Franchising benefits for boot-strapping entrepreneurs
Hotline: 1800 102 2007
X
Search Business Opportunities

Franchising benefits for boot-strapping entrepreneurs

As an aftermath to economic recession, franchising has emerged as a lucrative career opportunity. Youth today is giving more preference to franchising as it is a successful business model. Why and How, let us find out

By
Franchising benefits for boot-strapping entrepreneurs

Franchising has emerged as one of the greatest business opportunities across the world and an increasing number of people especially the youth are embracing it with fervour over the past 5 years. Currently, with the uncertainties in the job market due to the economic slowdown more and more youth is seen opting for franchising to set up and run their business. Why is this so? Franchising solves two key problems typically faced by the youth – inexperience and lack of financial resources. Most of the youth is inexperienced and lack the know-how to set up and maintain a start up. Lack of financial resources is also a major hindrance at this stage when one is just setting up one’s career.

Running a business independently indeed can be challenging, especially for the beginners. This is where being associated with a franchisor greatly helps. A franchisor has already established a renowned brand and has developed all the tools and systems required to run the business successfully. There is transfer of knowledge and resources – the franchisor extends the solutions and garnered information to the franchisee – greatly enhancing the learning curve. The mistakes have already been made and the lessons already learnt!  Franchisors already have developed their own marketing solutions, training support, and have already established a brand for the market, drastically reducing risk – perhaps this remains the biggest advantages of franchising. The potential for high returns hence increases drastically.

In India, education franchising has evolved in a big way and has come to form a major share in the sector. This is further accentuated with the number of opportunities that have opened in the sector over the past 5 years with the rise in vocational courses like hospitality, aviation, retail etc. Education is of prime importance to the people in the country and the sector is relatively unaffected by recession. According to a sector report by a leading financial institution, even the poorer sections of the society spend about 20 per cent of their disposable incomes in the education of their wards in private institutes. There is a lot of potential due to the large population of youth in the country (the largest in the world) and yet a significant number of them are yet to receive quality education. Also, the education sector in India is largely unorganised and since education franchising has already been accepted well in the country there’s never been a better time to invest in education.  

Irrespective of the industry chosen, the key factors that every entrepreneur should aim for are the commitment to deliver the best and a sincerity to work out the nitty-gritty’s of business. Knowledge in the industry that one opts for also makes a huge difference. The most important factor is attitude - there needs to be a passion to strive and perform to the best of one’s ability – this will surely guarantee success.

Comment
vinod : 07, Mar 2011 at 07:44 AM
dear i wanna to start the beauty training center at ajmer, including women and gents parlor. plz help me, i have exp in insurance sector don't know any thing about this business. plz help me to start the business.
Rakesh : 25, Mar 2012 at 10:43 PM
Hi i have 6 years experience in cosmetics can you give me more detail about this.
Capten : 24, Apr 2012 at 12:21 AM
Greetings, this is a genuinely aosnrbibg web blog and I have cherished studying many of the content and posts contained on the web site, keep up the outstanding work and desire to read a good deal more stimulating articles in the future.
Related opportunities
  • Catering
    About Us: Established in 1989, Lajawab Culinary Art is a premium..
    Locations looking for expansion Delhi
    Establishment year 1989
    Franchising Launch Date 2018
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 6000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Ice creams & Yogurt Parlors
    About: Born out of passion, Papa Cream is an innovative and..
    Locations looking for expansion Delhi
    Establishment year 2010
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
  • Healthcare Products
    About Us: Fitnesstack is a premier brand for Fitness and Bodybuilding..
    Locations looking for expansion Haryana
    Establishment year 2013
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Furniture/Home Decor & Furnishing
    About Us: ▪ The innovative and creative business concept of ''Paint-Lib''..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities
More Stories

Free Advice - Ask Our Experts