June 10, 2009 // Franchising.com // Southbury, CT – Designed to help new franchisees get a jump start at reaching a level of success sooner rather than later, franchisors across a variety of industries are offering FAST™ (Franchise Accelerated Success Training) Scholarships to new franchisees. The FAST program, developed by The Entrepreneur's Source and E-Myth Worldwide® based on E-Myth's Seven Centers of Management Attention™ model is just one of its world class distance learning programs benefiting prospective and current franchise owners. FAST will show franchisees how to maximize their franchise model and apply E-Myth's proven business systems used by millions of successful business owners for more than 30 years.
"With so many people in career transition, we've designed our franchise training programs to ensure those who invest in a franchise concept will have all the tools and programs in place to ensure their success," said Brian Miller, CFE, president of The Entrepreneur's Source, TES, a franchise business coaching brand of FranchisEsource Brands International (FSBI).
Franchisors participating in the FAST Scholarship program include Snap Fitness, Window Genie, Aussie Pet Mobile, Compound Profit, Budget Blinds, Integrity Health, AdviCoach, Business Partner, Decor&You and The Entrepreneur's Source.
"The E-Myth Revisited book has always been a must-read for our franchise partners, so the opportunity to be a part of the FAST Scholarship program with The Entrepreneur Source is really exciting," said Richard Nonelle, president of Window Genie. "Bringing on new Window Genie owners that have already studied and understood E-Myth's business building concept should help them get started down the right path from Day 1 and I believe will make for a happier and more successful franchisee," he added.
The FAST Scholarship program consists of a self-directed, online program incorporating a systems approach to successful business ownership. Leveraging e-learning courseware and expert-led virtual workshops; the FAST program helps business owners maximize the franchise business system to achieve their personal objectives and franchise business success.
"These are great business tools that will help our franchisees get up to speed quickly and reach their goals even faster," said Gary Findley, senior vice president at Snap Fitness. "And, the fact that they are specifically targeted to franchisees makes them unique in the industry and a powerful weapon for success," he added.
"FSBI's commitment to entrepreneurship and franchising has never been stronger," said Brian Miller. "Education is key to advancing the future of small business and franchising in America," he added.
"These FAST programs combine the best of the time-tested E-Myth principles, with the power that a proven franchise system provides. Prospective franchisees who take this program will have a jump start on what it takes to be successful in business and know how to leverage a franchise system to achieve maximum results," he added.
FAST gives prospective and current franchise owners the ability to understand how the franchise system aligns with the E-Myth Seven Centers of Management Attention model, and develop the managerial and entrepreneurial skills necessary to grow a business. "FAST is really a system for small business success which helps franchise owners gain and build on the business skills necessary to launch and operate a franchise successfully," says Miller.
The franchise sector now has an economic impact of $2.3 trillion and provides employment for over 21 million jobs.
The Entrepreneur's Source is North America's leading career and franchise Business Coaching Company dedicated to the entrepreneur with more than 230 offices in the United States and Canada. With its unique E-Source Coach Advantage, E-Source and partnership with E-Myth Worldwide®, TES offers a full range of services to individuals seeking alternate career options and to franchise businesses looking to increase performance. Today, E-Source dominates the $1.5 billion dollar Business Coaching/Consulting franchise market in North America. Follow our CEO's ongoing Blog discussions on franchising by going to franchise blog.