Becoming a franchisee is an exciting venture – you’ve found a way of combining your passion with the opportunity to build your own business, in a proven way.
Understandably, there will be plenty of franchising elements that are unfamiliar to you, from learning about the business structure and operations to recruitment and sales.
The great thing about being a franchisee is that you have the full support of the franchisor and receive proper training, not just to get your business up and running, but for the entire time you own the franchise.
So, what does this mean in terms of training courses and ongoing support? All franchise networks are different and have their own appropriate training for their business. After all, it’s in their interest to make sure franchisees are fully prepared to run their own business, as ultimately franchisors will want to ensure high-quality service across all territories as well as consistency of brand values.
At Premier Education, we have a thorough franchise training and support programme for our franchisees. In this article, we hear from Head of Sales, Glenn Hoy and Franchise Support Director Karl Fox about the process for onboarding new franchisees, once the franchise agreement has been signed, and the ongoing training and support that’s provided.
“The first thing we action for any new franchisee coming on board is to set up their business dashboard,” explains Karl. “This plan distils the franchisee’s short, medium and long-term strategy as well as KPIs. We work closely with the franchisee to get this completed so they have clear visibility of their business objectives.
“Having this one-page plan is vital as it clarifies exactly what the franchisee wants from the business; the direction they want to take the franchised business, but also to make sure they are aligned with our overall brand.”
Glenn continues: “The initial and ongoing training is over 14 months and covers all of the key disciplines, including sales, marketing, finance and recruitment.
“However, before this starts, we take time to get to know the new franchisee to understand their strengths and weaknesses and identify any areas where they may need additional training.”
Of course, we are always on-hand here at head office, but for a new business, nothing beats the advice from someone in the same position as you!
Enter your email to receive our latest newsletter.
Don't worry, we don't spam