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Showing posts with the label Starting a Business in the Philippines

3 Tips on Franchising a Food Cart Business

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The Philippines is considered as the "Franchise Capital of Asia".  We see many establishments opening their businesses to franchisees to expand their enterprise. If you are thinking of franchising one, please pick one properly and scrutinize every single thing that they have to offer. If you are thinking of franchising a food cart, you may find that there are many advantages to it compared to other types of businesses. You may check it out in my other post The Advantages of Franchising a Food Cart. 1. Check on the system and operations. Most of the people interested in setting up a business do not know how to run an establishment hence they franchise. A big part of the franchise fee is paying for the system of operations. Most of the successful franchising companies have studied and established a method on how they run their organization. This is one of the very important things that you should look for. Our first franchise, after paying for the all the fees, gav...

The Advantages of Franchising a Food Cart

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Hi! I guess you're here now because you're thinking of franchising a food cart. Our food cart, Grub to Go Rice Toppings , have been in the business for five years now and slowly we are in the process of expanding the business. If you're thinking of investing in a food cart, here are the plusses that we found operating several branches for the past years. So why invest in a food cart? 1. Relocatable. To be honest, not all food carts will click in certain locations. If you find yourself setting up one but can't seem to attract enough customers after many advertising and marketing campaigns, you can easily relocate. Find another place for your food cart and continue operating from there. Most contracts do not tie you in one place and it will be your sole discretion where to set-up yours. 2. Minimal Investment. It does not take a bunch of millions to franchise one. But you have to be careful since many have found ways setting up pseudo-franchises in the count...

Starting a Business In the Philippines

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From the time that we got back from Singapore 3 years ago, we were able to open 3 business establishments all of them are still in the process of expansion. I can't believe that it has been over three years now since I retired from the corporate world.  Working and having your own business is so different from each other. One might think that running your own business is easier. Let me tell you one thing... it is not. The success of your company deeply relies on you, the time you spend managing it, marketing your products and services and so on. When you decide to put up a business, choose something that you are deeply passionate on. Choose something that you like and have extensive knowledge on. Don't dive into something that you don't have any idea what's it's all about.  For example, if you love food, put up a business that's about your specialty, not just food in general. I'll write a series of blogs about this topic. I have decided to put ...