Selecting A Franchise Worksheet Answers

Look Inward for a Business Idea. The first and easiest place to come up with a business idea is through your own experiences. Look Toward Others for a Business Idea. Brainstorm Solutions for Your Idea. Validate Your Idea to Ensure Success. Make Your Idea a Reality.

Price. Your goal should always be to get the maximum value for the lowest possible cost. Quality of Product or Service. Check References. Customer Service. Ethics and Integrity of The Vendor. Professional Employees. Recommendations from Others. Existing Relationships.

The key is to select the land or building that will be most beneficial to the company in the long run, taking into consideration the company's primary market, the available labor force, transportation factors, availability of raw materials, available buildings or building sites, community attitudes toward the industry,

Accessibility. Any location you consider should be easy to access. Competitors. Check for compatibility with nearby stores when researching a site. Parking. Except for cities like New York and Chicago, parking availability is very important for your business. Costs.

Separation or Buffer Distances. Site Suitability. Proximity to Waste Source. Zoning. Protection and Enhancement of Conservation Values.

Selection criteria are used to determine the best-qualified candidate from among all of the applicants who have met the minimum qualifications and were selected for an interview for the particular position.

Focus on your skills, experience and passion. Go with what you already know or don't mind learning fast. Evaluate business-lifestyle fit. If balancing work and family life is important to you, then avoid businesses that could require working 60 hours a week. Test your idea.

From Wikipedia, the free encyclopedia. Site selection indicates the practice of new facility location, both for business and government. Site selection involves measuring the needs of a new project against the merits of potential locations.

If you're wondering why franchise site selection is so important, the first answer is visibility. When a location is hard to see or find, it's going to significantly limit how many people come to it. A poor location that's hard to access can even discourage potential customers who were planning to come.