Hey-lo, everyone! Sorry for being đ¤ late. We got a headache reading todayâs chart (IFYYK). Anyway, letâs start todayâs edition with some mental work:
Dedicate time to a creative outlet, whether it's drawing, writing, music, or any other form of self-expression.
Ayurveda says the state of well-being is built upon the synergy between a nourished body and a tranquil mind. It underscores the holistic approach to health, integrating both physical and mental aspects.
Now, letâs get started with some exciting business talkâŚ
đŻ Top Headlines of the Day
Adani Total Gas experienced a 20% growth in CNG sales volumes, thanks to 24 new stations
HDFC Bank shares have declined by 11% from their one-year high
IndiGo's Q1 FY25 results show a 12% YoY decline in profit to Rs 2,729 crore, while revenue rose by 17%
đđ Whatâs up in the market?
Todayâs trading session was a real stock market sitcom!
The Nifty 50 closed slightly higher today. It ended the day at 24840.85 points. This is a small increase compared to yesterdayâs closing price. While the index reached a high of 24848.80 points during the day, it also dropped to a low of 24837.10 points, showing some volatility.
Okay, so let's break down this chart-watching party.
It's like trying to predict the weather without a crystal ball. The Nifty was all over the place today â up, down, round and round! It was like a rollercoaster without the safety harnesses.
The trading volume was as moody as a teenager â sometimes all hyped up, other times, totally chill. We canât really say if it was a bull or bear market out there. Sure, the Nifty ended the day with a tiny victory lap, but letâs not pop the champagne just yet. This could be a flash in the pan, or it could be the start of something bigger. Who knows? Not us, not today.
đ How about a pizza business?
Pizza in Bharat is like a cultural phenomenonâless of a dish and more of a national obsession! Itâs become so popular, it practically has its own fan club.
But, why start a pizza business at all?
Sanam Kapoor, once a typical HCL employee, decided to chase his dream of owning a business, driven by his love for pizza. Despite a 90% failure rate and limited funds, he launched La Pino'z in the early 2010s, targeting the tough pizza market dominated by giants like Dominoâs, which held a 54% market share. Instead of competing head-on, he introduced single-slice pizzas and customized recipes to suit local tastes. His focus on freshness and affordability paid off.
By 2017, La Pinoâz grew to over 100 outlets, and by 2022, it surpassed 600, hitting âš1000 Cr in revenue and expanding internationally.So, now if youâre thinking of jumping into the pizza franchise game, you need to do EVERYTHING right! But, worry not! We have got each step figured out for you:
đ Market Analysis and Local Demand
First things first, youâve got to figure out if your target area is a pizza hotspot or a pizza wasteland. Check out the local competition and see if thereâs room for another pizza joint. If the areaâs starving for good pizza or if existing places arenât hitting the spot, you might have found your golden opportunity!
đ Assess Franchise Reputation
Before you put your money where your mouth is, get the scoop on the franchise. Dig into their history, see what current franchisees have to say, and check if there are any legal dramas. A franchise with a good track record and happy franchisees is more likely to set you up for success.
đ Financial Considerations
Be real about the costs involved. Look at start-up expenses, ongoing fees, and the total investment needed. Make sure these fit with your budget and financial goals. Remember, itâs not just about the initial investmentâoperational costs and royalty fees are part of the package too.
đ Support and Training
Check out what kind of support and training youâll get. A good franchise should offer solid initial training, ongoing support, and help with marketing. You want a franchise thatâs got your back as you navigate the wild world of the pizza business.
đ Menu Diversity and Quality
Take a look at the franchiseâs menu and ingredient quality. The best pizza joints offer a variety of options to please different tastes and dietary needs. Make sure theyâre committed to fresh, high-quality ingredients and keeping the menu exciting.
đ Marketing and Brand Presence
A strong brand and effective marketing can make or break your pizza place. Look at how the franchise supports its marketing efforts and how well-known they are. A recognizable brand can help pull in customers and keep them coming back for more.
đ Choosing the Right Location
Location is key! Find a spot with lots of foot traffic, great visibility, and easy access. Make sure the demographics of the area match the franchiseâs target market. A prime location can be the secret ingredient to your pizza success!
â ď¸ Hold UP
Bharat.Inc believes that growth comes from support. So, hereâs an open call to all the business owners to get themselves featured RIGHT HERE!
Sounds interesting? Then you ought to see what we have in stock for you â¨
Fill up the form below, and we will get in touch with you in no time!
Thatâs it for today, folks! We will be back again next week with more valuable insights about âBharat in Business.â Till then, stay in style!
