Don’t just take our word for it, read more about the benefits of joining a BFA accredited franchise here: https://www.thebfa.org/.
British Franchise Association (BFA)
Tezlom are proud members of the British Franchise Association (BFA), which might have you thinking ‘so what does that mean for me?’. The BFA are the governing body that represents the franchise industry in the UK. For Tezlom to become a BFA-approved franchise, the business model must adhere to a set of standards that establishes best practice in the franchising world. This gives you the reassurance that the business model is viable, runs with ease, is ethical and is committed to the development and success of each franchise and the brand itself.
Not only does this provide a Tezlom franchise with credibility, but it is also an advantage to those who are sourcing funding for operating a franchise. Many high street banks that have a specialised franchise department will appreciate that the BFA membership indicates a successful quality franchise, meaning it will make it easier to secure capital from the bank.
Associate BFA Membership Indicates a Successful Quality Franchise
This next level of membership is for franchisors who have recruited a franchisee that has now been trading for over 12 months. The franchisor will be able to demonstrate that their business model works through the success of the franchisee against their financial projections
Three Essential Key Factors
For Tezlom, it was important to us to become recognised with the BFA, so that we help influence the success of our franchisees. There are three key factors that stood out to us and were essential parts of Tezlom taking the plunge to become accredited. These were:
1. Franchisable: meaning that the Tezlom healthcare recruitment business model can be replicated in other locations, with other people operating it, and still succeed. The nature of the business concept needs to be such that someone other than the franchisor can successfully develop it. For a business system or business model to be able to be franchised, first there must be something tangible and worthwhile to franchise. Otherwise, what are you, the franchisee, actually buying? This means that Tezlom have been able to demonstrate that we have been successfully operating our healthcare recruitment business ourselves in the form that we propose to franchise, and further that the business model is transferable to other places, under different ownerships.
2. Viable: implies not only that a Tezlom franchise is a replicable business, but also that both, us as the franchisor, and you as the franchisee can run it profitably. Tezlom had to show that, if operated properly, the franchise provides a satisfactory financial return to both parties. For you as a franchisee this means a reasonable return on the investment, and for the work involved and for a reasonable period, in addition to being able to pay the franchisor any fees due under the franchise agreement.
3. Education: by joining the BFA, it means that franchisees and franchisors are making the commitment to work in partnership with the BFA, to drive forward a sector that is committed to operating fair business models and promoting healthy opportunities for all. As part of Tezlom being accredited by the BFA, you as a franchisee will have access to the BFA’s free franchisee membership, which will give you access to additional resources, events and educational content. The outreach work extends to educational and government bodies with a range on initiatives. This means for you, that these courses are available to you as a franchisee which will help motivate and develop your business from an outside influence.
In the preparation for Tezlom becoming accredited by the BFA, part of the process is an independent survey carried out by The WorkBuzz. We were proud to receive back some incredible feedbacks from existing franchisees such as:
Infographic on Head office response
100% positive feedback on how head office respond to franchisee issues.
Infographic on expansion commitment
100% positive feedback on franchisee commitment to business expansion and sales growth.
Infographic on support from Tezlom head office support
100% positive feedback on how the Tezlom head office franchise support team support the franchisees with growing their business.