As franchise opportunities continue to grow all over the United States, similar growth is taking place in this industry worldwide. My Franchise Center, a Web site that provides franchise information and assistance to those interested in this industry, has noticed that the increase in business opportunities for franchisees in the Philippines has been particularly drastic. As the Philippines continue to grow and contribute to the global economy, this is a sign of the role that franchises are playing in financial markets worldwide.
The business franchise sector in the Philippines now accounts for approximately five percent of the country’s gross domestic product, according to the Philippine Franchise Association. There are approximately 900 business franchise concepts in the Philippines today. This might seem like a small number compared to the 3,000 business franchise concepts in the United States, but it is actually quite impressive considering the size of the country.
Franchise opportunities have contributed greatly to the growth of the Philippine economy since they began cropping up on the island nation in the 1980s. The role that franchises are playing in the Republic of the Philippines mirrors the role that this type of business plays in the United States and other developed countries. These business opportunities drive economic growth, provide jobs, build brand names and give people the opportunity to own their own business.
Franchises that originated in the United States are also finding new business opportunities in countries like the Philippines. The industry is spurring economic growth in small towns and big cities worldwide. For more franchise information regarding business opportunities in the United States and abroad, visit www.myfranchisecenter.com.
About My Franchise Center:
The My Franchise Center Web site helps people to find important information about the business franchise industry – what are franchises, where can you get one and what are the advantages of buying them. By taking five minutes of time, anyone can learn the basics about starting in the business franchise industry. The team at My Franchise Center tries to provide the best services for their customers.
Any person who is interested in franchise opportunities can learn more through this Web site. My Franchise Center also provides assistance on any level, and great customer service overall. The information on the site is continuously being updated, so customers will never be left behind.