The Philippines continues to remain the franchising capital of Asia. One of our greatest successes as a country is having over 150,000 franchise outlets with thousands of happy franchisees. The Philippines continues to remain the franchising capital of Asia. One of our greatest successes as a country is having over 150,000 franchise outlets with thousands of happy franchisees.
With its high acceptability and 90% success rate over traditional do-it-yourself businesses, it has been a pretty typical case that a franchisee can own two or more franchise stores. Another great story is that a franchisee can actually own two franchise concepts that are different in category, because of the great business experience with the first franchise store.
Although there are a lot of success stories, there are still a few that have failed, and it almost always starts with their mindset. Here are three mindsets you need to change when entering franchising:
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