What Made Businesses Popular in the Philippines

Loaning is usually an indispensable part of starting a business, particularly for larger businesses. And because of todays popular trend of starting ones own business in the Philippines, there have been a number of new loaning firms that offers their services for Filipinos planning to start their own business. A popular example is Bpi business loans.

What Made Businesses Popular in the Philippines? One of the many reasons why businesses had become a very popular trend in the Philippines is because of the many business opportunities introduced in the country, particularly in franchising. According to business experts, franchise businesses had become popular trend in the Philippines, particularly with the food cart franchise business.

According to the Philippine Franchise Association, or PFA, the number of franchises in the Philippines had grown from 50 in the 1990s, to over a thousand in todays modern trends. Part of the reason why is because of the many business opportunities that franchise businesses had posed. One of them is because of the benefit of success.

The success of the franchisor is also the success of the franchisee. The benefit of franchise businesses is that it allowed people to start up quickly based on proven trademark as well as the tooling and infrastructure compared to starting a business from the ground-up. These are some of the reasons why franchise businesses had become a very popular trend in the Philippines.

However, there are those that had been unable to start a business of their own, or even franchise a business even though the availability of most food cart franchise businesses are aimed for the middle class of the Philippines. It was because of this that loaning firms and banks had started their own service which aims to assist Filipinos in their business endeavors, such as Bpi business loans.

BPIs Business Loan Services BPIs Ka-Negosyo business loan service is one the latest addition to BPIs financial assistance services which aims to provide Filipino entrepreneurs a chance to start their own business or to franchise a successful business for their own welfare.

Other than their Home-Loan and Auto-Loan services, Bpi business loans offers a chance for Filipinos to start their own business without having to worry about shortages in capital and in overhead costs. Their services can also cater to the needs of many entrepreneurs that plans to expand their business, but lacks the necessary funds to start it. They can also offer fast cash loans for emergency purposes.

Because of the continuously increasing popularity of businesses in the Philippines, either from the ground-up or franchise businesses, as well as the continuous financial assistance that BPI had offered to the Filipino people, many of todays Filipinos can now rest easy that their futures will be secure with their successful businesses.

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

Philippines Finest Red Ribbon Bakery

When it comes to bakeries on the Philippines, there are always two that divide the Filipino flavor, and that is with Goldilocks Bakeshop and Red Ribbon Bakery. Many Filipinos, especially the older generations, preferred Goldilocks rather than Red Ribbon. This is because of its years worth of trust and loyalty to provide the best collection of cakes since the 1960s.

Nowadays, Red Ribbon vies for the taste of Filipinos by providing some of the most delectable collections of cakes. From its simple humble beginnings as a hobby-induced business, Red Ribbon 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.

Brief History of Red Ribbon Bakery

Red Ribbon Bakery, or popularly known as simply Red Ribbon, is a Filipino-owned bakery and a professionally-run business network. Red Ribbon specializes in selling different kinds of cakes, pastries, and other food products such as lasagna, deep fried chickens, carbonara, palabok, and the all-time Filipino favorite dish, spaghetti.

Red Ribbon started as a hobby-induced business in Quezon City along Timog Avenue in the 1970s that first specialized in providing different kinds of cakes and pastries. After their success in delivering great tasting cakes for Filipinos, the owners decided on expanding their success from another country.

Red Ribbon opened their first US branch in 1984, in West Covina, California, where Filipino expatriate commonly congregate.

After their success on serving Filipinos and foreigners alike in California, Red Ribbon focused on franchising. The business started their franchise on 1999 that also expanded the popularity of Red Ribbon in the Philippines. This gained the attention of the ever so popular Jollibee Food Corporation.

In 2005, Red Ribbon was acquired by Jollibee Foods Corporation, a conglomerate of popular fast-food chains in the Philippines. With 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.

Now there are two kinds of bakeries that every Filipino can choose from. Its either from Goldilocks or the Red Ribbon Bakery. Each specializing in providing the best taste of cakes that every Filipino in the world craves for.

Air21 Vs. 2go Vs. Lbc

Looking for the best philippine courier service around the country? The best usually tends to be the longest running company known for its unwavering service and years worth of trust. But what company in the Philippines that perfectly fits that description? There are currently three courier companies in the Philippines that would fit that description, these are AIR21, 2GO, and LBC. So what are these companies?

AIR21
Devoting themselves to answering the logistics needs of individuals, organizations and businesses in the Philippines, AIR21 have created a number of logistics services that range from door-to-door delivery, sea freight, crating, warehousing and trucking. AIR21 is under the flagship of Airfreight 2100, Inc., the exclusive licensee of Federal Express Corporation in the Philippines. It serves all the pick-up, customs clearance and delivery needs of FedEx in the country. It was given sole authority to use the Fedex trademark. From then on, AIR21 chartered a course that has led to its dominance of the countrys freight forwarding industry.

2GO
2GO is a philippine courier service founded by the Aboitiz group, a group of corporations spanning through various industries in the Philippines such as power, banking, food production, property development, construction, shipbuilding, and leisure/resort. The Aboitiz name has been synonymous with transport since it embarked on its first shipping venture more than 100 years ago. Today, it is the largest inter-island movers of passengers and cargo in the Philippines. Because of its founder, 2GO leverages on unsurpassed local knowledge from over a hundred years of experience and a passion to consistently deliver cargo and information on time while offering simplified solutions to meet the most complex requirements.

LBC
LBC, or Luzon Brokerage Corporation, was founded back at post World War II as a brokerage agent that grew into one of the longest running philippine courier service. Today, with over 600 strategically located branches nationwid, 60 branches in the United States and Canada, 4 offices in Hong Kong, and 8 others strategically situated in Brunei, Malaysia, Singapore and Taiwan, LBC has become a respected leader offering fast and reliable Express Courier and Money Remittance service throughout the country. Along with their other expansions, such as Express Regalo (an online gift shop) and Flowers Express (an online flower shop), LBC furthered its quality of service to Filipinos in and out of the country.

These are some of the information found on their websites. So its up to you to choose which better suites your preferrence that would perfectly fit that description.