Choosing a new Career Path !!!

476 views

Published on

There are options such as starting with a completely own business or taking up a franchise, starting a small sized business or a medium size and so on. Self employment has many advantages as it provides many options wherein each individual could realize his or her potential and make a choice based on their strengths and weaknesses. If a person is passionate about a certain business and has the knowledge, network and finance required; to pursue business in same line would be the most apt decision.

Published in: Education, Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
476
On SlideShare
0
From Embeds
0
Number of Embeds
10
Actions
Shares
0
Downloads
4
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Choosing a new Career Path !!!

  1. 1. completely on their own. What counts’ is – the attitude and the commitment. ‘Not all are made for self employment’ – Is that true? Not really! Every one possesses ability to analyze, lead, build or 100 other qualities needed to be an entrepreneur. It is just a matter of choice. Some choose to work as an employee, some like to be an employer and some just an entrepreneur who is Transition from out-of-a-paid-job to self-employment is a huge career move for anyone in any part of the world. The most difficult task is to make the decision itself. It is necessary to streamline various abilities and options, analyze potential before getting into conclusion.
  2. 2. Self employment is an option that has its own pros and cons. Therefore it is important to carefully analyze individual potential before making the choice, not to see if one has the abilities. Having awareness of self, helps in handling or tackling the issues as one can be more prepared by training self in the areas of improvement. Any book on self employment will state that the qualities of an entrepreneur encompass Confidence, Self Starter, Competitive, Creative, Leader, Determined, Strong People Skills, Work Ethic, Passion and ability to face Failure. It is however true that everybody possesses these skills and the skills are set to take better shape with experience. What then is most important? ‘The willingness’. Every individual thinks of starting something on their own at one point of time or the other!!
  3. 3. There are options such as starting with a completely own business or taking up a franchise, starting a small sized business or a medium size and so on. Self employment has many advantages as it provides many options wherein each individual could realize his or her potential and make a choice based on their strengths and weaknesses. If a person is passionate about a certain business and has the knowledge, network and finance required; to pursue business in same line would be the most apt decision. For an individual who wants to be in a considerably protected zone, with least risk possible and proven business formulae to run the show, a franchise would be correct option. Franchise business options are available in all sizes from one man to over 100 employees; all industries and professions.
  4. 4. Franchising is most sought after self employment of the current era for many reasons. Reasons such as :  Tried and tested formula & proven success  Reduced risk  Established brand name  The economic niche  Initial training and set up  Shared marketing  Continuous support  Controlled territory rights and competition  Financing  Accessible information on business. It is however important to make the right choices before zeroing down to a franchise. Considering features of business such as :  The relationship between franchisor and franchisee  Extent of authority  Finance, legal and rights aspects of the business
  5. 5. is also very essential. IIHT Technologies, India is for example, a franchisor company which offers a business proposition to train the youth in latest technologies. The fast growing technologies do not let a business such as a training institute in technologies ever to go out of business!! IIHT Technologies Franchises are well in demand almost in all countries as the structured learning offered by it in an enabled education eco system has resulted in exponential growth of the company. It allows any new franchisee to fully understand the terms and carefully analyze the potential before entering into the franchise agreement. The franchise opportunity is available in various sizes such as a few short term courses to master’s graduation and customizes its product as per the requirement in the region of delivery. Salient features such as these, make franchise business more preferred as the self-employed/ franchisee also enjoys faster and greater return on investment. Transition from ‘employed to self employment’ thus encompasses determination, commitment, research, analyzing potentials, exploring opportunities, choosing the best alternatives and initiating the process.
  6. 6. Corporate Headquarters #15,Sri Lakshmi Complex, 4th Floor, St. Marks Road, Bangalore - 560 001. India Tel: 91 80 6160 4545 e-mail: franchise@iihttechnologies.com web: www.iihttechnologies.com/

×