In this time of science and development, computer instruction has transformed into a fundamental piece of our lives. We have entered a virtual world and have become so familiar with it that going back is not an option. Everyone needs to develop their capacities on the computer as the virtual utility device and explore the capacities in their own field of specialization; to research and show as far as possible. Computer programs these days are overpowering essentially every aspect of our life. Hence, there has been tremendous computer education franchise growth.
India holds a huge spot in the education business. India has the greatest association of high-level training foundations in the world. Regardless, there is still a lot of potential for extra progression in the guidance system.
India has the world’s greatest populace of around 500 million in the age segment of 5-24 years. With 26.31% of India’s populace in the age get-together of 0-14 years. India’s learning industry allows different opportunities to develop.
To work in such concentrated projects, short- and long-term courses, specialized projects are arranged with functional uses that a person can demonstrate their selves and contribute in reality. It would not be unseemly to say that computers had made writing programs accelerate the development in emerging economies. Computers have been for a long time been used to play out specific data, similarly as definition, diversion, correspondence, for instructive games and preparing, etc yet during recent years the use of advancement saw a phenomenal lift. This is straightforwardly credited to the reliable headway in the space of science and innovation.
Computer education in India saw some significant ventures and advancements in recent years. The training unrest in the nation can help the current economy just as the teaching framework in the accompanying ways:
In the field of guidance by giving straightforward projects have an instinctive interface that youths truly like while they study. This can help rise the interest of the student and the teacher
Working on the execution of various government plans intended to contact normal residents. Setting a computer similarly as IT being utilized here, studying the compass of the arrangement can be easily gotten to using diverse UI programs.
Similarly, computer programs are good for giving information about a particular data in no time, just with a click of a button.
Prepared experts are getting occupations in some reputed establishments just as in large association across the world, in this way doing right by the country. This is all conceivable by gaining admittance to courses that aide in upskilling their latent capacity.
Computer-based simulation programs can effectively be used training purpose, where the actual interaction with the system is not possible, too risky or too expensive. Hence these programs provide training interns to have an outlook of the complete system without interfering with the actual system.
Computer-based projects can effectively be used planning reason, where the genuine relationship with the structure is conceivable, not unsafe and expensive. Consequently, these tasks give planning understudies to have a stance of the absolute structure without intruding with the certifiable system.
Road Ahead
A computer franchise is unquestionably an amazing business. A Computer franchise is better than an individual business as it gives brand recognition, that benefits of advancing also. By 2030, it is assessed that India’s higher education will have methods that incorporate web learning and games, and is relied upon to develop by 38% in the coming years. We will accept unprecedented and creative procedures in Higher guidance. With this, one can close computer education franchise growth will be higher than any time in recent memory.
The evolution of the Indian Franchise business industry has given rise to certain segments that have become a priority for establishing a particular business venture. One such segment is the pet grooming franchise business that gained huge attraction over the years and is relied upon to proceed with its dominance in the coming years.
Pet groomer may seem like an amazing line of work. You get to spend time washing, managing and brushing adorable dogs, cats and other pets, with customers paying you to do it.
Young and enthusiastic entrepreneurs are willing to begin their own pet grooming business, making it a successful rising business in the modern franchise business industry. Particularly, individuals that are among pet lovers are keener on this segment, willing to set up such a venture as their career choice. The increasing demand for pet lovers has been one growth factor that is heavily causing this industry to boom.
The varieties in pets along with their temperaments and grooming requirements have been some growth factors, allowing keen investors to establish a successful pet grooming business or to expand their existing ones into a franchise business in today’s time.
Why Pet Grooming is a Viable Business Option in India?
The pet business in India is consistently picking up paving an incredible pathway for the future of pet-related services, particularly for the pet grooming industry. India is doing exceptionally well in the pet care industry and it’s just improving. Experts have projected that the pet care market in India is relied upon to develop at a CAGR of over 20% in the following 5 years.
The last 5 years have seen a remarkable ascent in pet parents and an increase in hectic and stressful life has prompted a demand for proficient services. Showering a pet at home has been substituted with looking great and feel great appointments at professional pet grooming salons. Trained experts take great care of your pet alongside watching out on possible medical problems which might go unnoticed by pet parents.
Best Pet Franchise Business in India in 2021
According to a recent media report, the pet franchise sector in India shows an annual growth of over 35% which clearly states that your plan of expanding your pet grooming business is absolutely right. Here are some of the top pet franchise businesses in India to which chose franchising as their expansion plans and flourished more than they could ever think of.
POOCH PLANET
Pooch Planet is India’s leading chain of pet superstores that has a strong foothold in the market. Apart from providing best in class grooming and training services for pups of all ages, Pooch Planet offers an innovative and premium range of multi-brand products ranging from dog food, treats, leashes, dog collars, brushes, combs, nail clippers, furminators.
JUST DOGS UNLEASHED PVT LTD
Just Dogs is a full-service pet business dedicated to consistently providing high customer satisfaction by rendering excellent service, high-quality pets, quality pet care, and furnishing a fun, clean, enjoyable atmosphere at an acceptable price. With their passion for pets, & dedication, they aim to create a great reputation for their work in their pet-loving clients’ minds.
SCOOPY SCRUB
Scoopy Scrub is the largest exclusive, professional PET GROOMING PARLOUR/SALON & PET SHOP chain in India. Known for the professional services that Scoopy Scrub offers, it has attracted notice from many of the mainstream News Channels, News Papers, Magazines, Radio Stations and E-News providers. They chose franchising as their business expansion strategy with seven self-owned outlets in Delhi/NCR and thirteen franchises in Jaipur, Hyderabad, Pune, Gurgaon, Ghaziabad, Dehradun, Vijayawada, Secunderabad, Kolkata, Delhi & Bangalore.
JUST DOGS
Just Dogs, India’s #1 pet retail store is the largest speciality retailer of services and solutions for the lifetime needs of your pet. Their stores offer a broad range of pet food and products as well as pet training, grooming and even boarding services. They are an online provider of pet products and also guide pet parents with the correct information when it comes to taking care of their furry friends. It is a one-stop solution for all pet parents. A full-service Superstore and Spa that is found available 365 days a year by pet lovers & pet parents.
FLYING FUR
Flying fur is India’s largest mobile pet grooming chain. Their mobile salon is equipped with hot and cold running water for a comfortable bathing experience, heat and air for easy drying, a full-sized tub, and an adjustable grooming table. They provide personal, uninterrupted attention for you and your pet in a quiet, stress-free setting. Their mobile salon offers a safe, sanitary and healthy environment where pets are never put in crates or cages.
Growing your business into a franchise is a great choice that can open numerous opportunities with the potential to begin a journey in creating considerable wealth. If we assume it was easy to franchise a business, each business would be a franchise, but it is not. That is the reason to identify a few parts of your business that will show if your business is prepared to go through the franchise development or not. How about we explore the few questions you should pose to yourself prior to settling on the choice to the franchise.
Is Your Business Successful?
The meaning of success differs significantly from one business person to another. However, in the business world, success is dictated by staying in business and making a profit. In the event that your business isn’t creating a consistent flow of income, you ought not to consider franchising. You ought to distinguish the issues and ensure you can get your venture working right. That being said, assuming your business is flourishing, you as of now have the main box checked off and you can take a step ahead to asking yourself further questions.
Would you be able to provide the franchisee with a sufficient return?
A franchisee who in some cases might be a sole proprietor will hope to get a return, both for the time that they spend in the business and also their investment in the franchise. If your franchisees don’t get sufficient returns, they will lack satisfaction among them which will eventually reflect in your brands’ name. So, providing your franchisee with an adequate return is an important aspect that you need to have if thinking of franchising your business.
Are you ready to take a Franchisors responsibility?
Regardless of franchising being one of the efficient ways to exponentially develop your venture, you must be determined to help and guide all of your franchisees throughout the growth and continuous tasks of the business. That is the reason as a franchisor, you ought to be ready to make a comprehensive training program to help franchisees replicate your item/administration up to your principles. Likewise, you ought to be ready to help franchisees: search for an area for their franchise, associate with a legitimate organization of merchants and assist them with publicizing their new franchise area. Keep in mind, the best franchises came from an all-hands approach by the franchisor to guarantee success for all franchisees.
Can your pet grooming business effectively be replicated?
For a business to be franchisable it should be teachable to others. If the centre business is just successful due to the certain location or on account of the personality of the individual running it, then, at that point, it’s very hard to be sure that others would have the option to recreate its success. An ideal franchisee is based around something that others can undoubtedly be prepared or trained to do – like making espresso or burgers, running cleaning operations or giving delivery administrations.
Is your product or service credible, with longevity and with an expansive appeal?
Anybody hoping to invest in a franchise will be looking at the long haul. The product or service should be one that will withstand everyday hardship and be capable of advancement and expansion to weather future market changes. Furthermore, it’s significant that the offering isn’t only a neighbourhood hit – it should be a business that will have appeal in other geological areas as well.
Irrespective of all the questions, always remember, even the best-laid plans will bring about disappointment if the fundamental business isn’t ready for prime time. In case you’re thinking about franchising, take a seat and think of all the factors and ask yourselves all the questions we stated above.
So, it can be said that your idea to expand your pet grooming franchise business via franchising is worth trying as, In India, pets are not only considered companions but, a style statement as well. From what they eat to what they wear, their grooming appointments, vet services, dog walkers, trainers and behaviourists, everything has to be top-notch. Pet owners care about how their pets look with dedicated social media pages where they constantly update their pet pictures and cute antics. To keep the pets healthy, attractive, and well-styled, these pet owners regularly groom their pets and also avail of several pet grooming products and services which assist in keeping a pet happy, healthy and relaxed.
Starting with a coffee franchise business in India has become a rage in recent years because of the great demands from a large number of coffee lovers in most of the developing regions. After tea, coffee is the second leading preferred beverage in India. India is known for producing close to around 3.5% of coffee production in the world. The climatic growing coffee beans in the North-Eastern and Southern parts of the country.
Indians are very fond of freshly brewed coffee to refresh them and feel energetic and lively. Indian coffee is getting worldwide acknowledgement because of its pleasant fragrance and exotic taste. It is irrefutably right to say that beginning with a coffee shop business in India is the right choice because it is a worthwhile field to enter for young entrepreneurs who comprehend the taste and preferences of modern consumers.
Coffee Franchise BusinessGrowth in India
As we probably are aware, in a season a few years back, India produced 5.5 million bags of coffee. A prevalence of the country’s coffee is grown in the three southern states of Karnataka, Tamil Nadu, and Kerala, trailed by Andhra Pradesh and Telangana, which was a part of Andhra Pradesh until recently.
Almost 65% of the whole production comes from Karnataka, while Tamil Nadu contributes around 15%, and Kerala makes up around 20%. When calculated, it was found that there are more than 210,000 coffee producers in India, most of whom are smallholder cultivators with plots around two hectares.
Reasons Why Owning a Coffee Franchise BusinessShop in India Is a Great Idea
Claiming a business can be somewhat overpowering on certain events, especially assuming that you’re a first-time proprietor, yet there are countless benefits, especially with regards to possessing something like a bistro! On the off chance that you dream to open up an independent venture, you should consider this a decision, as it’s not difficult to run and fledgling agreeable! So here are more explanations for why claiming a coffee business is a mind-blowing business.
Work for yourself
Something really doesn’t add up about possessing a business that feels better, you are your chief and that is what makes it the most unique! You get to make your rules and set the tone any way you really want! On the off chance that you are worn out on working for someone else, or need to rejuvenate your fantasies, why not assume responsibility for issues and open up a coffeehouse you had for a long time needed?
Coffee shops are consistently in style
By working independently, infers you can make the ideal coffeehouse for you. Individuals are straightforward, they love espresso, nonetheless, that doesn’t, mean you shouldn’t offer another thing of real value and arrange your coffeehouse a particular way, this adds such a lot to the overall insight! Obviously, you can go with exemplary natural energy, yet you can moreover go a substitute course and pick to make a themed café.
Small Investment
In all actuality, one of the many reasons why owning a café pays off as time goes on, is the way that you don’t need to burn through a gigantic measure of cash immediately! Besides finding the right space for the shop, you’ll need a tool, luckily nothing excessively convoluted and monstrous! From coffee processors, dribble espresso machines, coffee machines with a milk decoration to capacity arrangements and a fridge, and the vast majority of these are genuinely modest. Regardless, consistently recall that putting resources into great hardware toward the beginning of the business will set aside your cash over the long haul.
How Franchising helped top coffee Businesses
Franchising has been the top pick by every entrepreneur in the market who is looking forward to expanding their business in a shorter period. All the top coffee brands that you might have heard of is franchise business. Let’s have a look at some of the top coffee franchise businesses in India
LUVOCO ORGANIC COFFEE
Luvoco franchise from Gano Excel International, the world’s largest producer of organic Ganoderma, entered the global market in 1995 and produces 100% organic Ganoderma lucidum (Reishi mushroom) operating in 110 countries. With its coffee processing systems, Luvoco offers superior flavoured coffee with antioxidant Ganoderma extract. The brand could grow this big today via franchising their business in different locations of different countries.
CAFE COFFEE DAY
Café Coffee Day, one of the most popular cafes for young people. The first store opened in 1996 on Brigade Road in Bangalore, Karnataka, India. With the help of franchising, the Cafe Coffee Day network today covers 209 cities and more than 1,423 locations throughout India.
STARBUCKS
Starbucks Corporation, an American company and coffeehouse chain, was founded in 1971 in the city of Seattle, Washington. The company was started by Jerry Baldwin, Zev Siegl and Gordon Bowker who met each other while they were students at the University of San Francisco. Today Starbucks has around 221 stores solely in India, and all via franchising.
BARISTA
Barista is an Indian chain of espresso bars that operate in South Asia. Barista is the pioneer in coffee culture in India started in the year 2000. It is 2nd largest coffee chain in India. The company was incorporated in 1999 and is based in Noida, India with cafes in India, Sri Lanka, Oman, and the United Arab Emirates. The company also provides franchise opportunities as they believe franchising their business is the best expansion plan. As of 2021, Barista operates 275 franchises worldwide.
Before you decide to franchise your business, always remember that it is not an easy route and you should always consider a few factors which help you in knowing if your business is ready to be franchised or not.
Examine the Market
If you are planning to franchise your business, you’ll need to begin by attempting another area, preferably in an alternate city through and through where you can genuinely scrutinize your thought. What works in your city may not work in each city as a result of social nuances, a city’s background or history, or even the environment and occasional variables. Simply be certain that you’re not missing a factor that could be adding to your business success.
Contemplate the expenses
As a matter of first importance, entrepreneurs who are willing to franchise need to consider the amount it will cost. Things like purchase expenses, inventory, and working capital are everything you wanted to ponder before franchising so you put yourself in a good position. Franchising a business requires a huge amount of capital and you need to be prepared with the same.
Keep in mind, the people you welcome will be the essence of your business, so you should be extremely cautious with regards to whom you select. Do they have faith in your business? Would they be able to focus on your way of life consistently? Also, would they be able to be extraordinary pioneers? The eventual fate of your business could be in question, which is the thing that should be at the forefront of your thoughts when screening potential franchisees.
Maintain clear policies and procedures
One tip for entrepreneurs pondering franchising their organization is to have unmistakably set policies and procedures. Record your procedures as a whole and ensure that they’re just about as impeccable as could be expected. Why? Since then, at that point, while franchising your organization, it will be simpler to recreate a generally working model of doing business.
Quality Management
A significant number of big business people today are franchise owners. What is being seen to be the greatest downfall when initially franchising an organization isn’t having a quality control framework set up. You ought to have frameworks that guarantee the quality of your product or administration is conveyed reliably across all of your franchisees. If not, your brands’ name will be tarnished within no time.
At the end of the day, the coffee franchise business is a great passion project, regardless of whether you planning to start a new one just thinking of expanding your current one. All in all, owning a coffee shop is a lot of fun, even if it’s a lot of work as well, but the things you gain from it are far more precious than the hard work you put in!
India interior design market was valued at USD 23.2 Billion in 2020. The projection for the year 2027 is to reach USD 38.2 Billion, i.e., at a CAGR of 7.4% during 2021-2027. There is no doubt that the interior design business is developing rapidly in the Indian market. The Indian interior design franchise market is being driven by the booming market. Moreover, the developing populace, rising pay levels, and urbanization contribute to the development of India’s interior design market. Other contributing factors include the expanding demand for interior design corporates, home tech mania and media influence and varieties in ways of life and living benchmarks.
Theme-based designs for commercial and residential spaces are in high demand. The style ranges from Indian, American, Mediterranean, European Style, are gaining traction currently. With the visible transition in the Indian work culture, office furniture and interiors have seen a major evolution. Office commercial spaces are expected to opt-out for various interior design services in the market. Old and established offices will also consider refurbishing their office spaces along with start-ups and new offices. Hotels are also coming up with design guidelines and pose as trendsetters combining creativity and sustainability. A few of the best interior design franchises in India are:
Aamir & Hameeda
Livspace Lipika Sud Interior Pvt. Ltd.
HomeLane
Designcafe
Chaukor Studio etc.
Let us have a look at the grounds on why the industry is booming and sees no signs of stopping in the future.
A growing number of designers
Financial backers are steadily expanding their interests in India’s housing market. A large portion of the ventures is moved in business properties and cooperating spaces. Along these lines, the rising housing business sector will likewise support interest in interior design in India within a reasonable time frame. An increase in interest in Tier I and Tier II urban communities of the country is also adding to the rising number of interior designers in India. Numerous engineering companies are moving into India’s interior design market which is adding more strength to the sector.
Increase in need for customized Interior Design
With the flood of societies and worldwide patterns, Indians are accepting new plans and designs for their homes. With regards to working on their home, they will spend more on such services to get styles suited to their needs. Office spaces are likewise expected to increase. The significance of an excellent workplace for further work performance and motivation.
End-user of Interior Design market in India
In view of end-use, the Indian market is divided into business and home. The business fragment as of now rules the market and is probably going to keep up with its matchless quality in any event, during the estimated time frame. Interior designing is encountering an ever-evolving development in the market due to the expanded interest from business land. Due to the interest in business space, this area is relied upon to fill considerably in the long run. In India, the work culture is going through an incredible change, which has prompted an advancement in the place of work, which in turn is driving the business segment of India’s market.
The hype of modern interior market scenario
In light of the sort of beautification, the India interior design franchise business is assembled into a recently improved, and revamped section. The new portion created the most noteworthy income in 2020 and is probably going to keep up with its predominance over the time frame. Indian housing markets have encountered uncommon development in the course of recent years, essentially because of the workplace and private space interest. The change in India’s work culture and the developing interest in lavish ways of life are key variables driving development in this class. With an expansion in all around planned and rich business spaces and recently enhanced homes, the industry keeps on developing.
Provincial Insights
In light of geography, the market is divided into North, South, East, and West India. The Indian market is overwhelmed by North India and is relied upon to remain so in any event, during the time frame. The development of housing projects by both public and private organizations contributes enormously to the development of this district. The developing number of corporate workplaces in the district is likewise driving the development of the India inside plan market.
The Indian interior design franchise market is divided and is cutthroat in nature. A great deal of footing on the lookout for the services, there is swarming of originators and studios which is driving benefit low. However, the market is relied upon to show development in the future. Small and medium-sized planning organizations have a huge share in the market. This only leads to several other factors which will boom the interior design and home décor industry.
Chai has been the most famous beverage that is liked by numerous Chai lovers in India. It has been the most loved beverage which is enjoyed at the beginning of the day just as between office work hours or during break time. It is the taste and the right elements of Tea that make this drink so close to people’s hearts. You have probably seen numerous new organizations that are based on chai and different other beverages. Starting another business that sells or deals with Tea and other substitutes is quite a challenge, nonetheless, beginning a Franchise of well-known brands that deal with Tea is a choice that is worthy enough to pick. Chai Franchise in India has witnessed a tremendous amount of growth in a short span of time.
India is a country that has a tea stall everywhere around the bustling roads. People enjoy having tea and coffee in these stalls. In any case, the taste of people has changed with time, and presently they favour visiting well-decorated cafes that have a good ambience. This has made entrepreneurs search for the Best Tea and Coffee Franchise in India.
In Chai Business, India is the no #1 Consumer market. More than 80% of the total chai production is devoured by the Indian public. Pretty much every Indian craves chai after waking up, after lunch. The interest for tea never goes down in any session, be it summer or winter, that is the reason you would see the tea stall every 1 km of the space. Running a chai business or chai franchise in India is quite a challenge because of the many competitions out there in the market but if your business meets all the requirements of the changing trend, it sure has high chances of flourishing.
The Changing Trend
Chai has consistently been an integral part of Indian culture since the British period. Tea as an industry is generally unorganized and is worth more than Rs.18000 Cr. However, Tea Café as an organized sector was non-existent till a few years prior. Big players in the business identified the demand-supply gap in this sector and sensed a chance to fabricate a chain of tea cafes. This sector is however at a beginning stage, has been seeing rapid growth over the most recent few years and a significant degree of customer engagements.
The chai business has gotten investors fancy over a recent couple of years as more metropolitan customers, with higher disposable incomes, spend on branded cups of hot beverages like chai.
Key Market Segmentation
IMARC Group provides an analysis of the key trends in each sub-segment of the India tea market, along with forecasts at the country and regional level from 2021-2026. Beneath we have categorised the market based on several factors like product type, packaging, distribution channel and application.
Product type- Green Tea, Black Tea, Oolong Tea, others.
Distribution Channel- Supermarkets and Hypermarkets, Speciality Stores, Convenience Stores, Online Stores, others.
Application- Residential and Commercial.
Top Chai franchises in India
Some of the top chai and coffee franchise are Starbucks, Coffee Culture, Costa Coffee, Chai Tapri, HattiKaapi, Madras Café, Mocha, Tea Tradition, MBA Chai Wala, Chai Point, Chai Sutta Bar and Barista. These brands have acquired enormous fame among tea and coffee lovers, and they have changed the whole meaning of a cafe.
Tea Trails
Tea Trails, a venture of Zone8 Tea World Pvt. Ltd, made its foray in 2012 as India’s first chain of dining tea cafes providing the hottest of brews from the heartiest of tea destinations, added with a pair of accompaniments that perfectly complement the beverage. The establishment already runs 30 franchise units across the country, though we can expect a surge in the number considering its object to launch a total of 500 outlets in five years and all by franchising their business. Franchising has helped the brand is growing exponentially.
MBA Chai Wala
Who hasn’t heard about this newly came chai joint in the market, of course, everybody has? Journey of how an MBA dropout became India ka Chai Wala by forming a company that not only makes millions in revenue but is a reason behind millions of people to smile every day. The founder, Prafull Billore is not stopping at this and looking forward to expanding his business to new locations. For doing the same, he is choosing franchising as his strategy which will help him in growing his business at a rapid rate and in all corners of the country, reaching out to more customers.
Chai Point
Chai Point Franchise is an Indian brand that started its operations in the year 2010 in Bangalore. In the following years, Chai Point had various progress made in their venture, from having an increasing number of outlets via franchising their business in new locations of the country. Again, the brand became so famous and known for its unique taste that Chai Point started selling their teas even on Amazon.
Chai Sutta Bar
Chai Sutta Bar is one of the fast-growing café chains in India after its existence in early 2016. Initially, the founder established their first seeds of Chai Cafe in Indore, Madhya Pradesh, and now they have established their brand all over India with their high-quality 48+ franchises office. Chai Sutta Bar is willing to expand Chai Sutta Bar all over India by opening at least 200+ outlets to fulfil the market demand for hygienic tea. They wish to do the same by choosing franchising as their expansion strategies.
Chai Tapri
Chai Tapri was established in 2015, with an idea to make a speciality tea lifestyle brand in India. Chai Tapri is a typical franchise targeting the Indian rural as well as urban areas. Initially, they started in Nashik and now are willing to expand their business by opening their store in new locations and reaching more customers. The founders of Chai Tapri find franchising to be the best option for franchising their business in new locations as it will not only help in expanding their business but help in doing so at a rapid rate.
Benefits of Chai Franchise in India
Now comes the question of the benefits of franchising? Or chai ka business kaise kare ??
कम पूंजी निवेश- फ्रैंचाइज़ी विस्तार पूंजी प्राप्त करने का एक अच्छा तरीका है।
तेजी से विकास- पूंजी की शुरूआत, नए आउटलेट के प्रबंधन को आउटसोर्स करना और यह तथ्य कि आप एक ही समय में कई फ्रेंचाइजी खोल सकते हैं।
ब्रांड जागरूकता में वृद्धि- आपके पास जितनी अधिक फ्रेंचाइजी होगी, आपके पास उतनी ही अधिक मार्केटिंग होगी और इसका अधिकांश भुगतान फ्रेंचाइजी मार्केटिंग फंड के माध्यम से किया जाएगा।
It can be concluded that the chai franchise in India has been touching the heights and is sure to grow to look at the love that Indians share for the chai. It is prime time to franchise your chai business and expand it to new locations.
With the coronavirus pandemic confining people within the bounds of their homes on and off since the lockdown. The fitness and health industries are growing at a rate of 8.7% per year. This extra market growth might contribute to the long-term development of other fitness-related products and services. Gym Franchise Business which includes slimming services, and formats like Zumba, aerobics, CrossFit, etc. will be growing rapidly as most of the population has been vaccinated.
Due to the rising prevalence of lifestyle diseases, such as obesity, stroke, type 2 diabetes, heart disease and atherosclerosis, individuals in India have started focusing on their wellbeing. As a result, the gym franchise business have seen a rise in the number of gyms and fitness centres, which in turn is boosting the sales of and fitness goods in the country.
Social media is acting as another catalyst in driving the growth of the market. Through social media channels, such as Facebook, Instagram and Twitter, sports and fitness product manufacturers are directly communicating with the audience.
They are also using these platforms to advertise, thereby informing the potential customers about the specifications and functionalities of their products.
We now know that gym and fitness centres are opening up with all precautions as the pandemic fears have reduced. With so many franchise opportunities and fitness businesses out there, you can learn from other franchisors mistakes and really figure out if expanding your gym franchise is right for you. If you want to grow and expand into a franchise, here are the steps to take to make it a reality.
Let’s begin with the most basic question there is to be answered.
Are You Ready to Franchise your Gym?
Before you even consider franchising your fitness studio/gym, you really want to set aside the effort to audit the present status of your business. In case you’re in a decent position, it implies that your plan of action is all set. Refine all aspects of your organization. Report how every part of it functions and iron out any issues before you start diversifying.
Make a point to construct a plan of action that can be effortlessly imitated and maintainable without overseeing it yourself. This is pivotal to the accomplishment of an establishment as it’s what your franchisees will use to fabricate their business and make progress. There’s a major contrast between possessing an autonomous gym and claiming a gym franchise. You really want to see how you draw in the right franchisees and make a simple to follow field-tested strategy.
Do Your Research
Love the area, be that as it may, franchising offers up the chance to additionally extend and fabricate a reliable brand following. Research is so significant in any piece of the business; it lets you know all that you want to know. Your exploration might see what has and hasn’t worked for different franchises before and to gain from their errors. You really want to see how franchises work on each level of the business and what your position will be. You might be feeling that your wellness place is now doing well overall and you
Choose your location carefully
You most likely definitely realize how significant the area is. Regardless of whether it’s your first exercise centre or the possible area of a franchise fitness centre, you actually need to think about the area. All things considered; the achievement of your franchise will assist with developing your image’s standing as individuals will connect a similar marking with a similar organization.
A decent area is effectively open and advantageous for your individuals. Most exercise centre participants will live or work close by and many will pay more for a more advantageous area.
Startup Costs
Franchising should be possible in various ways so the costs you want can differ enormously relying upon the course you take. The underlying speculation required will be directed by how forceful your diversifying plans. Normally, you need to develop and grow so you’ll have to get where your expenses are coming from and the amount you will require. When opening another rec centre franchise, expenses can mount up from different headings including:
•Legal costs – this could incorporate the expenses of your establishment lawyer, business protection and lawful costs.
•Planning expenses – a broad development procedure requires extra arranging. Mistakes when duplicated by many franchises could bring about a major misfortune so planning is fundamental when opening a gym franchise.
•Marketing – your spending should cover limited time showcasing that ought to receive the message out there about your new establishment opportunity and online media promoting.
•Quality control – with plans to extend more franchisees getting through the entryway, you will require a formalized preparing program and different devices which will assist you with overseeing quality control.
Legal Agreements
Get a franchise lawyer who can draft the best franchise documents for your business. Bear in mind, you need to ensure this is done considering the complete ecosystem in mind. The franchise agreement needs to be drafted by a professional. This acts as a backbone for the entire franchise system. The intellectual properties are safeguarded and no misuse can occur. This also helps in franchise arbitration during times of disputes between the parties.
Franchise Planning & Support
Regardless of whether you’re thinking about diversifying or have one fruitful franchise area and are hoping to extend, each franchisee involved requirements to completely comprehend your vision and offer similar energy and drive for progress. Your future diversifying plan’s structure is part of your general establishment procedure so remember your objective areas and objectives.
Franchising is a way simple way of growing your business in different markets. It takes time and effort to grow your gym franchise business. You need to be patient in the entire process. As and when the recognition is received, the expansion becomes faster. Proper training will ensure standards are set and are followed throughout. With the ideal individuals and the right preparation and backing set-up, your exercise centre can develop and extend in numerous areas.
Franchising is a great tool to expand in different markets. International expansion needs proper planning. Most franchisors avoid it as they see it as a costly affair. This is only because they lack clarity on how to solve the problem. They do not see the side of rapid growth that can be achieved with international expansion. International franchising has made many brands bigger than ever through international franchises.
A system for global improvement has to be done on an evaluation of franchisor assets and a cautious assessment of the business. There are several issues faced when it comes to how to franchise internationally. The mistake franchisors do is keeping the same strategy for every market. Take pricing for example. A product pricing model that works in India will not work the same in the European countries. This also applies to the franchise fees, royalty, and almost all aspects of a franchise development strategy.
The franchisor has to do a feasibility study to ensure the expansion is worth the costs incurred. An ill-informed understanding of country direct and indirect competition can often lead to challenges in a successful global expansion. Charges should be set solely after assessing costs. Expenses of shutting an international business can be higher than opening a franchise in another country.
In the early stage of your international expansion strategy, it is important to engage the services of a reputed franchise attorney who knows local counsel in countries where you want to develop your system.
As soon you consider expanding overseas, you must ensure trademarks are set in the countries you want your business to grow. International franchise contracts must be done attentively. The international franchise agreement is much different from the franchise agreement used locally.
How ready are you? Franchisors should have a profitable business model. Core competencies to provide all levels of support and the ability to replicate these attributes in other countries. Management has to provide support to the franchisees just as it supports domestic franchisees.
Is your staff well trained for international Franchising?
Structure on how are your internal resources going to support the expansion. How will they be able to support franchisees in other countries in each area of the business? If you should use your current or if you’re planning to hire local talent is a major concern. Will it also be meaning a higher impact on the cost structure for the expansion? This needs to be well planned in advance to engage the franchise in a better manner.
What are the current finances revealing?
Expansion is an expensive affair. Hence, if you are hardly able to make good in the local markets, create enough funds which do not affect your current operations and your expansion process.
Have you done market research properly?
When it comes to international franchising, there cannot be a standard solution for everything. Every market has to be carefully researched to understand the needs of the business, the target market, and the franchise partner.
Failure to understand culture is very important. Such an absence of clearness can be a significant issue for franchisors setting out on an international expansion.
For example, McDonald’s had to modify their system to adapt to the market in India, where beef is not a traditional food item.
Look at the generalmistakes done by the franchisors:
Expanded in country without conducting proper research if there was potential market to begin with
They did not make an organization structure with the right ethos able of managing with diversifying
They don’t have an adequate track record in local market and had exceedingly immature working frameworks
Did not develop a well thought-out and developed franchise package
No competition advantage to maintain profits in the long term.
Fee levels set are too high which does not allow sufficient returns to the franchisee.
No clue on the support & logistics structure
No infrastructure design to help the franchisee. This may be in terms of CRM, IT monitoring, reporting procedures etc.
Expansion does not only mean getting your franchise manuals in different languages. Training and support also are equally important. This requires dedication from all of your management. Solidapprehension of what you do well, and a willingness to work cooperatively with your franchisee to adapt.
International franchise development has opened various entryways for independent companies hoping to uncover new streams of income. The international establishment can be one of the most thrilling things you can do to grow your business and stimulate your idea. While it tends to be costly, tedious and here and there baffling, it can likewise be exceptionally fulfilling. If you conclude international franchise expansion is ideal for you, partake in the excursion—and make certain to keep away from normal slip-ups that can wreck your franchise system.
International franchise development is a safe and supported technique of business expansion. Growing a business internationally through franchising involves certain elements of what is needed to set up a network in a different country. Franchising techniques needs to be paired with the correct local positioning of the franchise proposition and the identification of the most franchisee. The new program is developed and the company goes through an evolution process wherein they start doing business abroad. This is why international franchise business management is crucial.
Taking the franchising option as a route to develop a franchise system in international markets should not be viewed as a quick and easy option. It is doable but requires strategic planning based on knowledge, expertise, sufficient resources. International franchising can lead to speedier expansion, a more self-motivated local sales force who understand local issues better, better organization and systems, and more control of front-line sales, marketing, management and delivery processes.
There are many companies large or small, who believe they know how to run their businesses well, domestically or in a few markets, that they will be able to successfully franchise the business in all international markets equally well. These assumptions should be put aside at the very beginning.
International franchising requires careful and cohesive strategic planning, management and execution, the commitment of all the respective discipline heads to the franchise operation as a franchisor. There should be no comprised with the quick wave of a magic wand or a half-hearted modification of the domestic business model. As regrettably, some consultants may lead potential franchisors to believe! International franchise expansion can be an extremely lucrative strategy for those who meet the necessary prerequisites to last the journey.
Few fundamental preparatory steps a potential international franchisor should take to ensure it has a sound international development strategy.
Some of the key points of considerations are highlighted as a starting point, each of which needs to be carefully and comprehensively analyzed, ideally with experienced advisors who have the international and local long-standing franchise perspective.
Once a realistic assessment of domestic operation has been conducted and the potential franchisor is reasonably certain that it has the necessary resources, stamina and focus to enter the international franchise arena, it should:
Recognize the appropriate markets
Conduct market research and SWOT analysis
Find a suitable franchise route to each market
Finalize the franchise proposition
Country analysis plays an important role. A strong business plan must covey all the possible details of the franchise.
Potential of the business and market
A thorough estimate of the competitive analysis
Franchise training & support
Reporting format and provisions of support to the franchisee
Financial models for the franchisee
Determine detailed tasks and time frames
Entry into the selected international markets and the impact of franchising your brand
Many franchisors, particularly at the initial stages of their international development select their ‘priority’ destinations by reacting to one or several ad hoc enquiries from overseas markets. Assessing the true viability of expansion into those markets, based on an effective and well-planned business development strategy creates the bridge of franchise success.
When not planned properly, it leads to the selection of the wrong franchisee, an inappropriate franchise entry method, reactive franchise support, offer of too big a territory or not large enough of a territory, and over or undercharging fees. Clear and relevant sets of assessment criteria should be considered to select the future overseas markets.
The criteria should cover:
Size of the market
Government policies – possible state/private funding for regional franchise developers
Local legislation affecting production and retailing of your products or provision of your services
Demographics, working population, age profiling and geographical concentration
Ease of doing business
Likelihood of generating returns in the first few years of franchising
Franchisees’ capabilities to recruit and train staff and availability of sufficient local appropriate manpower to support the franchise offer
International franchising is an efficient way of expanding your business overseas. Finalize your franchise business plan. Take the steps required to ensure the international markets, local franchisees are well in tune with the proposition of the business offering. Create a powerful international franchise business management with a help of a franchise consultant if you are not able to do all the groundwork required. This will both save time and energy and get the best for your international business expansion.
A franchise training program is one of the fundamental reasons why your franchise business will succeed in different markets with numerous franchisees. It’s all there – product and service information, operations details, marketing, accounting procedures – everything you need to operate a business. As a franchisor, you know how the system works, you’ve refined it and can offer that valuable knowledge to a new operator.
The training is most likely going to begin with the franchise operations manual. This tool will lay out the operations standards expected of you as the franchisor. It’s a critical tool for development and operations that you’ll want by your side when you first open your doors and as you grow your franchise business. The operations manual is a good starting point and template for more intense and hands-on training that’s to come.
If you’re actively looking to expand your franchise, you probably have a lot of questions going through your head. Like:
How much time and money should I need to invest?
What franchisees profile should I look into?
How long will it take to for my brand develop in different markets?
Without a doubt, those are all good questions to ask. Everyone looking to franchise asks them.
But what about the questions that aren’t top of mind? Like, how am I going to ensure everything on how my franchisees will be operating my franchise business?
There are two ways for you to teach how to own and operate your franchise business.
1. Formal training by the franchisor.
2. On the job training.
Your job as the “FRANCHISOR” is to ensure your franchisees can replicate and operate your franchise business successfully. And a few weeks into the franchising your business, no doubt they’ll get the feel of it.
Once you’ve received your franchise fee and have signed your franchise agreement, several other things occur. There are other things that will happen once you’re officially a franchisor, but for the purpose of this article, let’s stick with the training.
Odds are you’ll have to get franchisees to travel to headquarters to get trained on various aspects of your franchise business. Thanks to technology, few franchisors now include online training. In most cases, the online portion occurs well before the travel to headquarters for in-person training. It’s known as pre-training, and it’s becoming more popular—especially given recent events.
As a matter of fact, most franchisees like this type of training a lot. In addition, they all feel it helps them feel way more prepared for their in-person training at headquarters. In a perfect world, you train on everything you need to know about operating your franchise business. In reality, typical franchise training programs come pretty close to that ideal.
One of the backbones of a strong franchise organization is training and support for franchisees. Here are some of the things you’ll teach about during franchise training:
Organized and detailed information about the products and services of your brand
Assistance in financial management, site selection, and real estate
Help with building design, leases, and permits
Some basic training on how to hire and manage employees
Explanation of all marketing and co-op advertising initiatives
Implementation of computer and accounting systems
Details on how to procure inventory, equipment, and supplies
Internal IT system management
Employee management
Payroll management
Working with vendors
Customer acquisition&Customer retention
Yes, This Can be Overwhelming
All new franchisors feel overwhelmed at some time before they open their businesses. It’s completely normal. That’s because if you’re leaving your business in others hands. But isn’t the “not knowing how to expand a business” one of the major reasons you went down the franchise path, to begin with?
Always include questions about franchise training. Ask them how well prepared they felt when they took the franchise training program.
There’s more to training than learning how to get your business open& running. When the franchise launches a new product/service, you, as a franchisor, will need to teach in regard to the same. In addition, with technology seemingly always being updated, and in some cases, changed, you’ll need to be trained on those changes.
You won’t need to train from the headquarters on new items. Instead, your franchisee training program will take place online in a group setting. Sometimes, this additional training is held at a regional location near to where you are located, or a trainer from corporate may be sent to your location.
Finally, if you ever feel you need to give a refresher course on some of the topics/operations, schedule a training program semi-annually/quarterly to update your franchisees. It is important for the franchisee to understand and the training given to them, as this will help them adopt and adapt to the business smoothly. We at Sparkleminds with over 20+ years of experience have developed some really complex franchise training program manuals for our clients and it has helped them immensely to establish fruitful franchises.
The Indian home healthcare services market sized $5 billion in 2019 is expected to grow four times to $20 billion by 2027. The ongoing pandemic has shifted healthcare in many ways. There has been a continuous need throughout the country to implement immediate and accessible healthcare solutions. Digital solutions/ Virtual Health has been a game-changer as we saw advances in the reach and speed of service delivery. Did you know home health care in India industry is the fastest growing industry in the franchise business? It has seen 3.5X growth in the past two months.
The pandemic triggered the “stay at home” message meant that the healthcare fraternity had to find new ways to deliver healthcare services. All this led to the rise and growth of telemedicine and home healthcare services in India.
The need for services that are accessible anytime, anywhere which includes 24/7 digital access to primary care physicians and specialists, reduced ER visits- remote care from your own home while avoiding the waiting room and less time spent away from work or school, less transportation.
The new normal is that demand for remote / home health solutions ranging from telemedicine, home lab, home pharma and home health monitoring are at an all-time high. The tendency to avoid a hospital visit unless it is mandatory is very high making home health almost an obvious need.
Trends showing current market dynamics:
Tele consult platforms saw 500% jump in transaction volumes
More than 60% of users consuming remote post COVID-19 were first time users
Consumer pattern changes have driven pure play healthcare players to either introduce or strengthen up their home services portfolio
Large number hospitals are considering home health as a strategic play in near 6-18 months’ time.
Some of the key players operating in the Indian home healthcare market are:
Portea Medical
Apollo Homecare
Nightingales Home Health Services
India Home Health Care (IHHC)
Healthcare atHOME
Bharath Home Medicare
Care24
The range of home health care services a patient can receive at home is limitless. At-home care services may include:
Doctor care: A doctor may visit a patient at home to diagnose and treat the illness(es). He or she may also periodically review the home health care needs.
Nursing care: The most common form of home health care is some type of nursing care depending on the person’s needs. Nursing care may include wound dressing, IV therapy, administering medication, monitoring the general health of the patient, pain control, and other health support.
Medical social services: Medical social workers provide various services to the patient, including counselling and locating community resources to help the patient in his or her recovery. Some social workers are also the patient’s case manager–if the patient’s medical condition is very complex and requires the coordination of many services.
Laboratory and X-ray imaging: Certain laboratory tests, such as blood and urine tests, can be performed in the comfort of the patient’s home. In addition, portable X-ray machines allow lab technicians to perform this service at home.
Pharmaceutical services: Medicine and medical equipment can be delivered at home. If the patient needs it, training can be provided on how to take medicines or use the equipment, including intravenous therapy.
Franchises have big advantages in home healthcare services. Franchises provide the opportunity for business ownership and a level of independence alongside an established company with a proven record of success, and oftentimes a well-recognized brand name. Individuals will be more likely to see a higher probability of success through franchising than starting an independent business for a variety of factors, including:
Shorter opening period
Initial training and development support
Established supply chain
Use of a systemized business model
Marketing and advertising support
A network of peers to rely on for advice, mentoring and best practices
The franchise model allows entrepreneurs to go into business for themselves, but not by themselves. In addition, many entrepreneurs find that joining a trusted and recognized network also provides their consumers with the comfort of purchasing items or services they are familiar with and working with names they know and trust. With healthcare services peaking at the current time and looking forward towards growth
Way forward for franchising home healthcare services in India
In this fast-evolving time post-COVID-19, we have seen a tremendous expansion of the portfolio of services of almost all companies. Over time, we will see any service that doesn’t need a hospital bed to be occupied will be delivered out of homes. Our data shows that during COVID-19 new services like a pediatric vaccine, flu vaccine, periodic health monitoring check-ups all received a boost on the home services model.
Home healthcare, along with remote monitoring and tele-health technologies, has a critical role to play in out-of-hospital care delivery.
The pandemic has clearly proven itself as a health care innovation catalyst, reinforcing the benefits and growth potential of the home health care industry
Considering the poor doctor to patient ratio (1:1500) and even worse patient to hospital bed ratio, such developments are good for the industry, and we need to continue to build on such delivery models that are non-hospital based.
Home health care in India has great potential from all aspects of the business. With the limited healthcare infrastructure and resources, home healthcare will help to address a portion of the present healthcare requirement. From changing payment models and new policy levers to increased use and adoption of technology in the space, the momentum over the past few months is promising, and it will be worth it if sectors across continue to invest in technology for the home which will be really accelerating growth across the spectrum.
