How to Avoid Franchise Scams?

Nowadays there are so many franchise concepts that offer you good business proposals but how sure are you that you are getting the right business deal that wouldn’t risk your hard earned money? New entrepreneurs are sometimes deceived by these fraudsters by showing them the all the good benefits of certain franchise promising easy money without them seeing the underlying … [Read more...]

Avoiding Pilferage in Food Inventory

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 control, you just charge the … [Read more...]

Avoiding Pilferage in Beverages

This post will cover basic control of inventory, and we will tackle drinks. Beverages will most likely to increase your income to 200% if proper control is made. Why not? People can go to your food cart and just buy a can of soda and ignore the food. But rarely a customer will eat and don't buy drinks. However, drinks are also a double edged sword. It can make you lose … [Read more...]

Needed Documents and Permits for a Food Kiosk Franchise

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 franchiser. The steps needed to apply for these … [Read more...]

It’s All About the Location, Baby!

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 your marketing. Even if you're selling water from the fountain of youth, you won't be able to sell anything unless you are exposed to your … [Read more...]

Know All of Your Start Up Costs!

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 all of the costs you will incur on starting your own business. … [Read more...]