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Bartolome endorses franchising to PCARRD

Be your own boss and franchise your way to success.

This was the pitch of franchise guru Armando “Butz” Bartolome during his lecture on franchising opportunities in the country at PCARRD, Los Baños, Laguna last January 22.

As president of GMB Franchise Developers and having worked in the industry for more than 20 years, Bartolome gave important tips and information on the franchising business. He advised PCARRD officials and staff not to be contented of being mere employees but to start planning their future and have their own employees. He added that one has to be willing to learn and proactive toward the future.

Franchising is a way of “getting a business for yourself but not by yourself” since the franchiser provides everything for a certain amount of capital. Thus, it is also about establishing a healthy relationship between the franchiser and the franchisee. Bartolome guaranteed that franchising is more profitable than putting up one from “square one.”

For as low as P150,000 investment, a franchised business already has its defined systems and procedures, a support team and the brand name that attracts more consumers. Plus, the franchiser gives a complete and continuous training to its franchisee before continuing its operations. “May support, may procedure, may training. Hindi ka na mag-iisip. All you have to do is take care of the business, be there and manage the business yourself,” Bartolome assured his audience.

Given that the main requirement in franchising is the capital, Bartolome helped establish the Small Business Corporation (SBCorporation) for aspiring businessmen who are interested in franchising but lack the money for such investment. SBCorporation assists potential entrepreneurs by lending them the amount they need to franchise a business. It differs from other lending companies in a way that it doesn’t require collateral. The franchiser or the one who owns the business will serve as the guarantor. In addition, the franchiser will only start paying six months after setting up his business.

After presenting a glimpse of what could be expected in franchising, Bartolome challenged the PCARRD staff to take advantage of the opportunities offered by franchising.

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