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Franchising

Franchise Talk: Should I Open New Stores or Expand Through Franchising?

There is no one-size-fits-all solution to expansion

There comes a time in the life of a company that an inevitable question comes: with the success of my business, how can I expand to new branches and locations? There are two main expansion routes that corporations take. The first is ...

by Sam Christopher Lim  | April 16, 2017 11:00:00
Franchising

5 things to consider before you open more locations

Opening more units can equal big bucks, but only if it is done right.

There is no thrill quite like running a successful business—and no failure quite as painful as thinking you can replicate it, only to fall short and risk losing it all. Launching a single successful business is hard enough, but once you have ...

by Kyle Zagrodzky  | July 18, 2016 06:00:00
Franchising

Hukad sa Golden Cowrie: From Cebu, Metro Manila, to the world

The Cebu-based restaurant takes a calculated risk as it spreads its wings to Luzon through franchising.

 With a target of reaching 100 stores both locally and internationally, Hukad sa Golden Cowrie has come a long way from its humble beginnings in Cebu in 1982.Kenneth Kokseng, managing director of Hukas sa Golden Cowrie shares some insights on what it ...

by Sam Christopher Lim  | May 26, 2016 07:00:00
Run & Grow

How Dahlia Dy brought South Star Drug from Naga City to nationwide

She started in the family business when she was 10, and moved her way up to become the drugstore chain's president and managing director.

TIGER LADY. “I’m a tiger already; I know my way around,” says Dahlia Dy, managing director of South Star Drug. Photo by Jason Quibilan / Entrepreneur Philippines Nothing much fazes Dahlia Dy anymore when it comes to running the drugstore business her parents started ...

by Maricris Carlos  | March 12, 2016 05:00:00
Run & Grow

Restaurant-bar chain's founder shares insights about international expansion

Learn from the overseas expansion of this homegrown restaurant-bar chain.

Stories of Filipino achievement in foreign shores have become common, and the notion of finding fortune or success overseas is pervasive. This is true even among Filipino brands and companies that have made it big in the homeland. Many have been expanding ...

by Maren Hogan and Entrepreneur Staff  | May 07, 2015 05:00:00
News and Events

GEOX launches 2015 Spring/Summer collection

This Italian shoe and clothing brand continues product innovations that make it distinctive compared to others.

The brand behind the tagline 'the shoe that breathes' has launched its shoe and clothing line for this year's spring and summer seasons. GEOX, founded by Italian entrepreneur Mario Moretti Polegato, is known for having products that provide comfort and functionality while ...

by Press Release  | March 11, 2015 11:00:00
Startup Tips

Look before you leap

Before expanding your business, you should first consider and assess the possible risks.

Q: I want to supply ready-to-eat meals at convenience stores. Right now, I supply to school cafeterias. But I feel I can earn more if I supply to convenience stores instead. Should I go for it?A: It is always nice to expand ...

by Henry C. Ong  | December 18, 2014 10:30:00
Startup Tips

Budgeting expansion

Working capital should be differentiated from capital needed for expansion. Operating cash should not be used to fund business expansion.

Q: I recently started a next-day delivery service using two bike messengers with minimum capital (P100,000) since I thought I could just roll over the funds I earn from the business. However, to cover more area, I think I have to buy ...

by Henry Ong  | February 06, 2014 01:00:00
Franchising

Franchising for expansion

Mention the word franchising and most enterprise owners looking to grow their business would probably tell you they have, or still are, thinking of it as an expansion tactic. And why would they not, as franchising seems to guarantee a steady and proven way of making money.

Mention the word franchising and most enterprise owners looking to grow their business would probably tell you they have, or still are, thinking of it as an expansion tactic. And why would they not, as franchising seems to guarantee a steady and ...

by Entrepreneur Staff  | October 21, 2013 10:00:00
Startup Tips

4 steps to growing your business

Growing a business is just as hard as starting it, so it\\\'s best to plan for its takeoff point

Any entrepreneur would tell you that growing a business can be just as or even more difficult than starting one. There can be many more options to consider, challenges to face, and much more to lose if expansion fails.This notion is not ...

by Jackie Sierda  | December 05, 2012 04:00:00
Startup Tips

Making it big in Metro Manila

Thinking of setting up in Metro Manila? First consider pricing, distance and support before making that move.

Some franchise businesses that started outside Metro Manila – like Plato Wraps, Colette’s, Buns and Pizza, Kuya Chito’s Takuyaki and Wrap it Up! have conquered the big city, while some others remain wary of making such a move. Rudolf Kotik, founder of ...

by Mishell M. Malabaguio  | July 11, 2012 10:00:00
Startup Tips

Changing your corporate culture as your business grows

When you add manpower to your growing business, substantial changes in the organization need to be made

Orders are pouring in, your employees are working at maximum capacity, you?ve ordered additional equipment, and you know you need to take on additional manpower to help fulfill demands. This is good news, of course, because these are signs your firm?whether you ...

by Mari-An C. Santos  | June 04, 2012 05:00:00
Startup Tips

Knowing when to expand your business

Does upbeat economy also mean expansion?

Q: With the recovery of the local economy, is it safe to expand business now?A: Yes. It is a good opportunity for any business to expand when there is a clear sign that the economy is recovering.When an economy expands, there is ...

by Henry Ong  | April 26, 2012 04:00:00
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