Fit Quiz - FranGuidance

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FranGuidance is The Online Resource and Consulting Service founded by Irving Chung, a Franchise Consultant in the FranChoice network.

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SECTION 1 TO 3 · WHERE YOU ARE TODAY - Step 1 of 11

1. Which best describes your work life right now?

I work in a service/trade business
I am in a corporate or professional role
I currently own a business
I am between roles

2. How many years of hands-on experience do you have in your field?

Under 5 years
5 to 10 years
10 to 20 years
More than 20 years

3. Have you ever trained, led, or managed other people?

Yes, I have managed teams or crews
I have supervised a few people
Informally. People come to me when they need help
Not yet

five How a

4. How much are you prepared to invest in a business, including savings and financing?

$0 to $50,000
$50,000 to $100,000
$100,000 to $250,000
$250,000 to $500,000
$500,000 to $1 million
$1 million to $5 million

5. Where would most of that money come from?

Personal savings I have set aside for this
A mix of savings and financing, like an SBA loan or 401(k) rollover
Family, partners, or investors
I have not worked this out yet

If the business took 6 to 12 months to pay you a salary, could your household manage?

Yes, we have 12 or more months of living expenses covered
We could manage for 6 to 12 months
It would get tight after a few months
I have not run the numbers yet

6. What is the biggest reason you want to own a business?

To change my family’s trajectory and build something to pass on
To own my time and be more present at home
To replace my income and build long-term wealth
To stop hitting a ceiling working for someone else

7. Picture your life five years after opening. What do you see?

Running a single location full-time
Owning multiple locations or territories
A semi-passive business I oversee alongside my career
I am not sure yet. That is what I want to figure out

8. A franchise comes with a proven playbook. How does that sit with you?

That is exactly what I want. A system that already works
I think franchise playbooks are too restrictive
I would rather build things completely my own way
I am not sure what following a franchise system involves

9. When would you want to be in business?

Within 6 months
6 to 12 months from now
1 to 2 years from now
I am exploring. No set timeline yet

Your Franchise Fit Score is ready. Tell us where to send it.

✓
Your score, with a plain-English breakdown of what it means
✓
What your investment range realistically opens up in today’s franchise market
✓
Your three recommended next steps, based on your answers

IC

Irving Chung personally reviews every result. If your answers show a fit, he can reach out to offer a consultation.

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FranGuidance Irving Chung Guiding Your Future.

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