!!!!!!!Wish you and your Family a very Happy New Year!!!!!!!
Its 2010 and i hope it turns out to be a Marvelous year for you and you grow exponentially every day:-). Its been long time since i scribbled on the blog, thanks to the tight work schedule. Its a holiday today and am lazing out at home with friends. We had a mind blowing party on 31st night, Thanks to Karan, Aniket, Vishal, Sid, Rohit and Divya. You people must be wondering how is all the above text related to the Blog Title. Thought i will wish you all happy new year first:-)
Well, few days back i was reading some news on various business models when this brain wave struck me. But this is strictly for People who have lots of money and are ready to take Infinite risk with the money. The idea is like you start a company and your business is to buy franchises of various Business (across industries). I will elaborate, After a thorough market research you identify a Tier 2 city, and you buy a franchisee of food outlet (E.g. McDonalds, Pizza Hut, Dominoes etc), Next you plan to setup a bookshop (E.g. Crossword). Next you get into Investment , you may open a Reliance money outlet, After that you do some more market research and realize there is a need for a gym here and u open another franchisee and so on for different sectors.
This was a sample example. In order to build a successful model, you will have to research thoroughly on the need of the place, spending power of people, Competition in the market, Investment to Return ratio, openness of people to new idea, Operational and Capital expenditure, Administration and Logistics issues, Connectivity (Travel and Information) and many more micro and macro economic factors. There may be a case where after a solid research you realize its only feasible to open an insurance franchisee in a particular place (And then you realize the investment you have put in research is quite high which in turn will reduce your ROI). You will face lot of challenges while implementing such a model, but i strongly feel you can earn significant profit if this model is implemented after comprehensive research.
People like me who don't have so much capital to implement this kind of model, this model is our inspiration and motivation to work really hard and gather the capital required to be able to implement such a model. All the best to everyone.
I am looking forward to your valuable comments on this model.