The Key Factors that Make a Family Business Effective in Franchising
Franchising can be a lucrative opportunity for family businesses looking to expand their reach and increase their revenue. However, not all family businesses are successful in franchising their operations. So, what makes a family business effective in franchising it? One key factor is having a strong and well-established brand. Family businesses that have […]
Questions To Help You Make The Right Choice
How well established is the franchise? How long has the franchise been in existence? Have they been in business for many years or are they brand-new? How many other franchises have they opened and where are they located? How stable is the franchise? What is the background of its officers? (Any history of […]
How to Successfully Use Social Media for Business
The core of any business revolves around the right marketing strategy to gain leverage against competitors. And knowing how much time, effort and money are spent doing a sustainable business. Choosing to use social media as one of the vehicles in expanding any company’s reach is no longer ignored these days. Social media […]
How To Choose The Right Franchise
Before you make that huge step in taking a franchise opportunity, you need to ask yourself if this is really the kind of business you want to get into. And if you are ready to take the responsibilities that go along with being a new business owner. Remember that your thoughts of putting […]
Will You Expand Your Business This Year?
Many successful entrepreneurs have a plan for the next ten years. They commit their time to ensure that the business has a steady flow. They engage with fellow entrepreneurs and join business seminars. But how soon should an entrepreneur think about taking another step? An entrepreneur should have a winning and aggressive […]
15 Golden Words Of Wisdom From A Franchise Guru
My over 30 years experience in the franchising industry has led some people to baptize me “The Philippines’ Franchise Guru”. For me, more than the status such title provides, it is the responsibility of teaching the franchise concept correctly to those I mentor that allows me to accept such a title. It is also […]
The Effects of Social Media in the Workplace
Most people have wholly embraced the existence of different social media platforms. Every single person that you may find riding public transportation has their eyes hooked on their mobile phones. Does each individual need to “sign-in” wherever they go and post it on their social media accounts? And, just come to think of it […]
Franchise Business
Nagsimula ako kumuha ng franchise business. Ang napansin ko ay hindi masyadong umuusad di gaya ng ibang branches mga nakikita ko. Nasa ika tatlong taon na rin ang negosyo. Ano kaya ang mapapayo? Ilan sa mga posibleng dahilan kung bakit hindi umaasenso ang iyong franchise business ay maaaring: 1. Kakulangan […]
Franchising , CSR And The Triple Bottom Line
Franchisors are believed to be the great moneymakers because they charge franchise fees, continuing fees like royalties and other license-related fees. So, all we need to find is that one concept that will click with investors or would-be entrepreneurs and we have that magic formula to wealth. For franchise applicants, they often almost beg […]
The Significant Role That A Mentor Plays In A Workplace
I am sure you are familiar with the very popular book written by Robert Kiyosaki, “Rich Dad, Poor Dad.” I often cite this book as an example of how people view life differently. Although neither of them is wrong but is based on how a person can be able to make a difference. The struggles […]
