Starting a Franchise Business in the Philippines: A Guide for Franchisees
There are two main ways to start a business in the Philippines: create your own startup brand or open a franchise business. Franchising, the second option, is currently one of the strongest opportunities for many aspiring business owners in the country, with projected revenue growth rates of 10% to 13% in the next five years. …. Read More
Understanding Franchises: Types, Benefits, and Common Questions
Running a business usually involves planning and setting up a solid structure. While starting your own independent business is one choice, working with an established company and using their business system can sometimes be a better option. If you work in business development and are thinking about partnering with other brands, it’s important to understand …. Read More
Starting a New Business vs. Owning a Franchise in the Philippines: Pros and Cons
If you had to decide, would you start your own business from scratch or invest in a franchise in the Philippines? Each option has its own advantages and disadvantages. Your choice will depend on factors like your personal preferences, willingness to take risks, and long-term business goals. In this guide, we’ll go over the pros …. Read More
What is Franchising
Franchising is a way that companies use to offer their products and services through retail outlets owned by dealers or operators, called franchisees. The company that gives permission to an independent operator to sell its products and services using its name and business methods is the franchisor. This setup allows large companies to grow and …. Read More
The Real Costs of Running a Franchise Business
With many appealing franchise options available, such as food cart businesses or 24-hour convenience stores, it’s not surprising if you’ve thought about investing in one. These businesses often advertise low or affordable startup costs, but they sometimes leave out “hidden” fees that can make the actual cost of owning a franchise in the Philippines much …. Read More
Franchising: Pros and Cons You Should Know
If you’re planning to start a business, one of the first things you should ask yourself is whether you want to build an independent business or invest in a franchise. Franchising comes with many advantages, but there are also disadvantages—both for the franchisee and the franchisor. When deciding if you should get involved with a …. Read More
9 Benefits of Owning a Franchise
Starting a business is a dream for many people, but it also comes with risks. This is why both first-time business owners and experienced entrepreneurs may find it better to invest in a franchise instead of starting a business from scratch. Entering competitive industries – such as coffee shops – for the first time can …. Read More
Guide to Understanding the Franchise Business Model
The franchise business model has become a proven way to build wealth and grow businesses across many industries. This guide answers important questions about franchising so you can clearly understand how it works and how you can get started. 1. What Is Franchising and How Does It Work? Franchising is when a business owner, called …. Read More
11 Practical Money Management Tips to Help You Start
The basics of money management aren’t just for beginners. Sometimes, changes in life can also bring changes to your finances. Here are tips on how to start building a solid foundation and work toward your goals. Being a good money manager is a lifelong pursuit for many of us, and how you handle your finances …. Read More
10 Basic Money Management Tips for Beginners
Managing money can feel overwhelming when you’re just starting out, but learning a few important basics can help you feel more confident and set you up for long-term success. Here are ten simple tips to help you start on the right path. 1. Set Clear Financial GoalsThe first step to managing your money well is …. Read More