Jollibee franchise

How to get a Jollibee franchise
By Ike Señeres
INQUIRER.net
First Posted 14:06:00 01/18/2008

OVERSEAS FILIPINO WORKERS all over the world now have a chance to own or co-own big or small franchised businesses, through payment schemes and acquisition terms that are very friendly to them.

Leo Hernandez, a management consultant, business school lecturer and cooperatives expert, has come up with an innovative program that would enable OFWs to become part owners of leading fast food franchises, by investing any amount they can afford. Hernandez said the key to the success of the program is the cooperative approach, because it is the only way of opening the opportunity to small investors while protecting their investments with ownership certificates at the same time.

As an initial goal, Hernandez is now organizing the first cooperative that would buy a Jollibee franchise located in Metro Manila. Hernandez said that the franchise is sure to cost millions of pesos, but “there is nothing that the OFWs could not afford to buy if they would just put their money together, ambag-ambag (contribution) style.”

Citing some figures, Hernandez said that 100 OFWs investing $1,000 each could already generate close to P5 million. He said that this could have a multiplier effect according to him, since it would be very easy to add more OFW investors to the original 100 because of the security conferred by the ownership certificates.

Hernandez also said that being a part owner of a Jollibee franchise is definitely a better and safer investment than owning a tricycle or taxi, the usual choices of returning OFWs without an investment plan. “That is basically going to be our appeal, our ability to channel their hard earned money into investments that have more chances of earning, and therefore with lesser chances of failure,” Hernandez added.

source: http://globalnation.inquirer.net

related online discussion @ Pinoy Money Talk
Topic : Pooling resources to setup a franchise

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Commission on Filipinos Overseas (CFO) develops biz guide for OFW

Saturday, February 09, 2008
CFO develops biz guide for OFW

THE Commission on Filipinos Overseas (CFO) has developed a compilation called the Investment and Business Guide for Overseas Filipinos, a basic guidebook containing a broad spectrum of business and investment options in the Philippines.

The guidebook, CFO said, was developed to encourage Filipinos, particularly those reacquiring citizenship who have accumulated considerable savings to seriously look into prospect of investing in the country.

The Commission has identified major investment areas that are highly gaining ground in the Philippines such as the development of tourism and leisure facilities, investing in franchise, establishment of pre-schools and independent learning institutions.

Also included are options in highly competitive industries such as export and agribusiness, oil industry, asset and property management, and the operation of banks and other lending institutions.

To help businessmen and potential investors who would choose to invest in areas outside highly urbanized cities, information to help assess the competitiveness of Philippine cities in terms of their abilities are also provided in the compilation. The compilation is in a CD format.

It also contains the fundamentals of doing business in the country such as the basic requirement and standard procedure for the establishment of a corporation, partnership or cooperative, and guides prospective investors in the application for licenses, registration, and accreditation of specific business entities.

source : http://www.sunstar.com.ph
related link : Commision on Filipino Overseas

BAK FOR GUD

Lessons From Francisco Colayco.

• matutong magpalago ng pera.
• income - savings = expenses
• pag-usapan ng pamilya ang lahat ng bagay tungkol sa pera. money is a family matter.
  
• financial literacy is key to success. it's all about mindset.

This is the 1st of a series of DVDs from Colayco Foundation, titled PISOBILITIES 1 Bak por gud. Patikim pa lang ito, it will be available soon and i'm planning to buy one.