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Franchise India’s Small Business Congress 2010 Review
| Guest post by: Dhawal Shah |
Article Overview: Event Review of Franchise India's Small Business Congress
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Free Download - GordonMax, Creators of the World's Finest Diamond Simulants, expand their India Operations in 2011 By Dhawal Shah |
Franchise India’s Small Business Congress 2010 Review
We recently attended Franchise India’s Small Business Congress 2010. The event was well attended by over 100 Entrepreneurs. The event was organised by Franchise India Holding Ltd. in participation and support of Zee Business, in association with Microsoft and IndiaMart.com, we were associated with the Small Business Congress as a Supporting Organisation. The event was held at Novotel, previously a Holiday Inn Franchise at Juhu, Mumbai.
The Opening Address was made by Sachin Marya, the CEO of Franchise India Group. The Welcome Note was delivered by Rod Young, the Executive Director of DC Strategy. DC Strategy is a renowned Australian company involved in consulting, research and legal work for building networks and brands of many franchise brands.
Rod spoke about the potential of franchising and retailing in India, especially considering that there are over 14 Million Retailers in India and over 25 Million Small and Medium Enterprises in India.
Rod was later followed by Mr. Dinesh Rai, the Secretary of Ministry of Micro and Small Enterprises, he mentioned that after the phenomenal success of the Govt. sponsored schemes to assist and grow SMEs in India, several neighbouring countries have been proposing research for the SMEs in India. He emphasized that SMEs are the backbone of Germany and China. SMEs in India, contribute 40% of India’s exports. Microlending is only 45% of all commercial disbursements of banks, amounting to Rs. 275,000 Crore and is likely to increase to 60%.
At the inaugural Session, Dinesh Aggarwal, the Founder and CEO of IndiaMart.com said that the mindset needs to change and we need to consider that Small Businesses are more so, rightfully Emerging Businesses. This session was moderated by Venus Barak, the VP of FranCorp India.
Rod further added that India is an exciting market and has strong global perception. It is also the World’s Most Attractive Market. Dr. HP Kumar further added that the Government Schemes have also helped SMEs compete in the larger market, for example, the Consortia Tendering Program, helps smaller companies get larger contracts, helps them finance the business as well as provide scale to it.
The next session covered integral aspects for structuring a business plan, a must for entrepreneurs and start-ups. Vivek Joshi, Kotak Private Equity, Rajiv Uppal, Ernst and Young and Rajan Chhibba of Intrim Business Associates shares their insights.
The next session was about Angel Funding and Traditional Finance, the session was led and moderated by Anjana Vivek, Venture Bean Consulting. The Co-panelists at the session were TR Bajalia, IDBI Bank, Anand Lunia, Seed Fund India and Padmaaja Ruparel, Indian Angel Network.
The Post Lunch Session was activated and enlivened by the wit and humour of Jagdeep Kapoor, the renowned marketing consultant. He shared his various witty quotes, some of them, Dont come on the rasta by selling sasta, Dont sell the right product to the wrong audience, so on and so forth.
Another interesting session was the Women-On-Top Session, where the renowned fashion designer, Neeta Lulla, Megha Poddar, Siyarams and Ms. Anjana Vivek, Venture Bean Consulting.
Neeta Lulla attributed her success to Commitment, Dedication and Perseverence. Megha Poddar mentioned her challenges of Getting Taken Seriously, as well as dealing with Internal
The last session for the day was Idea’s Masterclass, the session was effectively moderated by Manak Singh, the Executive Director of TIE Mumbai Chapter. Arun Khetan, New Age Knowledge Systems, Suresh Bharwani, Jetking, Pradeep Hirani, Kimaya, Dinesh Agarwal, IndiaMart.in shared their thoughts on what does it take to come up with ideas, validate them and execute them flawlessly.
The event ended with Small Business Awards, later during the evening. This event had a high concentration of Franchise speakers, considering that the event was organised by Franchise India. The event focussed primarily on franchising, starting-up and then entrepreneurship, considering the profile and theme of the event, the participants were more so looking for ideas and startegies to grow their business from the current level to a much more ambitious one.
Most of these topics were covered on the second day, for example, Making your Business Look Big, Legal Affairs, so on and so forth.
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Article Tags: Arun Khetan, Business plan, DC Strategy, Dinesh Agarwal, Dinesh Aggarwal, Dinesh Rai, Ernst and Young, Franchise India 2010, IndiaMartin, Jagdeep Kapoor, Jetking, Kimaya, Kotak Private Equity, Manak Singh, Megha Poddar, Ministry of Micro and Small Enterprises, Neeta Lulla, New Age Knowledge Systems, Pradeep Hirani, Rod Young, Samsika, Siyarams, Small Business Congress 2010, Startup, Suresh Bharwani, TIE Mumbai, Vivek Joshi
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About the Author: Dhawal Shah RSS for Dhawal's articles - Visit Dhawal's website Click here to visit Dhawal's website   The potential of International Franchising in India Franchising and the Wellness Industry Opportunity Interview with Mr Nabi Saleh the Executive Chairman for Gloria Jeans Coffees Forest Secret Malaysia to spread wings overseas Monginis plans 50 outlets panIndia by 2010end seeks franchisees |
Related Forum Posts
These maybe the coldest franchises out there:
- Here are the worst 15 performing franchises in regards to having the highest Small Business Administration (SBA) loan failure rates. The list is dotted with sub sandwich shops, fitness centers and car shops.
WORST FRANCHISE LOAN FAILURES Failure %
1 OBEE'S SOUP SALAD SUBS 55.56%
2 LADY OF AMERICA 41.94%
3 COUNTRY CLUTTER (BED & BREAKFAST) 41.18%
4 COPY CLUB 36.36%
5 ALL TUNE AND LUBE 35.71%
6 PICKERMAN'S 35.71%
7 PHILLY CONNECTION 35.59%
8 ROLY POLY ROLLED SANDWICHES 34.78%
9 COTTMAN TRANSMISSION 34.48%
10 HAIR COLOR EXPRESS 33.33%
11 LEE MYLES AUTOMOTIVE TRANSMISSIONS 33.33%
12 GODFATHER'S PIZZA 33.33%
13 SMOOTHIE FACTORY 33.33%
14 BLIMPIE 31.39%
15 GOLF U.S.A. (RETAIL GOLF EQUIP.) 30.77%
Source: Small Business Administration, SBA Loan Performance Within Franchise Code for the Period of FY 2001 - 2005
My entry
- 1. The Best Business Books Ever: The 100 Most Influential Business Books You'll Never Have Time to Read
- this is a fascinating book about the history of Business theory, and I'd recommend it to anybody.
2. The Big Book of Small Business: You Don't Have to Run Your Business by the Seat of Your Pants, by Tom Gegax. Ditto.
3. PADI: The Business of Diving Book
Okay, so this book won't be of use to anyone who doesn't want to start a scuba store, but I did, and this book was of course invaluable to me in reaching that goal.
canada resources
- I used to have a connection to a franchise consultant in Canada at "Franchise Officer" in Toronto. I wish I could remember his name ( but I can check my files at the office tomorrow). Anyway, he had a lot of connections to banks in Canada. He may know of them and may be able to offer some feedback.
If you are looking for a business loan, Canada has similar business loan programs to that of the USA's Small Business Administration (SBA). I think its SLBS in Cananda, and I probably have the list of it's lenders in my office also.
Do you think either can be helpful? If so, I can get back to you with this information tomorrow. Let me know!
Exclusive: Interview with Results
- Hi Forum Members,
I'm helping start up a Business Coaching and Consulting company here in Toronto, Ontario, Canada (a Subsidiary of RSC Business in Los Angeles).
As a Research and Development Intern I am required to practice my listening and interview skills by surveying Small and Medium Businesses on thier Business.
This Survey is designed by RSC Business to also assist the Business being interviewed more insight into their own business.
I am looking to interview about 30 businesses across North America over the span of 3 months.
At the end of these interviews I will be publishing a report of the results and they will be made available for free to the Interviewees. The Report data will include responses from a minimum of 100 interviews.
I would like to extend this opportunity to members of the Forum.
If you would like to have this short 20-30 minute interview conducted on your Business and you reside in North America please send me an email or PM.
Please contact me at andy[at]jvprosperity[dot]com to arrange our interview and to get free access to the results when they are published.
Re: Biz Plan Competition
- i just wanted to say that posting Small Business Events on CanadaOne is a great resource. Thanks Julie!
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