Free on-line training course for prospective franchisees

The Franchise Association of New Zealand Inc. (FANZ), the peak body for the $20 billion franchising sector, has launched a free on-line training course in association with Massey University that can be accessed through the FANZ web site: www.franchiseassociation.org.nz

Although there are almost 24,000 independently owned New Zealand businesses operating in a franchised format, up to now there has been no New Zealand based pre-entry education programme for people considering buying a franchise. The availability of relevant information is part of the total solution for greater informed decision making by prospective franchisees.

In recognition of the benefits of such a course, some funding was provided by the Ministry of Innovation, Business and Employment towards the initial production costs.

Franchising research in Australia has previously found that improved pre-entry education is likely to have significant positive impact on the franchise sector. One key study found that 71.3% of respondents felt completion of pre-entry education should be a mandatory requirement before entering a franchise agreement. 

Principal author of the 5 module course is FANZ Affiliate Member, Franchize Consultants, with contributions from other key FANZ Member experts from the banking, legal, accounting and property leasing sectors.

Each module incorporates a mixture of downloadable text and short videos followed by a self-assessment questionnaire. Completion of a module allows access to the next in the series, with Massey University providing a Certificate of Participation to individuals who complete all 5 segments.