Study to be a franchisee? Yes, you can! An increasingly popular field of study overseas, educational institutes are teaching eager wannabe or existing franchisees all they need to know about owning and operating a franchise. Time to give yourself the edge and bump up your life experience and on-the-job training with a formal franchise course…
Do I need a tertiary qualification to be a franchisor?
While every franchise has its own particular criteria, having a tertiary qualification is not necessarily one of them. Often, franchisors emphasise experience, industry skills and character over formal qualifications, although they do add that having a tertiary qualification in Business Management or Franchise Management may be an advantage.
What will I learn on a franchise course?
Franchise courses typically cover aspects of owning and operating a franchise, including:
- The franchise model and how it works
- Legal aspects – including the Competitions Act, the Consumer Protection Act, the National Credit Act and the legal requirements for franchising
- Marketing and promoting a franchise
- Franchise relations and quality control
- Franchise business planning and strategy
- Franchise management
- Financial management.
Who runs franchising courses in South Africa?
Although many credible international institutions offer courses in franchising up to a postgraduate degree level – for example, Georgetown University’s Certificate in Franchise Management – South African higher education institutes have been slow to offer courses focusing specifically on franchising. Here’s a small selection of what’s on offer locally:
Author: Franchise Finder, Online Directory of Franchises and Business Opportunities in South Africa