|More and more OFWs and Balikbayans are leaning to franchising to start a business|
National Franchising and Business opportunity Fair is a co-located event of 8th Mega Balik Bayan OFW Expo which will be held on December 9, 10 & 11 2011 at SM Mega mall Trade hall.
Christmas is the most celebrated season in our country and the time when even Filipinos working abroad scheduled there home coming to spend the occasion with their loved one.
Other than having a vacation for the mean time and spending quality time with their love ones, setting up a business is also one of the few goals OFW or overseas Filipino workers have planned. Although many OFW consider their work abroad as their main source of income for the rest of their lives, many of today’s OFWs consider their work as a first step for them to establish a life better.
This life is possible by starting their own business which will serve as their main source of income if managed well.
Owning a franchise business in the Philippines is fast becoming one of the most popular and most effective ways to gain financial stability. A lot of young entrepreneurs are getting into this type of business more and more each day.
True enough, with a 90% success rate franchising a business is booming. The industry has only been in the Philippines for about 11 years but according to the Association of Filipino Franchisers. Inc. (AFFI), there is now about 900 franchises all over the country! In fact, the Philippines is now known as the “franchise hub of Asia”.
For more information about the 8th Mega Balikbayan OFW Expo call tel. no. 643.3887.
DESPITE the availability of assistance programs and light payment or investment schemes, only two overseas Filipino worker (OFW) households out of 10 choose to invest or save the remittances they regularly receive.
Based on a study made by The Nielsen Co., only around 17 percent of households said remittances go to savings and investments, while a whopping 96 percent of OFW households spend it on basic needs, such as food, utilities, bills, rent and education.
This data is very alarming and it only makes the task compelling in creating avenues for OFW and Balikbayan to be educated in entrepreneurship and wise investment.
In 2010 OFWs sent a total of $18.7 billion worth of remittances. If a large chunk of this remittance is invested into creating business a lot of people will have jobs and the trend of going abroad just to earn for a living will be abated.
This is the reason why Mega Balikbayan OFW Expo, an eight year event advocating entrepreneurship and investment directed at OFWs and Balikbayan continue to grow and reach-out this segment of the society.
Business has a multiplier effect that can make the nation progressive. The OFWs and Balikbayan have the income to enter in a business provided they are guided and educated there is no reason they cannot be successful in this field.
Government figures showed that for the January-to-June period, OFWs already sent $11.3 billion worth of remittances, despite the global crises, which initially was expected to cut remittances in 2011.
This figure if only we can harness has a very promising potential in stimulating our economy to unprecedented growth.
As for Mega Balikbayan OFW Expo, the event is slated this December 9-11,2011 at Megatrade, SM Megamall.
For more information, call tel. 643.3887 or email at firstname.lastname@example.org.
Another tourism congress will be held this coming November 10, 2011 at the PICC. The goal is to rectify what was wrong in the first tourism congress and to elect a new leadership in the private sector.
Last time around, the result created disunity and stalled what could have been positive action plans to uplift our tourism industry using the new tourism law.
It is with high hopes that this second Tourism Congress will create unity and move forward the industry.
As in any other body, there are a lot of groups and individuals who are trying to grab a seat or voice in the congress just to satisfy their self interest and not the industry. This is what we have to guard and be vigilant about.
Our tourism is one of the sunshine industries if only all the members of the sector will keep this in mind that we first serve our country before our interest.