If you were to establish a business NOW, what business would that be?

Philippines
September 14, 2009 4:36am CST
There are a lot of people who are unemployed and I wonder how they make ends meet. There are also those who are working but are not earning enough money to satisfy even their most basic needs. Sometimes, one of our options to earn for a living or at least earn extra money is to establish a business. However, it's not really easy putting up a business especially for people who do not really have the financial resources to start with. I have been an entrepreneur for quite a while now and somehow, I am satisfied with the extra income I earn. For those of you out there thinking of establishing their own business, what business would you probably be going into?
1 person likes this
53 responses
• Philippines
21 Oct 09
For me i'll go for online shopping though i'm having trouble in creating my own web but still trying. If ever i have the chance, i wanted to sell gadgets although i know that gadgets are expensive and must have a big capital the profit is lot bigger.
• Philippines
22 Oct 09
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• Philippines
26 Dec 09
I would like to have clothing business.I would like to sell unique,vintage clothes.I don't like selling clothes in mass retail.it can attract more customers when they get items for low prices,without worrying they can see someone seeing the same clothes as them.once I become a good chef,I would like to have restaurant and bakeshop.
• Philippines
29 Oct 09
With the current financial crisis, I guess even the education sector has been badly hit. I'm relating this because I'm an instructor and I currently have less load than the previous ones. Going into business is probably one of the best choices to venture into, aside from going abroad of course. I'm into polvoron and empanada making. However, it is a home-based business. At least the earnings give a little extra income. Most successful food businesses started at home. One example is the "CDO" company, makers of sausages and other food products, that first started as home business. They started selling longanisa and tocino to neighbors and friends. And after many years, they've become one of the most highly respected companies in the Philippines. I saw this in one of the afternoon programs of ANC.
• Philippines
23 Oct 09
as for me.. I would like to have my own computer shop.. Computer related services are one the most in demand right now when it comes to service industry.The Good thing about putting up a computer shop is that you can put or establish this business in anywhere you like even in the most remote area and it will bring you profit as well. But the downside of this business is the presence of many competitors in the market and it may cost you a huge amount in money for you to operate. Even in the presence of these downsides i still prefer this type of business because as i have said this can be operated in any place and those other problems are just minors and can be solved through making used of other possible means.
@olisaur (1922)
• United States
25 Nov 09
I'd probably start a clothing or jewelry line or some kind of snack shop. I've always loved art and fashion, so I think clothing and jewelry would be really fun, and I love sweets, especially ice cream so some kind of cafe or something would be really fun, too, maybe even a bakery.
@fhem10 (13)
• Philippines
5 Dec 09
for me, as a student, and a working student, i've been tried to work for my own and for my family, establishing a business is not easy if you dont have a capital or profit, but for me as a marketing management student i can say that if i will establish a business i will start by a small business like sari-sari store because I know that in starting my small business will come up in successfull grocery..
• Philippines
23 Oct 09
If I were to establish a business now, it would be a restaurant. We all know that starting up a business is very difficult because you need an income and enough earnings. If I would establish a business, I will earn first an income and I will be a good entrepreneur first so that if I am ready to start the business I am already knowledgeable enough. My experiences for being an entrepreneur will be my guide to become a good businessman. Most of all being a good businessman is the key for having a successful business.
• Philippines
23 Oct 09
For me if Im going to established a business i would start a business i would prefer Computer shops. Why? We all know that computer shop as a business requires a large amount of capital to start with.But we also know that it is a good business now a days knowing that its expensive. As a commerce students learned that you must learn to be a risk taker in order to be successful businessman.
• Philippines
22 Oct 09
Friends, laughters, entertainment, celebration- FUN. These are the things that pops up to my mind when I think about Business. That's why I would love to put up a cafe with bar wherein people could have friendly conversation and music. I know that owning your own bar/cafe can mean long hours, meticulous attention to details and sometimes dealing with unruly customers,but if you have a clear vision and be able to learn the pros and cons of the business, surely it can translate into a rewarding and financially successful enterprise.
• Philippines
22 Oct 09
for me,,i am planning to put up a restaurant someday, since food is one of our basic need i know that it would not be hard for me to gain profit.i will make sure that it will get the attention of my costumers by giving them quality products and service. but aside of putting up a restaurant business i plan also to put up computer shops while working. for now earning extra income is important because of the elevating prices our daily needs...
@nylivuj (11)
• Philippines
22 Oct 09
If i would put up a business maybe its an internet cafe or shop located near a university belts because as i can see and observed lot of people now adays are in to the net lately for their projects, web surfing, and chatting with its family and friends as a source of thier communications...
22 Oct 09
i think for me, I will put up a restaurant. why restaurant, because everyday we need food, and I think that's the best business for me.. and I love 2 eat and design food. Eventhough my course is commerce not HRM but I think I can apply it in the future. but I think there are also some other factors to still consider.
• Philippines
23 Oct 09
if i were to establish a business now,thew business that i would be going into is that based on the trend to our economy technologies are more in demand at present and therefor i want to put up a internet cafe.and i want to put up my business in our province where there only few competitors. this is not related to my field of education but it is still a business that can produce a profit.I am not that good in technologies but it is the time for me to know, learn, and practice then maybe I'll become good because it is my chosen business.
• Philippines
23 Oct 09
maybe computer cafe is one of the best business.. though maintenance seems to be expensive the demand is very high many work on high technology just to communicate and shops are one of the most visited place to keep connected
• Philippines
21 Oct 09
if i were to put up my own business i will choose to have a small business that operates or makes a stuff like wallets, bags, pouch, etc., that is made up of foil wrappers. This business can help those people who are unemployed. A business that is applicable not only for those who are a degree holders but also for those people who are not capable of going to school.This business is not as big as a company but is quite enough to satisfy the needs and wants of those people. And i think this business is not that expensive and that it can also help in preserving our environment by recycling those foils.
21 Oct 09
Well, as a business student I think that question best suite for me. I was been asked by that question by my instructor in English 5 and I answered I want to put up a resort in our place in Zambales since we lived near by the beach its a good and helpful way of putting up a business. And I've noticed that resort and other leisure business or tourism are booming here in the Philippines. I want to put this up for me to be able to help others specifically those from my home town. Because I think this is the best way on how to help others especially those who are not capable of sending there sons and daughters in school and those who are unemployed. This kind of business will help them enhanced there capabilities to interact with others. And at the same time we can earn income and same as true to them. Well, it's hard for me to achieved this kind of business but if we pursue it there's always a way..
• Philippines
21 Oct 09
Internet Cafe for me, I think here in the Philippines it would be one of the most stable business because if we try to look at it, not all people can afford his/her own PC set or a laptop and looking at the rate of technological advancement nowadays, I think it would stay long in the market.
@SMacanas (12)
• Philippines
21 Oct 09
If i were to establish a business now, it would be a rice retailer store. Where i own the pieces of land or ricefield where the palay will come from for lesser expenses. I think it will be a profitable business because Filipinos are rice eaters and it is a basic need and we consume rice everyday.
22 Oct 09
If I would established a business, I want to have a MACHINE and AUTOPARTS shop. Not only for my own benefit, also for the benefit of others who are unemployed. Establishing a business is not easy, there are many risk to take. But it would be great to help other people to secure their future and contribute to the development of the community. Baccay,Aldrin Davis
• Philippines
22 Oct 09
I took up a business related course because I had been dreaming of putting up my own business when I finish my course. I always had wanted to have my own restaurant or an internet cafe.. But for now, I'm somewhat interested in engaging in a lending firm. I think it would be profitable (because of the interest earned) but of course, maybe I could make the interest lower than that of the other lending firm, as I'm starting this business..