Philippine Franchise Business Can Pave Your Way To Financial Freedom
The Philippines, though considered one of the third world countries due to the never ending global financial crisis, is now dubbed as the "franchising hub of Asia". And why not? Philippine franchise business is now one of the most outstanding and successful businesses in the country. This business model has become so successful that from the mere 50 franchising brands in existence during the 1980s, it now reached more than a thousand! No doubts about it - the franchising business in the Philippine is really on the go!
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!
What are some of these Philippine franchises we are talking about? We have food cart and kiosk and gigantic fastfood chains as Jollibee, McDonald's, KFC and the like, bakery and food stores, and Bars and cafes. These businesses alone make up about 41% of the whole franchise business. We also have service-type franchises like printing shops and call centers, education and training franchise, and personal care franchise that contributes another 32% of the pie. The rest are franchised retail outlets.
If you think that only those who have inexhaustible financial resources can go into these types of business, think again! The truth is that even you can have one of these businesses. And depending on the type of franchise you want to put up, there's no need to invest much money. What you need to invest more in is knowledge on how to run the business. You also need to learn more about the product or service that will click with your future customers.
Wondering what franchise to choose? Well, it's best to choose a business that you're interested in. You can't make a business grow if you're not interested, right? Look at products commonly used at home and at work. For more ideas, consider the top rated franchises enumerated above.
After you've decided, make some research and be knowledgeable about the franchise business of your choice, your market, the location and the cost requirement for putting up the identified franchise.
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.
So, what are you probably waiting for? Start your own Philippine franchise business now. Someday, you'll be glad you did! - 23223
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!
What are some of these Philippine franchises we are talking about? We have food cart and kiosk and gigantic fastfood chains as Jollibee, McDonald's, KFC and the like, bakery and food stores, and Bars and cafes. These businesses alone make up about 41% of the whole franchise business. We also have service-type franchises like printing shops and call centers, education and training franchise, and personal care franchise that contributes another 32% of the pie. The rest are franchised retail outlets.
If you think that only those who have inexhaustible financial resources can go into these types of business, think again! The truth is that even you can have one of these businesses. And depending on the type of franchise you want to put up, there's no need to invest much money. What you need to invest more in is knowledge on how to run the business. You also need to learn more about the product or service that will click with your future customers.
Wondering what franchise to choose? Well, it's best to choose a business that you're interested in. You can't make a business grow if you're not interested, right? Look at products commonly used at home and at work. For more ideas, consider the top rated franchises enumerated above.
After you've decided, make some research and be knowledgeable about the franchise business of your choice, your market, the location and the cost requirement for putting up the identified franchise.
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.
So, what are you probably waiting for? Start your own Philippine franchise business now. Someday, you'll be glad you did! - 23223
About the Author:
The author writes articles about Philippine franchise and helps people get started in franchise business in the Philippines.
posted by X - Men @ 2:03 AM
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