So, What Are The Basics Of franchising, Anyway?

The concept of being your own boss has multiple advantages, the main being that you are not answerable to anyone. Franchising creates opportunities for individuals in charting out a new course in her/his life. To put it simply, you can say that the franchise opportunity Singapore combines the simple tenets of sole proprietorship with a joint venture schematic. The overheads of owning a franchise are not as high end as starting out a new business. Distribution of services or goods from the franchisor to the franchisee has solid potential. One is that the brand owner (franchisor) lends the trade name to the franchisee. The latter pays a royalty to the franchisor with a legal contract in place to conduct business under the name of the established brand.

It is not everyone’s idea of getting a business up and running. The franchisee has to follow the rules of the brand owner. Team effort is synonymous to getting the business on the right track and can be viewed as a partnership of sorts. This method of spreading the brand across continents has proved to be a worthwhile business opportunity. Wealthy patrons pay a large royalty in developing a base across countries and continents. Multi brand franchising has been on the rise globally by using the right tools in market penetration. A sustainable and workable business model, developed by both partners (franchisee and franchisor), rakes in large revenues. When you co-brand with multiple franchises there is no requirement to scout around for real estate.

A prospective franchisee has to be certain that the details are on point. Without legal counsel, the franchisee can fall flat and therefore essential to get all this ironed out before signing on. A franchise opportunity Singapore franchiseone.asia provides a platform for budding entrepreneurs in working on the new franchise business model. The return on investment with a franchise opportunity is multifold because the potential is huge. Despite paying an upfront franchise fee, if all the legalities are in order, the franchisee can rake in huge profits from the time the business is up and running. From a legal perspective, a franchisee does not own the business that s/he runs. The license provided, by the franchisor, runs through the agreeable timeframe. In summary, the basics of franchising entail that a brand that has immense marketability can be positioned strategically without large overheads for the franchisee.

Consider The Most Popular Local F&b Franchise Singapore Has To Offer

All over the world new foods are being introduced as restaurant owners choose to expand their restaurants. There are many difficulties that go into expanding a restaurant, however the benefits far outweigh most concerns and once dealt with accordingly there are big rewards. From southern food from the USA to shima from Africa, the finest F&B franchise Singapore has to offer is bound to do well.

Franchise For Business

A franchise is a way in which a restaurant owner chooses to take his brand out of his own kitchen and share it with many more owners who share in the same passion for food. Making this happen is sometimes not easy but in sharing the love for the food, many more will get to experience and enjoy what the owner wishes to give. This sort of company is great way to expand, with plenty of traveling involved, there is a lot of work that goes into it, but for the owner it can be fun.

One of the biggest obstacles that any restaurant owner must overcome before opening their restaurant, is choosing the meals they are going to serve and then getting the ingredients needed for each recipe. When belonging to a chain, fortunately the meals have been chosen, however getting each recipe exact could be hard as all the exact ingredient are needed. This, can be hard to overcome but once solved, there is plenty of money to be made.

There are different benefits to such a business. These include marketing, access to new or tried and tested recipes, as well as restaurant planning done as each restaurant must look the same, the owner will ensure that the correct items are dispersed to each restaurant. Everything is given by the owner to the new franchises.

There are a few things that can taint a company for a long time. This includes, that should one restaurant have a bad review it will reflect on the others. Another could be that the kits that each restaurant uses need to be made available for the setting up of each establishment.

There is little to no competition between the same franchises. The normal competition of making money stands but ends here as well. When working together, it’s the owner’s job to oversee the restaurant and ensure smooth running.

These sorts of restaurants are the best. Walking into establishments that offers familiarity, offers comfort as well. Food and beverage franchise in Singapore if done correctly will work well.

ITIL Certification: On The Path To Becoming A Master

Getting an ITIL certification might be just what your career needs to see advancement and growth in the growing IT services sector. Regardless of whether or not you come with a business or IT background, the certification enables you to understand the intricacies of IT Services management and allows you to optimize service production with the overall goals, and growth, of the organization.

So how exactly doe the ITIL certification work?

ITIL certification Singapore is held up as a benchmark for professionals who are truly knowledgeable about IT services management. That said, the certificate follows the same modules and guidelines across the world, and is easy to get through once you understand how it all works.

The Basics:

The ITIL certification is now based on a credit system, and a professional can attain different levels depending on the credits amassed. The four different levels are as follows: Foundation, Intermediate, Expert, and Master.

Foundation:

The foundation level certification is necessary for participants to eventually attain expert or master level certification. Classes are available for those who wish to pass the foundation level certification examination, where candidates will learn more about service management as practise, service lifecycle, key principals and models, generic ITIL concepts, selected processes, selected ITIL roles, selected ITIL functions, and a comprehensive understanding of technology and architecture. Completing the foundation certification gives a candidate 2 credits to use towards attaining the expert level certificate.

Intermediate:

The Intermediate level certification is split into multiple modules that offer either three or four credits each. The modules are divided into two categories-Service Capability or Service Lifecycle, and candidates can complete either one or a mix of both to gain enough credits to apply towards the expert level certification. Unlike the foundation certificate, training is required for all these modules and can be found at accredited training organizations like ITBM Singapore.

The service lifecycle category offers the following modules-service strategy, service design, service transition, service operation, and continual service improvement. The service capability category offers these modules instead-operational support and analysis; planning, protection and optimization; release, control, and validation; and service offerings and agreements.

Depending on the weightage, each module offers three or four credits to count towards the expert level certificate

Expert:

To attain the expert level certification, candidates need to have completed 22 credits through the ITIL credit system. The foundation and intermediate modules should yield 17 credits, and then the candidate must take the MALC module-Managing Across the Lifecycle-to get five more credits to complete the Expert level certification.

Master:

The ITIL Master certification is awarded to those professionals who have achieved the Expert level certification and can demonstrate application of acquired knowledge in their work. Successful candidates typically have over 5 years of experience in leadership, managerial, or other management and advisory levels.

Ready to get started? Check out ITBM at www.itbmcomat.com.sg to sign up for the Foundation and Intermediate Courses.

Why Do Customers Prefer E-Menus Nowadays?

When customers visit their favorite restaurant nowadays they expect only the best service from the restaurant staff and amazing food at the same time. After all, there must be a few reasons why a customer would go back to the same restaurant again and again apart from just good food at reasonable prices. It’s the customer services at the front end and at the back end of an organization that helps build a strong customer base and help retain customers. These front-end services rendered to customers are also known as point of sale services or customer facing services.

POS services are those services that are rendered to customers at the end of the service chain or at the time of rendering the final services to customers. In the food and beverage line, point of sale services deals with serving customers at hotels, restaurants, cafes and any other form of food and beverage outlet as these are the final or end points where customers are finally rendered the services.

To increase the standard of POS services in the F&B line, a lot of food outlets including fast food joints are implementing the use of e-menus. An e-menu is an electronic menu that is exactly similar to a physical menu printed on any form of paper or material but in the electronic form. E-menus are offered to customers on smartphones, tablets, and similar electronic devices. Usually the food outlet ties up with a software company like Konverge to provide them with the electronics and POS software that they need to render POS services to their customers.

Why do customers prefer e-menus nowadays?

* Customers these days would rather visit a restaurant or cafĂ© that has an e-menu as opposed to sitting and waiting for their order to be taken and here’s why –

* e-menus minimize waiting time for customers. They don’t have to wait for a waiter or host to get free and come to their table and take their order especially if they’re in a hurry.

* e-menus are completely error free, unlike manual labor who are prone to making mistakes and messing up orders.

* The visuals provided in e-menus increase the number of dishes being ordered and hence increase sales of the restaurant.

* e-menus accept all forms of payment including all debit/credit cards and cash payments.

* e-menus send the orders to the kitchen as soon as they are placed hence increasing the rate of table turnover and avoiding waiting or lost customers. Ensures speedy and efficient services.