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Small businesses such as food carts and food stalls have become very popular in the Philippines today. Some of the reasons why is because of its affordability compared to other businesses, while maintaining its profitability. However, other than just its profitability and affordability, there are also other reasons why food cart busiensses had gained a lot of popularity in the Philippines, and that is because of franchising businesses. Food Stalls as Franchise Businesses Franchise businesses became popular in the Philippines because of its collection of small businesses, including food cart and stall businesses. Unlike most franchise businesses in the past, such as convenient stores (7eleven) and fast-food chains (McDonald’s and Jollibee), food cart businesses are far more affordable, allowing more Filipinos to have the opportunity to start their own business in the Philippines. According to the PFA or the Philippine Franchise Association, the franchise industry of the Philippines had massively grown in the country. And part of the reason why is because of these small businesses. Because of its affordability, many Filipinos were able to start their own small franchise business. And it was because of this that these franchise businesses had quickly spread all over the Philippines, introducing new franchising concepts which can cater to the needs of the majority of Filipinos. Other Benefits In addition to its affordability, these small franchise businesses can also offer a number of unique benefits, such as its lesser maintenance costs and efforts, which is usually the case of handling larger businesses. Also, because of its size, these small franchise businesses can also be moved from one place to the other, allowing more flexibility in choosing which location can best serve their business, though this may require authorization by the franchisor to its franchisees. Business Loans for Franchise Businesses Because of the growing popularity of franchise businesses, many of the private sectors had taken this as an opportunity to support Filipinos in their efforts of starting their own business from scratch or acquiring a franchise business. One popular example is Ka Negosyo franchise and Business Loan services by BPI. Ka Negosyo Franchise and Business Loans is a new addition to BPI’s loan services, such as their Auto Loan and Home Loan services, which aims to give financial support to Filipinos seeking to start their lives as an entrepreneur. In addition to offering financial support, Ka-Negosyo can also offer business consultancy which will allow their clients to easily start off with the knowledge needed to properly maintain their business and how to make to grow, as well as knowledge of the procedures practiced in franchised businesses.
Small businesses such as food carts and food stalls have become very popular in the Philippines today. Some of the reasons why is because of its affordability compared to other businesses, while maintaining its profitability. However, other than just its profitability and affordability, there are also other reasons why food cart busiensses had gained a lot of popularity in the Philippines, and that is because of franchising businesses.
Food Stalls as Franchise Businesses Franchise businesses became popular in the Philippines because of its collection of small businesses, including food cart and stall businesses. Unlike most franchise businesses in the past, such as convenient stores (7eleven) and fast-food chains (McDonald’s and Jollibee), food cart businesses are far more affordable, allowing more Filipinos to have the opportunity to start their own business in the Philippines.
According to the PFA or the Philippine Franchise Association, the franchise industry of the Philippines had massively grown in the country. And part of the reason why is because of these small businesses.
Because of its affordability, many Filipinos were able to start their own small franchise business. And it was because of this that these franchise businesses had quickly spread all over the Philippines, introducing new franchising concepts which can cater to the needs of the majority of Filipinos.
Other Benefits In addition to its affordability, these small franchise businesses can also offer a number of unique benefits, such as its lesser maintenance costs and efforts, which is usually the case of handling larger businesses.
Also, because of its size, these small franchise businesses can also be moved from one place to the other, allowing more flexibility in choosing which location can best serve their business, though this may require authorization by the franchisor to its franchisees.
Business Loans for Franchise Businesses Because of the growing popularity of franchise businesses, many of the private sectors had taken this as an opportunity to support Filipinos in their efforts of starting their own business from scratch or acquiring a franchise business. One popular example is Ka Negosyo franchise and Business Loan services by BPI.
Ka Negosyo Franchise and Business Loans is a new addition to BPI’s loan services, such as their Auto Loan and Home Loan services, which aims to give financial support to Filipinos seeking to start their lives as an entrepreneur.
In addition to offering financial support, Ka-Negosyo can also offer business consultancy which will allow their clients to easily start off with the knowledge needed to properly maintain their business and how to make to grow, as well as knowledge of the procedures practiced in franchised businesses
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