Want to become a TIM Associate?
Trade-wings Institute of Management (TIM) has ambitious expansion plan through a franchising model. You can start a profitable venture in Training, by associating with TIM. How does one get associated with TIM?
Why is TIM adopting Franchise Model?
As an ambitious plan to take the vocational education to the doorsteps of students and make it affordable to them, Trade-wings has adopted a Franchise model for growth. TIM is working on a plan to have Franchisees in each and every small & medium, city & town all over India, so that –
- Students in every corner of country benefit from it.
- Tourism awareness will get created helping the tourism industry.
- Travel Agents / Tour Operators / Hotels can take up a TIM franchise to add additional revenue streams and also use students in their businesses effectively.
- Entrepreneurs can develop training as a new business model.
- Training Institutes can add new courses to its revenue streams.
Who should be a TIM Associate?
Any Entrepreneur, Travel Agent, Tour Operator, Hotel, Training Institute, who has premises which is conveniently located, has some experience in either Tourism or Training industry & aptitude of teaching, can be a Franchisee of TIM.
What is TIM’s offer to the Associate?
Here is an opportunity for you as an entrepreneur, to start up your own Travel & Tourism Training Institute. Under the Franchise model TIM offers the following things to its franchisees –
- A License to operate under the brand name of TIM, along with its reputation and goodwill.
- TIM’s courses to the students in your area.
- TIM’s certificates and study material to every student.
- Know-how to run the institute.
- Constantly upgraded and newly created courses with its affiliations.
- Guidance and initial training.
What does TIM’s License Offer to the Associates?
TIM provides a License to operate under the brand name of TIM for a period of 3 years. During this time, the Associate can use TIM’s logo, market its ready-made courses, gets TIM’s support for the operations, gets TIM’s courseware for students and finally the certification from TIM. TIM charges one time License Fee for the duration of the License. This fee varies from city to city. Kindly contact Head office of TIM for the same.
What is the royalty charged by TIM per student?
A portion of students fee collected by the Associate, is charged by TIM as a royalty per student depending upon the course enrolled for. Against this royalty, TIM provides courseware per students, I-cards and certification after successful completion. The royalty generally varies from 20% to 30% depending upon the courses. Service Tax is applicable on this royalty.
What Infrastructure is required to become TIM’s Associate?
You require the following infrastructure:
- At least one class room with a capacity of 15 / 20 students with a white board
- Counseling Area
- 2 computers with internet access
- Overhead Projector, LCD projector if possible.
- Display area outside the premises to put up the signage
- Total area of around 500 Sq Ft.
What manpower do I require to run the Franchised Centre of TIM?
Minimum requirement of the manpower is as follows:
- A counselor
- A faculty cum Manager
- Office boy
How does Associate manages to get the faculties?
Initially, you should identify professionals from Travel Agencies / Airlines / Hotels who would be interested to teach on a part time basis like visiting Faculties and are staying / working in areas near your premises. These professionals can be given TIM books and the guidelines to teach. Once adequate number of students are enrolled, you can have full time faculty recruited. If you are already having activities in Tourism industry, you can also depute any of your staff as Faculty. For those who are already in Travel & Tourism, there is quite a lot of synergy in the businesses.
What is the Procedure to Obtain TIM’s Franchise?
You should conduct small survey to check how many students you can enroll in one financial year, make feasibility calculations and once convinced about it, call TIM and ask for Franchise Application Form. Fill the Form and send it to TIM HO at the following address –
18 / 20, K.Dubash Marg, Kalaghoda, Fort, Mumbai
Pin : 400 023
Fax: 022 22046053
Tel : 022 22875231 / 022 66627193 / 022 66627194
E-mail : firstname.lastname@example.org, email@example.com
Contact Person : Mr Rajan Dani, Director
Once the application is approved, you can enter into a MoU with TIM and make full payment of the License Fees You will get 3 months period to create the infrastructure required for the institute. Once the infrastructure is ready, TIM will inspect the infrastructure and will give NOC to launch. At that time first advertisement can be released in the media.
Who will do the advertising for Franchised Centre?
Advertising is totally a responsibility of Franchisee. However, various artworks for advertisements, brochures, banner will be provided by TIM. Over and above advertising / promotion on a national level in will be done by TIM by way of participating in various exhibitions, web site advertising, attending seminars etc.
Who is responsible for Profitability of this Franchised Centre?
Franchisee is going to be In-charge of the Franchised centre. He / she gets to use the goodwill of TIM, its courses & certification, guidance. However making use of all this in the given territory, and make money, is the total responsibility of the Franchisee.
Is it the right time to take a Franchise of TIM?
Yes, this is the right time for taking up a Franchise, since Tourism industry is now once again growing, economic growth is fuelling business travel and more disposable incomes with middle classes is fuelling more Leisure Travel. Due to this requirement of trained manpower is growing in India.
What areas are of interest to TIM to have Associate?
Mumbai (Andheri (W), Borivali(W), Dadar, Mulund, Vashi, Thane, Dombivali, Kalyan), Nasik, Ahmednagar, Rajkot, Jaipur, Jodhpur, Udaipur, Kota, Chandigarh, Shimla, Ambala, Amritsar, Ludhiana, Jammu, Srinagar, Pathankot, Bareily, Nainital, Allahabad, Varanasi, Gwalior, Indore, Bhopal, Raipur, Bilaspur, Patna, Ranchi, Silliguri, Silchar, Aizawl, Agartala, Vizag, Trichy, Madurai, Pondicherry, Mysore, Davangere, Hubli, Dharwad, Mangalore, Calicut, Cochin, Trivendrum, Kolkata (South), Chennai (Annanagar, Adyar), Bangalore (all areas beyond 5 kms from city centre)