Wazzup Pilipinas!
Franchising has boomed recently because of its reliability and potential as an investment for aspiring entrepreneurs and OFW’s.
Compared to starting out on your own franchising has several benefits chief such as reduced risk on the part of the franchisee. Franchisors have developed a system that takes out the guesswork on how to run the business. The have also built up a brand elevating it from other businesses. These factors have helped the industry thrive with thousands of franchise stores opening every year. To get started with franchising here are tips to help you choose the right franchise for you.
1) Reputation and Brand
This should be the top consideration for aspiring franchisees since with today’s hyper competitive market investing in a well-known brand usually boosts your chances for success. In the water refilling industry, Aquabest is considered the top brand with more than 700 stores nationwide. The company invests in high profile marketing and advertising on television or billboards to ensure that it is top of mind among consumers. At the same time it has a solid track record of industry reputation and integrity.