opening a business

@roniroxas (10560)
Philippines
January 27, 2008 7:44pm CST
if you are going to open a business in the philippines what kind of business would it be?
2 people like this
8 responses
@squaretile (3778)
• Singapore
29 Jan 08
I suppose it would be the handphone business. now everyone seems to want the latest handphone, and if there were good profit margins to be made from trading in handphones that would be a pretty good business to start. and it's hard to make fake handphones so you'd be less worried about people selling copies.
@roniroxas (10560)
• Philippines
30 Jan 08
that was a good suggestion pal, thank you very much
@jhazie (340)
• Philippines
28 Jan 08
Hi I rather open internet cafe it depends on the place where to put your business. or passionable accesorries near school thats good also for those woman.
@roniroxas (10560)
• Philippines
30 Jan 08
yes i think that near school areas are a good sight to put up a business. thanks for the response
@rdurusan (624)
• Philippines
28 Jan 08
If ever i will open a business here in the Philippines,it should be food or food related business.With the kind of economy we are in,only food and food related industries will survive because people need to eat 3 times a day or more.Leave the big business to big corporations,you can't beat them,you can merge with them if you are a powerful politician,if not go to your food business.
@roniroxas (10560)
• Philippines
30 Jan 08
yes specially the ihaw ihaw business. thanks for the response
• Australia
28 Jan 08
It depends how much you want to invest and your interest.Food bussiness, piggery if you have big farm.fish fond.. buy jeefneys .put up swimmingpools and spa.or have little store infront your house. goodluck whatever you want to start.
@roniroxas (10560)
• Philippines
30 Jan 08
i live in the city so i dont think piggery is an option, if only i live in the province i would love to have a business like that. thanks for the response and yes it depends on how big is the money at hand.
@anaknitatay (1335)
• Philippines
28 Jan 08
I think it really just depends on what particular places you are living in or where you open. in the philippines what usually works are: - internet cafes - gen merchandise stores or sari-sari stores - e-loads - eateries or carnderias hope this helps :)
@roniroxas (10560)
• Philippines
29 Jan 08
thanks for that anak ni tatay. i've seen a lot of internet cafes already that had closed, maybe internet cafes are okay if it is near schools. thanks really for your response
@youless (112100)
• Guangzhou, China
28 Jan 08
I will set up a trading company because I am actually working in a trading company and I know about how it works. I am interested in having a business like that.
@roniroxas (10560)
• Philippines
30 Jan 08
yes, we should open a business on a thing that we have knowledge about. i love cooking and has a catering services with my cousin before, but now she is in the US so we need to stop. thanks for the response, hope your business will pursue
@kokopelli (4842)
• United States
28 Jan 08
it depends on where in the philippines you're planning to put up your business. it's always best to go there and have a feel of the economy, industry, and current market. like any other business, you need to make a plan and a feasibility study. but most of all, you should always indulge in a business you know how to operate, a business you can finance, and a business you're interested in.
@roniroxas (10560)
• Philippines
29 Jan 08
thanks for the advice koko, i will always put that in my mind. thanks for the response
• Philippines
28 Jan 08
business - find a good investment
Small and medium scale enterprises are considered the backbone of the Philippine economy. It accounts for around 94% of the Philippine businesses. If I were to start a new business, I would like to open a restaurant. Time and again, we have been told by experts that you will never go wrong with food business. Of course, it requires proper management as well as effective strategy and policy formulation and implementation. Another business I have in mind is related to the hospitality industry. I am from the summer capital of the Philippines and I would love to take advantage of that. During peak seasons, hotels and transient houses here in the city get fully booked. I would like to put up an apartment or dormitory here. Besides, our city is also known to be the education center of the north. I think it would also be a good idea to put up a resort in the province where my parents are originally from because they live near the beach.*wink*I used to have a computer shop which I had to close because of stiff competition. But I definitely learned a lot of things from that business.
@roniroxas (10560)
• Philippines
29 Jan 08
you have a good view on how and what and where to put your business. very good. well i think the most business to bloom is when you have it near schools. such as food and school supplies as well. thanks for the response.