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Franchising

How to fix franchise territorial conflicts

If your franchiser opens an outlet near a branch that you already operate as a franchisee, here are some options available to you

One of the hottest issues in franchising today is territorial conflicts. In the United States, in particular, this issue has been the cause of so much litigation between franchisers and franchisees. Although it has not gotten to that level in the Philippines, ...

by Erlinda Bartolome  | September 17, 2013 10:00:00
Franchising

Ministop Philippines: A true business partner

Ministop Philippines prefers to call its franchisees \\\'business partners\\\' with whom it shares not only the investment in the business but the risks as well

Ministop Philippines, a chain of 24-hour convenience stores that operate as a grocery and fast food diner combined, has a core business policy that is has given the acronym QSC+A. It stands for "Quality, Service, Cleanliness and Assortment/Availability," five customer service targets ...

by Michelle Cortes  | April 19, 2013 01:00:00
Franchising

Franchise 101: The terms

A glossary of franchising terms

Are you looking for a franchise brand to buy? It pays to know as much as you can when opening a new business. Here are the terms commonly used in the industry:Business format franchising A method of business expansion whereby a business owner ...

April 16, 2013 01:00:00
Franchising

So how much does a franchisee really have to pay?

Assessing the cost of the franchise is critical before you sign on the dotted line.

The number of people interested in investing in a franchise is increasing, but not all franchisees become successful as a result of the risks.So how do you minimize your risks while increasing your chances of success as a franchisee? The trick is ...

by Lyndah S. Bartolome  | February 11, 2013 01:00:00
Franchising

Getting the most out of franchise seminars

One important tool for entrepreneurs and those considering starting a business is attending seminars

Having given seminars in various parts of the country in the past 10 years, I have observed that people who attend seminars—particularly franchise seminars—need to learn how to get the most out of them. So how do you do it? Note the ...

by Armando O. Bartolome  | January 15, 2013 11:00:00
Franchising

9 sections of the franchise agreement that needs your careful scrutiny

Potential franchise applicants are growing up fast. At the last Filipino Franchise Expo at the SM Megamall in Mandaluyong City, franchisers were surprised at the quality of their questions and their interest in the nature of the franchise package, the payback period, ...

by Erlinda S. Bartolome  | January 09, 2013 09:00:00
Franchising

Doing due diligence before buying a franchise

Those aspiring to go into franchising have to take background checking to heart when looking for business partners.

The local franchising industry is still riding high since experiencing a boom in the 1990s. A winning combination of low capital, low risk, and a high success rate (up to 90 percent) has enticed a lot of Filipinos to get into franchising. ...

by Ieth Inolino  | September 18, 2012 01:00:00
Franchising

Franchisor vs. franchisee

Know the steps usually taken in a dispute between a franchisor and a franchisee.

In any relationship, professonal or otherwise, conflicts arise. Franchising guru Armando Bartolome tells us how a dispute between a franchisor and a franchisee is settled.Q: How are disputes between franchisors and franchisees usually settled in the Philippines?A: Disputes are first and  foremost ...

by Armando Bartolome  | May 24, 2012 02:00:00
Franchising

Blue Water Day Spa: Going against the grain

In slow economy, day spa moves to expand offerings and outlets

In just a few years, Francis Simisim has taken Blue Water Day Spa to a level of prominence in the increasingly crowded local spa industry. From a lone branch along Annapolis Street in Greenhills, San Juan City, he has expanded the business ...

by Jimbo Owen B. Gulle  | May 21, 2012 01:00:00
Franchising

Focus on the product and services first

Putting too much emphasis on investment costs may restrict your franchising options.

Q: I have no experience in being an entrepreneur yet, so this would be my first time to apply as a franchisee. In your opinion, is it better for me to invest in a brand with a low franchise fee package (I ...

by Armando Bartolome  | April 23, 2012 01:00:00
Franchising

The basis for franchise fees

In franchising, size and popularity matters.

Q: What is the basis for the amount of the franchise fee, especially if you\\\'re franchising in the Philippines? Are some companies asking for higher franchise fees because they\\\'re already big companies, or they already have many outlets? A: As the franchise ...

by Armando Bartolome  | April 10, 2012 03:00:00
Franchising

Franchise Opportunity: Mrs. Fields

Invest in the perfect recipe

Why Mrs. Fields?Sweet gifts, delicious and healthy desserts, and warm smiles. These are the things that have taken Mrs. Fields from one small store in Palo Alto, California to international recognition as the world\\\'s premier cookie store brand.What are the benefits of ...

by Entrepreneur Staff  | October 04, 2011 02:00:00
Franchising

Five things to consider in choosing a franchise brand

Pancake House\\\'s Martin Lorenzo shares his insights on the perfect franchise brand for you

Among all business opportunities these days, the food business, particularly casual and fast food restaurants, is sure to give any entrepreneur a good return on his investment.With the numerous franchise brands available in the market, picking the right can be as tricky ...

July 02, 2010 05:00:00
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