Tag: franchise business

Indian logistic franchise sector is steadily growing and getting bigger

franchise-opportunity

FY 2014-15 reports had suggested that logistic industry was worth US $ 200 billion (approximate), grown at an annual rate of 20 percent over last few years. Imports and exports activities within India and with foreign countries drastically changed, air, rail, road and ship transport respectively grew at rapid rate in order to supply goods or services. Sectors like automobile, food and beverage, retail, pharmaceutical and clothing largely depend on logistics sector to transfer goods from place to another. Logistics services providers take advantage of online platform to deliver better services. For example, Cogoport is perfect example of online logistics marketplace, offer ship and air route services. Logistics industry is mainstay of Indian economy; various commercial sectors generate huge revenues due to effective distribution channel for goods. Despite economic downturn, industry consistently witnessed unprecedented growth, e-commerce logistics sector is increasing day-by-day. With promising growth rate, new players want to use business model of established operators. Franchising is only option left to expand business; logistic franchise business model is one of the emerging business opportunities these days.

Government initiatives to improve integrated logistics are expected to work positively for the industry, moreover multi-model logistic parks (MMLP) nearby manufacturing centres is developed to help companies. As per present scenario, logistic organizations utilized technology to enhance commercial operations, integrated IT solutions are used to reduce costs. Now it becomes possible to track order through online applications, e-commerce giants like filpKart, Amazon and EBay mainly demand on supply chain management system to deliver best services.   Thus e-commerce retail platform has transformed whole logistics industry. Services provider offer franchise business opportunities, entrepreneurs who want to become part of logistic industry should focus on franchise business model. Governmental policies are expected to fuel fast-growing industry, SME sector is largely depend on logistic industry to generate revenues. Looking into present condition future is bright for industry.

World-renowned services provided by leading franchise business consulting firm

World-renowned services provided by leading franchise business consulting firm

It is quite difficult to build a platform to expand franchise business sector but Connect franchise, leading firm in this context has done tremendous research to bring latest trends and opportunities for its clients. The franchise industry in India valued approximate US $ 30 billion and is expected to touch US $ 50 billion within two or three years. Emerging technologies enforce franchise consulting companies to develop more competitive products or services so that Indian franchise business sector can be shifted to global marketplace.

Connect franchise is doing amazing work since its foundation. The organization is emphasizing mainly on producing innovative business ideas or solutions to support entrepreneurs who want to become part of fast-growing business environment. The opportunity is clear for new brands in sectors like food, retail, education, etc. Massive growth has been expected in coming years due to increasing demand for international products by young generation of the country.

Franchise business rules and regulations around the world

Franchise business rules and regulations around the world

Officially there are 196 nations around the globe connected with UNO (United Nations organization); however industrial growth and development in these nations didn’t suppose to be equal. Developed economies like United Kingdom, Australia, USA, Russia and France have great infrastructure to support industrial development. International Franchise Business model has grown significantly over the decades, different countries have developed rules and regulations required to follow by every franchise providing company irrespective of size, revenue generation or brand value. Here we are discussing over basic laws followed by leading franchise establishment countries.
1. USA – Concept of franchising was commercially originated from USA and it remains at top position in today’s fast-paced environment as well. Individual state laws and United States federal laws are two basic set of laws imposed on franchise industry. Franchisors have to mention goods or services offered, substantial marketing plan, trademark and payment mode. Apart from this, legal documentation had to follow by both franchisee and franchisor.

2. China – By 2016 there were approximate 2000 franchise brands in various business sectors, large population and adequate resources encouraging number of global franchisor to invest in China. Basic rules including, a franchisor should own an enterprise, possess registered trademark, patent or business plan that suits Chinese economy. Global franchisor at least has two outlets outside China in operating condition under franchise business model. It is just overview of basic laws for more information you can do proper research.

3. India – Second most-populous country in the world is favourite destination for franchise establishments. Unlike USA and China, there are no specific laws regulated franchising in India. Franchise Agreement or contract relationship between franchisee and franchisor would be enforced by government.
These are leading nations where franchise establishments are more as compared to rest of economies. For more information you need to visit official government website and also asked questions to gain essential knowledge

What are the fundamental signs of a money-making franchise business?

What are the fundamental signs of a money-making franchise business?

Franchising, significantly gained popularity throughout the globe and likely to see steady growth in forthcoming years. If people had enough money they are searching for best franchise to buy or concentrating on franchise business sectors which make the most money. There are franchises that popular around the world but question is that will it really suits your area of interest or best for you. Rather just investing money did proper market research, collect information about franchise you’re looking for. Franchising model looks easy but it doesn’t mean to suit everyone. There are few checkpoints would be considered before buying a business:

  1. Financial stability

A well established brand in your desired business sector will be good choice. During discussion regarding franchising ask the franchisor about financial status or model. An effective revenue generation model is always easy to handle and you can figure out profits or loss as well.

  1. Brand value

More importantly, people always rush to places which are popular. Do proper research to know about market value of brand you’re investing on. Be realistic and don’t try to assume things on yourself.  

  1. Documentation

The Franchisor is required to provide all relevant documents like operations, training manuals and licence. All commercial activities run as per governmental rules and regulations.

  1. Return on Investment (ROI)

After investing huge money you will expect profits as well. Simply, get to know about how much return you will get after certain time period.

  1. Training support

In order to know about company’s policies, products or services systematic program is crucial. Ask franchisor about training support, how long it will take to get all necessary information. A successful franchise company always trained franchisee; give them opportunity to know more about how products or services sell in market.

  1. Profit margin

Becoming a profitable franchisee is dream of every investor, check what profit margin is shared by franchisor.

Franchise business is source of income for so many small businesses

Franchise business is source of income for so many small businesses

Countries where industrial development isn’t growing well and recession will come as surprise, employment opportunities are degraded. It is essential to overcome uncertainties to empower young generation to explore new business ideas. Franchising is a proven model successfully run when economic crisis occur in country, irrespective of trouble franchise business model is always a ray of hope in the face of macroeconomic troubles. There are approximated 300 business sectors that falls under franchise business throughout the globe. The burgeoning population on the planet is matter of concern because resources available are less as compared to population growth. Franchise business is comprised of various sectors but service sector is continuously showing amazing growth rate and remains one of fast-growing sectors in today’s competitive environment.

Small business owners who still listed under unorganized market share could be shifted to organized format through franchising. Recent studies have suggested that near about 50% of companies that offer franchise have succeeded to expand business in new territories. It is proved that franchising would be act as fuel for organizations that want to achieve new heights of success. As technology is advancing, small as well as medium sized organizations have undergone infrastructural shift and try to implement modern-day equipment in commercial operations. For example, a small vendor selling clothes in particular region quite famous and large number of people visited on daily basis. Now if owner want to establish another store with same name should utilize franchise concept. In this way brand value can be created and new customer get to know about products or services. It goes without saying that franchise business sector is still in nascent stage and has shown unprecedented growth in recent time. It is expected that several business owners in small scale industry utilize franchising concept to reach new customers. Small scale businesses are pillars of economic growth and stability because number of local people gets employment from these businesses.

Give a chance to nurture your entrepreneurship skills through franchise business model

Give a chance to nurture your entrepreneurship skills through franchise business model

It is quite confusing for many individuals to left a high pay. At certain age there is number of social responsibilities that makes you thinking twice, whether to pursue your dreams or engage in daily routine life. The key to work on your dream project is to choose a business model that can be coupled with current lifestyle. One of the best options that suits is franchise business model, you can start a new business as per needs and wants. First all identify your areas of interest then select a franchise which have same mission, vision and core values you’re looking for. It is crucial to choose a right franchise partner to develop a profitable business. You should focus on various prospective such as:

  • Is the franchise business can be operated along with current job
  • Will it be profitable in future or not
  • Current market value of brand
  • What kind of support will be provided by franchisor
  • Profit margins

Whether you handle business alone or hire management team, goal and objectives should be developed so that team members’ efficiency can be measured. Franchise is tested business model of some other company, it is ready to implement format for beginning and running a business. However you can carry current job as well because franchise is provided phenomenal flexibility, all you need to do is focusing primarily on template designed by franchisor. To add more, Technological advancements has made everything easy, from managing system to payment you can easily control each section of business without physically present in franchise store. It is always a dream come true to become a boss of own business. It goes without saying that pressure and uncertainties are part of business but you should stick to basics to overcome all troubles. It is concluded that one can easily a franchise as part time business with low investment.

Give a chance to nurture your entrepreneurship skills through franchise business model

Give a chance to nurture your entrepreneurship skills through franchise business model

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It is quite confusing for many individuals to left a high pay. At certain age there is number of social responsibilities that makes you thinking twice, whether to pursue your dreams or engage in daily routine life. The key to work on your dream project is to choose a business model that can be coupled with current lifestyle. One of the best options that suits is franchise business model, you can start a new business as per needs and wants. First all identify your areas of interest then select a franchise which have same mission, vision and core values you’re looking for. It is crucial to choose a right franchise partner to develop a profitable business. You should focus on various prospective such as:

  •               Is the franchise business can be operated along with current job
  •            Will it be profitable in future or not
  •         Current market value of bran
  •               What kind of support will be provided by franchisor
  •              Profit margins

Whether you handle business alone or hire management team, goal and objectives should be developed so that team members’ efficiency can be measured. Franchise is tested business model of some other company, it is ready to implement format for beginning and running a business. However you can carry current job as well because franchise is provided phenomenal flexibility, all you need to do is focusing primarily on template designed by franchisor. To add more, Technological advancements has made everything easy, from managing system to payment you can easily control each section of business without physically present in franchise store. It is always a dream come true to become a boss of own business. It goes without saying that pressure and uncertainties are part of business but you should stick to basics to overcome all troubles. It is concluded that one can easily a franchise as part time business with low investment.