Start your own business : Franchise

Many people would have visited KFC's and mcdonalds , have you ever wondered who is the actual owners of these shops?
These are actually franchises owned by people like us who chose a right platform for starting a small business .
First of all let us think what made these people in starting a franchise instead of starting their own business
Advantages of franchise over own business
* Brand name has already been established (like KFC's)
* Less amount is needed in marketing sector
* The original owners will readily help in producing products which you sell(guidance)
* Customers will be loyal , so increase in sales.

People who want to be entrepreneurs but lack in proper idea can readily invest their money in franchises.
Depending upon the nature and brand value of the company which you think of starting a franchise ,the money for starting it will increase.

To know about different franchises and the amount you need to start them
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What are all the requirements for owning a franchise

1) Investment - To start a well known franchise you require atleast 10 lakhs - 50 lakhs .But the minimum amount needed is just 10000 bucks.So all you need is just 10k to start your own business.

2) You need to pay a minimum fee called as brand/franchise fee to the company which you want to start franchise of.

3) You have to provide them about the property details where you want to start the outlet as these people will be too cautious to prevent any damage for their brand.


What is the advantage of the original company

1) A company needs huge capital in starting their business at a place which they don't know exactly about.This is main reason why many products of big companies and some of the big companies failed to reach milestones in certain places.
Without a proper study of the place where they are going to start none of them can survive.

2) Companies want to develop their brands to place beyond their reach.These can easily be obtained by this franchise concept.All they have to do is a little transfer of knowledge of their products and their business model.

3) The franchise is yielding profit or not the original company will get their money in the form of Franchise/Brand Fee and Royalty/Commission .So its always a win win situation for them.


Visit the site to know about best franchises!!! coming soon