Franchising and Small Business

Qualification: Undergraduate unit
Study mode: Online
Payment options: HECS-HELP may be available
FEE-HELP may be available
Duration: 13 weeks
Start date: Enquire now for upcoming start dates
Awarded by: Griffith University
Course Unit A course unit is a single subject offered as part of a program of study, but can be completed individually. You may receive Recognition of Prior Learning for studying this unit.

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About this unit

Franchising and Small Business is an online unit provided by Open Universities Australia in association with Griffith University. The focal point of the unit is an exploration of the two central options available to someone aspiring to open their own business. As well as understanding the distinct advantages of each, you will then gain a comprehensive understanding of the marketing, management and operational issues involved in running a small business.

After understanding the two central routes, independent and franchise, you will begin to explore legal issues and the need for rigorous market research. Following this, you will examine different financing options, how to access business advice, and how human resource management typically works in smaller organisations. Finally, you will learn about managing growth, and how to plan an exit strategy if a franchisee decides to go it alone.

Ultimately, whether you’re interested in establishing your own business, or perhaps you’d simply like to understand how one goes about it, Franchising and Small Business provides you with a comprehensive understanding of how to set up a small enterprise. Crucially, you will not only learn the formative stages of develop, but also how to manage growth and ensure success as the potential of the business comes to fruition.

Eligibility

There are no prerequisites for this unit; however, level 3 units assume a moderate level of prior knowledge in this area.

Areas of study

In this Franchising and Small Business unit, the topics you will study include:

  • Options for going into business
  • Small business: definition and characteristics
  • Franchising: definition and characteristics
  • Legal issues: including franchise disclosure, agreements and fees
  • Understanding due-diligence and market research
  • Financing new and growing ventures
  • Accessing business advice and assistance
  • Marketing: including franchisee support and marketing funds
  • Operations management: including site and territory considerations
  • Human resource issues in new and small firms: including managing staff
  • Financial information: including budgets, cash flow and on-going franchise costs
  • Managing growth and transition: including planning to exit

Course pathways

This unit is a core requirement in the following course:

  • Bachelor of Business, Griffith University

Content may also be relevant to other courses, and could qualify you for Recognition of Prior Learning (RPL) for a course offered by another institution.

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Want more information about this unit? Fill out the enquiry form to the right and a study consultant will contact you with the details you need.

There's plenty of support on offer for OUA students. Find out more.

How will this unit advance my career?

Taking Franchises and Small Business will provide you with the knowledge and the confidence to create your own venture – whether as a franchisee or an independent. That being said, even if you are not sure you’re ready to set up on your own, successfully completing a unit such as this shows employers you are business-minded, and possess an entrepreneurial streak that could profit their organisation.

How else will I benefit from this unit?

  • Upon successful completion of this unit you will receive credit for competencies in Franchising and Small Business from Griffith University.
  • Studying online means you can study where you want, at your own pace.
  • Gain industry-relevant skills and transferrable knowledge.
  • Government financial support through FEE-HELP or HECS-HELP may be available.
  • Studying single units allows you the flexibility to work towards a qualification at your own pace.
  • Receive Recognition of Prior Learning (RPL) for this unit across a number of OUA's full degree programs.

Get more information

Want more information about the career benefits of this unit? Fill out the enquiry form to the right and a study consultant will contact you with the details you need.

Financial assistance

If you are an Australian citizen, you may be eligible to receive a government HECS-HELP or FEE-HELP loan, meaning you can defer payment of your fees.

 

Get more information

Want more information about financial and student support? Fill out the enquiry form to the right and a study consultant will contact you with the details you need.

You may be eligible to receive HECS-HELP or FEE-HELP for this course!

This course can be paid for through the HECS-HELP or FEE-HELP government loan schemes. If you are an Australian citizen or hold a permanent humanitarian visa, this means you don’t need to pay upfront.

Instead, the Australian government will pay your course fees on your behalf. You’ll begin repaying your loan through the tax system once you start earning more than the minimum threshold of $54,869 (2016-17 income year).

Find out more about government study loans here.
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Get more information

Want more information about the career benefits of this course?
Fill out the enquiry form to the right and a study consultant will contact you with the details you need.

FREE CALL 1800 063 523

Monday to Friday: 8am - late
Saturday and Sunday: 9am - 5pm

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