Philippine Business Opportunities: in Franchising 2

There are a lot of pros and cons in franchising a business. First would be a higher initial cash out in opting a franchised business. This concerns mostly small to medium entrepreneurs. Although this can be negated in the long run since you wouldn't be experimenting on different aspects of your business. Next would be a better initial appeal or confidence to consumers if your business is franchised. They would think, "service must be good," food must be great" etc. Leading to more business opportunities and customer referrals the very least.

In the Philippine business setting. Opportunities in these kind of businesses are truly evident. Let's start from the top, Jollibee.

A true genuine success. A gold mine. Literally speaking. They swallowed the local food industry, if that's the right term. Even international fast food chains couldn't keep up, well at least in the Philippines. So whats my point? Franchised businesses in the Philippines potentially does have opportunities and very much in the scene.