Are you meant to be a franchisee? Are you really cut out for all that's entailed? Here are some traits that you should have as a franchisee.
First, you should be willing to conform. When buying into a franchise you are buying a business plan and strict directions on how to run the business. If you have a tendency to incorporate your own ideas into a project, I do not recommend franchising for you. If you are an entrepreneur who doesn’t like to follow someone else’s direction, get out now.
Second, you should be a people person. If you are someone who would rather be alone most of the time and work independently, franchising isn’t for you. In franchising you have to be willing to work with all sorts of people.
Third, a franchisee should be able to take charge and be firm with their employees. Will you be able to fire an employee that may have bad behavior or poor attendance? This trait is very important to have.
Fourth, a franchisee needs to be humble enough to ask for help when they need it. Even though you probably have past managerial experience, you will still need help.
Fifth, a franchisee must be willing to put in long hours. As a franchisee you are the go-to person for every type of problem. You may not get breaks in your day, and you may be away from your family a lot. Are you willing to play this role?
If you do not have most of these character traits, I would not recommend being a franchisee.