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Franchising

30 Questions You Should Ask Before You Invest in a Franchise

Here are the five aspects of a great franchise

There are more than 3,800 franchise systems and they are not all created equal.I'm not talking about the fact that there are different concepts, services or products they offer. I'm speaking about the quality of the system and the support that they offer their ...

by Jim Judy  | September 06, 2018 02:00:00
Franchising

4 Mistakes That Will Sink Your Franchise Dreams

Avoid killing your own franchise in the first year by avoiding these common mistakes

Franchising allows entrepreneurs to run a company without starting from scratch. But just because a business already has a brand and established processes doesn't mean it’s easy to run one.Subway might be an international restaurant powerhouse, but even franchisees of this mega ...

by Aaron Bakken  | April 28, 2018 06:00:00
Franchising

Franchise Talk: Do I Need to Create a New Company Before Franchising My Business?

There are two courses to take should you decide to open your business to franchising

Speaking to hundreds of entrepreneurs throughout the years, one question is always asked when it comes to franchising—do I need to create a new company when I decide to franchise my business?When you decide to franchise your business, there are two options ...

by Sam Christopher Lim  | May 07, 2017 10:00:00
Franchising

8 Steps to Finding the Right Franchise

With hundreds of franchises to choose from, narrowing your options, then choosing the best one, will be easier if you follow our eight-step process

The following excerpt is from Rick Grossman’s book Franchise Bible.In order to find the franchise that will be a good fit for you, you should pursue a more established course of action often called the discovery process. Outlined below is the eight-step process ...

by Rick Grossman  | December 26, 2016 12:00:00
Franchising

Are You a Good Franchise Candidate?

The questions and tips provided will help you evaluate your skills and personality to determine if you're a good fit for being a franchisee

The following excerpt is from Rick Grossman’s book Franchise BibleFranchising isn’t for everyone. But this is no less true of franchising than it is of medicine, teaching or gardening. Thus, to help you make this determination, you must ask yourself some questions:What do you ...

by Rick Grossman  | December 18, 2016 12:00:00
Franchising

Franchise Talk: 5-Point Checklist To Find The Right Franchise

Here's a handy guide to consider before you decide which company to franchise

As I speak with hundreds of entrepreneurs across the Philippines, a common question that’s asked is “What’s the best franchise to invest in?” I wish there was a simple answer to this, but finding the right franchise for you is a very ...

by Sam Christopher Lim  | December 15, 2016 01:00:00
Franchising

FranchiseTalk: Am I too young to invest in a franchise?

Franchising isn’t just an old man's game ”" here’s 5 ways to start on it, while you’re young

At the young age of 26 years old, Ivan Kenneth Taw decided to leave a promising marketing career behind to become a franchisee of the convenience store chain 7-Eleven. Four years later, he now owns two 7-Eleven outlets, and wants to own ...

by Sam Christopher Lim  | October 13, 2016 06:00:00
Franchising

Which comes first: branding or franchising?

Branding goes deeper than logos and store design”"it is about personality, values, and vision.

“Your brand is the single most important investment you can make in your business.” – Steve Forbes, Editor in Chief, Forbes magazineWhich should come first, branding or franchising? This age old question plagues many of today’s small business owners, especially those who are ...

by Sam Christopher Lim  | March 31, 2016 09:00:00
Franchising

Retrenchment paved the way for this airline employee's break into business

Angela Valenzuela now owns franchises in food, retail, and service categories.

Angela Valenzuela lost her high-paying job seven years ago after the airline she was working for retrenched part of its workforce. But instead of wallowing in the loss, she decided to go into business.Making the most out of her retrenchment package, Valenzuela ...

by Ieth Inolino  | February 03, 2016 12:00:00
Franchising

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
Franchising

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
Franchising

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
Franchising

3 franchising tips from Goldilocks

Be discerning, be wise, says Goldilocks exec.

Although franchising has become a popular and convenient mode to make anybody’s transition from employment to entrepreneurship easier, the absence of clear guidelines on the industry has allowed franchising scams to proliferate.Lin Deres, franchise relations manager of Goldilocks Bakeshop, said there a ...

by Carlo P. Mallo  | January 10, 2013 01:00:00
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