Cost Effective Business Services

A business services franchise is a good option for many who are willing to serve the corporate world. A business franchisee needs an investment in terms of fees, real estate, marketing, merchandise etc. there are both small business 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. According to the latest Central Statistical Organisation (CSO) data, financial services, banking, insurance and real estate sectors have risen by 7.8 per cent in the third quarter of 2009-10. This displays the success of the financial service industry. With the over-all increase in the finance services seekers, finance service providers took to franchise route, thus creating a great scope for franchise opportunity.

Till a few years back, the franchising which was an unknown concept in this field has gained lot of momentum in the present times. Before discussing the factors responsible for this development, let us first get familiar with the term ‘Financial services franchisors’.

Financial services refer to services provided by the financial service companies. The finance service companies encompass a broad range of organisations that deal with money management. A few of these organisations 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, customer-orientated service, besides offering personal loans, commercial loans, mortgage loans, and education loans for the aspiring students. Financial service providers are on the rise as franchising as a mode of expansion is being opted 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 around transportation of goods from one place to another, 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 does not accommodate. Courier services are more reliable and dependable as compared to ordinary postal services due to less time consumed and delivery guarantee. However, with the introduction of modern gadgets and faster modes of transportation this system has also progressed a lot. Moreover, franchising is also one of the main stimulants of its popularity and profitability.

Franchising in this sector has grown with more and more players taking the franchise model for reaching out to far flung areas in the vast nation. Courier service companies are required to deliever important mails and parcels to any part, whether city, town or village in the country. Therefore, franchising can be the best mode for guaranteed delivery of the items. According to DS Patel, Channel Head, DTDC, “Franchising is an essential and most effective way of expanding the network. Opening our own company owned courier offices is very expensive and time consuming. However a franchise outlet is economically beneficial 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 our local partners in those areas.” He further added, “Franchising can be a win-win situation for both the franchisor and franchisees as both benefit from it. The local partner (franchisee) has a much better idea of a particular locality than the main company which is based out of Delhi or Mumbai. Delivering parcels to small towns and cities becomes difficult and also take a lot of time if it is done by the company in metropolitan areas. At such times the local franchisee can be of great help.” This can be the major reason for courier companies to opt for the franchise route. Moreover, having local partners all over the nation, who deliver all items on time, also increases 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 some of the franchising companies under this category.

Cartridge refilling: Cartridge refilling forms another business service category. In the modern age of I.T, there is a constantly growing need of cartridgere-fills. Foraying in the cartridge refill industry through franchise route is a promising venture. A cartridge refill franchise offers to its user’s quality refills at a fractional cost. Current industry trends and future projections suggest 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 CafĂ©, Cartridge Xpress are some of the good low-cost franchise options.

Challenges

Every business has attached to it certain set of challenges. Though the basic challenges remain the same across the board for all business service franchises, their relevance with each sector differs.
Before opting for any of the above options, clear all your doubts. Apart from your initial investment, take into account the ongoing costs that must be paid to your franchisor, including franchise royalties, marketing fees and other required purchases. After you are convinced go ahead and make your mark in the franchising world!

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Evaluating the Potential of Internet Business Services

Internet Business Services are thriving. Every day there are more and more consumers logging on and now cost-effective to carry on business services via the internet.

To operate an Internet Business Service you will need less operating costs as you no longer require a brick and mortar store and you can now have specific niche businesses or items that would have failed if they had been in a traditional business setting. Best of all, Internet Business Services will allow you the freedom to be able to work from anywhere – the office, on the road, at home…anywhere!

That being said, not all Small Business Internet Services prosper. You can still sink a lot of money into your business and have it flop. There is homework involved for the Internet entrepreneur as you have to research the business you are considering as there is so much competition out there that it may be infeasible to try to go head to head with a company or in an industry you have no chance in turning a profit it.

Use concrete data to contribute as the basis of your Internet Business Services. Likely the main factor over all to be considered is the demand for the Internet Business Service you want to create.

Here is a scenario: You are considering an Internet Service Business to sell contact lenses in the Philippines. What is the average gross margin on sale? What are the price points to be considered? Is there enough volume in terms of population demographics to support the need? If you can not get enough traffic there is no need to be in that business.

Be very wary of your competition. Who are other Internet and non-Internet Business Service providers that cater to the same need? There could be few competing Internet Businesses in your niche, but if there is not enough traffic to begin with, you are better off to find another niche

How do you intend on making your money? Will you be acquiring your revenue from online sales, affiliate commission revenue, advertising revenue, email marketing…?

After you have done your homework and determined what niche is a fit for you and you are sure of the likelihood of success with your Internet Service Business get to work on your site. Make sure it is unique, interesting and useful. Launch it-and let the sales roll in!

But the next question is who is going to build your Internet Service Business website and how are you going to pay for the construction of the site and all that goes along with it? Today there are options for financing your website. You will likely need to put some investment into the site construction and development but if you finance the site, you can make the site much more professional and high-end and then pay for it over time as your sales come in.

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Get Freelancers for Your Business Services Needs

While running a business, there are many essential services that are required on a day to day basis. Business services are an important element of any business that ensures its survival. For small business that struggle to hire full time staff, outsourcing these services to freelance providers could be the ideal answer. If you decide to get freelancers for your business services needs, there is no doubt they would turn out to be reliable and a necessary part for your business processes.

Once the company has found reliable freelancers, results will become obvious that the business will start to develop and grow into successful entity. There are many freelance websites which offer opportunities for both businesses and the freelancers to find each other and work together. One can find a lot of different business services offered by freelancers and it is these diverse resources that businesses will be able to leverage and improve their current situations.

Whether it is accounting services, financial services, IT services or any other required service by the business, one can find experienced freelancers for all business service requirements. Once you get freelancers for your business you will find out how reliable, convenient and cost effective they are. To get freelancers whenever they are required, employers find they soon become a necessary investment. Freelancers have the ability to do anything in their chosen fields, it won’t take long before they become an integral part of the companies processes.

To get freelancers is not a very difficult task; there are many freelance websites where one can find freelancers for every kind of business service. Freelancers can really make a big difference in the development and growth of a business through their efficient services. In today’s world, businesses are worried about their profit margins and are always on the verge of contracting their budget and expanding their profits. Hiring a freelancer for business services is a great way to cut costs effectively.

Hiring freelancers for performing various business services has become a trend for many companies. It is a cost effective way to run a business, but make sure that the services you acquire from the freelancers are up to the mark. But overall it is a very effective way of running a business. The only thing required is to keep a close communication with the hired freelancer to make sure there are no misunderstandings along the way.

It is well known that to get freelancers for business services is quite advantageous, especially for small business. Once the business founds a reliable freelancer, it has been proven that the business would benefit a lot from the services provided by a freelancer.

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Using Business Service Management to Succeed in a Tough Economy

Whether the economy is booming or facing a crunch, one factor plays a critical role in business: IT. In today’s business environment, almost all business activities are tied with the IT department. However, most of the departmental heads have no idea of the impact of complex technology on their respective business processes. Many a times, department heads have no means of identifying and preventing bottlenecks within applications so that end users are not affected. In today’s tough economy, Business Service Management can come to the rescue of many IT managers as well as departmental heads to ensure a smooth running of business processes.

The importance of knowing end to end performance is not only applicable for large enterprises, but smaller entities too. In fact, monitoring end to end performance of applications is more important for small businesses, considering that they function on a very tight margin. In order to stay on top of any performance issue and to effectively solve it, business owners need application monitoring tools through which they can monitor whether their business services are functioning properly. Such application monitoring would also inform them of any bottlenecks in advance and prevent any large scale impact on end users. Business Service Management enables both the teams to do just that.

Business Service Management solutions help bridge the gap between the departmental heads and the IT team. When a BSM solution is put to work, the business department can work in coordination with the IT department to ensure that all the services are available and any potential problems may be solved before they start affecting end users. BSM helps in detection of IT issues, tracing their root problem and solving them quickly.

With Business Service Management,

o Issues related to business-critical applications can be dealt with proactively
o Departmental heads can start prioritizing tasks according to their importance
o Information can be presented according to the role of the person concerned
o IT Service Management is easier to put into practice

Businesses hence need to consider Business Service Management as a necessary component in order to know the end to end performance of all their critical applications. However, businesses are sometimes forced to choose between two extreme BSM solutions: one which is inexpensive but lacks functionality, and another, which is expensive and needs a lot of manpower to support it.

An ideal Business Service Management would be one which is integrated, affordable and easy to use. A business should not have to make a compromise in quality due to the cost of the BSM solution. An ideal solution would allow end to end performance monitoring as well as management Service Level Agreement. It would also not require any manpower to manage it.

Until sometime ago, only larger APM vendors used to offer BSM solutions; even then, these solutions were expensive and complicated. But now, with the popularity of Business Service Management, other vendors have started offering affordable and easy to use solutions which can be applied in small businesses as well.

The increased dependency on IT for business critical functions has made Business Service Management as well as IT Service Management a must for any business. Both IT managers and departmental heads can work together to ensure that business services are available to end users without a problem.

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Work for Yourself With a Business Service Franchise

More Americans than ever before are starting up a business of their own, making a real difference to the state of the nation at a local and a national level. However all too often, even with the best intentions and the best work ethic, insurmountable challenges can be faced. One option which offers the freedom of running your own business, with the support of a network, is a business service franchise.

There are a great many reasons as to why this is such a great option for entrepreneurs in the country. As economic strength returns to the US and greater confidence is found by organizations in the country, they will require professional services. Operating in a local area, a franchised company can often provide a more bespoke service and faster turnaround.

One such business sector that is well positioned to help local economies pick up is in digital printing. With local companies starting to require all manner of stationery and other printed materials, entrepreneurs have a great opportunity to stake a claim in the sector.

A successful local print shop can quickly become an integral part of the local business community, but it is essential that the service provided is of a high standard. It is for this reason that setting up a franchised store makes such great sense.

Providing printing as a business service, a franchise has the immediate and constant support of a recognized brand. This allows other companies in the area to immediately trust the product and the experience they receive. With a reputable franchisor, the training should allow for knowledge to be acquired and put into practice quickly and effectively.

Moreover, working with a strong nationally recognized franchisor allows a valuable support network to be drawn upon. This network can extend across the state, the country and even across the globe. It all means that experience can be shared and mistakes collectively learned from and mitigated. Put simply, it makes for a stronger business model than regular start-ups.

This greater strength by working to a proven business model also ensures that getting initial and ongoing finance is easier. Banks and other lenders will always favor those new businesses that they feel have an enhanced chance of success, and a business service franchise offers this. With a high success rate throughout America, securing lending at preferential rates is a very real possibility.

Despite all the benefits though, the success of such a printing business still relies on one thing above all else, and that is the determination of the individual. Great training and advice, the latest equipment and materials and the very best information can only take you so far. Effort and a strong ethic are what actually carry the business from day to day.

If the right attitude is forthcoming, it is possible to provide the very best service whether designing and printing posters and banners, setting out and printing catalogs and brochures or creating business cards. With so many advertising and marketing needs, as well as daily operational materials, a print shop business service franchise really could be a success story for anyone wanting to take control of their own life and career.

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How to Make Overwhelming Amounts of Money by Offering Online Business Services

A lot of people know that there is money to be made online. Most people don’t know, however, that the largest sum of that money can be made by offering online business services. Online business services encompass a wide array of tasks, luckily though, all of them are incredibly easy to learn and perform.

A lot of small and medium sized businesses don’t have an in house online marketing coordinator. Plenty don’t even have an offline marketing coordinator. Both of these fields are very profitable, but we’re going to focus primarily on online marketing in this article.

Online marketing typically can consist of many things, from website design to search engine optimization services. Most small and medium sized businesses looking for such services are either looking to get their business online for added exposure, or drive traffic to their website. While designing professional websites may be a bit more complicated, offering search engine optimization services and internet marketing is not.

As is stated in the title of this article, the amount you can make offering such services is often staggering. Most businesses set aside a generate amount of their budget for online business services and are willing to pay a lot to gain exposure both on and offline. It’s very easy to make a reoccurring $800 a month from just one client. Some businesses will even pay up to a reoccurring $2,500 a month for your services. You can see how this scales up with the more clients that you have.

You can see why and how offering online business services can be possibly the most profitable business you could possibly get into. There’s very little overhead. In fact, clients often pay you in advance due to the handling of PPC campaigns. Getting into offering online business services isn’t hard to do. All that you need to acquire are the skills to perform the services and the will to succeed.

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Small Business Services

Small Business ServicesRunning a small business can be very rewarding. In most cases, the small business owner starts with a dream and turns that dream into a reality with sweat, tears, money and lots of late nights. While making money by doing something that you are passionate about can be a dream come true, most do not dream of doing taxes and managing payroll. As business increases, handling these tasks can become even more overwhelming than the stages of planning to start the business. Outsourcing some of those mundane responsibilities will allow the owner to focus on the main area of expertise, giving attention to customers which will ultimately grow the business. Let’s face it, a plumber is an expert in plumbing. However, a plumber needs to use a computer to keep track of all business dealings. When the computer crashes, should the plumber try to fix it himself? Or let an expert repair it? A community planner running a non-profit would probably want to focus on writing grants instead of dealing with payroll.

There are companies that offer these kinds of services to small businesses. The services can be as simple as an Information Technology (IT) service that will help the business owner with computer and telecommunications issues or as complex as running all aspects of the business including payroll, human resources, benefits, and legal concerns. The purpose of these business services are to allow smaller entities to run as smoothly as Fortune 500 companies without having to spend a fortune. America was built on the premise of entrepreneurship. With an expert handling the hiring and firing, payroll, benefits, tax code, legal issues and things of the nature, smaller businesses are more likely to stay open for business and continue the entrepreneurial spirit of what makes America so awesome.

To determine the scope of the small business services needed, ask a few questions. Is your business stationary or mobile? Is travel out of state or country necessary? Are there multiple employees? Does the business provide healthcare benefits for the employees? Is the mode of communication with customers efficient? Answering these questions and questions like these can help determine the needs of the business.

Whether it is allowing an expert to handle aspects of the business that you are not that great or delegating tedious responsibilities to capable hands that the time can be dedicated to other projects, small business services can be very beneficial. No matter how big or small the task at hand is, delegating those tasks to a reliable and credible entity can only improve how business is done and increase productivity. Increasing productivity means increasing profits.

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