TThefranchisebusinessmodelhasbeenapopular methodofbusinessexpansionformanyyears. Franchisesystemsrelyonstandardizedoperations, whichmeansthatfranchiseesarerequiredtofollowasetof predeterminedrulesandguidelines.Thisensures consistencyacrossallfranchiselocationsandhelps maintainqualitystandards.Asaresult,thefranchise businessmodelhasenablednewadvancementsinthe developmentofstandardizedproducts,services,and processes.
Franchisesystemsencourageinnovationatboththe franchisorandfranchiseelevels.Franchisorsareconstantly lookingfornewwaystoimprovetheirsystemsandoffer betterproductsandservices,whilefranchiseeshavethe flexibilitytoadapttheirbusinessestolocalmarketsand customerneeds.Thisencouragesacultureofinnovation andcontinuousimprovement.
Franchisesystemsencouragecollaborationbetween franchisorsandfranchisees,aswellasamongfranchisees themselves.Thisfosterstheexchangeofideasandbest practices,whichcanleadtonewadvancementsinthe industry Additionally,franchisorsoftenhavededicated researchanddevelopmentteamsthatworktoidentifynew trendsandtechnologiesthatcanbenefitthefranchise systemasawhole.
Afranchisemodeloftenprovidesfranchiseeswithaccessto capitalthattheymaynothavebeenabletoobtainontheir own.Thisenablesthemtoinvestintheirbusinessesand takeadvantageofnewadvancementsintechnologyand otherareas.Atthesameinstance,thefranchisebusiness modelhasplayedasignificantroleinenablingnew advancementsinthedynamicbusinessarenabypromoting standardization,innovation,collaboration,andaccessto capital.
Showcasingtheestablishmentsthatarestandingoutasthe perfectoptionsforentrepreneurslookingtostartabusiness, likeanestablishedbrandandprovenbusinessmodel, InsightsSuccessspotlights‘The10MostLucrative FranchisetoOpenin2023.’
Flipthroughthepagesandindulgeintheaspectsthatare redefiningthefundamentalsoftheever-evolvingbusiness arena.Haveadelightfulread!
KandyLukats CEO 3GIG 3-gig.com
NadiaGruzd CEO AllMedSearch allmedsearch.com
Attend2Health attend2health.co.uk
LouiseHampton Owner
RobertBruski CEO CtrlV ctrlv.ca
BrianVieaux President Finlocker finlocker.com
KateBolseth CEO Fortra fortra.com
GoliathTech Corporation goliathtechpiles.com
JulianReusing President&CEO
ShahabanP.K CEO TeaBreakCafé teabreakmenu.com
3GiGisanintegratedtechnologyandservicescompanyforthe O&Gindustry,deliveringaSmartProcessApplicationplatform designedtohelpimprovetheeffectivenessoftheir unstructured,un-automated,human-basedcollaborative businessactivitiesandprocesses.
AllMedSearchfocusesexclusivelyondirecthire,permanent placementandRPO(RecruitmentProcessOutsourcing).
Attend2Healthprovidesthebestpossiblecaretoitspatients throughanevidencebasedpracticewithanemphasisonquality care.
CtrlVistheworld’sfirstvirtualrealityarcade.
FinLockerisasecurefinancialfitnesstoolthataggregatesand analyzesaconsumer’sfinancialdatatoofferpersonalized journeystoachieveloaneligibilityforamortgageandother financialtransactions.
Fortraoffersleadingsolutionslikedatasecurity,infrastructure protection,managedservices,andthreatresearchand intelligence.
Constantlyonthelookoutforthelatesttechnological advancements,GoliathTechneverstopsinnovatingtoensure youhavethebestfoundationsystemtosupportyourprojects.
TeaBreakCaféhasintroducedasolidoperatingsystemand performedextensiveproductdesigntopositionthebrandasthe premierchoiceforhand-craftedburgersandspecializedTeain UAEandtheMiddleEast.
MelanieLauer CEO TriSports trisports.com
TriSportsiscommittedtosupportingyoursuccessbycarrying theproductsyouneedatthebestprices,andconstantly exploringnewideasandgear.
V’sFoodieCornercaterstoitscustomer’srequirements& needsandalwaysenvisionsinnovating&inventingdelicious, appealingrecipeswitharelishingtaste.
VibhanshuMishra Founder V’sFoodieCorner vsfoodiecorner.comGoliathTech outperforms the competition by providing a product that surpasses the highest industry standards and features a galvanized steel finish, double protection, complete anchoring solution, reinforced joints, and adjustable end caps.
Julian Reusing CEO & President
GoliathTech Corpora on
Toprovideareliableandefficientfoundation solutionforbuildings,GoliathTechproducesa helicalpilefoundationsystemforalevelofsupport thatisunmatchedwithinitsniche.
Theorganizationoffersthebestanchoringsystemfor variousprojects,frompatiostohomeconstruction.With quickinstallationandspecializedequipmentthathelps reduceconstructiontimeandcosts,thesehelical(screw) pilefoundationsprovidehighload-bearingcapacitiesto supportmulti-storybuildings.
CEO&PresidentofGoliathTech,JulianReusing, indicatesimplementinginnovationattheheartof everythingthecompanydoes.Hesays, "Not only do we offer you a product designed and perfected over the years by engineers who scrutinize every detail, but we also offer expert advice that sets us apart from our competitors. This way, you can always be sure that every screw pile supports your project in the best possible way."
GoliathTechaimstoprovideitsclientswithaproductthat surpassesthehighestindustrystandards.Havingexcellence, expertise,adesiretoinnovate,andsatisfactionofits customersasitscorevalue,thecompanyiskeenon providingaproductthattrulystandsoutwhilecaringabout thepeopleitserves.
Withmultiplepatents,GoliathTech'smissionhasalways beentoprovidethehighestqualityproductthatmeetsall buildingmaterialstandardsandthestrictestrequirements forscrewpilefoundationsolutions.Thecompanyhasmet certifiedstandardsmakingitsmarkontheconstruction sector.
WecaughtupwithJuliananddiscussedhowthecompany wasformed,itsuniqueness,andfuturedirection.
Below are the highlights of the interview:
Whatwastheinitialideabehindtheinceptionof GoliathTechCorporation?
Constructionprojectsincommercialandresidentialsectors areexperiencingheightenedgrowthwithnosignsof slowing.Superiortechnologiesthatrepresentease, longevity,andsustainabilityhaveanadvantage.Ourscrew pilescombineengineeringandinnovationtoguaranteea solidfoundationforawiderangeofconstructionprojects, frombackyarddeckstoagriculturaltents.
GoliathTechhelical(screw)pilessurpassthehighest industrystandardsandareincreasinglythepreferred anchoringsolutionforbuildersallovertheworld.Thisis partlyduetothelackofheavyequipmentneededto performtheinstallationandtheminimaldamagetothe surroundinglandscapeandstructures.
Since2004,GoliathTechhasbecomethemostimportant manufacturerandinstallerinthehelical(screw)pile industryandatop-rankingfranchisor.Alwaysatthe forefrontofourindustry,weconstantlyinnovatetorealize ourmissionandvisionofofferingthehighestquality productsandservicestocustomersaroundtheglobe.
Whataretheprimaryobjectivesandphilosophyof GoliathTechCorporation?
EversinceGoliathTechwasfoundedin2004andtakenover byme,wehavebeencommittedtoofferingcustomersthe highestqualityproductsandservicesinthehelical(screw) pileindustry Wecontinuouslyimproveourprocesses, products,andservices,makingdecisionsthatarethepillars ofoursuccess.
Westandbyourcompany'sfoundingmissiontoprovide ourcustomerswiththebestproductsandservicesaswe continuetoinnovateourprocesses.
Whatareyourtop-notchofferingsthathaveastrong footholdintheindustry?
GoliathTechisahelicalpilemanufacturer,andwe exclusivelydistributethesehelicalpilestoourinternational franchisechain.GoliathTechmanufacturesagroundbreakingproduct,andseveralpatentsgiveourfranchisees manyadvantageswhensellingtheproducttotheir customers.Ourfranchisemodelissimpleandaccessibleto awidevarietyofcustomerprofiles.Onedoesnot necessarilyneedtocomefromaconstructionbackgroundto ownaGoliathTechfranchise.
GoliathTech Corporation aims to provide its clients with a product that surpasses the highest industry standards.
GoliathTechhelical(screw)pilesofferfranchiseesleadingedgetechnologywithahighlevelofperformance,strength, andeaseofinstallationthatfarexceedsmanyofthe outdatedcement-basedsolutionsprovidedbyothers.
IfyouareafranchiseewithGoliathTech,youcanthenbe surethatyou'reofferingthebesthelical(screw)piles availabletoday,andyourcustomerswillthankyouforit.
WhatmakesGoliathTechCorporationapreferred choiceamongyourclienteleoverothercompetitors?
Withsomanydifferenthelical(screw)pilefoundation options,findingyourwayaroundcanbechallenging. However,GoliathTechoutperformsthecompetitionby providingaproductthatsurpassesthehighestindustry standardsandfeaturesagalvanizedsteelfinish,double protection,completeanchoringsolution,reinforcedjoints, andadjustableendcaps.
Whatroadblocksdoesyourcompanyfaceintheeverchanginglandscapeofthebusinessworld?
AHelical(Screw)pileisnotthemostwell-knownproduct aroundtheworld.Oneofourbusiness'smainchallengesis educatingandinformingpeople(homeowners,contractors, engineers,buildingofficials,etc.)aboutwhattheyareand theiradvantages.
HowisGoliathTechCorporationadaptingtomarket orientation?
Thedemandforanchoringsolutionscontinuestogrow. Customersarelookingforinnovativewaystobuild
structuresthattakelesstime,aredurable,cost-effective, anddon'tmakeasignificantenvironmentalfootprint. GoliathTechiswell-placedtoofferinnovativesolutionsfor arangeofresidentialandcommercialconstructionprojects.
Ifhistoryisanindicationofthefuture,GoliathTechis guaranteedtocontinuetogrow.Weareexpandinginto Europeandconstantlylookingatindustrytrendstokeep innovating.
CherishedEfforts
GoliathTechCorporation'seffortsarethepillarsofyour projects.Belowareafewtestimoniesfromitsclients.
"We were able to really get out in the market and really show people the benefits of helical piles. We're very fortunate here in Vermont, where we have a wide range of soils and a pretty deep frost line. Once we showed people the benefits of using our product over traditional concrete applications, it grew exponentially."
-Maxwell(Vermont,USA)
"When I saw this product come across my desk, I knew it was going to revolutionize the footing industry. I knew that the helical pile product would be excellent for the frostheave situation out there. Concrete isn't the best product, and when I saw this, I thought, this is going to eliminate many problems for homeowners and contractors alike."
-Lisa(MapleGrove,Minnesota)
"When we started, nobody in Utah besides engineers had really heard about helical piles. We were the main ones to start and bring it into the residential application. Within six to eight months, with heavy advertising on social media outlets, lots of lunches and learns, and having James come out and do lunch and learns, that was critical to getting us up and going."
-Darci(Utah,US)
"Prior to signing, I was able to come up to Magog, Quebec, to GoliathTech, and I got to spend some good time with Julian, the owner. Being with him for the amount of time I was with him that day convinced me what a strong company it was."
-Alan(Concord,NorthCarolina)
Franchisingisabusinessmodelthathasbeenaround
fordecades.Itinvolvesafranchisor,orparent company,licensingitsbrandandbusinessmodelto independententrepreneursknownasfranchisees.
Franchiseespayafeefortherighttousethefranchisor's brandnameandsystems,andinreturn,theyreceive training,ongoingsupport,andaccesstoaprovenbusiness model.Thismodelhasbecomeincreasinglypopularin recentyears,withmanyentrepreneurschoosingfranchising asawaytostartorgrowtheirbusinesses.
Franchisinghasbecomeapopularbusinessmodeloverthe years,andforgoodreason.Thisbusinessmodelhas enabledentrepreneurstooperateabusinesswithlessrisk andahigherlikelihoodofsuccess.Inthisarticle,wewill explorehowfranchisinghasevolvedandhowithas becomeapopularbusinessmodel.
Franchisingisabusinessmodelwhereacompany (franchisor)grantstherighttouseitstrademarkand businessmodeltoanindividualorgroupofindividuals (franchisee)forafee.Inexchange,thefranchiseeis allowedtooperateabusinessunderthefranchisor'sbrand name,usingthefranchisor'sestablishedsystem,processes, andsupport.
Thefranchisorprovidesthefranchiseewithaturnkey businessmodel,includingaprovenbusinessconcept, operatingsystems,processes,training,andongoingsupport. Thefranchisee,ontheotherhand,investstheirowncapital
tostartandoperatethebusiness,payingongoingfeesand royaltiestothefranchisorinexchangefortheuseofthe brandandsystem.
Franchisinghasevolvedovertheyears,withitsrootsdating backtothe1850swhenIsaacSinger,theinventorofthe sewingmachine,establishedafranchisesystemforhis machines.However,itwasnotuntilthe1950sthat franchisingbegantogainpopularityasabusinessmodel.
Inthe1950s,RayKroc,amilkshakemixersalesman, acquiredtherightstofranchisetheMcDonald'ssystem.He transformedMcDonald'sintoaglobalfranchise powerhouse,creatingablueprintforothercompaniesto follow.
Sincethen,franchisinghasbecomeapopularbusiness modelacrossvariousindustries,includingfastfood,retail, healthcare,education,andmanymore.
Franchisinghasseveralbenefitsforboththefranchisorand thefranchisee.
Forthefranchisor,franchisingoffersawaytoexpandtheir businessquicklyandatalowercostthanstartingnew company-ownedlocations.Franchiseesinvesttheirown capitaltoopenandoperatetheirfranchise,reducingthe franchisor'sfinancialburden.Additionally,franchisorscan leveragetheirfranchisees'localknowledgeandexpertiseto operateinmarketstheymaynothavebeenabletopenetrate otherwise.
Forthefranchisee,franchisingprovidesaturnkeybusiness modelwithaproventrackrecordofsuccess.Franchisees benefitfromthefranchisor'sexpertiseinestablishingand refiningsystems,processes,andprocedures,reducingthe riskoffailure.Theyalsoreceivetrainingandongoing support,andaccesstoanetworkofotherfranchiseeswho canprovideguidanceandadvice.Franchiseesbenefitfrom anestablishedbrandname,whichcanhelpattract customersandreducetheneedforextensivemarketingand advertising.
Whilefranchisingoffersmanybenefits,itisnotwithoutits challenges.Oneofthemainchallengesismaintaining consistencyacrossallfranchiselocations.Franchisorsmust ensurethateachfranchiseefollowsthesamesystems, processes,andprocedurestomaintainthequalityand consistencyofthebrand.Thisrequiresongoingtrainingand support,aswellasregularmonitoringandevaluation.
Anotherchallengeisthepotentialforconflictbetween franchisorsandfranchisees.Franchiseesmayhavedifferent ideasoropinionsabouthowtooperatethebusiness,which mayconflictwiththefranchisor'sestablishedsystem. Franchisorsmusthaveclearcommunicationchannelsand dispute-resolutionmechanismsinplacetoaddressthese issues.
Franchisingispoisedtocontinueitsgrowthinthecoming years,drivenbyfactorssuchasglobalization,technology, andchangingconsumerpreferences.
Globalizationhascreatedopportunitiesforfranchisorsto expandtheirbusinessintonewmarkets.Franchisingcan offerasenseofcommunityandcamaraderie.Franchisees arepartofalargernetworkofentrepreneurswhoareall workingtowardacommongoal.
Theyhaveaccesstoawealthofknowledgeandexperience fromotherfranchisees,aswellasongoingsupportfromthe franchisor.Thiscanbeparticularlyvaluablefor entrepreneurswhomayfeelisolatedwhenstartingtheir ownbusinesses.
Unliketheslow-cooked,simmeringcauldronof deliciousgravycookedtoperfection,thereisno recipeforasuccessfulcafé/restaurantbusiness. Thereisnohardandfastruletomakearestauranta success,butwithkeenobservation,onecanidentifythe qualitiesofagoodrestaurant.Fromthose,peoplecan deriveanddefinethecriticalelementsofperfectionthat driveasuccessfulcaféorrestaurantbusiness/brand.
There’sasayingthatgoes, “Successful people don’t do different things; they do things differently.”Thesame expressionstandsrightinthecaseofcafesandrestaurants aswell.Thecharacteristicsofagoodrestaurantdonot differfromregularrestaurants;successfulrestaurants recognizethesecharacteristicsandworkaccordingly However,withsheerbrilliance, of ShahabanP.K.,CEO TeaBreakCafé,isredefiningtheseattributes.
Standingoutwithitsdeliciousmenuandrelishingtaste combinedwiththeflavorsofastoundingquality,TeaBreak Caféhasintroducedasolidoperatingsystemand performedextensiveproductdesigntopositionthebrandas thepremierchoiceforhand-craftedburgersandspecialized TeainUAEandtheMiddleEast.
TeaBreakisanoriginalTeaandBurgerconceptbornand growninUAE.Thebrandwasestablishedin2014.Since then,ithastransformeditselfintoaclusterofteaoutlets extendingavarietyoftea,coolers,andmilkshakesthatcan changeyourmoodinseconds.
InanexclusiveinterviewwithInsightsSuccess,Shahaban P.K.sharesvaluablefactsthathighlightthesignificanceof TeaBreakCaféinthemodernbusinessarena.
Below are the excerpts from the interview:
Briefouraudienceaboutyourjourneyasabusiness leaderuntilyourcurrentpositionatTeaBreakCafe. Whatchallengeshaveyouhadtoovercometoreach whereyouaretoday?
TeaBreakCaféhasbeenbuildingasolidplatformforfurther growth,standardizingunitdesigns,refiningsystems,and controls,anddevelopingaproprietaryprocurementchain. AdditionalCentralKitchenproductionandlogisticunitswere addedduring2020toexpandandmaintainproduct consistency
Partofthisefforthasincludedthedevelopmentofsignature trainingsystems,servicestandards,andqualitycontrolsto ensurethegrowthdoesaffectourdistinctivecustomer experience.TeaBreakwillcontinueitsgrowthinUAEand expandwithcompany-ownedandfranchisedstores throughoutthegulfregionandpotentiallybeyond.
Tellussomethingmoreaboutyourcompanyandits missionandvision;howdoesyourcompanythrive towardsenablingadvancementsinthedynamicbusiness arena?
OurVisionseemstoestablishnewyoungpersonalitiesin entrepreneurship.ThroughuniqueBusinessOpportunities, weatTeaBreakCafearededicatedtoprovidingthebest Quality,HygienicFoodExperience.
Wehaveawonderfulplantoreachourend-to-endcustomers throughouruniquechainofTea&Burgersandotherunique fooditems.Wesettohave100+OperationalOutletsbythe endof2027inthePANArabiannetwork.Weseemtohavea
chainwherewecanprovidefooditemsthroughourauthentic ingredientsthateveryonecanproudlyconsumeandenjoy.
Enlightenusonhowyouhavebeenimpactingthesector youarecateringtothroughyourexpertiseinthe market.
TeaBreakisimpactingthesectorbyEnsuringexcellent customerservice,honingourabilitytoorganizeevents, KeepingAttireprofessional,ensuringasanitary environment,offeringcompetitivepricing,andkeeping profitshighwithoutsacrificingservice.
Describeindetailthevaluesandtheworkculturethat drivesyourorganization.
TeaBreakvalueseveryoneandtreatspeoplewithdignity andprofessionalism.Webuildtrustthroughresponsible actionsandhonestrelationships.Weachievemorewhenwe collaborateandallworktogetherforthesamegoal,which drivessuccessforTeaBreak.
Undeniably,technologyisplayingasignificantrolein almosteverysector.Howareyouleveraging technologicaladvancementstomakeyoursolutions resourceful?
TeaBreakisadoptingnewtechnologytoleverageand reduceitsoperationalcostandtoimprovebusiness performancebywellthoughtstrategy,usingtherighttools, andembracingthechange,whichmakestheorganization resourceful.
Tea Breaks envision is to build strong brand recognition among its audience.
What,accordingtoyou,couldbethenextsignificant changeinyoursector?Howisyourcompanypreparing tobeapartofthatchange?
Thenextchangewillincludetheexpansionandupgrading ofthebrandtothenextlevelwiththeabilitytospendmore timewithcustomersandtoacceptmoreworkloadand higherresponsibilities.Ithelpsbysharingthevisionwith employees,communicatingfrequently,andcreating opportunitiesfortwo-wayfeedback.
Wheredoyouenvisionyourselftobeinthelongrun, andwhatareyourfuturegoalsforTeaBreakCafé?
TeaBreaksenvisionistobuildstrongbrandrecognition amongitsaudience.TeaBreakfuturegoalsareto implementnewanduniqueproductsinthemarketwhich canhelpgrowthebusinessandestablishitatnewlocations.
Whatwouldbeyouradvicetobuddingentrepreneurs whoaspiretoventureintothemodernbusinessarena?
WithTeaBreak’ssuccessandexperiencesfromthepast decade.Tobesuccessful,anentrepreneurmustberesilient. Anycommentthatrunsalongthelinesof“that'snot possible”or“thatcan'tbedone”shouldbetreatedasa challengetoprovewrong.Theymustthenbepreparedto persevereandexecutetheiroriginalproposal.
Readandlistentopeoplewithprovenexperienceand whomyoufeelcomfortablewith.Someentrepreneursare allabouttakingbigrisks,butmaybeyou'renot.Makesure yourinformationisfactualandcomesfromcrediblesources aswell,soyourbusinessplanandstrategiesarethought out.
Anentrepreneurialmindsetisawayofthinkingthat
focusesoninnovation,creativity,risk-taking,anda willingnesstochallengethestatusquo.This mindsetiscriticalforentrepreneursandbusinessleaders whowanttobuildsuccessfulcompaniesandcreatenew opportunities.Inthisarticle,wewillexploretheimportance ofanentrepreneurialmindsetandhowitcanbenefit individualsandorganizations.
Entrepreneurialthinkingisessentialfordrivinginnovation. Entrepreneursareknownfortheirabilitytoidentify problemsandcomeupwithinnovativesolutionstosolve them.Theyarenotafraidtotakerisksandtrynewthings. Thismindsetcanhelpindividualsandorganizationstostay aheadofthecurveandcontinuouslyimprovetheirproducts andservices.Withoutanentrepreneurialmindset, businessescanbecomestagnantandfailtoadaptto changingmarketconditions.
Entrepreneurialthinkingalsoencouragescreativity.When individualsareencouragedtothinkoutsidethebox,they cancomeupwithnewandinnovativeideas.Creative thinkingcanleadtobreakthroughsinproductdesign, marketingstrategies,andbusinessprocesses.Byfosteringa cultureofcreativity,organizationscandifferentiate themselvesfromtheircompetitorsandbuildacompetitive advantage.
Entrepreneursareknownfortheirwillingnesstotakerisks. Theyunderstandthatrisk-takingisanessentialpartofthe entrepreneurialjourney Whilecalculatedriskscanleadto greatrewards,theycanalsoresultinfailure.However, failureisnotviewedasanegativeoutcomebutrathera
learningopportunity.Anentrepreneurialmindsetembraces risk-takingandseesfailureasanecessarysteptoward success.
Anentrepreneurialmindsetalsoinvolveschallengingthe statusquo.Entrepreneursarenotafraidtoquestion traditionalwaysofdoingthingsandlookfornewandbetter solutions.Theyarenotcontentwiththewaythingsareand arealwayslookingforwaystoimprove.Bychallengingthe statusquo,individualsandorganizationscancreatenew andinnovativeproductsandservices.
Entrepreneurshipisnotaneasypath.Itrequireshardwork, dedication,andperseverance.Individualswithan entrepreneurialmindsetunderstandthatfailureispartofthe journeyandarewillingtokeepgoingevenwhenthingsget tough.Thisresilienceisessentialforovercoming challengesandachievinglong-termsuccess.
Thebusinesslandscapeisconstantlychanging. Entrepreneurswithanentrepreneurialmindsetareadaptable andcanquicklypivotinresponsetochangingmarket conditions.Theyarenotafraidtochangecoursewhen necessaryandarealwayslookingfornewopportunities. Thisadaptabilityisessentialforbusinessestosurviveand thriveintoday'sfast-pacedenvironment.
Adaptabilityisacriticaltraitforentrepreneurstopossess. Intoday'srapidlychangingbusinessenvironment, entrepreneursneedtobeabletoadjustquicklyand effectivelytonewchallenges,markettrends,andcustomer demands.Fosteringadaptabilitycanhelpentrepreneursto stayaheadofthecurveandsucceedinthelongterm.Inthis article,wewillexploresomeofthewaysinwhichfostering adaptabilityishelpfulforentrepreneurs.
Anentrepreneurialmindsetalsopromotesagrowth mindset.Individualswithagrowthmindsetbelievethat theycandeveloptheirabilitiesthroughhardworkand dedication.Theyunderstandthattheycanimproveand
learnfromtheirmistakes.Thismindsetisessentialfor individualsandorganizationstocontinuetogrowand improve.Anentrepreneurialmindsetisawayofthinking thatemphasizesinnovation,creativity,risk-taking,anda willingnesstochallengethestatusquo.Cultivatingthis mindsetcanhavenumerousbenefitsforindividualsand organizations.Inthisarticle,wewillexploresomeofthe keybenefitsofanentrepreneurialmindset.
Cultivatinganentrepreneurialmindsetcanhavenumerous benefitsforindividualsandorganizations.Itcandrive innovation,encouragecreativity,embracerisk-taking, challengethestatusquo,buildresilience,foster adaptability,andpromoteagrowthmindset.Byadoptingan entrepreneurialmindset,individualsandorganizationscan stayaheadofthecurveandcreatenewopportunitiesfor success.
Fosteringadaptabilitycanalsohelpentrepreneursto identifynewopportunities.Bykeepinganopenmindand beingwillingtoconsidernewideas,entrepreneurscanspot opportunitiesthatothersmayoverlook.Theycanpivot quicklytotakeadvantageofnewopportunitiesand capitalizeonemergingtrends.
Inconclusion,anentrepreneurialmindsetiscriticalfor successintoday'sbusinessenvironment.Itdrives innovation,encouragescreativity,embracesrisk-taking, challengesthestatusquo,buildsresilience,fosters adaptability,andpromotesagrowthmindset.Individuals andorganizationsthatcultivateanentrepreneurialmindset canstayaheadofthecurveandcreatenewopportunities.
ranchisingisaperfectlyviablebusinessventurefor Fanyentrepreneurlookingfornewopportunities.No matterhowoldyouare,whatcareersyou’vehad,or whatkindoftrainingoreducationyouhaveunderyour belt,aslongasyouhavetherightattitude,adesireto succeed,andaneedtodriveyourownprofessionalgrowth, thenafranchisingopportunitycouldbeexactlywhatyou're lookingfortofuelthefutureofyourcareer.
Afranchisesystemusuallybringstothetableanetworkof people,anintensiveknowledgebank,andanestablished supportsystem.Investinginafranchiseautomaticallylets youleveragealltheseresourcesandsavestime,effortand money.
Our Mission at V's is to make good food simple, available & affordable. Our Vision is to become a household name by the year 2025.
Forthetrulyadventurous,allthissamenessmightbe unappealing.Still,thegoodthingaboutfranchisesisthat theyalwaysmakesuretoaddtherightcombinationof familiarityandinnovation.Thesefundamentalsshinethe spotlightonV’sFoodieCorner.Thecompanyistryingits besttocatertoitscustomer’srequirements&needsand alwaysenvisionsinnovating&inventingdelicious, appealingrecipeswitharelishingtaste.
UndertheastoundingleadershipofVibhanshuMishra, Founder,V’sFoodieCorneraimstobecomeahousehold namewherepeopleswearbyitsproducts&food.Also,at thesametime,seeingthepotentialthattheyoung generationholds,theorganizationthrivesongeneratingjob opportunitiesforthem.
InaninterviewwithInsightsSuccess,Vibhanshushares valuablefactsthathighlightthesignificanceofthecompany inthedynamicbusinessarena.
Below are the excerpts from the interview:
Briefouraudienceaboutyourjourneyasabusiness leaderuntilyourcurrentpositionatVscorner.What challengeshaveyouhadtoovercometoreachwhereyou aretoday?
Myjourneyinthisindustryisnothinglessthanajoyride.I hadthemosthumblebeginning&startedwiththe lowermostpositioninthehierarchy,butthatdidn’tstopme fromworkinghardasIhaddecidedtocarveanichefor myselfinthisindustry
MyfirstbreakthroughwaswhenClassicRockCoffee offeredmethepositionofMulti-UnitManager&there's beennolookingbacksincethen.Itwasn'tacakewalk though;Ihadfacedmanystruggles&failuresontheway, butIwasdeterminedanddidnotgiveupduringdifficult times.IwasconfidentenoughaboutwhatIwantedto achieve&Iamhappytosaythatwithgrit&determination, nothingisimpossibletoachieve.
Now,whenIleadV'sfoodies&withafewbrandsunder myumbrella,Itellmystaff&colleagues,thatnevergive upduringdifficulttimes&situations.Becausewhensuch situationscomeup,youneedtolookbehindandremember alltheexperiences&lessonswhichyouhavelearnedsofar, andyouwillgetyouranswers.
DuringCovid,Ibravelydecidedtostartacompanycatering toprovidefusionIndo-Chinesefoodtothepeople.AsI startedmyentrepreneurialjourney,itcamewithgreat lessons&experiences.There'samassivedifference betweenwhenyouarerunningsomeoneelse's business&whenyouarerunningyourown;as it'salmostequaltoraisingyourownbaby
Butnevertheless,Igottolearnalotfrom themistakesthatImade;IguessIcannow assessasituation&takeadecision accordinglyandthat'spurelybecauseI neverstoppedlearningnorbelievingin myself.
Tellussomethingmoreaboutyour companyanditsmissionandvision; howdoesyourcompanythrivetowards enablingadvancementsinthedynamic businessarena?
OurMissionatV'sistomakegoodfood simple,available&affordable.OurVisionisto becomeahouseholdnamebytheyear2025.
Ipersonallybelievethatintoday'sworldwherethere's somuchcompetitionaround,it'stheabilitytoimplement newstrategiesquicklyisveryimportantasinwithchanging trends&customersdemand,westrivetoupgradeourselves withemergingtrendsinourindustry&keepinnovating newrecipeswhichwillkeepourcustomershookedonto us.
Enlightenusonhowyouhavebeenimpactingthesector youarecateringtothroughyourexpertiseinthe market.
Asweallknow,inourIndustrywehavethemaximum competitionaroundus.Withsomanyoptionsavailable around,it'sverydifficulttohaveloyal&faithfulcustomers whokeepreturningbacktoyouforthefoodyouserve.And therefore,IfeelweatV'saretryingourbesttocatertoour customer’srequirements&needsandalwaystryingto innovate&inventrecipesthathelpusinretainingour customers.
WeatV'sareextremelyproudaswithourconstant Innovation&marketdemandwenowhavevariousfood brandsunderourumbrellawhichhelpuscatertoamajor partofsociety
Describeindetailthevaluesandtheworkculturethat drivesyourorganization.
Adiverseandinclusiveworkplaceallowsfordifferentideas andcreativitywhichwillimproveperformance,processes, andproductivityiswhatwebelieveatV'sfoodies.AtV's, weareproudofouremployeesastheyarethedrivingforce &it'sbecauseofthemwhowearetoday
EmployeeWelfare&CustomerCentricityisthetoppriority atV'sfoodies.Aswefirmlybelieveit'sbecauseofthese twofactorsthatwehavebeenabletosustainourselvesin thisindustry
Undeniably,technologyisplayingasignificantrolein almosteverysector.Howareyouleveraging technologicaladvancementstomakeyoursolutions resourceful?
Technologyhasembarkedhumanityonapathof exponentialgrowth,undisputedevolution,andprogress.It continuestoprovidesolutionstorealmsofhumanlifeand enhanceitsquality AndIfeelwearen'ttoofarfromthe day;we'llhaveRobotscookingourfoodinthekitchen. Thisisbecauseoftherealissueweallinthehospitality segmentarefacingstaffshortages.
Itiseasytoreplacepeopleworkinginthefront,butwhenit comestoKitchen,consistencyiswhatwealllookfor.In thatscenarioIfeel,itwillbebetterifweasanindustry couldfindoutsolutionsforthekitchenwithautomation& technologywhichmakesthechancesoferrorsminimal.
What,accordingtoyou,couldbethenextsignificant changeinyoursector?Howisyourcompanypreparing tobeapartofthatchange?
Theexpanseofthefoodandbeveragesmarkethasgrown dramatically,especiallyoverthelastdecade.Thisindustry haswitnessedsubstantialgrowthwithinnovationin processes,products,andservicestokeeppacewiththe rapidlychangingconsumerpreferences.
Inthecomingyears,wegoingtoseeahugeshiftfrom meat-eatingtoplant-eatingoptions,withpeopleoptingfor veganorvegetarianfoods.Also,theshiftwillmovetoEcoConsciouseatinginwhichwegoingtolookforoptionsthat don’tharmmotherearthortheenvironmentinanyway
Peoplehavenowbecomemoreconscious&understanding intermsofthefoodtheyareeating.Peoplearealready lookingforfoodthatisgoodfortheirhealth,theirgut health&theiroverallhealth.Inthecomingyears,wegoing toseeatrendwherepeoplewillmovebacktotraditional eatingwhattheyarecurrentlyeatingthesedays.WeatV's areconstantlyupgradingourselvesaccordingtothe market'srequirementsorbasedonourcustomer’sfeedback, andwearealreadyinnovatingproductsasperour customer'srequirements.
Whatwouldbeyouradvicetobuddingentrepreneurs whoaspiretoventureintothedynamicindustry?
Frommypersonalexperience,Iwouldliketoadviseall buddingentrepreneurstoremainfocusedasit'seasytolose trackonceyoutasteSuccess.Youshouldremainfocused untilyourgoalisn'tachieved.
Neveroptforunethicalwaysinabusinessnomatterhow lucrativeitmightfeelatthatmomentbecausethesuccess youachievebyoptingforsuchwaysisgenerallyshortlived.Value&respectyourfamilyalways,becauseit's easiertobuildabusinesswhenyouhavesupportive& happyfamily.
