TechJoYnT appoints Sparkleminds to recruit their master franchise in India

Written by Sparkleminds

techJoYnT appoints Sparkleminds to recruit their master franchise in India

Every child is unique and has the power to innovate.  techJOYnT, with its head office in Austin Texas, the gamified hands-on learning centers to STEM (science, technology, engineering, and math) education utilizing a proprietary GEAR (game design, electronics, app development, and robotics) learning pathway platform, announced a strategic franchise growth initiative that aims to add new franchise locations in markets across India. The strategic master franchise in India initiative is to empower more children and communities to transform from passive users to passionate innovators than has been previously reached through the company’s unique and proven instructional delivery system.

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When to sell your business- The Story of La Quinta

Written by Sparkleminds

When to sell your business- The Story of La Quinta

La Quinta in Spanish means “The fifth”. It can also mean “the country place”. The story of La Quinta started out at San Antonio, Texas in 1968. La Quinta corporation was made the parent company of the subsidiary called La Quinta properties as they grew to be a large chain with a standardized company-owned hotel and franchised hotel with a symbol of LQ. It also grew outside the United States across Canada, Mexico, and Honduras. La Quinta now has its headquarters in Irving, Texas. In January 2006 a merger closed between a private equity firm, Blackstone group and La Quinta properties for $3.4 billion paid by Blackstone group in cash and debt.

In April 2014 LA Quinta holdings inc was listed on the New York stock exchange where they sold shares to the public for the first time.

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Franchise model is the best business expansion strategy!

Written by Sparkleminds

Franchise model is the best business expansion strategy!

Franchise

A franchise is an authorization granted to a company or an agency for specified business activity in accordance with the standards set by the franchiser. When a business is expanding as a franchise it is necessary to carefully configure the franchise agreements. The terms and conditions are to be well thought out. All the possible conflicts and should be addressed beforehand. Experts with a foresight into all possible conflicts are the ones who will be able to configure it and there are no better experts in creating a franchise than the franchise consultants at Sparkleminds. Sparkleminds can recognize a profitable franchise beforehand and help companies create brands which they will be able to give as a franchise. The royalties that a business will enjoy by giving out a franchise will increase the value of its shares manifold.

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Franchise Model could have saved Samsung’s top-notch position in the market

Written by Sparkleminds

franchise, xiaomi,samsung

MI Homes is set up in the Franchise Model

Hoskote is a rural town in Karnataka with less than 60000 inhabitants who mostly depend on agriculture for livelihood. It was low on priority for phone makers, but now it is not so for Xiaomi. Xiaomi’s market share in India has exceeded that of Samsung by 2.4 percentage points within just 3 years of entering the market and it seeks to increase its sales by reaching out to remote areas in India. For growth in India, Xiaomi has taken 3 approaches to supply their products: MI homes, electronic retail chains, and MI preferred partners. Of these three approaches, MI homes are proven to be the best because it has adopted the franchise model for growth and expansion. It is similar to the Apple store franchise where the store is owned by the franchise partner but is operated by the company.

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Configuring your franchise agreement correctly in India. See how it helped NIIT.

Written by Sparkleminds

The franchise industry in India is growing by 35% every year with close to 5000 new brands adopting the franchising model. International franchisors prefer to appoint a master franchisee and the local franchisors usually do direct franchising. It is necessary to understand the parties’ rights and obligations carefully while entering into a franchise agreement. Hence if you are a brand looking for a franchise agreement format india, then you must make sure that it is done through the experts and with professional help.

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