To Franchise? or not to Franchise?
By mr_allan_a
@mr_allan_a (88)
Philippines
April 16, 2009 7:50am CST
Hi, anybody from the Philippines? I was thinking of putting up a business of my own, a kind of business with less capital , like less than P100T maybe, but have the potential of earning big.
Anybody have the idea? or the experience maybe? :
cheers!..
3 responses
@gracie04 (4549)
• Philippines
16 Apr 09
Well, it's best if you do a thorough study first before putting up your own business.. you know, it's hard to waste 100 k grand these days.. food cart business would be nice.. something that is appealing to most people("masa").. my aunt used to own food carts before but after a year, the sales decreased and she decided to close the business down.. Location is very important and of course the price of products too.. as well all know, majority of filipinos are into food items that are delicious yet very affordable!
@mr_allan_a (88)
• Philippines
17 Apr 09
thnks, grace, I think food cart is good business. Then putting it some place
where there lot's of people, near school or malls.
by the way, your Auntie, did she got the return of here investments? in a years time?
@cianoy (513)
• Philippines
1 Jan 10
I have a franchise so I have some idea about it. I wish I realized beforehand though that there are dealership options too. It's a lot cheaper since you don't have to worry about equipment, permits and franchise fees. Let me know if you want. I have something up my sleeve.
