With increasing awareness about being fit and healthy, people are taking gymnasiums and health centres more sincerely. With this awareness better opportunities are created for budding entrepreneurs in the health and fitness sector. In today’s world, own
Franchising, a little known way of doing business in India in the 1990s, has gained tremendous popularity because of the inherent merits of this business model.
Retail franchising in India is relatively new and in its infancy. There is no statutory definition of 'franchise' available in India as there is still no specific legislation in the country dealing with franchising.
Both franchisors as well as franchisees look forward for a strong franchise relationship but it is not always possible. However, to have a successful business it is essential to maintain healthy relationship with each other. Read on to know about the ways
Taking up a franchise is not a lifetime occupation. Franchisor signs up a franchisee for a fixed duration and keeps him intact till the time he is generating profits. The franchise agreement can come to an end even before the tenure is over or it can be e
Change and innovations always lead to a successful business venture. However in franchising, modification from time to time can be problematic for the franchisees creating differences among franchisor and franchisees. Read on to know more
In course of business, a franchisor may have to part ways with its franchise partner by terminating the franchise agreement. It is perhaps one of the trickiest decisions for a franchisor to make given the intricacies involved relating to legal and compens
Creating efficient, direct and sincere communication systems always helps the franchisor in establishing better relationship with their franchisees. The article takes a snapshot at what a franchisee expects from its franchisor in terms of effective commun
Discovery Day assumes significant importance in accepting or rejecting a franchise opportunity. Both the franchisor and the franchisee get to carefully analyse every detail before taking the final plunge. What is Discovery Day and what it entails? Read on
Franchise agreement is a guide in the franchising domain. So, it is very important for a franchisee to be comfortable with all its provisions before taking a franchise. And to attain this comfort level, you may feel to bring in some changes in the franchi
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