Starting a Consultancy

You can easily operate consultancy from home. For that you need to have a computer with internet connection. Plus access to atleast one job portal will be a great help to you. You need to learn how to access data from portals very fast. Once you'll start using it, it'll become very easy. Secondly, if possible you should add one more person to your team. So that one can ta e care of business development activities and other can search !"s as per the re#uirement. $ecause, if you are entering this mar et, you have to be really fast. Otherwise if you are not able to eep pace with the other consultancies you'll be left behind in competition. So to sum up, one should have following infrastructure and facilities to start a new %& consultancy business' (. +. ,. 4. 5. 7. 8. 9. Place )which you have* !omputer with internet -ccess to a job portal ).t/ll re#uire a bit high capital0 1obs ahead 2 3au ri* -tleast two people to run the show 6nowledge of the field Smart interaction with the clients and candidates &egular follow up with the clients Fast in delivering the !"s to clients

(. &is ta ing ability' .nvesting re#uired finance on an idea you have which you thin will wor and converting that into profit. :;< people end up as employees because they do not want to ta e such ris s. +. =eadership S ills ' You need to motivate others to achieve goals you have set. >heir goals may be different and hence your leadership s ills counts a lot . ,. ?ar eting s ills' why should the client buy your services@ 4. -dmin S ills ' You need to have the right talent, right place, right infrastructure, through effective processes designed to ma e everything in your business wor . Aesigning proper systems is the ey here. 5. >alent ?anager' $ring right recruitment talent, coach them and retain them. Since you would be handling many things you will not be doing recruitment. >he recruitment will be done by others only.

Franchisee
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..&eputation of the franchisor. Fhow long has the franchisor co. been in business@ + F.f it is a new co., how long has the concept been tested @ , FCho are the principals'@ 4 FChat are the #ualifications of the people@ FChat are the current 2 future plans of franchisor@ F.s the franchisor registered with franchising council@ FChat is the financial standing of the franchisor@ F%ave you #uestioned2surveyed any current franchiseeGsH@ +.Franchise product2service. Fwhat is the mar et image for the product2service@ FCould you buy2use the product 2 service yourself@ F-re you prepared0neIt ,to 5 years to sell2manage this business yourself@ F.s this product all year round or seasonal product @ FChat is the demand pattern for this product 2service@ F%ow is this product priced 00up mar et2low price2 average@ F%ow is this ind2similar products sold currently@ FChat are the selling restrictions@ F-re you entitled to new developments2trademar s2 etc@ Fwhat is the profit margin@ ,.F&-3!%.SBA -&B-. Fis the franchise sales area geographically defined@ Fdo you have eIclusive right in this area@ Fwhat is the sales potential in this area@ Fwhat is the nature of competition direct2in direct@ Fare the eIisting franchisee successful@ 4.F&-3!%.SB !O3>&-!>. Fwhat are the rights 2 obligations @ Fterm ination00how Fcost of termination. Fcost of 1oining. Fcan you sell the franchise with franchisor's consent . Fwho gets the goodwill when the franchise is sold@ Fwhat are your payments to the franchisor00fiItures2advertising2 initia. stoc 2royalty2legal2security etc@ Fwhat are the cost associated with setting up@ Fcan you sell other merchandise@ Fis there a monthly target @ Fis there an annual business plan@ 5.F&-3!%.SO&'S -SS.S>-3!B.

Fdoes the franchisor provide ongoing support 00mar eting2promotions2training etc@ Fis there a handboo @ Fdoes the franchisor provide accountancy assistanc) 7.!%B!6 F&-3!%.SO&'S PB&FO&?-3!B. Fchec a number of franchisee in different territories 8.PB&SO3-= F-!>O&S Fchec your own 000 health, can you manage@ Ffinance,can you manage or loan@ Fyour aptitude for this business@ Fyour attitude fot this business@ Fyour nowledge@ Fyour s ills@ etc etc F.3-==Y -&B YOE &B-==Y P-SS.O3->B -$OE> >%.S $ES.3BSS@ .> .S >%B P-SS.O3 >%-> A&."BS >OC-&AS >%B SE!!BSS. JJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJ C%-> KEBS>.O3S S%OE=A YOE -S6 >%B F&-3!%.SO&@ ( . Chat eIactly will you do for me that . cannot do as easily for myself@ +. Chat am . eIpected to do for you@ ,. %ow do . now if . can successfully operate a franchise@ 4. Ao . need any special eIperience@ 5. Cill the franchise company investigate me@ 7. %ow long has the franchise operation been in business@ 8. %ow many franchises are now operating@ 9. Chere are they located@ :. %ow many have failed so far@ Chere are they@ (;. ?ay . call and see your franchisees at their places of wor @ ((. ?ay . as them #uestions about their business@ (+. ?ay . see the net profit figures for a number of your franchised operations@ (,. Cill the products yourfranchises sell still be in demand five years from now@ %ow do you now@ (4. .s your franchised business active all the year round, or are some periods traditionally busier than others@ Seasonality affects a number of franchises, but their busy periods compensate for the slower ones. (5. %as a mar et survey been done on the area where . am contemplating becoming a franchisee@

(7. Chat is the current and potential competition within my designated territory@ (8. Chat is the eIact and eIclusive territory included in my franchise@ (9. For how long will . be guaranteed my franchise@ (:. Chat renewal options on my contract can . eIpect@ +;. .f premises are involved, who holds the head lease@ +(. Chat products or services can . see@ ++. Chat restrictions apply to how . use the franchise trademar or name@ +,. Ao . have to stoc minimum inventories of products@ +4. Ao . have to sell certain minimum amounts each wee 2month2 year@ +5. Ao . have to buy my stoc from the franchisor@ +7. Chat if . find better prices elsewhere@ +8. %ow much is the franchise fee@ +9. Please spell out the royalty fees in detail. +:. Chat other costs will . be liable to pay@ ,;. Cho determines the prices at which . sell my stoc @ ,(. . now that . will be eIpected to send detailed reports on a regular basis, but who pays for their cost@ ,+. Chat will . be eIpected to contribute towards advertising and promotional eIpenses@ ,,. Cill you help me to raise the capital . need to become a franchisee@ ,4. Chat credit terms do you offer on stoc for my franchise@ ,5. Cill . be able to choose the location of my franchise@ ,7. Chat help will . receive in finding a good location for my franchise@ ,8. Chat pre0opening, opening and post0opening assistance will (, receive@ ,9. Chat training is provided for me and my staff both before and after we open@ ,:. Chat manuals are provided@ )operations@ training@ sales@* 4;. Chat help will . receive with each of the following@ L merchandising and mar eting ideas

L public relations L designing layouts and displays L local advertising L inventory control L financial analysis 4(. Chat trouble shooting help can . eIpect@ -+. %ow much of my money will . get bac if my franchise fails@ ,4,.Chat are the rules governing my rights to sell my franchise@ ,44.Chat if . want to transfer ownership of my franchise to another person@ 45. Chat termination rights do each of us have as franchisor and franchisee@ ,47.Chat are the eIact conditions under which you have the right to cancel the franchise@ ,48.Chat happens if you as the franchisor go into li#uidation@ 49. Chat if . go ban rupt or into li#uidation@ 4:. Chat happens to my franchise if you, the franchisor, die uneIpectedly@ 5;. ?ay . ta e the contract away now for my legal advisor to study with me@ 5(. Ao you subscribe to the Franchising !ode of Practice@ .f not, why not @ SO?B -AA.>.O3-= KEBS>.O3S . >O -S6 F&-3!%.SO& (.%ow many franchises are now operating@ +.Chere are they located@ ,.%ow many have failed so far@ 4.%as a mar et survey been done in this particular area@ 5.Chat is the current and potential competition@ 7.Chat is my eIclusive and eIact territory @ 8.For how long will . be guaranteed my franchise@ 9.Cho holds the tease to the premises@ :.Chat restrictions apply to the use of franchise trade mar @ (;.%ow much is the franchise fee@

((.Chat is the royalty fee @ (+.Cho determines the prices of the products . sell@ (,.Cill you help me to raise the capital @ (4.Chat iH pre0opening iiH opening iiiH post opening assistance will . receive@ (5.%ow much money will . get bac if my franchise fails@ (7.!an . sell the franchise @ (8.!an . transfer the franchise to another person @ (9.Ender what conditions you will cancel my franchise @ (:.Chat happens if the franchisor goes into li#uidation@ +;.Chat happens if . go into li#uidation @

SERVICE AGREEMENT
>his -greement is made MMMMMMMMMM )hereafter referred to as Nthe !ompanyO* of the one part, and MMMMMMMMMMMMMMMMMMMMMMMMM )hereinafter referred to as Nthe -gencyO* of the other part. $O>% P-&>.BS %B&B$Y -D&BB -S FO==OCS ' Bffective Aate >his -greement shall be effective from MMMMMMMMMMMM and valid for a period of one year from commencement. >ermination $oth the parties can terminate for convenience this -greement, at any time for any reason upon written notice of one month to the other parties. Scope of Services $ased on the re#uirements of the !ompany for various positions, the -gency will identify appropriate persons through either any one or a combination of means such as eIternal advertising, in house search of eIisting data ban and headhunting. -fter in house assessments of the relevant s ills and interviews, the -gency will send resumes of short listed appropriate candidates to the !ompany for their review. $ased on the !ompany/s input, the -gency would arrange for interviews with !ompany personnel. >o facilitate the above the !ompany will '0 L For all positions, define and provide the -gency, recruitment criterion for each of the job family. L Aesignate an BIecutive who would be a person of authority, to facilitate day0to0day coordination. L Provide a day/s induction to the -gency team designated to the account, to observe the interviews and understand the job2 process re#uirements.

L -llocate one day of the wee , for a detailed feedbac on the candidates forwarded by the -gency to the !ompany during that wee . L Provide the -gency a #uarterly rolling plan of their staffing re#uirements, along with the job specifications at the beginning of every month. L .nform the -gency of any duplication of candidates within two days of receipt of the candidature. L >reat all information regarding technology, tests, processes etc. in strictest confidence. Fee Epon selection of the candidate recommended by the -gency, the !ompany will pay the -gency for the services rendered along terms as follows' L MMMMMMMM for 1unior =evel. L MMMMMMMM for ?iddle =evel. L MMMMMMMMM for Senior level. Dross -nnual compensation would cover the employee/s total cost to company including $asic, %&-2!=-, FiIed -llowances, =>-, ?edical, !ar related reimbursements, &etirals, -ssured Performance $onus. .t would not include any component of a "ariable nature such as !ompany $onus2BI0gratia and "ariable Performance .ncentives that may be decided by the management from time to time. >aIes and levies if any, shall be eItra On selection, the !ompany must give the -gency a complete brea up of the compensation offered to enable the -gency to bill the !ompany )shall be ept in strict confidence*. .n case some of the profiles are not short listed, the !ompany will return the !"s to the -gency. -ll payments are to be made, after deduction of the applicable taI deduction at source, within ,; days of the -gency raising the invoice after the candidate joins the company, by way of an account payee che#ue in favour of the -gency. -ll re#uisitions and re#uests and other wor related communication from the company would be in writing. Enless otherwise agreed in writing, the company will not hire or solicit the employment of the agencies personnel without mutual consent during the period of agreement and siI months thereafter for themselves. .n case of a breach of contact the company would be liable to pay the agency three months cost to company of the person. .n case any employee recruited through the -gency leaves the !ompany within , month of having been recruited, the -gency shall then recruit a new employee to fill such a position and for the same, the -gency shall incur the complete cost of such recruitment. !onfidentiality $oth the agency and the company shall at all times eep the information provided by each other in complete confidence. For MMMMMMMMMMMMM For MMMMMMMMMMMMMMMM -uthoriPed Signatory -uthoriPed Signatory Aate' MMMMMMMMMMMM MMMMMMMMMMMMMMMMM