Business

Franchise in India – How does Franchise Business work?

Published

1 year ago

December 12, 2022

Franchising is one of the best ways to start a business, but before one decides to buy a franchise, one must do their due diligence.

It is a unique way to structure a business relationship. One can follow this business model when one finds the idea of owning the business challenges.

What is Franchise Business?

A franchise is a type of business where the individual or an entity known as a franchisee owns the business under the brand trademark and business model owned by another company, the franchiser.

It means the franchisee will run the business by using the existing brand name and the business model of the franchiser for a specific term.

Some of the well-known Franchise in India are Momo Street, Belgian Waffles, Shoe Factory & more.

How does a Franchise Business work?

Both franchisee and franchisor enter an agreement with each other. They have a legal and a commercial relationship.

The franchisee will use the franchiser’s trademark and brand name in the franchise business and sell the product and services. At the same time, the franchisee will pay the franchise fee and sign the agreement with the franchiser. After all the legalities are complete, a franchisee can open a new branch franchise or business.

The relationship between a franchisor and a franchisee is essential as it forms the base of the franchise business. The franchiser will allow the franchise to use their business name service trademark method techniques for an agreed fee.

It will help the franchiser expand its brand name for many people, and a franchise can run a business at a low cost.

Benefits of Franchise Business

There are several franchise business benefits, some of which are mentioned here.

Quick expansion

Today’s scalability plays a crucial role, and you can quickly capture the market share by taking the franchise business. In typical models, the promoters must wait much time and invest a lot of money in the franchise model.

The franchisee will provide the capital, and the franchiser will provide the brand and technical strategies to quickly expand the business with minimum requirements.

Minimum operating cost

One of the significant benefits of running a franchise business is that the operating cost is minimum. The franchiser will negotiate volume pricing and group buying on the franchisee’s behalf. This will minimize the operating cost, and as the franchise is aware of the local market conditions, the franchiser can save on all the expensive research about the local market.

Branding

It is the responsibility of the franchiser to put their best foot forward in promoting the brand name; hence the franchise business is advertised and branded as compared to the typical company.

Additionally, in the case of the franchise business, advertising or branding cost is shared by all the franchises. Overall branding expenses are minimum for the franchisee.

Quick access to capitals capital

As the franchise business model is well established and has a proven reputation, it is easy for the franchise to get a bank loan to start a franchise business.

Training and technical knowledge

In the franchise business, the franchisor will provide all the training to the franchisee. So, there is a minimum chance of costly mistakes due to the lack of exercise.

One of the Fastest growing franchise businesses in India, which is growing very fast, is Pharma Franchise. You will find all these amazing benefits with the Best Pharma Franchise Opportunities.

Drawbacks of Franchise Business

Franchisee is dependent

In the franchise business, even though the franchisee is the business owner, they cannot work independently. The franchiser will regulate the franchise business, and the franchisee also must report to the franchiser.

Lock in term

Ideally, the franchise needs to commit to the franchiser for a lock-in term until they are expected to operate the business compulsorily. During the lock-in term, the franchisee cannot change any business terms.

Negative publicity

If the franchise business gets negative publicity because of the actions of the franchiser or the franchisee, the entire brand will suffer. It can lead to a loss of sales for the franchise.

It is good to buy a franchise if one wants to build their skills. At the same time, if one wants to have control of their business, it would be great to start their own business.

Business

Choosing the Best MTF Service Provider: Factors to Consider

Published

3 hours ago

May 8, 2024

Rishabh Agarwal

Margin trading is becoming increasingly popular among investors seeking to amplify their trade power. However, choosing the right margin trading facility service provider is key to succeeding in this venture. With diverse options available, investors must carefully evaluate various factors to choose the provider that best aligns with their trading objectives and risk tolerance levels. In this blog, we will discuss some essential things you should consider when selecting an MTF service provider.

Key Factors to Consider While Selecting an MTF Provider

Regulatory Compliance and Reputation

Before anything else, it’s important to check whether the chosen MTF provider complies with regulations or not. Opt for providers licensed and regulated by reputable financial authorities, as they inspire greater trustworthiness. Also look into past performance records, customer reviews and any history of regulatory fines to assess provider’s reliability. Working with an established name gives you peace of mind as they have built a good track record over time making them a safer choice in comparison to the new ones that could be fraudulent in nature.

Margin Requirements and Leverage

Evaluate the leverage offered as well as the margin requirements, as these significantly influence outcomes. While higher leverage can amplify gains, it also entails greater risks. Strike a balance between potential profits and risk management strategies that align with your tolerance levels and trading objectives.

Range of Tradable Assets

Diversification is key to a well-rounded trading portfolio. Ensure that the MTF provider offers a diverse range of tradable assets, including stocks, commodities, and forex markets. This diversification not only enables you to capitalise on price fluctuations but also mitigates risks associated with specific sectors or industries.

Trading Platform and Technology

Your chosen MTF platform will form the backbone of your trading activities. Prioritise platforms with advanced features such as real-time market offers, comprehensive charting utilities, and a variety of order types. Opt for stability, security, and compatibility with popular devices and operating systems to minimise disruptions to your trading workflow.

Costs and Fees

In margin trading, various charges are incurred such as commissions, spreads, financing rates, etc. Conduct a comparative analysis across various MTF providers and pinpoint the cost-effective settlement for you without sacrificing quality. Pay close attention to hidden fees that can accumulate over time.

Risk Management Tools

Effective risk management is a must for capital preservation and reducing loss in margin trading. A forex brokerage is not a place where traders can make a fortune easily. If you have decided to become a successful MTF trader, select a broker with effective risk management tools like stop-loss orders, limit orders, margin call alerts and risk analysis functions. Such tools empower traders to optimally deal with market fluctuations with confidence.

Customer Support

During turbulent market conditions or technical issues, efficient customer support is indispensable. Evaluate the accessibility and responsiveness of the provider’s technical support team across various communication channels, including mobile, email, live chat, and social media platforms.

Educational Resources and Analysis

If you wish to progress your trading skills and develop the quality of your decisions, it’s a must to never stop the learning process. A reputable MTF should have generous educational resources, financial market research, and the best analytical tools on its platform to enhance your trading knowledge and decision-making capabilities.

Execution Speed and Liquidity

Instantaneous order execution and exposure to vast liquidity areas are two very important factors which need to be taken into account if one wishes to succeed in trading. Assess the provider’s ability to swiftly execute trades and provide ample liquidity, particularly for high-frequency trading strategies.

Security and Account Protection

When deciding on an MTF service provider, security should be a top priority at any time. Make sure the service provider uses well-structured security measures to protect your funds, personal data and trading information available to the market. Look for features such as encryption, two-factor authentication, and segregated client accounts to minimise the risk of unauthorised access or data breaches.

Additional Services and Features

Consider additional services and features offered by the MTF provider, such as demo accounts, social trading platforms, and customisable interfaces. These extras can enhance your trading experience and provide added value beyond basic margin trading facilities.

Conclusion

To put it briefly, selecting the best MTF service provider requires thorough consideration of various criteria, including regulatory compliance, margin requirements, trading and more. Lastly, perform in-depth research and analysis to identify the provider that best aligns with your trading goals and preferences, thereby minimising risks and maximising returns in margin trading. Stay informed, exercise due diligence, and adapt to the ever-changing market dynamics to thrive in margin trading.

Business

Mona Patel Net Worth 2024: How Much is the Entrepreneur and Philanthropist Worth?

Published

9 hours ago

May 8, 2024

Vishnu Chaudhary

Mona Patel Net Worth 2024: How Much is the Entrepreneur and Philanthropist Worth?

Who is Mona Patel?

Mona Patel, a renowned entrepreneur and philanthropist, has captured headlines with her remarkable achievements. Hailing from Vadodara, Gujarat, India, Patel embarked on her journey to the United States at a young age to pursue her entrepreneurial aspirations. She is a trailblazer in various fields, including business, education, and philanthropy. Her dedication to empowering women and supporting meaningful causes has earned her widespread recognition.

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Mona Patel Career

Remarkable achievements and relentless dedication mark Patel’s career trajectory. She holds an impressive array of qualifications, including a Bachelor of Science degree in Computer Science from Gujarat University, a Master of Science degree in Real Estate and Finance from the University of Florida, and a Master’s degree in Business Administration from MIT Sloan School of Management, among others.

Her professional journey includes pivotal roles in esteemed organizations such as Creative Choice Group, Select Radiology, Monalisa Properties, Teliradx, HauteX Ventures, M1 Imaging, CareFirst Imaging, Culture For Cause, and RadXai. As the Co-Founder, CEO, and CFO of various ventures, Patel has demonstrated exemplary leadership and innovation, contributing significantly to the business landscape.

Mona Patel’s Net Worth

As of 2024, Mona Patel’s net worth is estimated to be approximately $1.2 billion. This substantial wealth is a testament to her entrepreneurial acumen and strategic investments across diverse sectors. Patel’s multifaceted business ventures have not only propelled her financial success but also enabled her to make a meaningful impact on society through philanthropy and social initiatives.

Mona Patel Age

Born on April 28th, Mona Patel’s age aligns with her dynamic personality and visionary leadership. As a Taurus by zodiac sign, she embodies qualities of determination, resilience, and creativity, which have been instrumental in her journey to success.

Mona Patel Family: Husband

In her personal life, Mona Patel shares a fulfilling relationship with her husband, Chintan Desai, a successful businessman. The couple exchanged vows on November 29th, 2007, and their enduring bond is evident through their cherished moments shared on social media.

Mona Patel Height and Weight

While specific details regarding Mona Patel’s height and weight are not readily available, her towering achievements in business and philanthropy speak volumes about her stature as a dynamic leader and role model.

Also Read: Charlotte Tilbury Net Worth 2024: How Much is the Entrepreneur and Make-up Artist Worth?

Net Worth

David Yong Net Worth 2024: How Much is the CEO of the Singapore-based Evergreen Group Holdings Worth?

Published

9 hours ago

May 8, 2024

Vishnu Chaudhary

David Yong Net Worth 2024: How Much is the CEO of the Singapore-based Evergreen Group Holdings Worth?

Who is David Yong?

David Yong is the CEO of Evergreen Group Holdings, a prominent Singaporean businessman, lawyer, and K-pop artist. He owns over fifteen firms spanning various industries, including wood, real estate, food and beverage, lifestyle, and finance.

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David Yong Career:

Yong began his career as a trainee lawyer before joining his family’s firm in 2014. He oversees over fifteen companies, diversifying his father’s company with a strong focus on the Indochina region under the corporate umbrella of Evergreen Assets Management.

David Yong’s Net Worth:

David Yong’s estimated net worth in 2024 is $16.7 million. His wealth stems from reported shares across multiple companies, including Processa Pharmaceuticals, Inc., and QUESTCOR PHARMACEUTICALS INC. He also owns fifteen homes in Asia and holds $90 million in cash.

David Yong Age:

David Yong is 36 years old.

David Yong Family: Parents:

Yong’s father is Yong Ing Fatt, who laid the foundation for the family’s timber logging business in Indochina. David followed his father on business trips and learned the ropes of the industry from a young age.