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Franchising

Do you have what it takes to own a foreign franchise?

If you are looking to bring in a brand from overseas, it pays to know what your potential partners will look for.

Filipinos are no strangers to foreign brands. We have seen the success of fast food heavyweights such as McDonald’s and Kentucky Fried Chicken (KFC), and even fashion retailers such as Uniqlo and H&M here. In many cases, these brands come in with a ...

by Toni Antiporda  | March 29, 2016 07:00:00
Franchising

3 qualities of successful franchisors

Having the right mindset will dictate whether you will become a success or a failure in franchising.

As a franchise consultant, I have met and talked to a lot of entrepreneurs who have varying thoughts about franchising and what it can do for their business. And for those whom I have seen succeed because they chose the franchising path, ...

by Joselito G. Samson, CFE  | March 23, 2016 02:00:00
Franchising

3 ways to qualify your franchise prospects

Here are the things to look out for when considering prospective franchisees.

Franchise sales is not a hunt for the next check. It is a true screening process through which you will identify the best candidates to join your franchise family. The success of your system depends on the success of your franchisees, and the biggest ...

by Mark Siebert  | March 08, 2016 03:00:00
Franchising

From shoe repairman to Mr. Quickie franchisee

See how hard work and loyalty paid off for this master shoemaker.

MASTER SHOEMAKER. Rodolfo Getes of Mr. Quickie. Photo by Vincent Coscolluela / Entrepreneur PhilippinesFor much of his life, Rodolfo Getes repaired shoes for a living. But in 2012, he became a proud Mr. Quickie franchisee, thanks to his boss, Emiliano Caruncho III (the ...

by Ieth Inolino  | January 21, 2016 04:00:00
Franchising

Outstanding franchisee shares secrets to successful franchising

Find out how a franchisee turned around a troubled gasoline station in just a year.

In October 2010, a then 8-year-old Seaoil gasoline station in Angono, Rizal was in trouble because of poor sales. But a young entrepreneur saw it as an opportunity to get into another business that could offer new learnings and experiences. She bought ...

by James Humarang  | September 18, 2015 08:00:00
Startup Tips

Exploring a franchise opportunity? 5 key questions to ask

Ask these questions first before venturing into franchising to have a smooth-sailing business.

A franchise lets people experience the freedom of business ownership with the security of operating with a proven business model.A prospective franchisee learns more about this financial operation and embarks on a discovery process. He should be prepared with what to expect from such initial ...

by Anna Wilds  | May 06, 2015 08:00:00
Franchising

Holy Crab! Here's another proof you can turn passion into a profitable business

Be inspired by how this young entrepreneur turned his passion into a successful business.

While following your passion may already be a cliché in pursuing a business, this still holds true to most successful entrepreneurs especially for those businesses built out of their hobbies and interests.  Included in those passion-driven entrepreneurs is Peter Tajon, owner of ...

by MJ Dinglasan  | April 20, 2015 12:50:00
Franchising

The 'believable' story of a food cart franchisee who amassed wealth in a short time

Can you make millions and earn your financial freedom from running a food cart? This Potato Corner franchisee built his wealth around one.

His friends don’t believe him, but Angeli Valenzuela swears that he built his present wealth on being a humble food cart franchisee. An architect by profession, Valenzuela owns three Potato Corner outlets—two at the Festival Mall in Alabang, Muntinlupa City and one ...

by Jimbo Owen Gulle  | April 14, 2015 04:00:00
Franchising

Working mom keeps daytime job while managing franchised stores

Find out how this career woman manages her franchise businesses well without giving up her day job and time for her family.

When starting a business, most entrepreneurs consider giving up their day job to focus on the startup. For Sheila Basiya, it didn’t have to be that way. When opportunity came knocking at her door, she immediately grabbed it even if she still ...

by MJ Dinglasan  | March 18, 2015 06:00:00
Startup Tips

Hungry for more

This serial franchisee dreams of becoming a franchisor someday.

When she was 18 trying her luck in New York, Pauline Plata-Bondad worked as a wait staff and as a kitchen helper in restaurants. “I learned the hard way how a food business operates,” the Batangueña says of the experience. Now 33 ...

by Toni Antiporda  | February 04, 2015 11:00:00
Finance

What to prepare as you open your business for franchising?

Here are some helpful tips when offering your business up for franchising.

Franchising does not start and end in selling the rights to your business to franchisees. The success of the franchisees will also depend on how effective the franchisor is as a mentor, a manager, a guide, and a leader. Here are some ...

by James Humarang and James Humarang  | January 13, 2015 07:00:00
Franchising

Any way you slice it

Santino's Supreme Slice pizza has a ready-to-eat concept that allows the brand to tap new markets that its competitors don't usually target.

Corner pizzerias in New York have long sold pizzas by the slice. Even Pizza Hut does it. Santino’s Supreme Slice, a homegrown pizza franchise, also joined the fray, opening a new segment, which parent company Jimini Foods Inc. wanted to tap. “It ...

by Toni Antiporda  | December 15, 2014 07:00:00
Franchising

Getting a Murang Generics franchise

Do you want to own and operate a gerenic drugstore in your community? You may consider becoming a franchisee of Murang Generics. Here's how.

by Renz Lyndon Paguio  | December 10, 2014 12:00:00
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