Research where it originates
Every company has its own story and researching for this allows you to explore who is the owner and what is the future vision of the firm. It will also give you a peace of mind that the company really exists despite of many bogus companies in the World Wide Web. Videos and music are one of the coolest things that is shared online, be sure to watch and listen to the vital information that is mandated for you to know as an inquirer. Do not believe in hear says, collect the information yourself and see what the history is all about.
Is the Company Registered?
A high number of businesses are in service in the Philippines but not all of them are registered. Explore its affiliations and recognitions. FIFA (Filipino International Franchise Association) DTI (Department of Trade and Industry) and BIR (Bureau of Internal Revenue) are the common legalities in operating a lechon manok franchise company. It is better to see the permits offline to ensure that you are dealing with an honest company and has outlets or stalls operating in some areas in the Philippines. According to the statistics, a company is considered strong if it survive for more than 5 years and most strong companies are the ones that distributes common products like food, clothes, hardware and gadgets. These are the top commodities in the business industry today that makes good revenue.
Products of the Company
An essential part of any firm is their foodstuffs. Inspect and know the quality of what they carry to secure you from complaints or issues regarding the products if flawed. Remember the safety and satisfaction of the public marketers was your offers will be distributed. Check the quality, structure or recipe whatever the product is and act as if you are the consumer buying for the sale. Be a critic like a hard to please customer; this is the way to know the products edge and potential.
Knowing the price means knowing the market. This is everything in business if you want to sell a certain product. If the price is too high you must strategically place your office in a place like Makati or Ortigas were the cost of living and demand is high. In that way you can still provide for the public needs even with a highly priced need. It is easier to sell low priced products because everyone can buy it but still needs a wise decision before putting and setting everything up on its space.
Terms and Condition
Read carefully before signing the agreement of the business deal. This should be an automatic response for any entrepreneurs that want to start a new career in the world of retailing. Check for royalty fees or any hidden charges to estimate what is the real budget of the investment. This is a preventive way for your sake before making any big decisions in a specific business agreement. If you know someone or have a relative that can help you, do not hesitate to ask their presence before making further steps.
Since franchise is a system that is already made, support will be your main concern. The franchisee should be aware about. What kind of support will he get. Is it limited to product support or does it support advertisement for continuous nationwide marketing. Each company varies regarding this matter and it usually depends on what kind of services or product the company provides.
Potential for growth
Preview 5 years from now if the company will grow continuously to maximize your investment and be to re invest and multiply. If cannot imagine that the office will have a chance to prosper one day, think more than twice before making prominent decisions. Be sure to always get a win buy and sell business to business (B2B) to create good profits and save time.
Return of Investment
An investor should know how long will his capital be returned. An actual preview of computation should be presented to you if possible to ensure your return of investment. Know the target sales everyday to slowly meet the goal of return. Do not invest right away if you think the data are not convincing enough to support your daily sales demand. The return of investment will also depend on what you cater and where you sell it to. Business is how to sell strategically to people in need of the commodity.
Supplies and Demand
If ever you engage with the company and do the systems’ operation, ask the right department if supplies will ran out. Food is certainly a demand for everyone. It should be not a problem for seller to distribute it.
Manpower service is an important factor for business success. This must be implemented by the franchisor to provide good service to the public. The training should cover everything from cooking, sanitation and proper product handling especially for perishable goods. It is excellent if crews have their clean uniform as this can attract loyal customers to buy the seller’s product. A friendly attitude and accommodating response to consumers can retain and develop a harmonious relationship for the trading business. The essence of all businesses is “good service” and it should come from the manpower instruction and actual hands on application.
If an investor's savings or capital is not enough, one can still invest by searching a capable partner for team up. Experienced businessmen are good partners since these guys know how important time and money is. Do not deal with newbie but it is up to you to consider and disapprove. Be careful when choosing a partner because profits are divided by two and could take a lifetime if you mutually agreed with each other. Siblings or relatives are not always recommended but serious talk should solve the problems and other issues. Personal matters should be left at home when business hours begin.
Follow your Instinct
Before making a contract with any business to business firm, treat an investment like a food in a slow cooking process. A quick decision must be avoided to carefully think about the return of investment and increase profit. If you feel like an investment project or program does not sound good, follow the spirit within you before making any conclusion.