Deep respect to the BRAVE HEARTS who sacrificed their lives for the country and condolence to their families.
May their souls rest in peace!!
Saturday, November 29, 2008
Monday, November 3, 2008
Franchising Vs Distributor/dealer model - Commitment Vs Risk ??
Franchising Business: A business model involving licensing of brand-name, trade mark and method of business/technology. There are 2 entities in this model:
1. Franchiser: Company which provides business model, technology, brand name and receives the royalty from franchisee for this offering. If you have an established business/unique technology/brand name, this is the fastest model to expand your business.
2. Franchisee: Person/Company which does the business using franchiser's brand name and business model. When you are planning to start new business without much investment and don't have plans to grow very big you can take the franchising of an established brand. This reduces your risk, investment on Research and development and guaranteed ROI as its a proven business concept.
Dealer-Distributor model: Method of selling the product/solution through existing dealer-distributor network. Dealer/Distributor gets some percent of commission for selling the goods and Manufacturer decides the final price of the product.
Distributor buys the product in bulk from the manufacturer and sells it to dealer who is a retail seller/sells goods to customer.
Though both franchising and Dealer-distributor models are methods for expanding a company's business rapidly, choosing the right solution depends on your business.
Franchising model is best suited -
- when you have multiple products
- when you have unique technology which cannot be copied easily without high investments, long development cycle, large investment on research and development.
- Need to build franchisee network (can use 3rd party services to build the franchisee network. eg: teamindiamangers)
Dealer-Distributor network can be used for selling your product
- When you have fewer products
- better way to sell by making use of the existing network
Franchising model reduces your headache of customer service and responsibility of marketing and sales. Franchisee is a small entrepreneur who is enthusiastic about the business. He believes in your business model and invests his money hence you need to give certain commitments to make his business work.
Dealer/Distributor doesn't worry about your business and is only interested in the commission he gets on your product. Hence you have to take complete responsibility of expanding the business.
Hence think building the franchisee network is beneficial when you have enough business, established model and resources to satisfy the crying baby(franchisee).
Commit only if you are able to satisfy it!!!
1. Franchiser: Company which provides business model, technology, brand name and receives the royalty from franchisee for this offering. If you have an established business/unique technology/brand name, this is the fastest model to expand your business.
2. Franchisee: Person/Company which does the business using franchiser's brand name and business model. When you are planning to start new business without much investment and don't have plans to grow very big you can take the franchising of an established brand. This reduces your risk, investment on Research and development and guaranteed ROI as its a proven business concept.
Dealer-Distributor model: Method of selling the product/solution through existing dealer-distributor network. Dealer/Distributor gets some percent of commission for selling the goods and Manufacturer decides the final price of the product.
Distributor buys the product in bulk from the manufacturer and sells it to dealer who is a retail seller/sells goods to customer.
Though both franchising and Dealer-distributor models are methods for expanding a company's business rapidly, choosing the right solution depends on your business.
Franchising model is best suited -
- when you have multiple products
- when you have unique technology which cannot be copied easily without high investments, long development cycle, large investment on research and development.
- Need to build franchisee network (can use 3rd party services to build the franchisee network. eg: teamindiamangers)
Dealer-Distributor network can be used for selling your product
- When you have fewer products
- better way to sell by making use of the existing network
Franchising model reduces your headache of customer service and responsibility of marketing and sales. Franchisee is a small entrepreneur who is enthusiastic about the business. He believes in your business model and invests his money hence you need to give certain commitments to make his business work.
Dealer/Distributor doesn't worry about your business and is only interested in the commission he gets on your product. Hence you have to take complete responsibility of expanding the business.
Hence think building the franchisee network is beneficial when you have enough business, established model and resources to satisfy the crying baby(franchisee).
Commit only if you are able to satisfy it!!!
Sunday, November 2, 2008
Freedom
Freedom is a state of consciousness free from all bondages, enables us to take action. Being unreasonable makes us to be free. Life gives us two choices – one accepting the circumstance with grace making it as a door of opportunity and the other way is to become the victim of a circumstance and suffer from it. In many we make ourselves the victim of a circumstance and suffer throughout the life thought we are free make our own choice.
Actions become transparent when you act to an event instead of reaction. Action comes from mind whereas reaction is always generated by emotions.
Freedom doesn’t exist in external things/events. It is not there in authority or rights also. Freedom and business are closely coupled terms. We are generally under the impression that I will be free to make decisions if I have my own business and when I am my own boss. But it makes me responsible for the whole organization and answerable to anything related to business and I have millions of customer who are my bosses J. In positive terms being responsible for one’s life makes us free. I being the cause and matter for everything in my life make me responsible for every thing in my life.
Actions become transparent when you act to an event instead of reaction. Action comes from mind whereas reaction is always generated by emotions.
Freedom doesn’t exist in external things/events. It is not there in authority or rights also. Freedom and business are closely coupled terms. We are generally under the impression that I will be free to make decisions if I have my own business and when I am my own boss. But it makes me responsible for the whole organization and answerable to anything related to business and I have millions of customer who are my bosses J. In positive terms being responsible for one’s life makes us free. I being the cause and matter for everything in my life make me responsible for every thing in my life.
Creativity
Creativity is about jolting us out of our comfort zones.
What is creativity? How can one become creative? I have to think out of box to define creativity J. Let me copy-paste Tom peters definition “Creativity is about jolting us out of our comfort zones.” Can you see me not being creative in defining “Creativity” because of my ctrl-c habit J? This is the most dangerous habit a person can cultivate in his life.
Many times we limit creativity to some artwork like paintings, architecture, photography etc. “Creativity is in being limitless, and thinking beyond the horizons generating new ideas, processes and products.” Creative products are tangible form of one’s creative thioughts.
How can we develop creativity? Does it come from knowledge or unlearning?
Creativity is not the transformation that happens overnight. Our knowledge, experience and wisdom together make us creative. Sometime our limited knowledge stops us from thinking out of box.
There are different zones of the knowledge – 1) You know that you know 2) You know that you don’t know 3) You don’t even know that you know – this constitutes almost 99% of the knowledge of the universe. The more you are connected to the cosmos, the more you can access the wisdom of the god. This connectivity can be strengthened through yoga and meditation practices, which increases your awareness.
You don’t need to go to Himalayas in search of creativity. Whenever you come across some challenge, instead of telling “I can’t do it” inquire yourself “How can I do it?” Creativity is inside you; give some space for it to come out!!
What is creativity? How can one become creative? I have to think out of box to define creativity J. Let me copy-paste Tom peters definition “Creativity is about jolting us out of our comfort zones.” Can you see me not being creative in defining “Creativity” because of my ctrl-c habit J? This is the most dangerous habit a person can cultivate in his life.
Many times we limit creativity to some artwork like paintings, architecture, photography etc. “Creativity is in being limitless, and thinking beyond the horizons generating new ideas, processes and products.” Creative products are tangible form of one’s creative thioughts.
How can we develop creativity? Does it come from knowledge or unlearning?
Creativity is not the transformation that happens overnight. Our knowledge, experience and wisdom together make us creative. Sometime our limited knowledge stops us from thinking out of box.
There are different zones of the knowledge – 1) You know that you know 2) You know that you don’t know 3) You don’t even know that you know – this constitutes almost 99% of the knowledge of the universe. The more you are connected to the cosmos, the more you can access the wisdom of the god. This connectivity can be strengthened through yoga and meditation practices, which increases your awareness.
You don’t need to go to Himalayas in search of creativity. Whenever you come across some challenge, instead of telling “I can’t do it” inquire yourself “How can I do it?” Creativity is inside you; give some space for it to come out!!
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