M
ore and more people are looking to exit the rat race and take control of their destiny via business ownership.
More businesses are looking at growth strategies that present a lower financial risk, and more entrepreneurs are recognising the benefit of setting up management frameworks that can operate a number of business models. At the heart of this trend is franchising, enabling a broad range of people to achieve the lifestyles and investment returns they are looking for. As with any spike in popularity
there comes the need to emphasise the importance of education, to both assist new entrants to the space and protect the industry, its quality and reputation. This is why the bfa’s Franchise Training Academy and the support it offers is critical for the franchising industry, along with any people and brands operating within it. As the ethical voice and the self-
regulating body of the franchise industry, the bfa is ideally placed to educate you about the opportunities, risks and rewards of franchising so that you can make informed choices. There are a range of bfa courses with a variety of subjects and durations, from introductory day seminars through to the structured and ‘gold standard’ course, leading to a formal and personal accreditation, the qualified franchise professional (QFP).
Full-day, cost-effective courses for prospective franchisees and franchisors are run regularly throughout the UK
The aim of these courses is to help arm those interested in joining the industry with foundation information and top tips on what to watch out for when taking the leap. For anyone interested in investing in a franchise, prospective franchisee seminars are designed and run by the bfa. Franchise industry experts explain the opportunities available and how to
assess yourself, the franchisor and the marketplace. The aim of the seminar is to give you the key steps you need to consider so you can decide if franchising is right for you. If you already have a business and are considering using the franchising model to expand and grow, the prospective franchisor seminars are ideal for you. These seminars are designed to help you decide if franchising is the right next move for your brand and to understand the key considerations in developing a successful franchise operation. Franchise industry experts explain the key steps you must consider, together with the advantages and disadvantages of franchising your business.
“The bfa’s Franchise Training Academy and the support it offers is critical for the franchising industry... The aim of the courses is to arm those interested in joining the industry with foundation information and top tips on what to watch out for when taking the leap”
Free module-based training for prospective franchisees and franchisors to complete online The bfa’s prospect franchisee certificate (PFC), in association with Lloyds Bank, was launched in 2016 to help those considering investing in a franchise to make an informed decision on whether franchising is right for them and how to find the right brand to invest in. Working with expert professional advisers from the industry, the bfa covers the responsibilities of a franchisee, the finances of a franchise
and why you should get your franchise agreement checked before you sign. Pip Wilkins, CEO of the bfa, says: “Every good franchisor is extremely selective about franchisee recruitment. The PFC supports people in this area, helping them understand what the franchisor is looking for and developing their knowledge of ethical franchising.” The bfa team are currently developing
the prospect franchisor certificate, in association with Lloyds Bank, to provide the same quality training to business owners who are considering taking the leap into franchising. The bfa’s Franchise Training Academy and the support it offers is critical for the franchising industry.
Specialist franchise training for professionals within the industry The QFP programme has been specifically developed for people working within the franchising industry who want to demonstrate their experience, understanding and ethical approach to franchising. Established in 2011, the QFP is the
bfa’s formal recognition of professional knowledge and experience. Attaining it demonstrates a deep understanding of the complexities and best practice in franchising, and the time invested by an individual to continuously develop their skills and know-how. With around 140 bfa-trained QFP
professionals within the industry and a similar number currently going through the process, the accreditation is well established as the foremost qualification available to an individual in franchising. Recently, the bfa decided to bring
the core training modules in-house. This enables the bfa to further ensure the consistency of the training and materials in order to grow the reputation of the qualification within the wider business community.
To find out more about what the Franchise Training Academy can offer you, visit the association’s website:
thebfa.org/training-research.
April 2018 |
BusinessFranchise.com | 13
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100 |
Page 101 |
Page 102 |
Page 103 |
Page 104 |
Page 105 |
Page 106 |
Page 107 |
Page 108 |
Page 109 |
Page 110 |
Page 111 |
Page 112 |
Page 113 |
Page 114 |
Page 115 |
Page 116 |
Page 117 |
Page 118 |
Page 119 |
Page 120 |
Page 121 |
Page 122 |
Page 123 |
Page 124 |
Page 125 |
Page 126 |
Page 127 |
Page 128 |
Page 129 |
Page 130 |
Page 131 |
Page 132
