Personal Development, Finance, and Investing For Filipinos
An investment in knowledge always pays the best interest. Financial Education is your best investment.
Being an employee for the rest of your life doesn’t make you rich. What makes you rich is the one that gives you the financial freedom you deserve—which means you earn money while having time to do the things you love.
Your future will be brighter and better if you dream to open your own business. It doesn’t need to be a new big business. Only a small one will do. If you’re planning to quit your job to be your own boss, then you should consider these 10 small business ideas in the Philippines.
Do you have a car? Are you willing to share it with others? If you answered those questions with a yes, then consider getting your car registered to Grab or any other ride-sharing service. Being a Grab driver is quite profitable, considering that people with busy schedules constantly look for a more convenient alternative to public transport.
Online business is a popular entrepreneurship concept in several countries worldwide, especially in the Philippines. For the past few years, many people had decided to leave their office-based jobs to run their own business using the internet.
Online business is a huge niche as it involves buying and selling different items, freelancing, photography, blogging, article writing, and many more. Thus, online business is truly a smart and profitable business idea.
This type of small business is also very popular in the Philippines mainly because they offer delicious snacks for everyone at more affordable prices. You may open a food cart or a street food business like selling siomai, hamburgers, or BBQ. A small business like this will prosper especially if you put it in a crowded place.
Food delivery is also a good idea. Make it available if you plan to open a food cart, restaurant, sweet shop, snacks shop, etc.
Travel and Tour Business
People, especially the millennials, love to travel. More and more new tourist destinations have become known in the past few years, and many are still waiting to be discovered and explored. If you love the idea as well, why not consider opening a travel and tour agency? Offer people travel packages and be their local tour guide. If they love your service, your business will surely get recommendations.
It is a type of business that never goes wrong in all countries. In the Philippines, this farming business is also a profitable venture. The country’s economy depends on the farming industry.
When you say farming, this type of business doesn’t always mean to cultivate and make a farm. The farming industry vastly increases in the Philippines. Several educational courses provide specific information package so that you can get started with your farming business in the best way.
Salon and Spa
Filipinos are so conscious about their looks. Help them be at their best by offering them the best salon and spa services. If you’re good at cosmetics, why not show them your skills?
Day Care Center
Busy parents are worried about leaving their kids at home. A daycare center will give them peace of mind. Pet daycare center is high in demand, too.
Pastries are always adorable. Cakes and bread are everybody’s favorites. If you're a baking expert, then this might be the right venture for you.
Furniture is a basic demand of people’s daily lives. A furniture shop is a right place to go when they need new chairs, sofa, and other similar items.
You can open a boutique to offer affordably priced clothes or a small store selling secondhand shoes, clothes, and other accessories.
More and more people today share their stories of success in running a clothing shop, food business, or online business. They are proving that anyone can achieve his financial goals in life by starting a small business. All you need to do is choose a niche that matches your interests to ensure your success.
About the Author
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ABOUT THE BLOGGER
Hi, I'm Ralph Gregore Masalihit!
An RFP Graduate (Registered Financial Planner Institute - Philippines).
A Personal Finance Advocate. An I.T. by Profession. An Investor. Business Minded. An Introvert. A Photography Enthusiast. A Travel and Personal Finance Blogger (Lakbay Diwa and Kuripot Pinoy).
Currently, I'm working my way toward time and financial freedom.