There are many reasons why many Filipinos have decided to start their own business. Some decided to start a business because they wanted to experience how to handle a business. Many have established their own businesses because many of them consider being a businessman or woman a calling, while many of today’s businesses were established as a way to generate additional income to improve their lives in the Philippines.
Whatever the reason that Filipinos have in starting a business, business still stands as a way to gain more income and as a way to prevent poverty which is still one of the main problems that many Filipinos experience in the Philippines.
Starting a Business
There are many popular businesses available in the Philippines today, and most of those are franchise businesses. The reason why franchise businesses became popular among many Filipinos is because it doesn’t require the same amount of effort put in starting a small business.
According to many business experts, the main advantage of franchise businesses is that franchisees have the advantage of starting quickly based on proven trademark, which would normally take a lot of time and effort for a business that started from scratch.
However, many still chooses to start a business of their own, and many business experts strongly agree on starting a business from scratch rather than from franchising. Part of the reason why is because owners can have more freedom in decision making which they know will improve their business rather than following what the franchisor had established.
The only problem about businesses is its cost. No matter how small the business that an individual plans on starting, there are still a number of overhead costs which are normally unforeseen expenses for starting a business. Because of this, many loaning firms and banks have started to offer a number of Small business loans Philippines which aims to assist Filipinos in their efforts for starting a business, even a small one. Popular example is BPI’s Ka-Negosyo.
Business Assistance Services
Ka-Negosyo is a new addition to BPI’s loan services which aims to assist Filipinos in their efforts of starting a business by offering them different popular business loan services such as Fast cash loan Philippines.
Because of banks such as BPI, and other popular loaning firms, many Filipinos were finally given the chance to start their own business or franchise a business even if they lack the necessary funds to achieve it.
Whatever the reason that Filipinos have in starting a business, business still stands as a way to gain more income and as a way to prevent poverty which is still one of the main problems that many Filipinos experience in the Philippines.
Starting a Business
There are many popular businesses available in the Philippines today, and most of those are franchise businesses. The reason why franchise businesses became popular among many Filipinos is because it doesn’t require the same amount of effort put in starting a small business.
According to many business experts, the main advantage of franchise businesses is that franchisees have the advantage of starting quickly based on proven trademark, which would normally take a lot of time and effort for a business that started from scratch.
However, many still chooses to start a business of their own, and many business experts strongly agree on starting a business from scratch rather than from franchising. Part of the reason why is because owners can have more freedom in decision making which they know will improve their business rather than following what the franchisor had established.
The only problem about businesses is its cost. No matter how small the business that an individual plans on starting, there are still a number of overhead costs which are normally unforeseen expenses for starting a business. Because of this, many loaning firms and banks have started to offer a number of Small business loans Philippines which aims to assist Filipinos in their efforts for starting a business, even a small one. Popular example is BPI’s Ka-Negosyo.
Business Assistance Services
Ka-Negosyo is a new addition to BPI’s loan services which aims to assist Filipinos in their efforts of starting a business by offering them different popular business loan services such as Fast cash loan Philippines.
Because of banks such as BPI, and other popular loaning firms, many Filipinos were finally given the chance to start their own business or franchise a business even if they lack the necessary funds to achieve it.
About the Author
Anita Gomez is a certified Filipino entrepreneur that owns many small and medium businesses around the country. Most of her businesses involve franchise business in the Philippines such as food carts, computer shops, and even a convenience store. But other than her hobby of managing different businesses, she have also written a number of articles about her experiences in handling a business, from conceptualization to seeking financial support, such as Fast cash loan Philippines, from loaning firms and banks such as BPI.
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