The Screening And Selection Process
As per the screening and selection process, you are a right individual to be a Master Franchisee/Unit Franchisee if you have a proven track record, and are able to demonstrate your capability in the below mentioned areas:
- Drafting and Executing Business Plans with short and long term objectives.
- To be able to deliver results in terms of financial aspects in a high commercially competitive environment.
- To be able to manage teams in changing environment.
- To be able to manage teams in high pressure environment.
- Working in a high-volume, high-turnover student environment.
- Working in an environment that has highly Standardized Prototype Systems.
- Operating the capital intensive business.
- Taking the ownership of the work and being accountable for the success of the business.
- Ready to expand your business, and establish and manage Unit Franchisees created below you.
The Screening and Selection Process has 7 stages:
Master Franchisee/Unit Franchisee Application Form: You will have to fill a Master Franchisee/Unit Franchisee Application Form. You can send this Application Form along by Post. The Application has to be sent along with a cheque in the name of ‘Times and Trends Academy (TTA) Pvt. Ltd.’
- Master Franchisee – INR 1 Lakh.
- Unit Franchisee – INR 10,000
(Note that this amount is non-refundable.)
Once we receive the Franchisee Application Form, we will initiate the process.
Phone Interview: After we receive the Franchisee Application Form, we will conduct a Phone Interview with you based on the application to know more about you. This is an opportunity for both the parties to have clarity on many aspects by raising concerns.
Due Diligence Checks: Times and Trends Academy (TTA)’s team will run a Due Diligence check on the applicant to verify information provided by the applicant. The check will be based on the basic parameters set by Times and Trends Academy (TTA). Failing to meet the parameters can result in cancellation of the application.
Personality & Capability Test: Times and Trends Academy (TTA) has designed a test that would have personality related questions. The test is designed in such a way that it would tell if your personality matches the personality that we are looking for. You will also get a copy of the results.
Times and Trends Academy (TTA) Corporate Office Visit: Post the Personality & Capability Test, You will be invited to Times and Trends Academy (TTA)’s Corporate Office & Learning Center in Pune. We will have a face-to-face interaction. The duration of this interview cum interaction would be anywhere around 90-120 minutes. This is also an opportunity for us to have a better screening. Test results of the previous round will be discussed briefly. Few questions will also be pitched to validate the competency that we require.
Hands-On Experience & On The Job Evaluation: At this level, you will be required to spend some time at Times and Trends Academy (TTA) Office. You will be in the shoes of TTA members. You will be required to spend around three days at the office understanding different roles, and also playing those roles actively. This will help you understand the dynamics better and also offer a different perspective to the business model. Based on your performance, our Interview Panel would evaluate you. You would also be interacting with people from various departments.
Interacting with Existing Stakeholders (Associates, Employees and Students): We understand the anxiety you would have in being a Franchisee. Therefore, we provide an excellent opportunity for you to get in touch with the existing stakeholders, and clear your doubts if any.
In-Depth Panel Interview: Times and Trends Academy (TTA) would conduct an in-depth interview. This will be conducted by the top management representatives. The interview may last anywhere from 90-120 minutes.
Signing LOI: Signing LOI (Letter of Intent) and making a Demand Draft of 50% of the Sign-Up Fee favoring ‘Times and Trends Academy (TTA) Pvt. Ltd.)
Master Franchisee/Unit Franchisee Incubation Program – A formal 15-day full time program review after the program concludes, and then continuous reviews until successful completion.
We have developed a program to run the academy efficiently and effectively. It is called The Master Franchisee/ Unit Franchisee Incubation Program.(Name of the Course is not changed yet) This program will help you gather necessary skills when it comes to franchisee participation. This program is more like a tool which will tell you the new ways of entrepreneurship and will enhance your creative potential. People who have a desire to become an entrepreneur and pass on a legacy of a good organisation will definitely like this program
The training for this program will mostly happen at TTA Deccan which will include classroom trainings, presentations, doubt clearing sessions, team activities, management meetings, seminars, corporate training etc.
Completion of balance payment formalities and signing the Franchisee Agreement (on the 7th day of induction).
To find out if you qualify for the Stage 1 of the Screening Process, kindly visit our website to fill an application form on the website.
We will get back to you if you qualify for the screening process.
During the screening and selection process or during the ‘Master Franchisee/Unit Franchisee Incubation Program,’ Times and Trends Academy (TTA) holds the right to terminate your application without having to offer any reasons.
As per the screening and selection process you also have the right to terminate your participation at any time during the process. Money Concerns: Investment and Rewards – Master Franchisee