Showing posts with label Start a New Business. Show all posts
Showing posts with label Start a New Business. Show all posts

Monday, March 29, 2010

Top 100 Franchise Business Opportunities In India

ENTREPRENEURS:START A NEW BUSINESS.EXPLORE INDIA'S LIST OF FINEST FRANCHISE BRANDS.

Mar 29, 2010 – A look at the franchising Industry and the Top 100 Brands 2010 from different industries evaluated on the basis of their success, growth and concepts offered has been done by the franchising world magazine by Franchise India. The evaluation seems to have been done seeing the success and growth of the brand and how far they have been successful in retaining their success.A peek into the rankings reveals the following:

Established franchisors: Established franchisors are referred to as Masters of Franchising. These brands have successfully grown over the past 10 years and have contributed greatly to the franchise industry. The survey has listed 30 franchisors representing 30 brands in various sectors of franchising like, Education and pre-school, F&B, Apparel, Florists, Gifts and Greetings, Consumer Durable, Fashion and Accessories, Beauty, Health and Fitness, Automotive, Financial Service, and Bookstore Franchises.

Education Franchise: The most successful sector in the category of established brands is education and pre-school sector. Education franchising is the most established and lucrative franchise segment due growth of literacy rate and also due to the increase in disposable income particularly among the middle classes Moreover, the success of institutes such as Arena Multimedia, Cadd Centre, ICA, Jetking and NIIT show that the job opportunities in animation courses and the dependency on computers make more and more students opt for higher computer and software courses. With English language proving to be essential for job seekers, companies like Veta are the most successful franchises. Pre-schools are also proposed to be the best profit makers. With the increase in working women, the pre-schools are gaining momentum. Eurokids and Kidzee are among the top brands in pre-school category.

F&B:Food Franchise: With more and more people preferring to dine out and celebrate the small moments of life, the F&B is the next prominent category among the established players in franchising. Among the Indian players Sagar Ratna (south Indian cuisine) and Club City (multi specialty chain) are included in the top 30 established companies. Kwality Wall’s (ice-creams), Monginis (bakery chain), Amul (milk products)have also been included in the F&B sector.

Apparel:Garment Franchise: Franchisors in apparel segment have also established themselves successfully. Chhabra 555 leads the Indian wear category. Madura Garments, a readymade apparel chain and Raymonds, renowned textile company also occupy this section. They are followed by branded Western wear Spykar.

Beauty Franchise, Health, and Fitness Brands: Healthy soul rests in healthy body is what all beauty, health and fitness franchisors swear by. This trend has prompted the beauty and fitness brands to establish themselves as successful franchisors. With Indians, getting more beauty and health conscious, this sector provides ample business opportunities to the aspirants. Shahnaz Husain Group and VLCC are top established franchisors in this beauty and fitness category. Thyrocare is a leading established Diagnostic centre, offering franchise opportunity.

Fashion and accessory brands: With the changing preferences, there is a transition of traditional market to being more trendy and contemporary markets. With mostly women and youngsters preferring to endow themselves with jewellery and trendy accessories, this section also occupies our list of top established brands. Tanishq and Titan are the top players in the section.

Besides these, florists, gifts, automotive, financial services, consumer durables and book stores are the dominating established franchise categories. These sectors are also providing ample business opportunities to the aspirants to get associated with the successful franchisors.

Having highlighted the top established franchisors in India the decision for all aspiring entrepreneurs to take up the franchise business is much easier now.
explore the franchise lists that are available online.

So, what are you waiting for? Explore the various opportunities available in India and start franchising.

Thursday, January 28, 2010

Franchise Business In India

If you wish to do a business with least amount of risk you can opt for franchise business in India. You must know what the business is all about. In this business a parent company or franchisors lends his brand name and a business system. As a franchise you need to pay for the right to do business under the franchisor’s name and system. The contract by which the two parties are bound is called the franchise.

Franchise Business Opportunities in India
Franchise industry in India has witnessed a growth rate of 25-30 per cent. This makes it one of the fastest growing industries in India. In the next couple of years it is expected to entrench itself further. The Indian fats expanding middle class in India now has more disposable income than before. This augments well for the franchise industry. Franchising as a way of doing business is accepted widely throughout the country.

How to Start Franchise Business?
If you wish to start a franchise business you need to find out what you are quite good or what is it that you enjoy doing. Seek the help of friends and family members to learn more about what kind of franchise to choose. These people particularly family members can give you full support as they will have to bear.

You need to consider fiscal questions, like how much do the franchise cost and the potential earnings from the business. A badly chosen franchise may cause you to loose heavily. And to know all this you need to carry out extensive research. The Franchise Association of India site is a very good starting point, and it provides many good pointers.

Before you start a franchise business make sure all paperwork is in line with franchising guidelines in India. You need to take the advice lawyers and accountants before signing any agreements. It is also important to carry out interviews with present franchises to determine satisfaction within the system.

Important Things to Do:

* Visit and talk to as many franchises as possible.
* Talk to the franchise companies and gather an idea of the previous record of the company. Ask as many questions as possible. Do home work for this purpose.
* Be very thorough in your investigation
* Carry out comparative analysis of other franchises preferably in the same businesses
* Be thoroughly aware of the terms of your agreement
* Room for financial maneuverability is essential. Plan for more expense and less profitability than you think you need.

What to Avoid:

* Never Hurry. Cutting down on research can be risky.
* Avoid being optimistic about your personal finances. Be conservative and realistic

Small Franchise Business in Mumbai, India
Mumbai being the financial capital of India has multitude of business houses which offers franchise opportunities around the country. The range of franchise offered is varied and numerous. You can avail franchise in small businesses like food, greeting cards and gifts, jewelry, fashion houses, beauty parlors, education and lots more. Franchise directories of Mumbai can provide you the list of franchisor in your chosen fields.

Franchising in India can be successfully used to start and expand a business.

Source:http://www.ejobz.in/businesses-in-india/franchisee-business-in-india.html

Friday, January 22, 2010

Can Professionals Start & Run a Succesful Franchise Business.

Interesting Story of How Professionals can be succesful frantrepreneurs:
For many of us cooped up in offices and working against punishing deadlines, the ultimate dream is of quitting the rat race to follow our passion and be one’s own boss. But, for most, it remains just that: a chimera that we hesitate to translate into action due to life’s practicalities. Fortunately, there are some – like Aniruddha Gharat, Vijay Kumar and Aparna Tomar – who left their comfort zones to plunge into the unknown.

Franchisees of Little Italy (managed by Shubham Foods – the company they created) the trio earlier worked in the Information Technology sector. Aniruddha says that it was IT that brought him to Bangalore but, after 15 years, he began to feel “Enough is enough”. Not that the industry was treating him badly. Far from it.

Having been with Infosys for a considerable period, he led a very comfortable life. But there was a restlessness that had him toying with the idea of setting up his own business. His wife – a dentist, supported him as he contemplated farming and hotel business. Avid foodies, they were naturally drawn to the latter.

In 2007 Aniruddha left Infosys and joined Satyam even as he evaluated possibilities in the food sector. Though bent on becoming an entrepreneur, he was concerned about having a safety net so his focus was on a franchise. “It was in the middle of this that we happened to be looking for a venue for our younger son’s birthday celebration,” recollects Aniruddha.

“Someone recommended Little Italy in Indiranagar (which closed down recently). I was impressed with the model. And it was a franchise! So I started doing homework on the brand.” Meanwhile, he talked to Vijay – former colleague, car pool partner, neighbour, long time friend and a foodie.

Like Aniruddha, Infosys had brought Vijay to the city. Equally keen to do something on his own, Vijay became part of the venture without hesitation. Together they met the Chief Managing Director (CMD) of Little Italy in Mumbai who showed them around the branches in that city and in Pune. He also introduced them to Aparna and her husband Navin, who were already interested in the franchise.

Aparna had earlier worked with IBM and TechMahindra in Bangalore. Realising that they were comfortable as a team, the three joined forces. In late January 2009 their business venture became operational in a two storied leased property in a quiet by lane of Koramangala. Serving the trademark vegetarian Italian and Mexican cuisines that Little Italy is known for, it became the 25th branch in the country.

With the capital being raised between the three and pooled into the venture, the financial stakes were high. They could not afford a failure. So in between the euphoria of finally flying on one’s own, there was also the apprehension of waiting to break even. “The restaurant started making profits four to five months down the line,” so it wasn’t too bad,” says Aniruddha.

“But we had to spend quite a bit on the bar license,” he adds. He admits that the challenge of tackling these kinds of issues is difficult for people who come from middle class families. “As a salaried person, you are shielded from the realities of the business sector. Besides, you are brought up with certain values like being ethical in your dealings. This was like going against our principles. However, you cannot let such things be a deterrent to your goal. You have to be mentally strong.”

You also must be passionate about your work and have complete family support. “On weekends, when most people take time off, we have to be around to deal with anything that crops up. And then there’s the minor issue of income,” points out Aniruddha, wryly. Since most of the profits are ploughed back into the business, the take home packet is rather small when compared to the fat salaries they once earned. “Earlier, we used to spend on anything we wanted. Now, we think before we spend,” he says.

For smoother operations, the three partners have divided tasks. Aniruddha interacts with guests and looks after customer service and communication aspects; Aparna handles HR and kitchen operations and Vijay manages the inventory and stores. But all three are hands on, with each one individually capable of handling day to day issues at the restaurant.

Close to a year since its inception, the restaurant has grown rather popular, largely through word of mouth publicity. Go on any day and you see a wide spectrum of people – families from the many residential complexes around, professionals from the IT industry seeking a fine dining option for a working lunch and youngsters from the nearby colleges and shopping mall. The weekday buffet, recently introduced, is a major draw for those looking for value for money.

The buffet, a difficult concept in Italian cuisine, is only followed in two Little Italy branches – in Hyderabad and here. “The advantage of being a franchisee of this brand is that we have creative freedom when it comes to the menu and décor, as well as the ability to price according to competition,” says Aniruddha. “At the same time, there is support from the main office such as a central staff pool from which we can draw if we have a problem. If you are a newcomer to this industry, it is better to go in for the franchise model since this kind of operational support is critical,” she adds.

For budding entrepreneurs who are worried about the capital investment, Aniruddha has this advice: “Banks give loans at attractive interest rates. But draw up a sound and convincing business plan and you could approach even venture capitalists for funding.”

So are these entrepreneurs thinking of an encore? “When we were researching for this venture, we had some other ideas like floriculture and organic farming. While the next logical step would be to do something in the food business, Vijay and I always talk of writing a book together,” says Aniruddha. “Who knows, someday we might give Chetan Bhagat a run for his money!” he ripostes with a grin.

Like Aniruddha, Aparna & Vijay, even you could choose the right franchise opportunity for yourself and venture out to taking up tried, tested and proven franchise business concepts.

Please speak to India's Finest Franchise Consultants on 09844443200 to help you understand a business that fits your profile.Visit www.sparkleminds.com

Thursday, December 24, 2009

Franchise Expo @ Ahmedabad on 8/9 Jan 2010

Franchise Business seekers in Ahmedabad & the Gujarat region can look forward to the franchise expo at ahmedabad at the grand bhagwati on the 8th & 9th Jan 2010.

Companies seeking franchisees/business partners in ahmedabad and looking to expand their business in the gujarat region can seek this opportunity to interact with more than 5000 serious franchise buyers expected to visit the expo.

Entrepreneurs could look forward to companies in the food, education, retail, services, home based opportunities, low investment option, master franchisees, international franchisees and all kinds of businesses that would be displayed at the event during the 2 days.

You could also catch up with the franchise experts /franchise consultants (www.sparkleminds.com) who would help you choose a business of your choice or help you expand your business through franchising.

Visit us at the franchise expo amdavad for complete franchise solutions.

Monday, December 7, 2009

Franchise Business Opportunities In India

India is one country that offers various franchise and business opportunities. In todays cut throat competitive world everyone wants to stay ahead in the race of success and for that majority people have decided to indulge themselves into business.
Seeing todays movement you can say that franchise is one business which is riding high these days and with the entrance of foreign and big players more franchise and business opportunities have popped up. According to the experts, franchise business is the safest business as it involves less investment with more revenue. Thats why more and more people are now moving towards the available franchise opportunities. The franchise business is in boom these days as many big and international food giants are looking for the people who can help them in setting up their outlet in India.
This sudden need has created a lot of franchise and business opportunities for the people and anyone cashing this opportunity now will always be on the profitable side. Indias vast geographical expanse, multilingual culture, strong and powerful economy and also growing middle class all clubbed together provide excellent franchise and business opportunities in India. Franchise business is riding high these days in India and there is a sudden boom in various sectors such as food and beverage, raw materials, power supply, fuel, tourism, services and even commercial ventures.

Recently, United Nations Conference on Trade and Development or widely known as UNCTAD reported that, currently India is comfortably positioned among the top four Asian destinations for foreign direct investment. And by this you can predict that, soon more and more foreign companies will be coming and setting up their base in India. This means more lucrative franchise and business opportunities in India. Another main reason behind this boom is that the cost of hiring an employee in India is much lower than the west, thats why, so much work is outsourced to India and many companies are setting up their operations here.

Thus, if you wish to achieve success and also the revenue then this is the time to hunt and cash on the franchise and business opportunities available in India. For more information on franchise and business opportunities, business opportunities India, franchise companies in India and franchise opportunities India please visit www.sparkleminds.com

Friday, December 4, 2009

International Commercial Cleaning Franchise In India

New Zealand's largest commercial cleaning franchise, Crest Commercial Cleaning, has struck up a deal in India which will see it operating in around a dozen cities and employing thousands of people in the next two years.

Since securing the country licence agreement in 2008, Crest Commercial Cleaning (India) Pvt. has employed 300 people in India. It is now on track to expand that to 3000 employees in the next two years, as a growing number of companies in India place more emphasis on hygiene and cleanliness.

"We have established ourselves in this powerhouse economy at an opportune time," says Crest co-owner and spokesperson Grant McLauchlan "As the Indian economy becomes more sophisticated, customers, particularly international corporates, are demanding better hygiene standards.

"Many people tell us that one of the big barriers to doing business in India is hygiene and so we are seeing savvy companies starting to make that a priority," Mr McLauchlan says, on his return from a business trip to India last week.

He says with a 6-9 per cent growth rate and a population of a billion people, India's growth potential is huge.

"The country has developed more of a Western feel in the big cities and there are large shopping malls and office blocks emerging all over the skyline."

"Obviously there is an opportunity for us to maintain these buildings, whether it is the provision of cleaning services or electrical and mechanical maintenance of the infrastructure."

He says cleaning, or housekeeping as it is known in India, is worth around $150 billion per annum but is currently serviced by untrained, poorly resourced contracting companies.

Competition for customers is tough as hundreds of new shopping malls try to attract people through cleaner more hygienic environments for the new middle class, which is relocating to Indian cities.

Mr McLauchlan says Crest is doing well in the Indian market because it is a quality brand, with excellent training programmes in place for staff. The training in India is based on New Zealand standards. Crest New Zealand cleaning staff in New Zealand are required to undertake an NZQA recognised qualification which leads to a National Certificate in Cleaning and Caretaking.

"Training cleaning staff to achieve nationally recognised qualifications makes more sense for commercial cleaners than hiring unskilled staff," he says "Training has a very positive effect on morale, motivation and on the person's ability to carry out cleaning to high standards.

"While New Zealand and India are our focus over the next two years we are looking at expanding into other Asia countries and the Middle East beyond that," he said.

Hence entrepreneurs in India can look forward to a host of international service franchisees lining up in India to offer their services to the indian consumer.