Marikina City
Vol.1 No.1 Jan-Mar 2011
Franchising business with a Small Capital
F
ranchising is the practice of using another firm’s successful business model. For the franchisor, the franchise is an alternative to building ‘chain stores’ to distribute goods and avoid investment and liability over a chain. The franchisor’s success is the success of the franchisees. The franchisee is said to have a greater incentive than a direct employee because he or she has a direct stake in the business. Businesses for which franchising works best are those with a good track record of profitability, .and those which are easily duplicated. Franchising is a better option for those who would like to enter into business without sufficient knowledge, experience and skills
to start a business. This is because franchise companies have a proven method and system that is already working. You will be trained according to the business methods of the franchise you are interested in. As compared to many self start-ups, getting yourself a business franchise has proven to be more realistic. The Technology Resource Center (TRC) considered five lucrative ventures that Filipino entrepreneurs may successfully embark on with a capital of less than P100, 000. These are:
Foodcart
Business
If you are serious on getting into the vastly profitable food business for the long haul, a food cart busito page 2