Managed IT Services

A business services franchise is a good option for many who are prepared to serve the corporate world. Managed IT Services a business franchisee needs an investment in terms of fees, real estate, marketing, merchandise, etc. you can find both small company services as well as high-cost businesses in the category. Here we discuss some prominent business services franchises.

Financial services: The financial services space is rapidly growing in India. It is one of the most significant business services in India. In line with the latest Central Statistical Organisation (CSO) data, the financial services, banking, insurance, and real-estate sectors have risen by 7.8 percent in the next quarter of 2009-10. This displays the success of the financial service industry. With the overall upsurge in the amount of finance services seekers, finance service providers took to franchise route, thus making a great scope for franchise opportunities.

Till a few years back, the franchising which was an as yet not known concept in this field has gained lots of momentum in the current times. Before discussing the factors in charge of this development, let's first get acquainted with the word 'Financial services franchisors' ;.

Financial services refer to services provided by financial service companies. The finance service companies encompass a broad range of organizations that deal with money management. A few of these organizations include banks, insurance companies, consumer finance companies, stock brokerages, investment funds, etc. These companies offer various services such as asset protection, investment and savings, retirement plans, and customer-orientated service, besides offering personal loans, commercial loans, mortgage loans, and education loans for aspiring students. Financial service providers are on the rise as franchising as a mode of expansion has been opted for by this industry. Manish Shah, Associate Director- Business Strategy, Equity & Product Development, Motilal Oswal Securities Ltd shared, "The belief in entrepreneurship and the drive it brings to the business, made Motilal Oswal take the franchise route. Franchising brings more scalability to the business and the business becomes entrepreneur driven."

Courier Services: Another category of business services is courier service. The companies basically work round the transportation of goods from place to a different, delivery of documents, packages, and larger shipments of products. These provide services to companies and individuals who need rapid service, accountability, and tracking that regular mail doesn't accommodate. Courier services are more reliable and dependable as compared to ordinary postal services as a result of less time consumed and delivery guarantee. However, with the introduction of modern gadgets and faster modes of transportation, this system in addition has progressed a lot. Moreover, franchising is also one of the main stimulants of its popularity and profitability.

Franchising in this sector has grown with increased and more players taking the franchise model for reaching out to far-flung areas in the vast nation. Courier service companies are required to deliver important mail and parcels to any kind, whether city, town, or village in the country. Therefore, franchising could be the best mode for guaranteed delivery of the items. According to DS Patel, Channel Head, DTDC, "Franchising is a vital and most reliable way of expanding the network. Opening our own company-owned courier offices is very costly and time-consuming. However, a franchise outlet is economically advantageous to the company." As informed by Praveen Govindraj, Assistant General Manager, First Flight Courier, "Franchising definitely helps in directly reaching to far-fling areas for delivering items due to your local partners in those areas.

He further added, "Franchising can be a win-win situation for the franchisor and franchisees as both advantages of it. The area partner (franchisee) has a better concept of a certain locality than the main company that will be based out of Delhi or Mumbai. Delivering parcels to small towns and cities becomes difficult and also takes lots of time if it is done by a company in metropolitan areas. At such times the area franchisee could be of great help." This can be the major reason for courier companies to select the franchise route. Moreover, having local partners all over the nation, who deliver all items on time, also escalates the credibility and profit-making of the parent company.

The typical feature of the courier service franchise includes doorstep booking, customer convenience, and security of each and every consignment that has been entrusted to it. Jaguar Couriers Franchise, Blazeflash Couriers, etc are a few of the franchising companies under this category.

Cartridge refilling forms another business service category. In the present day age of I.T, there is a constantly growing significance of cartridge fills. Managed IT Services foraying to the cartridge refill industry through the franchise route is really a promising venture. A tube refill franchise offers to its users quality refills at a fractional cost. Current industry trends and future projections claim that printer cartridges demand will continue to multiply at a very fast pace as computers and low-cost printers swamp the market. Cartridge World, Cartridge Café, and Cartridge Xpress are a few of the good low-cost franchise options.