Some days back I received an SMS as follows:
Big opportunity in 6900 crore Beauty & Salon business. ABC company (XYZ Group) is looking
for franchisee in Chennai & rest of TN. call: xxxxxxxxxx
That is great. You have found out that Beauty & Salon business is a 6900 crore industry. Where?
Whole of India. But if I want to become a franchisee, I should first find out the right answer for
this one question: WHAT IS THERE IN IT FOR ME?
My daughter visited a franchisee of the above said (I have deliberately not mentioned the name)
near my house. She is pleased with the place. She says it is comparable to such places in the US.
The charges are reasonable (when compared to charges in dollars!!). She spends a thousand and more
and even gladly gives a tip of 10 to 15%.
Probably she has got the habit of getting to know about businesses (in my footsteps?) and the person
in charge opens up with her sad story.
The business is running in loss. Few walk-ins and mostly they come for eye-brow trimming and the like
where the billing is not more than Rs.100. The franchisee is stuck with a point of no-return having invested
couple of lakhs.
I go to my neighbourhood saloon (Not Salon!!). It is a small dilapidated 70 sq.ft. shop with a broken
chair and a dull mirror. I get a nice haircut for Rs.70. This guy must be making around Rs.1,000 per day
as his take-home.
Who is clever?
Big opportunity in 6900 crore Beauty & Salon business. ABC company (XYZ Group) is looking
for franchisee in Chennai & rest of TN. call: xxxxxxxxxx
That is great. You have found out that Beauty & Salon business is a 6900 crore industry. Where?
Whole of India. But if I want to become a franchisee, I should first find out the right answer for
this one question: WHAT IS THERE IN IT FOR ME?
My daughter visited a franchisee of the above said (I have deliberately not mentioned the name)
near my house. She is pleased with the place. She says it is comparable to such places in the US.
The charges are reasonable (when compared to charges in dollars!!). She spends a thousand and more
and even gladly gives a tip of 10 to 15%.
Probably she has got the habit of getting to know about businesses (in my footsteps?) and the person
in charge opens up with her sad story.
The business is running in loss. Few walk-ins and mostly they come for eye-brow trimming and the like
where the billing is not more than Rs.100. The franchisee is stuck with a point of no-return having invested
couple of lakhs.
I go to my neighbourhood saloon (Not Salon!!). It is a small dilapidated 70 sq.ft. shop with a broken
chair and a dull mirror. I get a nice haircut for Rs.70. This guy must be making around Rs.1,000 per day
as his take-home.
Who is clever?
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