Success Of Small Franchise Businesses

Franchise businesses had become a popular trend in the Philippines, according to many business experts. The reason why is because of todays available franchise businesses which aims to offer the same opportunities that wealthier Filipinos have had with franchise businesses. This is when food-cart and food-stall Franchising business Philippines became popular in the country.

Success of Small Franchise Businesses
According to many business experts, franchising had long been practiced in the Philippines though it was only recently that type of business process became popular. The reason why is because most franchise businesses available in the past were large businesses such as convenient stores and fast-food restaurants, in which only the wealthy, as well as companies and corporations, can only afford.

Because of this, franchise businesses were only available for those who can afford one. However, this was until food-cart and food-stall businesses became popular in the Philippines, according to many experts, which had also brought success to the franchise industry of the Philippines.

So what made these small franchise businesses successful?

Inexpensive Franchise Cost
One of the many reasons why small franchise business Philippines such as food-cart and food-stall businesses became popular and in-demand in the market is because of its far lesser expensive franchise cost.

Although still expensive, in which a successful food-cart franchise business today can cost around 250,000 Philippine Pesos, this is far cheaper compared to the franchise of a large successful business such as convenient stores and fast-food restaurant.

Unlike larger businesses, which require larger commercial space and construction, most food-cart and food-stall businesses seldom require any construction, though it will still require a high foot-traffic location, though not as large as what requires of a fast-food restaurant.

Simplicity
In addition to its affordability, franchise businesses are also known for its simplicity in terms of requirements.

Most franchise businesses, particularly larger businesses, normally require credentials of the franchisees capability in handling a business, such as years of experience in a managerial position, or have attained an MBA.

Small franchise businesses, however, doesnt usually require such credentials, which is also the reason why it made it easier for more Filipinos to acquire a food-cart and food-stall franchise business.

Because of its affordability and simplicity, these types of franchise businesses quickly became successful in the Philippines, particularly now that food-cart and food-stall businesses had widely spread all over the Philippines.

Popular Franchising Trend In The Philippines

Franchising is a popular trend in the Philippines today, particularly now that many Filipinos have started their own businesses through acquiring a franchise. A popular example of a franchise business today is food-cart or food-stall business.

Franchising Trend in the Philippines
Although it was only a few years ago in which franchising gained a lot of popularity in the Philippines, this specific business process has been in the Philippines for decades. It was because of this unique business process that many foreign businesses were established in the country, such as 7eleven and McDonalds.

Today, because of new Franchising business Philippines that requires lesser costs and maintenance, such as the popular food-cart or food-stall business, many Filipinos were able to acquire a franchise business for themselves. And it was because of this that franchise businesses became a popular trend in the Philippine market.

Why Food-Cart Businesses?
Like many other popular types of franchising businesses, food carts started as individual businesses owned by individuals. However, a number of franchising companies in the Philippines foresaw its success as a franchising business and started to acquire the rights of these businesses from their owners, while other food-cart business owners had also started their own franchising.

Since then, a new concept of franchising business was introduced in the Philippine market which aims to accommodate the needs of the average Filipino. This is the food-cart franchise business which is now considered as one of the most popular and in-demand franchise business Philippines. So what are its advantages?

Affordability One reason why these types of franchise businesses became popular is because of its affordability, in which many of todays food-cart franchise businesses can be acquired for no more than P25,000 Philippine Pesos.

Simplicity Another reason why these franchise businesses became popular is because of its simplicity which requires lesser maintenance costs and effort. And because of its relatively small size, these businesses can also be easily manned by one or two personnel, which make these businesses even more popular in the country.

Success of the Franchising Industry
According to the PFA, or the Philippine Franchising Association, the franchising industry had grown immensely since the start of food-cart or food-stall franchise businesses in the Philippines. Because of its affordability, many Filipinos were able to start their own successful and profitable business through franchising.

Businesses For The Masses Franchising Business Philippines, Franchise Business In The Philippines

What are the advantages of franchise businesses? According to many business experts, franchise businesses had gained a lot of popularity in the Philippines today. The reason why is because of a number of new franchise businesses available today which aims to give the same opportunity that wealthier Filipinos have had with franchise businesses to the less wealthy Filipinos.

Small Franchise Businesses
The growth of food-cart and food-stall businesses is not only because of its affordability, but also because of the many franchising enterprises in the Philippines that offer lesser expensive Franchising business Philippines deals to Filipinos. So what are the differences between starting ones own small business from acquiring a franchise?

Less Effort in Marketing and in Profiteering
One reason that makes franchise businesses more popular compared to starting a business from scratch is that franchises allow its franchisees to use their successful business-model for their own gain. This makes it easier for franchisees to gain as much income as other businesses have had in years, which would normally take a lot of time and effort for a start-up business.

Simpler Business to Handle
Another advantage of franchising is that it allows people to start their business with everything they needed, from the marketing paraphernalia they needed to make their business known, to the equipment, uniform, and stock to be used for their business. This is much simpler compared to starting a business from the ground which will require their owners to look for a reliable supplier which will give them the stock they needed as well as their equipment.

Benefits of Smaller Franchise Businesses
The popularity of franchise business in the Philippines was due to the rapid growth of food-cart and food-stall businesses. This is because of the kinds of benefits that these businesses can offer to its residents that made these types of housings even more popular and in-demand in the market.

Lesser Expensive Franchise Cost
One reason why franchise business had gained a lot of popularity and demand in the market is because of its lesser expensive franchise cost. Compared to larger franchise businesses, such as convenient stores and fast-food restaurants, food-cart and food-stall businesses are far more affordable, in terms of franchise cost as well as the cost for its construction.

Far Simpler Business
Unlike larger franchise businesses, food-cart and food-stall businesses dont require any experience to manage and to make it grow. Unlike larger franchise businesses, these small businesses normally dont require their franchisees to have worked in a managerial position for years, or have acquired an MBA to acquire a franchise deal.

Popularity Of Food-cart Franchise Businesses In The Philippines

What are the kinds of businesses are popular in the Philippines today? According to many experts, franchise businesses had become a popular trend in the Philippines. And part of the reason why businesses is because of the many new franchise available in the market, such as food-cart and food-stall businesses which are considered today as some of the most wide-spread businesses in the Philippines today.

Popularity of Franchise Businesses in the Philippines
According to many experts, franchise businesses became popular in the Philippines because of the many new franchising concepts which gave Filipinos the opportunity to own a profitable business. This is when food-cart and food-stall businesses were introduced in the Philippine market. And unlike other franchise businesses, these franchises are far simpler and smaller.

Benefits of Small Franchising Businesses
Unlike in the past in which most franchise businesses in the Philippines were large businesses, such as convenient stores, fast-food restaurants, and many more, food cart-and food-stall businesses are smaller, which could only occupy a small space in a high foot-traffic location, such as in malls, shopping centers, bus and train terminals, and even in wet markets and sidewalks.

Because of its versatility and flexibility, these types of franchising businesses became popular among many Filipinos who are looking for a simple business that they can easily manage by themselves.

But other than its simplicity, another reason why food-cart and food-stall businesses became popular is because of its lesser expensive franchising cost compared to other franchise businesses in the Philippines, allowing more Filipinos to have the same opportunities that many wealthier Filipinos have had with Franchising business Philippines.

No Requirements Needed
Unlike larger franchise businesses, which normally requires one to have experience in management as well as have attained an MBA, these small and simple franchise businesses usually don”t require anything other than the franchising fee. And although its more expensive than starting a business from scratch, these businesses, however, can offer Filipinos the profitability that start-up businesses usually lack.

Business Loans for Franchise Businesses
Business loans had also gained a lot of popularity in the Philippines because of franchise businesses. A popular example of those that offer such services is Ka-Negosyo (business-partner) by BPI. It is a branch in BPI which give Filipinos the advantage of franchising a business, or starting their own business, by giving them the capital they needed.

Ka-Negosyo is one of the few popular loan firms in the country that can offer Fast cash loan Philippines which gives them the opportunity to acquire their capital faster compared to other loan firms in the Philippines.

Business Financial Support from BPI

Setting up a business requires a lot of capital. Although theyve already made a concrete business plan that indicates all expenses for the business, it is still important to set aside a budget which will be enough to cover the kinds of emergency expenses for setting up a business.

From the Expert According to business experts, building a concrete business plan isnt enough to cover the kinds of expenses which will suddenly show up once they had started their business. A popular example is franchise businesses. Although they have already put up the total cost of the franchise, there are still a number of expenses that the franchisee would have to cover, such business permits and taxes.

There are also other unforeseen expenses which would require them to go above their planned budget for the business. This is the reason why its very important to have a ready budget once an emergency happen while starting up the business.

Because of this, a number of loaning firms and banks have set up a financial service plan to support Filipinos in their endeavors in starting a business. One of the most popular is BPI and their Fast cash loan Philippines services.

BPIs Ka-Negosyo: Supporting the Filipino Business BPI or Bank of the Philippine Islands is a premier bank in the Philippines that has long been in the service to make the lives of Filipinos easier. This is by offering them loaning services such as their Home-Loan and Auto-Loan services.

Today, however, BPI had offered a new service known as the Ka-Negosyo financial services which aim to support Filipinos in their plans for starting their own business, or franchising a business by offering them Fast cash loan Philippines services.

Supporting the Business Industry Businesses had become a very popular trend in the Philippines, particularly because of the many new business opportunities in the market, such as with franchising. But to make things a lot easier, many loaning firms, such as BPI, had offered Filipinos with financial services that aim to support their business plans.

However, other than that, their services are also known to offer Fast cash loan Philippines which will support Filipinos with their emergency expenses either because of starting up their business, or because of expanding their business, allowing them to make the best of their businesses without the worry of shortage in their budget.

BPI and their Ka-Negosyo Business Financial Support

Have you noticed that the number of food cart businesses in the Philippines today had increased? The reason why is because many Filipinos had started their own food cart business by either franchising a business or starting their own from scratch.

Other than food carts, there have also been other popular businesses that many Filipinos had started in the hopes of improving their lives and securing their future. It is because of this thought that BPI had started a new service which would allow Filipinos to start their own business through financial support. This is through their Ka-Negosyo Bpi business loans.

BPI Ka-Negosyo
BPI or Bank of the Philippine Islands is a premier bank in the Philippines, particularly because it was the first bank to be established in the Philippines. Owned by Ayala Corporation, it is currently ranked as the third largest bank in the Philippines in terms of assets, market capitalization, and the most profitable bank in the country. And part of the reason why BPI became successful is because of the Filipino people.

To return the favor, BPI is one of the many banks in the Philippines that offered a chance for Filipinos to quickly own a house or a car without having to invest hundreds of thousands of Pesos in one sitting. This is because of their BPI Home-Loan and Auto-Loan services.

However, other than their home and auto loan services, BPI had also introduced a new service which aims to offer Filipinos the chance to own a business by supporting them financially. This is through their Bpi business loans, popularly known as the Ka-Negosyo business service.

BPIs Ka-Negosyo aims to provide Filipinos with the chance to start their own business through financial support along, while maintaining lower interest rates which could allow Filipinos to enjoy their income from their business. Other than helping them start or franchise a business, Bpi business loans can also offer financial support for those planning to expand their business, or fast-cash loans for emergency purposes.

Contributing to the Business Industry
Because of loaning firms and banks, such as BPI, many Filipinos today can easily start or franchise a business without having to worry about the budget. This is turn led to the growth of the business industry, particularly the franchise industry, of the Philippines, in which the country had gained tremendous popularity and recognition in Asia for its efforts in providing the best franchise conception in the market.

Philippines Franchising Business

Over the past years, franchising has become one of the fastest routes to business success in the Philippines. Both local and foreign brand names find themselves in a tight competition to gain a sizeable margin of the Philippine market. The franchising industry has also contributed significantly to the growth of the economy in the Philippines.

Franchising can be viewed from two perspectives: the franchisee and the franchisor. For the franchisee, a franchise is like a business wrapped in a package, with all the goods, services and operating manual in it, ready for roll out and operation. Counting on the elements of a well-established brand name and a tried-and-tested system of running the business, the franchisee receives many benefits, including access to information and technology that comes with the business, training and tech support of all aspects of the system, and the fact that a name that has already built its reputation for a number of years is a lesser risk than building a name from ground zero.

Franchising, from the franchisor’s point of view, has a different meaning. It presents an opportunity for business expansion; something that would have been difficult is done by them. Franchising for them is convincing the buyer (the franchisee), that their business is a good buy and worth investing in. Having a franchisee ran an outlet of their business means they can extend their products and services to more people in a wider coverage.

Buying and selling a franchise business in the Philippines is governed by the Philippine Franchise Association. This body gives guidelines and policies to regulate and promote fair practices on franchise activities by both local and foreign brand names. It is also tasked at providing assistance to franchise holders and buyers like financial programs, seminar workshops and information dissemination.

So much does a franchise cost in the Philippines? That would depend on a number of things, like the type of product or services offered, the size and location of the intended franchise outlet, layout / design of the outlet, beginning stock inventory, facilities and equipments needed along with its operating and maintenance cost, insurance and other pertinent expenses. Other equally important matters to consider include the franchise fee, training programs that the franchisor would be providing, royalty fees, feasibility studies to be conducted, marketing campaigns and advertisements.

Franchise for food cart businesses are generally cheaper to acquire, and prospective buyers can start owning these for as low as fifteen thousand pesos to an average cost of one hundred thousand pesos, depending on the type of food being sold and the size of the cart. A water refilling systems cost around two hundred to five hundred thousand pesos to operate. Other bigger franchise, like gasoline stations and food manufacturing and retail business, can go as high as five to ten million pesos, but the returns are well worth the investment.

Advantages Of Franchise Businesses In The Philippines

Franchising is a popular trend in the Philippines today, and one of the many reasons as to why it gained a lot of popularity among Filipinos is because of its many opportunities. Here are some of those:

Quick ROI (Return of Investment)
One of the many popular benefits of franchise business Philippines is because of its faster ROI or Return of Investment compared to start-up businesses. Part of the reason why is because franchised businesses have already established a name in the market which makes them reliable in their market, unlike that of starting a business from the ground-up which would take a lot of time and effort.

Successful Business
In addition to its faster ROI, another reason why franchising became popular in the Philippines is because of its successful business model. According to business experts, the main advantage of franchising is that it allows its owners to start up quickly based on an already proven trademark, which is unlike that of starting their own business from scratch.

Lesser Maintenance Efforts
One of the reason why franchise business in the Philippines had gained a lot of popularity in the Philippines is because of its lesser maintenance efforts, particularly for food-cart or food-stall businesses. The reason why is that all of its marketing efforts as well as branding had been arranged by its franchisor. Some franchisors in the Philippines would even offer their services to register their franchisees business and arrange all its legal papers. This makes it easier for Filipinos to start their business quickly.

Availability
Another popular reason why franchise businesses had gained a lot of popularity in the country, particularly with food-cart or food-stall businesses in the Philippines. Because of hundreds of franchising companies in the Philippines that offer different brands of franchise businesses, particularly food-cart businesses, Filipinos have the freedom to choose which business suits their passion. Such as if with foods, Filipinos can choose from a wide variety of food-stuffs.

Business Loans
In addition to other benefits, business loans are also the reason why franchise businesses had gained a lot of popularity. A popular example is Ka-Negosyo by BPI.

Ka-Negosyo can offer flexible business loans which offers its clients choices of which plans can accommodate their franchise business Philippines needs, allowing it to cover the franchise cost itself, as well as its overhead expenses, such as its legal papers and registration, rent for its location, as well as its construction (if needed).

Yellow Balau Its Remarkable Properties

Decking supplies in Melbourne have a vast selection of high quality timbers. One of the quality timbers in Melbourne is the yellow balau which is proven to be 50 per cent stronger than oak. It is also known for its outstanding flexibility.

After the yellow balau tree is cut, the woods takes a long time to dry. Its strength increases when it is dry.

The main factor for its longevity is its strength. A certain specie of the yellow balau, the Shorea maxwelliana was found to have lasted for more than one decade. The untreated yellow balau wood was used in a graveyard. It is a quality wood because it has a high level of resistance from pests and weather. This wood is also resistant to any preservative treatments. Otherwise, it could last for, may be more than 20 years.

This is a wood found mostly in different regions of Asia like the Philippines, Indonesia, Vietnam, Thailand, Cambodia, Burma, India, and Malaysia. This timber is commonly used for the construction of bridges, staircases, door and window frames, cabinets and heavy duty furniture, and some parts of automobiles.

Its appearance is yellow-brown that is why it is named yellow balau. During its growth stage, its first layer is yellow or grayish brown, while the outer layer is light yellow. The outer layer will turn silver or gray after a long time of exposure to air and water. When the heartwood is also exposed to the elements, its yellow or gray color turns dark brown.

Since the yellow balau is naturally strong, it is therefore very difficult to cut it unless it is freshly cut. But the smoothening and the flattening of this woods is relatively easy when done before the wood dries. Drilling holes on the wood should also be performed when it is freshly cut.

However, since the yellow balau dries slowly, it tends to have some cracks on its surface. The outer layer of the wood is also susceptible to fungus and other beetles. It also tends to acquire some molds. However, the heartwood is extremely resistant to pest invasion and other infections. Old yellow balau trees are not highly recommended for construction supplies because their heartwood are soft making them vulnerable to damages. This is why yellow balau trees that are a bit younger are best since their heartwood are undamaged.

In spite of that, the yellow balau retains its image to be one of the best timbers in Melbourne.

The Basics Of Franchising In The Philippines

Today, the people who have the money to invest are at a loss on the correct type of investment to get into. This is because they do not want to throw their hard-earned money into something which will not be profitable in the long run. One popular investment option that these people are leaning to is having a business. But as much as they would like to start from scratch, everything about starting a business is a painstakingly effortful process consuming both money and time. This is the main reason why an investor would rather go for a franchise rather than establish one of his own.

This goes true even in a country like the Philippines. With the economic fluctuations, it is indeed better to be associated with something that is already popular with the public instead of breaking through with a new and unknown product. This is what franchising can give an investor a known brand with a good recall. With these characteristics, he is sure that he will get the most out of his investment in a short span of time.

Yet even with this, the concept of franchising is not for everybody. True, it is an easy way to earn, but the fact that you have to abide to certain regulations on how you should run the business can limit your own dynamism and creativity. Once you franchise a brand name, you have to run it the way the franchisor does with his business. If you want to have the freedom to operate a business the way you want to without having to follow any kind of rule, then franchising is not for you.

However, if you are looking for something that will give you the path of least resistance in business, you can give franchising a try. As a fact, it is a method of business which is perfect for those who have little experience in trade. With an established system in place, all you have to do is abide by the system and you will start earning.

Going into a franchise business in the Philippines is easy. You just have to remember some general steps to direct you to the right path. The first thing you should do is to select a product that is popular in the market. Simply stated, it should be something that the sells. Since the industry is very competitive, you have to get a brand name that people trust. This way you will easily edge over your competitors. In franchising, the name you carry is the biggest advertisement for your business. Therefore, it is a must that you choose the franchise that you want carefully. Another consideration you have to make is that you have to have an interest in the business you want to franchise. Running a business is hard work and if you aren’t interested in it, you will get nowhere.

Granting that you already know the type of franchise business you want to have, the next step in the process is the selection of a franchisor. To do this, you can check out information found in your local magazines or in online directories for franchising opportunities specific to your area.

Before signing any kind of agreement, it is imperative that you understand the terms set out by the franchisor. You can also negotiate and present your own business plan to the franchisor so that you reach a win-win situation regarding the franchise terms.

Basically, these are the general steps of going into a franchise business in the Philippines. Remember, the successful returns your franchise outlet will give you are because of customer loyalty so take the selection process in stride. Make sure that you do have a brand that people trust.