Franchising: Best Way for OFWs to Start a Business – Many overseas Filipino workers (OFWs) ventured into business through franchising. They either manage their own franchise business after they returned home or they entrusted their investment to their families or relatives in the country while working abroad.
Given their sometimes limited knowledge, skills and resources to go into business, franchising is the first option for them. They do not need to start from scratch as they are going to sell a known brand backed by effective systems and support services in place.
By getting into franchising, the OFWs have easier time reintegrating into society upon their return. When they come home, they have a business waiting for them, their money is not squandered and they are assured of a better and secured future after word abroad. In the process, they learn to manage their own businesses as opposed to continually looking for work abroad.
Most of the OFW franchisees got their food, non-food and service franchise business from the Association of Filipino Franchisers Inc. franchisor-members. AFFI franchise is a good choice because Filipino small and medium entrepreneurs have painstakingly developed Filipino brands, and their franchise does not come with a hefty royalty fee.
Furthermore, the franchising business concept has been tried and tested and it already has business models that are proven to be effective and successful.