Trends

Trends

Stabilised finances: success mantra for franchising

Opportunity India Desk Sep 29, 2017 - 3 min read

Success and failures are a part of every business endeavour. Investments are often seen as expenses in hard time. Rather than feeling pity, a franchisee or franchisor should try to come out of this stressful situation. Many a times, the franchisee in order to save his business may try to restrain the spending costs. Everything ...

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Re-selling: a boon for franchising

Opportunity India Desk Sep 29, 2017 - 5 min read

A franchise re-sale takes place when an existing franchisee wishes to sell their franchise to the new franchisees. Re-selling can take place for many reasons. Though the franchisor owns the brand and is the brain behind the brand but as franchisee has signed a franchise agreement and has taken up the franchise in lieu of ...

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Engineering the management team

Opportunity India Desk Sep 29, 2017 - 4 min read

A management team holds a great significance in the growth and sustenance of a business. Being a franchisor, it is not necessary that you have all the prima facie required to run your business smoothly. Therefore, it becomes essential for the franchisor to build a management team in order to operate successfully. This team of ...

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Franchise consultant: a must for franchisors

Opportunity India Desk Sep 29, 2017 - 4 min read

With the booming franchise industry, new concepts and career opportunities are already making ways into the main stream franchising arena. Franchise consulting is one concept that has gained importance in the last few years. Aspiring entrepreneurs who wants to enter the field of franchising may feel satisfied by searching and hiring franchisees from the different ...

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Keeping the boundaries intact!

Opportunity India Desk Sep 29, 2017 - 4 min read

Franchise territory is a restricted area, which is allocated to a particular franchisee to make his outlet popular in that area/locality. Most of the franchisees being new to the business world may not be familiar with the importance of a good location for the success of their business. Many of them also do not give ...

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Bitter failure can lead to sweet success

Opportunity India Desk Sep 29, 2017 - 4 min read

With the growing popularity of the concept of franchising, more and more entrepreneurs are jumping in to try out this profitable venture. However, success cannot be guaranteed in any business venture and same is the case with franchising. Many aspirants enter into this domain with high expectations to make it big. But, their hopes shatter ...

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Refranchising: A Profitable Business Concept

Opportunity India Desk Sep 29, 2017 - 5 min read

Refranchising has gained huge success as a profitable business concept. Franchisors today are pursuing refranchising for a number of reasons. One of the prominent reasons for selling company owned stores is enhanced profitability. It is an excellent way to increase the profit margins because this way the company generates high value franchise fees and ...

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Marketing Franchisee: The New-Age Sales Person

Opportunity India Desk Sep 29, 2017 - 5 min read

Marketing Franchisee (MF) is a unique concept which involves direct selling of a product or services to its consumers. As Prashant Tambe, National Head - Direct Sales, Reliance Webstore Ltd says, “It is a direct selling concept with few enhancements. It is one of the innovative franchise concepts that ask for low investment and ...

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Discount counts

Opportunity India Desk Sep 29, 2017 - 3 min read

Who wouldn’t love to save a penny? Every one loves discounts. Be it housewives saving a penny after a quick bargain with the shopkeepers on a purchased item or any one of us buying a piece of clothing at a lesser price than the MRP at local apparel store. But what if the discount is ...

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Crafting a bouquet of brands

Opportunity India Desk Sep 29, 2017 - 5 min read

A franchisee who is successful in operating and managing his/her first franchise often looks at new opportunities for expanding the business. One of the most lucrative ways to expand further is making your outlet a multi-brand outlet. Owning a multi-brand franchise is a wonderful option to increase your profit share. As Rod Young, ED, DC ...

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