Small business in the Philippines?

Fritz Hawkey: A buddy of mine sells and upkeep turbines however whatever like that's mostly too significant for a starter. cross both to the regional marketplace (palengke) 0r down the primary street to get a sampling of what the regional companies do. Once you are making your option, DO NOT promote the equal type of stuff your neighbor retail outlets promote (Filipinos appear to desire to promote the equal factor in 50 neighboring stands). I've been within the islands considering that 2000, and with my spouse have tied a few companies. I can let you know what now not to check out. Small loans to farmers (seed cash and so on) at five-6% a month... no well due to the fact that if one defaults, 20 of them will must pay so that you can holiday even. Besides, you're a foreigner, and ALL foreigners are wealthy (do not suppose me? Ask round). We attempted making low-cost garments for wholesale. That labored for a at the same time, and industry received larger till we had thirte! en staff and a number of sowing machines. But... the staff stated they desire to move residence and do not wanna paintings any longer, so replacements did a awful activity with many rejects. Well, The sowing machines had been bought once more, and now we are attempting low-cost jewellery (as a recreation greater than industry)....Show more

Tawny Grosskreutz: Wow. That's a good start for a small business. But you have to keep in mind that life here in the Philippines is a bit hard and money has always been a problem for most of its citizens.There's Multiply Online selling where you get to sell goods such as dresses, shoes, coats, accessories, bags, etc. but I don't think it will be a fast business at the start. This is an advatage though for you coz you'll be coming home in the Phillippines so you have the chance to buy stuffs there and sell it here. Be careful though when you get to the Airport. They might question your goods if they're a lot.There are franchisings av! ailable too. The food stalls and more. Try googling too. You m! ight just find something there. :)...Show more