Franchise Professionals Now Have a New Legacy Tool
According to a recent press release from the National Franchise Institute, opening a new franchise location is no small undertaking. Even with a good amount of capital and assistance from the franchisor, there is still a lot to know to simply get the doors open. The National Franchise Institute, which educates franchise professionals about the intricacies of opening new locations, has created the Hand-Up Scholarship Program to help franchise professionals do just that.
“Franchising is exciting,” says Carolyn Miller, founder of the National Franchise Institute. “Even with all of the documented processes and procedures that make the franchise industry so successful, many new franchisees need additional help when it comes to knowing all there is to know about building new locations.”
The Institute describes the Hand-Up Scholarship Program as a “pay-it-forward opportunity that helps to strengthen the franchise industry”. By pairing already-successful franchise professionals with newcomers to the industry, there is a domino effect of success that extends for years.
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