Franchise Owners

Certification or Licensing

Some franchisers have their own certification process and require their franchisees to go through training. You may also want to receive the certified franchise executive designation offered by the Institute of Certified Franchise Executives, an organization affiliated with the International Franchise Association. This certification involves completing a certain number of courses in topics such as economics and franchise law, participating in events such as seminars or conventions, and work experience. Although certification is voluntary, it will show your level of education and commitment to the field as well as give you the opportunity to network with other franchise professionals.

You may also need to obtain a small business license to own a franchise unit in your state. Regulations vary depending on the state and the type of business, so it is important that you check with your state's licensing board for specifics before you invest in a franchise.