By Rea Cu / Special to the BusinessMirror
The International Franchising Association (IFA) Educational Foundation is searching for young entrepreneurs who are passionate enough to take their businesses to the next level.
Individuals 21 to 35, owning a business that has been up and running in a span of one to five years, are encouraged to join the NextGen in Franchising Global Competition for a chance to expand their business.
IFA, together with Your Success Now, has developed the NextGen in Franchising Global Competition, a campaign in search for young entrepreneurs who are driven to understand how franchising really works, explore the various kinds of business models, learn from top industry experts and widen their social and business networks.
IFA understands the need for young, inspired and business driven beings to fully learn the ways within the industry of business. With the company representing at least 2,500 franchising companies globally, it has gained much experience to be able to influence and lead young
entrepreneurial minds into the world of business.
“There is a huge talent pool of young entrepreneurs that we need to engage to bring new ideas and new thinking into our industry,” said Aziz Hashim, chairman of IFA. To learn more about entrepreneurship, franchising and how business venturing works, young entrepreneurs need to open their eyes and minds to achieve greater awareness about the industry. They also need to increase their business opportunities. This will be beneficial both to them and the industry in the future.
Subway, Dunkin’ Donuts and Ace Hardware are just some of the few companies that started out small but have grown with the help of the franchising business model.
Winners of the competition will be able to attend the annual IFA Convention in San Antonio, Texas, in February 2016. They will get the chance to attend the NextGen Summit, where they will be coached and taught everything about business for two days, which will also enable them to get industry-wide exposure and increase their network’s reach.
They will also be able to interact with top industry experts and leaders of the franchise industry. The prize of the competition, if summed up monetarily, amounts to $5,740, with an irreplaceable learning experience to go with it.
Interested parties can take the first step into achieving their entrepreneurial dreams by submitting their application forms through https://nextgenfranchising.org, applications will be accepted until October 31.