Title: Different types of franchisees & the best profitable franchise- Tutors India
1DIFFERENT TYPES OF FRANCHISEES AND THE BEST
PROFITABLE FRANCHISE
An Academic presentation by Dr. Nancy Agens,
Head, Technical Operations, Tutors India
Group www.tutorsindia.com Email
info_at_tutorsindia.com
2Today's Discussion
OUTLINE
In Brief Introduction Franchise and its Types
Selecting a Franchise Conclusion
3In Brief
Franchising is a model of a business. The
franchise model for business promotes the growth
of the business and also offers flexibility in
business when the cash flow for the organization
is unsure. Franchising idea offers firm-specific
and location-specific conditions that describe
when and why some organizations grant franchising
and others do not. The franchising mechanism
offers leverage to entrepreneurship for
enhancing and sustaining the competitive position
of the firm when the cash flow is not certain
and the financial cost of the organization is
subject to competitive dissipation.
4Introduction
The main reason for an entrepreneur to opt for
the franchise system is foremost a high
possibility of leading a higher standard of
living and the proposal to receive training on
the job. It allows easy access to money, rapid
advertising penetration, growth of a distribution
system of a network, assisting motivated
entrepreneurs, and quick development
rates. Other growth constraints possessed by the
firm are relaxed by the franchising model. This
paper aims at demonstrating a model for the
selection of the best profitable
franchise. Contd..
5Figure 1 Franchise Characteristics
6Franchise and its Types
- The term franchise means the franchisor allows
the license to the franchisee which is another
party. - There are five categories used in the franchise
business. - RETAIL FRANCHISE In this type of franchise, the
retail premises will be occupied generally by
the franchisee and sell their goods or services. - MANAGEMENT FRANCHISE In this type of franchise,
the franchisee will perform marketing and manage
the business while their trained staff performs
the actual business activity. - Contd..
73. SINGLE OPERATOR FRANCHISE- MANUAL In this
type of franchise format, the franchisee
performs out the business on own.
- SINGLE OPERATOR FRANCHISE EXECUTIVE In this
type of franchise model, the franchisee performs
a professional service, selling and supplying
goods that need professional input,
user-support, and troubleshooting. - INVESTMENT FRANCHISE In this type of franchise,
the franchisor will be rich enough to invest, as
a corporate entity, makes a significant
investment in a franchise but does not have any
motivation of working in the business.
8Selecting a Franchise
Buying a franchise comes with risk and it is like
other investments. When selecting a particular
franchise keep in mind the demand for the
products or services even if the competitors
offer similar goods or services. The other thing
that should be in the mind of the franchisor is
the level of support they receive and their
reputation. A recognized and reputed franchise
with a well-known name will draw the attention of
the customers more likely than a new or unknown
franchise.
9Conclusion
- It is the easy part for finding opportunities to
get into business on your own. - Identifying and selecting a prepared financial
partner who is willing to invest in a - franchise business is still a bit more
challenging. - Mosquito Squad, Pillar to Post, and many others
offer ways to be a boss of your own business
without negotiating a lease for the business. - Another advantage of investing in a home-based
franchise is that you can be up and running
pretty fast.
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