Welcome to the Prospect Franchisor Certificate training course..
The British Franchise Association (bfa) is the source of impartial information on all things franchising. It’s the self-regulatory body for the ethical franchise sector, setting and maintaining standards which are respected around the world.. A central part of the bfa’s work is educating business owners and potential franchisors alike around the benefits and successes that franchising can offer, giving you the best chance of flourishing into a nationwide brand... That understanding is essential for every prospective franchisor and we’re here to help you to recognise the strategies you need to succeed and the necessary skills and business culture required to be a successful franchise operation... By the end of this course, you’ll be fully prepared on all aspects of franchising, with the focus and purpose required to understand the structure, through to the legal and financial considerations. The Lloyds Bank franchising team will provide you with detailed insights into the financial and funding aspects. You’ll hear from franchisors on their first-hand experiences of expanding through franchising, from the early mistakes to avoid, to their pinnacle achievements... Developing your business through franchising can provide growth that you couldn’t even dream of through growing organically, but it is not an overnight process. It is vital to plan the process properly, get the right professional advice and have the right support and finance in place to see it through. If done properly this could be one of the most successful strategic decisions that your business makes.