WORTHWEBWAY
(Given in left-column of this
page are India / International Travel Companies which you can try
for profitable Franchise
Business).
Just click and land in to their website to contact them.
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What is a Franchise Business?
Franchise Business is a Business Partnership Model which involves two parties, the franchiser and the franchisee.
Franchiser provides the business know-how, training, system and his brand for marketing to the Franchisee.
Franchisee is fully responsible for managing and expanding franchiser's business.
Entrepreneurs, who like to become franchisees should have the will, dedication and sufficient capital to work as Franchisees.
Today, Franchise Business exists as a successful business module for various business sectors.
Franchisee to become a successful business partner has to visit as many franchisees as possible to know about each business model.
He should have thorough analysis of Company's (Franchiser's) previous record and its performance.
Franchisees should be optimistic and be realistice about their financial capacity to invest into Franchise Business.
It is advisable for a Franchisees not to skip the Franchise Consultants often.
It is found that 90% of the Franchise Business has been very successful during the last 20 years.
Franchisees do not need to build up the brand from scratch. Instead, the same resources can be used to build reputation and a loyal customer base.
The collective experience of both the franchiser and the franchisee assists in the avoidance of any mistakes or mimising them.
A Franchise business can be started with an intial investment of minimum Rs.20,000/- or more, depending upon the Franchiser's terms.
Some Important Factors to be Considered before entering in to a Franchise Business:-
1. Nature of Business of
Franchiser.
2. Thorough investigation about
Franchiser's reputation before investing (like franchiser's
business background, legal problems if any, bankruptcy, their
current / former franchisees etc). Check Reviews in Google about their
Products / Services, especially negative
reviews.
3. You prefer Service-based or
Product-based Business?
4. Level of your knowledge about the Product / Service.
5. You like to have only one outlet for your Franchise business or more?
4. Franchiser's Products are already successful, well-established or new in the market?
5. Franchise business should be of National or International Level?
6. Minimum capital you can invest to Start the business.
7. Franchiser's terms regarding intial deposit (refundable or non-refundable or adjustable).
8. Location of Your Business
9. Floor Area Available for conducting your Franchise Business.
10. No. of hours you can spend / day.
11. You yourself will operate your Franchise Business or will hire an In-charge / Manager?
12. Manpower Strength (No. of staff required).
13. Your Advertisement Cost & Strategy (or) Advertisement Support by the Franchiser.
14. Time-frame to start the Business.
15. Your ownerhsip business will be your primary source of income or supplement to your existing income?
16. Level of Competition locally or nationally or internationally.
17. Whether Franchiser will provide adequate training to you and to your staff?
18. Terms of the Franchise Business in the Agreement and its renewal policy
19. Whether Franchiser's Website is user-friendly for your
Customers?
20. Above all, Return on your Investment. Net profit you expect or you will get from Franchise Business after meeting all your expenses.