The global
economic crisis during the time period 2008 to 2010 have affected several
industries sectors including food and beverage industry has forced market
players to adjust their business model accordingly. Similarly, food franchisees especially burger
franchise have ungraded business model is such a way that can be adjusted at
times of recession. Box-o-Burger has
figured has best brand as it generates low cost business opportunities for
entrepreneurs whose spending power is low. Indian entrepreneurs too have
embraced business model adapted by Box-o-burger and are looking to start their
own business with the brand. Initially problems might encounter but with proper
guideline and support every obstacle can be overcome easily.
Unlike other
players in F&B sector, the burger restaurant chain has expanded through
franchise business model. The founder has ensured for the standard taste,
quality and affordable prices of delicious yet yummy cuisines offered. Besides,
care has been taken that the franchisees should follow a set of standard
operating procedures to mesmerise consumers and enhance brand image of the best
burger franchise. Moreover, the
organization is planning to open outlets across major metropolitan cities,
challenges are bound to come along its way but the founders are confident of
overcoming them on the go.
One of the
characteristics of low cost business models is that during recession time it
can be easily adapted according to market needs and demands. Flexibility is
required for the smooth operations, consistent market updates are remarkably
crucial to avoid heavy losses. Young entrepreneurs who want to grow seeds in
Food and beverage industry need to stick with low cost business opportunities.
If someone is offering low cost services then it is better to stick with it and
further you can add your creativity to attract mass consumers. Hence before
starting any venture it is significant to obtain thorough market statistics.
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