FRANCHISE BUSINESS
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This document provides an overview of franchising as an emerging service business in India. It defines a franchise as a type of license that allows a party (franchisee) to sell a product or service under a business's (franchisor) name in exchange for fees and royalties. The document discusses factors like franchising agreements, types of franchising (product/trade name and business format), advantages like reduced risk and operational support, and disadvantages like fees and limited freedom. It also briefly covers related emerging service businesses - factoring, logistics, and outsourcing.
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Webinar Slides: Business Combinations
Original air date: Aug. 23, 2017
Rebroadcast and recording info at http://www.mhmcpa.com
The new definition of a business also affects accounting for complex transactions. As a result of the accounting standards changes, fewer transactions may qualify as business combinations.
During this session, we will discuss the new definition of a business and the critical issues surrounding business combinations. We will also provide examples of applying the acquisition method.
Decision Making Tactics and Strategies for Merger & Acquisition
Mergers and acquisitions are transactions in which the ownership of companies, other business organizations, or their operating units are transferred or consolidated with other entities.
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This document discusses franchising and outsourcing as management tools. It defines franchising as transmitting business expertise from a successful company to independent entrepreneurs in exchange for fees. Benefits for franchisors include access to capital and local expertise, while franchisees gain reduced risk and ongoing support. Outsourcing is defined as hiring external companies to perform business functions to cut costs and focus on core activities. The document provides examples of how engineering companies could implement franchising and outsourcing strategies. It describes a project outsourcing the design of printed circuit boards to reduce expenses.
Business combinations
The Industrial revolution paved the way for the development of the Joint Stock Enterprises and large scale business. The doctrine of free competition combined with the expansion of markets to attract a large number of producers and made them think of the ways and means by which unhealthy and wasteful competition could be avoided
To combine is simply to become one of the parts of a whole or group for the prosecution of some common purposes.
Entry strategies in international marketing
This document discusses various entry strategies for international marketing. It outlines 10 main strategies: exporting, licensing, franchising, contract manufacturing, management contracts, joint ventures, strategic alliances, mergers and acquisitions, wholly-owned subsidiaries, and turnkey projects. Each strategy is briefly defined and an example is provided. The strategies range from more indirect, lower commitment options like exporting and licensing, to higher commitment options that involve greater control like wholly-owned subsidiaries.
Franchising
Franchising involves a franchisor granting exclusive rights to a franchisee to distribute products or services in a specific territory. The franchisee pays initial and ongoing fees in exchange for use of the franchisor's brand name and business model. Key aspects of franchising include mutually agreed terms between the two parties, franchisor support for the franchisee through training and operations guidance, and obligations of the franchisee to follow procedures and pay fees. Franchising provides benefits for both parties such as business expansion for the franchisor and a proven system for the franchisee, but also risks such as reduced control and profit sharing. Potential franchisees should carefully evaluate opportunity costs and support when considering a franchise.
Think Franchising - The Benefits Of Franchising And Services Overview
Brief summary of what franchising is and the services offered by thinkFranchising
- What is Franchising?
- Advantages of Franchising
- Potential Disadvantages of Franchising
- How to build a successful franchise
- The Franchising Process
- thinkFranchising services
- Why use thinkFranchising?
- What can we do for you?
Franchise mart
Franchising
A marketing system revolving around a two-party agreement, whereby the franchisee conducts business according to the terms specified by the franchisor
Franchisee
An entrepreneur whose power is limited by a contractual agreement with a franchisor
Franchisor
The party in the franchise contract that specifies the methods to be followed and the terms to be met by the other party
Franchisor Controls on Franchisees
Restricting of sales territory
Requiring site approval and imposing requirement on the outlet’s appearance
Restricting the goods/ services that can be sold
Requiring specific operating hours
Controlling advertising
Contact:Franchisemart
ring Road,21st century
surat-395004
No-09909960054
Recommended
Webinar Slides: Business Combinations
Original air date: Aug. 23, 2017
Rebroadcast and recording info at http://www.mhmcpa.com
The new definition of a business also affects accounting for complex transactions. As a result of the accounting standards changes, fewer transactions may qualify as business combinations.
During this session, we will discuss the new definition of a business and the critical issues surrounding business combinations. We will also provide examples of applying the acquisition method.
Decision Making Tactics and Strategies for Merger & Acquisition
Mergers and acquisitions are transactions in which the ownership of companies, other business organizations, or their operating units are transferred or consolidated with other entities.
Mergers and acquisitions are an important part of corporate restructuring.
M&A improving accessibility to clients in new attractive markets.
Improved financial and credit position.
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This document discusses franchising and outsourcing as management tools. It defines franchising as transmitting business expertise from a successful company to independent entrepreneurs in exchange for fees. Benefits for franchisors include access to capital and local expertise, while franchisees gain reduced risk and ongoing support. Outsourcing is defined as hiring external companies to perform business functions to cut costs and focus on core activities. The document provides examples of how engineering companies could implement franchising and outsourcing strategies. It describes a project outsourcing the design of printed circuit boards to reduce expenses.
Business combinations
The Industrial revolution paved the way for the development of the Joint Stock Enterprises and large scale business. The doctrine of free competition combined with the expansion of markets to attract a large number of producers and made them think of the ways and means by which unhealthy and wasteful competition could be avoided
To combine is simply to become one of the parts of a whole or group for the prosecution of some common purposes.
Entry strategies in international marketing
This document discusses various entry strategies for international marketing. It outlines 10 main strategies: exporting, licensing, franchising, contract manufacturing, management contracts, joint ventures, strategic alliances, mergers and acquisitions, wholly-owned subsidiaries, and turnkey projects. Each strategy is briefly defined and an example is provided. The strategies range from more indirect, lower commitment options like exporting and licensing, to higher commitment options that involve greater control like wholly-owned subsidiaries.
Franchising
Franchising involves a franchisor granting exclusive rights to a franchisee to distribute products or services in a specific territory. The franchisee pays initial and ongoing fees in exchange for use of the franchisor's brand name and business model. Key aspects of franchising include mutually agreed terms between the two parties, franchisor support for the franchisee through training and operations guidance, and obligations of the franchisee to follow procedures and pay fees. Franchising provides benefits for both parties such as business expansion for the franchisor and a proven system for the franchisee, but also risks such as reduced control and profit sharing. Potential franchisees should carefully evaluate opportunity costs and support when considering a franchise.
Think Franchising - The Benefits Of Franchising And Services Overview
Brief summary of what franchising is and the services offered by thinkFranchising
- What is Franchising?
- Advantages of Franchising
- Potential Disadvantages of Franchising
- How to build a successful franchise
- The Franchising Process
- thinkFranchising services
- Why use thinkFranchising?
- What can we do for you?
Franchise mart
Franchising
A marketing system revolving around a two-party agreement, whereby the franchisee conducts business according to the terms specified by the franchisor
Franchisee
An entrepreneur whose power is limited by a contractual agreement with a franchisor
Franchisor
The party in the franchise contract that specifies the methods to be followed and the terms to be met by the other party
Franchisor Controls on Franchisees
Restricting of sales territory
Requiring site approval and imposing requirement on the outlet’s appearance
Restricting the goods/ services that can be sold
Requiring specific operating hours
Controlling advertising
Contact:Franchisemart
ring Road,21st century
surat-395004
No-09909960054
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Advantages of Franchising vs. Corporate Locations
Franchise Growth Partners values building a community of Entrepreneurs of new and emerging franchise companies who share and learn through peer to peer interaction. We currently provide Consulting, Strategic & Operational Business Planning, Franchise Marketing and Lead Generation, Franchise Sales Training Certification, Legal Document Preparation (FDD), Franchisee Operations Manual, and essential support services to companies throughout the United States. Our support services include: Commercial Leasing, Franchisee Funding and a Cloud-based Franchise Operation System.
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This document discusses franchising as a business model. It defines franchising as a legal relationship between a franchisor and franchisee where the franchisee is granted use of the franchisor's brand and business system. It outlines the main types of franchises and discusses the key elements of an effective franchise system including the brand, operating system, support system and franchisee. The advantages for both franchisors and franchisees are provided. Steps for developing an effective franchise strategy are also summarized.
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This document discusses several topics related to franchising:
1. It explains what franchising is and how the business model works, including the two main types of franchise systems.
2. It describes the steps entrepreneurs can take to establish a franchise system, including selecting and developing effective franchisees.
3. It discusses the advantages and disadvantages of establishing a franchise system from the perspectives of both the franchisor and franchisee.
4. It outlines important considerations and steps involved for entrepreneurs interested in buying an existing franchise, including evaluating costs, finding the right franchise opportunity, and legal aspects of the franchise relationship.
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Strategic alliances and outsourcing logistics operations to third-party logistics (3PL) providers is an emerging trend. Companies are outsourcing non-core logistics functions like transportation, warehousing, and inventory management to focus on their core business areas and gain access to specialized expertise. Using 3PL providers allows companies to improve efficiency, reduce costs, gain access to new technologies and markets, and obtain value-added services. Common logistics activities that are outsourced include warehousing, transportation, customs clearance, and inventory management.
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Franchise Growth Partners values building a community of Entrepreneurs of new and emerging franchise companies who share and learn through peer to peer interaction. We currently provide Consulting, Strategic & Operational Business Planning, Franchise Marketing and Lead Generation, Franchise Sales Training Certification, Legal Document Preparation (FDD), Franchisee Operations Manual, and essential support services to companies throughout the United States. Our support services include: Commercial Leasing, Franchisee Funding and a Cloud-based Franchise Operation System.
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This document discusses several topics related to franchising:
1. It explains what franchising is and how the business model works, including the two main types of franchise systems.
2. It describes the steps entrepreneurs can take to establish a franchise system, including selecting and developing effective franchisees.
3. It discusses the advantages and disadvantages of establishing a franchise system from the perspectives of both the franchisor and franchisee.
4. It outlines important considerations and steps involved for entrepreneurs interested in buying an existing franchise, including evaluating costs, finding the right franchise opportunity, and legal aspects of the franchise relationship.
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An electric motor is a device that converts electrical energy into mechanical energy. It works by passing an electric current through a conductor coil located in a magnetic field, which creates a force on the coil and causes it to rotate. Electric motors are crucial to modern life as they are used in many appliances and machines, powering things like fans, drills, and vehicles. The speed of an electric motor's coil rotation can be increased by strengthening the current, increasing the number of coil turns, enlarging the coil area, or boosting the magnetic field strength.
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𝐄𝐱𝐩𝐥𝐚𝐢𝐧 𝐭𝐡𝐞 𝐍𝐚𝐭𝐮𝐫𝐞 𝐚𝐧𝐝 𝐒𝐜𝐨𝐩𝐞 𝐨𝐟 𝐚𝐧 𝐄𝐧𝐭𝐫𝐞𝐩𝐫𝐞𝐧𝐞𝐮𝐫:
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FRANCHISE BUSINESS
- 2. EMERGING SERVICE BUSINESS IN INDIA
- 3. Learning Objectives • To gain knowledge on franchising business • learn about factoring and its importance • study the fundamentals of logistics • be aware of the outsourcing business
- 4. A Franchise is a type of licence that a party (franchisee) acquires to allow them to have access to a business’s (franchisor) property knowledge, processes, and trademarks in order to allow the party to sell a product or provide a service under the business’s name
- 5. • Franchising is an arrangement where franchisor (one party) grants or licenses some rights and authorities to franchisee (another party). • Franchising is a well-known marketing strategy for business expansion
- 6. Definition • According to International Franchise Association a franchise is a “continuing relationship in which the franchisor provides a licensed privilege to do business, plus assistance in organising training, merchandising and management , in return for a consideration from the franchisee.”
- 7. Kidzee school franchise Committed to quality education Minimum area of 2000-3000 sq. ft. Minimum investment ₹ 12, 00,000
- 8. • Franchising agreement • Franchisor • Franchisee • Characteristics of franching • Types of franchising i. Product/ trade name franchising ii. Business format franchising
- 9. Advantages of franching • Reduced risk • Business expansion • Cost of advertising • Operational support
- 10. Disadvantages • Franchising fees • Fixed royalty payment • Danger of image tarnishing • Lack of freedom • Limitation on range of products
- 11. Factoring • Factoring is derived from a Latin term “facere” which means ‘to make or do’. • Factoring is an arrangement wherein the trade debts of a company are sold to a financial institution at a discount. • The factor is an agent who buys the accounts • receivables (Debtors and Bills Receivables) of a firm and provides finance to a firm to meet its working capital requirements.
- 12. Features of factoring • Maintenance of book-debts • Credit coverage • Cash advances • Collection service • Advice to clients
- 13. Logistics • Logistics can be viewed as a logical extension • of transportation and related areas to achieve • an efficient and effective goods distribution system.
- 14. • The management of logistics can involve some or all of the following business functions, including: • Inbound transportation. • Outbound transportation. • Fleet management. • Warehousing. • Materials handling. • Order fulfillment. • Inventory management. • Demand planning.
- 15. What is a logistics process? According to the Council of Supply Chain Management Professionals (previously the Council of Logistics Management), logistics is the process of planning, implementing and controlling procedures for the efficient and effective transportation and storage of goods including services and related information from the point .
- 16. outsourcing the work which is routine in nature, to an outside agency. This practice was initiated in United States of America in few companies. The routine work of a company if outsources the company concentrate on critical issues without wasting time on routing job. In later years it became popular in other countries also. For example designing an advertisement, after sales service, maintance of accounts etc. can be outsourced.