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Pallavi Majha Sep 29 2017 - 5 min readThe victory of Chennai Super Kings marked the ending of IPL’s third edition. IPL an initiative of BCCI, inaugurated in 2008 when BCCI auctioned the franchise rights to eight franchise teams for ten years to the highest bidders. IPL generated a total amount of $724 million to BCCI from bidding. Bidding has served as the ...
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Pallavi Majha Sep 29 2017 - 3 min readFranchising is not a life time contract as a franchise agreement is signed for a fixed time period and with the completion of this duration the franchise agreement expires. In such a situation the franchisee needs to get his franchise agreement renewed in the event of expiry of the contract.However, this renewal process is quite ...
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Pallavi Majha Sep 29 2017 - 3 min readA franchisor needs to maintain uniformity and standards of quality across all his franchise chains. People know the brand and expect same kind of quality, services and ambience at each franchise outlet. Supporting this view, Mr Pawan Gadia, Vice-President, Ferns N Petals, says, “It is very important for the franchisor to maintain the uniformity ...
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Pallavi Majha Sep 29 2017 - 3 min readThe recent economic recession has rendered a large number of people across the world jobless. Everyday we learn about various companies laying off their employees as a result of the economic recession. Such an economic situation pushes laid off workers to think about starting their own businesses. However, many people may feel that it ...
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Pallavi Majha Sep 29 2017 - 3 min readIf you are one of the aspiring franchisees and are finding it difficult to take a decision regarding the franchise, then just check out the franchisees’ and franchisors first impression. You get only one chance to leave an impression whether you are a franchisee or a franchisor. As Mr Pawan Gadia, Vice President, Ferns ...
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