How to Evaluate a Franchise Training Program Kentucky

If you are ready for a career change via franchising, the training a franchise offers is one of the most important areas you need to look at when researching a franchise opportunity.


1 . Local Companies

FranNet
1-800-FRANNET
10302 Brookridge Village Blvd. Suite 201
Louisville, KY
Compton Law Office
502-618-3870
455 S. 4th St. Suite 380
Louisville, KY
Morrison Robert J
502-587-0304
310 W Liberty, Ste 410
Louisville, KY
David Schechter
502-592-9771
4965 US Hwy 42, Suite 1000
Louisville, KY
Law Offices Of Schiller, Kessler, Crooks & Gomez
502-583-2929
401 W Main St
Louisville, KY
Robert F. Ristaneo
859-266-0749
1025 Dove Run Rd Ste 107B
Lexington, KY
Spencer Law Group
859- 252-4357
535 Wellington Way Ste 330
Lexington, KY
Clark Law Office, Inc
859-219-1280
851 Corporate Dr #310
Lexington, KY
Charles W Gorham
859-255-2711
3151 Beaumont Centre Circle Ste 202
Lexington, KY
Mpcg Inc
859-737-0904
1476 W Lexington Ave
Lexington, KY

2 . We no longer live in a one-career society

My friend’s grandfather had the same job his whole life. His father had two. I’ve already made four major career changes and have over 20 years left in the workforce. Studies suggest that my teenage children may have between six and 12 careers in their lifetime.

With the cyclical nature of the economy and the impact technology has on so many industries, there is no longer any certainty that a job will take a person from graduation through retirement. Besides – many people really enjoy the challenge of a taking on a new career.

Bankers take off their suits and become lawn care experts. Doctors become fried chicken moguls and teachers get remade as pet groomers. How do they make the transition? Many times through the power of franchising. And one of the bonuses you’ll discover about franchising is that they can train you to excel in a job you’ve never done before!

3 . Franchising: novices welcome

If you are ready for a career change via franchising, the training a franchise offers is one of the most important areas you need to look at when researching a franchise opportunity.

You’ll find that a good franchise system will take pride in their training programs because, through the payment of royalties, your success becomes their success.

And guess what? Most franchises don’t require you to have experience in their field. In fact, many don’t even want a franchisee with previous industry experience. Because the systems of a franchise are structured for maximum success, previous industry experience often gets in the way when training a new franchisee.

4 . Evaluating a franchise training program

As part of your due diligence when researching a franchise opportunity, find out everything about the training a franchise system provides. A good training program should cover not only the product or service but also setting up the business, marketing, employee management, business procedures, reporting, etc.

The best way to find out about the scope of the training program is to ask existing franchisees. Find out what stood out about the training they received and what they feel could have been covered more completely. Ask them how prepared they felt when they opened their business and what ongoing training they have been provided.

Keep in mind that the franchisees you talk with may have been through various versions of the training program. Problems that existed at one time may have been fixed. Or, you may find that a training program that was fine in a company’s early days is now out-of-date. Be sure to include in your research franchisees who have had the same training you will receive to get an accurate assessment of its value.

Training may have been adjusted over time as the business becomes more complex, so an operations manual is a valuable resource, particularly if the franchisor updates the information periodically. Find out if the franchisor has other training support sources like conference calls or intranet sites.

5 . Featured Local Company

FranNet

FranNet provides no-cost guidance and information to individuals who are interested in purchasing a franchised business.

1-800-FRANNET
10302 Brookridge Village Blvd. Suite 201
Louisville, KY
www.frannet.com

FranNet provides no-cost guidance, information and support to individuals who are interested in purchasing a franchised business. FranNet consultants specialize in helping their clients find the right franchise through their exclusive matchmaking process. Meetings with clients face-to-face are preferred but FranNet consultants also advise clients via the phone and Internet. FranNet also hosts numerous informational seminars and educational programs that are open to the public each month throughout the country and online.

- FranNet is the Nation’s oldest network of Franchise Consultants.
- Many of our members have decades of franchise experience.
- We are focused on the Franchise Industry
- No one has helped more people purchase a franchise than FranNet.


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Related Local Events
Grow Your Business Workshop-July 24, 2009
Dates: 7/24/2009 - 7/24/2009
Location: Business First 455 S. Fourth St
Louisville, KY
View Details

Grow Your Business Workshop-July 10, 2009
Dates: 7/10/2009 - 7/10/2009
Location: Business First 455 S. Fourth St
Louisville, KY
View Details

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