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Dec 10 18, 12:22 pm

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DTI tells OFWs: Run your own franchise in PH for Dh350

by | Feature

Dec. 10, 18 | 12:22 pm

DUBAI: Overseas Filipino workers (OFWs) planning to have something for their retirement has the option to go into franchising where they can start up in the Philippines for as low as Php5,000 or Dh350, said Commercial Attaché Charmaine S. Yalong,” said Yalong.

“There is a wide range of business opportunities in the Philippines especially now with the vibrant economy,” said Yalong.

“Pero pinaka-sina-suggest namin ay franchising kasi sabi nga, ‘least fears, least tears,” she added explaining that franchise owners usually provide full support if the OFW setting up the business is having difficulties or is going through learning curves for lack of experience in the field.

“Yun ang pinakamaganda dahil yung mga franchise owners ang magtuturo sa iyo kung paano i-market ang production, paano i-set up, paano i-train ang mga staff at paano i-manage financially,” Yaling said. (It’s the best choice because franchise owners will teach you how to market it, teach you about the production, how to set up the business, how to train the staff and how to manage the operation financially.)

Yalong said capital outlay varies. “Ang franchising ay napaka-wide ranged; may low segment, may medium ay may large segment. Yung mga low segment ay yung mga food court. It can go as low as Php5,000 to Php10,000. Kailangan lamang mahanap natin yung appropriate at tamang business para sa iyo at given din yung capital outlay.”

Commercial Attache Charmaine S. Yalong

(Franchising is very wide ranged. There are low, medium and large segments. Low segments are those in food courts. It can go as low as Php5,000 to Php10,000. You only need to find the appropriate business given the capital outlay.)

Yalong said franchises in this range are usually coconut juice stands with brand names that are not as popular.

Yalong said it is easy to determine a sham franchise owner in the Philippines. “You can check the listing at the Securities and Exchange Commission (SEC), or Department of Trade and Industry (DTI) to know of the company is registered,” she said.

Besides, Yalong said, “We have a very, very active association of franchisers in the Philippines.”

“So, marami silang members dun. Pwede nyo ring tignan dun at actually kung gusto nyong makasiguro, pwede rin kayong makapamili sa mga members nung association,” she said. (They have many members. You can check the list and actually select from it which one you’d like to put your money in.)

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THE FILIPINO TIMES is the biggest and most trusted Filipino newspaper in the UAE.

It has a print run of 60,000 copies and 250,000 readership per week; bolstered by 1 million visitors to its website every month. It also has an e-newsletter sent to its 250,000 subscribers every day.

The Filipino Times is FREE and has the widest targeted circulation across the 7 emirates of the UAE.

With more than 2,500 strategic distribution spots, TFT is available where the Filipinos are - at Smart Bus Shelters, Metro Stations, restaurants, supermarkets, schools, airport lounges, Emirates and Etihad Philippine-bound flights, churches, Filipino community events and many more.

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