Popular Business Trend In The Philippines

Franchising businesses had gained a lot of popularity in the Philippines when many Filipinos had started to go for this business rather than starting their own business from scratch. According to many experts, the reason why franchising became a popular trend in the Philippines is because of the many new franchising businesses which made it easier for many Filipinos to start their own business. This is when food-cart and food-stall businesses had been introduced in todays franchising industry.

Popular Business Trend in the Philippines
Franchising had been practiced in the Philippines for many years. However, it was only recently in which these types of business process had gained a lot of popularity and demand in the market.

The reason why is because of many new franchise businesses which was made available to provide Filipinos with the opportunity to start a profitable business. This is when food-cart and food-stall businesses were introduced in the Philippine market.

Advantages of Small Franchise Businesses
The advantage of small Franchising business Philippines, such as food-cart and food-stall businesses, is its cost, which is significantly lesser compared to larger franchise businesses. Because of this, many Filipinos were able to acquire a franchise compared in the past in which the only the wealthy were able to acquire a franchise.

In addition to its lesser expensive franchising costs, these small franchise business in the Philippines normally doesnt require any proof of managerial experience or any MBA certifications, which are usually, required for larger franchise businesses. This allows many Filipinos, even for those who have no experience in handling a business, are given the opportunity to start a profitable business. This is also serves as an important learning process for many entrepreneurs.

Significant Impact of Franchise Businesses in the Philippines
According to the PFA, or the Philippine Franchise Association, the growth of franchise businesses in the Philippines had contributed largely to the growth of the Philippine economy.

Due to the growth of demand for franchise businesses in the Philippines, thousands of enterprises were created to accommodate this demand, in which this growth had also led to the generation of hundreds of thousands of jobs, making franchising an important tool in the countrys economic growth.

It was also because of the growth of the franchising industry of the Philippines that gave entry for Filipinos to introduce their brands and concepts in the world market. Another is that the growth of the Philippines as the franchise hub of Asia when it comes to the development of franchise concepts

BPIs Financial Support for Future Filipino Entrepreneurs

Businesses, particularly small businesses, had become a very popular trend in the Philippines, particularly among the many middle-wage earners. This is because of the additional income that these businesses can generate.

However, there are still a number of Filipinos that cant afford to start their own small business, or franchise a small business such as a food cart business. It is because of this that many of the private sectors have established a number of loaning services that aims to assist Filipinos in their efforts in starting their own small business or franchise business. A popular example of those is BPI business loans.

Financial Support for Filipinos
BPI or Bank of the Philippine Islands is one of the premier banks in the Philippines, being the first bank to be established in the Philippines ever since the Spanish era. Currently owned by Ayala Corporation, BPI had introduced a number of services that aims to help and assist Filipinos with all of their endeavors. Popular examples of BPIs services include BPI Home-Loan and Auto-Loan, which aims to offer financial support to buy a new house or a new car respectively.

In addition to those services, BPI had also introduced a new service known as the Ka-Negosyo business loan services. Similar to other popular loaning services, Bpi business loans also offers the chance for Filipinos to start a business or to franchise a business such as a food cart business.

Advantages of Loaning
Although many business experts dont usually recommend loaning, Bpi business loans assures that their interest rates are fair enough to accommodate the financial capabilities of middle-wage earners. One of the main advantages of loaning is that Filipinos can easily start-off their business even though they lack the necessary capital to start their business. The best thing about this is that they can easily pay-off their debts once their business starts to gain income.

Other than starting your own business or franchising a business, such as a food cart business, Bpi business loans or other loaning services also aims to offer assistance for businesses in their plans for expansions by providing them with fast cash loan services. This allows them to get emergency financial assistance from BPI to support their business in case of emergencies.

Popular Philippine Business Trend For The Masses

What made franchise businesses a popular trend in the Philippines? Although it was only a few years ago when this business type had gained a lot of popularity and demand in the country, franchising had long been practiced in the country. The only reason why franchising had gained a lot of popularity is because of small franchise business in the Philippines.

Popular Business Trend
According to many business experts, franchising had gained a lot of popularity and demand in the country. The reason why, according to many business experts, is because of the popularity of food-cart and food-stall businesses.

Unlike in the past in which most franchise businesses were fast-food restaurants and convenient stores, or any other large businesses, which only the wealthy were the only ones that can afford its franchise costs and overhead costs, franchise businesses of today are geared towards the average Filipinos. Food-cart and food-stall businesses, according to many experts, are far less expensive compared to the cost of a whole fast-food restaurant.

Far Less Expensive Franchise Costs
According to many business experts, the cost of a simple food-cart franchise business can go as low as 25,000 Philippine Pesos. Its cost made it easier for Filipinos to afford starting their own small but profitable business through franchising.

However, like any other types of franchise businesses, the more popular and recognize a business is, the more expensive it gets. One of the most expensive food-cart businesses available in the Philippines today can go as high as 250,000 Philippine Pesos to 350,000 Philippine Pesos. It all depends on how popular the business is.

Simpler Business
In addition to its lesser expensive franchise costs compared to larger franchise businesses, food-cart and food-stall businesses are also known for its simpler requirements compared to larger franchise businesses.

Most small franchise business Philippines wouldnt usually require any credentials from the franchisee other than their payment, while other more successful franchise business may require experience in handling a business as well as in marketing. However, this can be easily achieved by anyone with any experience. Not unlike larger franchise businesses which will require experiences in a managerial position or have attained an MBA.

Other than just the requirements, food-cart and food-stall businesses can also be easily placed in any high-profile or high foot-traffic location, such as in malls, shopping centers, bus and train terminals, and even in wet markets and in the side-walks, which usually dont require any construction.

The Business Industry of the Philippines

Want to start a business? Businesses have become a very popular trend in the Philippines, particularly among the many average Filipinos. Part of the reason why is because of the many new business opportunities introduced in the Philippines which caters to the budget of the middle class of the society. A popular example of those types of businesses includes franchise businesses.

Franchise Business of the Philippines According to the Philippine Franchise Association, or PFA, the governing body that regulates the franchising industry of the Philippines, the franchise business industry of the Philippines had significantly grown in the market since the 1990s, from 50 franchises, to over 1000 today.

The advantage of franchise businesses is because of the idea that the success of the franchisor is also the success of the franchisee, in which franchisees have the advantage of starting up quickly based on a proven trademark, and the tooling and infrastructure as opposed to developing them.

According to many experts, the reason why the franchise industry had grown in the Philippines is because of the growth of new franchise businesses, particularly in the food cart sector which had continuously grown even today. The reason why is because many of todays food cart businesses have become much more affordable. With only P20,000 Philippine Pesos, a Filipino can easily franchise a new food cart business.

Because of this, many Filipinos were given the chance to secure their future and the future of their family with starting up quickly based on a proven trademark, and the tooling and infrastructure as opposed to developing them.

Financial Support Programs Due to the increasing popularity of businesses in the Philippines, either franchise or from scratch, many loaning firms as well as banks have offered new Business loans Philippines that aim to offer Filipinos the financial support they needed to start a business of their own. BPI is one of the many banks in the Philippines today that can offer Business loans Philippines.

BPI Ka-Negosyo is one of BPIs financial support plans that aim to offer Filipinos the chance to start their lives anew or to improve their lives. BPI Home-Loan and Auto-Loan are some popular services by BPI, until Ka-Negosyo was founded to offer financial support for Filipino entrepreneurs.

Because of their Business loans Philippines services, many more Filipinos are finally given the chance to start their business without having to worry about the budget to be used for their business.

Outsourcing An Innovation for Business

If you are a business-owner, innovation is probably in the forefront of
your mind. If it isn’t it should be! In the ever-increasingly
competitive business environment today, entrepreneurs must work to
ensure that they stand out among their competitors.

It can be tempting to cut corners and try to find ways to beat out your
competition that end up sacrificing the quality of your product or
service, or give you a bad name in your industry. Always remember that
duplicating your competitors’ products, services or promotional methods,
is never a good way to try to remain competitive.

If you are in
a saturated or fully-developed industry, finding ways to innovate your
product can be difficult. But who says that you need to have a brand new
product?

Finding ways to innovate and be inspiring in the way
you conduct your business, is one of the best ways for you to make your
company stand out above the rest.

Now, you’re probably wondering how you can innovate the way you do business.

Like most other business owners, you probably have budget constraints
and human resource limitations. You can’t afford to invest in a brand
new factory, or hire top-of-the-line marketing or operations
consultants.

A great, cost-effective way to innovate the way you
do business is to outsource some of your human resource needs to
virtual assistants.

Outsourcing basically means contracting out
services that would normally be conducted in-house. You can outsource
almost any business process, like answering phones, technical
assistance, payroll, marketing, and accounting, just to name a few.

Here are just a few of the benefits outsourcing can create for your business:

It can save you money.

Managing staff can be a time-consuming and expensive process. Human
resource management requires so much more than hiring and firing, and
often business owners forget that. Outsourcing some of your staffing
needs to virtual assistants and other freelancers can be a great way to
cut down on some of your human resource costs.

Flexibility

The great thing about outsourcing to virtual assistants is that you can
hire them as you need their services. Short-term contracts are easily
negotiable, and you don’t have to worry about paying staff, even when
they may not be doing any work.

Expertise

Particularly
in the Philippines, where the virtual assistants industry is booming,
business owners can usually have their pick from a large pool of
professionals, with expertise in a variety of areas willing to freelance
with your company.

But how exactly does outsourcing add up to innovation?

It’s simple.

All of your cost-benefits from outsourcing some of your staffing needs
can greatly reduce your indirect costs, and these cost-advantages filter
down to lower the price of your product, and/or increase your profit
margin.

By working with professionals around the world who can
offer you their expertise in certain areas, you open your business up to
so many possibilities, opportunities and ideas for development.

Lastly, let’s not forget that outsourcing and hiring virtual
assistants, requires you to think strategically about your business and
your long-term goals.

Strategic thinking is golden in business development!

Read more: http://www.remote-agency.com/outsourcing-an-innovation-for-business/

How To Plan A Franchise Business In The Philippines

Putting one’s hard-earned money into a profitable investment is something that most people want to do. However, with the various investment vehicles today, a lot of us are at a loss of which is the right one to invest in. Having a business is a popular option when it comes to investments; however, starting one from scratch takes a lot of effort, time, and money. This is the reason why people who are keen to having their own businesses prefer to go for franchising opportunities instead of starting their own personal line of trade.

In a country like the Philippines where you cannot really tell how a start-up business will prosper after a few years, it is logical to go for something that has a recall with the public. This is the advantage that franchising has over new businesses. The fact that branding is what attracts a customer’s loyalty makes it easier for a franchise owner to maximize his returns.

However, it is important to note that while franchising is a popular way to have a business, it is something that cannot be done by just about anyone because it has its limits. When you franchise a brand name, you are limited to selling it the way the original owners of the franchise do, so if you crave control and dynamism to do whatever you want with your business then franchising may not be the best type of business for you.

On the other hand, if you only have a limited experience with business yet are amenable to follow the established system of the franchisor, then choosing to have a franchise will work to your advantage. One can indeed say that franchising is a path with low risk and a high potential return.

So, how does one start a franchise business in the Philippines? Firstly, you have to identify a brand name that sells. Remember it is very tough to maintain a position in the market but having a brand name that people trust gives you a competitive edge. The name of the franchisor itself is the biggest kind of advertisement you can give for your business so choose wisely. You also need to have interest in the particular business you want to franchise because once you start operating it, it will be on your mind 24/7. Bear in mind that it takes a great amount of passion to get the business running.

Once you know the kind of franchise business you want to invest in, the next step you have to take is to find a franchisor you want to strike a deal with. You can consult online franchising directories or local franchising magazines for information regarding the franchise opportunities in your area.

Lastly, before signing any agreement with the franchisor, make sure that you negotiate and understand all the terms regarding the franchise. You can even present your own business plan on how you plan to help the franchisor by improving your franchise outlet.

These are the general steps on how to start a franchise business in the Philippines. The success of a franchise outlet starts with a simple choice of getting the right kind of branding recall. Therefore, when you think of franchising, make sure that you put a lot of thought into this step more than anything else.

The Advantage of Franchising Business for Food-Cart Businesses

One of the most popular type of business in the Philippines today is franchise business. And this is because of its many benefits which made it simpler and easier compared to starting a business from scratch. So what are these benefits and advantages?

Advantages of Franchise Businesses There are many benefits of starting a franchise business rather than starting from scratch. Some known benefits involve the advantage of starting up quickly based on a proven trademark, and the tooling and infrastructure as opposed to developing them.

In addition to that, franchise businesses can also offer the convenience which will allow its franchisees to start their business without having to worry about their supplier or their consultant, or other important aspects of businesses. This is because their franchisors can also stand as their consultant and their supplier, making it easier for Filipino entrepreneurs to start their business.

However, other than just the benefit of starting-up quickly, there are also other reasons why franchise businesses had gained a lot of popularity in today’s market. And that is because of its affordability.

New Franchise Businesses and its Benefits Popular franchise businesses in the past are comprised of medium and large businesses from bakeries and convenient stores, to grocery and fast-food chains. Because of this, franchise businesses in the past can only benefit those that can accommodate its costs, such as wealthy families, corporations, as well as companies.

Today, a new breed of franchise businesses were introduced in the Philippine market which aims to offer many Filipinos to have the same opportunity that wealthy Filipinos have had in franchise businesses. This is when food-cart or food-stall businesses were introduced in the market.

Compared to larger franchise businesses, food-cart or food-stall businesses are far more affordable, allowing more Filipinos to own a business which they can easily gain profits due to its many unique benefits.

In addition to its affordability, food-cart businesses are also known for its many benefits which made these types of franchise businesses unique.

Although many of today’s franchised food-cart businesses are built to stay in one place, which is similar to other franchise businesses, there are many food cart businesses today which can be moved due to its size. This allowed its franchisees to choose which place can offer them the profitability they needed.

Business Loan Services What made franchise businesses even more popular is because of the support of many companies by providing them different business loan services which can offer financial assistance to Filipino entrepreneurs. A popular example is Ka Negosyo franchise and Business Loan services which can offer the kinds of services appropriate for their needs.

Ka-Negosyo is one of the few popular business loan service provider that can offer Fast cash loan Philippines which allows Filipinos to start their business quickly, particularly if their racing against time in securing a very important location for their food cart franchise business.

One of the most popular type of business in the Philippines today is franchise business. And this is because of its many benefits which made it simpler and easier compared to starting a business from scratch. So what are these benefits and advantages?

Advantages of Franchise Businesses There are many benefits of starting a franchise business rather than starting from scratch. Some known benefits involve the advantage of starting up quickly based on a proven trademark, and the tooling and infrastructure as opposed to developing them.

In addition to that, franchise businesses can also offer the convenience which will allow its franchisees to start their business without having to worry about their supplier or their consultant, or other important aspects of businesses. This is because their franchisors can also stand as their consultant and their supplier, making it easier for Filipino entrepreneurs to start their business.

However, other than just the benefit of starting-up quickly, there are also other reasons why franchise businesses had gained a lot of popularity in today’s market. And that is because of its affordability.
New Franchise Businesses and its Benefits Popular franchise businesses in the past are comprised of medium and large businesses from bakeries and convenient stores, to grocery and fast-food chains. Because of this, franchise businesses in the past can only benefit those that can accommodate its costs, such as wealthy families, corporations, as well as companies.

Today, a new breed of franchise businesses were introduced in the Philippine market which aims to offer many Filipinos to have the same opportunity that wealthy Filipinos have had in franchise businesses. This is when food-cart or food-stall businesses were introduced in the market.

Compared to larger franchise businesses, food-cart or food-stall businesses are far more affordable, allowing more Filipinos to own a business which they can easily gain profits due to its many unique benefits.

In addition to its affordability, food-cart businesses are also known for its many benefits which made these types of franchise businesses unique.

Although many of today’s franchised food-cart businesses are built to stay in one place, which is similar to other franchise businesses, there are many food cart businesses today which can be moved due to its size. This allowed its franchisees to choose which place can offer them the profitability they needed.
Business Loan Services What made franchise businesses even more popular is because of the support of many companies by providing them different business loan services which can offer financial assistance to Filipino entrepreneurs. A popular example is Ka Negosyo franchise and Business Loan services which can offer the kinds of services appropriate for their needs.

Ka-Negosyo is one of the few popular business loan service provider that can offer Fast cash loan Philippines which allows Filipinos to start their business quickly, particularly if their racing against time in securing a very important location for their food cart franchise business.

Franchise Businesses And The Philippine Economy

The success of franchising business in the Philippines didnt only contribute to the growth of the sector, but also the growth of the Philippine economy due to its demand among the wealthy as well as the average Filipino.

Franchise Businesses Today
Unlike in the past in which most franchise business in the Philippines were large businesses such as convenient stores and fast-food restaurants, most franchise businesses in todays market are small businesses such as food-carts and food-stall businesses.

Other than its relatively smaller size compared to convenient stores and restaurants, food-cart and food-stall businesses can also offer a relatively lesser expensive franchising cost, in which according to many business experts in the Philippines today, can go as low as 20,000 Philippine Pesos a franchise.

Because of its affordability, food-cart and food-stall businesses quickly became popular and in-demand in the Philippine market, in which many business experts have said, had largely contributed to the growth and success of the franchise industry in the Philippines.

Contribution to the Economic Growth of the Philippines
The growth of the franchise industry had also contributed to the growth of the Philippine economy, according to the PFA or the Philippine Franchise Association which is the pioneer and biggest franchise association in the Philippines. It is the voluntary self-regulating governing body for franchising in the country with 180 franchisors and allied members nationwide.

According to the PFA, due to the popularity of food-cart and food-stall businesses, the number of Franchising business Philippines in the country had significantly grown from 50 in the 1990s to over a thousand today.

This growth had also reflected on the growth of the Philippine economy. According to them, the massive growth of the franchise industry had created thousands of enterprises and generation of hundreds of thousands of jobs, making franchising an important tool in the countrys economic growth.

Other contribution include the entry into the international market of Filipino brands and concepts, development of the Fair Franchising Standards, which ensures just and mutually beneficial business dealings between franchisor and franchisee, and the growth of the Philippines as the franchise hub of Asia when it comes to the development of franchise concepts.

Franchise businesses, according to many business experts, had also become a popular solution to poverty, in which many Filipinos had invested in acquiring a franchise of a small food-cart business so as to secure their future and the future of their family.

The government had also used franchise businesses as their solution for OFWs or Overseas Filipino Workers who chose to stay in the Philippines with their family rather than to work abroad.

Franchising Trend In The Philippines

A popular business trend in the Philippines today is franchising. And the reason why it gained a lot of popularity is when a number of franchising companies had introduced a new form of franchise business, which is the popular food-cart or food-stall business.

Franchising Trend in the Philippines

History

Franchising business Philippines had only gained a lot of popularity and recognition a few years ago, this unique business process was already practiced in the past, mostly by large companies and corporations as well as wealthy companies.

The reason why the business wasnt as popular or as widely recognized all over the Philippines is because of the kinds of businesses available for franchising in the most. According to many business experts, most franchise businesses in the past are large establishments such as fast-food restaurants, convenient stores, bakeries, grocery stores, and many more.

Eventually, new forms of franchise business were introduced in the country, and part of what made these franchise businesses popular is because of its affordability. This is when food-cart or food-stall businesses were introduced in the Philippine market.

Franchising of Today
Because of the introduction of new franchising concepts, which is not only simple but also affordable, many Filipinos were able to get the same opportunity that many wealthier Filipinos have had with franchising, such as the opportunity of starting a business based on an already established brand name, allowing its owners (or franchisees) to gain more income compared to start-up businesses.

Because of its affordability compared to other forms of franchise businesses in the past, food-cart franchise business Philippines quickly became popular in the market. And because of the growing competition between different food-cart businesses, its costs had continuously dropped in which many of todays popular franchise businesses can now be acquired for less than P30,000 Pesos.

Eventually, food-cart franchise business Philippines have quickly spread all over the Philippines, not only in Metro Manila but also in many provinces as well as in the rest of the country.

Contribution of Franchise Businesses for the Economic Growth of the Philippines
Because of the continuous growth of franchising in the Philippines, the industry had created thousands of enterprises which generated hundreds of thousands of jobs, making franchising an important tool in the countrys economic growth.

Jollibee’s Red Ribbon Cake

One of the many reasons why Jollibee Food Coporation became so successful in the fast-food service industry is because of its expansion through several acquisitions. Among of its acquisition is Red Ribbon Bakeshop, a popular fast-food chain and bakery in the Philippines and the United States, offering a wide range of cakes and pastries.

Red Ribbon Bakeshop, or simply Red Ribbon, has been in the bakeshop industry even before the success of Jollibee Food Corporation. The chain started out as a hobby in 1979, in Quezon City along Timog Avenue. It begun its foreign expansions when they opened a Red Ribbon Bakeshop in West Covina, California in 1984 where Filipino expariates mostly lives.

After its successful endeavor abroad, Red Ribbon then started on franchising their brand in the Philippines in 1999. This then lead Jollibee Food Corporation to learn of the many opportunities for growth and success with Red Ribbon Bakeshop. And in 2005, Red Ribbon was acquired by Jollibee Foods Corporation, a conglomerate of popular fast-food chains in the Philippines.

From a hobby induced business, Red Ribbon Bakeshop has grown to over 170 outlets all over the country and 19 stores in the US. It currently has 6 commissaries nationwide and 3 in the US. Since its acquisition, Red Ribbon entered a new phase in its company history. The company will soon become the biggest and fastest-growing bakeshop in the Philippines. Its mission is to bring the joy of eating to everyone through its great-tasting food and superior quality.

Today, with Jollibee Food Corporation’s endless innovation and support, Red Ribbon Bakeshop became a household name when it comes to offering the widest and most delectable collections of premier cakes for Filipinos and foreigners alike. Because of the demand for Red Ribbon cakes, some online gift shops have also come to sell cakes from Red Ribbon. Such online gift shop includes Express Regalo.

Express Regalo was developed and launched to provide Filipinos abroad a fast, reliable, convenient and hassle-free way to shop and send gifts to their loved ones in the Philippines. Express Regalo is owned and operated by eLBC Direct, Inc., an LBC company that is dedicated to providing Filipinos overseas access to products and services apart from the traditional products offered by LBC.