The word "franchising" is derived from the French verb, franchir, which means to make free or give liberty to, and often referred to freedom from some restriction, servitude or slavery. Franchising can be divided into two major categories: business format franchising and product / trade name format franchising.
Business format franchising is defined by the International Franchise Association (IFA) as a marketing method in which the owner of a product or service, known as the "franchisor," offers the right to operate and manage his product and service to others, the "franchisees," in return for a fee and ongoing royalty payments. This is the preferred format of franchising in the hospitality industry.
Product / trade name franchising, on the other hand, concerns the relationship between a franchisor and a franchisee in which the franchisor grants to the franchisee the right to distribute a product and/or use a trade name. This format is most frequently employed in the soft drink, automobile and gasoline distribution industries.
You have the opportunity to join Volity as a franchise partner and become a key figure in managing and expanding our business operations in your region. This opportunity offers significant career growth in a dynamic global market.
Your Responsibilities
- Understand the Market
Understand your city’s or country’s business environment, have a solid grasp of Financial Markets, and be ready to engage in a global, fast-paced business.
- Manage and Collaborate
Take full responsibility for identifying, collaborating with, and managing IBs, affiliates, and their clients within your country.
- Establish a Local Presence
Establish a local presence for the company with a compact team, setting up a sales office staffed by no more than 5-10 employees.
- Recruit and Oversee Staff
Recruit and oversee the local staff, ensuring their training and efficiency to foster business growth.
- Adhere to Global Standards
Advance the company locally while adhering to global brand guidelines, standards, and commitment to transparency.
You can read more about Volity Franchise Partner and benefits with us on our website.
We wish you successful trading with Volity !
