Whether you’re a prospective business owner who’s looking for a franchise or enthusiastic motivated entrepreneurs with sound financial and business qualifications. If you have a desire to learn and grow, and want to enjoy the benefits of working within an exceptional franchise system, come to Smart Brain Consultancy Services Pvt. Ltd.
Franchising provides you a route into business ownership with the back-up of a larger organisation. By purchasing a franchise, new business owners are able to avoid enduring the learning curve of operating a new business by taking advantage of a proven business model and product. It’s an opportunity to be in business for yourself but not by yourself
Franchising is a term often used to describe many forms of business relationships including distributor, agency, dealerships and even a series of films.
Because you are investing in a proven and developed business system, there is rarely a requirement for relevant industry or business management experience. Rather franchising is providing you with a route into business ownership with the back-up of a larger organisation.
The advantages of buying into a franchise:
- You don’t have to come up with a new idea. you are buying into a proven tested system of doing business.
- Larger, well-established franchise operations will often have national advertising campaigns and a solid trading name.
- Franchisors will offer comprehensive training programmes in the skills you will need to operate the business.
- Franchisors can also help secure funding for your investment as well as e.g. discounted bulk-buy supplies for outlets when you are in operation.
- Customers prefer to deal with a branded business. lace wigs uk
The Franchise Agreement provides for training in the operation of a business and the implementation of the franchise concept. This is followed by ongoing support in activities such as launching the business, sourcing stock, marketing campaigns and attaining sales contracts. The franchisor maintains an interest in your business through the collection of a Management Service Fee – typically a small percentage of your turnover. This provides the incentive and the funding for the franchisor to maintain network support initiatives such as national marketing, ongoing training and product development, freeing you to concentrate on building a successful business.
The franchisor will receive an initial fee from the franchisee, payable at the outset, together with on-going management service fees – usually based on a percentage of annual turnover or mark-ups on supplies. In return, the franchisor has an obligation to support the franchise network, notably with training, product development, advertising, promotional activities and with a specialist range of management services.
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Smart Brain do out weekly payroll, process purchase Invoices, make supplier payments, VAT and payroll returns on our behalf since 2015, and we highly recommend their efficient and fast service.
Smart Brain keeps my bookkeeping and VAT returns up to date and they also do my Income Tax returns. I am delighted that Smart Brain returns my calls and answers all queries promptly.
Smart Brain provides us with a payroll bureau service. We decided to outsource our payroll to Smart Brain due to the confidentiality of the service and the knowledge and experience of the Smart Brain team.