Beginners' Guide to Starting a Small Business


Credits: The FIlipino Entrepeneur
Credits: The FIlipino Entrepeneur

"Making a living in the Philippines can be hard if you are only looking in one direction, and that is, employment. With so much unemployed people in this country, and the age factor, its getting harder and harder to get employed. There are also very few industries in this country and so many new graduates that are seeking employment and most of them end up on the job they donít like. Most of them end up in supermarkets and department stores as shelf stacker and cashiers, some are call centers agents and fast food crew. 

"If you are courageous enough, has lots of confidence, passion and optimism to succeed, here are businesses ideas you can choose."

Credits: www.filentrep.com

Rice retailing business

"ince rice is our staple diet and a necessity, it is hard to think even one Filipino will not buy rice. Every Filipino eats rice unless you are born and living in Canada or USA, your staple diet is bread. Or if you live in the remote province where people canít afford rice and makes sweet potatoes, corn or cassava as their staple diet. Starting this business does not require a lot of capital and a minimum of 30k is enough but some rice sellers advise that a capital of 60k is the minimum to make the business profitable. Aside from getting a business permit, you also need to secure licences in DTI for single proprietorship or SEC for partnership or corporation and also a licence from NFA."
Credits: The FIlipino Entrepeneur
Credits: The FIlipino Entrepeneur

2) Pandesal making business

"Or should I say set up a bakery business but what I have in mind is selling only pandesal. So why pandesal only? Pandesal is a common bread eaten at breakfast and it is second to rice which is a staple diet. It can be also eaten as merienda or snacks. You donít need to learn baking various bread and cakes on a bakery you will set-up so you can concentrate on one product. But just be sure your pandesal is quality bread and not selling it just for profit because it is the taste and quality people are after. I have a neighbor whom I bought pandesal in the morning every other day and I asked his helper how many pandesal they sold every morning, he said 1,000 to 4,000 pcs."
Credits: The FIlipino Entrepeneur
Credits: The FIlipino Entrepeneur

Food Cart business

"Many Filipinos are very interested going into this business and most of them, when they hear or see a food cart, what they have in mind is ďfranchisingĒ. But come to think of it, why will you franchise a food cart that is not well known or never heard of? Many people have the wrong perception of food cart business so many food cart fabricators victimize innocent people telling them to franchise their food cart for a very low price with no royalty fee but their food cart are not popular or well known. So you will end up selling their product which they have sold you at a higher price. You are literally selling their product, you are now their salesman and not a business owner and you will have to pay their franchise fee. But on the contrary, if you plan to have food cart business and cannot afford a well known brand with a pricey franchise fee, you can set-up your own food cart and your own brand by contacting a food cart fabricator. Just be careful not to contact those who sell franchised food carts, only those fabricators who makes made-to-order food carts. Who knows, if ever your business became popular someday, you will become a franchisor to many people who wants to franchise your business."
Credits: The FIlipino Entrepeneur
Credits: The FIlipino Entrepeneur

Meat shop business

"Meat shops are common in wet markets. You can set up a meat shop business there side by side with other many meat shop owners but what I have in mind is setting it up away from the wet market where there is less competition. You can put it where there is no meat shop existing in the place but be sure the location has enough foot traffic."
Credits: The FIlipino Entrepeneur
Credits: The FIlipino Entrepeneur

Tarpaulin printing business

"There is a good market for this business and there are various ways a printed tarpaulin can do. One very popular application is on food carts. Printed graphics on tarpaulin is very attractive and it is tough too. On other occasions like birthdays, anniversary and even on a funeral tarpaulin is used. political candidates on local and national election also used printed tarpaulin on their campaign."
Credits: The FIlipino Entrepeneur
Credits: The FIlipino Entrepeneur

CAD plotting business

"This is a very specialized business and only caters to architects and engineers. A plotter is very similar to a printer and the only difference is a printer can only print letter size or A4 size papers whereas a plotter can print very large paper size. It plots designs and drawings made by an architect or engineer on a drafting paper where sizes range from a very small 9 x 12 inches to 36 x 48 inches."
Credits: The FIlipino Entrepeneur
Credits: The FIlipino Entrepeneur

Ukay-Ukay business

"For those not familiar with this business, it is selling used clothing. The used clothes are imported from other countries. Some of the clothes are overrun (still brand new but didnít pass the export standard) but still good. The reason why many Filipinos patronize it is because of the cheap price. It only cost a fraction compared when buying in department stores or boutique."
Credits: The FIlipino Entrepeneur
Credits: The FIlipino Entrepeneur