Think and ascertain if you really want to become a player in the lechon manok and liempo business in the Philippines. Just because that you see a lot of this business around your neighborhood, it doesn’t mean it is profitable and is for everybody. Each type of business have different skills and experience requirements. Check your own background, skills, and experiences to see if you can handle this business which has a tendency to be volatile at times.
The financial requirement does not stop from paying the franchise fees and get a hold of the initial utensils and equipment to start the business running. You have to maintain a working capital to flourish the business. Be prepared with cash to operate it fully. Take note that there is a lechon manok and liempo business just around the corner. You might need ample ammunition to kill the competition.
Location is very critical in lechon manok and liempo business in the Philippines. You might discover that the good ones are already taken. Remember that an additional lechon manok and liempo stall in the area do not mean additional business. There is a tendency that you may be slicing the pie in terms of business share. In addition, the business is easily replicated. When you discover a fantastic location, expect that others will follow suit.
Management skills are very important when running one of those lechon manok and liempo stalls. You must know inventory management and other cost control strategies to operate on a profit. Lechon manok and liempo business in the Philippines is cost sensitive especially that the price of chicken and pork are static. You should also know negotiating skills so that you will have continuous supply of inventory purchased at a lower price. The franchise may only cost between P49,999.00 to P89,990 but when managed poorly the operating cost will be higher and you might...