PRIDE SYSTEMS is looking for Enthusiastic People to become franchisees and start working for themselves under an already well established name that is synonymous with quality and service in the IT sector.
When considering life as an entrepreneur, it is important to understand the differences between a franchise, business opportunity and a start-up business. There are, of course, advantages and disadvantages to each style of business. In this article we will discuss the advantages and disadvantages of business opportunities and the difference between a franchise and business opportunity.
All franchises are considered business opportunities, but not all business opportunities are franchises. A business opportunity involves the sale or lease of another’s product or service that will enable the purchaser to establish a business. Other types of business opportunities besides franchises include Read more...
There are many popular businesses that OFWs or overseas Filipino workers have started to help them in their efforts to give their loved ones a better life. One of those is franchise business. So what are the reasons that made franchise businesses a very popular type of business in the country, particularly among many OFWs?
Franchise Businesses in the Philippines
What made franchise businesses popular in the Philippines is because of its many benefits which made it easier for Filipinos, particularly among the many OFWs. One reason why OFWs had gained a lot of popularity is because of its affordability.
According to the PFA or the Philippine Franchise Association, the Negosyo franchise had gained a lot of popularity in the country because of the many new types of franchise businesses that not only gave Filipinos as well as OFWs the chance to easily start a business of their own, but also gave them a franchising cost which they can easily accommodate.
The franchise industry of the Philippines today had grown massively from less than 50 franchises in the 1990s to over a thousand today.
Benefits of Franchise Businesses
Some of the most apparent reasons why franchise businesses had gained a lot of popularity in the country is because of its affordability. Compared to most franchise businesses in the country, such as convenient stores and fast-food restaurants, a number of new franchise businesses in the country are now known for its affordable costs, which made it easier for middle-wage earners as well as OFWs to own a business. Popular types of franchise businesses that offer such costs are food cart businesses. Read more...
Franchising is a complicated field of law as it needs agreements to be put into place and existing brand names to be respected. There are different types of agreements for different business and the procedures are quite differ and expensive. So getting the right franchise legal advice is necessary for any franchise business.
For example Gyms are generally part of the larger franchise. There are some major brand names but many of them are the franchisees of the previously exist business. That’s why most of the Franchise needs the legal advice for them to clearly understand the agreement done between two parties.
If any one who is looking to start a franchise business or who are involved in it are likely to need the franchise solicitor.
This article focus on how a solicitor can help in franchise business and what are the roles and responsibilities of a franchise solicitor in terms of legal support including intellectual property advice.
One of the main reasons to involve Franchise solicitor in the business is to provide you the legal advice. For instance solicitors will be able to advice, making sure that franchise and franchisor know their rights and making sure that they have the finance to buy into the business before forwarding into it.
Drafting new agreements-
Another role is to draft new agreements between franchisor and franchise. This is most important because agreements need to abide by relevant code of ethics. This means agreements are to be considered most important, so the service of the solicitors is invaluable. Read more...
Franchising has given the Moms the opportunity to start a business, and thereby giving them a career that is rewarding and challenging. Moms, who have given up careers due to family commitment and responsibilities, have found franchise business the answer to their concerns and thus being able to pursue a career and not let the family suffer in the process. The advantage of handling a franchise business for Moms is that they are able to handle home and work at the same time, and also be successful in their enterprise.
Moms have found franchise business to be ideal form of work for them, as they financial input is minimal and being able to work according to their own work schedule and time table. With many franchise opportunities available, finding a franchise business to suit their skills, talents and interests is not a difficult task. The advantage of starting a franchise business is that Moms get all the support they need by way of guidance, help, support and the technical know-how from the franchisor. Also the benefits of Moms starting a franchise business are many, and some these are:
· Flexibility of time
· Being able to handle business from home
· Not having to leave your kids in a child care
· Being able to fulfill their dream
· Not having to do an 8 to 5 job.
· Being your own boss and not having to report to anyone.
· Being able to choose when and where you want to work and with whom.
· Being able to find a franchise business that interest them
· Operating a business that is already established
· Not having to market or promote the product, as the franchisor is responsible for marketing and advertising.
· Be a successful Mom entrepreneur Read more...
A franchise is a method of distributing goods and services by licensing a business idea or concept to another. The “Franchisor” is the legal owner of the franchised business concept and ideas, including names and logos. The “franchisee” is the individual or entity that purchases the right to use these concepts and ideas from the “Franchisor”. A “franchise Agreement” grants to the “Franchisee” a limited license and right to use and operate a recognizable outlet within a defined “Territory”, by utilizing a pre-existing business system and proprietary marks. The franchise agreement allows the franchisor to carefully control the obligations and responsibilities of the franchisee.
Studies reveal that franchise businesses experience lower default rates than independent businesses and generally have a somewhat easier time securing financing because the Franchisor typically has an established trademark and goodwill, as well as marketplace experience. Although franchises usually require upfront fees and are heavily regulated by Federal and State agencies because of their inherent risks, a Franchisee operating under one trademark can achieve levels of brand awareness, market penetration and purchasing power that business people operating individually could not ordinarily achieve.
Franchisor wants to control the content and nature of any advertising conducted by the Franchisee.
The franchisor may provide specific advertising materials and/or require the franchisee to receive franchisor approval and comply with strict advertising guidelines. Franchisor also wants to control the frequency of advertising and will require, based on costs in a given market, specific advertising spending budgets for each franchisee. Read more...