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Franchise Education: 'Buying a Franchise' Pre-Entry Franchise Education
Are you thinking of buying a franchise? FREE franchise education is now available to help you assess franchise business opportunities, before buying a franchise business.
Before buying a franchise business it’s important you know how to correctly assess franchise business opportunities to ensure you make the right choice. Register now for the FREE ‘Buying a Franchise’ Pre-Entry Franchise Education Program, and give yourself the foundations for business success, before you buy a franchise business.
Even if you’ve already started looking for a franchise to buy, you’ll still benefit from this ‘buying a franchise’ education program, kindly sponsored by the Australian Competition and Consumer Commission (ACCC).
Knowing what’s involved with franchising, before deciding which franchise to buy, is the best insurance you can give your franchise business - and now you can learn for free.
Understand Buying a Franchise Business - before you buy
By understanding more about buying a franchise business - including what to look for when assessing franchise opportunities before you decide which franchise to buy - you may reduce your risk of unrealistic expectations and nasty surprises arising after you buy a franchise.
By completing just five, 45 minute eClass modules - which make up the ‘buying a franchise’ education program - you will have access to the tools and knowledge to assist you to make the best decision for you on which franchise to buy, before you buy a franchise.
‘Buying a Franchise’ Education Program Structure
The first eClass module will be delivered direct to your inbox. At the end of the module is the link to the following module, until all five modules have been completed. Each eClass module consists of a combination of written, video and audio information and interviews.
While the eClass modules don’t tell you which franchise to buy, they provide tools you require to make an informed choice when buying a franchise business.
Each module includes an assessment quiz to test your understanding of what’s involved in buying a franchise, and if you pass you’ll receive a Certificate of Completion to demonstrate your participation in the franchise education program.
Register now for the ‘Buying a Franchise’ Pre-Entry Franchise Education Program.
‘Buying a Franchise’ Education Program content:
‘Buying a Franchise’ Pre-Entry Franchise Education Module One
What is Franchising: The size and scope of the franchise sector in Australia; and how franchising differs from other business opportunities.
Advantages and Disadvantages of Franchising: Why franchising appeals to franchisors and franchisees; and the downsides of franchise business opportunities.
The Franchising Code of Conduct: The purpose of the Code; Key provisions you need to be aware of when buying a franchise and their implications for franchisees (after you buy a franchise).
The Role of the ACCC and Other Regulatory Bodies: The ACCC and the Trade Practices Act; and ASIC, IP Australia, and state development bodies.
‘Buying a Franchise’ Pre-Entry Franchise Education Module Two
Understanding Franchise Disclosure: The difference between Annexure 1 and Annexure 2 disclosure; and what should be disclosed and when.
The Franchise Agreement: Common provisions of franchise agreements and their implications for franchisees; and consequences of breaching a franchise agreement.
Franchise Fees & Royalties: Types of upfront fees; and types of royalties and how they are paid, which is important information to know when assessing franchise business opportunities and whether to buy a franchise.
Finance: Financing, cashflow and ongoing franchise costs; other costs under a franchise; understanding bank accreditation of franchise systems; and the difference between profit and cashflow.
‘Buying a Franchise’ Pre-Entry Franchise Education Module Three
Franchise Support Services: What types of support may be provided after you buy a franchise; and maximising the benefits of franchise support.
Site & Territory Selection: General principles of site or territory selection; and exclusive and non-exclusive territories which you need to consider when buying a franchise.
Retail Leasing: Common franchise leasing practices; and negotiating a property lease before buying a franchise.
Franchise Marketing Funds: The purpose of centralised marketing; and the requirement of local area marketing.
‘Buying a Franchise’ Pre-Entry Franchise Education Module Four
Franchising Intellectual Property: Understanding what is intellectual property; trademarks, copyright and internet domains; Who owns Intellectual Property developed under a franchise?
The Franchise Operations Manual: The operations manual as an extension of the franchise agreement; types of operations manuals and their evolving nature.
Franchisor / Franchisee Relationship: Understanding the nature of the relationship; and the e-Factor before buying a franchise so you know what to expect.
Dispute Resolution: Types and causes of franchise disputes; and mediation and the Office of the Franchising Mediation Adviser (OFMA).
‘Buying a Franchise’ Pre-Entry Franchise Education Module Five
Questions to ask Franchisors, Existing Franchisees and Ex-Franchisees: Assessing the franchisor; and assessing franchise business opportunities by contacting current and former franchisees, when buying a franchise.
Additional Due Diligence: Other factors to assess in considering buying a franchise; and how much time and cost to allocate to your due diligence before you buy a franchise.
Useful Business Skills: A summary of desirable skills or training that may not be provided by the franchisor; and financial literacy, business reporting, HR, etc you may require before buying a franchise.
Assessing Your Suitability as a Franchisee: Understanding the commitment and compromises of franchising; and methods of assessing franchise business opportunities before you buy a franchise.
Register now below, and we’ll email you Module One: What is Franchising direct to your inbox immediately.
At the end of the module you can then access the following module until all five modules have been completed.
Start your path to franchise business success — know what you need to be looking for when buying a franchise and accurately assess franchise business opportunities to buy a franchise business that’s right for you.
Register for free 'buying a franchise' pre-entry franchise education now!
Please view Pre-Entry Franchise Education Program Disclaimer here.
Please note: We will never sell or share your contact details so your privacy is protected.