The Harmony Of Franchise: Franchiser and Franchisee
A smart individual believes in expanding the wings of opportunity and soaring high over obstacles, thereby tasting success. Such attitude if born by a businessman, helps him/her in the long run, thus making the patrons of the cut-throat world well versed with the practices and opportunities that nest there. India is a land of opportunities, for it is blessed with the fruits of mother nature – fruits, vegetables spices et al – and that’s not all, the land flourishes with natural floral delights, that are now being brought into apt usage by the ace business minds. Flower business in India is the new boom and it’s going nowhere else other than perking up, making creamy amounts of profit for the parent business. The domestic sales, when aided by the exports, account for the fact that flower business is the new vogue in the business arena.
This very cosmic harmony of demand and supply allows the top players to expand their business by granting a license to a third party allowing them to distribute their goods and services. Along with these basics, a franchisee is also allowed access to the operating system and support of the franchiser, and is also enabled to do business with the trademark of the latter. This is called Franchising. And the flower business is on the verge of becoming one of the best franchise in India. So if one desires to ventures in this territory, one must really become familiar with the road that leads to the franchise business.
Points a Franchiser should keep in mind:
The franchiser is the one who tends to make the utmost profit in the franchising scenario. This implies that the franchiser is also burdened with quite some responsibilities. Say if a Flower businessman wants to voyage into franchising, then he/she must be tad sure that their business is ready for the venture. The product they want to franchise should be in demand and must have had made profitable sales and also forecasting to do so in the future. The concept with which the businessman executes the franchise is the ‘trump’ card. A carefully well-conceived concept is capable of executing splendid feat for the business.
The company should also be financially ready. Where there is a probability of profits, there also exists the scope for loss. A well-planned concept bears the financial status of the company in mind. A thorough market research is a necessary motif for the franchiser. To learn of the scope of your product in the future market is a smart decision. The rest that follows is the consideration of the legal requirements and the paperwork. With all accomplished, you can hire a team of best key individuals and get set go.
Points a Franchisee should keep in mind:
A franchisee is an entity who is going to sweep profits off the products of the franchiser. Becoming a smart franchiser is often a wise decision for budding business individuals. Say, you crave to be in the flower business and thereby you tend to become a franchisee of an organization that specializes in the same. For accomplishing this very task, one should regard a few key points. First, work with the best if you want to be regarded as the best. When it comes to the flower business, search for the best franchise in India that deals with your aspirations.
This shall enable you to take the right decision. Franchisee consultants are not trustworthy and thus an aspiring franchisee should communicate directly with the Franchise owners and keep a thorough study of them. Devour the terms and conditions along with the other information that is provided in the UFOC (granted by the franchise) very carefully. Once you are satisfied with the franchise and its objectives, then you definitely check the profit that you shall end up making based upon your investment. Involve trustworthy people and keep a tab on the parent company, and this mantra shall perhaps conjure fulfilling profits for you as a franchisee.
Being a Franchiser allows you to be your own boss, the king of your own empire who lends his/her name to expand the empire thereby becoming a mammoth image. Even as a Franchisee, one is independent of nearly all the risks and is backed up by a potential help (Franchiser). This sets the worries aside and a franchisee can also concentrate on tasting success by setting all the worries aside. Flower business is offering vital opportunities in the world of franchising these days, so why wait to become one of the best franchise in India?