Wednesday, May 28

Tag: franchise

Start Your Own Business or Buy a Franchise?
9Dec By PBNo Comments
Franchising 101

Start Your Own Business or Buy a Franchise?

If you plan to be an entrepreneur, you must study what is best for your situation, whether to start a business on your own or buy a franchise. Are you willing to share the profits in exchange for the relative safety of a franchise, or do you prefer the risk—and rewards—of pursuing your own vision?Before everything else, you must decide if you are indeed ready to handle a business. Do not think that buying a franchise is just like buying property and collecting rent. Be prepared to spend a lot of time tending your franchise venture although it will be less taxing than starting from scratch. Make no mistake—a franchise is not a passive investment, it is a business that must be actively nurtured.How do you choose what to do? Take into account the pros and cons listed below to guide yo...
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How To Know Your Business Is Ready To Be A Franchise
30May By PBNo Comments
Starting a Business

How To Know Your Business Is Ready To Be A Franchise

The idea of expanding a business by turning it into a franchise is definitely something that will be interesting to a lot of entrepreneurs. Franchising will give you the chance to replicate your business model, reach new markets, and - perhaps the most beneficial element of all - create a passive income. However, although this might all sound great, there are some things you’ll need to consider before taking the leap. It’s crucial to assess whether your business really is ready for this next step because you’ll only really have one chance to get it right. With that in mind, read on to find out more about what you should be looking out for if you want to know whether your business is ready to be a franchise. Photo by Markus WinklerA Profitable Business Model W...
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Want To Make Bank? Invest In A Weight Loss Franchise
3Apr By PBNo Comments
Business Ideas

Want To Make Bank? Invest In A Weight Loss Franchise

The weight loss industry is a lucrative area of business. It is rapidly growing, is quite competitive, and will give you many opportunities to stake your claim in the industry. In fact, a recent report boasts weight loss products contribute to $61 billion in profits.Moreover, experts expect 2.7% average annual growth between now and 2016 at commercial weight loss centers.Obesity is a worsening problem in America though more and more Americans are trying to buckle down and get their weight under control. Be involved in something that can help others achieve their goals and live healthier lives. Listed below are six top franchises that you can use to get into the industry: 1. Gold’s GymGold’s Gym was set up to help people of all levels of athletic capabilities. Clients will enjoy well-...
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28Feb By PB1 Comment
Business Ideas

Basic Steps to Take Before Opening a Clothing Retail Store

Setting up a clothing retail store is said to be the easiest line of business that anyone can think of. Mostly because the capital required to start a clothing retail store is quite minimal, and that selling them is quite easy because of its huge demand by its devoted community. Now this is a common misconception by many inexperienced businessmen or women that wants an easy way to profit. No businesses profit by just letting them cook under the sun. You'll have to have that knack for businesses, that sort of inborn or inherited skill in handling a business. So simply starting your clothing retail business with no sort of goal or organization, your business will surely fall quickly.When you want to start your own business, in this case a clothing retail store, it's required that you mus...
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9Feb By PB2 Comments
Franchising 101

How to Franchise a Business

Are you thinking of starting your own business but don't know where and how to start? One easy way to acquire a business is through franchising. But what is franchising? Franchising is a business method of expansion that grants an individual or group of individuals to market a product or a service and to use the patent, trademark, trade name and the systems prescribe by the owner.Here are some Franchising Frequently Asked Questions (FAQ)1. Who is the franchiser/franchisor and franchisee?• Franchisor/Franchiser – a legal entity which owns the patent, trademark, method and products or services that allows others to use under his name.• Franchisee – a person or a group of persons who invest, own and operate a business under a licensing agreement granted by the franchisor. Like...
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16Jan By PBNo Comments
Franchising 101

Kiosk – The Best Place To Start a Franchise Business

Today the concept of franchising is helping many prospective investors and entrepreneurs to quit the corporate life and start their own business with confidence. Even with a very low investment one can think of starting a franchise business of their interest. People have become more conscious about investing their money due to the frequent changes in the economy and thus they look for options where the investment is low and profit is high. This has led to the popularity of low cost top franchise opportunities such as bookstores, gift shops, flower shops, apparel shops and so on. These are some business where investors can enjoy high profit. (more…)
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10Sep By PBNo Comments
Philippine Franchise Directory

AquaSoft Water Refilling Station Franchise

Aqua Soft remains firm to maintain its dominance in water refilling station business. It will continue to advance its strategic programs and pursue its network expansion to ensure superior market coverage nationwide.Company: AquaSoft Water Systems Incorporated Description: Purified water (refilling station and bottled water products)Total investment cost: P1,000,000Year Started: 1995 Franchising since: 1998 Franchise package: Use of trade name. Assistance of the Franchise Officer. Engineering design and construction management. Training on technical, marketing and sanitary aspects. Franchised outlets: 168 Term of franchise: 5 years Renewable: Yes Royalty fee: 1%Contact person: Romalyn Nobleza (Franchise Manager for Luzon); Wenner Oredina (Franhise Manager...
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8Sep By PB1 Comment
Philippine Franchise Directory

The Generics Pharmacy Franchise

More than an enterprising venture,at the core of THE GENERICS PHARMACY is an advocacy of making medicines accessible to ALL Filipinos, coupled with free blood pressure check-up and full 20% discount in all branches.Franchise Fee: P260,000 Total Investment: P800,000Franchise Package: Right to use trademark, name and logo; pre-opening and startup assistance; franchise operations manual; training of pharmacists and owner/s; POS system; advertising support and promotional materialsPreferred Sites: High foot traffic, beside public markets, beside big drugstores, inside malls and supermarketsYear Started: 2001 Franchising Since: 2007 Company Owned Outlets: 1 Franchised Outlets: 605 Franchise Term: 3 years Renewal: Yes Royalty Fee: 1% Advertising Fee: 1% of g...
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8Sep By PBNo Comments
Philippine Franchise Directory

Reyes Haircutters Franchise

Reyes Haircutters is a “Filipino Family Salon” which caters to every member of the family and cuts across income levels. RHC perfected a system for delivering value-priced services to the entire family in a convenient no-appointment environment.Franchise Fee : P450, 000.00 Total Initial Investment : P1.7 to P2.4 millionFranchise Package Inclusions : Use of company name, salon management system, salon design, staff's training / evaluation, RHC Express salon designPreferred Sites : Metro Manila, Luzon, Visayas and MindanaoApplication Procedure : Send letter of intent and vicinity map of proposed location to Reyes Haircutter Franchise DepartmentYear the Business Started : 2000 Year Started Franchising : January 2001 No. of Company-owned Outlets : 13 N...
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