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Different types of franchisees & the best profitable franchise- Tutors India

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.<br>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. Franchisees enjoy great incentives from the business to make an entrepreneurial surplus, which enhances the value of the franchisor. This paper aims at demonstrating a model for the selection of the best profitable franchise.<br>Franchise Types:<br>1.tRetail franchise<br>2.tManagement Franchise<br>3.tSingle Operator Franchise<br>4.tSingle Operator Franchise<br>5.tInvestment Franchise<br>For more details visit: http://bit.ly/2XFvZav<br>Contact: t<br>Website: www.tutorsindia.com<br>Email: info@tutorsindia.com<br>United Kingdom: 44-1143520021<br>India: 91-4448137070<br>Whatsapp Number: 91-8754446690<br>

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Different types of franchisees & the best profitable franchise- Tutors India

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  1. DIFFERENT 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@tutorsindia.com

  2. Today's Discussion OUTLINE In Brief Introduction Franchise and its Types Selecting a Franchise Conclusion

  3. In 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.

  4. Introduction 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..

  5. Figure 1: Franchise Characteristics

  6. Franchise 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. 1. RETAIL FRANCHISE: In this type of franchise, the retail premises will be occupied generally by the franchisee and sell their goods or services. 2. 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..

  7. 3. SINGLE OPERATOR FRANCHISE- MANUAL: In this type of franchise format, the franchisee performs out the business on own. 4. 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. 5. 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.

  8. Selecting 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.

  9. Conclusion 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.

  10. CONTACT US UNITED KINGDOM +44-1143520021 INDIA +91-4448137070 EMAIL info@tutorsindia.com

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