Franchising is a popular business venture here in the Philippines. Everywhere you look, there is almost always one form of franchise or another. However, just because other people have earned a lot from franchises doesn't mean that you won't encounter problems of your own.
Before you say yes to a franchisor and ante up the franchise fee, here are a few tips to keep in mind:
(First published as "Franchising Facts" in the "Good Money" section of Good Housekeeping Philippines' Jan-Feb 2009 issue. Adapted for use in Female Network. Photo by Kaje via Flickr Creative Commons.)