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Successful Small Businesses by Anita Gomez
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Successful Small Businesses |
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Business
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Franchise businesses had gained a lot of success in the Philippines since the time when food-cart and food-stall businesses were introduced as franchise businesses in the market. This is because of the opportunity that these businesses can offer to the average Filipino.
Successful Small Businesses According to the PFA, the franchise business Philippines had grown more successful in recent years since the time when small businesses such as food-cart and food-stall businesses were introduced as a type of franchise business in the Philippines.
The reason why the industry became successful is because franchise businesses today can now be easily afforded by anyone with enough budgets to start their own business, which was unlike in the past in which only wealthier Filipinos as well as companies and corporations are the only ones which were able to afford to acquire a franchise business.
So what is the reason why these small franchise businesses became popular and successful in the Philippine market?
Affordability One of the few reasons why franchise businesses had gained a lot of popularity and success in the market is because of its lesser expensive franchise cost compared to the kinds of franchise businesses commonly available in the past, such as convenient stores and fast-food restaurants. This is because most food-cart and food-stall franchise businesses available in the market today can now be acquired for less than P50, 000 Philippine pesos.
Because of this, many Filipinos had turned to acquire a franchise rather than starting their own small business. The reason why is because of the opportunity for profitability that franchise businesses can offer, in which anyone can use another firm's successful business model, which allows them to skip on all the years of marketing that they have done to achieve success and profitability in their business.
No Requirements Needed Another reason why most small Franchising business Philippines became popular is because of its requirements, which requires little to no credentials at all. This is unlike most types of large franchise businesses which require their franchisees to have at least an experience in a managerial position or have attained an MBA.
It was because of this that franchise businesses became even more popular and in-demand in the Philippines, particularly now that many Filipinos are seeking for ways to improve their lives by improving their income through their own business.
Related Articles -
franchising business Philippines, franchise business Philippines,
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