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The Benefits of the Franchise Model

The Benefits of the Franchise Model

Brand, Business, Entrepreneurs
The Benefits of the Franchise Model Franchising provides benefits for both seller and buyer. For franchisors, the primary benefit is the ability to use other people's money to expand the brand more rapidly than they could either on their own or through investors or lenders. The initial franchise fee and ongoing royalties they collect allow franchisors to build their brand without sacrificing control to outsiders or the pressure of repaying lenders. The fees and royalties are used to fund operations at corporate headquarters, train and support franchisees, market and advertise the brand, improve the quality of goods or services, and build the brand in the marketplace. For franchisees, benefits include: a higher chance of success than in a sole proprietorship; shorter time to opening
The 9 Advantages of Franchising 

The 9 Advantages of Franchising 

Business, Entrepreneurs
The 9 Advantages of Franchising Image credit: Pexels The primary advantages for most companies entering the realm of franchising are capital, speed of growth, motivated management, and risk reduction -- but there are many others as well. 1. Capital The most common barrier to expansion faced by today’s small businesses is lack of access to capital. Even before the credit-tightening of 2008-2009 and the “new normal” that ensued, entrepreneurs often found that their growth goals outstripped their ability to fund them. Franchising, as an alternative form of capital acquisition, offers some advantages. The primary reason most entrepreneurs turn to franchising is that it allows them to expand without the risk of debt or the cost of equity. First, since the franchisee provide

75 Ideas for Businesses You Can Launch for Cheap or Free

Business, Entrepreneurs
Today, many people today are looking to leave the daily grind for something that feeds their passion. People do not want to retire at the age of 60 (or older) to look back on life and feel they have wasted it. Luckily, it is now increasingly easy to start a business from scratch without spending a fortune. Below, I've highlighted 75 varied business ideas you can start cheaply from the comforts of your own home. Some of the business ideas listed require nothing more than an internet connection, while others demand a level of licensing or a specific set of vocational skills...the choice is yours! 1. Making Chatbots I am quoted on entrepreneur.com as  "ChatBot expert Murray Newlands commented that "Where 10 years ago every company needed a website and five  years ago every company needed
Wealth-X Reveals: The Top 10 Wealthiest Jewellers In India

Wealth-X Reveals: The Top 10 Wealthiest Jewellers In India

Brand, Business, Entrepreneurs, Jewellery, News
Wealth-X Reveals: The Top 10 Wealthiest Jewellers In India Jul 01, 2015, 01:00 ET from Wealth-X SINGAPORE, July 1, 2015 /PRNewswire/ -- T. S. Kalayanaraman, the chairman and managing director of Kalyan Jewellers, claimed the top spot on a Wealth-X list of India's wealthiest jewellers released today with a personal fortune of US$1.3 billion. Kalayanaraman opened his first jewellery shop in Thrissur City in 1993 with only US$100,000 of capital, and his business has since expanded to 32 showrooms across South India. Nirav Modi ranks second on the Wealth-X list with an estimated net worth of US$1.1 billion. Born into a family of Indian diamantaires, Modi left the family business in 1999 and launched his own company, Firestar Diamonds. In 2007, Firestar D
Top Jewellery Franchise Opportunities of 2017

Top Jewellery Franchise Opportunities of 2017

Business, Entrepreneurs, Jewellery
Jewellery Franchise Opportunities of 2017 Jewelry has been an integral part of human civilization. Some people wear jewelry because they adore it and some wear it as a necessity, you won’t find any woman who is not wearing any sort of jewelry. Jewelry is also used at auspicious occasions like marriages, engagements, etc. Jewelry is a symbols power and prestige. Jewelry is also worn to deliver style statement and be fashionable. Jewelry retail stores are one of the most profitable businesses now days. These stores are primarily engaged in the retail sale of jewelry, such as diamonds and other precious stones mounted in precious metals and sold as rings, earrings, necklaces, nose pins, bracelets, sterling, plated silverware, watches, etc. Running a jewelry business is quite simple if you
Top 6 jewellers who Rules India’s gold Market

Top 6 jewellers who Rules India’s gold Market

Business, Entrepreneurs, Jewellery
Top 6 jewellers who Rules India's gold Market Even as gold prices decline, jewellers are doing brisk trade. ET profile six of India’s leading jewellers who are leaving behind a glittering trail — regionally, nationally and even globally.   Cherish Gold – World’s Largest Virtual Jewellery Mall Mr. Satish Panchariya, Chairman Key Business Fact: Among top 5 jewellers in the worldUSP: Value for money Mr. Satish Panchariya, a man with excellent skills and leadership strength, is the Group Chairman of KSS Limited. He belongs to a Marwari business family that has an enriched business background. An entrepreneur with the vision to be one of the leading Business profiles from India at an early age of 17 years, his first step to the world of business was in the year 1989 in