Written by Franchize Consultants, 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.
The Importance of Franchise Education and Due Diligence
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.
Great Franchisors will Require Franchisees Get Advice and Training
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.
Free FANZ Training Modules
The free franchisee training program is wide ranging covering more than 30 topics under the following five module headings:
- Module 1: Franchising Basics
- Module 2: The Money Side
- Module 3: The System & Start-up
- Module 4: Operating & Support
- Module 5: Due Diligence
Completing the course should take between two and three hours, which you can complete in your own time.
Get Your Franchise Training Certificate
Complete the free training, answer the questions correctly, and you will receive a Certificate of Completion.
For more information visit the FANZ website: https://franchiseassociation.org.nz/online-course/
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