The training program to become a Certified Franchise Consultant is available to anyone who fulfills one of the following criteria:
- A minimum of five years of experience in the franchising industry or sectors linked to it
- A bachelor’s degree from an institution of higher learning that has been recognized as having high academic standards.
- Certified Franchise Executives (CFEs) who are in good standing with the International Franchise Association.
Full Answer
How much does a franchise consultant make?
How much does a franchise business consultant make? How much does a Franchise Business Consultant make? The average Franchise Business Consultant in the US makes $88,743. The average bonus for a Franchise Business Consultant is $3,250 which represents 4% of their salary, with 25% of people reporting that they receive a bonus each year.
How can franchise consultants help you?
If you are a potential franchisee, then a franchise consultant can help you pick the best franchise to join. They will help you go over your finances and make a good list of what you are looking for in a franchise business. They can also help you with all the legal paperwork.
How to become a home-based freelance consultant?
- Decide if you'll specialize or generalize your organization service. ...
- Obtain a business license and liability insurance.
- Create a detailed business plan outlining your service, pricing, and financial situation and goals.
- Develop your marketing plan and promotional materials.
How to make a business franchise a success?
How Do I Make My Franchise Successful?
- Make sure you have enough money. ...
- Follow the system. ...
- Don't neglect your family and friends. ...
- Be an enthusiastic franchisee. ...
- Recruit the best and treat them with respect. ...
- Teach your employees. ...
- Give customers great service. ...
How long does it take to become a franchise consultant?
What is an IFPG certified franchise consultant?
What does it mean to be an IFPG consultant?
What is IFPG training?
How much does it cost to be a franchise consultant?
Franchise Broker Training Cost with an IFPG Membership The price for IFPG Franchise Consultant Training is $25,000. The comprehensive training cost includes everything you need for franchise broker training and will start you on your way to a lucrative career.
What does a franchise consultant do?
A franchise consultant's job is to help entrepreneurs navigate their journey to franchise ownership—they're not salespeople. They're coaches and assistants. A franchise broker, on the other hand, is someone acting as a representative of the franchisor's development team and working to sell franchises for them.
How many franchise consultants are there?
Once we determine your capabilities and the orientation that fits your lifestyle, the next leg of our journey is exploring the industry. With over 3,000+ registered franchise companies available in the marketplace, determining the right one can certainly seem like an intimidating task.
Can you franchise a consulting business?
Providing consulting services to businesses can be a lucrative opportunity. If you're interested in becoming a consultant but don't know where to start, then consider consulting franchises. Nationwide, there are top franchise consultants available that can give you a head start in growing a successful business.
How do Franchise Consultants make money?
A typical franchise consultant may be paid by the franchisors they represent by taking commissions on the sale and/or a portion of the franchise fees that you are paying to become a franchisee.
How does a franchise broker get paid?
Commissions paid to franchise brokers vary, but typically are paid out as a percentage of the initial franchise fee—sometimes up to 50% of an initial franchise fee that could range between $30,000 and $50,000. In other cases, franchise brokers are paid a flat rate.
Should I use a franchise consultant?
An experienced franchise consultant is an extremely valuable resource. A consultant provides information and expert advice for finding the right franchise. Most importantly, a franchise consultant can prevent you from making a costly mistake with a business that's not a good fit.
What is a franchise development consultant?
Franchise development consultants assist businesses in becoming a franchisor. They also might support with improving operations, marketing and sales of existing franchise systems.
What is franchise attorney?
They can help you negotiate with a franchisor by explaining what changes the franchisor might be willing to make and which ones will likely be rejected. An attorney with franchise experience can also assist you in evaluating the franchise opportunity and writing your own business plan.
What is a B2B franchise?
B2B franchises sell services and products to other companies to help them continue to run smoothly and efficiently. 2. B2B franchises often offer generalized business support in the areas of IT service, sales consulting, business consulting, marketing, payroll, insurance, or commercial cleaning.
What is a franchise business coach?
Franchise Business Coaches (FBC) are key players in a franchise system. These professionals support and coach franchisees, boots on the ground, right there on the front lines. The role has also been called Field Support, Field Manager, Area Manager, Regional Manager, Growth Coach, or Field Consultant.
What is ActionCOACH franchise?
ActionCOACH franchisees (also known as business coaches) operate a business that provides business coaching, executive coaching, mentoring and training to business owners primarily in the small to mid-market business sector.
Should I work with a franchise consultant?
An experienced franchise consultant is an extremely valuable resource. A consultant provides information and expert advice for finding the right franchise. Most importantly, a franchise consultant can prevent you from making a costly mistake with a business that's not a good fit.
What is a franchise development consultant?
Franchise development consultants assist businesses in becoming a franchisor. They also might support with improving operations, marketing and sales of existing franchise systems.
What is the franchise Consulting Group?
We offer services for start-ups, perform unique franchise systems due diligence, advice on franchise systems mergers and acquisitions, and Founder Edward Kushell is a sought-after expert witness and consultant for all parties involved in franchise litigation.
Can a franchise owner be fired?
While franchisees are not technically employees of a franchise brand, they can be “fired” by franchisors, who reserve the right to terminate their contract “for cause.” This involves ending the relationship based upon a default under the franchise agreement.
2022 FRANCHISE LEADERSHIP AND DEVELOPMENT CONFERENCE
Adapting to change and seizing opportunities in a challenging economy are the keys to faster brand development. Savvy franchise executives are studying which innovative strategies to deploy while doubling down on time-tested fundamentals for growth.
IFA 2022 Annual Convention | Global Franchise
The International Franchise Association’s IFA Convention is always one of franchising’s biggest yearly events, bringing together the true heavyweights of the international franchising community.
Upcoming IFA Conferences Schedule | International Franchise Association
When you’re planning out how you want to tackle next year, whether it is for professional training or business development, IFA has an educational and networking event to sharpen your skills and get you out in the field, ready to face whatever comes your way.
2022-2023 Franchise Event Calendar
2021-2022 Franchise Shows, Events & Conventions. The Franchise Events section of our site is here to provide a calendar of upcoming franchise conventions & expos, small business conferences, and franchising trade shows.
The International Franchise Association IFA - MSA Worldwide
The International Franchise Association works through government and media relations, and educational programs to protect, enhance and promote franchising.
CERTIFIED FRANCHISE EXECUTIVETM
INSTITUTE OF CERTIFIED FRANCHISE EXECUTIVES ICFE ENROLLMENT APPLICATION Mail to: Institute of Certified Franchise Executives: 1900 K Street, NW, Suite 700, Washington, D.C. 20006 Telephone: 202/774-2067
How long does it take to become a franchise broker?
The IFPG Certified Franchise Consultant program (CFC) is the most comprehensive in the industry. In just 4-6 weeks, we will give you all of the tools and the training you need to take your CFC Exam and become an IFPG Certified Franchise Consultant. Our all-inclusive program will prepare you for a rewarding and successful franchise broker career.
What is a CFC certification?
This program is an opportunity to learn best practices for a successful franchise consulting business. As a Certified IFPG Franchise Consultant you will be recognized as part of a highly ethical, top-notch franchise broker network.
How to contact IFPG?
Fill out the form at the bottom of this page or call 1-888-977-IFPG (4374) ext 110 to schedule your one-on-one tour of the IFPG. Our personalized tour will give you a behind-the-scenes look and valuable insights in running a franchise broker business..
Is franchise consulting a good career?
A career as a franchise consultant can be highly rewarding and lucrative. If helping people realize their dreams of business ownership while being your own boss appeals to you, then you are in the right place.
Is IFPG a franchise consulting company?
As a member of IFPG, you will be part of the best franchise consulting company in the industry. Our entire staff is committed to your success. From the events we plan to the tools we have, the IFPG does everything with our members in mind. Franchise Sales CRM, IFPG Digital, and Career Transition Leads are all IFPG-owned companies, which means virtually everything you need is at your fingertips and comes with support. Our systems work seamlessly together and are extremely user friendly. Our team is here to answer any questions and support you on your new career path.
What are the Qualifications to be a Franchise Consultant?
Now that you know that you’re the perfect fit for a consulting business, you’re probably wondering, “what are the qualifications of a franchise consultant”?
What Does a Franchise Consultant Do?
An aspiring franchisee may want to contact a franchise consultant to help them explore their options in the franchise industry. You will also be prospecting clients to see if they are the right franchisee for the franchisor.
What is the Certified Franchise Executive (CFE) program?
Participants in the Certified Franchise Executive (CFE) program will complete an impressive array of course offerings in franchise management, leadership, and small business in order to gain insights into franchise strategy and operations. This program will help individuals at emerging organizations learn how to run a small business while helping more established leaders understand how to successfully cultivate a growing enterprise.
How often do CFEs need to renew?
CFEs must recertify every 3 years in order to keep the CFE designation. The renewal cycle runs on a February 1-February 1 schedule. Ex: if you were first certified Feb. 1, 2021, your first renewal would be due by Feb. 1, 2024.
What is CFE program?
Personal Skills: The CFE program will help you learn the latest trends in order to stay competitive, build your personal brand and network, while honing the franchise management skills you need to succeed.
What is a CFE?
Industry Recognition and Professional Standing: A symbol of leadership and accomplishment, the CFE designation is highly regarded and will raise your profile within the franchising community by demonstrating your years of experience, commitment to growth, and a desire to continually meet challenges.
What is ICFE in business?
The mission of the Institute of Certified Franchise Executives™ (ICFE) is to certify and educate individuals and organizations to the highest standards. We are a leading resource to help franchise executives, managers and small business owners accelerate individual and organizational growth.
How often do CFEs track their credits?
CFEs must self-track their credits towards recertification every 3 years, so credits will not be tracked on your CFE dashboard in your franchise.org account after your initial certification. If you are unsure of how many credits you have, please inquire here.
How long does it take to become a franchise consultant?
In just 4-6 weeks, we will give you all of the tools and the training you need to take your CFC Exam and become an IFPG Certified Franchise Consultant. Our program is fully comprehensive and will prepare you for every aspect of franchise consulting services.
What is an IFPG certified franchise consultant?
As an IFPG Certified Franchise Consultant, you will have instant industry recognition. The IFPG is known throughout franchising for its innovation, ethical business practices and commitment to excellence. Your franchise consultant certification will put you on a path to a successful and lucrative new career where you can make a difference every day!
What does it mean to be an IFPG consultant?
Becoming an IFPG Consultant means you'll be part of an established community that is committed to your success. Learning doesn’t stop once you have your CFC designation. The IFPG holds more than 150 educational webinars each year called Impact Sessions.
What is IFPG training?
IFPG’s comprehensive, one-on-one franchise consultant training will give you the tools you need for a successful franchise consulting business. We cover everything for setting up and running your business as a certified franchise consultant including site training and lead generation. Accomplished IFPG Consultants will hold the keys to long-term success by following the highest standards of ethical business practices. As a student of IFPG’s franchise broker academy, you will learn the ins and outs of the industry.
