The Department of Trade and Industry in the Autonomous Region in Muslim Mindanao (DTI-ARMM) conducted the 1st franchising expo on October 4, at the region’s seat in Cotabato City.
DTI-ARMM Secretary Atty. Anwar Malang said the expo, attended by officials and employees of the different line agencies, academe, and local businessmen, was aimed to provide the participants knowledge on entrepreneurship and business development.
The activity featured four speakers who discussed the various aspects of business and franchising opportunities in the region. It also featured talks from experts on trends in the field of franchising.
Atty. Malang sees an upward growth of the region’s economy noting that the franchising expo provides an opportunity for business seekers and those who are planning to expand an existing business to gain valuable knowledge, insight, and guidance.
Norma Arcega-Oro, DTI-ARMM senior trade-industry development specialist, discussed ways and techniques on how to start a business. A team from Metrobank, meanwhile, shared inputs on how to fund a business venture and manage capital.
Jed Arboleda, Philippine Franchise Association (PFA) consultant, said the potential for the growth of franchising in the ARMM is high. “Franchising is one of the best ways to increase the number of stores because you use other people’s money,” he said.
He also discussed ways on how to invest in the right franchise educating the participants in making wise decisions before investing.
The general public can join a business matching event October 5 at the ORG Compound in Cotabato City.
The activity is a joint effort of the DTI-ARMM and PFA. (BPI/PIA-10)
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