Training Central has unveiled a new initiative offering a nationally recognised Certificate IV in Entrepreneurship and New Business.
This qualification provides a consistent approach to learning and can be an add-on to franchisors’ specific training.
Training Central founder Kate Baring said “This will not only give franchisees a rounded perspective of franchising, and the business they operate in, it will hopefully help them stay alive in business. There is a significant link between education and business success.”
Baring aims to help franchisees apply their learnings to their own business, with a competency-based course focused on real-world-application.
The course consists of 10 core modules that provide participants with the necessary tools, workbooks, and materials specific to franchising.
Participants will use live information from their chosen franchise to develop strategies to market, plan for customer retention and sales growth. The course enables them to plan and understand key financial benchmarks, including developing a business plan.
Training Central launches a module-based course
The participants must provide evidence they can do the tasks set, such as preparing and submitting their business plan and research. The module-based course includes mentoring workshops followed by an assessment and takes six months or less to complete.
Franchise expert and author Dr Jan Timms will deliver the live mentoring sessions.
Baring said “This course creates a foundation for success built on a franchise context. And it is delivered by someone who has lived and breathed it for a long time.”
Training Central’s rolling course can accommodate 10 new participants every month so that franchisors can slot in a new franchisee at any time. Alternatively, franchisors can contact Training Central to discuss running this course specifically for their franchisees.
The course is Franchise Council of Australia accredited and is worth 2000 points towards the Certified Franchise Executive qualification.
