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[F562]Franchise Opportunities In India

by Matthew Franchise Anderson, Mat

Firstly it has to have a proven business model and this is where many franchises fail their franchisees. I call them "Made To Franchise" businesses and these are there to take the franchise fee + a monthly % of profits or a licensing fee, a lot of the time these ready meal franchisors do not care at all about the franchisee and make claims of huge profits over short periods of time, although there can be certain scenarios where this works it is often the case that the franchisee makes loses and over time the system as a whole will fail with the franchisors leaving the existing zees ridden with debt. Made to franchise businesses who go in without a proven business model are not a good franchise opportunity to buy into.

When a new franchise comes onto the market they should be looking to set up several pilot franchises and run them over the course of a few years, establishing that their system works and working closely with each zee. As a prospective franchisee looking at a new franchise on the scene you should be asking some choice questions:

1. How long has this franchise opportunity been on the market?
2. How many existing franchisees are there?
3. Am I one of the pilot franchises?
4. How long was the business model running before they franchised?

The most important question there is number 4. If the business has only been up for a year or less before they franchised then you are buying into a made to franchise business, a ready mealer. This is not necessarily bad news though as with the right people running the operation this could be a new, exciting and profitable opportunity, however in a lot of cases this is not true and you could be buying into a failing business model.

There are many franchises opportunities out there, old and new, when buying a franchise the first thing that comes to mind is that you are buying into an existing, established, reputable business, and most times you are but... In America and Canada they call it "Due Diligence" This is where the onus is on you to do a thorough investigation of each organisation you are looking to buy into. Do not be bullied or conned into buying a franchise by the franchisor, do not be fooled into believing you will make £200,000 in your first year, go away with the facts they have given you and investigate. Contact existing franchisees and use the Internet to search for any bad reviews. Post messages in forums asking what people think and do Google searches. Websites like Rip Off Reports can give you a valuable way of finding any bad reviews by ex franchisees, remembering though that an ex-franchisee may give a bad report where 10 current ones are making a success of their franchise.

When buying a franchise opportunity the choice is yours as to whether you are set up for life or losing your life savings so investigate, investigate, investigate.

These franchises vary from extra education and exercise to school photography and children's salons. There is a large market for these businesses, as according to the last US census there are approximately 40 million kids under the age of ten.

A range of education franchises have been established to supplement learning in schools and to offer extra tutoring to those struggling with their work.

One of the most established is Kumon, which has consistently ranked highly in Entrepreneur Magazine's Franchise 500.

It focuses on reading and mathematics and in centres across North America, children have the time to make steady progression in stages, where they only move on once they can consistently master reading passages and mathematical problems in a given period of time.

Others such as Mind Labs provide games for young children that are fun, but also require thinking to solve problems and be successful.

Children's fitness and diet franchises have been established to offer a solution to the growing number of children in most countries considered overweight and obese.

According to the American Obesity Association, approximately 30.3 per cent of children (ages six to 11) are overweight and 15.3 percent are obese. For adolescents (ages 12 to 19), 30.4 per cent are overweight and 15.5 percent are obese.

Franchises such as My Gym Children's Fitness Center and Gymboree provide children with structured activities such as dance, running relays, fun games, gymnastics, sports to improve their health and fitness at a level they can deal with.

A growing trend that children's franchise owners often point out is that people are having children later in life, usually in their mid-30s as opposed to mid-20s. In most cases, older parents are more financially stable, meaning that they have additional money to spend on their children's development.

In addition, the longevity of older people is increasing, meaning that grandparents have more years to spend money on their grandchildren.

However, franchisees must be able to handle these demanding and flexible franchises in the right way to make them a success.

It is vitally important that they do not treat their franchise too much like a commercially driven business. The main focus should be on creating a service that will appeal to children and making sure they get something out of it.

Therefore, as well as needing to like children and work well with them, franchisees should make their business have enjoyable aspects to it, from songs and videos to help with learning to a play area for children to occupy while they wait to get their hair cut or styled.

They also need to have structures in place to cope with busy and quieter periods, for example during school holidays and conversely when children are at school.

Article Source : Franchise Opportunities

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Both Matthew Franchise Anderson & Diarmuid Kieran are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Matthew Franchise Anderson has sinced written about articles on various topics from Franchise, Franchise Opportunities In and Carpet Cleaning and Upholstery. Matthew Anderson is a franchise consultant and founder of The Franchise Shop, a UK business franchise directory featuring everything from. Matthew Franchise Anderson's top article generates over 14800 views. to your Favourites.

Diarmuid Kieran has sinced written about articles on various topics from Franchise Opportunities In, Franchise and Information Technology. Webmaster for websites.. Diarmuid Kieran's top article generates over 40500 views. to your Favourites.