SlideShare una empresa de Scribd logo
1 de 21
Descargar para leer sin conexión
Why is Franchise Business better option?
If you are contemplating on starting
your own business and looking for right
options,
franchise
business
is
something you must consider. There
are many reasons as to why franchise
business is a better option over others
but let us consider a few!
2
•

A Ready
Formula

3
If you consider every business to have its own process
and that business has tried many alternatives before
finalizing the best course of action that is most
profitable; you could call this course of action the
formula for achieving success! A franchise business
gives you this formulae ready in hand without years
of trying and testing and facing possible failures!
4
•

Minimum
Risk

5
It is indeed the minimized risk that has enabled the growth
of franchise business model in 21st century. The continued
research and development and the support from franchisor
ensures reduced risk, plus the franchise model’s ability to
survive the economic uncertainties has increased its
popularity among entrepreneurs today.

6
•

Established
Brand

7
One of the crucial element on which a
success of the product depends on is
the brand name. It takes years to build
that same and is a gamble until a
business achieves the very good brand
repute. In case of franchise, brand name
is easily purchased with a cost much
lesser than it would have been if built
by the entrepreneur.
8
•

Economic
Niche

9
It is most suitable for entrepreneurs with
limited assets and also who are looking for
minimal financial risks. Shared costs on
many services by franchisor, such as
marketing, research, advertising ensures
optimization of financial resources, further
fixed prices provide franchisees to forecast
most accurate budgets and plan effectively
for increasing business.
10
•Better
Marketing

11
Under franchise model, periodical marketing and
advertising is the responsibility of the franchisor.
For brand image franchisor too ensures effective
marketing. As most of the marketing and
advertising targets much larger audience there is
huge recognition of the product and or service at
a reasonable cost. Cost of marketing and
advertising is shared among all the franchisee
existing in a given target area making it cost
reasonable and affordable.
12
•Franchisor
Support

13
There is always a guiding hand that
minimizes the chances of failing to a
very great extent. Franchisors support
with guidance, hand holding and
consulting services. They are always
studying the performance and
intervening if franchisee needs
assistance in the way of business.
Training in any skill necessary is
provided to the entrepreneurs or his
team by the franchisor.
14
•Training
from
Franchisor

15
The initial days of setting up any business are very critical. The
entrepreneur has to decide on every element of business such as
location,
funds,
employees,
inventory,
purchase
of
assets, installation, designing of layout, process assimilation and
training the individuals in various skills. In franchise business
Franchisor guides the franchisee/ neo entrepreneur in each of
these utmost crucial decisions and gives specific skills training in
replicating the operations effectively.
16
•Accessible
Resources

17
Franchisor has an obligation to share intellectual property and
assist in procurement of various resources including the finances
in many cases(If agreed upon). Many franchisors aid to all
requirements through their vendors and other network channels.
18
So why not select the very
best business model of the
current century. With millions
of live examples available
there is no reason to hesitate
in contemplating on buying a
franchise business.
19
Indian Institute of Hardware and
Technology (IIHT) is a premier IT training
institute from India with its presence in 22
countries across Asia, Middle East and
Africa. IIHT has adopted franchise model
and has highly reputed franchise line of
over 300 centers across the world.
Visit IIHT for more information.
20
Corporate Headquarters
#15,Sri Lakshmi Complex, 4th Floor, St. Marks Road, Bangalore - 560 001. India
Tel: 91 80 6160 4545 e-mail: franchise@iihttechnologies.com
web: www.iihttechnologies.com/

21

Más contenido relacionado

Destacado

Franchise Model - Franchise as a Development Tool - Social Franchise Entreprise
Franchise Model - Franchise as a Development Tool - Social Franchise EntrepriseFranchise Model - Franchise as a Development Tool - Social Franchise Entreprise
Franchise Model - Franchise as a Development Tool - Social Franchise EntrepriseWattJet
 
Time Out International - Global Franchise Business
Time Out International - Global Franchise BusinessTime Out International - Global Franchise Business
Time Out International - Global Franchise BusinessTime_Out1
 
Think Franchising - The Benefits Of Franchising And Services Overview
Think Franchising  - The Benefits Of Franchising And Services OverviewThink Franchising  - The Benefits Of Franchising And Services Overview
Think Franchising - The Benefits Of Franchising And Services OverviewKeith Adams
 
Lilliput Franchise Presentation
Lilliput Franchise PresentationLilliput Franchise Presentation
Lilliput Franchise PresentationFranchiseExpo.in
 
Setting Up Help Desk And User Portal
Setting Up Help Desk And User PortalSetting Up Help Desk And User Portal
Setting Up Help Desk And User PortalSpiceworks
 
Customizing Help Desk & User Portal
Customizing Help Desk & User PortalCustomizing Help Desk & User Portal
Customizing Help Desk & User PortalSpiceworks
 

Destacado (7)

Franchise Model - Franchise as a Development Tool - Social Franchise Entreprise
Franchise Model - Franchise as a Development Tool - Social Franchise EntrepriseFranchise Model - Franchise as a Development Tool - Social Franchise Entreprise
Franchise Model - Franchise as a Development Tool - Social Franchise Entreprise
 
Time Out International - Global Franchise Business
Time Out International - Global Franchise BusinessTime Out International - Global Franchise Business
Time Out International - Global Franchise Business
 
Think Franchising - The Benefits Of Franchising And Services Overview
Think Franchising  - The Benefits Of Franchising And Services OverviewThink Franchising  - The Benefits Of Franchising And Services Overview
Think Franchising - The Benefits Of Franchising And Services Overview
 
Lilliput Franchise Presentation
Lilliput Franchise PresentationLilliput Franchise Presentation
Lilliput Franchise Presentation
 
Setting Up Help Desk And User Portal
Setting Up Help Desk And User PortalSetting Up Help Desk And User Portal
Setting Up Help Desk And User Portal
 
Customizing Help Desk & User Portal
Customizing Help Desk & User PortalCustomizing Help Desk & User Portal
Customizing Help Desk & User Portal
 
Help desk project
Help desk projectHelp desk project
Help desk project
 

Más de IIHT Technologies

Overcoming the challenges of IT Training in Non-English speaking countries
Overcoming the challenges of IT Training in Non-English speaking countriesOvercoming the challenges of IT Training in Non-English speaking countries
Overcoming the challenges of IT Training in Non-English speaking countriesIIHT Technologies
 
SA: The Skill Distribution and Colour
SA: The Skill Distribution and ColourSA: The Skill Distribution and Colour
SA: The Skill Distribution and ColourIIHT Technologies
 
IIHT Franchise Consulted for Skill Upgradation
IIHT Franchise Consulted for Skill UpgradationIIHT Franchise Consulted for Skill Upgradation
IIHT Franchise Consulted for Skill UpgradationIIHT Technologies
 
Pedagogy-Understanding Learning Mechanisms
Pedagogy-Understanding Learning MechanismsPedagogy-Understanding Learning Mechanisms
Pedagogy-Understanding Learning MechanismsIIHT Technologies
 
Business to Franchise, Franchise to Business
Business to Franchise, Franchise to BusinessBusiness to Franchise, Franchise to Business
Business to Franchise, Franchise to BusinessIIHT Technologies
 
Strategic alternatives to fight existential issues iiht franchise
Strategic alternatives to fight existential issues iiht franchiseStrategic alternatives to fight existential issues iiht franchise
Strategic alternatives to fight existential issues iiht franchiseIIHT Technologies
 

Más de IIHT Technologies (7)

Overcoming the challenges of IT Training in Non-English speaking countries
Overcoming the challenges of IT Training in Non-English speaking countriesOvercoming the challenges of IT Training in Non-English speaking countries
Overcoming the challenges of IT Training in Non-English speaking countries
 
SA: The Skill Distribution and Colour
SA: The Skill Distribution and ColourSA: The Skill Distribution and Colour
SA: The Skill Distribution and Colour
 
IIHT Franchise Consulted for Skill Upgradation
IIHT Franchise Consulted for Skill UpgradationIIHT Franchise Consulted for Skill Upgradation
IIHT Franchise Consulted for Skill Upgradation
 
Stepping it up a little
Stepping it up a littleStepping it up a little
Stepping it up a little
 
Pedagogy-Understanding Learning Mechanisms
Pedagogy-Understanding Learning MechanismsPedagogy-Understanding Learning Mechanisms
Pedagogy-Understanding Learning Mechanisms
 
Business to Franchise, Franchise to Business
Business to Franchise, Franchise to BusinessBusiness to Franchise, Franchise to Business
Business to Franchise, Franchise to Business
 
Strategic alternatives to fight existential issues iiht franchise
Strategic alternatives to fight existential issues iiht franchiseStrategic alternatives to fight existential issues iiht franchise
Strategic alternatives to fight existential issues iiht franchise
 

Último

UNLEASHING THE POWER OF PROGRAMMATIC ADVERTISING
UNLEASHING THE POWER OF PROGRAMMATIC ADVERTISINGUNLEASHING THE POWER OF PROGRAMMATIC ADVERTISING
UNLEASHING THE POWER OF PROGRAMMATIC ADVERTISINGlokeshwarmaha
 
Harvard Business Review.pptx | Navigating Labor Unrest (March-April 2024)
Harvard Business Review.pptx | Navigating Labor Unrest (March-April 2024)Harvard Business Review.pptx | Navigating Labor Unrest (March-April 2024)
Harvard Business Review.pptx | Navigating Labor Unrest (March-April 2024)tazeenaila12
 
The End of Business as Usual: Rewire the Way You Work to Succeed in the Consu...
The End of Business as Usual: Rewire the Way You Work to Succeed in the Consu...The End of Business as Usual: Rewire the Way You Work to Succeed in the Consu...
The End of Business as Usual: Rewire the Way You Work to Succeed in the Consu...Brian Solis
 
Michael Vidyakin: Introduction to PMO (UA)
Michael Vidyakin: Introduction to PMO (UA)Michael Vidyakin: Introduction to PMO (UA)
Michael Vidyakin: Introduction to PMO (UA)Lviv Startup Club
 
Borderless Access - Global B2B Panel book-unlock 2024
Borderless Access - Global B2B Panel book-unlock 2024Borderless Access - Global B2B Panel book-unlock 2024
Borderless Access - Global B2B Panel book-unlock 2024Borderless Access
 
Team B Mind Map for Organizational Chg..
Team B Mind Map for Organizational Chg..Team B Mind Map for Organizational Chg..
Team B Mind Map for Organizational Chg..dlewis191
 
Borderless Access - Global B2B Panel book-unlock 2024
Borderless Access - Global B2B Panel book-unlock 2024Borderless Access - Global B2B Panel book-unlock 2024
Borderless Access - Global B2B Panel book-unlock 2024Borderless Access
 
Intellectual Property Licensing Examples
Intellectual Property Licensing ExamplesIntellectual Property Licensing Examples
Intellectual Property Licensing Examplesamberjiles31
 
Tata Kelola Bisnis perushaan yang bergerak
Tata Kelola Bisnis perushaan yang bergerakTata Kelola Bisnis perushaan yang bergerak
Tata Kelola Bisnis perushaan yang bergerakEditores1
 
Building Your Personal Brand on LinkedIn - Expert Planet- 2024
 Building Your Personal Brand on LinkedIn - Expert Planet-  2024 Building Your Personal Brand on LinkedIn - Expert Planet-  2024
Building Your Personal Brand on LinkedIn - Expert Planet- 2024Stephan Koning
 
Borderless Access - Global Panel book-unlock 2024
Borderless Access - Global Panel book-unlock 2024Borderless Access - Global Panel book-unlock 2024
Borderless Access - Global Panel book-unlock 2024Borderless Access
 
Fabric RFID Wristbands in Ireland for Events and Festivals
Fabric RFID Wristbands in Ireland for Events and FestivalsFabric RFID Wristbands in Ireland for Events and Festivals
Fabric RFID Wristbands in Ireland for Events and FestivalsWristbands Ireland
 
Entrepreneurship & organisations: influences and organizations
Entrepreneurship & organisations: influences and organizationsEntrepreneurship & organisations: influences and organizations
Entrepreneurship & organisations: influences and organizationsP&CO
 
Talent Management research intelligence_13 paradigm shifts_20 March 2024.pdf
Talent Management research intelligence_13 paradigm shifts_20 March 2024.pdfTalent Management research intelligence_13 paradigm shifts_20 March 2024.pdf
Talent Management research intelligence_13 paradigm shifts_20 March 2024.pdfCharles Cotter, PhD
 
BCE24 | Virtual Brand Ambassadors: Making Brands Personal - John Meulemans
BCE24 | Virtual Brand Ambassadors: Making Brands Personal - John MeulemansBCE24 | Virtual Brand Ambassadors: Making Brands Personal - John Meulemans
BCE24 | Virtual Brand Ambassadors: Making Brands Personal - John MeulemansBBPMedia1
 
Mihir Menda - Member of Supervisory Board at RMZ
Mihir Menda - Member of Supervisory Board at RMZMihir Menda - Member of Supervisory Board at RMZ
Mihir Menda - Member of Supervisory Board at RMZKanakChauhan5
 
Q2 2024 APCO Geopolitical Radar - The Global Operating Environment for Business
Q2 2024 APCO Geopolitical Radar - The Global Operating Environment for BusinessQ2 2024 APCO Geopolitical Radar - The Global Operating Environment for Business
Q2 2024 APCO Geopolitical Radar - The Global Operating Environment for BusinessAPCO
 
Project Brief & Information Architecture Report
Project Brief & Information Architecture ReportProject Brief & Information Architecture Report
Project Brief & Information Architecture Reportamberjiles31
 
To Create Your Own Wig Online To Create Your Own Wig Online
To Create Your Own Wig Online  To Create Your Own Wig OnlineTo Create Your Own Wig Online  To Create Your Own Wig Online
To Create Your Own Wig Online To Create Your Own Wig Onlinelng ths
 

Último (20)

UNLEASHING THE POWER OF PROGRAMMATIC ADVERTISING
UNLEASHING THE POWER OF PROGRAMMATIC ADVERTISINGUNLEASHING THE POWER OF PROGRAMMATIC ADVERTISING
UNLEASHING THE POWER OF PROGRAMMATIC ADVERTISING
 
Harvard Business Review.pptx | Navigating Labor Unrest (March-April 2024)
Harvard Business Review.pptx | Navigating Labor Unrest (March-April 2024)Harvard Business Review.pptx | Navigating Labor Unrest (March-April 2024)
Harvard Business Review.pptx | Navigating Labor Unrest (March-April 2024)
 
The End of Business as Usual: Rewire the Way You Work to Succeed in the Consu...
The End of Business as Usual: Rewire the Way You Work to Succeed in the Consu...The End of Business as Usual: Rewire the Way You Work to Succeed in the Consu...
The End of Business as Usual: Rewire the Way You Work to Succeed in the Consu...
 
Michael Vidyakin: Introduction to PMO (UA)
Michael Vidyakin: Introduction to PMO (UA)Michael Vidyakin: Introduction to PMO (UA)
Michael Vidyakin: Introduction to PMO (UA)
 
Borderless Access - Global B2B Panel book-unlock 2024
Borderless Access - Global B2B Panel book-unlock 2024Borderless Access - Global B2B Panel book-unlock 2024
Borderless Access - Global B2B Panel book-unlock 2024
 
Team B Mind Map for Organizational Chg..
Team B Mind Map for Organizational Chg..Team B Mind Map for Organizational Chg..
Team B Mind Map for Organizational Chg..
 
Borderless Access - Global B2B Panel book-unlock 2024
Borderless Access - Global B2B Panel book-unlock 2024Borderless Access - Global B2B Panel book-unlock 2024
Borderless Access - Global B2B Panel book-unlock 2024
 
Intellectual Property Licensing Examples
Intellectual Property Licensing ExamplesIntellectual Property Licensing Examples
Intellectual Property Licensing Examples
 
Tata Kelola Bisnis perushaan yang bergerak
Tata Kelola Bisnis perushaan yang bergerakTata Kelola Bisnis perushaan yang bergerak
Tata Kelola Bisnis perushaan yang bergerak
 
Building Your Personal Brand on LinkedIn - Expert Planet- 2024
 Building Your Personal Brand on LinkedIn - Expert Planet-  2024 Building Your Personal Brand on LinkedIn - Expert Planet-  2024
Building Your Personal Brand on LinkedIn - Expert Planet- 2024
 
Borderless Access - Global Panel book-unlock 2024
Borderless Access - Global Panel book-unlock 2024Borderless Access - Global Panel book-unlock 2024
Borderless Access - Global Panel book-unlock 2024
 
Fabric RFID Wristbands in Ireland for Events and Festivals
Fabric RFID Wristbands in Ireland for Events and FestivalsFabric RFID Wristbands in Ireland for Events and Festivals
Fabric RFID Wristbands in Ireland for Events and Festivals
 
Entrepreneurship & organisations: influences and organizations
Entrepreneurship & organisations: influences and organizationsEntrepreneurship & organisations: influences and organizations
Entrepreneurship & organisations: influences and organizations
 
Talent Management research intelligence_13 paradigm shifts_20 March 2024.pdf
Talent Management research intelligence_13 paradigm shifts_20 March 2024.pdfTalent Management research intelligence_13 paradigm shifts_20 March 2024.pdf
Talent Management research intelligence_13 paradigm shifts_20 March 2024.pdf
 
BCE24 | Virtual Brand Ambassadors: Making Brands Personal - John Meulemans
BCE24 | Virtual Brand Ambassadors: Making Brands Personal - John MeulemansBCE24 | Virtual Brand Ambassadors: Making Brands Personal - John Meulemans
BCE24 | Virtual Brand Ambassadors: Making Brands Personal - John Meulemans
 
Mihir Menda - Member of Supervisory Board at RMZ
Mihir Menda - Member of Supervisory Board at RMZMihir Menda - Member of Supervisory Board at RMZ
Mihir Menda - Member of Supervisory Board at RMZ
 
Q2 2024 APCO Geopolitical Radar - The Global Operating Environment for Business
Q2 2024 APCO Geopolitical Radar - The Global Operating Environment for BusinessQ2 2024 APCO Geopolitical Radar - The Global Operating Environment for Business
Q2 2024 APCO Geopolitical Radar - The Global Operating Environment for Business
 
Project Brief & Information Architecture Report
Project Brief & Information Architecture ReportProject Brief & Information Architecture Report
Project Brief & Information Architecture Report
 
To Create Your Own Wig Online To Create Your Own Wig Online
To Create Your Own Wig Online  To Create Your Own Wig OnlineTo Create Your Own Wig Online  To Create Your Own Wig Online
To Create Your Own Wig Online To Create Your Own Wig Online
 
WAM Corporate Presentation Mar 25 2024.pdf
WAM Corporate Presentation Mar 25 2024.pdfWAM Corporate Presentation Mar 25 2024.pdf
WAM Corporate Presentation Mar 25 2024.pdf
 

Why is Franchise Business better option?

  • 2. If you are contemplating on starting your own business and looking for right options, franchise business is something you must consider. There are many reasons as to why franchise business is a better option over others but let us consider a few! 2
  • 4. If you consider every business to have its own process and that business has tried many alternatives before finalizing the best course of action that is most profitable; you could call this course of action the formula for achieving success! A franchise business gives you this formulae ready in hand without years of trying and testing and facing possible failures! 4
  • 6. It is indeed the minimized risk that has enabled the growth of franchise business model in 21st century. The continued research and development and the support from franchisor ensures reduced risk, plus the franchise model’s ability to survive the economic uncertainties has increased its popularity among entrepreneurs today. 6
  • 8. One of the crucial element on which a success of the product depends on is the brand name. It takes years to build that same and is a gamble until a business achieves the very good brand repute. In case of franchise, brand name is easily purchased with a cost much lesser than it would have been if built by the entrepreneur. 8
  • 10. It is most suitable for entrepreneurs with limited assets and also who are looking for minimal financial risks. Shared costs on many services by franchisor, such as marketing, research, advertising ensures optimization of financial resources, further fixed prices provide franchisees to forecast most accurate budgets and plan effectively for increasing business. 10
  • 12. Under franchise model, periodical marketing and advertising is the responsibility of the franchisor. For brand image franchisor too ensures effective marketing. As most of the marketing and advertising targets much larger audience there is huge recognition of the product and or service at a reasonable cost. Cost of marketing and advertising is shared among all the franchisee existing in a given target area making it cost reasonable and affordable. 12
  • 14. There is always a guiding hand that minimizes the chances of failing to a very great extent. Franchisors support with guidance, hand holding and consulting services. They are always studying the performance and intervening if franchisee needs assistance in the way of business. Training in any skill necessary is provided to the entrepreneurs or his team by the franchisor. 14
  • 16. The initial days of setting up any business are very critical. The entrepreneur has to decide on every element of business such as location, funds, employees, inventory, purchase of assets, installation, designing of layout, process assimilation and training the individuals in various skills. In franchise business Franchisor guides the franchisee/ neo entrepreneur in each of these utmost crucial decisions and gives specific skills training in replicating the operations effectively. 16
  • 18. Franchisor has an obligation to share intellectual property and assist in procurement of various resources including the finances in many cases(If agreed upon). Many franchisors aid to all requirements through their vendors and other network channels. 18
  • 19. So why not select the very best business model of the current century. With millions of live examples available there is no reason to hesitate in contemplating on buying a franchise business. 19
  • 20. Indian Institute of Hardware and Technology (IIHT) is a premier IT training institute from India with its presence in 22 countries across Asia, Middle East and Africa. IIHT has adopted franchise model and has highly reputed franchise line of over 300 centers across the world. Visit IIHT for more information. 20
  • 21. Corporate Headquarters #15,Sri Lakshmi Complex, 4th Floor, St. Marks Road, Bangalore - 560 001. India Tel: 91 80 6160 4545 e-mail: franchise@iihttechnologies.com web: www.iihttechnologies.com/ 21