Why own a franchise?

Indians, by and large, are risk averse when it comes to entrepreneurial ventures. This is why, owning a franchise is a perfect opportunity. It offers several benefits, unlike, say, a start-up, including the backing and support of an established parent brand.

What is a franchise?

The definition of a franchise, according to the Marriam Webster dictionary, is: the right or license granted to an individual or group to market a company's goods or services in a particular region.

What this means is that franchise owners become representatives of a company in areas where the company is not present. This works to the benefit of both the franchise owner and the franchise, as it allows the former to enjoy the backing of the company, as well as the brand; while, on the other hand, the franchise is able to reach locations which it might not have been able to without the franchise partner.

Advantages

There are several benefits of owning a franchise, which include:

Brand Name: Any entrepreneur would testify to the struggle one needs to undertake in building a brand. As a franchise, you need not worry about that aspect, since you are associating yourself with an established brand right from the beginning.
Costs: In the initial stages of any entrepreneurial venture, the costs involved appear intimidating to many. However, when it comes to a franchise, these costs can be greatly reduced, with the parent company helping the franchise owner in various ways.
Loans: To begin its journey, almost every business requires loans. Having the backing of a larger company would aid a franchise owner in obtaining the loans at more favorable rates.
Established Business Model: In addition to the brand name, the franchise company also brings with it tried & tested business models and years of operations-related experience. These go a long way in helping a franchise owner streamline his/her operations from day one.
raining: In the education domain, the training of the faculty members becomes a critical factor to ensure success. As a franchise partner, you will receive the support required in this regard.

Why a Career Launcher franchise?

There are several reasons as to why a Career Launcher franchise would be the best option for you. Here is a breakdown of the major factors:

Education Sector: If there is one sector, which is integral to the development of a nation, it would be education. Career Launcher operates across the education domain â right from tuition segment (Classes VIII to X), undergraduate exams (IPMAT, CLAT, AILET, JEE, NEET, etc.) to the higher education segments (CAT, GMATâ¢, GREÂ®, GATE, etc.).
Legacy: When you decide to own a Career Launcher franchise, you become part of a 25-year-old legacy. The recognition, recall, and retention of the brand name will prove to be invaluable while conducting business.
Online Platform: The ongoing COVID-19 pandemic has made it obligatory for almost every venture, especially those in the education domain, to be conducted online. With our robust, cutting-edge online platform, you will be able to seamlessly reach out to your customers.
Bouquet of Products: As a business owner, you would always be looking to expand your user base. The wide variety of products offered by Career Launcher would allow you to cater to audiences in a manner most other franchise owners would not be able to.

Conclusion

Owning a franchise is a great opportunity, as well as a big responsibility. This is especially true in the case of a Career Launcher franchise, as we work with students to help shape their careers. So, if you wish to take up this challenge and become a business owner yourself, please click here and fill up the form to get in touch with us.

Hear what Satya, the India's original Ed-tech founder, has to say

If you are looking to understand exactly what it takes to succeed as an entrepreneur in the education domain, listen to Satya as he expounds on his journey through tumultuous times as he grew the company that is Career Launcher from inception to its IPO.