|
Businesses have become a very popular trend in the Philippines today. And one of the main reasons is because of the increase of new franchise businesses in the country that made it easier for Filipinos to establish their own business and secure their own futures. Advantages of Franchises What are the advantages of franchise businesses? According to business experts, the advantages of franchise businesses is that it allows its franchisees the advantage of starting up quickly based on a proven trademark, and the tooling and infrastructure as opposed to developing them, which supports the popular saying between franchising businesses in which the “success of the franchisor is the success of the franchisee”. In the Philippines, the reason why franchises became popular other than allowing Filipino entrepreneurs to start on an established name is because of its affordability. According to the PFA or the Philippine Franchise Association, franchise businesses in the Philippines had grown from 50 franchises in the 1990s to over a thousand today. And that is all because of the number of new and affordable franchise businesses. Negosyo franchise business in the Philippines such as food cart businesses were some of the most popular franchise businesses in the Philippines. According to many business experts, franchise businesses today can now go as low as P20,000 Philippine Pesos. Because of this, franchises became a popular solution by many Filipinos to prevent poverty. Along with its affordability, which is unlike that of franchising a convenient store, food cart businesses are also known for its profitability particularly if placed in a high foot-traffic. This is because of the popularity of food among Filipinos. Supporting the Franchise Industry However, there are still a number of Filipinos that are unable to franchise a business, or those that wanted to franchise a business which is more stable compared to other cheaper franchise businesses. This is because of the cost of franchising a business. And to provide a support for Filipinos, there are a number of loaning firms and banks that have started to offer business loans for Filipino entrepreneurs. And one of the most popular is BPI’s Kanegosyo franchise and business assistance services. Because of the continuous growth of new franchise businesses in the Philippines, as well as the support of loaning firms and banks that offer business loan services to Filipino entrepreneurs, many Filipinos can finally have the chance to start their own business and secure their future and the future of their family.
Related Articles -
Negosyo franchise, Kanegosyo,
| 
