How many times have you asked somebody for a referral? Knowingly or unknowingly, we all do this, all the time within our network. A company thought of making it a business practice and today generates over $11 billion through referrals. Founded in 1985, US based Business Network International (BNI) claims to be the world’s leading referral chain. Chairman and CEO, Graham Weihmiller who joined BNI in 2014 and is currently executing BNI’s strategic plan in its 73 operating countries speaks on entrepreneurship, franchising, and operational excellence.
Is this your first visit to India?
No, I had come here almost 20 years ago. With BNI, it’s my third or fourth travel.
How is India shaping up as a part of the Asian market for BNI?
It’s a very significant market. We are very excited about the developments in India and will continue with those. We have opened a new office in Bengaluru. I am very excited about the new leaders coming in.
Initially, were you aware of the vastness of the market or whether you were sure about entering into the country?
We felt confident for a number of reasons. First of all, tier II cities in India tend to be very large as per global standards and they are developing rapidly. By opening up BNI chapters in all these cities, we are giving them a chance to grow up and connect with them across India and world.
Was there any tweaking done with regards to the Indian chapter?
Sometimes, the franchise organizations need to customize their model when they enter a new country. In case of BNI, not much customization has been done in terms of the business model.
In terms of the popular franchises, where does India fit in?
هذه القصة مأخوذة من طبعة November 2017 من Entrepreneur magazine.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة November 2017 من Entrepreneur magazine.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
How To Ask Family For Money
Your friends-and-family fundraising round doesn't have to be scary and awkward. Here's advice from one of the world's leading investors.
Data Breach Drama: When Trust Turns Costly In A Digital Age
Amid data breaches surges, Indian businesses are prone to financial and reputational fallout. Can cyber insurance emerge as a safeguard?
THE TERRAIN TAMER
Spearheading a California-based, Series D SaaS company is no easy feat. It requires a blend of ownership, innovation, and the ability to handle stress. But Anand Jain, co-founder and chief product officer of Clever Tap, finds his calm by escaping to rough terrain whenever he gets the chance-be it India or Colombia.
THE INTELLIGENT READS
Hardika Shah founded Kinara Capital in 2011 with the mission to address the acute credit gap in the micro-small-medium-enterprises (MSME) sector in India, by providing fast and flexible business capital to small business entrepreneurs. Despite operating in highly competitive and tough market of collateral free loans, Kinara Capital has been steadily growing in Hardika's leadership. In conversation with Entrepreneur, Hardika shares insights on her favourite books.
THE CURSE OF GROWING TOO FAST
FAIRE is a platform for small businesses, but it grew big the wrong way-almost becoming a $12 billion wreck. Here's how it fixed the problem, and why you should think twice before skyrocketing.
There's No Perfect Answer
I worked the same job for 19 years. I hated it, but it paid the bills. Then, in 2017, I entertained an exciting but terrifying question: Could I be an entrepreneur? I wasn't sure, so I needed something that felt like a guarantee. I searched for signs that would feel like a big, clear \"yes!\"
Give Yourself the Gift of Time
Happy holidays! Emmy Award-winning tech expert Mario Armstrong has five recs to get more hours in the day.
How to Become a Main Street Millionaire
It started when I bought one little laundromat. Now I have a whole portfolio of small local businesses that bring in tens of millions in revenue a year. Here's why following my playbook could be your ticket to financial freedom-and saving America's local small businesses.
Want to Better Serve Your Clients? Become Them.
As a designer for brands, starting my own product company gave me a dose of humility-and it changed the way I relate to clients.
How to Succeed With Gen Z Workers
People often say that younger employees are different. But are they? We asked six business leaders what they've learned, and how their teams thrive.
