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When talking to clients, God knows I LOVE questions. Nothing shouts interest more than a question, or two, or ten. But there is one particular question that I dislike addressing and that is, “What if I lose money?” and follow up questions about that topic. So I will discus this one once and for all. When you . . . → Read More: What if I Lose Money?  Today I am going to discuss the advantages of franchising. Perhaps the biggest advantage of franchising is that you are riding in an already successful business system. This is the reason why the franchising industry has a really low failure rate (around 10%). Everything is set, you just have to follow directions. Along with this successful business . . . → Read More: What Are the Advantages of Franchising?  Most sought after franchise – McDonalds. Franchising is a contract. It is a partnership between a corporation and an individual. The contract is to use and capitalize on the company’s successful business model and/or it’s existing brand awareness (most often called Goodwill) for a faster return of capital. So that means if you start a franchise, you . . . → Read More: Back to Basics: What is Franchising?  This time we will handle control on food items, like those buns, burger patties, condiments, etc. It is relatively easy to control and account for the packed inventory, like bread, siomai portions or noodle packs because they are separated into portions, which can be easily counted. Like I said before from my last post about beverage inventory . . . → Read More: Avoiding Pilferage in Food Inventory  Sample DTI Certificate One of the most frequently asked questions I get is about documentation, especially, “What are documents I need and will you apply those for me?” Most of the time the only needed documents are DTI registration, baranggay clearance and mayor’s permit, and these will be filed by the franchisee themselves and not by the . . . → Read More: Needed Documents and Permits for a Food Kiosk Franchise  Put your food cart business in a high-foot traffic area, so this won't happen to you. For a business to boom, you need to be competitive in three areas, namely a) product pricing and quality b) service and c) marketing. Fail in one and the business will flop. Carefully choosing your location will take care half of . . . → Read More: It’s All About the Location, Baby!  Compute your initial expenses! One of the mistakes some starting (and most of the time, enthusiastic) entrepreneurs tend to make is overlooking ALL of the start up costs, thinking that they should only pay for the franchise fee, nothing more. Yes, my franchising company offers food cart franchise for as low as Php26,888.oo, but that is not . . . → Read More: Know All of Your Start Up Costs!  Every little blog or website starts at something. This is no exception. After years of doing internet marketing, I still experience a hard time introducing a new endeavor. But I will try. . . . → Read More: Welcome to Food Cart Franchising Philippines |
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