Philippine Franchise Business Can Pave Your Way To Financial Freedom
Amidst the crisis faced by the Philippines, it is now considered the "Franchise hub of Asia." Unbelievable but true! This is because a very outstanding and successful business model is on the rise - the Philippine franchise business. There are a lot of franchises available for anyone who may be interested in starting his own business. Name any product or service and there's great chance that there's a franchise business offering it! No wonder, the Philippines is making its way to the top of the franchising ladder.
The Philippine franchise business plays a very important role in the country's economic development. It provides about $6.6 billion or five percent of the Philippine GDP and gives employment to about a thousand Filipinos. The success of franchising business in the Philippines is the closest thing you can get to a miracle. Just imagine, in the 1980's there were only about 50 brands being franchised, and now it has spiraled to a thousand brands! As we earlier claimed, it's unbelievable but you better believe it. These are hard facts!
Some of the top performing Philippine franchise businesses include food franchises such as food carts and kiosk as well as the more popular food chains like Jollibee and McDonald's; bars and cafes, and the bakery and food store franchises (41%). Service-based enterprise such as printing shops and call centers as well as education and training franchises are also very popular. They comprise about 32% of the total franchises in the country while retail franchises make up the remaining 27%.
And the good thing is that you can own one of these top franchise businesses. You better believe it! In fact, you don't have to invest lots of money. A working knowledge of how to run a business and a knack for knowing what products or services would be a big hit in the market and the buying capacity of your future customers may be more critical.
But how can you choose what franchise business to invest in? First, choose something you're interested in. You can run a business with ease if you're interested, can't you? Also focus on the commonly used products at home or at work, just like what the top franchises offered.
Once you know your ideal franchise business is, you have to be well informed about the product or service you're going to offer and identify your market as well. In line with this, knowing the location and cost requirement is also a must. These will be a big part of the success of your business.
After you've selected your franchise of interest, continue on your research about the product and the market where you'll sell it. You should also be knowledgeable about the perfect location for your chosen business and its cost requirements as well.
Philippine franchise has made it big in the Philippines and it still continues to grow. It has helped a lot of our fellow Filipinos gain employment and is helping improve our economy. So, if you dream of having your own Philippine franchise business, go for it, especially if you have what it takes! Who knows? It may just be your key to financial freedom. - 23196
The Philippine franchise business plays a very important role in the country's economic development. It provides about $6.6 billion or five percent of the Philippine GDP and gives employment to about a thousand Filipinos. The success of franchising business in the Philippines is the closest thing you can get to a miracle. Just imagine, in the 1980's there were only about 50 brands being franchised, and now it has spiraled to a thousand brands! As we earlier claimed, it's unbelievable but you better believe it. These are hard facts!
Some of the top performing Philippine franchise businesses include food franchises such as food carts and kiosk as well as the more popular food chains like Jollibee and McDonald's; bars and cafes, and the bakery and food store franchises (41%). Service-based enterprise such as printing shops and call centers as well as education and training franchises are also very popular. They comprise about 32% of the total franchises in the country while retail franchises make up the remaining 27%.
And the good thing is that you can own one of these top franchise businesses. You better believe it! In fact, you don't have to invest lots of money. A working knowledge of how to run a business and a knack for knowing what products or services would be a big hit in the market and the buying capacity of your future customers may be more critical.
But how can you choose what franchise business to invest in? First, choose something you're interested in. You can run a business with ease if you're interested, can't you? Also focus on the commonly used products at home or at work, just like what the top franchises offered.
Once you know your ideal franchise business is, you have to be well informed about the product or service you're going to offer and identify your market as well. In line with this, knowing the location and cost requirement is also a must. These will be a big part of the success of your business.
After you've selected your franchise of interest, continue on your research about the product and the market where you'll sell it. You should also be knowledgeable about the perfect location for your chosen business and its cost requirements as well.
Philippine franchise has made it big in the Philippines and it still continues to grow. It has helped a lot of our fellow Filipinos gain employment and is helping improve our economy. So, if you dream of having your own Philippine franchise business, go for it, especially if you have what it takes! Who knows? It may just be your key to financial freedom. - 23196
About the Author:
Franky helps people get started in the business franchise in the Philippines. He also have a blog that talks about Philippine franchise.
posted by X - Men @ 12:55 AM
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