Franchising TNT

Franchising has emerged as a most preferred model for business expansion, as almost every business irrespective of their nature and sphere is opting for it. Franchising is one significant way in which a company can take advantage of Indias vast market and also with low risk factor involved. Till few years back, there were less options in franchise arena, but due to its business advantages entrepreneurs are being propelled to venture into exciting business concepts.

The current decade has witnessed franchising gaining newer heights and especially in the field of education. Operating a business is much safer and easier if done the franchising way. Several brands vouch for this franchise route as it is the most feasible alternative for growth in the volatile Indian marketplace. With introduction of unique concepts, people with interest in education sector are adopting franchise route for expansion.

The increased acceptance of the importance of education and the proven success of education franchising in India has led to a boom in the number of business owners wanting to expand their education brands through franchising. According to a recent survey, India is one of the largest markets for education in the world in terms of the number of students, offering vast franchising opportunities. Currently, out of the 1,200 franchises in the country, 32 per cent are in the education sector. Professional and vocational courses in the fields of aviation, hospitality, retail, etc are also being provided through franchise model. Not only this, Franchising has grown even in the pre-school sector.

The increased consciousness among parents regarding the education of their kids has given a great boost to pre- school education business. Also, the international pre-school brands foraying into India and the up-gradation of Indian brands to provide quality education is another factor contributing to growth of this sector. School Franchising is a proven business model and therefore, it is safe to opt for this business especially in case of new entrepreneurs.

School Franchising comes with a long list of benefits like training, transport, effective promotional material and advertising; everything is taken care by the franchisor. Some also provide books, uniforms, shoes, activity charts, school bags, crayons, diaries, lunch boxes and water bottles to the children. The Franchisor not only shares the brand image, but also the knowledge, experience, and technical expertise with the franchisee.

India is one country that offers various franchise and business opportunities. In today’s competitive world everyone wants to stay ahead in the race of success and for that majority of people have decided to indulge them into business. For cashing the business opportunities and to succeed in this race, franchising undoubtedly emerges as a top choice.

Franchising your business possesses fantastic rewards, from a greater return on investment to risk reducing and holding of capital. But prior to you begin the process of franchising your business, you must 1st ascertain if your concept and operating system is franchisable.
Primary tenants of franchisability include:
Uniqueness. Your business must possess adequate differentiation from other franchises either in terms of products and services, marketing, smaller investment cost, or target market.

Straightforward operations. Your system and business model had better be relatively easy for a new franchisee to learn in a small time frame.
Strength of management. Even the most successful company will waver without a strong management team in position.

Adaptability and requirement. Your concept had better adjust easily to numerous locations and in that respect should be sufficient demand for your products or services.
ROI. A franchised business should bear sufficient profit after paying fees and royalties to earn an adequate return on investment.

Credibility. A franchisor must be credible to prospective franchisees.
If your business passes this litmus test, you will need a franchise plan and a business plan. A franchise plan is not the same as a business plan. Essentially, the franchise plan is a plan for franchising your business, detailing all of the steps you will take, as well as the franchise fee. The business plan outlines your overall business strategy over the next five years.

Next you will need an operations manual and training programs for your franchisees. In order to legally sell franchises, you must draft a franchise agreement and a Franchise Disclosure Document (FDD) and file with the appropriate state and national authorities. A franchise attorney can help you create these documents and meet the legislative requirements.

One of the main reasons franchising is attractive to franchisees is that they are buying the rights to use an established trademark and/or brand name. If you have not already done so, make sure that your intellectual property rights are available and register them.

In order to sell franchises, you will need a marketing plan. Marketing efforts could include a sales campaign, such as direct mail initiatives, franchise sales brochure and collateral, a sales videotape, a Web site with franchising information, paid placement on franchise opportunity Web sites, listing with a franchise brokerage firm, and trade show participation.

As you can tell, having the thought to franchise your business and actually franchising your business are two completely different things, they are worlds apart.
It takes a lot of hard work to get your business franchised. in the long run it is worth it so the hard work put in to make it work would be highly worth it.
There are plenty of websites out their that will help with all aspect of franchising if you needed assistance.

FRANCHISING WILL GROW IN RECESSION

History shows that franchising grows strongly in recession, because as job losses and redundancies hit, many workers decide not to return to the workplace. Employees that loose their jobs decide to take their destiny into their own hands. Even in shrinking or slowing market conditions franchising offers a more secure way into business for once employed individuals. For franchisors that are recruiting now more than ever should be planning their network growth strategy. Banks are still keen to lend to new and expanding franchisees. Credit ratings are now more important than ever with the banks. Franchisors should be working closely with the leading banks to ensure they can effectively support their potential new recruits in their approach to the banks for funding.ng.

-Franchising is one bright spot in a lagging economy,” says Gregg Reynolds, chairman of the International Franchise Association, “Last year, more than 18,500 new franchise businesses were created, adding approximately 108,000 new jobs to the economy.”

We also offer a FREE review /consultation which can be person or by telephone.

Franchising is an opportunity to create really dramatic growth in your business. We can show you: How2Franchise your business – have your first paying franchisee within a few months.

We have testimonials from companies which we have helped to develop and prosper. http://www.how2franchise.co.uk/client-testimonials.html

For More Information Please Visit: Franchise Your Business

There are many different restaurants today that are franchising opportunities but there are a few that standout from the crowd. Pizza franchising has been among one of the most sought after type of restaurant available today. If you are interested in purchasing and utilizing some type of restaurant to further your career, than pizza franchising is a no brainer. One thing you should do initially is to do some research on the demographics of where your pizza franchising will be to determine whether or not the area can use another pizza joint or if some other venture would be better.

Pizza itself has been an icon in America for many years now. There are many Americans who eat pizza on a weekly basis and statistically, is one of the most consumed foods in America. Now, there are many different pizza franchising opportunities available all across this great nation of ours, but suggestions are that you should look into a franchise that is different from the rest of them. This can give owners the edge they need to make an impact in the area you live. The mom and pop pizza parlor on the corner of every town across America have stayed in business so long because they put a key ingredient in their product, love and fresh ingredients. This is the same way that a pizza franchising venture that you are looking to purchase should be run.

Another suggestion is that you take the opportunity to look up the history of the company. Finding some detailed information on how the company has been run and if there is a future for them in the market. This information will in itself will be a good indicator of whether or not the business is having success in franchising business or if they are just spinning their wheels. This feedback will also produce decision making abilities that many should follow in this type of situation. Today, pizza is a big business and if you do not have the right plan, you could be left behind while others are making a successful story out of life.

Hopefully, some of the information given here will help you think so decision about pizza franchisee opportunities that are available in your area. Individuals who are looking to start a business are in it to make money and if the company that you are dealing with initially, for the franchising, is not making a sound commitment to helping its franchisees succeed, then you might want to serve other pizza franchising opportunities available to you.

The benefits of franchising as a means of expanding a business are twofold. One, it involves low capital investment by the franchisor as the capital used to expand the network comes from franchisees. Two, by franchising the business, the franchisor places the expansion of his/her business in the hands of people who are motivated to make it work.

By using the franchisees’ capital, the franchisor is able to establish a large number of outlets in a short period of time. Rapid expansion can be achieved without incurring the overheads and costs associated with opening company-owned outlets. This brings benefit to both the franchisor and franchisee as it helps build consumer recognition quickly and establish the franchise.

The cost of expansion for the franchisor is usually limited to the cost of franchisee recruitment, training and assistance prior to opening. Franchisees invest their own equity and borrowed funds in premises, equipment, fixtures, furnishings, inventory and the working capital necessary to establish a franchise unit. The only cost to the franchisor are the overheads not met by the franchisee’s initial franchise fee.

The return on investment is much higher for businesses who expand through franchising. Because there is less capital employed, the franchisor’s profits are generated on a much lower capital investment. Although the revenue from franchised units is less than that received from company-owned outlets, a higher percentage of the revenue is profit.

Franchising also allows for the business to expand without spreading managerial resources across too many business units. A business owner may wish to keep his/her own operation small and tightly run. Operating more than a few outlets can drain business resources. A franchise system requires less management than a company owned chain of outlets.

Businesses choose franchising as a means of expanding their enterprise because of the ambition and energy of owner operators and sometimes – especially in the case of small, one-person enterprises – because the service provided by the franchise is very demanding and needs the extra attention of an owner manager. The owner manager is usually more motivated and effective than a salaried manager because he or she has a vested interest in the business.

Franchising has added attraction for expanding a business into foreign markets particularly those that are different, as most foreign markets are, to the franchisor’s home market. By using indigenous franchisees, the franchisor is tapping into local business knowledge which may prove beyond his or her capability to obtain otherwise. People who know the local scene well deal with legal and cultural differences more easily than an overseas company executive would.

Whatever the advantages of expanding a business through franchising, it is not without its disadvantages. Nor is it easily done. Successful businesses with franchisable concepts have failed to successfully franchise. Companies must meet certain criteria before embarking on the franchise route.

Even when they have met those criteria, prospective franchisors must be to ready to invest both money and time in the development of the franchise system. While it has its advantages, it is not a simple means to expansion.