Business Setup and Franchise Management in UAE
Mr. Hussain Jethajiwala, Franchise Operations Manager, Alam Al Laban Café Group, UAE started the discussion on “Business Setup and Franchise Management in UAE” with his statement that, the UAE market is evergreen and full of business opportunities, it’s a Gold mine. He suggested exploring the Right Opportunity at the right time with the right people. Now you have to decide what the Best Business Activity is for you, do your homework (plan the investment, expenses, and overheads).
According to Mr. Hussain SUCCESS is the way you handle it, some people become successful very fast but they don’t know how to handle it, you cannot afford to become complacent. On your way to success ensure that the people walking around you also become successful then your journey is completely accomplished, he added.
To start a Franchise you need to have a PROTOTYPE. Plan your 1st Outlet and nurture it like a Baby, let it grow, with a prototype you can comprehensively show your concept to the entire concept to the world. Share the facts and figures of your outlet with the franchisees, select your franchisee wisely, everyone who makes an inquiry is not eligible to become a franchisee.
About UAE market, Mr. Hussain said the Competition is high. Therefore keep your customers happy, Customer’s expectations are very important. In UAE the Overhead costs are high, Operational costs are high and Rentals are high too. He offered following services to his clients in UAE market:
• Concept Planning
• Licensing & Set up
• Location Selection/allocation
• Recruitment , Staffing, Visa Procedures & Training
• General , Operations , Office, Procurement & Supply Chain Management
• Franchise Development, Management & Expansion
During question-answer session, he added that, UAE is a cosmopolitan society. Business opportunities are abundant. One have to start his venture at a suitable location, normal license cost could be UAED 15000 – 25000. Average cost of an office space could be UAED 1500 – 2500 per month. Starting an outlet could require UAED 2,50,000 – 5,00,000 as initial cost. He inspired Bangladeshi entrepreneurs to initiate their businesses in UAE and explore the opportunities offering by UAE market.
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