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Prospective Franchisee Survey - Franchisee Background (2)

This section of this exciting Franchise Direct survey deals with the background of survey respondents. Readers will learn a lot about the life experience of prospective franchisees while reading this section. This is a valuable report on franchising.

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Prospective Franchisee Survey Results 2011

Franchisee Professional Background

From what backgrounds are prospective franchisees coming to our site from? We explore what experience they have to bring to their new franchise business, and how long they anticipate their decision making process to be in this section.

Prospective Franchisee Survey - Have you ever operated your own business before? 43% of participants have run their own business.

Prospective Franchisee Survey - Do you have management experience? 72.2% of participants have management experience.

Prospective Franchisee Survey - How soon are you looking to buy a franchise? 38.8 % of participants wanted to open a franchise within 0 to 6 months.

Franchisee Financial Background

What kind of budget do visitors to our site have? This section details the financial status of prospective franchisees on our site and how are they planning to finance their franchise venture.

Prospective Franchisee Survey - How has the current economic climate influenced your decision to look into franchising? 49.3% of participant claimed the economic climate influenced their decision to look into franchising.

Prospective Franchisee Survey - How do you plan on financing your franchise? 49,0% of participants planned on using their personal savings and/or their retirement fund.

What percentage of the total investment are you looking to finance through outsiders?

Prospective Franchisee Survey - How much are you planning to spend to start a franchise? 47.5% of participants planed on spending below $100K.

Prospective Franchisee Survey – Will you invest in a franchise on your own, or as part of a group? 59.7% of participants were planning on starting their new business on their own.