Before you look at any franchise opportunities, step back and consider whether owning a franchise is right for you.
Owning a franchise might be suitable for you if you have some business experience, but have never owned your own business. People who have been employed in other businesses and have gained some business and administrative skills over the years often do well in franchises.
Bear in mind that you don't necessarily need experience in a particular industry, as a good franchise system will provide you with the necessary training and support. However, you need to enjoy working in that industry or sector – it’s hard to make a real success of products or services you don’t really like or value.
You should also understand what kind of franchise you’re looking for. Franchise opportunities can be split into 'buying a job' and 'buying a business'. The first option provides you an income, generally has a lower entry cost, and opportunity to grow the business is limited. The second option usually costs more but you have greater flexibility and capacity to grow the business.
Owning a franchise might not be suitable for you if you are an entrepreneurial type who would enjoy creating a business from scratch. Franchisors (the person or company selling the franchise) have developed a system that works and they will want franchisees (the people buying a franchise) to work within the system. The whole aim of franchising is to duplicate the original, so that customers get the same standard and quality of product or service from any outlet.
If you have lots of initiative and ideas and enjoy 'doing your own thing' rather than being told what to do, you might find the typical restrictions of a franchise agreement too limiting.