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VOL 02 | Issue 08 Rahul Bhalchandra Founder YLG (You Look Great!) Salon
A Rising Star in the Franchise World Why You Should Consider It in 2024
Vaijayanti Bhalchandra Founder YLG (You Look Great!) Salon
Editor’s Note EXPLORING THE MOST POPULAR FRANCHISES BUZZ
ranchising has long been a pathway to entrepreneurship, offering individuals the opportunity to own and operate their own business under the umbrella of an established brand. As we venture into 2024, the landscape of franchising continues to evolve, with certain franchises capturing the spotlight and garnering attention from aspiring business owners and consumers alike.
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In addition to consumer-facing trends, technological advancements are reshaping the franchise industry, influencing everything from operations and marketing to customer engagement and supply chain management. Franchises that leverage technology to streamline processes, personalize experiences, and enhance efficiency are positioning themselves for long-term success in a digital-first world.
These popular franchises have achieved success through a combination of factors, including brand recognition, proven business models, and innovative strategies. Their ability to adapt to changing consumer preferences, embrace technology, and provide exceptional customer experiences has solidified their positions as industry leaders.
Overall, Insights Success India’s ‘The Most Popular Franchises to Follow in 2024,’ embody the spirit of innovation, adaptability, and customer-centricity. By staying attuned to market trends, embracing emerging technologies, and prioritizing customer satisfaction, these franchises are setting the standard for excellence in franchising and inspiring aspiring entrepreneurs to join their ranks. As we look ahead, the journey of franchising promises to be dynamic, exciting, and full of opportunities for growth and success.
From fast-food giants and coffee chains to fitness centers and cleaning services, the diversity of popular franchises reflects the breadth of opportunities available in the franchising world. Each franchise offers unique value propositions and appeals to different demographics, catering to a wide range of interests and preferences. Convenience remains a key driver of consumer behaviour, leading to the rise of franchises offering on-demand services, mobile apps, and delivery options. Whether it's beauty and personal care, education, human resource, or laundry services, franchises that prioritize convenience and accessibility are capturing consumer attention and loyalty.
Have a delightful read ahead!
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Cover Story A Rising Star in the Franchise World Why You Should Consider It in 2024
C S S T T N N E E T T N N O O C
26
Bellacures The Most Luxurious, Relaxing and Healthiest Pedicure Experience Ever
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G-TEC EDUCATION Guiding Minds on the Path of Educational Enhancement of Self and Society
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Articles
22
Cri cal Analysis Challenges and Opportuni es for the Modern Franchises Niche
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Expanding Horizons The Evolu on of the Famous Franchise Business Model
Talent Corner HR Services India’s Fastest Growing HRO & WFH Franchise Business Opportunity
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VOL 02 | Issue 08 Rahul Bhalchandra Founder YLG (You Look Great!) Salon
A Rising Star in the Franchise World Why You Should Consider It in 2024
Editor-in-Chief Pooja M. Bansal Managing Editor Gaurav PR Wankhade Assisting Editor Prajakta Zurale
Vaijayanti Bhalchandra Founder YLG (You Look Great!) Salon
[email protected]
FEBRUARY, 2024
Visualizer Sandeep Tikode Art and Design Head Rashmi Singh Sr. Graphic Designer Sameen Arif
Corporate Offices: Insights Success Media and Technology Pvt. Ltd. Survey No.133/134, Brand Square, Office No. 512, Kunjir Chowk, Pimple Saudagar, Pune, Maharashtra 411027 Phone - India: +91 7410079881/ 82/ 83/ 84/ 85 Email:
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Vice President Swapnali Vasaikar Asst. Vice President Tejaswini Whaval Assistant Manager Nitin Patil Team Leader Sapna Walunjkar BDE Vaibhav Shisode Technical Head Prachi Mokashi Technical Specialist Rajeshwari Avhad
Digital Marketing Manager Renuka Kulkarni SME-SMO Executive Nikita Khadalkar Circulation Manager Tanaji Fartade
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We are also available on Copyright © 2024 Insights Success Media and Technology Pvt. Ltd., All rights reserved. The content and images used in this magazine should not be reproduced or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior permission from Insights Success Media and Technology Pvt. Ltd. Reprint rights remain solely with Insights Success. Printed and Published by Insights Success Media and Technology Pvt. Ltd. RNI NUMBER: MAHENG/2018/75953
Organization
Featuring
Brief
Bellacures
Gerard Quiroga, Owner
Bellacures is one of the most stylish, super hygienic and frequently acclaimed nail salons in Los Angeles.
G-TEC EDUCATION PVT LTD
Mehroof I Manalody, Chairman and Managing Director
G-TEC EDUCATION is an ISO certified organization in the noble field of education in various segments.
Talent Corner HR Services
Mr Rashesh Doshi, Managing Director
Talent Corner is a leading recruitment agency and placement consultants in India.
Tumbledry
Gaurav Nigam, Director and Co-founder
Tumbledry is India's largest laundry, dry clean and shoe cleaning chain with 604+ stores in 198+ cities.
YLG Salon
Vaijayanti Bhalchandra and Rahul Bhalchandra, Founders
“You Look Great!” Your official beauty destination YLG, offers innovative beauty services that you need for a complete couture look.
A Rising Star
in the Franchise World Why You Should Consider It in 2024
Vaijayanti Bhalchandra Founder YLG (You Look Great!) Salon
Cover Story
Rahul Bhalchandra Founder YLG (You Look Great!) Salon
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Value Retail in India is poised to grow to USD 170 Billion with a 50% higher CAGR over the next 5 years than other retail categories as per a study (Jan 24) by Wazir Advisors. If you're considering investing in this high potential profitable and growth market, then YLG (You Look Great!) Salon deserves a closer look. With over 50 + company owned successful salons and a rapidly growing franchisee partner network across India, YLG is rapidly pivoting to become the leader in building a profitable franchise network with enormous growth potential. What Makes YLG Salon Special? *Established Brand with a Proven Track Record: Founded in 2008, YLG has carved a niche in the midpremium salon segment. The team’s commitment to client satisfaction, quality services, and a trendy ambience has resulted in a loyal customer base and consistent growth. *Differentiated Service Portfolio: From premium hairstyling and treatments, makeup, skincare, signature waxing services, facials and Hair spa treatments, YLG caters to a wide range of customer needs and preferences. The team of experts stays updated with the latest trends, constantly offering innovative services like Terra Botoplexx, YLG Brightening wax services, nail extensions and a wide range of Hair care services. We are committed to our brand speak tagline of -Fashion with Care! *Focus on Technology and Innovation: YLG leverages technology to enhance the customer experience. Online booking, digital consultation options, and loyalty programs provide convenience and personalize the service. Franchisee partners get trained in using the state of the art mobile app for complete handling of business from just a phone/tablet, making it very easy to manage entire customer journey, CRM, control product usage and cut costs. The brand continuously invests in training and upskilling
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he beauty industry is on a long term high growth path, with the demand for branded high-quality salon franchises growing across Metros, Tier 1 and Tier 2 towns. The Indian beauty industry is expected to reach a staggering $20 billion by 2025, making it a lucrative market for investors. The current penetration of salon services in India is still very low and the growing aspirations of the younger population translates into a huge opportunity for those who can tap into it. YLG's proven success and established brand image make it wellpositioned to capitalize on this growth.
YLG Salon aims to create its latest collaborative stores and plans to set up 100 new salons with company-owned/ franchisee partners in the next three years.
The Most Popular Franchises to Follow in 2024
their stylists and therapists at the state of the art YLG Institut to ensure they are at the forefront of the industry.
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With over 55 successful salons across India and counting, YLG Salon is rapidly positioning itself as a franchise leader with signi icant growth potential.
*Franchise-Friendly Model & Strong Brand Recognition: YLG offers a comprehensive franchise support system, including operational guidance, marketing assistance, location recommendations and salon Design, and training programs. One point of supply for all salon requirements, recruitment and training of franchisee partner technical and managerial staff makes life easy for the new franchisee to this great industry. Its experienced team helps franchisees navigate the intricacies of running a successful salon. Finally, the franchise model offers best of class terms in favouring the franchise partner. Together with it’s exclusive products and expertise, this translates to better profit margins for franchisees. YLG has established itself as an aspirational young mid-premium brand, attracting a loyal clientele and commanding premium pricing. The dynamic duo Vaijayanti & Rahul Bhalchandra have been honoured with the title of THE BEST DEBUTANT FRANCHISE SALON of THE YEAR at the “Rising Bharat - Real Heroes” awards in Delhi in Jan 2024. The awards were given out by actor and BJP MO Hema Malini and BJP exnational vice president Shyam Jaju. *Expertise and Education First Commitment: YLG Institut, one of India’s finest beauty training schools of YLG was established in 2008, is accredited by global certification bodies CIBTAC, CIDESCO and is a L’Oréal partner academy. YLG is acknowledged for Path-breaking work in Training and has trained over 7,000 professionals in the industry. This expertise forms the backbone of the consistently high YLG quality service. YLG's Inception Saga YLG Salon, a Bengaluru-based brand, had its humble beginnings under the vision of engineers turned entrepreneurs Vaijayanti and Rahul Bhalchandra. What started as a dream soon became a reality as the couple embarked on a journey to revolutionize the salon industry. With a focus on quality service and customer satisfaction, YLG quickly gained traction in the competitive market. Today, YLG boasts a strong presence in three cities, operating over 55 company-owned outlets. Through dedication and unwavering commitment, the brand has garnered a loyal customer base of over 600,000 customers, cementing its status as Bengaluru's favourite salon chain. The success of YLG can be attributed to its innovative approach, personalized services, and relentless pursuit of excellence.
In 2023, YLG embarked on a new chapter of growth by venturing into the franchise partnership model. This strategic move allowed the brand to expand into new markets, like Gurugram, Hyderabad and Bijapur. By embracing the franchise model, YLG not only accelerated its expansion but also empowered aspiring entrepreneurs to join the journey of redefining beauty and wellness. The expansion into new markets marked a significant milestone for YLG, signalling its commitment to catering to diverse consumer needs and preferences across different regions. With each new outlet, the brand continues to uphold its core values of professionalism, consistency of service and customer-centricity, ensuring that every individual experience at YLG is nothing short of exceptional. The Rising of a Personal Beauty Care Star Vaijayanti Bhalchandra, a distinguished alumna of VNIT Nagpur with a BTech degree and an MTech (Hons) from IIT Mumbai, has been a trailblazer in the Beauty and salon industry since 2008. With a visionary mindset and a relentless pursuit of excellence, she has spearheaded numerous groundbreaking initiatives that have reshaped the industry landscape. Throughout her career, Vaijayanti has introduced several pioneering concepts that have revolutionized India's beauty and salon experience. From transforming the waxing experience with the introduction of roll-on cartridge wax to collaborating with international hair artists to create the iconic 'Indian Browns' looks, she has continuously raised the bar for innovation and creativity in the industry. In addition to her focus on innovation, Vaijayanti has been a staunch advocate for hygiene and education within the industry. By championing the adoption of single-use kits over bulk packing and establishing the YLG Institute, she has prioritized hygiene standards and providing highquality training to aspiring hairstylists and beauticians, empowering over 7000 individuals to pursue their passion free of charge. Vaijayanti's unwavering commitment to industry advancement has earned her widespread recognition and accolades. She has been honoured with numerous awards, including the Entrepreneur of the Year at the MSME India Business Awards by the National Small Industries Corporation (NSIC) and the prestigious Mahatma Gandhi Samman at
the Global Achievers Conclave at Westminster Palace, UK Parliament, London in 2018, among others.
The Most Trustworthy Leadership Rahul Bhalchandra, a distinguished undergrad alumnus of IIT Kharagpur with a PGDM from IIM Calcutta, has played a pivotal role alongside his co-founder Vaijayanti in ushering in a new era of innovation and trustworthiness in the salon industry. Together, they have introduced several groundbreaking initiatives that have set industry standards and earned the trust and admiration of customers and investors alike. Rahul and Vaijayanti introduced India's first app-enabled organized home services through YLG at Home in 2017. This innovative service offering not only enhanced convenience for customers but also showcased their forward-thinking approach to meeting evolving consumer needs in an increasingly digital age. The impact of Rahul and Vaijayanti's leadership extends beyond business success to industry recognition and accolades. YLG Salon has been consistently recognized for its commitment to customer obsession, winning prestigious awards such as the CII Customer Obsession Award and Best Regional Salon Chain (South) at the Indian Salon & Wellness Awards for five consecutive years. Furthermore, YLG Salon's excellence in retail operations has been acknowledged with awards such as the Best Retail Chain at the South India Retail Summit and Best Retail Chain South at the L’Oréal Indian Hairdressing Awards. These accolades serve as a testament to Rahul and Vaijayanti's unwavering dedication to delivering exceptional service and building a brand that customers can trust and rely on. In a competitive industry where trust and credibility are paramount, Rahul Bhalchandra's visionary leadership and strategic acumen have positioned YLG Salon as a beacon of reliability and excellence. His relentless pursuit of innovation and commitment to customer satisfaction drives the
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Driven by her passion for innovation, education, and excellence, Vaijayanti Bhalchandra continues to inspire and lead the way forward for India's beauty and salon industry. Her remarkable contributions and visionary leadership serve as a beacon of inspiration for aspiring entrepreneurs and industry professionals alike, paving the path for a brighter and more vibrant future.
We stand by our vision of bringing worldclass services and products to the Indian customer at reasonable prices.
brand's success and solidifies its reputation as one of the most trustworthy names in the salon industry. The Pioneers in Personal Beauty Care Brand Building
One of YLG's key differentiators lies in its array of unique services tailored to meet the diverse needs and preferences of Indian consumers. From specialized treatments such as Bright wax and Anti-aging wax to innovative solutions like European Light Therapy for hair and skin, YLG has continually introduced groundbreaking offerings that resonate with the evolving demands of its customers. Moreover, the brand's Look collections, curated to reflect Indian consumer trends and requirements, further reinforce its commitment to delivering personalized and relevant beauty solutions. In addition to its service offerings, YLG boasts an exclusive range of professional personal care and beauty products available for purchase in-salon. These include the Terra Ayurvedic skincare products, renowned for their efficacy and natural ingredients, and the Terra Professional hair Botoplexx Treatment, formulated with plant-based ingredients and free from harmful chemicals like formaldehyde. Furthermore, YLG's diverse range of nail paints and Nail Care products cater to the holistic beauty needs of its clientele, ensuring a comprehensive and enriching salon experience. Beyond its product and service portfolio, YLG has also been a trailblazer in championing visionary initiatives aimed at sustainability and environmental conservation. The 'Save Water Shampoo' introduction exemplifies the brand's commitment to responsible business practices and underscores its role as a socially conscious leader in the industry. Additionally, YLG's annual unveiling of new looks reflects its dedication to staying ahead of trends and offering fresh and innovative styling options to its discerning clientele.
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The pioneering efforts of YLG in personal beauty care brand building have revolutionized the industry landscape, setting new standards of excellence and innovation. Since its inception, the brand has remained steadfast in its commitment to delivering world-class products and services at reasonable prices, attracting and retaining a loyal customer base. This founding core value has been instrumental in shaping YLG's unique positioning and offerings in the market, distinguishing it as a brand offering competitive pricing without compromising quality or hygiene standards.
We stand by our vision of bringing worldclass services and products to the Indian customer at reasonable prices.
Reasons to Consider YLG Franchise in 2024 “We stand by our vision of bringing world-class services and products to the Indian customer at reasonable prices. We ensure that each customer gets a personalized treatment by providing them with consultation from YLG experts and using the latest technology,” asserts Mrs Bhalchandra. *Growing Demand: The demand for premium salon services is rising, offering a stable and profitable business opportunity. *Experienced Leadership: YLG's founders, Mrs and Mr Bhalchandra, have extensive experience in the industry, providing valuable guidance and support to franchisees. *Scalable Model: The franchise model is designed for scalability, allowing you to expand your business as you succeed. Technology Integration: YLG's embrace of technology streamlines operations and provides a competitive edge. Strong Marketing Support: YLG invests in marketing and branding initiatives, benefiting your franchise as well. Lucrative Returns: Franchises report promising financial results, making YLG a potentially rewarding investment. Join the Future of Your Dreams While YLG presents a compelling opportunity, it also helps you in thorough research, which is crucial. Before deciding, they guide you in considering factors like your initial investment, target market, competition, and personal skills. Overall, YLG Salon is a promising franchise option in the beauty industry. With its established brand, diverse
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Among its signature offerings, YLG's Light Therapy Hair Spa stands out as a testament to the brand's dedication to leveraging cutting-edge technology to enhance the effectiveness of its treatments. By harnessing the power of light therapy, YLG delivers superior results, promoting healthier scalp and hair for its customers. These visionary initiatives, coupled with YLG's unwavering focus on quality, innovation, and customer satisfaction, position the brand as a trailblazer in the realm of personal beauty care brand building, setting a new standard of excellence for the industry as a whole.
Through dedication and unwavering commitment, the brand has garnered a loyal customer base of over 100,000 individuals, cementing its status as Bengaluru's favourite salon chain.
offerings, technology integration, and franchise-friendly model, YLG offers investors a chance to tap into a growing market and achieve significant success. As YLG continues to grow and evolve, it remains dedicated to its founding principles of innovation, quality, and customer satisfaction. With a strong foundation and a clear vision for the future, YLG is poised to reshape the beauty and wellness landscape, one salon visit at a time. YLG Salon aims to create its latest collaborative stores and plans to set up 100 new salons with company-owned/franchisee partners in the next three years. For franchise enquiries, you can contact
[email protected] or 9972843388/9945417827.
Critical Analysis
22 | February, 2024
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he modern business landscape is witnessing rapid growth in franchising as an effective business model that offers entrepreneurs a ready-made framework for success. Franchises provide a unique combination of brand recognition, established systems and ongoing support from the franchisor. However, the modern franchise industry faces its fair share of challenges and opportunities, like any business niche. In this article, we will explore some of the key challenges franchises face in the current market and the exciting opportunities that lie ahead. Understanding these factors is crucial for aspiring franchisees and franchisors as they navigate the ever-changing dynamics of the modern business world.
~Challenges for Modern Franchises~ Market Saturation: One of the significant challenges for franchises is the potential market saturation. With increasing franchises entering various industries, competition is fierce, and it can be challenging to stand out from the crowd. Franchises must differentiate through innovation, unique offerings and exceptional customer experiences to capture and retain a loyal customer base. Technology Integration: In today's digital age, franchises must adapt and integrate technology into their operations. This includes utilizing online platforms for marketing, implementing efficient digital systems for inventory management and embracing emerging technologies like artificial intelligence and automation. Keeping up with
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technological advancements can be daunting for franchises, but it also presents an opportunity to streamline processes, enhance customer experiences, and gain a competitive edge. Changing Consumer Preferences: Consumer preferences constantly evolve, and franchises must stay attuned to these changes. Today's consumers seek personalized experiences, healthier options, sustainable practices and convenience. Franchises that can adapt to these shifting demands and cater to the preferences of the modern consumer will have a distinct advantage in the market. Operational Efficiency: Maintaining consistent operational efficiency across multiple franchise locations can be challenging. Franchises must ensure their systems and processes are scalable, standardized and easily replicable to maintain quality control and customer satisfaction. Franchisee Selection and Training: Finding the right franchisees who align with the brand's values and vision can be challenging. Franchisors must develop a robust selection process and provide comprehensive training programs to ensure franchisees are equipped with the necessary skills and knowledge to run their businesses effectively. Legal and Regulatory Compliance: Franchises operate within a complex legal and regulatory framework. Franchisors must navigate various laws, regulations and licensing requirements specific to each region or country they operate in. Ensuring compliance can be challenging, requiring ongoing monitoring and support for franchisees. *Opportunities for Modern Franchises* International Expansion: With globalization and the ease of international trade, franchises have a tremendous opportunity for expansion beyond domestic borders. Emerging markets present untapped growth potential, and franchises that can adapt their models to suit different cultural contexts and consumer preferences can capitalize on this opportunity for global expansion. Niche Markets: As consumer preferences diversify, there is a growing demand for niche products and specialized services. Franchises that cater to specific market segments, such as organic food, fitness studios, eco-friendly products, or educational services, can carve out a niche for themselves and attract a loyal customer base. Identifying and capitalizing on these niche markets can make franchises successful. 24 | February, 2024
Collaborative Partnerships: Collaboration between franchises and other businesses can open up new avenues for growth. Strategic partnerships enable franchises to expand their product offerings, tap into new markets, and benefit from shared resources and expertise. For example, a food franchise could collaborate with a beverage company to offer exclusive beverage options or partner with a delivery service to enhance customer convenience. Digital Marketing and E-commerce: The rise of digital marketing and e-commerce presents vast opportunities for franchises to reach a broader audience and expand their customer base. Leveraging social media platforms, online advertising, and e-commerce capabilities can help franchises increase visibility, drive sales and engage with customers in new and innovative ways. Franchisee Collaboration and Knowledge Sharing: Franchises can foster a sense of collaboration and knowledge sharing among franchisees. Establishing platforms and networks where franchisees can exchange ideas, best practices and innovations can lead to collective growth, shared learning, and the development of a stronger franchise community. Sustainability and Social Responsibility: Consumers are increasingly conscious of sustainability and social responsibility. Franchises that prioritize environmentally friendly practices, ethical sourcing, community engagement, and social impact initiatives can attract and retain customers who align with these values. Incorporating sustainability into the business model can lead to cost savings and operational efficiencies. The modern franchise niche presents both challenges and opportunities for entrepreneurs and franchisors. While market saturation, technology integration, changing consumer preferences, Operational Efficiency, Franchisee Selection and Training, and Legal and Regulatory Compliance pose significant challenges, franchises can leverage international expansion, niche markets, collaborative partnerships, Digital Marketing and E-commerce, Franchisee Collaboration and Knowledge Sharing and Sustainability and Social Responsibility to drive growth and success. Modern franchises can navigate these challenges and seize opportunities by staying agile, innovative, and customer-centric. Embracing these factors will be essential for franchises to thrive in today's and tomorrow's dynamic and competitive business landscape.
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The Most Luxurious, Relaxing and Healthiest Pedicure Experience Ever
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We pride ourselves on cleanliness, quality of service and providing a truly relaxing experience for our customers.
26 | February, 2024
The Most Popular Franchises to Follow in 2024
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nly personal grooming solution providers like Bellacures – a salon for hands and feet – believe in total quality control by always maintaining the five Cs - Cleanliness, Comfort, Care, Consistency, and Communication. Currently positioned as one of the Prominent Franchisees in the industry, Bellacures’ Owner, Gerard Quiroga says they pride themselves on delivering you with the highest cleanliness benchmarks, thus eliminating all the worries from your mind and risks from your personalized care. Gerard adds, “As our motto says, ‘Bellacures is where beauty is restored, leaving you refreshed, pampered, and polished, we exactly offer what we promise.” In an interview with Insights Success, he spoke to elaborate on the efforts, love, commitment, and devotion they put into caring for their clients. Please brief our audience about Bellacures, its USPs, and how you are currently positioned as one of the Prominent Franchisees in the industry. Bellacures was born out of the idea that nail salons should be inviting, rejuvenating, relaxing, comfortable, and above all, with cleanliness standards beyond customer requirements. As a leader in the personal care industry, Bellacures currently has seven locations across Southern California and one in Dallas, raising the bar for industry standards on what you should expect when you walk into a nail salon. Tell us more about your product range and services and what aspects make it stand out in the increasing competition. We pride ourselves on cleanliness, quality of service, and providing a truly relaxing experience
for our customers. Bellacures was designed to be a calming environment with greenery draping the walls and our signature custom-designed sofa chairs. By eliminating spa chairs, we have created a salon that provides a healthier pedicure experience for the client while reducing the construction investment for a franchise owner. Bellacures provides everything to cater to our clientele to provide a luxurious, relaxing experience. We formulated a line of products, including nourishing creams and invigorating scrubs, all individually packed, facilitate clients with the highest cleanliness standards, do not share products from client to client and more. Every time a client walks in, the nail experts sterilize all metal tools in a hospital-grade sterilization machine called an autoclave, and a new sterilized pouch is opened. Our menu of services offers spa-quality treatments and curated services such as Deep Hydration, Lymphatic-Cure, Clean and AllNatural and more, as well as regular polish, power polish, gel, chrome powder, and nail enhancements such as Gel Builder and Gel-X. Tell us about the immersive benefits your franchise business offers to the modern business segment. We offer our customers different immersive and beneficial experiences through our innovative services. We introduced the very first CBD pedicure, the Canna-a-cure, which we still have on the menu today and is still widely popular. Our Lymphatic-cure uses the benefits of lymphatic drainage, which includes dry brushing, a paddle, an ice roller, and more to flush toxins, improve circulation and reduce swelling while providing a relaxing experience. The Spiritual Reawakening Pedicure offers customers the ultimate level of relaxation and self-pampering with aromatherapies, crystals and intention-setting.
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Please brief us about your journey in the business world and how you have made your venture excel in the franchise segment. I started as a franchisee myself before I took over the operations of Bellacures. I was drawn to the quality, reputation and high standards of the Bellacures franchise and became the owner of four locations. I studied International Business Management and applied my background and experience with Bellacures to become a franchise owner. Being an experienced leader, share your opinion on how adopting modern technologies like AI and ML impacts today’s franchise business sector and how your organisation is adapting to the change. With the advancement of modern technology in the service sector, we strive to keep Bellacures ahead of the curve and are adapting AI practices at all of our locations. This has helped our clients book appointments at our salons seamlessly from the comfort of their phones. Not only has this helped alleviate work for our employees, but it has also allowed clients to interact with us in a way they could not previously. Adapting AI technology into our business practices has helped to increase our margins while simultaneously minimizing our salon's workload.
Considering the current franchise business scenario, what challenges do you face, and how do you drive your services to overcome them? We are always looking to give our customers unique and beneficial experiences. Over the years, we have launched numerous innovative services positioning ourselves as thought leaders in the nail salon industry. New services are also a fun experience for our loyal customers and help attract new customers. In support of our franchisees, we offer them full management support to get them up and running successfully. We provide a comprehensive startup plan and assist the franchisee with data to identify the best location in their target area. Once identified, we provide a list of licenses, permits, tools, and systems needed. This includes local marketing activities, a build-out plan for the location, vendors and supplies, inventory management, booking software, menu of services and marketing materials, customer acquisition, hiring and training staff, retaining staff, ongoing maintenance, and growth for key performance metrics.
28 | February, 2024
What would you advise budding professionals aspiring to venture into the franchise business sector? One must know the business operations that involve managing a single salon and its demands to be able to support a franchisee properly. Start by owning one of your stores and be involved in all it takes to do so. That way, you can anticipate and understand the problems your franchisees might encounter. Also, an important aspect of being a franchisee is that your personality aligns with the industry. We always look for self-starters, those with experience in management, but most importantly, they are willing and want to be independent.
Our Clients Praise for Bellacures: Ÿ “The front desk always has a smile on their face & the technicians are all professional. It’s also very safe, as cleaning is always continued throughout the process and gives us peace of mind. Thank you.” - Carlos N. Ÿ “Excellent service. Professional staff. Very clean. Polish is top quality.” - Carrie B. Ÿ “All tools are individually opened for clients, and services are very well done (tech notions take their time, nothing rushed, knowledgeable and great explanations if you have questions). Front desk staff are very professional, kind, accommodating, and knowledgeable - my new go-to spot.” - Naomi B.
Sincerely It’s hard for me to understand why more people don’t take the opportunity to bet on themselves and become their own boss. There are resources available to them, and we hold their hand through the whole process. This industry requires a strong time commitment for the first six months, but once you set up your salon, it's basic supervision if you hire good people. How do you envision scaling your franchise services and new business offerings in the future? We want everyone to have access to the Bellacures experience, and we have made plans to continue expanding throughout Southern California and enter Florida as well to tap into additional markets. We will continue to constantly push ourselves to be the premier nail salon and provide our clients with the best manicure and pedicure services.
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The Most Popular Franchises to Follow in 2024
Guiding Minds on the Path of Educational Enhancement of Self and Society
30 | February, 2024
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hanks to the global pandemic, education has broken out of the confinements of physical classrooms and is now reaching the remotest corners of the globe via the powerful medium of online or digital technology. The Shakespearean idiom of ‘All the world’s a stage; Life is a drama; We’re actors; God is the director,’ must have a modern educated compatriot like: ‘All the universe’s a university; Life is an educational course; We’re learners; Mind is the teacher.’ Along similar lines, Rabindranath Tagore said, “The highest education is that which does not merely give us information but makes our life in harmony with all existence.” G-TEC EDUCATION PVT LTDs (a part of G-TEC GROUP OF INSTITUTIONS) Chairman and Managing Director Mehroof I Manalody has always been an ardent believer in the concept of… ‘Education for All’ “Education is the only path for self-fulfilment and selfrealization. It is the only path to freedom and equality. We envision a world with peace and prosperity through educated minds with a passion for the enhancement of self and society,” he says, adding that ‘Education is one basic need of any society and providing quality training at most affordable fee along with international certification and placement support is always a Niche.’ In this regard, G-TEC is an ISO 9001: 2015 certified education network formed in 2001 with its corporate office in Singapore, Regional Office in Dubai and Administrative office in India. With over 700+ quality learning centres in 19 countries, including Africa, G-TEC has trained over 2.1 million alums and has an on-board student count of 1,00,000+. With over 18+ international certifications of all major IT Giants, including Microsoft, Adobe, SAP, ACCA, Autodesk, EC Council, CompTIA, IAB, IIBI, University of Dubai, Mississippi State University etc., G-TEC paved the way to popularize quality learning and content among common people. G-TEC has programs to fit anyone’s training needs right from Early Childhood brain skill development for Three Years upto SAP Consultant training for Senior-most professionals and corporates in all major domains like IT, Multimedia, Accounting, IT Infrastructure, Life Skills, IAS/Civil Service Training, Entrance Coaching through both offline and online modes.
G-TEC also moved public under NSE recently under the brand G-TEC JainX Education Ltd, which makes it India’s No.1 IT Training Franchisee G-TEC’s biggest strength is the diversity of products and the wide spectrum of audiences it caters to. There are 5 SBUs or revenue streams for every G-TEC Centre, which are G-TEC Computer Education has over 400+ courses in IT, including Software, Multimedia, Hardware and Networking, IT Security, Data Analysis, Accounting, and Robotics. From the foundation courses of duration of five days to the Master diploma courses with two years, G-TEC is enabling all strata of the audience to meet industry skill requirements most economically. G-TEC College of Advanced Studies is the next division of G-TEC which helps students earn an academic qualification and a vocational skill. B. Com + Diploma in Indian and Foreign Accounting is one such package that helps a student earn a degree and a job-oriented Diploma qualification. Apart from this, we also help students earn Online UG and PG courses at credible Universities in India. G-TEC Gensmart Academy is the junior division of G-TEC which addresses the students of age group 3-17 and non-IT vocational courses for job seekers. School programs include a vast collection of courses, including Gamified cognitive enhancement program to Robotics to Abacus and Vedic Maths. Technology tools such as simulation-based science learning softwares and self-learning robotic packages exist. G-TEC Global Campus is the overseas education consultancy division of G-TEC, which caters to 800 Universities in 35 countries for 50,000+ courses. G-TEC Centre of Excellence is the premium division of GTEC which works on the bottom-up model with employers designing the courses based on their requirements and assuring placements at the end of the course. Transforming Lives Sharing the major immersive benefits offered by G-TECH franchise business to the modern business segment, Mehroof says that in any business, what an entrepreneur seeks is whether the product or service is futuristic and then www.insightssuccess.in
Reflecting on his journey, Mehroof says it all started in the 1990s when he identified the need for a quality education brand in the IT segment after his Graduation from Chennai. In his research, Mehroof found that IT training was restricted to an elite class, only those who could afford big, even for a small IT Skill certification. The thought of bringing IT education to the common people was the key to G-TEC’s growth through the years. In 2001 he understood the power of the Franchise model, where he duplicated the same positive, profitable system and created entrepreneurs while providing quality education worldwide. “I started with 14 franchisees on Day One, and now we are one BIG GLOBAL FAMILY with 700+ centres in 19 countries and Growing,” he informs. Embracing Real-time Tech Transition Being an experienced leader, sharing his opinion on how the adoption of modern technologies like AI and ML is impacting today’s franchise business sector and how GTEC is adapting to the change, Mehroof says that technology always fascinates him. He adds, “Since we are a technology training franchise organization, we understand how crucial it is for society to pace up to it, which determines the progress of any nation. It was one reason why we set up our corporate office in Singapore, which would help us sense the transition in real-time.”
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if it is scalable and, most importantly, a recurring revenue stream. G-TEC qualifies all these core critical criteria of a growing business. “Above all, at the end of the day, we are transforming lives around us for good,” he claims.
Success of any business depends on how beautifully you solve your customer’s problem and how much they are willing to pay to solve it.
He elaborates that they have a great team in R&D who speaks with the industry and SMEs regularly to ensure that they deliver employable skills and bridge the gap in skilling from time to time. They have practised this even internally while they designed and developed their own ERP decades ago. To cater to the call for High technology skills, their campus in Dubai at Al-Qusais hosts two One Year Diploma courses – Data Science and AI and International Finance Management with internship and placement assistance. “We are at par with the technology wave to the maximum extent where any academy could catch up as on date, and we believe it is a pursuit, not a destination,” he insists. A 3-Tier Quality Assurance System to Tackle Challenges Speaking about challenges faced by educational franchisee businesses, Mehroof shares that in education franchises, the biggest challenge would be the quality drain and teachers' updation, which ultimately affect their students’ placements.
To address this, they implement a 3-Tier quality assurance system in their centres. Starting with their internal office, they have kept a policy of Yearly Re-writing of curriculum based on their market study every January. Then they train their trainers to update and release the supporting documents, including trainers' guides, training presentations, books, assignments, and assessments. Trained trainers are then taken through an assessment called GCT (G-TEC Certified Trainers), which gives the trainers confidence to deliver the updated content to students. He adds, “The last level is at the students’ end where they are mandated to give us feedback thrice during the tenure with us to get them eligibility for exams.” G-TEC Wisdom In his advice to budding professionals aspiring to venture into the franchise business sector, Mehroof says that the success of any business depends on how beautifully you solve your customer’s problem and how much they are willing to pay to solve it. The franchise is a great system that helps entrepreneurs save time, effort and money with the franchisor’s effort and brand. It is equally important to create enough entry barriers and maintain uniqueness in the market to lead it. Present Generation’s Tech of the Future Past On envisioning scaling G-TEC franchise services and new business offerings in the future, Mehroof divulges that they are moving towards the future. Future technologies, future possibilities and future-proof certifications. “That has been our present always.” As always, new courses, certifications and job opportunities are all in progress.
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G-TEC is creating entrepreneurs and relationships. Being in G-TEC Family, they enjoy delivering premium certifications, quality content, marketing support, branding support, trainers training, quality assurance, placement support and all those components which make meaning to be called a training centre. Building and managing a training organization by oneself is too risky and, at times, tolled on students’ satisfaction and their future. Mehroof adds that they’ve already shifted their strategic team to expand in their new online education domain, which is predicted to touch $1.96 Billion in the coming year. Keeping their network live, they’re parallelly bringing up blended learning and pure online learning to reach new market segments that are currently limited by proximity, financials and social distancing, which can be the new normal. He concludes, “This also helps us leverage our services with the best trainers globally to deliver the best content at a very affordable cost. Again a G-TEC touch J.” JG-TEC’s Hall of Fame G-TEC has won numerous awards for its services in skilling and youth empowerment. Listing the three-four most important ones: Ÿ Best International Centre award from the House of Commons (UK) through IAB (International Association of Book Keepers) consecutively for the last seven years. Ÿ Franchise India Award, India. Ÿ IT Entrepreneurship Award, Govt. of India. Ÿ Best Businessman Award by Promoters Association, Dubai. Ÿ Times of India & Economic Times - BRAND ICON.
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Expanding Horizons 34 | February, 2024
The Evolution of the Famous
Franchise Business Model T
he franchise business model has revolutionized how companies grow, operate and connect with consumers. Over the years, this innovative approach to business has experienced a remarkable evolution, adapting to changing market dynamics and consumer preferences. From its humble beginnings to its current global phenomenon, the famous franchise business model has undergone significant transformations. Let us explore the evolution of the franchise business model, tracing its origins, highlighting key milestones, and discussing the factors that have shaped its growth and success. Origins and Early Development The roots of the franchise business model can be traced back to the mid19th century when pioneers like Isaac Singer (Singer Sewing Machines) and Martha Matilda Harper (Harper Method beauty salons) recognized the potential of expanding their businesses through partnerships with independent operators. These early examples laid the foundation for what would become the franchise model. The Rise of Fast-food Franchises The true breakthrough for the franchise business model came in the 20th century, with the emergence of fast-food chains. Industry giants like McDonald's, KFC and Subway pioneered a standardized system of operations, brand consistency and rapid expansion through franchising. These franchises capitalized on the growing demand for convenient, affordable, consistent dining experiences, introducing concepts like the drive-through and value meals. This era marked a significant turning point in the franchising landscape, setting the stage for the widespread adoption of the franchise model across various industries. Diversification and Expansion into New Industries Following the success of fast-food franchises, the franchise business model expanded into diverse industries such as retail, hospitality, education, healthcare, and more. Companies like Hilton, Marriott and www.insightssuccess.in
InterContinental Hotels Group transformed the hotel industry by offering franchise opportunities to aspiring hoteliers. Retail giants such as McDonald's and Subway also extended their brands into convenience stores and gas stations. This diversification showcased the flexibility and adaptability of the franchise model, enabling businesses to leverage their brand equity and proven systems in new markets. Adapting to Changing Consumer Preferences As consumer preferences evolved, so did the franchise business model. Franchises started focusing on customization, healthier options, sustainable practices, and digital experiences to meet the modern consumer's demands. Fastcasual restaurants like Chipotle and Shake Shack gained popularity by offering fresh, customizable menus, while fitness franchises like Orangetheory Fitness and SoulCycle tapped into the wellness trend. Franchises also embraced technology, incorporating online ordering, mobile apps, and delivery services to enhance convenience and cater to the digital-savvy consumer.
franchising, there has been a significant shift towards service-based franchises in recent years. Franchises offering home care, cleaning, tutoring, fitness, and beauty services have gained popularity as they tap into the growing demand for personalized services and experiences. Branding and Marketing Strategies Franchises understood the importance of strong branding and marketing to attract customers. They invested in advertising campaigns, brand development and marketing strategies to create widespread brand recognition and loyalty. Franchises also utilized co-op advertising, where franchisees contributed to regional or national advertising campaigns, further enhancing brand visibility. Financial Models Franchising introduced innovative financial models that made business ownership more accessible to aspiring entrepreneurs. Franchisees could leverage a franchisor's established brand and proven business systems by paying an upfront franchise fee and ongoing royalty fees. This arrangement provided a mutually beneficial partnership where both parties were vested in the business's success. The Future of Franchising
International Expansion and Globalization With globalization and improved connectivity, franchises expanded their operations beyond domestic markets. Companies like Starbucks, Subway and Domino's Pizza successfully established a global presence by adapting their products, services and marketing strategies to suit local cultures and preferences. This expansion fuelled their growth and facilitated the exchange of ideas, knowledge and best practices between franchisees and franchisors worldwide.
Looking ahead, the franchise business model is poised to continue evolving in response to emerging trends and technologies. Franchises will likely embrace virtual reality, artificial intelligence and automation innovations to further enhance customer experiences and operational efficiency. Moreover, sustainability and social responsibility are expected to play an increasingly important role, with franchises incorporating eco-friendly practices, ethical sourcing and community engagement into their business models.
Emphasis on Training and Support Franchisors recognized the importance of comprehensive training and ongoing support for franchisees. They developed robust training programs to ensure consistency in operations, quality control and customer experience across all franchise locations. Continuous marketing, operations and management support became crucial for franchisees to succeed. Shift towards Service-based Franchises While fast-food chains dominated the early stages of 36 | February, 2024
The evolution of the famous franchise business model has been a remarkable journey driven by the need for expansion, consumer demands and technological advancements. From its early origins to its global prominence, franchising has proven to be a powerful and adaptable model for business growth. As we progress, franchises will continue to adapt, innovate, and capitalize on emerging opportunities to stay relevant in an ever-changing market. The future of franchising is bright, promising exciting developments and continued success for both franchisees and franchisors. www.insightssuccess.in
Financial paperwork strategy
Mr Rashesh Doshi Managing Director
Talent Corner HR Services
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s aspiring professionals are always searching for their dream jobs or entrepreneurial career, companies, businesses and corporates are constantly looking for these skilled professionals. Beginning from the two extremes of demand and supply equilibrium, they find their perfect match only if spotted by an innovative modern-age recruitment agency with its dedicated digital services connecting them at Talent Corner HR Services.
Incorporated in 2002, Talent Corner is a professional Human Resource Organization providing innovative Recruitment Services to The Corporate World. Moreover, today, it is also India’s fastest-growing Work from Home Franchise Business Opportunity in the Recruitment Industry since 2011. Mr Rashesh Doshi, the Managing Director, shares, “With over a decade of experience, we have expanded our reach and currently boast a network of 85+ Franchise Partners located across India.” Currently, Talent Corner is servicing over 3300+ clients on a PAN India level in diverse industries; with 80+ franchise partners in India, the brand has successfully placed over 25,000+ people in the Indian workforce.
Management Team with gusto. He is the driving force behind the successful Recruitment Brand. He has Been Instrumental in leading the Growth of This Award Winning Recruitment Firm. Talent Corner started its journey in 2002 with a team of three people and now has grown to 250+ Team Members. But it was never a smooth sail from the beginning. Mr Rashesh also recollects the ups and downs the brand has seen in the business, “Every Entrepreneur will go through lows, and these lows happen on an everyday basis. There are also times when you feel scared, but the one thing that I have learnt is to use the power of vulnerability. If you are feeling in some way, share it with your team. You will be surprised how the team can support you.” Regarding the USPs of Talent Corner’s Business model, Mr Rashesh mentions, “Our Franchise Model and our team are the real USPs of the Company.” He further adds, “In the last several years, we have seen our clients have been retained, and they are giving us more business. Our franchisees are constantly doing better year on year, and the brand's image has certainly improved.” The Offerings by Talent Corner * Executive Recruitment
Feathers in The Cap Accomplishing great results is what drives an organization to success. Talent Corner, since its establishment, has been achieving remarkable results. Therefore, it has bagged many accolades and achieved great milestones. The two awards that it holds very dear are: Ÿ Ÿ Ÿ Ÿ Ÿ Ÿ
Under 40 Promising Entrepreneurs -2023 presented by Nation Wide Awards – Business Mint. FRANCHISE STARTUP OF THE YEAR – 2022 by Franchise India 2022. Top 100 Franchise Brand Year 2022 by Franchise India. 10 Most Promising Consultants to watch out for in 2022 By Global Hues. Featured in ET Panache in Enterprising India on 15th August 2022. Today Talent Corner is India's highest-ranked company on Google!
“We have built our philosophies on three fundamental Values – Trust, Transparency and Relationships and follow them to achieve comprehensive growth in the organization,” explains Mr Rashesh, who is leading the
If the top management is the company's brain, Junior and mid-level positions are its heart. Talent Corner provides first-class executive-level candidates to renowned and progressive organizations.
Talent Corner is servicing over 3300+ clients on a PAN India level in diverse industries, with 80+ franchise partners in India, the brand has successfully placed over 25,000+ people in the Indian workforce.
www.insightssuccess.in
In a world where job seekers approach candidates via social media, Talent Corner creates value by: Trusting on its database rather than depending on the Job Portals. Ÿ Ability to reach quickly professional and social online networks. Ÿ Thorough screening of each candidate via its Quality Call Pitch before showcasing to the clients. Ÿ Training each recruiter in Head Hunting. Ÿ
* Campus Recruitment Talent Corner provides top-notch campus recruitment services. Under campus recruitment, the team visits different colleges, institutions and universities and recruits young talent as per the requirement of Small and Medium Enterprises (SMEs). The team conducts the initial round of screening before presenting the shortlisted candidates to the clients for final selection. * CXO Search Talent Corner provides specialized recruitment solutions to hire talent at Senior Levels. With several years of rich industry experience, the team at Talent Corner conducts industry mapping and reaches out to the right pool of talent. “We provide value in three Ways – Real Understanding of whom we should recruit in the team, A Quick Turn Around Time and Right Employer Branding for them,” says Mr Rashesh. Sharing the immersive benefits offered by your Franchise business to the modern business segment, Mr Rashesh says at Talent Corner HR Services, they believe in empowering individuals to achieve their entrepreneurial dreams while maintaining a healthy work-life balance. Their franchise model offers a hassle-free Plug-N-Play system that empowers individuals to start their own businesses from the comfort of their homes. They provide comprehensive support to their franchisees, beginning with a Seven-day training program to equip them with the necessary skills and knowledge. Additionally, their dedicated Team Leaders are readily available to offer ongoing assistance and guidance, ensuring their franchise partners receive fantastic support throughout their entrepreneurial journey.
being the elimination of business development requirements. The franchise network has already established a strong brand presence and a proven business model. This strategic foundation enables its franchisees to focus their full attention on serving their clients and delivering exceptional HR services. As a result, individuals from diverse backgrounds and experience levels can confidently step into this business opportunity, knowing they have the support and resources needed to thrive. In his advice to budding professionals aspiring to venture into the franchise business sector, Mr Rashesh welcomes them open-heartedly, “We are interested in partnering with franchisees. We engage with like-minded people interested in building and maintaining long-term relationships.” On envisioning scaling Talent Corner HR Services’ new business offerings in the future, Mr Rashesh divulges, “We formed our vision in 2011 when we started with our Franchise Model. We aim to have 100 Franchise Partners Across India.”
Redefining the Future of HR Franchise Joining the Talent Corner franchise network offers a multitude of advantages, with one of the most significant 40 | February, 2024
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