choosing a new career path !!!

completely on their own. What counts’ is – the attitude and the commitment.

‘Not all are made for self employment’ – Is that true?

Not really! Every one possesses ability to analyze, lead, build or 100 other qualities

needed to be an entrepreneur. It is just a matter of choice. Some choose to work as an

employee, some like to be an employer and some just an entrepreneur who is

Transition from out-of-a-paid-job to self-employment is a huge career move for anyone in any

part of the world. The most difficult task is to make the decision itself. It is necessary to

streamline various abilities and options, analyze potential before getting into conclusion.

Self employment is an option that has its own pros

and cons. Therefore it is important to carefully

analyze individual potential before making the

choice, not to see if one has the abilities. Having

awareness of self, helps in handling or tackling the

issues as one can be more prepared by training

self in the areas of improvement.

Any book on self employment will state that the

qualities of an entrepreneur encompass Confidence,

Self Starter, Competitive, Creative, Leader,

Determined, Strong People Skills, Work Ethic,

Passion and ability to face Failure. It is however true

that everybody possesses these skills and the skills

are set to take better shape with experience. What

then is most important? ‘The willingness’.

Every individual thinks of starting something on their

own at one point of time or the other!!

There are options such as starting with a completely own business or taking up a franchise, starting a small sized business or a medium size and so on. Self employment has many advantages as it provides many options wherein each individual could realize his or her potential and make a choice based on their strengths and weaknesses. If a person is passionate about a certain business and has the knowledge, network and finance required; to pursue business in same line would be the most apt decision. For an individual who wants to be in a considerably protected zone, with least risk possible and proven business formulae to run the show, a franchise would be correct option. Franchise business options are available in all sizes from one man to over 100 employees; all industries and professions.

Franchising is most sought after self employment of the current era for many reasons.

Reasons such as :

Tried and tested formula & proven success

Reduced risk

Established brand name

The economic niche

Initial training and set up

Shared marketing

Continuous support

Controlled territory rights and competition

Financing

Accessible information on business.

It is however important to make the right choices before zeroing down to a franchise.

Considering features of business such as :

The relationship between franchisor and franchisee

Extent of authority

Finance, legal and rights aspects of the business

is also very essential. IIHT Technologies, India is for example, a franchisorcompany which offers a business proposition to train the youth in latesttechnologies. The fast growing technologies do not let a business such as atraining institute in technologies ever to go out of business!! IIHT TechnologiesFranchises are well in demand almost in all countries as the structured learningoffered by it in an enabled education eco system has resulted in exponentialgrowth of the company. It allows any new franchisee to fully understand theterms and carefully analyze the potential before entering into the franchiseagreement. The franchise opportunity is available in various sizes such as a fewshort term courses to master’s graduation and customizes its product as per therequirement in the region of delivery.

Salient features such as these, make franchise business more preferred as theself-employed/ franchisee also enjoys faster and greater return on investment.

Transition from ‘employed to self employment’ thus encompasses determination, commitment, research, analyzing potentials, exploring opportunities, choosing the best alternatives and initiating the process.

Corporate Headquarters

#15,Sri Lakshmi Complex, 4th Floor, St. Marks Road, Bangalore - 560 001. India

Tel: 91 80 6160 4545 e-mail: franchise@iihttechnologies.com web: www.iihttechnologies.com/