EFI and Philippine Franchise Asia see fast growing future of SMEs

I've been planning to put up my own business.  I am one of those people who aspire to be the boss someday. People who, in a way are already tired in coming to work and make other people rich. Hehehe.

To add to the pressure is my age. As the working population gets younger and younger, who would hire a 30s guy like me, should I (heaven forbids) suddenly lose my job.

So the solution now is to put up my own business.  The question is, am I going to create my own business or should I franchise? and What are the available options and financial help around that will ease the burden of starting up should my savings fell short?

Let's try franchising as conceptualizing on a new business, its model and its cost will sure take me forever.

According to the International Franchise Association (IFA), franchising currently represents 18 million jobs and $2.1 trillion worth of economic activity in the U.S. 

In Southeast Asia, the Philippines leads in terms of franchise concept development. Last year, more than 124,000 franchisees offered the products and services of over 1,100 franchisors in the country. The industry generated more than a million jobs while recording a total of $9.45 billion output—equal to five percent of the country’s total gross domestic product (GDP).

So franchising seems to be a good choice.

According to Philippine Franchising Association chairman Lim said that the recent growth can be attributed to the entry of new players from micro, small and medium enterprises (MSMEs), the continued rise of the business process outsourcing (BPO) industry, and the introduction of indigenous and food concepts. 

In the photo: In the center ESQUIRE Financing Inc.'s
CEO Rajan Uttamchandani with staff at the inauguration
of the new  CAPITALIFE Business Center in Makati.

Raising your capital can be daunting too. In times that saved money is not enough to put up your own business, financing firms like Esquire Financing, Inc. (EFI) can be a partner to your success.

EFI president and CEO, Rahan Uttamchandani said “MSMEs are the pillars of growth of the Philippine economy. They will catapult economic production into greater numbers through job development,” 

EFI also recognizes the potential in funding the development of emerging enterprises, especially now when there is positive economic growth in the country.

So dear poets, if you want to learn more about how EFI can help you grow your SME with its fast and efficient financial solutions by visiting http://esquire.com.ph/, or contact David@esquire.com.ph or call 0917-5135573.