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Advisory 2009-10-26

A Great Option For Second Innings

Retirement does not mean to put a full stop to your professional career. With franchising as an option you can give a new shape to your professional life. Interested, the article throws light on franchising as an emerging profession for retirees.

By Abha GaryaliSub Editor

During your service tenure you always wanted to be entrepreneur, but due to various reasons you had not been able to take the risk. Now that you are retired from your services and have ample time and money, buying a franchise business is one of the best options to take a risk of fulfilling your dream of being an entrepreneur.

The best way to take a step forward is through franchising. Franchised businesses have experienced a rapid growth in the past few years and still have not shown any sign of its waning in the country. Moreover the franchised businesses are more successful than independently-owned businesses as it is a tried and tested method. The lack of risk in the franchise business adds another reason for the retirees to choose this over starting anything new.

Age is no criterion for the franchisor for selecting the prospective franchisees. Indeed, retired people suffice all the requisites of the franchisor in terms of cash for franchise investment, years of valuable work experience and acquired skills. Therefore they present better and brighter prospects to the franchisors.

Franchising, a fabulous opportunity

With a plethora of franchise opportunities and many new ones emerging in the country, below mentioned are a few reasons why franchising is a good option for the people nearing the retirement age:

Dream come true: Many of the Government officials and corporate executives dream of having their own business. This dream can come true post retirement by taking a franchise.

Less of risk involved:A successful franchise with an established product or service, and a good support system for franchisees, may be a viable option for someone looking at starting a business with less risk involved. Along with it the franchisor also supports the franchisee in the various promotional activities. The aspiring franchisees in late 50s can manage the franchised business well as they have plenty of prior experience of handling employees and clients.

Word of caution

Before taking up a franchise you are advised to take care of the below mentioned factors:

Health concerns: Middle and old age brings in some limitations in our physical strength and stamina, thereby reducing efficiency. To make the franchise work, you have to put in long and tiring hours which can be a bit difficult at times.

Money concerns: Another consideration is investing the life earnings in taking a franchise which can not guarantee 100 per cent success rate. Losing money at the later stage in life can be a risky situation.

If these concerns are well addressed then a franchising business is the best suited business option available.

Comment
vikky bajaj : 21, Oct 2009 at 12:36 PM
i want to franchise of levis jeans at raipur chhattisgarh we also have good location a big shop at city centre mall at pandri cloth market raipur chattisgarh my contact no. 09826116099
Hement Sindwaani : 06, Nov 2009 at 12:17 AM
Iwant the Franchise of DEnim in Rohtak Haryana. What is the Proicedur & Requiremnt for the Franchise and what will you reqd from My side..
pranay patni : 22, Nov 2009 at 02:14 AM
i want a franchise of killer jeans in chhindwara (m.P).Tell me the procedure n some details for this.
sunny narula : 06, Dec 2009 at 01:58 AM
i would like to have a franchise of killer jeans in Rudarpur(uttarkhand),we have the supreme most location in the heart of the city for the outlet,i would like to know about the procedure and the investment required . sunny narula 9997229086
shyam : 11, Dec 2009 at 11:03 PM
i want a franchise of levis strauss at ongle in andhrapradesh what is the procedure to have the franchise
BONEY HIRANI : 27, Dec 2009 at 05:19 AM
i want a franchise of killer jeans in mandsaur( mp)ihave a expirence of 40 year in retail and fmcg business also exclusive show room of action shoes.what is the procedure to have the franchise.
pawan israni : 02, Jan 2010 at 12:09 AM
i would like to have a franchise of "Levis Jeans" from Nagpur (mah)i have a commercial property in good location .tell me some detial for the invesment.
Esha Toprani : 31, Jan 2010 at 11:25 PM
I would like to have a franchise of Levis strauss in Mumbai.Would be sherely interested to know what would the procedure and the investment incurred in such store be like.
Pushpendra Chandel : 14, Feb 2010 at 01:52 AM
I would like to have a franchise of Levis strauss in Jaipur ( Rajasthan).Would be sherely interested to know what would the procedure and the investment incurred in such store be like.
shiva : 12, Sep 2010 at 06:45 AM
hi sir, i want franchise of levis jeans in andhrapradesh we also have a good location in,hanmakonda,mancherial,karimnagar.
M.Raju : 17, Dec 2010 at 04:19 AM
I would like to have a franchise color plus exclusive show room in Karimnagar ( Andhrapradesh).Would be sherely interested to know what would the procedure and the investment incurred in such store be like
M.Raju : 17, Dec 2010 at 05:01 AM
hi sir, i want franchise of Allen solley in andhrapradesh we also have a good location in,karimnagar
pooja agrawal : 12, Jan 2011 at 03:03 AM
i want to franchise of lee cooper at orissa(sambalpur) we also have good location a big shop
sanjay : 21, Sep 2011 at 11:51 AM
I would like to have a franchise of flying machine in hanumangarh ( Rajasthan).Would be sherely interested to know what would the procedure and the investment incurred in such store be like.
s K Gupta : 27, Nov 2011 at 12:07 PM
I would like to have a franchise of Levis Leasn in Dehradun Uttaranchal.pl let me know the procedure for becoming franchisee and investmentetc,
pushpen : 05, Dec 2011 at 12:33 PM
tak franchise in ratnagiri
siddharth : 19, Jan 2012 at 09:20 PM
i want franchies of branded jeans retail store &n my investment is 5lakhs. i want to open store in mumbai or varanasi.
ATMA PRAKASH GOLI : 01, Feb 2012 at 11:43 PM
i want to franchise of branded jeans like koutons.i want to open a store in hanamkonda & HUZURABAD, DIST: karimnagar,
ATMA PRAKASH GOLI : 02, Feb 2012 at 12:03 AM
hi, i want to franchise of branded jeans at huzurabad & hanamkonda , we also have a good location a big shop .
ATMA PRAKASH GOLI : 02, Feb 2012 at 12:04 AM
hi, i want to franchise of branded jeans at huzurabad & hanamkonda , we also have a good location a big shop .\r\n
eshwar : 20, Feb 2012 at 11:08 PM
I want to complete details of retail garment showroom franchise.i am interested in dilshukhnagar,hyderabad,ap.
Mohit Makkad : 28, Mar 2012 at 12:02 PM
i want to franchise of levis jeans at Mandsaur ,madhya pradesh..i too have a big area to open the showroom,plz contact me at my email id
Hiten Sampat : 21, Jun 2012 at 12:44 PM
Hi, I would be interested to know more about retailing in garments.. how can we put all different brands in one store..thx
rajeev : 29, Oct 2012 at 09:39 AM
dear sir i want to start the store of denim jeans please suggest me the procedure and investment plan.
pradeepkedia : 25, Sep 2013 at 01:52 PM
Sir, i want to franchise of jeans and t - shirt at Jharkhand - Ranchi. We have good space location in Ranchi.
SHYAM BHONDE : 11, Oct 2013 at 10:42 AM
i want franchise of Denim jeans so please tell me procedure and how much amount i shall need
anand : 21, Oct 2013 at 03:44 PM
i want to franchise of jockey underwear & garments in mumbai.
sanjay raut : 28, Dec 2013 at 07:33 PM
dear sir i want to start the store of denim jeans please suggest me the procedure and investment plan in hyderabad
srikanth kumar : 08, Jan 2014 at 12:11 PM
i want to start the store of denim jeans please suggest me the procedure and investment plan in hyderabad
Ramesh : 11, Feb 2014 at 03:38 PM
I want to start a store of denim jeans in Hyderabad . please suggest me the procedure to start the store and investment plan.
yatin jani : 01, Mar 2014 at 03:16 PM
i am intrested in branded cloth but is that 100% pure.
HEMANT : 29, Mar 2014 at 12:02 PM
i want to franchise of FLYING MACHINE jeans at ETAWAH U.P we also have good location a big shop at city BABA mall at etawah cloth market
venkatesh : 17, May 2014 at 03:44 PM
I want to launch the store of spykar jeans in hanumakonda so please suggest me how can i start the store and investment plane
SANTOSH : 11, Dec 2014 at 07:22 PM
i am interested to take the franchise of denim jeans in hyderabad or district head quarter in telangana state so send the mail to my id
vivekananda : 25, Feb 2015 at 12:08 PM
how to start a denim jeans outlet
Rajkumar Reddy : 25, Feb 2015 at 06:16 PM
i am interested to take the franchise of denim jeans in hyderabad or district head quarter in telangana state so send the mail to my id.
mahesh : 26, Feb 2015 at 11:42 AM
hi i would like to take denim franchise plz tel me the procedure
kuldeep thakur : 28, Mar 2015 at 08:03 PM
i want to start denim jeans bussiness in parbhani maharastra plz suggest me how to start
Devender : 30, Sep 2015 at 12:13 PM
I would like to have a franchise of Numero UNO jeans in Dehradun uttarkhand),we have the plan for location in the heart of the city for the outlet,i would like to know about the procedure and the investment required. Devender
VIPIN PATEL : 20, Oct 2015 at 01:55 PM
I want to start Denim jeans business in Vadodara, Gujarat, please suggest me how to start.
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