NHIT - The Ninteen Hours IT Private Limited - Titans of Software Development, Web Design and Development, BPO, Education and Finance

Franchising

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Franchising in India

 Acceptability growing by the day
 Fairly conventional industry spread
 Approximately 600 franchisors spread across industries like education, retailing, professional services, healthcare etc
 Over 40,000 franchisees
 Annual turnover from Franchising – anywhere between Rs.8000-Rs.10,000 crores
 Total investments made by Franchisees – over Rs.5000 crores
 Over 300,000 people directly employed by franchised businesses
 Variety of hybrid formats in practice
 Number of International franchises already existing, more coming in

Factors Defining the Growth of Franchising in India

 Positive Factors

 Huge consuming class
 Fast-growing consumerism
 Shift towards Services from Agriculture & Manufacturing
 Franchising has already proven to be successful in several sectors
 Large entrepreneurial pool

 Negative Factors

 Lack of regulatory framework
 Financing mechanisms not in place

Franchising Trends in India

 The Education sector dominates the Indian franchising scenario, although Retail is fast catching up
 Most of the franchisors are relatively new and small
 Several large Indian corporate also going the franchising way  
 Newer & innovative concepts being introduced
 Substantial interest from international franchisors as well as Indian business houses for master franchises
 Franchising is now spread across the country, thereby providing opportunities to entrepreneurs everywhere

Benefits of Franchising

 Franchising allows the franchisor to:

 Have greater access to capital
 Expand rapidly
 Save operating costs
 Capitalize on the abilities of independent entrepreneurs  

 Franchisees joining a franchise system enjoy the following benefits:

 Backing of a bigger organization
 Shorter learning curve
 Established trade mark or service mark
 Economies of scale  
 Joint advertising and promotion
 Transfer of management expertise
 Training & support from the franchisor

Critical Success Factors for a Franchise System

Ranking Factors
1 A Well Established Business Network
2 Constant New Product Development
3 Innovative Products / Services
4 Quality of Franchisees
5 Transparency
6 Return on Investment to Franchisees

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NHIT’s Franchisee pre-requisites
• To be a part of our success, the franchisee should have financially sound business establishments with a vision to run a business in the BPO, Education, Finance, Software development, Web design & development segments & Advertisements.
• A minimum investment of Rs.18 to 20 lakh, excluding the Franchisee fee.
• Approximately 3000 square feet office space ( Own/ rental)
• Franchising Fee - Rs. 5 lakh for 3-tier cities; Rs.7.5 lakh for 2-tier cities; Rs.10 lakh for Metro & Cosmo cities.
• Royalty - 5% on total sales every month

Support for Franchisee

· Branding
· Corporate advertising every month
· Hand holding support from the operations team 
· Pre-operation support
· Feasibility
· Requirement
· Procurement
· Process
· Leads
· Minutes – Talk time
· Quality check for sales made
· Initial Staff Recruitment 
· Adequate initial training to new recruits & deputing to their respective place of work for successful operations
· Provide Ongoing training, whenever necessary
· Conducting periodical Surprise audits
· Systems & Procedures
· Operations Manual
· Quality Manual
· Franchisee Manual
In addition to these, NHIT provides:

·  Syllabus
· Courseware
· Course Certificate
· Contents for Advertisements
· Designs for Leaflets, Flex, Sign boards, etc.

· One Stop Solution for all your needs
· You get franchise involving IT, ITES and Education services
· You can start your business from Day One 
· Choose the product or service you wish to offer to prospects 
· Select the geographical area that the business is interested in 
· Tailor-made options for requirements
· Tested, tried and trusted methods