| FAQs |
Q1. Which provides a better return on investment?There is little evidence to suggest that buying an existing store will generate a better return on investment than a new outlet. Existing outlet: This may appear lower risk as it is an already established business with existing performance indicators and regular clientele. However, even a site that has been profitable is not a guaranteed success for future owners – this is dependent on the hard work and attention of the owner. New outlet: Although it may appear higher risk and will require a lot more work up-front to raise the profile of the business, there are benefits. A new site is a clean slate and owners won’t have any hangovers from the previous owner’s choices, mistakes or reputation.
Q2. What are the Qualifications for owning i360 Franchise ?Cash liquidity requirement: Rs 3 lakhs – Rs 5 Lakhs (excluding Capex) Business Experience: Industry experience or General business experience, Marketing skills Operations – Absentee ownership of franchise is NOT allowed. Royalty- 25% , Agreement Period -3 years Training & Support – TTT for your new hires at HO, Marketing strategies, Sales Promotion Programs, Creatives for promotions, Meetings, Operation support processes, Certification, Indent Policy
Q3. Why education franchise ? What is the scope of Vocational Training ? What type of programs are available from i360 ?
Spends on private education to increase to $80bn by 2012:
- This reinforces the scope of vocational trainings like Call centre training program, Retail Sales, Service and operations training, Accounts and Financial training- Insurance, Mutual Fund and Stock Broking. To complement these Job oriented program are English Speaking, IELTS and Career Development Programs.
Q4. When someone starts a franchise, it is a small business idea transforming into reality. He works with a Franchisor to seek guidelines and support to shorten his learning experience. What are the Roles of Franchisor and franchisee ?Franchisor - R&D, Alliances, Content Aggregation, Industry Vetted Curriculum ,Assessments, Industry Project Workflows, IT Enabling, ERPs, Certification, Sales Operations, Branding Franchise - Responsible for the functioning of the centre
Q5. Is taking up education Franchise good for me? Would I have a profitable franchise venture ? Which franchise is the most lucrative option for me ?If you like the idea of being self employed yet entering the marketplace with an already established business then a franchise might be a good opportunity for you. If you love education field, interacting with young students of age 17+, have a passion to take lectures, understand the meaning of Quality education & delivery - then associate with i360 , No. 1 franchise opportunity waits for you. However, there is a lot to learn about franchises before taking a leap into this entrepreneurial world. Your previous business experience, amount of investment, and personal preferences will play a huge role in whether or not you are suited for a franchise. Plus, you will need to have a franchise idea to help you get started. All franchises have the possibility of being lucrative and they all have the possibility of failing. Most of the time the making or breaking of a franchise is the franchise owner and his ability to overcome problems that present themselves not to mention staying dedicated to the franchise at all times. There are three basic types of franchises, including wholesale distribution, products, and services. The type of franchise you should pick is not the one that has the supposed possibility of making you the most money because this simply won’t work. The most lucrative franchise for anyone is the one they find enjoyable and don’t mind dedicating all their free time to making a success.
Q6. What Franchise Idea is Best for You?Now that you have evaluated your liquidity, total investment, and personal business experience you are that much closer to finding the right franchise idea. Remember, however, that while having the financing and experience down there is still one very important element. What’s left you might be wondering? The answer is personal interest. If you are not personally interested in selling training’s and making the general public want to get trained more and more then you are going to have a tough time making your education franchise a success. So, when considering franchise ideas keep these three key points in mind, investment, experience, and personal interest, to make sure you find the best franchise for you.
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