Many Filipinos, especially OFWs, choose franchising to get an immediate and convenient headstart in business.
Buying a turn-key franchise, rather than building a business from the ground up, is also a great way for individuals to fast-track their learning on how to run and manage a business.
While franchising a business tends to be more expensive than starting your own, the time you save in business planning and development often makes it worth the price.
For many years, a lot of people all of over the world have benefited from this innovative business model – but have you ever wondered who first thought of this business concept?
The 6-minute educational video below from TED Ed, tells us the very interesting origins of the franchise. And I hope you enjoy watching this one as much as I did.
- The Five Advantages of Franchising A Business
- Start Your Own or Buy A Franchise Business, How Do You Decide?
- Buying A Franchise Business: How To Know If You’re Ready
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