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Follow on Google News | Francorp Philippines Celebrates 15th Year In BusinessFrancorp’s Chairman, Mr. Don Boroian, attended Francorp Philippines’ 15 year anniversary of consulting and developing world class franchises in the Philippines.
By: Francorp Inc. While speaking in Manila, Boroian gave presentation to thousands of attendees covering topics on Franchising In The 21st Century: How The Rules Have Changed, Today’s Hottest Trends In Franchising Worldwide, Multi-Branding: Franchising in the Philippines has reached new heights in 2011, and will continue to grow at a rapid rate into 2012. According to Francorp Philippines, the domestic franchising industry posted a strong 17% growth in 2011 with sales reaching US$11 billion from US$9.4 billion the year before. In a recent statement made by Francorp Philippines they say franchising now comprises an estimated 30% of total retail sales in the Philippines. The astounding numbers from Francorp Philippines don’t stop there. From 2000 to 2011, the franchise industry registered an overwhelming 262% jump while it employed 1.03 million among 1,300 franchisors and 125,000 franchisees. “Though there is a worldwide recession, it has not severely affected the Philippine market. You also have political stability, which is a great asset for companies expanding franchises versus other countries that might have a strong economic base but with political issues,” said Don Boroian. According to the Philippine Franchise Association, in 2010, the bulk of franchises consisted of the food sector (42%), retail (34%) and service (24%). “Franchising has a high success rate. Filipinos believe in the system and once entrepreneurs put 100% of their attention to their business, the results are simply unimaginable,” Currently, Mr. Lim has indicated that the Philippine Franchise Association is in talks with the Philippine Stock Exchange (PSE) to attract more franchise-oriented firms to list on the local bourse as another fund-raising strategy. Mr. Lim says he hopes to have 10 companies listed within the next two years. Francorp has been in operation for over 36 years, making it the world’s oldest and largest franchise consulting firm and has assisted over 3,000 companies with franchise expansion. With an entrepreneurial mindset, Francorp provides an “all under one roof” approach which allows companies to focus on their business and have one single point of contact and consultation. Francorp has offices all over the world and assists all kinds of business in franchise expansion. To learn more about Francorp and how they can help your business expand via franchising, visit their website at http://www.francorp.com. If you are interested in learning more about franchising your business, contact Francorp at 708-481-2900 to speak with a Franchise Analyst today, or visit http://www.francorp.com. Click here to view Jimmy John’s video testimonial to get a customer’s view on how Francorp is the right choice for anyone who wants to franchise, http://www.screencast.com/ For those of you interested in obtaining information on buying a franchise, please visit http://www.francorpconnect.com. # # # Founded by Don Boroian in 1976, Francorp is the worldwide leader in franchise consulting and development. While at Francorp, clients receive expertise and industry experience needed to help you expand your business in the direction of success. For over 36 years Francorp has franchised over 2,000 businesses and consulted with over 10,000 different companies dealing with franchise expansion. Catering to the entrepreneurial mindset, Francorp provides an “all under one roof” approach which allows for you to focus on your business and have one single point of contact and consultation. From beginning to end, Francorp has professionals working with you making sure everything is done efficiently and effectively. End
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