blogger – Page 2 – Franchising POC

Popularity Of Food-cart Franchise Businesses In The Philippines

Posted on October 19, 2019 by blogger

What are the kinds of businesses are popular in the Philippines today? According to many experts, franchise businesses had become a popular trend in the Philippines. And part of the reason why businesses is because of the many new franchise available in the market, such as food-cart and food-stall businesses which are considered today as some of the most wide-spread businesses in the Philippines today.

Popularity of Franchise Businesses in the Philippines
According to many experts, franchise businesses became popular in the Philippines because of the many new franchising concepts which gave Filipinos the opportunity to own a profitable business. This is when food-cart and food-stall businesses were introduced in the Philippine market. And unlike other franchise businesses, these franchises are far simpler and smaller.

Benefits of Small Franchising Businesses
Unlike in the past in which most franchise businesses in the Philippines were large businesses, such as convenient stores, fast-food restaurants, and many more, food cart-and food-stall businesses are smaller, which could only occupy a small space in a high foot-traffic location, such as in malls, shopping centers, bus and train terminals, and even in wet markets and sidewalks.

Because of its versatility and flexibility, these types of franchising businesses became popular among many Filipinos who are looking for a simple business that they can easily manage by themselves.

But other than its simplicity, another reason why food-cart and food-stall businesses became popular is because of its lesser expensive franchising cost compared to other franchise businesses in the Philippines, allowing more Filipinos to have the same opportunities that many wealthier Filipinos have had with Franchising business Philippines.

No Requirements Needed
Unlike larger franchise businesses, which normally requires one to have experience in management as well as have attained an MBA, these small and simple franchise businesses usually don”t require anything other than the franchising fee. And although its more expensive than starting a business from scratch, these businesses, however, can offer Filipinos the profitability that start-up businesses usually lack.

Business Loans for Franchise Businesses
Business loans had also gained a lot of popularity in the Philippines because of franchise businesses. A popular example of those that offer such services is Ka-Negosyo (business-partner) by BPI. It is a branch in BPI which give Filipinos the advantage of franchising a business, or starting their own business, by giving them the capital they needed.

Ka-Negosyo is one of the few popular loan firms in the country that can offer Fast cash loan Philippines which gives them the opportunity to acquire their capital faster compared to other loan firms in the Philippines.

Franchising – Best Profit Solutions In Marketing

Posted on October 16, 2019 by blogger

Do your customers love your products & Services & often tell you that you should take your presences nationwide? (Global)

Do you have a unique business concept that if you could just get people to sell it for you know it would be huge hit?

Do you have a great product or service but you are struggling to get / find commissioned sales people that will sell it for you?

There are common questions/ challenges faced by small / medium business owners.

When we try to find strategic Solution to any of above problems one sample solution emerge which answers all above fretrationr for growth the solution ties in franchising our business.

Franchising is a very effective route to expand your business operations in fastest time frame.

Lets see our market place to identify 3 major business brands which are highly successful today in playing a dominant role in the market.

1. Delhi Public School
2. Career Launchers
3. Mothers Pride’s Play School

We know these businesses have grown fantastically taking franchising route to success.
It is very successful at profitable method, why very few small business owners utilized franchise method.
The reasons are given below:-

1- People think it is too complicated

2. They fear they will lose control.

3. They believe it is very expensive

4. They don’t think they have a business that can be franchised.
or
5. Most importantly they don’t know how to proceed ahead. They never got started.

All the above fears are incorrect. The fact is that all businesses can be franchised to grow phenomenally.

There are 10 business areas that make your business ready to franchise route to success:-

1. You need to have good business concept- products/ services. It need not be completely new ideas. Look around to notice how may CAT coaching centers/ playschools are franchised profitably.

2. You need good operational system. This means many of your operations have set procedures/ systems/ methods.

3. Business must be sample to understand. You should be able to teach it to other people in short period of time.

4. Your business needs to make money. If business is not profitable, No point in franchising. You should know if your franchisee can earn at lease 15% profit / return on investment.

5. You must plan by to manage a corporation. You will be managing larger business. So mindset of franchiser and management skills are keys to success.

6. Your business must have some VSP (unique selling proposition) so it looks attractive to investors.

7. Your business must have appeal to people in other cities / regions/ states. The demand of the product must be widespread.

8. Your business plan does not complete with any very large dominant competitor.

9. The inventory used in your business must need finance. You must create financial leverage so it is best to have assets that can be financed.

10. You must be willing to take professional advice you will need to franchise your business.
It is a new give to super success and it has its own rules.

Franchising is a strategic marketing step to expand your business in shortest possible time.

You will be surprised to know that despite downturn in the economy, franchising route to growth has proved successful. Its a winning strategy.

Low-cost Franchises Fetching High Returns

Posted on October 10, 2019 by blogger

Buying a low cost franchise is a good option for those who do not have surplus capital to buy and set up a large franchise, as it needs a lot of investment in terms of fees, real estate, marketing, merchandise etc. Low-cost franchises require low initial investment of less than Rs 10 lakh. So aspiring entrepreneurs who were in a quandary due to lack of finances can take a breather and relax.

Franchising offers variety in low-cost franchises

With the evolution of franchising to its present stature, many companies have adopted the franchise route for expansion. Even small businesses which were earlier considered inapt for expansion have taken the franchise route and have tasted success in their journey. Kiosks are the best way to enter franchising in the low-cost way. Apart from taking a kiosk these are the best segments to enter franchising with low investments.

Food industry

F&B industry always gives an impression of a hefty investment for taking any franchise. However this can be quite misleading as there are few segments in this sector which require less than Rs 10 lakh investment. These are:

Juice bars and caf bars: Juice bars are becoming the in-thing with consumers becoming more health conscious. Tropical Sno, Mr Orange, Tornado Cocktails, Juice Lounge etc are some of franchised juice bars which come under low-cost. Similarly caf bars have become popular with more and more people preferring to have coffees and talk. The coffee culture is sure to increase in the future as well. Brewers, Coffee Day Xpress, Cupo Cofe, Caf Desire, etc are few franchise in low cost section.

Bakery and confectionery: This segment also offers great avenues in fetching high profits. Brands like, Waffle Express, Chocolate Graphics, Sweet World, Muffins Bakery, are some low cost attractive options under bakery and confectionary.

Ice-cream parlours: Kwality Walls, MiniMelts Ice-creams, Baskin & Robbins, Royal Ice-cream, Gelato Vinto etc are few some of the popular frozen desserts franchises.

Business Services

Business services also provide a low-investment and high- profit opportunity. Franchising in this sector is growing tremendously. Few segments are given below:

Financial services: As long as people continue to spend money, they’ll need financial services providers to manage finances for them. Financial services franchises are the perfect opportunity for agents, brokers and real estate dealers.

Courier Services: The typical feature of courier service includes doorstep booking, customer convenience and security of each and every consignment that has been entrusted to it. Jaguar Couriers Franchise, Blazeflash Couriers, etc are some of the franchising companies under this category.

Cartridge refilling: In the modern age of I.T, there is a constantly growing need of cartridge re-fills. A cartridge refill franchise offers to its users quality refills at a fractional cost. Current industry trends and future projections suggest that printer cartridges demand will continue to multiply at a very fast pace. Cartridge World, Cartridge Caf, Cartridge Xpress are some of the good low-cost franchise options.

Consumer Services

Services like, dry cleaning, matrimonial alliances, tour and travels fall under this category.

Dry cleaning services have come under the fold of franchise business in the last few years, and some franchisors are: White Tiger, Wardrobe Franchise etc.

Matrimonial sites: Matrimonial web sites like Shaadi point and Shadilagn are getting increasingly popular these days, and are offering franchise at low cost.

Travel companies: With the economic upliftment of the common people in last two decades, the tour and travel industry has witnessed a phenomenal growth. Some of the franchisors offering low cost opportunities are East Trip Planners, Mahindra Holiday & Resorts, Arzoo.com etc.

Retail franchising

Retail sector is another low cost franchise option for aspiring franchisees.

Artificial jewellery: It can be the best alternative to precious jewellery, if one has the interest in it. Trenz, Dia Gold, Silver Maya etc are some costume jewellery franchises.

Florist is another category calling for low investment. Ferns n petals, Florists, Fiore and many other companies are offering opportunities in setting up a florist franchise.

Before opting for any of the above options, clear all your doubts. Apart from your initial investment, take into account the ongoing costs that must be paid to your franchisor, including franchise royalties, marketing fees and other required purchases. After you are convinced go ahead and make your mark in the franchising arena!

Business Franchise Loan Challenges Here’s How Franchising Loans Really Work In Canada

Posted on October 5, 2019 by blogger

Business franchise loan challenges in Canada? We’re the first to admit that the concept of getting a ‘ tip ‘ in business is not always a good thing but we’re drawing from successful experience in franchising loans that assist clients who are serious about entering this type of business.. and being successful!

There is of course a long journey between the time you decide to purchase a franchise to the time that ribbon opening! Along the way you have been vetted by the franchisor, investigated, probably spent some time in training and orientation, and… Oh yes, we forgot… faced the finance challenge of buying the business!

Many franchisees either struggle or are uninformed about how much equity, aka ‘ down payment ‘ they have to put in the business. We forgive them for this confusion because it’s a three pronged issue –

1. How much capital the owner can comfortable raises or put in

2. How much equity capital is required by the type of financing you ultimately enter into?

3. How much capital in some cases that the franchisor insists on as a prerequisite to entering into their program – typically that amt. is one to listen to carefully as its often based on the franchisors experience as to what it takes to be financially successful, not just ‘ sales and revenue successful ‘!

While Canadian chartered banks have in essence recognized and embraced the franchise industry as a key borrowing segment it is very important to note that almost never to they finance franchises directly – even less so when it’s not an ‘ asset heavy ‘ deal . So what our banks do is to carefully tailor some large national programs around the franchisors willingness to work with them in a worst case scenario – i.e. The financial failure of your business!

If you are fortunate enough to acquire a business that’s a part of a very large and successful respected chain you should be congratulated and might find some financing solace. If that is not the case one of the best possible solutions for your financing decision comes from an acronym. And that acronym? It’s the BIL loan program which hundreds/thousands of franchisees use to facilitate the financing of their franchise if the purchase price is under 350k – which is the program finance cap.

Whether you are borrowing from a specialty franchise lender (yes they do exist) or from a bank or commercial finance firm it’s important that the franchisee demonstrate reasonable personal financial history. That of course means that you can demonstrate that you have run your personal finances in a manner that reflects how you would run your franchise.

Lenders and even the franchisors themselves can easily verify your personal financials via credit bureau reports, statements of personal asset, etc.

Understanding the up front challenges of franchising loans will save you time, money and ultimately guarantee financing success. Seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with your business franchise loan needs.

What Are Popular Sports Franchises To Consider For Franchising

Posted on October 1, 2019 by blogger

Are you wondering how sports franchises are started? There is a wealth of information about franchising on the internet and finding a franchise opportunity is easier than you think. The most important thing is to find a suitable niche that appeals to you and that you follow the franchise agreement and manuals you receive. Sometimes you can begin a sports franchise for as little as $5,000.

Sports franchises come with many exciting bonuses. First of all, the customer base for this type of franchise is usually established and fiercely loyal. The brand name is already associated with quality and performance so you need to do very little work, and a sports franchise requires very little startup cash and investment. Additionally, the franchising business in general is low-risk with only 5% resulting in failure (compared to more than 50% for small businesses). Each franchise can be examined to see which suits you best.

When most people think of a sports business franchise, they think of basketball, baseball, football and hockey logo jerseys, jackets and hats. However, there are also sports-themed businesses to consider. For instance, Snap Fitness is one of the top-producing fitness franchises because their gyms are open 24/7, their employees are knowledgeable and they use the best security surveillance systems to ensure safety. Sports retail franchise, Nevada Bob’s Golf, offers specialty golf products. Future Stars Sports Photography is a training center for sports photography offering great products and customer service.

There will always be a place in America for sports franchises. Locals will always want merchandise and memorabilia for their hometown heroes. Yet in some instances, dream teams or playoff teams entice fans from beyond their borders to buy. According to the Ultimate Standings list, the top ten franchises (in order) are: the Indianapolis Colts, the San Antonio Spurs, the New Orleans Hornets, the Green Bay Packers, the Anaheim Ducks, the Los Angeles Angels, the Detroit Tigers, the Detroit Pistons, the Jacksonville Jaguars and the Arizona Diamondbacks.

A whole world of information about sports franchises eagerly awaits you from Mike Selvon portal. We appreciate your feedback at our franchise opportunities blog.