Inquirer.net:

Building a business from scratch is a daunting prospect. According to studies, only one of every four start-up enterprises is likely to survive.

While there’s no greater financial and psychological satisfaction than building your own empire, there is now an easier route to success for those entrepreneurs who wish to bypass the trial-and-error phase.

Through franchising, a start-up entrepreneur can replicate an improved business concept of another. Here, the chance of a newbie succeeding is over 90 percent.

With this in mind, BPI Family Bank recently rolled out the country’s first credit facility for entrepreneurs who would prefer to start up “tried and tested” businesses.

Two-year loancarry on reading.

 

Originally posted by Cris Zimermann on March 29, 2011 in Franchise Site.

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