SBA

SBA AND FRANNET TEAM UP TO OFFER ONLINE TRAINING ON “FRANCHISING BASICS” FOR SMALL BUSINESSES

WASHINGTON – Entrepreneurs considering franchising can now access a new online course from the U.S. Small Business Administration and FranNet to help them navigate the competitive franchise industry.

The introduction to franchising course, Franchising Basics, is a free online seminar which provides three key sections that examine more than 10 essential areas relating to franchising, including Is Franchising Right for You and How to Choose the Right Franchise. The course also covers franchising options, strategies for growth, and pitfalls to avoid. Course participants will be able to better understand franchising and decide if it is the best small business option for them.

The Franchising Basics course can be accessed from the SBA website at http://www.sba.gov, under the Free Online Training icon by selecting Franchising Basics in the Starting a Business section. The courses can be reviewed at the learner’s own pace and in their own time, and a certificate of completion will be provided to participants who finish the course.

“SBA is committed to helping entrepreneurs achieve their goals of business ownership, and the online training tool is both accessible and educational in determining if franchising is the right business option,” said Anoop Prakash, SBA’s associate administrator for Entrepreneurial Development. “We believe that combining our resources to help build up small businesses and to help train future entrepreneurs is important to strengthening the nation’s small business community.”

The co-sponsorship between SBA and FranNet allows both organizations to help entrepreneurs achieve their goals through educating them on opportunities, financing, research and realistic goal setting. Investing in a business can be both a frightening and overwhelming venture, however, SBA and FranNet provide the tools and guidance to ease the anxiety of decision-making. FranNet uses educational seminars and personalized consulting services to help entrepreneurs determine if franchising is the right path.

“FranNet has been diligently working on increasing the knowledge of the benefits of franchising to the public,” said Jania Bailey, President and COO of FranNet. “Franchising is not just about French fries, but rather a proven business format that grows businesses quickly. Hundreds of thousands of people have opened their own business by buying a franchise. Franchises create thousands of jobs each year, help develop local economies and provide endless business opportunities. Buying a franchise is a wonderful way to go into business for yourself, but not by yourself. Franchises have proven systems and a team of people in place to make sure you are successful in building your business.”

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