Franchising

The Philippines is considered one of the third world countries due to the never ending global financial crisis and the nonstop political issues. However, these are also the very same problems that aroused the people's mind to end the anguish faced by the country - through franchising.

Do you know that the Philippines is now dubbed as the "franchising hub of Asia"? And rightfully so! Franchising business is now one of the most outstanding and successful businesses in the Philippines. From food to clothing to health and wellness, and now tourist-related franchises, the Philippines is indeed making its way to the top!

Consider this - during the 1980s there were only about 50 brands being franchised. But now, that figure has significantly multiplied - we now have about 1000 brands franchised in the country to date! According to credible sources, the Philippine franchise business plays a significant role in improving our economy. In fact, it contributes about $6.6 billion or five percent of the Philippine GDP and provides employment to more than one million Filipinos. This fact alone clearly shows how franchising is making a great difference for the country and its people.

Some of the currently top franchise businesses in the country are:

* Food cart and kiosk franchises as well as fast food chains such as Jollibee, McDonald's, KFC, among others.
* Service-type franchises like car wash, printing shops and call centers
* Personal care franchises
* Bars and Cafes (e.g. Starbucks)
* Bakery and Food Store franchise
* Education and Training Franchise
* Water Refilling Franchises

Imagine, there's just about a franchise business in the offing in all these and much more! With a 90% success rate, it's no surprise that franchising is on the rise!

You can also have your own top franchise business. Putting one up doesn't really mean that you have to put large amount money out. Nope, it's not all about the money! It's really more about your knowledge of running a business. It's all about having a feel for what products will make a big hit and identifying your market - your future customers.

So what franchise should you choose? Well, it's best to select the franchise that you're mostly interested at, especially the one you commonly use at home or at work, like what the top franchises offered for example. How can you make your franchise grow if you're not even interested with it, right?

Then, when you've decided, do some research and widen your knowledge about the franchise as well as your market for a successful business offer. Knowing the location and cost requirements is also part of plan.

You only need to be creative and patient, and you must be optimistic and have passion with what you are doing. With these qualities, any business can surely grow and be successful in time. Franchise business in the Philippines is now a big hit and still continuing to grow leading the country and its people to its greater good.

See what franchise business suits you. Now is the time for you to start one.