I am planning to start up a training institute. I am confused whether to go with a franchise or to start up my own. Please suggest because my capital is limited, and I am borrowing it from a financial institute.
From India, Bangalore
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From India, Bangalore
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Dear Tabz Alam,
Assalaamu Alaikum,
I suggest that you not borrow money on interest to start up your new venture. It won't give you peace of mind, and it's not advisable. Kindly let me know what kind of training you wish to offer. My expertise lies in soft skills, and I may extend my support in the same domain.
Please share your views, and let's explore whatever is written in our fate by Almighty.
With profound regards,
From India, Chennai
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294Assalaamu Alaikum,
I suggest that you not borrow money on interest to start up your new venture. It won't give you peace of mind, and it's not advisable. Kindly let me know what kind of training you wish to offer. My expertise lies in soft skills, and I may extend my support in the same domain.
Please share your views, and let's explore whatever is written in our fate by Almighty.
With profound regards,
From India, Chennai
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Dear Tabz,
Why do you need money to start a training institute? What kind of setup are you looking at? Is it some sort of coaching institute where you coach people for MBAs, IITs, etc.? If it is not that, then an office is not required. Your own capital in the form of your legs, arms, and most importantly, your head is all that is required.
From India, Delhi
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Why do you need money to start a training institute? What kind of setup are you looking at? Is it some sort of coaching institute where you coach people for MBAs, IITs, etc.? If it is not that, then an office is not required. Your own capital in the form of your legs, arms, and most importantly, your head is all that is required.
From India, Delhi
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Go for a franchise. A training center takes time to establish trust, so going with a well-known name would help you generate revenues faster. Also, since most of the practices will already be well developed at the franchisor's end, you won't have to run costly experiments on your own.
By the way, why do you want to start an entrepreneurship training institute? It would be very difficult to make money offering entrepreneurship training. You could choose some other type of training program.
In short, if you want quick returns on capital, a franchise is the better bet.
From India, Delhi
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By the way, why do you want to start an entrepreneurship training institute? It would be very difficult to make money offering entrepreneurship training. You could choose some other type of training program.
In short, if you want quick returns on capital, a franchise is the better bet.
From India, Delhi
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