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Evidence Guide: BSBFRA501 - Establish a franchise operation

Student: __________________________________________________

Signature: _________________________________________________

Tips for gathering evidence to demonstrate your skills

The important thing to remember when gathering evidence is that the more evidence the better - that is, the more evidence you gather to demonstrate your skills, the more confident an assessor can be that you have learned the skills not just at one point in time, but are continuing to apply and develop those skills (as opposed to just learning for the test!). Furthermore, one piece of evidence that you collect will not usualy demonstrate all the required criteria for a unit of competency, whereas multiple overlapping pieces of evidence will usually do the trick!

From the Wiki University

 

BSBFRA501 - Establish a franchise operation

What evidence can you provide to prove your understanding of each of the following citeria?

Research feasibility of establishing a franchise operation

  1. Undertake research into franchising models
  2. Analyse existing business or planned concept to determine opportunity for expansion into franchise operation, seeking assistance as required
  3. Undertake market research on product or service
  4. Complete business plan for franchise operation
  5. Complete marketing plan for franchise operation
  6. Determine financial viability of proposed franchise operation
Undertake research into franchising models

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Analyse existing business or planned concept to determine opportunity for expansion into franchise operation, seeking assistance as required

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Undertake market research on product or service

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Complete business plan for franchise operation

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Complete marketing plan for franchise operation

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Determine financial viability of proposed franchise operation

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Plan for establishment of a franchise operation

  1. Secure financial backing for franchise operation
  2. Complete documentation of franchising operation according to legislative and regulatory requirements
  3. Define and document the roles and responsibilities of franchisor and franchisees
  4. Develop and document policies and procedures for franchisees and franchisors
  5. Determine and document resources required to commence franchise operation
  6. Develop and document recruitment, support and monitoring processes for franchise operation
Secure financial backing for franchise operation

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Complete documentation of franchising operation according to legislative and regulatory requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Define and document the roles and responsibilities of franchisor and franchisees

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop and document policies and procedures for franchisees and franchisors

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Determine and document resources required to commence franchise operation

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop and document recruitment, support and monitoring processes for franchise operation

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Implement plan for establishment of a franchise operation

  1. Undertake marketing of franchise operation
  2. Identify franchisees and formalise agreements
  3. Assist franchisees in developing a business and marketing plan
  4. Obtain resources to implement franchise operation
  5. Support and coordinate franchise operation
  6. Monitor franchise operation in accordance with agreement
Undertake marketing of franchise operation

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify franchisees and formalise agreements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assist franchisees in developing a business and marketing plan

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Obtain resources to implement franchise operation

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Support and coordinate franchise operation

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Monitor franchise operation in accordance with agreement

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Review implementation process

  1. Develop and implement a process to review the start-up of a franchise operation
  2. Evaluate practices used in start-up to identify improvements
  3. Implement identified improvements to all documented policies, procedures and practices
Develop and implement a process to review the start-up of a franchise operation

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Evaluate practices used in start-up to identify improvements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Implement identified improvements to all documented policies, procedures and practices

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1 Research feasibility of establishing a franchise operation

1.1 Undertake research into franchising models

1.2 Analyse existing business or planned concept to determine opportunity for expansion into franchise operation, seeking assistance as required

1.3 Undertake market research on product or service

1.4 Complete business plan for franchise operation

1.5 Complete marketing plan for franchise operation

1.6 Determine financial viability of proposed franchise operation

2 Plan for establishment of a franchise operation

2.1 Secure financial backing for franchise operation

2.2 Complete documentation of franchising operation according to legislative and regulatory requirements

2.3 Define and document the roles and responsibilities of franchisor and franchisees

2.4 Develop and document policies and procedures for franchisees and franchisors

2.5 Determine and document resources required to commence franchise operation

2.6 Develop and document recruitment, support and monitoring processes for franchise operation

3 Implement plan for establishment of a franchise operation

3.1 Undertake marketing of franchise operation

3.2 Identify franchisees and formalise agreements

3.3 Assist franchisees in developing a business and marketing plan

3.4 Obtain resources to implement franchise operation

3.5 Support and coordinate franchise operation

3.6 Monitor franchise operation in accordance with agreement

4 Review implementation process

4.1 Develop and implement a process to review the start-up of a franchise operation

4.2 Evaluate practices used in start-up to identify improvements

4.3 Implement identified improvements to all documented policies, procedures and practices

Required Skills and Knowledge

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1 Research feasibility of establishing a franchise operation

1.1 Undertake research into franchising models

1.2 Analyse existing business or planned concept to determine opportunity for expansion into franchise operation, seeking assistance as required

1.3 Undertake market research on product or service

1.4 Complete business plan for franchise operation

1.5 Complete marketing plan for franchise operation

1.6 Determine financial viability of proposed franchise operation

2 Plan for establishment of a franchise operation

2.1 Secure financial backing for franchise operation

2.2 Complete documentation of franchising operation according to legislative and regulatory requirements

2.3 Define and document the roles and responsibilities of franchisor and franchisees

2.4 Develop and document policies and procedures for franchisees and franchisors

2.5 Determine and document resources required to commence franchise operation

2.6 Develop and document recruitment, support and monitoring processes for franchise operation

3 Implement plan for establishment of a franchise operation

3.1 Undertake marketing of franchise operation

3.2 Identify franchisees and formalise agreements

3.3 Assist franchisees in developing a business and marketing plan

3.4 Obtain resources to implement franchise operation

3.5 Support and coordinate franchise operation

3.6 Monitor franchise operation in accordance with agreement

4 Review implementation process

4.1 Develop and implement a process to review the start-up of a franchise operation

4.2 Evaluate practices used in start-up to identify improvements

4.3 Implement identified improvements to all documented policies, procedures and practices