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This certified course is designed to provide you with the information you need to become a successful franchise owner from taking the decision to become a franchise owner to setting up and running your new venture.
The course is split into the following modules and lessons |
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| Module One: Introduction to Franchising, is Franchising for you? |
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- What is franchising?
- The Franchise relationship, some franchising myths
- Franchising how it started, the size of today's UK market
- What's needed to be a good franchise owner
- Key supporting players in the industry
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| Module Two: The cost of buying a Franchise and the availability of finance |
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- Start-up costs
- Raising the capital
- Banks lending criteria
- Business plan
- Essential accounting knowledge
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| Module Three: The Franchise Agreement and other franchise documents |
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- An overview of the Agreement
- The Agreement and how it affects the franchise owner at the start
- Managing your franchise with help from the Franchisor
- Managing your Franchise, the Franchise Owner's responsibilities
- Fees and other matters noted in the agreement
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| Module Four: Getting started, finding the right franchise |
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- What we know so far? (self help questions)
- Suggested answers to self help questions
- Questions to your franchisor
- Staffing issues
- Selecting a site
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| Module Five: Franchise selection and development |
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- Selecting your franchise
- Attracting and keeping customers
- Marketing
- Working with your franchisor and fellow Franchise owners
- Common problems you may encounter
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