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Avoid these 3 pitfalls when investing in a franchise

Figuring out the business you want to get into is finding out the things you are passionate about.

One of our greatest successes as a country is having over a 150,000 franchise outlets with thousands of happy franchisees.With its high-acceptability and 90% success rate over traditional do-it-yourself businesses, it has been a pretty typical case that a franchisee can own ...

by Sam Christopher Lim  | February 18, 2016 10:00:00

Making sense of territory and franchising

Here's an arrangement where the franchiser designates a territory, not just an outlet, for which a franchise can use the trademark and the business system.

We are all familiar with the single-unit franchising, which is the route normally taken by franchisers to franchise their business. A single-unit franchise agreement is drawn up for a single location, such that the franchisee can use the franchiser's trademark and business ...

by Erlinda Sabio Bartolome  | September 18, 2013 10:00:00

The Franchise Awards 2013 winners

Check out the winners of our two major categories.

Entrepreneur Philippines wanted to keep it simple this year, with just two major categories: Best in Franchise Support and Fastest-Growing Franchises.A franchise has no chance of taking off if the franchisor has not put in place an excellent support system for its ...

July 23, 2013 10:00:00

Be a certified franchise expert

Franchising is a powerful alternative to expand businesses.

Department of Trade and Industry (DTI)’s export and micro, small, and medium enterprise (MSME) training arm Philippine Trade Training Center (PTTC) and St. Scholastica’s College of Manila (SSC) will jointly conduct a ladderized program focusing on Franchising Management.Franchising is a powerful alternative ...

April 03, 2013 10:00:00

Checklist for would-be franchisers

7 essentials a business owner must decide on before going into franchising

Franchising is the big idea of the moment, especially since most aspiring entrepreneurs find it to be one of the easiest ways to start a business. And where there\\\'s demand, there are enterprising individuals ready to supply the solution. Moreover, franchising is ...

by Mishell Malabaguio  | February 13, 2013 10:00:00

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

Six tips on franchising your biz

Want to franchise your business? Here are six tips from a veteran

For a business looking to grow its customer base and reach, a franchise system is worth looking into.Here are some to dos if you decide to take the franchise route: 1.    Have your systems in place:This means all your operations, from production to ...

by Paulo M. Tibig  | January 24, 2013 10:00:00

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

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 for students

Can a student be a franchisee? Our expert shares 4 factors to consider.

Q: I\\\'m still in college but I\\\'ve always wanted to become an entrepreneur. In fact, I\\\'ve been helping out every summer in our family business. However, I would like to strike out on my own, even at this early stage. Can a ...

by Armando Bartolome  | April 19, 2012 10:00:00

Franchise forecast for 2012

What will franchising be in 2012?

One of the biggest things that happened in the Philippines is the rise of franchising. More and more companies ventured into franchising as a way to expand their business at the same time making it easier for more Filipinos to become entrepreneurs ...

December 13, 2011 09:00:00

Franchise Opportunity: Simplybread by Chef Andrew

Currently, it has 35 company-owned and 15 franchise-owned branches.

Looking for a baking business? Simplybread by Chef Andrew is one of the newest bakeshop brands to offer the franchising route. Currently, it has 35 company-owned and 15 franchise-owned branches. Simplybread is popular because of their affordable and yummy line of Filipino ...

November 29, 2011 06:00:00

Franchising Challenge: The franchisor, franchisee relationship

Franchising Challenge series will discuss problems that may arise in franchising

Franchising can be a very effective way to grow a business but like any other business, it presents its own unique set of challenges to both franchisor and franchisee. The use here of the word “challenges” instead of “problems” is deliberate, for ...

October 27, 2011 06:00:00