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.
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.
Factors like the continuing substantiative role of technology has allowed the franchise trade to expand round the globe in unexampled ways in which. a number of the franchise businesses that have succeeded at reaching this year’s high a hundred world Franchises Report have attained their place supported variety of specific criteria, with every facet light a first enterprise.
This year’s report covers however world franchising is dynamical so far, international markets that area unit experiencing expansive success and interest from investors, also as a number of the most recent franchise industries that area unit creating headway internationally with AN hyperbolic show of prospective franchisee interest. the explanations behind the success of a number of this year’s chart toppers area unit coupled not solely to the quantity of recent locations opened worldwide however additionally to diversifications franchise systems create to stay relevant in AN ever dynamical world.
One example of this found within the report is 7-Eleven, an extended standing international franchise that continues to change its stripes to higher mix with the scene of franchising because it changes. per the report, “7-Eleven is withal growing and experiencing sure transitions to change its array of merchandise. Evolving on the far side primary commodities of fuel, cigarettes and snacks, the shop is creating moves to become additional of a destination instead of a stop on the system.” These innovations of a franchise are also the foundation of its operation replicate the innovation necessary to achieve a worldwide market over time. during this case, such innovation reflects a temperament to leap into food service choices for visiting customers to maneuver on the far side the everyday product choice of former years, adapting to demand and a dynamical food industry.
The “Honorable Mention” section of this year’s report options franchise systems that fall under the 101-125 bracket, a number of that having improved previous year ranking, and focuses on observance the up and coming back franchises which will alright reach the 1-100 bracket into the long run. the quantity of undefeated franchise systems creating waves in terms of world growth and also the alternative varied criteria may simply move up from this bracket in future years, that indicates the ever dynamical franchise system across the globe and also the opportunities that also exist. although the highest 10 remains mostly unchanged, with 9/10 franchises enjoying identical 1-10 rank as last year, the actual fact that any modification from year to year happens actually highlights the dynamic nature of franchising.
As the results of a centered compilation effort going down over many months, the Franchise Direct team delivers this report back to potential and existing franchisees and franchisors, trade professionals, and anyone curious about the worldwide franchise trade. careful info at intervals the report is efficacious to each potential and existing franchisees and franchisors UN agency want to any take into account however internationally undefeated enterprises area unit established and sustained year once year. What makes a undefeated franchise and the way do a number of these franchise systems reside the highest year once year? What will franchising normally learn from reports like this and the way will this contribute to excellence in franchising in spite of the world or country within which franchises operate?
While the UK’s fragile economy continues to throw a dark shadow over state figures, many of us ar taking advantage of their scenario by securing their future and finance in an exceedingly franchise. Here Jenna Leeds provides America twenty one blessings of being a franchise owner
1. you\'re on your own, however not alone – Franchise house owners fancy the good thing about being their own boss, however have the advantage of receiving support from the franchisor and also the franchise network.
2. Less risks –The business risks two-faced by franchise house owners ar reduced significantly, however perpetually bear in mind there ar risks in any enterprise.
3. quicker launch – Franchises house owners fancy a shorter learning curve, as they'll receive help from the franchisor, that has expertise of beginning new operations and locations.
4. Easier access to funds – As franchises have a ninety five per cent success rate, banks ar willing to produce funds. for instance NatWest put aside £100 million in 2011 specifically for the franchise trade.
5. help to spot the proper location – Franchisors can have already done their own analysis to search out the most effective territories for his or her business opportunities.
6. A ready-made skilled image – whole recognition is one in every of the keys to a palmy business and with a franchise this can already be in situ.
7. Learn quicker and a lot of effectively – A franchisor's coaching programme can supply its franchise house owners a comprehensive background in business before they launch their franchise.
8. A tried business arrange – Franchise house owners replicate a business arrange that has already been in operation with success for others.
9. Avoid pricey mistakes – no matter challenges a franchise owner can face, the franchisor can have already got two-faced them and can have the solutions.
10. straightforward accounting and money systems – Franchise house owners haven't got to fret concerning crunching numbers to create certain taxes and prices all add up. Franchisors offer easy-to-use accounting and money systems already in situ.
11. Peer recognition – several franchisors hold conventions and awards, wherever toil is acknowledged and franchise house owners will forge business relationships and friendships.
12. Easier to secure new business – By in operation below a longtime whole, franchise house owners can notice it easier to induce new contracts than if that they had started a brand new business from scratch.
13. National and regional promoting – Franchisors can use a share of the Management service charge (MSF) or dedicated promoting fee towards promoting their whole mistreatment national and regional advertising.
14. Lower inventory costs – The collective shopping for power of a franchise cluster will lower the value of inventory and instrumentation, saving franchise house owners plenty of cash.
15. analysis and development – when a brand new innovation is formed, franchise house owners can directly profit and incorporate these enhancements into their perpetually evolving business.
16. Franchises will produce new success trends – Franchises are typically supported an ingenious conception and encourage different businesses to follow their lead. Franchise house owners reap the benefits of this success.
17. Easier employees recruiting – A franchise business with a recognised name can have larger recruiting power than Associate in Nursing unknown business.
18. selection of operating hours – As they're their own boss, franchise house owners will select what hours they require to figure. this suggests they will prepare their day to suit in with family or different commitments.
19. a better success rate – Not solely are ninety five per cent of franchise house owners palmy however they regularly additionally fancy larger turnover and profit compared to non-franchised businesses.
20. a better selling worth – By being a part of a across the country recognised whole, a franchise owner's business can typically be price over Associate in Nursing severally owned company.
21. Job satisfaction – the bulk of franchise house owners invest in an exceedingly franchise, that they're inquisitive about and feel keen about. it should be toil running a business however once it\'s for a whole that you simply believe, it makes the trouble worthy.
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