08 Sep, 2017

Retail Franchise Opportunities

Retail market in most of the advanced and advancing countries is at boom in this decade and probably in time to come. There are plenty of local and global retail franchise opportunities available. Internet, on top of it, has worked like fire to spread the word and providing long distance connecting avenues. Indian retail market, for instance, is among top five globally in terms of avenues and scope of business. Vietnam has emerged as top claimer for most favoured emerging market for investments in retail sector. Facts and figures speak loud for each country in terms of retail franchise opportunities worldwide as figured out in latest annual Global Retail Development Index (GRDI) by AT Kearney. Retail business in fact has become an important factor for any country’s GDP (gross domestic product). These retail opportunities have not only emerged at large corporate level, but also at an individual level. There is another reason for retail franchise opportunities to emerge as a winner globally, and that is inability of large retail chains to spread across in a territory on their own by investing huge amounts. So by setting some basic norms and standards, these large retail corporate start inviting individuals committing to adhere to those norms and standards and starting on their own. This in fact created a win-win situation for both – the corporate and the individual. Lot of opportunities lie in Electronics, Giftware, Accessories, Fashion, Furniture, Jewellery, Flowers & Bouquets, Books & Magazines, Amusement Theme Parks, Baby Products; and so on. Probably in today’s scenario, sky is the limit to find and grab any retail franchise opportunities. Based on person interests and capabilities, these opportunities can be segregated to find out the right path to start one’s own franchise in respective field. A large number of IT (information technology), ICT (information and communication technology), education and other corporate groups have already started moving in this direction by producing and awarding franchise opportunities to individuals and small business groups aspiring to grow in a disciplined, secured and structured manner. Obviously the fire has spread across the globe and large business groups are eager to join hands with individuals or small/ medium businesses by way of setting some parameters and awarding them those opportunities. Retail franchise opportunities are in abundance, probably in any field of business, it only now depends on appropriate combination of franchise franchisor and how they develop their relationship further. An association with a good brand with a small amount of investment also is one of the lucrative focus point for opting for retail franchise so as to minimize risk factors in business.