1. I know this sounds cliché but choose a franchise concept that you really like. It is a well-known fact that it is easier to do things when you like what you’re doing.
2. Choose a franchise that is not a trend/fad. For instance, pearl shakes are a trendy business. However, the market has already matured as of this moment.
3. Choose a franchise depending on your risk tolerance. For start up entrepreneurs, do not get franchises more than 1 million pesos.
4. Are you ready to be entpreneur? There is a big difference between running a business and working for someone. Make sure you take tests(many are available online) or make a good self-assesment if you have the qualities of an entrepreneur. Remember that money alone does not guarantee a successfull business.
