CANBERRA - The Philippines Department of Trade and Industry (DTI) through the Philippine Trade and Investment Center (PTIC) in Sydney, Australia, partnered with Expand Franchising and other organizations to promote franchising and other investment opportunities in the Philippines.
The first franchising seminar was conducted on 19 February 2019 in Campbeltown in New South Wales, in partnership with Narra Co-operative, Inc., a membership co-op comprising Filipino-Australians.
Mr. Rudolf Kotik of RK Franchise Consultancy presents franchising trends and opportunities to Australia Philippines Business Council members and guests.
On 20 February 2019, PTIC-Sydney hosted a coffee talk on franchising and a series of small group business consultations with Expand Franchising.
The Australia Philippines Business Council (APBC) hosted a seminar on “Franchising Trends and Opportunities” on 21 February 2019.
Special Trade Representative to Australia Ms. Alma Argayoso said that the franchising seminars and business consultations are initiatives under the Trabaho (jobs), Negosyo (business), Kabuhayan (livelihood) [TNK] program of the DTI.
The TNK is a DTI program in partnership with other government agencies, private sector, academe and civil society organizations, to promote entrepreneurship and generate employment.
Mr. Rudolf Kotik of RK Franchise Consultancy discusses with a group of interested overseas Filipinos and other guests the various opportunities in franchising.
“We aim to help our Kababayans or their families back home invest in viable economic activities in the Philippines by providing them with information and resources to help them succeed as entrepreneurs”, Argayoso said.
“Franchising is one of the business opportunities that we promote because it’s an important tool for economic development that creates thousands of enterprises and generates millions of jobs,” Argayoso added.
Philippine Ambassador to Australia Ma. Hellen B. De La Vega noted the significance of the initiative. The Ambassador said, “The Filipino community in Australia is successful and their excellence is widely-recognized. The Philippines is one of the fastest growing economies in Asia and I encourage Filipinos and our friends here in Australia to seize the many opportunities in our country.”
Mr. Ignacio Gimenez of Expand Franchising brought to Australia its partner in the Philippines, RK Franchise Consultancy, Inc., represented by its founder, Mr. Rudolf Kotik. Mr. Kotik has over 40 years of experience in the franchising business and developed over 800 brands in the Philippines and abroad.
Mr. Kotik presented franchising trends, opportunities as well as its benefits. He also discussed the procedures and steps to become a franchisee or a franchisor and advised those who would like to scale up and open their business for franchising.
“We believe owning a franchise is a good investment. It has less risk than an independent start-up with an average ROI of two years and the opportunity to grow the business more rapidly than an independent business,” Kotik said.
“It’s the biggest and most successful business system in the world and the Philippines is in the top ten with the most number of franchise units globally. Among the latest trends are innovative food and beverage outlets, self-service laundromats, education and tutorial services, specialized beauty services, and animal care services,” Kotik added.
PTIC-Sydney hosts a coffee talk on franchising at the Descano Café.
While most of the interested parties were overseas or former Filipinos looking for a franchise to set-up in the Philippines or bring to Australia, a number of foreigners also expressed interest in the co-ownership arrangements where several investors can buy 80% share in the franchise while 20% remains with the franchisor. The franchisor will run the business and provide monthly financial reports and quarterly dividends. This is a win-win arrangement where a franchisor uses OPM or Other People’s Money to grow the business, while a franchisee invests in a business without having to worry about the day-to-day operations. -- END