Tag: Philippines

What made franchising a popular trend in the Philippines? Franchise businesses, such as food-cart and food-stall businesses, had gained a lot of popularity and demand in the Philippines. The reason why is because of the opportunity for Filipinos to start a successful business, while it also serves as a popular solution to poverty by the government.

Franchising Industry in the Philippines
According to the PFA, or the Philippine Franchise Association, the franchising industry of the Philippines had grown immensely since the start of small Franchising business Philippines, such as food-cart and food-stall businesses.

In a report by the PFA, the number of franchises in the country had grown from only over 50 in the 1990s, to over a thousand since 2009, and it kept growing even today.

Its growth was a major milestone in the franchise industry of the Philippines, and the government had also seen its potential as a solution to the growing problem of poverty in the Philippines. A popular application of franchise business by the government is when OFWs from Libya had fled the country to return home.

Because most of them doesn”t have any work in the Philippines, the government had gave them a free business management course on how to manage a small business, particularly managing a franchise business such as a food-cart or food-stall business.

In addition to that, another contribution that the franchise industry of the Philippines had given to its economic growth is by providing Filipinos with more jobs. According to the PFA, the growth of the franchise industry of the Philippines had created thousands of enterprises which generated hundreds of thousands of jobs, making franchising an important tool in the country”s economic growth.

Accomplishments for the Philippines
The growth of the franchise industry of the Philippines had also garnered a number of recognition for the Philippines in the world market.

According to the PFA, the growth of franchise business in the Philippines had recognized the Philippines as the “franchise hub of Asia” when it comes to the development of franchise concepts. This had also allowed entry into the international market of Filipino brands and concepts.

These and other achievements have made franchising the preferred business method for more and more entrepreneurs “” both aspiring and established.

What are the kinds of businesses are popular in the Philippines today? According to many experts, franchise businesses had become a popular trend in the Philippines. And part of the reason why businesses is because of the many new franchise available in the market, such as food-cart and food-stall businesses which are considered today as some of the most wide-spread businesses in the Philippines today.

Popularity of Franchise Businesses in the Philippines
According to many experts, franchise businesses became popular in the Philippines because of the many new franchising concepts which gave Filipinos the opportunity to own a profitable business. This is when food-cart and food-stall businesses were introduced in the Philippine market. And unlike other franchise businesses, these franchises are far simpler and smaller.

Benefits of Small Franchising Businesses
Unlike in the past in which most franchise businesses in the Philippines were large businesses, such as convenient stores, fast-food restaurants, and many more, food cart-and food-stall businesses are smaller, which could only occupy a small space in a high foot-traffic location, such as in malls, shopping centers, bus and train terminals, and even in wet markets and sidewalks.

Because of its versatility and flexibility, these types of franchising businesses became popular among many Filipinos who are looking for a simple business that they can easily manage by themselves.

But other than its simplicity, another reason why food-cart and food-stall businesses became popular is because of its lesser expensive franchising cost compared to other franchise businesses in the Philippines, allowing more Filipinos to have the same opportunities that many wealthier Filipinos have had with Franchising business Philippines.

No Requirements Needed
Unlike larger franchise businesses, which normally requires one to have experience in management as well as have attained an MBA, these small and simple franchise businesses usually don”t require anything other than the franchising fee. And although its more expensive than starting a business from scratch, these businesses, however, can offer Filipinos the profitability that start-up businesses usually lack.

Business Loans for Franchise Businesses
Business loans had also gained a lot of popularity in the Philippines because of franchise businesses. A popular example of those that offer such services is Ka-Negosyo (business-partner) by BPI. It is a branch in BPI which give Filipinos the advantage of franchising a business, or starting their own business, by giving them the capital they needed.

Ka-Negosyo is one of the few popular loan firms in the country that can offer Fast cash loan Philippines which gives them the opportunity to acquire their capital faster compared to other loan firms in the Philippines.

Franchising had become a popular trend in the Philippines due to the many new franchise businesses available in the market today that can offer significantly lower franchising cost compared to what franchise businesses in the past. These kinds of popular Franchising business Philippines are food-cart and food-stall businesses.

Popularity of Food-Cart and Food-Stall Businesses
Food-cart and food-stall businesses had become wide-spread all over the Philippines today. The reason why is because of franchising businesses which had promoted these types of small businesses to average Filipinos.

The advantage that made these types of franchise businesses popular, according to many experts, is because of its affordability, making it easier for the average Filipino to start their own profitable business.

Simplicity of Food-Cart Businesses
Part of the reason that made food-cart and food-stall franchise business in the Philippines simple, other than its relatively lesser expensive franchising cost, is its requirements.

Unlike larger franchise business, such as convenient stores or restaurants, a food-cart and food-stall businesses normally requires smaller investments in terms of location and space.

The simplicity of these businesses made it easier for Filipinos to manage their own businesses, even though they lack the necessary knowledge in handling a business.

But what made these small businesses even more popular, according to many experts, is that it doesnt necessarily require franchisees to have attained experience in a managerial position or have acquired a degree in business administration.

Contribution of Franchise Industry to the Economic Growth of the Philippines
The popularity of food-cart and food-stall businesses in the Philippines had largely contributed to the growth of the franchising industry of the Philippines. However, other than the growth of the sector, franchise businesses had also contributed to the growth of the Philippine Economy.

The PFA, or the Philippine Franchise Association, is the pioneer and biggest franchise association in the Philippines. It is the voluntary self-regulating governing body for franchising in the country with 180 franchisors and allied members nationwide.

According to them, the growth of the franchise industry had also contributed to the economic growth of the Philippines. This includes the creation of thousands of enterprises and generation of hundreds of thousands of jobs, making franchising an important tool in the countrys economic growth. Additionally, the franchise industry had also contributed to the growth of the Philippines as the franchise hub of Asia when it comes to the development of franchise concepts.

One of the most popular type of business in the Philippines today is franchise business. And this is because of its many benefits which made it simpler and easier compared to starting a business from scratch. So what are these benefits and advantages?

Advantages of Franchise Businesses There are many benefits of starting a franchise business rather than starting from scratch. Some known benefits involve the advantage of starting up quickly based on a proven trademark, and the tooling and infrastructure as opposed to developing them.

In addition to that, franchise businesses can also offer the convenience which will allow its franchisees to start their business without having to worry about their supplier or their consultant, or other important aspects of businesses. This is because their franchisors can also stand as their consultant and their supplier, making it easier for Filipino entrepreneurs to start their business.

However, other than just the benefit of starting-up quickly, there are also other reasons why franchise businesses had gained a lot of popularity in today’s market. And that is because of its affordability.

New Franchise Businesses and its Benefits Popular franchise businesses in the past are comprised of medium and large businesses from bakeries and convenient stores, to grocery and fast-food chains. Because of this, franchise businesses in the past can only benefit those that can accommodate its costs, such as wealthy families, corporations, as well as companies.

Today, a new breed of franchise businesses were introduced in the Philippine market which aims to offer many Filipinos to have the same opportunity that wealthy Filipinos have had in franchise businesses. This is when food-cart or food-stall businesses were introduced in the market.

Compared to larger franchise businesses, food-cart or food-stall businesses are far more affordable, allowing more Filipinos to own a business which they can easily gain profits due to its many unique benefits.

In addition to its affordability, food-cart businesses are also known for its many benefits which made these types of franchise businesses unique.

Although many of today’s franchised food-cart businesses are built to stay in one place, which is similar to other franchise businesses, there are many food cart businesses today which can be moved due to its size. This allowed its franchisees to choose which place can offer them the profitability they needed.

Business Loan Services What made franchise businesses even more popular is because of the support of many companies by providing them different business loan services which can offer financial assistance to Filipino entrepreneurs. A popular example is Ka Negosyo franchise and Business Loan services which can offer the kinds of services appropriate for their needs.

Ka-Negosyo is one of the few popular business loan service provider that can offer Fast cash loan Philippines which allows Filipinos to start their business quickly, particularly if their racing against time in securing a very important location for their food cart franchise business.

One of the most popular type of business in the Philippines today is franchise business. And this is because of its many benefits which made it simpler and easier compared to starting a business from scratch. So what are these benefits and advantages?

Advantages of Franchise Businesses There are many benefits of starting a franchise business rather than starting from scratch. Some known benefits involve the advantage of starting up quickly based on a proven trademark, and the tooling and infrastructure as opposed to developing them.

In addition to that, franchise businesses can also offer the convenience which will allow its franchisees to start their business without having to worry about their supplier or their consultant, or other important aspects of businesses. This is because their franchisors can also stand as their consultant and their supplier, making it easier for Filipino entrepreneurs to start their business.

However, other than just the benefit of starting-up quickly, there are also other reasons why franchise businesses had gained a lot of popularity in today’s market. And that is because of its affordability.
New Franchise Businesses and its Benefits Popular franchise businesses in the past are comprised of medium and large businesses from bakeries and convenient stores, to grocery and fast-food chains. Because of this, franchise businesses in the past can only benefit those that can accommodate its costs, such as wealthy families, corporations, as well as companies.

Today, a new breed of franchise businesses were introduced in the Philippine market which aims to offer many Filipinos to have the same opportunity that wealthy Filipinos have had in franchise businesses. This is when food-cart or food-stall businesses were introduced in the market.

Compared to larger franchise businesses, food-cart or food-stall businesses are far more affordable, allowing more Filipinos to own a business which they can easily gain profits due to its many unique benefits.

In addition to its affordability, food-cart businesses are also known for its many benefits which made these types of franchise businesses unique.

Although many of today’s franchised food-cart businesses are built to stay in one place, which is similar to other franchise businesses, there are many food cart businesses today which can be moved due to its size. This allowed its franchisees to choose which place can offer them the profitability they needed.
Business Loan Services What made franchise businesses even more popular is because of the support of many companies by providing them different business loan services which can offer financial assistance to Filipino entrepreneurs. A popular example is Ka Negosyo franchise and Business Loan services which can offer the kinds of services appropriate for their needs.

Ka-Negosyo is one of the few popular business loan service provider that can offer Fast cash loan Philippines which allows Filipinos to start their business quickly, particularly if their racing against time in securing a very important location for their food cart franchise business.

What made the franchising industry of the Philippines successful? According to the PFA or the Philippine Franchise Association, the franchising industry of the Philippines had gained significant growth over the past couple of years. The reason why is because of the many new franchise businesses available in the country today, such as food-stall and food-cart businesses.

Franchise Businesses from Then and Now
According to the PFA, most franchise business in the Philippines were large businesses such as convenient stores, fast-food restaurants, and many others. Because of this, most of those which were able to franchise a business were wealthy Filipinos, companies, and corporations.

Today, however, a number of new franchise businesses were made available in the Philippines which can offer many more Filipinos the same opportunity that wealthier Filipinos have had with Franchising business Philippines. This is when food-cart and food-stall businesses were introduced as a franchise business in the Philippines.

Success of Food-Cart Businesses in the Philippines
Food-cart and food-stall businesses were first established as small businesses by private Filipinos. However, when different franchising companies and corporations in the Philippines have found its potential as a small franchise business, many of these have started to acquire the ownership of those small businesses and distribute it as a franchise business for the average Filipino.

Since then, the popularity of franchise businesses had significantly grown, particularly for these businesses. So what are the benefits can these types of businesses offer:

Affordability
One main reason why these small franchise businesses became popular is because of its affordability. Compared to larger franchise businesses, food-cart and food-stall businesses are far more affordable, allowing more Filipinos to have the opportunity to start their own successful and profitable business.

Simplicity
Another reason why franchise businesses became popular is because of its simplicity which allows its franchisees to manage it by themselves. Because of its relatively smaller size, these businesses can be easily placed and moved from place to the other. And in addition to that, these businesses can also be easily manned by one or two personnel.

Availability
Another reason why franchise businesses had gained a lot of popularity in the Philippines is because of its availability. As the industry grows, the number of new food-cart and food-stall franchise businesses had also grown, which introduced many new franchise businesses that gave more choices for Filipinos from which of these small businesses are suitable for their preference.