Skip to main content

Franchising-Ready to Run Business


As you are well aware by the term FRANCHISING, so by focusing on the topic we should move ahead.

Today I summarize some points which fall in our mind when we are going to opt for a franchisee for a new start up or a venture.

Before deciding on a Franchise Model, first of all we need to target franchise requisites:-
 Below is the diagrammatic response for the same.

Now after this, when one understands about the prerequisites of having franchising, another question comes why franchisee?

When you opt for a franchising route you need not to go through the initial problems of setting up a business from a scratch, because somebody else has already done the shovel works.

Thus your business is based on an idea that has already been translated in to reality and proved its success.
Brand equity is all important today. So if you take up the franchise of an established brand name, you derive the benefits of brand recognition, brand loyalty and the goodwill that the brand has built up.
You can also cash in on the success of the brand and its demand. You do not have to spend time, efforts and money in establishing and then building up a brand name.

Read more on Brand:- https://www.linkedin.com/pulse/20141203043502-377228179-hitting-offshore?trk=mp-reader-card

When you are going to opt for COFO Modal (Company owned Franchise operated Model), there are some dos and don’ts that need to follow:-
                           Dos
                    Don’ts
Understand the franchiser core principal & execute them well
Do not rush in to the Franchisee, until & unless you are sure you are ready
First try to focus on acquiring owned good location & if not then:-
Do not start without undergoing the initial training (Orientation Program)by the franchiser.

Negotiate hard on Lowering the rental, as it would have no controls in future

Do not under estimate the investment figure given by the franchiser.
Create a Per-forma P&L Statement to understand the revenue and cost figures.

Don’t assume that when you opt for a franchisee that the success is granted. There are no of factors that are responsible for the success & failure of a business.


Now in the end I like to, write a little about my Organisation.(www.cssrl.in)

According to us, Any Enthusiastic Entrepreneur are willing to have a franchisee or be the part of our Global Partnership Initiative, are privilege by never ending benefits, but to some degree that are much more important:-     
  •   Respect, Satisfaction and long term income streams are the benefits that franchisee   can enjoy.
  •  Good work habits and genuine efforts towards nurturing the relationship with our organisation help in creating a renewal business growth.


On my next post, I will publish the Important P’s while taking the franchise agreement.


As Always, all comments are welcome!!!

Comments

haroldwebbhere said…
As a franchisee, your job, first and foremost, is the sales and marketing of your product or service. Don’t wait for your franchisor to remind you—get your marketing out there all the time, analyze the effectiveness of each method and share effective techniques with your fellow franchisees. If you’re busy working on your computer or handling other administrative tasks over marketing initiatives, you are limiting your success.
See more at: Trusted dissertation writing service.

Popular posts from this blog

Is Cyber Security career possible for me?

Perhaps in recent past you had shown interest in getting trained in Cyber Security. But could not make up your mind as there were some questions or concerns which prevented you from taking a decision.
We know that the Cyber Security Industry is growing. There is a lot of scope in it in future. It is the right time to start a career in cyber security.But is it for me? Can I make it? Where do I start? Do I need to give up my current career and start fresh? These are some of the questions which many of us face when we consider opting for Cyber Security as a career.
We have compiled for you some frequently asked questions below which people ask and the answers for the same.
What is the eligibility for studying cyber security? What if I am not from IT background?At CSSRL we have a range of courses in cyber security for people with different educational backgrounds and interests. Our counselor will be able to guide you to choose the course that is best fit for you, if you decide to enter in th…

CAREER AFTER 12TH IN CYBER SECURITY

Q. What isCYBER SECURITY? Ans. Cyber Security is the body of Technologies, processed and practices designed to protect Network, Computers programs & data from attack, damage or unauthorized access. In a computing context, the term security implies Cyber Security.  
Q. WhyCYBER SECURITYis Important? Ans. The increasing Volume & Sophistication of Cyber Security threats – including targeting phishing scans, data theft and other online vulnerabilities – demand that we remain vigilant about securing our Systems & Information.

Holi Offer - Early Bird Discount on Admission for Certified Web Penetration Tester

Wishing a Happy Holi to all of you!

A lot of people who inquired in recent past have asked if there is any possibility of discount in the fee for our training program. All CSSRL professional training programs are designed and priced in such a way that they can provide best value for the money spent by the trainee as well as to ensure that we are able to continue to provide this training opportunity to everyone by keeping our Accredited Extension Centers financial feasibility under consideration.


CSSRL has come up with another offer on this festive occasion. For all those who complete their admission process and pay the fees between Holi and March 31st, 2017 for the Certified Web Penetration Tester (CWPT) program starting mid May 2017, CSSRL is offering an early bird discount of 20% on the total program fees.

The offer is applicable only on Certified Web Penetration Tester (CWPT) program
in regular mode training conducted at AEC Pune for batch starting mid May 2017. if entire fees is p…