Assessment Requirements for BSBFRA501 Establish a franchise operation

Release: 1

Assessment Requirements for BSBFRA501 Establish a franchise operation

Modification History

Release	Comments
Release 1	This version first released with BSB Business Services Training Package Version 1.0.

Performance Evidence

Evidence of the ability to:

carry out initial research into franchise operations

create a business and marketing plan to determine financial viability or secure financial backing

create policies, procedures and processes in accordance with relevant legislative and regulatory requirements

establish a formal agreement with a franchisee that specifies roles and responsibilities of both parties.

Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.

Knowledge Evidence

To complete the unit requirements safely and effectively, the individual must:

identify work health and safety (WHS) requirements specific to the nature and type of franchising operation

outline legislation, codes of practice and national standards relevant to franchise operation

explain what a financial feasibility study entails

explain the differences between a marketing plan and business plan

list and describe financing options available

describe different franchising models, including how each operates.

Assessment Conditions

Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the management and leadership – franchising field of work. This includes access to:

business documentation

relevant legislation, regulations and codes of conduct

feedback from franchisees

office equipment and resources.

Assessors must satisfy NVR/AQTF assessor requirements.

Links

Companion Volume implementation guides are found in VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=11ef6853-ceed-4ba7-9d87-4da407e23c10