Philippine Franchise Association (PFA), Franchising cited as the fastest way to expand business. He needs to know where he is and where he wants to see in the future, and how he does it. The Philippines is as the franchising hub in Asia, where franchising has experienced phenomenal growth in recent decades. Of the entire franchise industry, food brands make up 41 percent, services 32 percent and 27 percent retail. In the Philippines, where over 45 percent of retail sales in the malls are franchises hot dog vending carts franchising contributes $ 6 billion or five percent of Philippine GDP and provides jobs for a million Filipinos. There is already a system in place, and must do all franchisees, is to follow this system - no more hit and miss. The franchisor may, on his own if he is qualified enough, or consult with experts at the Franchise Philippine Franchise Association. Franchising provides a proven business model with a 90 percent success rate, using other people's money, time and organization, allowing for rapid expansion.

We have posted this topic before, but we want to add up something about the benefits of Philippine franchise and also give some seminar and conference rooms schedules that you visit if you want to get into franchising in the Philippines. Comparing Franchising, marriage, emphasizes Limjoco the importance of screening potential franchisees thoroughly: "Franchising is carried out with the right partner, it should remain in business for the longest time Simply put, franchising works because it duplicates an already successful company ,. " Limjoco States. Of only about 50 brands in the 1980s, there are now 1,000 brands in the Philippines Franchise (68 hot dog carts percent of them self-developed concepts), in five key franchise sectors: fast food, clothing retailers, cafes, pastry shops and bakeshops, hospitality and wellness and food carts. To set up a franchise, the franchise potential donors undergo a franchise development process, define the structure of the franchise. Alegria "Bing" Sibal-Limjoco, CFE (uFranchise Sales and Mgt. All business activities must also be at the Department of Trade and Industry (DTI) for single company with the Securities and Exchange Commission (SEC) for companies to be registered.

Your product or service must be one, it's something unique about the idea of ​​franchising and you must you must find your niche, "says Limjoco For those considering franchising, it is recommended that the business has been running for at least one. years have already be in a position to set a benchmark for future franchise. The franchisor must have a solid business plan, "adds Limjoco. While there is no reporting requirement exclusive to franchising, it is important to get a trademark for your idea to the Intellectual Property Office, assert ownership of your brand, "advises Limjoco And of course, the concept must be profitable -. This is the baseline of business processes. The potential franchisor can then place the franchise agreement, franchise operations develop manually, and then start franchise marketing and sales, whether through a franchise broker or a separate department. The Prime Mover Advantage, a franchise brand can penetrate and saturate the market quickly, easily accessible market leader status.

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