Franchising in the Philippines Through The Years
20 years ago, Franchising was predicted to be the wave of the future. Most business enterprises will be turning into franchising as a mode of expanding their network. On the other hand those who are retiring would find solace in getting a franchise than do a start-up.Today 2013, the Philippines have approximately 2000 various businesses, which are offering franchises. These include foreign and local brands. The range of franchises is from all different types of food to the retail services. In fact I often term it as from birth to death name it and you have it.Why is franchising so popular?First let me define Franchising. It comes from an Anglo-French word “franc” meaning free. For an entrepreneur, starting a business is important prior any idea of franchising is considered. I c...