Food cart and other convenient menu in Manila are endless for hunger alert. If you are in a tight budget and wants to enjoy most money in your pocket, you must have discipline in what you eat. Siomai, siopao and noodles can stop the crumbling stomach's desire in just seconds and you spend other budget for drinks or maybe in a karaoke place with your friends. There are several franchise food carts in malls specifically in shoe mart where options are so big that you cannot taste all of them in one day. Big players are siomai, ice creams, dumplings, shawarma and other Asian delicacies that is commonly loved by the consumers.
The Philippines is innovation in the food industry is getting higher and higher each year and these new entrepreneurs or business starters are the ones that worked to achieve a capital. Roaming around the mall I tasted the wrapped meat that is steamed "the siomai" and I always asked for 2 calamansi because I really like the sour taste plus the chilli paste they offer. If you are like me that is a little bit careful in spending, you might want to resist tempting food that are overly priced. The moment that you remember this short article blog, you might realize that you can save more by consuming snacks that are fairly good to alleviate the cravings. These micro businesses are always ready to provide the mass the quick food for the busy life of the running Pinoys.
By observing MRT and LRT stations, they are really accessible for everyone to refresh and cool down specially this hot season. Some of our kababayans also created and applied this advantage into making their own money machine. The food industry will always be a lucrative source of income since this is a basic need of man. Do you notice that buyers are not getting tired of buying? If you are a commuter these individuals, you will understand why. They undergo and wait for the traffic to move out and they will need to fall in line to ride another vehicle (public utility vehicle like: jeep, tricycle) just to reach their home sweet home. After that scenario, one thing is for sure; they will feel weak and lacking energy burning every protein they have walking or running either for office or house.
Food cart businesses are located in the heart of the metro or any place where busy people pass by. Terminals and main cities are populated with the food treats to both earn profit and serve the people. The best way to collect additional Philippine peso is through business. Food cart franchising seem to be a good start if you are a starter in this new career. Begin with a vision in mind previewing all possibilities before buying a stall to retail. Food carts are easy to set up anywhere but be sure to strategically locate them before operation commence. Siomai, noodles and siopao are the mass favorite of the Filipinos according to consumer statistics.
Food cart crews can make or break your business. They are the ones who cook the food, interact with the costumers, receive payments and keep the profit while you are not in your business. Finding a food cart crew is crucial. It is important to set standards to find an excellent crew. Qualifications are as follows:
1) Able and willing to cook.
2) Has good hygiene and presentable appearance. Since you are in the food sector, your representative should look clean to have a good impression from the costumers. For male, it is best to have a haircut that is 3 cm from the nape and 2 cm from the ears. For females, their hair should be tied and they should be willing to put on a hair net. Both should not have skin problems and body odor. They should also able to maintain presentable appearance despite busy times when the body is producing more perspiration.
3) Interacts well with people. People interaction is very important in sales. This may keep regular costumers and may welcome new ones. Be sure the crew is able to balance costumer relations and his duties as a food cart crew.
4) Capable of simple calculations.
5) Physically and mentally healthy
6) Has a positive Attitude.
7) Trust worthy and has no criminal background.
Now that you have your crew, it is best to build a good communication with him or her. Aside from having his or her loyalty, you will also make him or her want the food cart business to prosper. Here are practical tips to help your crew be loyal and motivated with his work:
1) Greet him as you arrive and address him or her with his/ her name.
2) Treat him or her with foods and sometimes gifts. Usually, crews have very little salary (150 PHP per day or 4,500 PHP per month), so they literally does not have much opportunity to experience foods other than the basic ones.
3) give quotas and incentives. This is a good way to may your crew motivated and self driven. When he or she reaches the target sales, you may give him or her additional 50 PHP or it depends upon your computation.
4) Do not be rude when he or she happens to make mistakes, just be firm and authoritative. Set the rules and consequences in a nice way.
5) Show him or her that you also care.
Remember that your goal is to find an excellent crew and keep him or her as long as possible to prevent from having problems in your food cart operations.
Franchising is a booming business in the Philippines today. Among all the franchising business, the food cart franchise business has the fastest growth. Main reason that food cart franchise businesses flourish today because the capital is not that big that even employees with regular pay could afford and most of the time, low capital businesses have faster return of investment compared to high capital businesses. Another reason is that it is still in the food sector. Food business has always has a fair share in the market.
What is good about franchising is that you do not need to make your own products and formulate a new business system. However, there are things to consider in choosing the best food cart business for you. Things you need to consider are as follows:
1) Evaluate how prepared are you to do business. You must be decided to take risks and be a good boss of your food cart franchise business.
2) Your maximum budget
Capital is the primary factor to consider in choosing a food cart franchise business. Calculated risks are vital to increase the rate of your business success. Make sure to set an allowance to your budget or set aside certain amount of money for emergencies and plan B. Yes, you should always have plan B. Always make sure that the food cart franchise cost alone will not occupy most of your capital. For example, your budget to start a business is 100,000 PHP, the best food cart franchise cost should only range from 30,000 PHP to 50,000 PHP. The rest of it will be allotted for your rent, additional crew uniform, product supplies, freezer (if your freezer at home is not enough to store your product supplies), tables and chairs for your costumers & others that are not included to your food cart package. Speaking about renting a space where to place your food cart business, lessors have different conditions with regards to payment but the most common is the 1 month advance and 2 months deposit scheme. Meaning, if your monthly space rental 8,000 PHP, a 1 month advance and two months deposit is required to rent he place, your total cash-out is 24,000 PHP.
It is important to write everything down in a paper for you to anticipate your soon-to-be business cost and compare it with your maximum budget. You don't wanna end up in debt at the beginning of your business venture. Remember that it takes weeks, months and even years to stabilize a business in the market.
3) Find a reputable franchise company
The success of the franchiser does not mean success of all the franchisee. But, a stable franchising company can surely back up your success. Here are questions you need to ask in choosing a franchising company:
A) company's legalities- you would not want to partner with fly- by-night franchising companies
B) How long has it been operating? A company that is operating for at least 10 years is a better option.
C) Where does this company get their product supplies? find a company who manufacture their own product so you would not have the issue of poor product availability every time you order.
D) What does the support the franchise company gives to its franchisees.
4) Find a good location. It is best to find a location near where you are living or where your chosen manager is residing so that it will be easy and accessible for you to check on your food cart franchise business. The closer the food cart location to your place, the closer the product source will be since all the products will be stored in your freezer. if your food cart location is in a commercial area, it's best to use chest cooler instead of a freezer to reduce electric consumption.
These are just basic factors to consider in starting a food cart franchise business but every business is unique, so as preparations.
Wherever you are in the Philippines, it is a requirement by the government to register the business you have whether it is a macro and micro type of business. Some of the permits are acquired at the mayor's office, barangay hall, Bureau of Internal Revenue and sometimes DTI proof is needed. In order to gain this legalities, you should submit your full name and company name as a verification that you own the business. This also ensures that you are operating a legal and real company in the Philippines.
Macro business are the types of firm that is considered big. Some of the examples are Jollibee, Mcdonald's, Yellow Cab and more. On the other hand, micro business are small enterprises like food carts and other booths that sells certain products. Upon submission of your proposal, inspections may commence if you follow the other factors or facilities that is needed for safety for both owner, staff and customers. Most common obligation is a fire exit gate and a fire extinguisher to protect the establishment for uncertain situations.
Some companies like the franchising type, your DTI permit is already registered since you are under them. It is considered as a sole proprietorship sub to the institutions trade name. Sanitation must also be done especially to water refilling station and macro businesses. If you still do not know how to get these important written permits and licenses, better yet to ask for assistance with business professionals or agencies that can help you as soon as possible.
Franchise operating offices usually have a step by step guide to educate you on how to obtain the requirements and how much will this cost you. Macro business is much expensive and has more terms to follow than the micro category.
Going the same financial routine for years? Do you ever wonder how come you do the same job, get the same and higher salary but still you're struggling to provide your family's needs and wants? Well, you should think twice if you'll still do the same strategy over and over again for your next years.
According to the National Statistical Coordination Board (NSCB), the Philippines inflation rate has an average of 4% per year. Inflation rate is the rate of change of prices (as indicated by a price index) calculated on a monthly or annual basis. In simpler terms, it's how fast the prices of goods change from time to time. Cost of living increases faster than salaries. This explains why it's hard to save big even if you budget your money every month.
Thinking and being open to new ways of earning a living is not always about adding additional jobs for you to gain more. Here is a tip selling and commission based jobs can be instantly added to your routine whatever your work is now. It does not require you anything to fit in the company because you earn your effort. It is also a potential way to get unlimited income because everyone buy goods, what ever kind of products you may want to tap in. Strategic planning and wide imagination can provide great results when you are a goal seeker. Many of the most popular tycoons today started the opportunity of selling little things and now have big businesses they have never thought would happen. They just started to do what is necessary to provide for themselves and the needs of their families.
Starting a business may need practice to, their is no 100% risk free in this world and you may want to learn the things step by step first. Some of the top entrepreneurs today go with food products and other necessities a customer really need to have, it can be clothing, school supplies and healthy drinks.
Starting to be an entrepreneur is like a child learning how to ride a bike. Dedication is needed to achieve the business success that you dream of. Going back to the child riding a bike, business also have ups and downs just like falling off the bicycle. Determine the factors that needs improvement to slowly master the art of entrepreneurship. Everyone can start their own business opportunities but you must prepare ahead of time. This includes solving possible obstacles that may contradict your business along the way.
Even if you already have the capital for investing, remember that preparation is always your first priority. This is similar to a singing contest, if you did not practice the notes you might as well fail the competition. Start a business that you think has the boom factor. This inlcudes food, salon or water refill stations but this does not mean an instant success. Study what kind of people are there in the specific spot where you will put your business. This may stimulate your problem solving skills or what we can say "street smart" thinking. One way to exercise this is observation and treating yourself as the customer who will buy. Ask yourself that if you will put the food cart franchise business here or there, will I buy as a consumer in that area? If your product targets kids then look for an area that have more kids to make them your patron.
A friendly attitude is also a vital part of being a business person. A thoughtful smile that goes dwep down to the hearts of the customer may help them remember you and your company. You will be amaze by the magic it will bring to your firm and they would not mind spending their money to your offers. Flexibility in certain situations may build a strong foundation of entrepreneurship.
Mall food businesses
Mall food businesses are extremely high on terms of foot traffic. But one must have enough capital to invest with this kind of place. This means high capital, high profit and high risk. This picture was taken at SM Marilao, Bulacan and if you still not aware, rental fees in most malls are averaging 25 to 35 thousand pesos above. The ground level has the highest price in leasing while going second floor up to the top floors comes in lower fees.
Rumors said that spots near prestige companies like Jollibee and McDonald's also have an expensive cost for rent whatever type of business it may be. Food cart franchises are mostly situated in the center part of the mall where people can easily see and eat. Food carts does not require chairs because they are considered as micro business. A franchisee must study the place or the spot before buying a franchise. This is an important reminder to plan first and somehow preview the sales statistics your invested business can have. Remember that risking without planning is a poor investment. One must know what franchise business he is buying and the list of expenses he will expect every month. A great advice from Warren Buffet one renouned millionaire from United States said "Do not put all eggs in one basket." In short, do not invest everything you have got specially for starters. Business also has its time for maturity and this means the manager and his careful planning in dealing with different kind of situations.
Having a franchise business does not always guarantee success. A true success will come from a wise strategic plan and discipline. You can start investing any time but without any business knowledge, you might want to lay low and study carefully the new opportunity that you will buy. Have time learning the facts what can make you get the best results for your business or might as well consult for a franchise assistance.
All business success took time
Everyone wants to have a business at some point in life. Some situations may include tired of having a boss which tells them what to do or gaining more fine lines in the forehead. Its perfectly okay and natural to feel this way, it is a fact that a business can be pass to the next family's generation but a job certainly cannot.
99.9% of a decent business success took time. And if you know some individuals who were very successful, you will be amaze what kind story they will have to tell you before they got the big things. One important quality these businessman have is "guts" this is like the power to walk on fire or to swim with sharks. They have the positive mind and a willful heart to remain standing despite the hardships because they want success. In creating a business, small efforts can be big little by little with ofcourse, discipline amd hardwork. Remember that there is no such thing as an instant success unless you win the lottery. The beggining of entrepreneurship is pay now and play later. Industriousness and flexibility in a consistent manner can bring more blessings in a man's life.
Balancing your wants and needs can save you money. By the time you have gathered enough capital, you can now start to build your own asset but this time you are the boss. Manage it well to pass it on to your future generation, your children.
more business ideas:
To save or to invest?
"Saving is good but remember, the value of money is deflating as years goes by."
Saving is definitely good but there one secret that businessman knows and an employee don't. Businessman are risk takers. They know that saving will not make any good although it is good. To simplify, your iPhone today may cost 30,000 pesos but after a few years it can become 25,000 pesos but it's the old model. And imagine the cost of gadgets that would never make a single peso into your pocket.
Jco Donuts originated in Indonesia and people in the Philippines are really going crazy about this delicious treat. Most Sm Malls already have Jco Donuts and it is equipped with a beautiful setting like you want to sleep inside the store. This maybe
the secret behind its success by providing quality food products and beverages. The store's Interiors also contribute great relaxing and high class feeling whatever class a customer may be.
With this statistics of success, many Filipinos would like to franchise Jco Donuts but according to Contemporain Foods
Incorporation, they are the only one who is authorized to put up Jco Donuts because they sign up for a country franchise.
Here are some alternative franchise ideas:
San Miguel Corp's bakery franchise Kambal Pandesal
Lechon liempo, manok, sisig business Lembest Lechon
Lechon manok franchise