RP Franchise Firms Push Entrepreneurship

Inquirer.net:

A group of some 80 homegrown franchise firms, which are small- and medium-scale, recently embarked on a campaign to promote entrepreneurship as their combined sales grew 31% to P13.8 billion in 2007.

Rommel T. Juan, president of the Association of Filipino Franchisers Inc., said in an interview that the group has grown to represent 1% of the country’s gross domestic product from a handful of 10 founding member-firms in 1997.

‘From a few outlets, we now have more than 4,000 spread across the country,’ Juan said. ‘From a few helpers, we now employ more than 24,000 employees.’

Juan said AFFI members’ collective growth of 31% bested industry averages while they averaged P38 million in daily sales last year.

‘In this backdrop, AFFI has launched our Kabuhayang Pinoy Muna (KPM) advocacy campaign, consistent with our commitment to develop and support local entrepreneurship,’ he added. Read more.