|
Overseas Filipino Workers, or simply known as OFWs, are known for their sacrifices to give a better life to their loved ones. They live and work abroad to give their family in back home a better life compared to the life they would have had if one of them have not worked abroad. This is due the fact that the Philippines lack the necessary number of well-paying jobs to secure the future of all of its citizens. However, the government had started a program which aims to offer OFWs the means they needed to start and handle a business for them to have another means of income or a reason for them to stay in the Philippines. And one popular example that this program offers for OFWs is how to handle a Negosyo franchise. What Good can Franchise Businesses Offer? Franchise businesses had gained a lot of popularity in the Philippines, particularly among the many middle-wage earners. This is because franchise businesses in today can now be easily afforded for no less than P21,000.00 Philippine Pesos. However, other than its affordability, there are also other reasons why franchise businesses had gained a lot of popularity in the market. One is because of its availability. Other than convenient stores and fast-food restaurants, a number of other franchise businesses in the country had also gained a lot of popularity, such as food cart businesses. Compared to restaurants and convenient stores, food cart businesses are far more affordable. In addition to that, franchise businesses, such as food cart businesses, usually requires lesser maintenance compared to establishing a business from the ground-up. This is because of the advantage of starting up quickly based on a proven trademark, and the tooling and infrastructure as opposed to developing them. What good does franchise business offer to OFWs is that it offers them a business simple enough for their families to manage while working abroad, allowing it to generate addition income for the needs of their growing family. Other, more expensive franchise businesses, such as those that have established a strong name in the market, can offer them the reason to not go abroad and stay here with their family. And by giving them the knowledge they needed, which is the support of the government, they can easily start their business with a solid successful plan. Supporting OFWs Other than the government, the private sector had also offered their services to give these Filipinos the means they needed to start their business, such as providing a Business loans Philippines service to accommodate their needs.
Related Articles -
Business loans Philippines, Negosyo franchise,
| 
