business choice....

Philippines
April 18, 2010 11:38pm CST
as what i observed to earn a big income mostly to a people who go through into a business. because having a job base to my experience today, will ever you work hard, having and overtime to work but your income remain constant as what your company compensation. so, in my mind what if when put up some business? but something bother to me what kind of business i wanted? i have only small amount of capital..so i must have to think it wisely what kind of small business which fits to my budget and it is salable in the market? can help me guys? do you have some ideas? please share to me..God Bless!
2 people like this
6 responses
@visijay32 (447)
• Philippines
19 Apr 10
You are definitely right. Being an employee will never make you rich, you can have at least to look forward to when it comes to paying bills. If you want to go in to business it would be better if you focus on the things that you usually do perhaps your hobby for starters. If you are interested in one thing, you will be able to manage it properly because you know the ins and outs of it. If you are a collector of toys, for example, then you can conduct an online business.
• Philippines
20 Apr 10
I also wanted to start my own business, but I'm lacking in capital as in big time zero capital. Ha ha. Anyway, just concentrate on what you know. Why not try made in China dot com, they have a wide directories of manufacturers there even those who produce wrist watch cellphones! God speed on your business venture.
• Philippines
20 Apr 10
our company which i am working is involved of whole sale and retail of electrical materials,. so i have my idea on wholesale and retail., but i have to think first what kind of goods i have to sale and buy and not needed to much capital to start..
@saphrina (31552)
• South Africa
19 Apr 10
I don't know what kind of bussiness you want. But you have to look at the market for that kind you want to start. Availibility to the public. Means that will make sure there are a lot of traffic. And the most important. Competition. Other businesses will give you grief. Keep all that in mind and make sure you have all you want and need, before you get started. TATA.
• Philippines
20 Apr 10
your right my friend. i have to checked it first before pushing into a business.,
@zandi458 (28102)
• Malaysia
19 Apr 10
Business can be hard at times with this present economic situation. But you can always start small like selling cold drinks at crowded areas. I think this type of business only need small capital outlay and the profit is quite good.
• Philippines
19 Apr 10
i agree this type of business needs only small amount but its too risky and need a full-time job. as for me being an employee i need only a partime job for my business. having a business at the same time i'am at work.. because i'am not yet ready to resign my job, unless their is a replacement or getting into much larger income than to my monthly salary.. but your idea is good and practical..
@primeaque86 (8105)
• Philippines
19 Apr 10
Hello my friend cherwin... this is a nice topic from you... you are right... it's good to start a business... can you remember some famous business men in our country today that started from scratched before? They are the best example of putting up some little business, I guess they had realized that it is better to put up a business rather than sticking into your job until you reach the retirement age... when someone is lucky enough, even how small his capital is, he would succeed and that small amount would reach to million... for now, the only thing I can tell you is conduct some research about your community, or in the area where you want to put your business... catch the need of an hour... and many times before you finally invest your capital... good luck my dear friend..., and congrats, you know...
• Philippines
20 Apr 10
yes my friend your right.. being success of your business it needs some study and evaluate first to yourself how interest you are putting into your business..aside from it i accept your advices and opinion regarding this matter., to check first the place where is many people passing by and what mostly the demand of people around that place..
• Philippines
19 Apr 10
Try putting up a small computer shop with only about 5 computers for rental and 1 for administration. Or a small coffee house. How much is your capital?
• Philippines
19 Apr 10
your idea is quite good..because most of people going to internet than to go on window shop. but hence my money is not enough to buy even 3 units of computer. i have only P20,000 amount to go into small business. and for that kind of business we have to find a space for rent ans some areas who is reachable by the user.. but anyway thanks for your ideas..
19 Apr 10
amiable cherwin2010, Putting up business in your own is very good idea. Having in business, its not only the capital should be considered but its good to know your field of interest, the location itself and the availability of prospect customers. meaning, you have to get some case study on this matter. Think if your having a long term plans as basis on your business proposals. For a small entrepreneurs, I would suggest rice retailers is quite better in your way. Repetition of buying is near involved, knowing rice is a basic needs to Asian country. Are you from Philippines right?
• Philippines
20 Apr 10
i agree with you my friend. yes i am in the philippines where most people eating to much rice., i consider to that as what of my choices.. maybe i should know what is the demand of people fro today.. and i guess food.. let see to it..