Elements and Performance Criteria
- Research feasibility of establishing a franchise operation
- Undertake research into franchising models
- Analyse existing business or planned concept to determine opportunity for expansion into franchise operation, seeking assistance as required
- Undertake market research on product or service
- Complete business plan for franchise operation
- Complete marketing plan for franchise operation
- Determine financial viability of proposed franchise operation
- Plan for establishment of a franchise operation
- Secure financial backing for franchise operation
- Complete documentation of franchising operation according to legislative and regulatory requirements
- Define and document the roles and responsibilities of franchisor and franchisees
- Develop and document policies and procedures for franchisees and franchisors
- Determine and document resources required to commence franchise operation
- Develop and document recruitment, support and monitoring processes for franchise operation
- Implement plan for establishment of a franchise operation
- Review implementation process