10 Things to Consider Before Starting a Franchise Business

Franchising indeed is a great opportunity to run a business without having to start from scratch. As franchisees, you already have easy access to the business essentials: recognizable brand name and logo, tried and tested production process, sales training, and even products to sell.

All you need to do is run the business and make it successful. That, of course, is easier said than done. Although most franchisors would guide and handhold franchisees, there is no assurance that the franchise would end up as a success.

Warning! Not all franchises are profitable. So before you dive into franchising, better evaluate first if this is a worthwhile endeavor. Here’s a FREE ebook which can help you understand if franchising is a good business for you.

You may download the FREE ebook here: The 10 Questions to ask in choosing the perfect franchise

This useful PDF ebook walks you through several business issues which you must consider when deciding to invest in a franchise, such as:

  • What MISTAKES to avoid when running your own franchise;
  • How much a franchise should EARN in a month; and
  • When franchisees get to reach their BREAK-EVEN POINT

If you’re looking to franchise a business soon, this ebook will surely be a helpful guide as it contains tons of worthwhile information about franchising. So download here now your FREE ebook: The 10 Questions to ask in choosing the perfect franchise 

(It’s FREE only for a limited time so don’t pass up this opportunity!)

* Looking to franchise a business in the Philippines? Check out PinoyMoneyTalk’s List of Philippine Businesses available for Franchising

About the Author

PSEi support seen at 6,200 and 6,000 amid weaker Peso

In a not-so-surprising move, the U.S. Federal Reserve (Fed) yesterday raised interest rates by 75 basis points (bps) or 0.75% in a bid to tame rising inflation in the United States. This was the third consecutive 0.75% rate hike by the Fed, which brings the federal funds rate, the central bank’s benchmark interest rate, to ... Read more

Official SWIFT Code of BDO, BPI, Metrobank, Philippine banks

When sending cash remittances or wire transfer to a bank account in the Philippines (such as BDO, BPI, Metrobank, Landbank, DBP, etc.), you’ll surely need the SWIFT Code of the bank. Look no further because you can find all the SWIFT Codes you need in this list! Make sure you’re using the right bank code ... Read more

How to Waive your Credit Card Annual Fee (BDO, BPI, Metrobank, RCBC, Citibank, UnionBank)

Without a doubt, one of the most annoying fees that credit cardholders have to pay is the annual fee. Majority of cardholders are familiar with this fee and majority of us likely pay this grudgingly year after year after year. In the case of my credit card with BPI (Bank of the Philippine Islands), I’m ... Read more

Why Filipinos do not become business owners or entrepreneurs

For a majority of Filipinos, entrepreneurship does not seem to be a typical, expected path. This is not surprising, considering that in school, students are primarily taught to become employees after graduation. Students train for years to become staff workers, reporting to a supervisor, and just waiting to receive their wages or salaries every month. ... Read more

My experience investing in Mutual Funds in the Philippines

I started investing in mutual funds when I was 22 years old. As an Overseas Filipino Worker (OFW) then, I was fortunate to be able to save some money at that young age because of my work abroad. One time while I was on vacation in the Philippines, I saw a large billboard in EDSA ... Read more

Income Tax Tables in the Philippines (2022)

The Philippines’ new tax reform bill, known as TRAIN or Tax Reform for Acceleration and Inclusion, was signed into law on December 19, 2017 and its implementation began on January 1, 2018. What are the new income tax rates under the TRAIN law? How will TRAIN affect income taxes of individuals and corporations? How is the ... Read more

PSE Stocks Performance under each Philippine President (1987-2021)

Did you know that Philippine stocks were able to achieve an astounding growth of 800% in a span of 30 years? From 1987 until 2018, the Philippine Stock Exchange index (PSEi) rose from 1,000 points to a peak of 9,000 points — generating a return of 800% over 30 years. (The PSEi is an index ... Read more

SSL 2022: Salary Increases for Teachers, Nurses, Gov’t Employees

Good news to all government employees! There’s a new round of salary increases beginning January 1, 2022! Millions of employees of the Philippine government — including public school teachers, nurses and staff of government hospitals, and workers in local and national government agencies, etc. — will be getting an automatic salary adjustment this 2022 under ... Read more

PSE Trading Hours in 2022: What time open, when closed?

Before you take the plunge into stock trading and investing, make sure you understand what stocks are and how the Philippine Stock Exchange (PSE) operates. Unlike other investments that are relatively safe, stock trading is risky and loss of money is a possibility. So before you deep dive into the exciting world of stock trading, ... Read more

Price Floor and Price Ceiling of PSE Stocks

Trading bands in the PSE come in two forms: Price Ceiling, or the upper price limit, and Price Floor, or the lower price limit.

4 thoughts on “10 Things to Consider Before Starting a Franchise Business”

  1. Hey, everyone. I’d like to recommend a fantastic service that helps the business make a little break from dealing with its customers. For years, the guys from the Wow24-7.io/dedicated-agent have delivered quality services. Since 2017, I work with them and I can confidently tell that in the 2021 outsourcing industry they are one of the best. The first time I went to them for a consultation only, but I really liked all that I wanted to permanently order their services. By the way, in the last year, my company has tripled, and I do not believe it is the end.

  2. Such a big help. Every franchise owner should read this especially many in the industry use social media as a platform to promote their products and services. Another thing that could also help when starting a business is to seek help from professional business consultation to help you be guided with your decisions and business growth.


Leave a Comment