on the choice of a business on: |
| Profit and loss statement of the business |
| Creation of a business plan that I was confident I could execute. |
| Advice of my accountant and / or attorney. |
| What my spouse and family members say. |
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| 18. I would most enjoy in my new business: |
| Working with my hands |
| Directing others as a manager |
| Selling a product or service to a client and then supervising its implementation |
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| 19. I would expect to own and operate a business for: |
| 1 - 5 years. |
| 6 - 10 years |
| More than 10 years |
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| 20. I would hope to exit my business by: |
| Passing it on to family members |
| Selling it for a profit and retiring |
| Selling it for a profit and starting or purchasing yet another business |
| Haven't thought that much about an exit plan. |
