Advantages Of Franchising For Filipinos

Franchising are some of the most popular businesses in the Philippines today

, and part of what made these types of businesses popular is because of its many benefits which gave many Filipinos the opportunity to start their own profitable businesses. Here are some of those benefits:

Advantages of Franchising for Filipinos

Franchising business Philippines had been practiced for as long as we can all remember. It was the reason why many popular international establishments became available in the Philippines. Popular examples include McDonalds, Wendys, Burger King, 7eleven, Mini Stop, and many others. So why is it that it was only recently that these types of businesses had gained a lot of popularity in the country?

The reason why franchise business Philippines had only recently gained a lot of popularity in the country is because of its lesser expensive franchise costs. This is due to the fact that most franchise businesses available in the Philippines today are small franchise businesses such as food-cart and food-stall businesses, such as burger stands and other popular Filipino street-foods.

Because of its significantly smaller size compared to larger franchise businesses such as fast-food restaurants as well as convenient stores, food-cart and food-stall businesses are far more affordable, allowing more Filipinos to have the opportunity to start a profitable business compared in the past in which only the wealthy were able to acquire their own franchise businesses.

Simplicity

In addition to its lesser expensive franchising costs, these smaller franchise business in the Philippines can also offer simplicity which allows its franchisees to easily manage their own businesses, even though they lack the necessary knowledge of running a business.

Due to its size, these businesses can be easily manned by one or two personnel, which allow franchisees to focus more on their other business or on their daily jobs while earning from their small businesses.

In addition to that, small franchise businesses such as those typically requires little to no experience in handling a business, or experience in a managerial position, or even a diploma in business administration or an MBA.

Significant Contribution to the Growth of the Philippine Economy

According to the PFA or the Philippine Franchise Association, the growth of the franchise industry had generated thousands of enterprises in the country, which had in turn generated hundreds of thousands of jobs, making franchising an important tool in the countrys economic growth.

by: Anita Gomez

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