What are the best startup ideas in a service business?

CH Christineng asked on 18 December 2019, 10:47
1 answers / 851 views / 1 votes

The best business these days are owning a franchise of a good company, they are best for many reasons as franchising means that instead of adding a new company-owned location or business unit, you allow someone else to pay for the rights to use your name to develop a new location. If someone is interested in franchising your business model, you have achieved some success as a small-business owner. But you still should weigh the benefits of franchising against those of expanding company operations on your own.

A major benefit of company-owned expansion is control. You have a lot more control over your operations if you own them. You also have more say in the location of the new business unit or store and how it is marketed to a new customer base. This allows more consistency in operations and ensures that business decisions align with your goals and vision. If control is important to you, it is typically better to keep company expansion in your hands. When you franchise, you can place controls or limits on franchisees as part of the agreement. This is fairly common. Many franchisees agree to abide by store setup and operational and buying procedures. However, you won't have day-to-day oversight of the franchised business. If poorly operated, a franchised location can damage the entire brand. Franchisees could also alienate your vendors, and their illegal or unethical activities can affect the entire operation.

Franchising is usually a faster way for a small business to expand. Typical small-business owners don't have the capital to aggressively add new retail locations. By allowing other motivated owners to buy into the company, you can add more locations much faster. Each business unit can indirectly benefit from the synergy of the company expansion as word of mouth spreads among customers.

Franchise business is on fire these days, my ideas for best franchise as looking forward to this period of time is the company, who is achieving success day by day because of their working ethics and responsibility of fulfilling there customers needs at time. The best franchise I would like you take is Phixman. One of the most intruiging firm in India.

They are best because :-

  • Significant capital required.
  • Large overhead.
  • Borrowed capital utilized must be repaid.
  • Large time & expense requirements.
  • Management problems related to span of control, supervision demands, difficulty in hiring and maintaining competent managers.

Phixman. The best company to rely on or spending your money on these days, Phixman is the Online Mobile Phone Repair Service Company. As we all know Smartphones has become part of lives. We want Smartphones with us no matter what the situation is, and if it stops working or gets broken, the pain is as same as a heart attack. But thanks to Phixman, We can now get best repair for you mobile phone by sitting at your home. All we have to do is just open the Phixman’s website, enter our address and that’s it. They will come to our place, take our Smartphone, Repair it and then deliver back to you. That’s not it, we also get 1 month of warranty for our smartphones. This is currently very successful and a very promising new concept for business.

Phixman is a total bargain, go for it!

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