{"id":16773,"date":"2015-07-16T23:26:13","date_gmt":"2015-07-16T23:26:13","guid":{"rendered":"https:\/\/www.thefranchiseking.com\/?page_id=16773"},"modified":"2022-04-29T16:53:51","modified_gmt":"2022-04-29T20:53:51","slug":"free-franchise-risk-quotient-calculator","status":"publish","type":"page","link":"https:\/\/www.thefranchiseking.com\/free-franchise-risk-quotient-calculator","title":{"rendered":"Free Franchise Risk Quotient Calculator"},"content":{"rendered":"<p><a href=\"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/steep-59686_640.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-16774\" src=\"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/steep-59686_640-620x465.jpg\" alt=\"risk calculator\" width=\"859\" height=\"511\"><\/a><\/p>\n<p>Buying a franchise can be risky.<\/p>\n<p>Ignore some of the stuff you see that&#8217;s still (<em>unbelievably<\/em>) spewed out by a few franchise industry folks.<\/p>\n<p>Franchise ownership is not less risky than independent business ownership. But, there <em>are<\/em> ways to lower your risk.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Like:<\/strong><\/p>\n<p>1. Choosing a franchise that provides ways for you to use your top skills<\/p>\n<p>2. Staying within your budget<\/p>\n<p>3. Keeping your spouse\/partner in the loop during the franchise discovery process<\/p>\n<p>4. Hiring professionals like franchise attorneys and small business accountants<\/p>\n<p>5. Drawing up a formal business plan<\/p>\n<p>Things like that. There <em>are<\/em> a few more things you can do, but you get my drift.<\/p>\n<p>&nbsp;<\/p>\n<h2>Free Risk Calculator<\/h2>\n<p>How much risk are you willing to take to reach your goals&#8230;your dreams?<\/p>\n<p>A lot? A little? Somewhere in the middle?<\/p>\n<p>I&#8217;ve devised a way for you to determine what I&#8217;ve named your <strong>Franchise Risk Quotient<\/strong> <em>FRQ<\/em>.<\/p>\n<p>Years in the making, this Risk Calculator-when used correctly, will provide you with your very own personal <strong>Franchise Risk Quotient (<em>FRQ<\/em>)<\/strong>.<\/p>\n<p>Your FRQ is yours, and yours alone. It will help you focus on the types of franchise opportunities to investigate. By &#8220;<em>types<\/em>&#8221; I&#8217;m referring to models. Things like single unit franchise opportunities, and multi-unit franchise opportunities. Maybe even Master Franchises, where you go in and purchase a massive territory-where you&#8217;re almost the actual franchisor.<\/p>\n<p>Are you ready to use my <strong>Free Franchise Risk Quotient Calculator<\/strong>?<\/p>\n<p><b>Step 1:<\/b> Stare at the image below for 10 seconds. It will help you get in a &#8220;<em>franchise<\/em>&#8221; state of mind.<br \/>\n&nbsp;<br \/>\n&nbsp;<br \/>\n<iframe loading=\"lazy\" src=\"\/\/giphy.com\/embed\/3o85xnIaq3MG1MqUDu\" width=\"480\" height=\"480\" frameborder=\"0\" style=\"max-width: 100%\" class=\"giphy-embed\" webkitallowfullscreen=\"\" mozallowfullscreen=\"\" allowfullscreen=\"\"><\/iframe><br \/>\n&nbsp;<br \/>\n<b>Step 2:<\/b> In your head, answer this question:<\/p>\n<p><strong>On a scale of 1-5, with &#8220;<em>5<\/em>&#8221; being you&#8217;d probably <a href=\"https:\/\/www.thefranchiseking.com\/quotes-on-risk-taking\" target=\"_blank\" rel=\"noopener\">try skydiving<\/a>, and &#8220;<em>1<\/em>&#8221; being you&#8217;d rather work in the same place for 30 years if at all possible- and then retire after those 30 years, what&#8217;s the number you come up with?<\/strong><\/p>\n<p>Think carefully. Make sure you&#8217;re comfortable with your choice.<\/p>\n<p><b>Step 3:<\/b> Scroll Down<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>See What Your Number Means&#8230;What Your Franchise Risk Quotient Is<\/p>\n<p>&nbsp;<br \/>\n<a href=\"https:\/\/www.thefranchiseking.com\/impartial-franchise-guidance\" target=\"_blank\" rel=\"noopener\"><br \/>\n<img decoding=\"async\" src=\"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/featured-listings.png\" alt=\"risk calculator\" border=\"0\"><br \/>\n<\/a><br \/>\n&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><strong>The Scoring Key:<\/strong><\/p>\n<p><strong>1<\/strong>&nbsp;&#8211; You are <strong>not<\/strong> a risk-taker. <em>Not at all<\/em>. You should never visit this website again. Franchise ownership? It will <em>never<\/em> happen in your lifetime.<\/p>\n<p><strong>2<\/strong>&nbsp; -You would<em> rather avoid risk<\/em>, but you <em>may<\/em> take a risk if enough things line up in your favor.<\/p>\n<p><strong>3<\/strong>&nbsp; -You&#8217;re not <em>totally<\/em> comfortable with risk, but if the rewards are high enough, you&#8217;ll seriously consider doing something you feel is fairly risky.<\/p>\n<p><strong>4<\/strong>&nbsp; -You <em>are<\/em> comfortable with risk. You&#8217;ll do your homework before you jump into anything risky, but you&#8217;ll (<em>8 times out of 10<\/em>) jump.<\/p>\n<p><strong>5<\/strong> &#8211; <em>You welcome risk<\/em>. You probably <em>have<\/em>&nbsp;skydived or have done something similar. You&#8217;ll face risk head on and take it on just about every time.<\/p>\n<p>Well?<\/p>\n<p>What was your <strong>Franchise Risk Quotient<\/strong>?<br \/>\n&nbsp;<br \/>\n<b>Step 4:<\/b> Determine if you&#8217;d like some help figuring out what types of franchises and what franchise models you should be looking into-that match your <b>Franchise Risk Quotient<\/b>.<\/p>\n<p><b>Step 5:<\/b> You should <a href=\"https:\/\/www.thefranchiseking.com\/freeconsult\" target=\"_blank\" rel=\"noopener\">schedule a complimentary call with me<\/a>. Maybe I can answer a question or two about choosing, researching, and\/or buying a franchise.<br \/>\n&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Buying a franchise can be risky. Ignore some of the stuff you see that&rsquo;s still (unbelievably) spewed out by a few franchise industry folks. Franchise ownership is not less risky than independent business ownership. But, there are ways to lower your risk. &nbsp; Like: 1. Choosing a franchise that provides ways for you to use [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"","meta":{"_mo_disable_npp":"","footnotes":""},"class_list":["post-16773","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Risk Calculator Franchise Buyers Can Use For Free<\/title>\n<meta name=\"description\" content=\"If you&#039;re buying a franchise-or thinking about it, use my free Risk Calculator to determine your risk quotient. Free from The Franchise King\u00ae\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.thefranchiseking.com\/free-franchise-risk-quotient-calculator\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Free Franchise Risk Quotient Calculator\" \/>\n<meta property=\"og:description\" content=\"If you&#039;re buying a franchise-or thinking about it, use my free Risk Calculator to determine your risk quotient. 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