• Skip to main content
  • Skip to header right navigation
  • Skip to site footer
franchising consultants nz

Franchize Consultants will help you franchise a business

Contact us for a free no obligation meeting to discuss how to franchise a business or improve your existing franchise. Call 09-523 3858 our book online.

  • About Us
    • Our Team
    • Why Franchize Consultants?
    • Mission and Values
  • Franchising a Business
    • How to Franchise your Business
    • The Franchise Advantage
    • Franchising Suitability
    • Franchising and Licensing Seminar
  • Franchisor Services
    • Franchise Review
    • Franchise Support Programme
    • Satisfaction Surveys & Research
    • Franchise Manuals
    • Franchise Management Training
    • Franchise Advisory Councils
    • Field Visit Support
    • International Franchising
  • Training
    • Franchise Field Visit Foundations
    • Improving Franchisee Performance
    • Franchisee Business Planning
    • Managing a Franchise System
  • Resources
    • News and Resources
    • How to Franchise Guide
    • Best Practice Book
    • Best Practice 500 Series
  • Contact
    • Free Assessment Meeting

Prospective Franchisees Complete Pre-Entry Training

June 4, 2019 by Callum Floyd

\"\"

Anyone considering buying a franchise business should complete a pre- entry training programme, provided free of charge in many countries. In New Zealand, a free pre-entry training programme is provided online by the Franchise Association of New Zealand (FANZ).

The programme covers many important areas critical to potential franchisees, like understanding franchising, the money side, franchise system structures, start-up support and training, franchise operations and ongoing support, and due diligence. The programme suggests a pathway for considering franchising (including franchising self-reflection), franchise due diligence and the purchase process.

Research tells us that good pre-purchase education and due diligence (including wide use of advisors) is associated with greater levels of franchisee satisfaction and/or reduced franchising conflict long-term. That is logical because good knowledge and education provides for better decisions, franchise fit and operating expectations.

Some best practice franchisors will require potential franchisees to demonstrate completion of pre-entry training – before allowing potential franchisees to advance through the franchise recruitment and discovery process.

Relevant questions:

  • Have you completed pre-entry training as part of your franchise purchase process?
  • What questions will you ask of yourself, target franchisors (and their existing franchisees), and the advisors you may engage, as part of the due diligence and purchase process?

About the Franchising Best Practice 500 Series

\"Franchise

This is part of a series of franchising best practices. Franchize Consultants is sharing and publishing these best practices weekly for the betterment of franchising. We know that better knowledge and execution of franchising best practices leads to bigger and more valuable franchisor and franchisee businesses.

We have assembled the first 40 best practices into The Best Practice Handbook, which is available for purchase.

\"\"

You can make contact with us on +64 (0) 9 523 3858 or via the contact form below for any further information. You can also connect with us on Facebook, LinkedIn and Google.

Oops! We could not locate your form.

Category: Blog, Franchise Best Practice

About Callum Floyd

Our Managing Director, Dr Callum Floyd, served on the FANZ board in various roles for nearly a decade, and Franchize Consultants continues its long-term support of FANZ in any way it can. We’re strong believers in the value of FANZ’s firm codes of practice and ethics, and for this reason recommend our franchisor businesses consider FANZ membership.

Previous Post: « Governance Structure Fit
Next Post: Review Franchise Employment Compliance Structure »

Get in Touch

Call 09 523 3858

Email enquiry

Office Address

Franchize Consultants (NZ)
Suite 4, Level 1, 27 Gillies Avenue, Newmarket, Auckland, New Zealand.

Franchising a Business

The Franchise Advantage

How to Franchise Your Business

Download Free Franchise Guide

Franchise Best Practice Book

Franchisor Services

Franchise System Review

Franchise Manuals

Satisfaction Surveys and Research

Franchise Training

Connect with us

  • Facebook
  • Google
  • LinkedIn
  • Instagram

Email Newsletter

Sign up to get free resources, tips, and franchising news.

“Franchize Consultants have been proudly serving New Zealand for 30 years.”

    Six times winner of Westpac New Zealand Franchise Awards.

    Founding member since inception of the Franchise Association of New Zealand.

    Copyright © 2022 · Franchize Consultants (NZ) · All Rights Reserved