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Are you thinking of buying a franchise? FREE franchise education is now available.

Knowing what’s involved with franchising, before deciding which franchise to buy, is the best insurance you can give yourself – and now you can learn for FREE.

Are you thinking of buying a franchise? FREE franchise education is now available to help you assess franchise business opportunities, before buying a franchise business from Griffith University.

Recent Centre research Survival of the Fittest: the performance of franchised versus independent small business during economic uncertainty and recovery* discovered that franchises and small businesses overlooked critical issues in their business management that may lead to business failure.

Contractual Understanding, Partnerships, Expectations, and Debt Levels were identified as being the most critical areas, yet it was revealed that most failed business owners were lacking in knowledge in one (or more) of these areas.

Knowing what these issues are before buying a franchise or small business is the best insurance you can give your business. Now, you can watch the four free animated eClasses below to improve your business management knowledge.

Free Franchise Education

Franchise and Small Business Survival eClass Overviews

eClass 1: Contractual Understanding

Duration: 8 minutes 38 seconds  

You’ll learn:

  • What a contract is, and what prospective business owners should look out for
  • How to understand two of the most important agreements in business and franchising: Franchise Agreements and Lease Agreements

eClass 2: Expectations

 Duration: 9 minutes 35 seconds

You’ll learn:

  • Expectations of business owners when buying their business or franchise
  • Expectations to be managed in a business or franchise
  • Expectations of your customers
  • Mutual expectations between franchisee and franchisor

eClass 3: Debt

Duration: 8 minutes 5 seconds

You’ll learn:

  • What debt is
  • What debt does for a business
  • How much debt is enough
  • Sourcing debt

eClass 4: Partnerships

Duration: 7 minutes 46 seconds

You’ll learn:

  • Why should prospective business owners consider a partnership?
  • How to keep the relationship healthy
  • Issues to address when entering a partnership
  • The risks that come with partnership

The next step: If our eClasses have struck a chord and you’d like to learn more about getting established in franchising or small business, make sure you check out our Franchise Business Management Essentials online program.

*The ‘Survival of the Fittest Research’ funded by the Australian Research Council, The Treasury, and Franchise Council of Australia.

To Do WAHM

To view the whole EClass, watch videos and download class notes please follow this link here to Griffiths University

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