Assignment:
Create a 5000 words:
Your client (Mr. Amitabh) is a prospective franchisee who is looking at franchising as an opportunity to start his own business. Mr. Amitabh has a career of 25 years in Information Technology industry as senior manager but now want to be self-employed. He is open to be a franchisee in any industry except Information Technology industry. Your consultancy report must provide answers to all the common questions that your client may ask which may be related to setting up and managing the franchising business, taking care of related issues and helping in growth and development of this (franchise) business.
Your role as a franchise consultant:
As a franchise consultant your group will act as a guidance counsellor for a potential franchisee by helping to guide them through the process of finding and purchasing a franchise and understanding the franchise industry.
Common Questions asked by Franchisee:
1. How franchisee Business works?
2. What common types of franchise models are available in the market?
3. How to analyse and choose the suitable franchise purchase?
4. What parameters to consider while selecting a suitable franchise
Suggested Structure of the Report:
1. Introduction to Franchise Business
a. How franchisee Business works?
b. Advantages and Disadvantages of a Franchise Business for a franchisee.
c. What common types of franchise models are available? (With their respective pros and cons).
2. Evaluation of a franchise business
a. What parameters to consider while selecting a suitable franchise
b. How to select the wisest franchise purchase (based on a price range)
3. Indian Franchise Business market analysis
a. Profiles of major industries/ sectors (Minimum 3 industries)
b. Various (Minimum 5 companies) companies with in each prospective industry
c. Evaluation of each company/ based on the investor's profile and budget assumptions (List down the options to three best alternative companies).
4. Concluding remarks and final recommendations to the investor
5. Team Reflection and Minutes of the Meetings
Your work must be original and fully referenced (using Harvard Referencing System).
The team worked well together to achieve objectives. Each member contributed in a valuable way to the project. All data sources indicated a high level of mutual respect and collaboration.