Contact Information

Theodore Lowe, Ap #867-859
Sit Rd, Azusa New York

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INTRODUCTION

  • UNDERSTANDING FRANCHISE-DEFINATION

.Franchise means initiating any business which has the own recognition and the own hardwork requiring the blood and sweat of any one person to make it unique from others.

  • Advantages of Franchise model

1.Access to capitalWhenever a person starts their own clothing shoe  brand the first and the most important thing is the distribution of money, but in a franchise model there is a assurance that the entire control of money lies over one single person the ,person who uses their time nd energy for creating something new

2.BRAND RECOGNITION-The next most important this is the recognition of the brand, if any person starts their any new business that will have their own idea and self effort which will make them outstand others from the crowd and the brand will get a unique name and it will be known as a unique creation of ones own hardwork

3.low risk of failures-Whenever a person starts their own creation all the hardwood involved is of oneself and no there person is involved therefore the risk of failures becomes less.

4Strong NetworkingWhenever one person starts to commence their own franchise people will get to know them because of their uniqueness and hence they will have a strong network.

5.The Power of BuyingThe power of buying will rest with the the person owning the franchise but the cost of the products to be bought  will spread with all the networks involved in the franchise, as all the networks will eventually contribute towards buying all the products, involved in the franchise

6.The bossing authority-In a franchise a person has a authority to command and order things to be done, in order word he can order thing to be done as per his choice and he docent need to be commanded under someone, in a nutshell it cn be said franchise gives authority gives a person commanding authority over all the important decisions, the owner has the right to take all the decisions on his own and no one can raise questions on his decisions nor can influence his decisions and all the decisions which he takes with respect to the process involved in the process of launching to marketing of the product.

7.An effective customer baseAs discussed above franchise involves uniqueness which means customers will be more and more attracted towards the new product or new brand manufactured therefore the effectiveness of the product thereby the customer base will increase.In a nutshell the more unique the product is the more people will be inclined towards the product and the more they are attracted the more addition to the effective customer base,BY the word effective customer base we mean a  set of customers who are satisfies with the existing product and by spreading a word about the product they can add to the customer base thereby adding to the customer base.

8.PROFITS- Whenever a person starts a franchise means the person is starting a unique thing and In that circumstance people will be more attracted towards the protect thereby increasing the profits for the person launching g the franchise

IMPACT OF FRANCHISE MODEL

As already discussed above franchise pertains to the starting of ones business involving ones unique idea, therefore starting up of anew business will require a good amount of workforce for the same, therefore in a nutshell it can be said that starting of a franchise can help providing employment to all those who are in need of dire jobs.Also developing of ones own brand can help the person can help the person warn a name and earn a respect in society and a strong competition for all those involved in the market activities

Conclusion

To conclude all the above discussions it can be said that the franchise firstly helps the people to earn a name in society and live their life with full dignity.Secondly it can help the people help an authority in taking all the important decisions without being questioned, next the person will have full share of the profit, and last and most important they help in providing employment to all these who lack skill and who are in the dire need of jobs.

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2 Comments

  • Nishant parshad, January 31, 2023 @ 6:34 pm Reply

    Business model is essential for any brand.

  • Nishant parshad, January 31, 2023 @ 6:37 pm Reply

    Franchise model is very beneficial.

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