In light of the current economy, many people are thinking twice about starting independent business ventures; instead, they're looking to franchising. Why?
Franchisee Business Model's primary benefit is of risk minimization. Starting a new business is risky as lot of investment is done in it. Such as pharmaceutical industries in India involves a lot of investment at its initial stage. Most studies show that over 90% of the individuals fail within three years. The primary reason that the failure rate is so high because the owners have to go through the learning curve of operating that specific type of business. Pharma Franchise Opportunity reduces that curve substantially.
Franchisers sell a defined, proven business format or method of operation, offering a product or service that has sold successfully. An independent business is based on both an untried idea and operation.
The experience of the franchiser’s management team increases the potential for success in pharmaceutical business. The primary reason that franchising is so successful is because the learning curve is transferred from the franchisor to the franchisee. The franchisor has developed a successful system to compete the pharmaceutical companies in India. If you are going to be a franchisee, you must be willing to stick to the system. You have to do things the franchisor's way. Not your way. The closer your experience is to the type of business you are considering, the better are your chances of succeeding.
Operating a business requires wearing many hats. You have to be willing to do everything from managing inventories, finance, marketing & distribution.
Thinking of starting your own business, but don’t want to launch a business completely from scratch? Then consider a Pharma franchise opportunity.
We believe in the motto “ Together we can achieve more”, thus believe in teamwork. We have unique partnership opportunities for All India Distribution right/ Master franchisee, Innovative partnership proposal for pharma marketing experienced professionals having entrepreneurial zeal & willing to start own venture.
Become Our Partner, Be Part of the Solace Biotech Success Story.
At Solace Biotech, we believe in partnering with like-minded professionals for a mutually beneficial relationship in pharmaceutical industries. We empower our partners with all the resources that they require to market our products, capitalize on upcoming opportunities, maximize sales and enhance profitability.
Solace is an organization founded by entrepreneurs, fueled by entrepreneurs and focused on helping entrepreneurs succeed. As a dedicated Pharma franchise system, Solace offers a structured, professional and proven franchise system that can be used as the foundation for building one’s own business. We indulge with individual who wants to establish pharmaceutical industry in India.
You can partner with us by becoming a Solace Biotech franchisee associate. All our existing franchise partners have benefited immensely in terms of brand recognition and revenues. Pharma Franchise opportunities for Solace Biotech products are available for certain selected markets.
We support our current franchise partners to establish their pharmaceutical business with guaranteed profits in their territories and a comprehensive program to develop, operate and market the franchised concepts. If you are interested in partnering with us, please fill out the on-line franchise application form.
Important points to consider before taking
Doing your homework is essential–if you buy into the right one, you may find yourself running a very successful and profitable business. On the other hand, a hasty decision made without proper consultation and research could end up leaving you in a financial hole you can’t climb out of.
Here are several things you should consider before making the decision to buy into a franchise weather for a pharmaceutical business of any other .franchise.
Before you make a decision, learn about some of the benefits and drawbacks of franchisee business model so you can make an informed choice about your future.
As with any business venture, your risk will be lowest if you plan ahead and thoroughly research every aspect of the franchise system you want to join. Approach the matter rationally and systematically, considering each of the following risk factors.
Franchise Risk Factor #1: Compatibility
Some people do not belong together; similarly; not all entrepreneurs and franchisers have chemistry. Even if a franchised business seems very appealing, you must consider your compatibility with its system, product/service and guiding philosophy.
How to reduce your risk
Find a franchise that inspires you. Are you fascinated by the product or service a franchise sells? If the work is not enjoyable, or even inspirational, you may struggle to succeed, even in a sound franchise system.
Confirm clearly about your investments & make plans to scale up your business as per budgets &,margins. Involving franchisor in making plans will be better option.
Franchise Risk Factor #3: Size and strength of the franchise system :
The number of locations a franchisor currently has is one indicator of its stability. A large franchise system typically has a proven product or service and can provide you with valuable experience. However, popular franchises are also in high demand, and rarely negotiate terms—a smaller, newer franchisor could make a great ground-floor opportunity.
How to reduce your risk
How to reduce your risk
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