How Profitable Franchise Business in Asia- If you are frustrated with your current job or do not like your boss and planning to do your own business, you can set up and start a Franchise business in Asia. It is one of the fast and safe ways to become instant and successful entrepreneurs. The franchise business in Asia has opened windows for small and aspired entrepreneurs.
Franchise Business in Asia
In Asia, you can open a Franchise business with international players like Dominos or Dunkins or domestic players like NIIT or Naturals. Currently Franchise business in Asia is around Rs 82,500 Crores. It is expected to grow up to Rs 2.9 Lakhs Crores by 2017.
There is huge potential in the Franchise business in Asia as domestic and international companies planning to have their footprint and don’t think they can do it on their own due to operational and financial pressures. In such a situation, they are looking for business partners through this Franchise Business in Asia.
What is the Franchise business in Asia exactly about?
The franchise model is piggybacking, on popularity, identity, marketing strategy, and operational efficiency by paying the Franchisor or owner of the brand. You don’t need to set up from scratch, build on goodwill. You need to tie up with Franchisor, invest, and get trained to start the business.
Several reasons to start a Franchise Business in Asia
- Less risk: Faster to set up. Since business is already set up in several places, it is less risky to start such a business with an existing company that is already successful.
- Known Brand: Since the brand is already set up and running, with some effort, it is easy to get new customers.
- Start from day one: Since the Franchisor is a well-established brand, you can start your franchise business from day one. You would get required training from Franchisor so you need to work on how to make the business more successful.
- You can plan well: Since you already know about the Franchisor, you can plan about the business plan, the customer-centric, expected revenues, etc.