What are the advantages of franchise businesses? According to many business experts, franchise businesses had gained a lot of popularity in the Philippines today. The reason why is because of a number of new franchise businesses available today which aims to give the same opportunity that wealthier Filipinos have had with franchise businesses to the less wealthy Filipinos.
Small Franchise Businesses
The growth of food-cart and food-stall businesses is not only because of its affordability, but also because of the many franchising enterprises in the Philippines that offer lesser expensive Franchising business Philippines deals to Filipinos. So what are the differences between starting ones own small business from acquiring a franchise?
Less Effort in Marketing and in Profiteering
One reason that makes franchise businesses more popular compared to starting a business from scratch is that franchises allow its franchisees to use their successful business-model for their own gain. This makes it easier for franchisees to gain as much income as other businesses have had in years, which would normally take a lot of time and effort for a start-up business.
Simpler Business to Handle
Another advantage of franchising is that it allows people to start their business with everything they needed, from the marketing paraphernalia they needed to make their business known, to the equipment, uniform, and stock to be used for their business. This is much simpler compared to starting a business from the ground which will require their owners to look for a reliable supplier which will give them the stock they needed as well as their equipment.
Benefits of Smaller Franchise Businesses
The popularity of franchise business in the Philippines was due to the rapid growth of food-cart and food-stall businesses. This is because of the kinds of benefits that these businesses can offer to its residents that made these types of housings even more popular and in-demand in the market.
Lesser Expensive Franchise Cost
One reason why franchise business had gained a lot of popularity and demand in the market is because of its lesser expensive franchise cost. Compared to larger franchise businesses, such as convenient stores and fast-food restaurants, food-cart and food-stall businesses are far more affordable, in terms of franchise cost as well as the cost for its construction.
Far Simpler Business
Unlike larger franchise businesses, food-cart and food-stall businesses dont require any experience to manage and to make it grow. Unlike larger franchise businesses, these small businesses normally dont require their franchisees to have worked in a managerial position for years, or have acquired an MBA to acquire a franchise deal.