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Showing posts from April, 2020

Role of Education Sector in The Economy

Education is the key to economic development. It can be considered as the road to success. Education helps improve the productivity and creativity among individuals. it helps them think out of the box ideas. Education enriches the people’s understanding about themselves and the world better. It helps build confidence and promotes rational thinking. Franchise in education sector is a relatively new concept, which is gaining popularity at a fast pace. In India there is a vast portion of the population who is unemployed and are searching for a job. India is in severe need of entrepreneurs, who are job creators and not job seekers. Employers complain many candidates have a degree but not the skills needed for the job. A good education system not only helps people gain the necessary skills, knowledge but also the motivation to be an entrepreneur. A school franchise is the easiest way to start a school. The demand for renowned schools is increasing rapidly as people are becoming awar

How Does Franchising Work?

Franchise is an agreement between a franchisor who is willing to share his trademark, brand name, patents with the franchise for a fee i.e. Royalty and a share of the profit. Both the parties are required to sign an agreement which states the terms and conditions to which they need to abide. When a company wants to expand but does not have the resources or the manpower they can opt for franchising. Franchise business in India is a growing business model. The reason being the risk factor reduces to a large extent. As a result, many aspiring entrepreneurs are investing in this form of business. Here you can guarantee a fixed income each month and don’t need to worry about market fluctuations. There are many franchise options in India . For instance, in the space of health and fitness in the form of gyms, hospitals, yoga centres like Studio 11, Cult, Apollo Hospital, Global hospital. Food and beverages centres are a very common franchise option. The popular ones include Dominos, S