MBA – 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.

Businesses For The Masses Franchising Business Philippines, Franchise Business In The Philippines

Posted on June 10, 2019 by blogger

What are the advantages of franchise businesses? According to many business experts, franchise businesses had gained a lot of popularity in the Philippines today. The reason why is because of a number of new franchise businesses available today which aims to give the same opportunity that wealthier Filipinos have had with franchise businesses to the less wealthy Filipinos.

Small Franchise Businesses
The growth of food-cart and food-stall businesses is not only because of its affordability, but also because of the many franchising enterprises in the Philippines that offer lesser expensive Franchising business Philippines deals to Filipinos. So what are the differences between starting ones own small business from acquiring a franchise?

Less Effort in Marketing and in Profiteering
One reason that makes franchise businesses more popular compared to starting a business from scratch is that franchises allow its franchisees to use their successful business-model for their own gain. This makes it easier for franchisees to gain as much income as other businesses have had in years, which would normally take a lot of time and effort for a start-up business.

Simpler Business to Handle
Another advantage of franchising is that it allows people to start their business with everything they needed, from the marketing paraphernalia they needed to make their business known, to the equipment, uniform, and stock to be used for their business. This is much simpler compared to starting a business from the ground which will require their owners to look for a reliable supplier which will give them the stock they needed as well as their equipment.

Benefits of Smaller Franchise Businesses
The popularity of franchise business in the Philippines was due to the rapid growth of food-cart and food-stall businesses. This is because of the kinds of benefits that these businesses can offer to its residents that made these types of housings even more popular and in-demand in the market.

Lesser Expensive Franchise Cost
One reason why franchise business had gained a lot of popularity and demand in the market is because of its lesser expensive franchise cost. Compared to larger franchise businesses, such as convenient stores and fast-food restaurants, food-cart and food-stall businesses are far more affordable, in terms of franchise cost as well as the cost for its construction.

Far Simpler Business
Unlike larger franchise businesses, food-cart and food-stall businesses dont require any experience to manage and to make it grow. Unlike larger franchise businesses, these small businesses normally dont require their franchisees to have worked in a managerial position for years, or have acquired an MBA to acquire a franchise deal.

Success Of Small Franchise Businesses

Posted on November 1, 2018 by blogger

Franchise businesses had become a popular trend in the Philippines, according to many business experts. The reason why is because of todays available franchise businesses which aims to offer the same opportunities that wealthier Filipinos have had with franchise businesses. This is when food-cart and food-stall Franchising business Philippines became popular in the country.

Success of Small Franchise Businesses
According to many business experts, franchising had long been practiced in the Philippines though it was only recently that type of business process became popular. The reason why is because most franchise businesses available in the past were large businesses such as convenient stores and fast-food restaurants, in which only the wealthy, as well as companies and corporations, can only afford.

Because of this, franchise businesses were only available for those who can afford one. However, this was until food-cart and food-stall businesses became popular in the Philippines, according to many experts, which had also brought success to the franchise industry of the Philippines.

So what made these small franchise businesses successful?

Inexpensive Franchise Cost
One of the many reasons why small franchise business Philippines such as food-cart and food-stall businesses became popular and in-demand in the market is because of its far lesser expensive franchise cost.

Although still expensive, in which a successful food-cart franchise business today can cost around 250,000 Philippine Pesos, this is far cheaper compared to the franchise of a large successful business such as convenient stores and fast-food restaurant.

Unlike larger businesses, which require larger commercial space and construction, most food-cart and food-stall businesses seldom require any construction, though it will still require a high foot-traffic location, though not as large as what requires of a fast-food restaurant.

Simplicity
In addition to its affordability, franchise businesses are also known for its simplicity in terms of requirements.

Most franchise businesses, particularly larger businesses, normally require credentials of the franchisees capability in handling a business, such as years of experience in a managerial position, or have attained an MBA.

Small franchise businesses, however, doesnt usually require such credentials, which is also the reason why it made it easier for more Filipinos to acquire a food-cart and food-stall franchise business.

Because of its affordability and simplicity, these types of franchise businesses quickly became successful in the Philippines, particularly now that food-cart and food-stall businesses had widely spread all over the Philippines.

Growth Of The Franchise Industry In The Philippines

Posted on March 12, 2018 by blogger

ARTICLE BODY:

What made the franchise industry of the Philippines successful? According to the PFA or the Philippine Franchise Association, the franchise industry of the Philippines had significantly grown in the last few years, from 50 franchises to more than a thousand franchises today. And according to them, the reason for its rapid growth is because of small franchise business in the Philippines such as food-cart and food-stall businesses.

Popular Small Franchise Businesses
Unlike in the past in which most franchise businesses are large businesses, such as convenient stores and fast-food restaurants, most franchise businesses today are small ones, such as food-cart and food-stall businesses.

Because of its relatively smaller size and far lesser expensive franchising costs, many Filipinos were able to franchise a business for their own, giving them the same opportunity that wealthier Filipinos have had with franchise businesses.

In addition to its lesser expensive franchise cost, small Franchising business Philippines such as food-cart and food-stall businesses became popular in the Philippines because it doesn”t usually require its franchisees to have acquired years of experience in a managerial position or have finished an MBA course, which are usually the case for larger franchise businesses.

According to the PFA, it was because of the simplicity of these small types of franchise businesses that made the franchise industry successful in the Philippine market, particularly in today”s modern trends in which franchise businesses had become a popular trend for many Filipino businessmen and women. This had also led to the significant growth of the franchise industry in the Philippines.

The Franchise Industry of the Philippines
The Philippines had received a number of recognitions due to the rapid growth of the franchise industry in the country.

The rapid growth of the franchise industry, according to the PFA, had led to the creation of thousands of enterprises and generation of hundreds of thousands of jobs, making franchising an important tool in the country”s economic growth, which gave had also given the industry entry to the international market, which led to the recognition of Filipino business concepts world-wide.

According to the PFA, the Philippines was also recognized as the “franchise hub of Asia” when it comes to the development of franchise concepts.

According to many business experts, it was because of these recognitions that made franchising the preferred business method for more and more entrepreneurs, both for old and new entrepreneur.