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What Made Franchise Businesses Popular in the Philippines by Anita Gomez
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What Made Franchise Businesses Popular in the Philippines |
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Business
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Franchise businesses are a popular trend in the Philippines today. According to many business experts, franchise businesses were not very popular in the past, due to the kinds of franchise businesses available then. Today, however, franchise businesses had gained a lot of popularity and demand due to the far lesser expensive franchise businesses available in the market today, such as food-cart and food-stall businesses. These types of franchise businesses are food-cart and food-stall businesses. Popularity of Small Franchise Businesses Small franchise business in the Philippines had gained a lot of popularity in the Philippines because of its simplicity compared to most franchise businesses. Unlike larger franchise businesses, such as fast-food restaurant or a convenient store, food-cart and food-stall businesses are far less expensive making it easier for many Filipinos to acquire a franchise for its business. Its lesser expensive cost made franchise businesses even more popular and in-demand in the Philippines, particularly for many Filipinos. But what made it even more popular is because of the simplicity of these smaller franchise businesses. Simplicity of Small Franchise Businesses In addition to its affordability, small franchise businesses are also known for its simplicity, such as with its requirement as well as in management. Small franchise business Philippines such as food-cart and food-stall businesses normally doesn’t require the kinds of credentials required by larger franchise businesses such as fast-food restaurants and convenient stores, such as an MBA or experience in a managerial position. Most small franchise businesses don’t usually require such credentials, which made it a popular choice for many Filipinos. As for construction, small franchise businesses usually don’t require any construction. Because of its relatively smaller size and mobility, a food-cart or food-stall can be easily installed in any location. For management, a small business like a food-cart businesses can be easily operated by one or two personnel, depending on what the product is served. Because of its size, this kind of business can be management by Filipinos even though they are away. Success of the Franchise Industry The franchise industry of the Philippines had gained a lot of popularity because of its affordability, which in turn led to the massive growth of the franchise industry of the Philippines.
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