This quiz is designed to test your knowledge of these modules of the “The Franchise Model” lessons in the Management Skills Courses, specifically;- What is a franchise? What are the advantages and disadvantages of franchising? Choosing a suitable franchise partner Franchise business information and plan There are ten questions some of which are “tick all…

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Ian Hughes, Travel Counsellors. “We offer a friendly, one to one travel service – a personal relationship with an experienced travel expert who cares about you and your journey” I began my franchising journey a little under a year ago now, looking for a career change but knowing that the area I wanted to move…

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To complete a registration application with Franchise regulators you will be required to provide a significant amount of information about the proposed business. You are likely to be asked for a complete business plan, perhaps audited financial statements, a detailed operating manual for franchisees, and accounts of the management team’s profile and business experience. One…

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As a potential franchisee, what should you be looking for in a franchisor? You need to be really sure about your investment. You are going to give up your job, with associated benefits, and pay to join a new business you know nothing about and where you have to closely follow a set of rules…

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Advantages The advantage of the system is that there is a blue print for success, a track record and proven formula. The process is highly regulated by the franchisor so that the success can be replicated by the franchisee. The Franchisor must invest in an infrastructure that can service the training and support needs and…

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A franchise is the right to use a successful business model and trademark in return for a fee, It is the granting (by the franchisor to the franchisee) of the right to use an identified business system, with a particular name or trade mark, within an agreed territory, for an agreed term. The license grants…

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