Although food franchises remain one of the most popular business ventures in the Philippines, certain considerations and standards must be met to ensure success in this very competitive industry.Tess Ngan Tian, president of Lots’a Pizza, one of the country’s most promising franchise brands, said the food business is one of the more riskier concepts as it deals with feeding people. “If you are not careful, you can get into a lot of trouble. The food industry is a very delicate business venture that one must approach with caution,” Ngan Tian told the Entrepreneur.com.ph.
To have a thriving food business, Ngan Tian shared five pitfalls to avoid:
1. Safety issues
The delicate nature of the food industry is quite obvious as a case of food poisoning can ruin the chances of your business to succeed and also shut down your business. “You will have added expenses from your clients if you are not careful in handling the food, and you will also face problems with the health authorities,” Ngan Tian said.
2. No copycats
Undoubtedly, you are just one of the million people thinking of going into the food business and your concept may turn out to be just like one of theirs. It is prudent, therefore, to think of something new and something fresh.