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What is Franchising?
• Franchising:
– Is NOT a business or an industry.
– Is a method of distributing products and services to
consumers.
– Utilizes a network of local owners (“locally owned and
operated”) operating under a shared brand.
• Franchisees:
– Pay the franchisor for the right to do business under
the shared brand
– Operate under a specified, controlled business method
or format
• Franchisors:
– Provide significant initial and on-going support
Advantages & Disadvantages
for Franchisee
Advantages
• Proven System
• On-going support
• Training
• Constant Improvements
• Purchasing Power
Disadvantages
• Following someone else’s rules
• Upfront fee
• On-going royalty
• No guarantees
What is today’s HOT franchise?
There is no such thing!
So how do you find the right business?
Determine what you want the business to do for you
Inputs:
• Experience
• Finances
• Time
Goals:
• Lifestyle
• Professional
• Financial
Business
If you only consider things you
“like” or have done before, you are
boxing yourself in
So how do you find the right business?
Determine what you want the business to do for you
Inputs:
• Experience
• Finances
• Time
Goals:
• Lifestyle
• Professional
• Financial
Business
If you only consider things you
“like” or have done before, you are
boxing yourself in

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Franchise india business opportunities

  • 1.
  • 2. What is Franchising? • Franchising: – Is NOT a business or an industry. – Is a method of distributing products and services to consumers. – Utilizes a network of local owners (“locally owned and operated”) operating under a shared brand. • Franchisees: – Pay the franchisor for the right to do business under the shared brand – Operate under a specified, controlled business method or format • Franchisors: – Provide significant initial and on-going support
  • 3. Advantages & Disadvantages for Franchisee Advantages • Proven System • On-going support • Training • Constant Improvements • Purchasing Power Disadvantages • Following someone else’s rules • Upfront fee • On-going royalty • No guarantees
  • 4. What is today’s HOT franchise? There is no such thing!
  • 5. So how do you find the right business? Determine what you want the business to do for you Inputs: • Experience • Finances • Time Goals: • Lifestyle • Professional • Financial Business If you only consider things you “like” or have done before, you are boxing yourself in
  • 6. So how do you find the right business? Determine what you want the business to do for you Inputs: • Experience • Finances • Time Goals: • Lifestyle • Professional • Financial Business If you only consider things you “like” or have done before, you are boxing yourself in