Young Entrepreneurs ** tayo

[diwata28]

hey first of all, i would like to announce that me and my biz will be featured n a magazine soon.

anyway, for those young entrep out there: anong mga problems/conflicts na iencounter nyo sa nyong business?

ako, unfortunately, my own dad discourages me and tells my clients not to buy from me. he tells them that my business is in a bad shape, they they shouldn't make deals with me. sakit 'no?talaga:mad: :( his reason: coz he doesn't want me to have extra curricular activities/ business/ sidelines; just to focus in my studies daw....poor me...

eh kayo?

[zimdude]

Congrats... and would that be Entrepreneur (Philippines) magazine?


What is the nature of your business?

How do you manage your business and studies at the same time?




I haven't been an entrep in some time but I'd like to be involved in it again. Please consider investing some time in the Business Club (http://www.pinoyexchange.com/forums/showthread.php3?s=&threadid=10698&pagenumber=4) - we need all the shared experiences and inputs we can get!



:sunnysmile:

[diwata28]

nope--iba!sabihin ko na lang kapag malapit na ma-publish:)

[cookiemonster]

There is only one major problem i face in my business --- people who dont pay or those who you have to run after pa just so you can get their payment. It is so time consuming and can be quite irritating!!

Diwata: the reason ur own dad discourages you from this business is because he said you are not doing well in the business in the first place. this is also the reason for ur inability to pay off debts daw. he tells ppl not to deal with you anymore for the same reason. if u think abt it, he is just being protective of you, for ur own good. after all, you have made quite a number of "friends" in this site and also in the other website.

and based on what i've read, do try to keep ur promises and appointments. :) and if u cant make it, please let ur clients know ahead of time; dont just not show up. :)

[zimdude]

To add, maybe the dad has a point. How are you sure diwata28 that you're not compromising your studies for your business? Hey you're only gonna be in school for so many years, then you'll be working for most of the rest of your life.

[diwata28]

hi there!

well, first of all, my dad and i have reconciled our differences already.:) isn't it great? i understand that he's just being overprotective of his unica hija. and now he also understand the reasons why i already have my own businesses. fyi, i have been selling stuff since my elementary days and i also used to own a boutique.

secondly, i'm definitely sure that i'm not compromising my studies because i'm a straight a student--yabang!--ahh hindi pa pala kasi may 2 akong b+ last sem, pero malapit na. t-th-s kasi ang class ko, so i usually meet my clients m-w-f and sunday. saka since wholesaler ako, i meet a certain client once a week only saka sinisigurado ko na pareho sila ng place or magkalapit lang, like for friday, i'll meet up with someone in ortigas in the morning and 2 in makati sa hapon. time management lang po.

thirdly, i'm pretty sure that i won't be having a hard time after graduation, next year, since i'm already a part-owner of a start-up international shipping company. sigurista po.

yun lang po!
:D :D :D

[tazbivr]

Diwata28,
Just wanted to say keep on going. Like you I started my own business young and while in school. But with me I needed it to survive. Nakakainggit ka nga your dad just wanted you to focus on studies. For me either I sell or I stop studying. Thank GOD I made it. So slug it out. All I could say is years from now no one can take away your victories.

:goon: da girls got guts

[velocity000]

Hello Young Entrepreneurs,

This is our thread. If you have business concerns, ideas or any topics about biz you want to discuss, feel free to post. We can exchange ideas or who knows, we might be able to syndicate on some projects.

[SILENTMAX]

Sir!!!!!
present!!!!!!

[Rastamataz]

Anyone here who would happen to know anything about the ceramics industry here and abroad? It's kind of hard to research even on the net... I need any kind of advice too about starting a small business, I.E.: stuff about registering, taxes, capital, management, etc. And I'd appreciate it if most if not everything were in layman's terms, I haven't started really, planning stage palang.

:help:

[velocity000]

Originally posted by Rastamataz
Anyone here who would happen to know anything about the ceramics industry here and abroad? It's kind of hard to research even on the net... I need any kind of advice too about starting a small business, I.E.: stuff about registering, taxes, capital, management, etc. And I'd appreciate it if most if not everything were in layman's terms, I haven't started really, planning stage palang.

:help:

For the gov't. requirements like permits, BIR etc. you can get the services of an accounting firm to do it for you.

Starting a business need a business plan, remember, if you fail to plan, you're planning to fail.

Good luck :)

[Rastamataz]

Ok, thanks for the advice. I'll start planning na...


:)

[Bea_]

Hi velocity000,
It seems you know a lot about biz...:flower:

If I were to put up a single propretorship biz, d ba I won't be needing SEC anymore? please clarify...

And the only thing that I'll be needing is a business name in which I should get from DTI?

...and also permits/clearance...

What else do you think are needed?

[SILENTMAX]

velo subukan ko muna mag reply

bea

all you need is ur name registered sa dti and a mayors permit also while securing a permit sa municipyo isabay mo narin yung sanitary permit and tignan mo rin kung may zoning restrictions on your planned business.

is ur business in a mall kung nasa mall yan medyo iba ang patakaran

hope this helps :)

[Bea_]

Tnx SILENTMAX,

But what if the exact location has an existing DTI and business name already, but what I'm putting up this time eh different nature of biz pero I will be using the same name, do i have to apply again? or pwede ko ipa-convert yung nature of biz lang?

[SILENTMAX]

mahirap yan i am assuming that your are not the owner of the previous business and panibagong setup ang gagawin mo at hindi lang dagdag sa business

it would make things simpler if you just get a new dti form and mayors permit its not as hard as you think. tsaga lang yan
patience is very important in being an entrepreneur......

pero its also doesnt hurt if u have balls of steel

[velocity000]

Originally posted by Bea_
Hi velocity000,
It seems you know a lot about biz...:flower:

If I were to put up a single propretorship biz, d ba I won't be needing SEC anymore? please clarify...

And the only thing that I'll be needing is a business name in which I should get from DTI?

...and also permits/clearance...

What else do you think are needed?

As far as I understand, a single prop biz doesn't need SEC. I suggest that you ask an accountant reg. those requirements. Let them do the leg work, they know best.

It may be worth your while to "research" about corporation. there's alot of advantage in corp than in being single prop.

my 2 cent worh. :)

[Bea_]

SILENTMAX:

I still am the owner, the Certificate of registration and also the land title are both mine(named after me), I closed down the previous biz, and I'm planning yo put up another one...

[Bea_]

Originally posted by velocity000


As far as I understand, a single prop biz doesn't need SEC. I suggest that you ask an accountant reg. those requirements. Let them do the leg work, they know best.

It may be worth your while to "research" about corporation. there's alot of advantage in corp than in being single prop.

my 2 cent worh. :)

What I know is being in a corporation would save you a lot if ever na bankrupt ang biz, unlike a sole propritorship ikaw lang ang hahabulin and would forfeit your other properties...

[SILENTMAX]

bea

kung hindi naman far off yung business kahit wala nang panibagong dti

ex
services
foods
dry goods

if its really not in a mall or a central place di na kailang.

but if you want to do things by the book
go to dti and secure another form and add another line of business/services into your line of business

yung lang ang kailangan
also kung dry goods to foods just get the necessary sanitary permits

[Bea_]

Tnx SILENTMAx...:flower:

[whipcheck]

Meron kayong alam sa pag-import?

I've seen a product sa labas ng Pilipinas and thought of importing it and then setup a shop or hanap ng distributor. Any idea how to go about --- importation process and tax, setup ng shop, distributors?

The product is an accessory for kids, teeners and even for grown-ups.

tnx!

[dreamer002244]

Originally posted by whipcheck
Meron kayong alam sa pag-import?

I've seen a product sa labas ng Pilipinas and thought of importing it and then setup a shop or hanap ng distributor. Any idea how to go about --- importation process and tax, setup ng shop, distributors?

The product is an accessory for kids, teeners and even for grown-ups.

tnx!

I guess you need the service of a custom brokerage to help you facilitate the documents needed. Also, get yourself familiarize with inco terms.

[dreamer002244]

Originally posted by whipcheck
Meron kayong alam sa pag-import?

I've seen a product sa labas ng Pilipinas and thought of importing it and then setup a shop or hanap ng distributor. Any idea how to go about --- importation process and tax, setup ng shop, distributors?

The product is an accessory for kids, teeners and even for grown-ups.

tnx!

I guess you need the service of a custom brokerage to help you facilitate the documents needed. Also, get yourself familiarize with inco terms.

[Mymnosene]

hello....newbie logging on.

IMHO, single proprietorship / partnership setups are easier to work, plus there are less taxes to consider. If the business you plan to start has a low capital requirement and a moderate chance of returns, mas okay ito. Kasi if you set up a corporation with the previous specs, taxes pa lang lugi ka na. It's also easier to get all the legalities, either by yourself or the assistance of an accounting firm.

You can always incorporate later.... *okay*

[SILENTMAX]

importing something

im currently studying this method

from what ive learned

-freight service
-broker

it seems you already have access to the place so all you need is a freighter service ummm i could give you the detailed paperwork neccesary pero medyo mahaba just pm me. if ur really interested in knowing

what is ur capital?
pls be adviced that medyo malaki ang kailangan mong kapital even if maliit lang na value ang product na i import mo it ay dahil sa
-taxes
-freight service
-pagod mo
-and did i say taxes tariffs already :)

hope this helps :

[SILENTMAX]

wow ako na naman mag popost

ummm
do you read entrepreneur philphines magazine?

its a good read

current issue: street pedler from divesoria turned squidball king worth 60 million pesos


one special info i got from this issue
Divisoria:
Dividing lines

ive been buying from divisoria and selling to my province since i was in highschool and have never though of this. preatty cool.

[dreamer002244]

Originally posted by SILENTMAX
wow ako na naman mag popost

ummm
do you read entrepreneur philphines magazine?

its a good read

current issue: street pedler from divesoria turned squidball king worth 60 million pesos


one special info i got from this issue
Divisoria:
Dividing lines

ive been buying from divisoria and selling to my province since i was in highschool and have never though of this. preatty cool.

baka naman hype lang yan. ask them to show you d numbers.

[SILENTMAX]

pare try getting the issue

imo avg lang yan para sa mga manufacturers nang squidball/fishball/kikiam

[almonds101]

Wow, im glad somebody thought of putting up a thread like this Its really very informative. :)
I just graduated last march actually, and im now working as an analyst (systems analyst) in an IT company in ortigas(though im not really an IT person). But i really plan to go into business a year or a few months from now. Siguro medyo na-impluwensiyahan na rin kasi ako coz my parents are businesspeople --they're in the garments and real estate industry. But my bf is in the food biz. 2 months pa lang business niya but its doing pretty well.

So tanong lang.... my bf is planning to expand his biz. Planning stage pa lang talaga but his long-term goal is to have his biz franchised. a few months from now, he and I might put up a 2nd branch(partnership...para hati kami sa pag-generate ng capital)....and then we'll research more abt going into franchising. Do u think it would be ok for me to go into business after 6 months or so of working in the corporate world.....or mahirap pa coz im just a fresh grad? ;)

Im really interested to go into business na but my parents say its lonely to be a business person unlike pag sa ofice, may officemates...marami ma-mi-meet, etc.....so they want me to work in an office ---bf ko na lang daw pumasok sa business-wag na ako. If anything is stopping me or discouraging me.....its my parents, feeling ko medyo walang tiwala rin that il succeed in business (for whatever reason i dont understand)

[almonds101]

and btw, i also read entrepreneur phil. magazine, and its informative although yung ibang businesses na nafi-feature doon, parang masyadong pinapalabas na click na click when in fact, parang their businesses seem to be going down the drain (halatang bayad ang pag-feature..... :D

[twisted28]

almonds,

if i were you, i'd take the risk of starting a business. partnering with your bf is a good way to start. Just make sure all the paperworks are in order para di ka malamangan.

always remember to have an exit strategy. what will the both of you do should you decide to break up as a couple? maganda sa simula pa lang malinaw na ang mga ganyang bagay.

as for your parents, are they in business or are they employees? If they are in business, show them your business plan, your goals, etc. When they realize that you really know what you are doing, they might even give you extra money for your capital... the problem lang if your parents are both employees, their employee-mentality might hinder them from understanding your desire to have your own business.

[SILENTMAX]

almonds

MAKE THE JUMP!!!!!

its scary as hell but you will not regret it.

[Sara_Chase]

We're planning to franchise one of those squidballs business. Can anyone give us advise? Is it really profitable as they say? We're a bit scared because it might turn out to be just a fad like Shawarma and Pearl Shakes. They say that on the average, gross is about 4K-5K/day. Does anyone knows a franchisee of this kind of business? Are these really the numbers?

[Vinz]

Almonds,

ok na i-try mo mag-bisnes tutal bata ka pa, if ur bisnes became unprofitable, u can still go back to the 8/5 world. By the way, ano ba yung bisnes nyo ng bf mo, interested din kc akong magbisnes eh ska yung sister ko.

Sara_chase,

sa manila bulletin laging may mga ads re: franchising ng mga squid/balls/fish balls.

[SILENTMAX]

sarah chase

the 4k-5k is over hype

a squid ball franchise will set u back 50k
the cart is 20-35k
inventory is 10k

imo its a good start just dont go believing in what other people say. its a good business given the right location. but also a good learning lesson if u fail. there was one squidball cart vendor that lasted only 1 month!!!. so weigh your options.

[Sara_Chase]

SilentMax,

Thanks so much! The franchise were looking at cost about 100K + 20K bond. Makes me really think tuloy. 120K is still 120K. It's hard earned money.

Kakatakot naman 'yon kung 1 month lang. We really need to re-plan.

Vinz,

Thanks. I'll scan the paper. I don't really read the newspaper nowadays. :)

-oOo-

There is another business were looking at. Pinoy Telecommuters. The owner posted at the Classifieds. How true are these work at home programs? Does it really pays to be a member of this internet business?

[Bea_]

Sara_Chase:Why not put up a squidball biz of your own rather than a franchise??? Since squidballs are not exactly the franchiser's(<---correct me for the term) newly invented product that has exquisite taste...you just have to look for a supplier na masarap ang timpla....

Believe me, paying all the royalty fees, etc etc and the promise of a franchise business won't guarantee any success. I've been there... Unless if we're talking about Jollibee and Mcdo...:flwrface:

Just my advice, do your own researching, it's easier to put up own biz, you just have to gather infos, and ideas... and the right location, strategy and advertisement.

[SILENTMAX]

sarah chase

tama si bea pag isipan mo talaga nang mabuti

on a lighter note
my sister once asked a fishball vendor if he does sell his souce. sabi nya he sells it to other fishball vendors for 35 or was it 50 per bottle. imo its a good buy kasi kung minsan dyahe talaga mag timpla. dati daw lagi sya nag iikot mag benta nang fishball ngayon pa minsan minsan nalang daw dahil sa souce nya.(if he can only see the opurtunity that is already in his face)

if you want to create ur own franchise fishbal/squidballl cart try to contact Hill at 09194184545. he's a guy i found who makes his own squidball cart and also the souce. he can supply you with the souce to if ur in the cavite area.

[angel02]

I think this is a very nice thread...

As for me, I'm thinking of putting up my own business as well. I want sana a boutique (selling shoes, clothes, accessories, etc). Advice naman ng maganda yet affordable place for this. Let me know na din kung may mare-recommend tlaga kayo. I plan to have the store within the year. :)

Also, can you tell me na din the steps that I need to undergo para makakuha ng license. Basta everything about putting up a boutique!

Thanks so much. :)

[Sara_Chase]

Bea and SilentMax,

Thanks for the advice, guys. As for the supplies, they manufacture their own so cheap makukuha 'yung products. During the business orientation, they had a sampling and I can't complain. Masarap talaga 'yung products nila. Sa royalties, wala na daw ng ganon kc sa kanila naman kukunin ang supplies e. However, as we progress with our market study parang mas feasible pang mag-set-up na lang ng Dunkin Donut na stall. :D Dami na kc ganitong business.

McDonald's franchise isn't a sure investment. I've seen 2 stores that closed na. And I think, I'll be seeing a 3rd one. From what I've heard, ang franchisor lang daw ang talagang kumikita. Break even lang ang mga franchisees. :(

Angel02,

I can suggest Sta. Lucia. Their rental rates are a lot cheaper than the other malls. Regular space is at P650/sq m. Sa iba it's about P800/sq m.

In case you push through with your plans, I can supply you with denim sandals. Currently, we supply one of Rusty Lopez's subsidiary. You'll be surprised at how much they pay for our products and how much they sell it at their stores. They won't go less than twice the price they got it and that's during SALE ha. :D

[angel02]

Sara_Chase,

I am thinking of Sta Lucia too but may space pa ba sila? Don't want naman yung sa baba...yung tipong tiangge. I prefer tlaga yung parang boutique type.

Supplying me with your products is a good idea. I'll put that in mind para I can get in touch with you once I already have a boutique.

Any other suggestions?

I've inquired na at Greenbelt Shopping Plaza and grabe, super mahal...it's P30K/month tpos you need to pay pa for the electricity. I don't think kse na kikita ako with that rental. :(

[SILENTMAX]

angel

y dont you just try getting into comercial complex's imo they are the best bang for the buck. just try to get areas with high traffic

[Bea_]

angel: I suggest try Designer's Depot or Outlet Yard...once ni-renovate na ang greenhills I think the two(and other container type boutiques) would be the next IN thing.
They're starting to put up these types of boutiques in vacant lots already. They more affordable than mall spaces/stalls.

[angel02]

SILENTMAX...thanks but can you be more specific? what place in particular do you recommend?

Bea_...where is Outlet Yard? Mejo mahal nga din sa Greenhills eh! I think P60K/month naman. As for the Designer Depot, which do you think is a better place, Shaw or Quirino?

Thanks again for the suggestions! :)

[Vinz]

angel02 ----- na-try mo na ba sa StarMall yung dating manuela sa may crossing? madami na rin kasing botique na nag-open don eh baka may makuha ka pang pwesto. Outlet Yard yata yung sa may Quezon Ave.

Since bisnes din naman pinag-uusapan **, you may want to consider Foreign currency trading (FX Trading). It's like stock/shares trading in Phil.Stock Exchange pero imbes na stock, currency (USD, EURO, yen, SwF) and involve sa trading (buy/sell). :)

[angel02]

Vinz,

Thanks for the suggestion pero okay ba sa Star Mall? I think people still prefer Megamall. Will check out the place na din. Where in Quezon Ave. yung Outlet Yard? San sha malapit?

About the foreign currency trading? Pano naman yun? And how much money and involve?

Any more suggestions guys?

Thanks. :)

[SILENTMAX]

any comercial place that is not in a big mall :)

kung minsan kasi you really pay a premium price for a mall space.
a couple of years ago i asked a rep in glorieta how much their floor space is and they said it was in the 10k per sq/m meter range. me im renting at a high traffic two storey comercial complex flanked by two colleges AMA and NCST and is nearby a hospital. it is also 10 meters away from a national highway. and what do they charge? hehehe 380 per sq meter. its kinda high for my area kasi province but its the most bang for my buck :)

high traffic/ low cost: for me thats a good deal

it pays to observe though. make mental notes on your prospective area. take in the time and weather condition and check out the people traffic. its always about the people traffic that matters, when seting up a boutique. i hoped this helped

[Bea_]

Angel: The Quirino Depot is better as they have ample parking space, I think, in Shaw, the slots are limited. I once asked how much they charge for a stall, it will be about P12,000-15,000(I jus don't know the size), but that was before, I'm not sure much they charge nowadays since it's becoming popular na...

The Outlet Yrad is located in Quezon Avenue, just before Hi-Top Supermarket.

There is a property in Araneta Avenue that is being built right now to be a haven for container type boutiques like Depot and Outlet Yard, you may want to check it out....try to scout the area...

You can also try Tutuban mall...the rent is cheaper there, thing is, your items must be cheaper too...you can't afford to go higher than everybody else...dahil pababaan ang presyo dun.

Most of the stalls in Greenhills aren't for rent,that's what I know, those spaces were owned, they just have to pay monthly dues like electricity, maintenance etc, maybe that is why these owners charge a lot if they want their stalls be leased to others, kase nga greenhills is very popular kaya they can afford to charge that much.

[SILENTMAX]

ey guys theres going to be a entrepreneur fair in megamall

"the 1st student entrepreneur fair" August 23-24 2002 sm mega trade hall 3

its being sponsored by thames business school

its marketing phrase is "ano ba ang raket mo"

kahit di kayo studyante punta kayo!!! any body who's starting out in business should go. :D

cgurado naman na lahat tayo in a time on our life's sold stuff to our classmates for profit :D

[Vinz]

Thanks Silentmax sa info. Malamang pumunta ko

[dreamer002244]

Then play Cash Flow with us!

To those who want to play Cash Flow* 202, take note of this schedule and confirm your attendance by calling Mr. Ron Dizon tel. 02-5249254 or 0917-5323864. Only 2 more players can be accomodated.

Venue: Hot Cafe (along Roxas Blvd., infront of USA embassy)
Date: 22 August 2002, Thursday (and every Thursday)
Time: 4:30 pm

Pls. bring the ff: calculator, pencil and eraser.



* Cash Flow is a board game created by Robert Kiyosaki to enhance our Financial, Business and Investing skills. These are very important skills needed by those who truly want to get out of the rat race....forever.

www.richdad.com

[SILENTMAX]

a professor once asked a group of sixty MBA students who were executives of public corporations this question:
what is risk?

one student replied:
Being an Entrepreneur!

his fellow students agreed. then the professor answered his own question with a qoute from an entrepreneur;

What is risk? having one source of income. Employees are at risk.... They have a single source of income. what about the entrepreneur who sells janitorial services to your employers? he has hundreds and hundres of customers.... hundreds and hundreds of sources of income.




there are financial risks in being a entrepreneur. but we as entrepreneurs have a set of beliefes that help reduce the risk or percieved risk that is in our view


-I'm in control of my own destiny
-Risk is working for a ruthless employer(being fired today tommorow or next month)
-i can solve any problem
-the only was to become a CEO is to own the company
-there are no limits on the amount of income i can make
-i get stronger and wiser everyday by facing risk and adversity

------------taken from the book "the millionaire next door" -stanly/danko


we as young entrepreneur's have a head start

so ang tanong ko sa inyo "ANO ANG RACKET NYO!!!!"

[President]

I've read that book 2 yrs. ago. Thanks silentmax for reminding us about that portion of the book.

Guys, post your biz ideas, who knows we can syndicate on something

[angel02]

SILENTMAX...i agree with you. it'll be better to have a space outside a mall since the malls charge a little higher. :( but will still look for a good location. i really would want to have a good space!


Bea_...thanks a lot for the info. i have already inquired at designer's depot. they are charging P13,500/P16,000 per month. i'm still thinking though which branch is better. others say better daw shaw and others naman say quirino. i really don't know. i'd better check by going to both places on different days to observe. :) i haven't check outlet yard and the one in araneta avenue. might be able to do that next weekend. about the tutuban thing, don't think i'd be interested to have a space there as my mom has a store around the area lang din so i wouldn't want naman to compete with my mother. :D yeah, rates in greenhills are too high specially for those who are just starting a business (like meeH!).

Again, thanks for all the replies. More replies pa sana. :)


THanks! :)

[zimdude]

My house is walking distance from Designer Depot Shaw Boulevard.

While the spot is lacking in parking, it is very easy to take public transport from either the MRT (Shaw Station then Star Mall jeepney stop) or Quiapo/Sta. Mesa/Sta. Ana (Pasig-Quiapo or Kalentong-Crossing jeeps).

Liberty Center which is a few hundred meters away has abundant parking.

[angel02]

zimdude...so do you think designer depot in shaw is a nice place to explore? :)

[Bea_]

angel02: Why not also try bazaars/tiangges held from place to place? Sure, it's nothing permenent, but you might also earn a little each time, I was about to get a stall for last sunday's Mary the Queen tiangge...too bad napuno na, wasn't able to squeeze in...

[angel02]

Bea_...i'm actually joining lots of bazaars/tiangges but only during christmas season. what i really want now is really more of a long term business that's why i would really love to explore places. on top of the boutique thingie, i also have plans of doing bazaars (again) this year. :)

[Bea_]

Really? Can you give me a list of those bazaars? ...I don't know anybody who is organizing a bazaar.
Tnx!

[angel02]

Bea_...i'm organizing series of bazaars this year. will let you know the details once i have already finalized everything. :)

[SILENTMAX]

angel

wow!!!
how cool is that

[zimdude]

angel02, I haven't actually been there. all I can say is that the location is good. :)

[angel02]

zimdude...thanks! will really take note of this. :)

[Bea_]

angel02: ey tnx!=)

[erols72]

wer starting a tiangge stalls for rent in manila and in QC.
i need some inputs/ pointers . wer just new to this business.

thanks in advance.

[erols72]

Silent Max, wers dis province, and commercial complex ?


do u have some inputs in operating a mini market stalls 4 rent
business?

thanks in advance.

[erols72]

i like ur idea of syndicating...

why not?

we form an org.
we think of some business venture
we share ideas and inputs
we study
we discuss
we study again
we discuss
we plan
we invite pexers in this thread to join
we form a small corp.
we implement


i can help in securing SEC/DTI papers, license permits etc.
and BIR/SSS and other govt agencies requirements

i have resources/ contacts in:
construction and equipment rentals,
real estate properties for sale/rent
in manila/QC/Bulacan/N.Ecija,



thanks

[President]

Originally posted by erols72
i like ur idea of syndicating...

why not?

we form an org.
we think of some business venture
we share ideas and inputs
we study
we discuss
we study again
we discuss
we plan
we invite pexers in this thread to join
we form a small corp.
we implement


i can help in securing SEC/DTI papers, license permits etc.
and BIR/SSS and other govt agencies requirements

i have resources/ contacts in:
construction and equipment rentals,
real estate properties for sale/rent
in manila/QC/Bulacan/N.Ecija,



thanks


pm me ur proposal so i can study.

[missywitchy]

Originally posted by erols72
i like ur idea of syndicating...

why not?

we form an org.
we think of some business venture
we share ideas and inputs
we study
we discuss
we study again
we discuss
we plan
we invite pexers in this thread to join
we form a small corp.
we implement


i can help in securing SEC/DTI papers, license permits etc.
and BIR/SSS and other govt agencies requirements

i have resources/ contacts in:
construction and equipment rentals,
real estate properties for sale/rent
in manila/QC/Bulacan/N.Ecija,



thanks


Hello Im a struggling entrepreneur from Bulacan. Too bad I don';t have time to join any eb or meeting of this kinds but I think I like this idea. Even if walang corp na mag materialize the sharing of ideas and learning experience is worth the effort. So please whatever happens paki post na lang dito.

PS> to those who ar eplanning to go into business. Remember this ... it will be difficult... it will be lonely... it will be scary but nothing beats the the feeling of fulfillment of knowing that you are incharge of your own destiny! So go ahead and take that plunge! :cool:

[erols72]

wer in bulacan?

ano business mo?

may pending project ang isang client ko sa Guiginto.

[missywitchy]

Plaridel, bulacan. Im in the internet cafe business.

[dreamer002244]

To those who want to play Cash Flow* 202, take note of this schedule and confirm your attendance by calling Mr. Ron Dizon tel. 02-5249254 or 0917-5323864. Only 2 more players can be accomodated.

Venue: Hot Cafe (along Roxas Blvd., infront of USA embassy)
Date: 22 August 2002, Thursday (and every Thursday)
Time: 4:30 pm

Pls. bring the ff: calculator, pencil and eraser.



* Cash Flow is a board game created by Robert Kiyosaki to enhance our Financial, Business and Investing skills. These are very important skills needed by those who truly want to get out of the rat race....forever.

www.richdad.com

[SILENTMAX]

Originally posted by erols72
Silent Max, wers dis province, and commercial complex ?


do u have some inputs in operating a mini market stalls 4 rent
business?

thanks in advance.

cavite

hmmm mini markets
theres really no special techniq i guess in maikng it a
success just market it nicely

put up banners at least 2-4 weeks prior to opening
-post up posters along the near residential neighborhoods
-dont forget the flyers

-locate your market and the potential residents in the area who will be the buyers ask them what they prefer. it can be as casual as possible. (take care of the customers first and the business will follow....allong with rent money.)

establish the demographics a/b/c/d
ask yourself what envionment they would prefer in your stalls

you can make things simple just take mental notes of the situations or make it a lot more work and document everything

-try to establish a word of mouth campaign telling as many as you can about what your putting up.

thats all i can think of right now.
i know its simple advice but sometimes thats what actually works :)

[erols72]

Hi SilentMax,

thanks for the tips. i almost forgot advertising.

ill send u a pic of the project when it's operational na.

thanks again.

[President]

Originally posted by erols72
i like ur idea of syndicating...

why not?

we form an org.
we think of some business venture
we share ideas and inputs
we study
we discuss
we study again
we discuss
we plan
we invite pexers in this thread to join
we form a small corp.
we implement


i can help in securing SEC/DTI papers, license permits etc.
and BIR/SSS and other govt agencies requirements



erol72: email me your proposal rapid@ispbonanza.com.ph

i have resources/ contacts in:
construction and equipment rentals,
real estate properties for sale/rent
in manila/QC/Bulacan/N.Ecija,



thanks

[Sara_Chase]

angel02,

last time i've looked around, there were available spaces at Sta. Lucia. i think it would be better if you would inquire at their admin office, that is if you are still interested in setting up at the mall. as for traffic, dami talagang tao don even on week days. parang mega mall. that's one reason why don namin gustong mag-set-up ng business.

-oOo-

as for the squidballs business, talking to you guys made me realize that it's not for us. during our market study, we found out that it's not really a good business venture. baka tuloy na lang namin 'yung coffee business na gusto naming talaga. malaki capital pero mukhang mas ok. we're just not sure kung mag-start kami ng new business or franchise ... ano nga kaya?

[angel02]

Sara_Chase,

Haven't really check Sta Lucia about the space/s. Open kaya sila for inquiries on a weekend? The thing kc is I have work so I don't really have much time to ask around. Usually if I ask naman, more on the phone lang and meet them on a weekend. :) Btw, coffee business is a nice idea. Do you plan to set-up this coffee business in Sta Lucia? Tell me about it okay? So I can visit if ever. :)

[SILENTMAX]

sara chase

oh how i wish na meron ngang coffe shop na matino dito sa cavite
niche na yan kasi dito

disgusted nga ako sa glorieta at rockwell dala dalawa ang starbucks pero ni isang starbucks sa cavite ala.

i buy from the following
-figaro
-starbucks
-seattles best
-moonblends

kung di ka mag franchise just try to create a brand thats good/ unforgetable and tastes really good. medyo mas mahirap nga rin to try to make your own franchise pero naging succesful naman yung iba.
yung moonblends local lang yan sa may school namin. good environment and good coffee. sadly nga lang after only 2 years nagsarado na sila. ang hirap rin kasi dito sa amin ang market is b(unti lang) and c/d


-basta make sure you have iced white chocolate mocha and sigurado andun ako :D

[Sara_Chase]

angel02,

yup. coffee seems to be a good business there. i'll announce our opening here (if it pushes through) ... :)

as for the Sta. Lucia spaces, weekdays lang po sila. but if i do get the chance of going there on a weekday, ask ko na sila about free spaces ... but no promises, ok? :)

silentmax,

i can't afford the franchise of the first 3 you've mentioned. :D if i have the money to franchise those 3, might as well invest it in real estate and set-up an apartment.

if we do start our own coffee shop, i'll research how to make your iced white chocolate mocha. that is one thing that's good about setting up your own shop, you can introduce your own products.

[Mymnosene]

Sharing lang po...

Not all start-ups deal in merchandise... I'm a new entrepreneur dealing in services, but am currently looking into a nine-to-five possibility. It's really hard to put something together when you're not well-financed. :shrug: :help:

teka... mamaya na nga lang ulit.

[SILENTMAX]

mymnosene

im also in the services business

whats on your mind?

[dac]

angel02

.designer depot sa Q.A. okay naman especially year end.
kalaban mo lang Crossing dept store at National. spitting distance from the depot.

the one in ARANETA is not a good location for now.
the area floods up to chest level(or higher pa) so wala kang sales pag bumagyo o bumaha. trapped ka dito. so far wala pang open although matagal na silang nagmamarket ng stalls.

the one is SHAW okay naman. pero hangang ngayon do pa sila fully operational. Aug. dapat grand opening, pushed back to October.

[ryan18]

Guys as i have read some of the posts, can i suggest anything, im not into business yet because i am still studying. But i have something for you, since your group is looking for a business, i can suggest one, which i think can help each one of us if we will support each other and decided to be business partners. if your interested with my idea just text me. my no. is location at the end of the texts....

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[SILENTMAX]

i smell networking :D

[angel02]

Sara_Chase...thanks for the help. would appreciate if you can do that pero i'm not naman making demands na you ask for that. :)

dac...thanks also for the feedback! :)

[SILENTMAX]

a little bit of inspiration :)

Small business tales (http://www.inq7money.net/urmoney/archive.asp?arch=116&page=specialfeature) ( <--click me)

sometimes we need just that extra push to make that jump to be our own boss

[erols72]

a friend is inviting me to see and perhaps join GPI.

anybody here, na may alam dito..or member na dito?

[dreamer002244]

Originally posted by erols72
a friend is inviting me to see and perhaps join GPI.

anybody here, na may alam dito..or member na dito?



If this is an investing co. that gives high yield, then check with the SEC www.sec.gov.ph if it is legit.

[Bea_]

erols72: I sent you a PM, check ur PM box.

[erols72]

dreamer002244:

thanks for the reminder. i got a machine copy of der SEC papers.


Bea_:

thanks for the info.
pls ck ur pm.

[SILENTMAX]

this might be a good read for people starting out and still a bit squimish in hiring new employees( i know after 3 years of finding new people i still do)

Hiring your first Employee (http://entrepreneur.com/Your_Business/YB_SegArticle/0,4621,301120,00.html) (<-click me)

[zimdude]

did you see the ad about the "Enterprise Plan" of Philam Plans? the way I understood it, it's a forced savings/investment program for starting a business in a future. I couldn't find info about it at http://www.philamplans.com.

[summit012]

Originally posted by zimdude
did you see the ad about the "Enterprise Plan" of Philam Plans? the way I understood it, it's a forced savings/investment program for starting a business in a future. I couldn't find info about it at http://www.philamplans.com.


It doesn't make sense to me. If u want to save, put ur money in the bank where u can withdraw anytime. with philam, I rather go for life insurance. :)

[zimdude]

I think the benefit is that, as an "insurance" system, the Philam Plans product pays dividends. I don't know the numbers but I bet it's safer than the investment schemes floating around PEx. :D Like insurance, they probably derive revenues from folks - not us I hope - who fail to pay the premiums and default.

[SILENTMAX]

tungko sa insurance plans

i am but a simple business man.
complex business structures scare the hell out of me :D

yun lang po. i like simplicity. kung may kita(sa mga simpleng paraan) eh diba ok na yun?

[zimdude]

I think the plan is not for people like you who are already in business. It's for employees who have made plans to set up their business and are setting up the foundations for it.

:wave: let's get together at the PEx Business Club! the thread is now planning for the next meeting (http://www.pinoyexchange.com/forums/showthread.php?s=&threadid=10698&pagenumber=7).

[summit012]

eb? how many attended the last time u had eb?

[zimdude]

we were around 10 or so... I wouldn't call it an "EB" since we talked about serious business and related matters... :sunnysmile:

[francis87]

Hmmmm....interesting thread.

[summit012]

Originally posted by zimdude
we were around 10 or so... I wouldn't call it an "EB" since we talked about serious business and related matters... :sunnysmile:


cge, tuloy nyo yan.

[President]

guys, if u have P50k, what are u going to do?
1. put it in savings deposit?
2. put in stocks, bonds etc.?
3. or put up a small biz? what biz?

[Sara_Chase]

Originally posted by President
guys, if u have P50k, what are u going to do?
1. put it in savings deposit?
2. put in stocks, bonds etc.?
3. or put up a small biz? what biz?

1. i wouldn't suggest that. inflation rate is 7% per annum. it's bigger than the interest being offered by banks.

[fridoh]

ei guys, any info on putting up a Booksale stand ?

thanks :wink:

[President]

Gud pm :D

[dreamer002244]

To those who want to play Cash Flow* 202, take note of this schedule and confirm your attendance by calling Mr. Ron Dizon tel. 02-5249254 or 0917-5323864.

Venue: Hot Cafe (along Roxas Blvd., infront of USA embassy)
Date: 12 September2002, Thursday (and every Thursday)
Time: 4:30 pm

Pls. bring the ff: calculator, pencil and eraser.



* Cash Flow is a board game created by Robert Kiyosaki to enhance our Financial, Business and Investing skills. These are very important skills needed by those who truly want to get out of the rat race....forever.

[Krakista]

Originally posted by fridoh
ei guys, any info on putting up a Booksale stand ?

thanks :wink: Try calling Visual Mix, Inc. at 815-2076 and 810-2873.

:)

[velocity000]

bump
:D

[Krakista]

Originally posted by dreamer002244
To those who want to play Cash Flow* 202, take note of this schedule and confirm your attendance by calling Mr. Ron Dizon tel. 02-5249254 or 0917-5323864.

Venue: Hot Cafe (along Roxas Blvd., infront of USA embassy)
Date: 12 September2002, Thursday (and every Thursday)
Time: 4:30 pm
Mamimili lang kayo ng venue, tapat pa ng US embassy. Maraming umiiwas diyan, noon pa.

[SILENTMAX]

hahahahahhahahaha

all the players that have played there have probably been profiled by the us embasy or the cia...

alam na nila kung sinong nanay mo!!!!!!!!!!!!!

hahahahahahah

[Tushie]

I have a business proposal for you. My fellow young peeps already joined d biznez. The Tantocos of Rustan's joined ds as well. From business tycoons to showbiz peeps (guess ure not interested n dat ****) joined ds business too. It's really easy (and chic) ;) If you're interested, kindly email "Request for Invitation" at sunshinecastillo@yahoo.com

[SILENTMAX]

new entrepreneur ph magazine is out
with 200 franchise oppurtunities to choose from.

ummm ok sya dahil youll get the ideas of the business that are available right now and the capital required

other than the listing the magazine holds not that much content.

[velocity000]

Originally posted by Tushie
I have a business proposal for you. My fellow young peeps already joined d biznez. The Tantocos of Rustan's joined ds as well. From business tycoons to showbiz peeps (guess ure not interested n dat ****) joined ds business too. It's really easy (and chic) ;) If you're interested, kindly email "Request for Invitation" at sunshinecastillo@yahoo.com


Can u just post your biz opps here? Huwag ka nang mahiya. share it to everybody. :D

[zimdude]

Franchises seem to be the mantra of Entrep Magazine.
I wonder if they cover anything else... :|
I was looking for 2002 back issues at the Book Fair but they had only for 2001.

Tushie... ano nanaman yan, some discreet "networking" thing, no? :D

[Indaymanay]

:D

[zimdude]

join the Business Club and (Software) Developers NIght meeting this Friday, September 20! Figaro Greenbelt 3, 6PM!

:sunnysmile:

[diwata28]

Originally posted by zimdude
Franchises seem to be the mantra of Entrep Magazine.
I wonder if they cover anything else... :|


pareho lang sila ng US edition...

[zimdude]

do you mean, the US edition is also focused on franchises? I didn't know that franchising is also hot in the 'Tate.

[SILENTMAX]

ive been reading entrepreneur mag for the past five years 2 years ago palang ang entrep ph.

umm the us mag is also franchised based (most of their advertisers kasi is franchisers) ummm but youlll pick up good points pa naman. not all the articles are franchised based. some of them are built on blood sweat and tears structures

not the usual turnkey franchise.

[Indaymanay]

What do u think of Inc. magazine I've read 1 of its issue about Michael Dell, ok naman. encouraging.

[zimdude]

oo nga, what's good reading?
let's buy one issue each tapos pasa-pasa :D
I have a bunch of books here that I'd love to lend out, if you guys are responsible. :)

some background on me - I'm not into running businesses. my interest is more on ideas. I don't get to read a lot of magazines, only the business sections of Inquirer and Star.

about the franchises, what would be great if we had an original new idea and then people with cash would pay you to use your idea and your good name. *okay*

[SILENTMAX]

heres a mantra/qoute that i have in my wall i always try to read it everyday or at least whenever i can.

Believe while others are doubting
plan while others are playing
study while others are sleeping
decide while others are delaying
prepare while others are daydreaming
begin while others are procastinating
work while others are wishing
save while others are wasting
listen while others are talking
smile others are pouting
commend while others are criticizing
Persist while others are quiting.


Being an entrepreneur is always a state of mind :)

[Yak]

anyone have any idea how to properly price a consultancy service? say for example you win a bid to do an IT project for a company, how do you usually charge the company? anyone here who has experience in this field of business? can you please give examples.

btw, if the business is already registered at SEC, do you still need to register it at DTI (or is DTI better suited for single prop?). i'm planning to put up a partnership, though i plan to incorporate later.

[Indaymanay]

Originally posted by SILENTMAX
heres a mantra/qoute that i have in my wall i always try to read it everyday or at least whenever i can.

Believe while others are doubting
plan while others are playing
study while others are sleeping
decide while others are delaying
prepare while others are daydreaming
begin while others are procastinating
work while others are wishing
save while others are wasting
listen while others are talking
smile others are pouting
commend while others are criticizing
Persist while others are quiting.


Being an entrepreneur is always a state of mind :)



Ayos to! Ano bang biz mo silentmax? :)

[zimdude]

calling Krakista... :)

I think the usual practice is to compute you and your staff's hourly rates then estimate the hours of work.

[Krakista]

Originally posted by Yak
anyone have any idea how to properly price a consultancy service? say for example you win a bid to do an IT project for a company, how do you usually charge the company? anyone here who has experience in this field of business? can you please give examples.Originally posted by zimdude I think the usual practice is to compute you and your staff's hourly rates then estimate the hours of work. zimdude is right but that's only the base cost. If you're in business you still have to factor in overhead and profit. Follow zimdude's advice and then multiply it by 3. This way if you underestimated your costs at least you've still got a buffer.
btw, if the business is already registered at SEC, do you still need to register it at DTI (or is DTI better suited for single prop?). i'm planning to put up a partnership, though i plan to incorporate later. No need unless you change your business name. DTI is just for registration of business names.

[SILENTMAX]

Originally posted by Indaymanay




Ayos to! Ano bang biz mo silentmax? :)

1umm divisoria junkie. buy and sell.
2i own couple of comp centers
3retail in electronic toys
4trend watcher:
i study trends get into the game early and then get out
tamiya/plastic guns/tamagothchi/nbacards etc. whatever seems to be the popular trend. i get in early and get out with a profit.

looking into:
international merchandise trading(import/export)
stock trading
amusement arcades

[erols72]

cool. SilentMax

good points.
ty!

[Indaymanay]

Originally posted by SILENTMAX


1umm divisoria junkie. buy and sell.
2i own couple of comp centers
3retail in electronic toys
4trend watcher:
i study trends get into the game early and then get out
tamiya/plastic guns/tamagothchi/nbacards etc. whatever seems to be the popular trend. i get in early and get out with a profit.

looking into:
international merchandise trading(import/export)
stock trading
amusement arcades


bigtime ka pala. anyway do u know technical analysis sa stocks? Ano import n export mo?

[SILENTMAX]

heres a great article i just read
its the guy who made millions becouse of his 99Cents store

every penny counts (http://www.forbes.com/forbes/2002/0930/400068.html)

anybody who wants to get into the retailing business should take a look at it.

[Bea_]

I need your opinions on this one…

I've been thinking of leasing a part of a building located in Espana.
I've thought of turning it into a boarding house/dormitory/rooms for rent, since Espana is an accessible place, not to mention it is infront of UST(for students who are boarders), and very near the vicinity of U-Belt, a ride away from Quiapo, E.Rodriguez etc., but somehow I'm a little bit uncertain because I'll be investing a huge amount of money for the advance payments, the repairs, renovation of the place since the building is kinda old, but of cement walls and floors naman, so repainting and general cleaning will do.

The entire area would approximately be a little less than 350 sq.meters, consisting of 8 individual rooms. Monthly rental of the place will be only P20,000. I'm thinking of charging residential room rates at P5000/month… I expect to generate an income through room rentals/boarding/and turning some rooms into a dormitory since the place is really big, not only limited to residential rentals because the place is somewhat commercial-- dental clinics, small private offices are also possible.
The only negative things I can think of right now
---F L O O D & T R A F F I C

What do you guys think? Feasible or not?

[cbc22]

Hi Bea, Everybody,

Bago lang ako dito sa PinoyExchange.com, at kakabasa ko lang ng thread na to. Dami ko na agad natutunan. :p

I would just like to contribute my 2 cents regarding the latest post. I'm not an expert in apartment rentals or anything, but here are my opnions:

- have you done this before? If not, then don't get your expectations on returns high, and expect to be face a lot of problems.

- have you done your calculations regarding revenues and costs? monthly or yearly repairs, maintenance, taxes?

- have you taken into account na hindi puno all year long yung tenants mo?

- have you taken into account what type of tenants you'll accept? (I'm not sure, but girls are probably better tenants)

- have you thought about na pag may nasira, say yung toilet, that you'd have to know somebody who can?


Here are some ideas that you might want to consider:

- regarding the high payment, can't you take out a loan to pay most of the upfront fees, and let the rental revenue pay for the loan?

- you mentioned na matanda na yung bldg., yung integrity ba nung structures ay ok pa? o may mga cracks na (maski maliit)? If there are, you'd probably need a professional to inspect the bldg.

- regarding the rent, do you have an idea kung magkano yung rent sa mga katabing places? Might be good to base your rents there.

- regarding the flood, you could turn this into an opportunity. ;) Wala akong masyadong ideya kung gaano kagrabe yung baha diyan sa UST, so mental picture ko na lang yung ginagamit ko. Kung previously pumapasok yung tubig sa loob, o kung maski sa harap lang ng bldg yung baha, you could build it higher or build a drainage or something. If you could make this happen while the other dorms are still being flooded, you could charge a higher rental fee ;).

I hope some of these might help or at least guide you in the right direction.

Goodluck! :redsmile:

[SILENTMAX]

um bea

that is a good idea.
ive studied some dorms and they do make good money
sorry not enought time to elaborate mayble later

do a feasibility study
ask around
ask some landlords/dorm operators
be makulit...

asses the situation
check if you have the capital
check if you have the cashflow
its a big undertaking in my opinion but its worth it.

flood? blah dotn worry about it. as long as the schools near.

[Krakista]

Originally posted by SILENTMAX

flood? blah dotn worry about it. as long as the schools near. Maybe you can have the walls waterproofed and have your entrance door higher. Or, install those doors used in submarines. :D

[dreamer002244]

have a for rent jet ski or speed boat on the side :D

[theGodfather]

i love this thread... very helpful...

[cbc22]

Bea,

I completely agree with SILENTMAX na ask, ask, ask questions. Ask the people around the place. :D

SILENTMAX,

Do you have figures kung how much yung return ng investment in apartments/dorms? How many years does it typically take para mabawi yung capital?

thanks. :redsmile:

[dac]

Bea,

TIMEFACTOR:

how long will the repair take?
when do you plan to start accepting tenants?

(2nd sem is near..so if you have plans to open after Nov. you probably have to start next school year)

try to negotiate with the building owner to give you some time for repair works before you start paying your rent. or else its 20,000 a month upfront while your workers are fixing the place up.

Important: make sure the plumbing works. drainage in C.R.
and water supply. believe me...based from my experience...
thats where the trouble starts...BIGTIME.

Flooding? ESpana Beach yata tawag diyan pag bumabaha.. yun nga lang itim ang tubig. Anyway if youre not located at ground floor.. you won't have any problem. your major concern is water supply and leaks from the roof.

Security? are you employing caretakers or is it "come and go whenever"? pay attention to probable breakins or robbery from within. (fellow tenants)

are you signing a contract? let an attorney read it before you sign anything. draft a contract too for the boarders. just to be on the safe side. don't forget t0o have it notorized.

i assume you will get a clearance form the barangay or legal paperworks inorder to assume business.

fire escape and building safety? are you complying with the requirements of the cityhall? for their peace of mind and yours.

i think its a great business. just keep your overhead down.
if i were you, i'd go around the UST area checking all the dormitory and boarding house for price check and comparison of facilities. tell them you're looking for a room.

pricing matters; so if you want full occupancy.... price it cheaper then the rest. of course the facility and condition matters too. but hey...cheaper rates will pull in boarders.

Espana traffic? good nga.. kasi you're located at a very busy street where access to public transportation is not a problem.

go for it Bea.

[dreamer002244]

try to cut a deal with the owner. show him the cost to improve his property. then ask him to offset it from your rent. :)

[SILENTMAX]

dac
dreamer
cbc2

guy guys those are great advices!!!!
keep your posts going

lets keep this thread burning!!1

[SILENTMAX]

Originally posted by theGodfather
i love this thread... very helpful...

im glad you find this thread helpful
if you need/want to give advice shoot away pls
dont be a lurker and share your ideas.

hope you visit us often :)

[Bea_]

Originally posted by SILENTMAX
do a feasibility study
ask some landlords/dorm operators
check if you have the capital
check if you have the cashflow

flood? blah dotn worry about it. as long as the schools near.

In fact I have studied it, I've asked around the neighboring areas for their rates/charges. But Tnx!

[Bea_]

Originally posted by Krakista
Maybe you can have the walls waterproofed and have your entrance door higher. Or, install those doors used in submarines. :D

Tnx, but I won't be needing this siguro since the one I'm leasing is located at the 3rd floor of a building.

[Bea_]

Originally posted by dac
when do you plan to start accepting tenants?

(2nd sem is near..so if you have plans to open after Nov. you probably have to start next school year)

Hey, haven't thought of this one...Tnx a lot! the repairs will take a little less than 2 weeks I guess because minor repairs such as repainting the whole place and small detailing are needed lang.


Security? are you employing caretakers or is it "come and go whenever"? pay attention to probable breakins or robbery from within. (fellow tenants)

are you signing a contract? let an attorney read it before you sign anything. draft a contract too for the boarders. just to be on the safe side. don't forget t0o have it notorized.

I will be having a "bantay" in the gate, and I would be strict with the policy that only tenants would be allowed to enter,though there'll be a visitor's lounge naman...mahirap na baka me magdala ng chiks kapag male tenant! hehehe...of course I would visit the place as often as I can.

Yep, since it would be a lease, contract will be present between me and the building owner,and also between me and the tenants.

[Bea_]

Originally posted by cbc22
- have you done this before? If not, then don't get your expectations on returns high, and expect to be face a lot of problems.

- have you taken into account what type of tenants you'll accept? (I'm not sure, but girls are probably better tenants)


I have, because we have an apartment building, but these are only units/rooms for rent, not like that of a bedspacer and dormitory(which I heard, mas sakit ng ulo). But I'm relatively new in this because kaka turn over lang ng mom ko sa akin ang responsibility of handling our tenants.

Really? you think girls are better tenants? I'll have to disagree...
I would want to get male tenants. Why? because girls have a lot of things(from their make-ups to their accessories and so on and so forth, I know, I'm a girl hehehe), and andyan pa yung madaming visitors etc etc, and the high probability of chismis/siraan/away compared to guys. Pag less makalat and less gamit, then mas less chances na magkawalaan ng personal belongings, I heard this complain from a college friend who stayd in a dorm before.

[cbc22]

Originally posted by Bea_

Really? you think girls are better tenants? I'll have to disagree...
I would want to get male tenants. Why? because girls have a lot of things(from their make-ups to their accessories and so on and so forth, I know, I'm a girl hehehe), and andyan pa yung madaming visitors etc etc, and the high probability of chismis/siraan/away compared to guys. Pag less makalat and less gamit, then mas less chances na magkawalaan ng personal belongings, I heard this complain from a college friend who stayd in a dorm before.

Hahahaha! I actually bet against boys kasi alam ko kung paano magbehave ang boys! :D Obviously I haven't been to a girl dorm.
:(

[President]

Invite us naman sa opening ng dorm mo. lalo na pag may blessing, tulungan ka namin sa kainan :D :D

[theGodfather]

im glad you find this thread helpful
if you need/want to give advice shoot away pls
dont be a lurker and share your ideas.

hope you visit us often

tnx, silentmax...

[Bea_]

Originally posted by cbc22


Hahahaha! I actually bet against boys kasi alam ko kung paano magbehave ang boys! :D Obviously I haven't been to a girl dorm.
:(

Do you have a dormitory place of your own?
Tell me more of your encounters with those boys... :sunflower:

[amaw]

Hi everyone!

How do I make a feasibility study? I have a business in mind but I am not sure if it's gonna turn out profitable. I have a feeling that it is going to be a very good business but I am not really sure. I think, a feasibility study will help a lot but I don't know how to do it. I have only a very vague idea on how to prepare a feasibility study. Anyone can help? Thanks much!

[dac]

bea.

try to advertise na, so that the students who are looking for a place before the sem break can talk to you now.

after the sem break baka mahirap na ang palipat lipat.

I still prefer girl boarders. Mas malinis pag dating sa surrounding.
wala masyadong inuman. besides its easier to deal with them if trouble arises. (Which by the way, i hope you made a friendly visit to the Barangay Captain of your area. he will be a big help in the future if you encounter DIFFICULTIES)


you know what... if you like extra sakit ng ulo (siyempre extra kita rin) get a cook and start your own kitchen where your boarders can order meals from you, that way parang home-cooked meal cheaper, safe and healthier pa. of course you must have a dining area of some sort.

in-house computer rental too. (for boarders lang)

impt: ask your electrician to make a thorough check pala of all the
electrical wires and outlet. to make sure walang jumper, frayed wires, or faulty wirings, electrical load etc.. mahirap na
masunugan.

good luck uli...and invite mo kaming lahat sa grand opening mo.
hahaha... hope you can get a full occupancy next sem.

[cbc22]

Originally posted by Bea_


Do you have a dormitory place of your own?
Tell me more of your encounters with those boys... :sunflower:


Oh, no, I don't have a dorm. I'm currently taking up my master's and so I live somewhat in a dorm/apartment, eck, eck. :D

I guess, when you get down to the very basics of a tenant, boys or girls can be both well-behaved or not at all. :D

Yung mga lalaki, maaring pala-inum, at maingay magpatugtug ng stereo. Makalat din minsan. Meron ding mga lalaking mabait, tahimik. I guess, may counterpart din sila sa girls.

Here's an idea: :idea: How about "screening" people who are applying? You could ask for their backgrounds, whether they drink, smoke, etc. Hmmm... Baka may types of questions to determine whether a person is the type you're looking for... :hmm:

In the short-term, this might seem counter-intuitive kasi gusto mo makakuha ng maximum number of tenants, but I have to say na pag kumalat yung fact na tahimik, malinis, (whatever positive thing) yung dorm/apartment mo, I'm sure, dami mag-aapply. Kasi, nung college ako, yun yung problema ng malaking portion ng mga kaklase kong nagdo-dorm. Na, ang ingay-ingay.

With regards to the coming of the second sem, it would be nice to able to set up your building before the second sem, para kumita ka na. But I would recommend to slow it down, wait till summer. Bakit?

I have always seen many times na yung mga people na inayos muna nila yung business nila vs yung mga nag-start right away (maski hindi prepared) ay mas less stressful yung experience, while yung second type ay either na-burned out, o mas lalong nawalan ng ganang magmanage ng building, dahil nga nahirapan sila sa pag-run ng business.

What types of preparation? I have to credit dac for his excellent suggestions. :cool: Setup/repair the building, and like what dac said, examine electrical wiring. You might also think about how you will "screen" applicants. Even think about kung paano yung to supply food for your tenants, if you decide to add that.

Atsaka ano ba yung 5 months na gagamitin mo sa pagprepare, kung mapapatakbo mo ito more smoothly and less stressfully for... what? 10+ years?

I hope this helps... :D

[SILENTMAX]

Originally posted by amaw
Hi everyone!

How do I make a feasibility study? I have a business in mind but I am not sure if it's gonna turn out profitable. I have a feeling that it is going to be a very good business but I am not really sure. I think, a feasibility study will help a lot but I don't know how to do it. I have only a very vague idea on how to prepare a feasibility study. Anyone can help? Thanks much!

amaw

a feasibility can be as simple as a thought in your head and as complicated as a 10 page report it all depends on how you want to do it.

most of my feasibility reports are only in my thoughts if i know i wont be able to remember all of the details i write it in a 3x5 notebook.

now if i need investors or need capital for it i put everything in a organized report ok here we go

stalk a simillar business check out the premises check out the buyers.

see if it will actually be viable for you and if you would take the time in actually making the effort to make it succede.

do u like the business?

do u know the business or can you pay someone( not depend) to handle the business?

ok the brash details:
capital?
operating capital?
how long can you sustain the business?
is it profitable? 3 month figures 6 month figures 1 year up to 3 year figures?

how long before the roi?(return on investments) is this really what you want?

if ur really interested in learning how to make a feasibility study get some business books at national and you would be well on your way.

still some questions just pm me.

"the journey of a 1000 miles starts with a single step"

[SILENTMAX]

ok since im bored this is how i would do bea's fesibility study. note this is only a simple approach (i never went to business school i learned everything from books and experience)

initial investment
how much to aquire the space?
what are the neccesary paperworks on how to aquire the desired dorm.

capital required
capital available
Roi less than 3 years?
end of cash date?(how long is your string)
any hasle from the municipio? paperworks is this "clean"

renovation costs:
masonry
carpentry
electrical
paint
appliance
lightings
cable?

how much to charge
study of how many will occupy the space
will there be more space than occupants
will there be more occupants than space (is there room for growth)

how many times can you visit the place is this far from where you live?

is there a system in which you can trust your bantay?
what laws do u have on delayed or nonpayment of rent.

observation of other dorms in the area what makes them popular what makes them a deserted place.
(note i know of a place where there used to be 8 people boarding but since of the high crime rate(nawalaan nang gamit) they have all abandoned the place)

do u know your customers?
is this something you see yourself doing forever?(or at least 5 years)
could you better your competetion?
is this really worth it?

[cbc22]

Originally posted by SILENTMAX
ok since im bored this is how i would do bea's fesibility study. note this is only a simple approach (i never went to business school i learned everything from books and experience)



Alas, you went to the best school of them all--the school of hard knocks. :D Speaking of school of hard knocks, :idea: I remember an interesting article about it. I read this article like 5 times, even printed it out, and wrote a personal reaction to it.

http://www.inc.com/magazine/20010901/23344.html

[erols72]

closed na ba deal nyo with the building owner?

why not take a look at my building?
malapit din sa UST.
around 40 sq.m. available sa 2nd floor.
infront Metrobank.

[Bea_]

SILENTMAX: Tnx for that, I'll study it carefully.

erols72: PM me the details.

[SILENTMAX]

bea
it was meant only as an example. baka seryosohin mo :)

but if it works blow out na yan.....

simple lang ako
regular yum and sphag are enough to put a smile on my face :)

[SILENTMAX]

ADVERSITY
by Eric Mansfield

A daughter complained to her father about her life and how things were so
hard for her. She did not how she was going to make it and wanted to give
up. She was tired of fighting and struggling. It seemed as one problem was
solved a new one arose.

Her father, a chef, took her to the kitchen. He filled three pots with
water and placed each on a high fire. Soon the pots came to a boil. In one
he placed carrots, in the second he placed eggs, and the last he placed
ground coffee beans. He let them sit and boil,without saying a word.

The daughter sucked her teeth and impatiently waited, wondering what he was
doing. In about twenty minutes he turned off the burners. He fished the
carrots out and placed them in a bowl. He pulled the eggs out and placed
them a bowl. Then he ladled the coffee out and placed it in a bowl.

Turning to her he asked. "Darling, what do you see." "Carrots, eggs, and
coffee," she replied. He brought her closer and asked her to feel the
carrots. She did and noted that they were soft. He then asked her to take
an egg and break it. After pulling off the shell, she observed the hard-
boiled egg. Finally, he asked her to sip the coffee. She smiled as she
tasted its rich aroma.

She humbly asked. "What does it mean Father?" He explained that each of
them had faced the same adversity, boiling water, but each reacted
differently.

The carrot went in strong, hard, and unrelenting. But after being subjected
to the boiling water, it softened and became weak.

The egg had been fragile. Its thin outer shell had protected its liquid
interior. But after sitting through the boiling water, its inside became
hardened.

The ground coffee beans were unique however. After they were in the boiling
water, they had changed the water.

"Which are you," he asked his daughter. "When adversity knocks on your
door, how do you respond? Are you a carrot, an egg, or a coffee bean?"

++++++++++++++++++++++++++++++++++++

How about you? Are you the carrot that seems hard, but with pain and
adversity do you wilt and become soft and lose your strength?

Are you the egg, which starts off with a malleable heart? Were you a fluid
spirit, but after a death, a breakup, a divorce, or a layoff have you
become hardened and stiff. Your shell looks the same, but are you bitter
and tough with a stiff spirit and heart?

Or are you like the coffee bean? The bean changes the hot water, the thing
that is bringing the pain, to its peak flavor reaches 212 degrees
Fahrenheit. When the water gets the hottest, it just tastes better.

If you are like the bean, when things are at their worst, you get better
and make things better around you .

When people talk about you, do your praises to the Lord increase? When the
hour is the darkest and trials are their greatest, does your worship
elevate to another level?

How do you handle adversity? Are you a carrot, an egg, or a coffee bean?

[snop]

Well said. Great posts! :)

[angel02]

guys...pasingit..

do you think okay put up ng boutique/store sa may basement ng puregold (along shaw blvd)? this is near designer depot. need to know if i should get the stall being offered to me.

thanks! :)

[SILENTMAX]

angel

havent been to the area so ala ako masasabi but here are some tips

ummm....
observe ka muna
stalk the area
have a time recorder on the people traffic
morning noon night ang tignan mo
ask around. ask the other vendors how their doing. mas open sila kung bumibili ka nang pagkain sa kanila.

wait and see. if its right for you then go ahead pero kung alanganin ka wait and see muna.

remember most people have a counter negative point to a positive point you put out if ur interested in a business. but rember your will to succede should be the basis of your path.

[SILENTMAX]

Just attended the the franchise conference at world trade center.
lots of business. pero lots of BS rin (dahil sa mga walang kwentang franchise upportunities) ive seen a lot of this sa states sana walang masyado malolokong pinoy na instant get rich quick scheme na pakulo nila.

i will be back there attending a seminar sa friday morning to lunchtime. Punta kayo!!!!!!!! hehehehe so ma meet ko naman yung ibang mga young entreps dito.

there are a lot of good oppurtinities rin naman and you should not let it pass.

may 50 pesos palang entrance fee. bad trip nga akala ko registration lang.

ive made a lot of discoveries dito and it was a good learning experience kaya punta kayo!!!!!!

[amaw]

Originally posted by SILENTMAX


amaw

a feasibility can be as simple as a thought in your head and as complicated as a 10 page report it all depends on how you want to do it.

most of my feasibility reports are only in my thoughts if i know i wont be able to remember all of the details i write it in a 3x5 notebook.

now if i need investors or need capital for it i put everything in a organized report ok here we go

stalk a simillar business check out the premises check out the buyers.

see if it will actually be viable for you and if you would take the time in actually making the effort to make it succede.

do u like the business?

do u know the business or can you pay someone( not depend) to handle the business?

ok the brash details:
capital?
operating capital?
how long can you sustain the business?
is it profitable? 3 month figures 6 month figures 1 year up to 3 year figures?

how long before the roi?(return on investments) is this really what you want?

if ur really interested in learning how to make a feasibility study get some business books at national and you would be well on your way.

still some questions just pm me.

"the journey of a 1000 miles starts with a single step"



Hi Silent Max,

Thanks for the above info. By the way, I alrdy PMed you (with some more questions).

Thanks again.

[Indaymanay]

Originally posted by SILENTMAX
Just attended the the franchise conference at world trade center.
lots of business. pero lots of BS rin (dahil sa mga walang kwentang franchise upportunities) ive seen a lot of this sa states sana walang masyado malolokong pinoy na instant get rich quick scheme na pakulo nila.

i will be back there attending a seminar sa friday morning to lunchtime. Punta kayo!!!!!!!! hehehehe so ma meet ko naman yung ibang mga young entreps dito.

there are a lot of good oppurtinities rin naman and you should not let it pass.

may 50 pesos palang entrance fee. bad trip nga akala ko registration lang.

ive made a lot of discoveries dito and it was a good learning experience kaya punta kayo!!!!!!



I went there yesterday. Magregister kayo dun sa "packaging expo". you don't have to pay P50, may exit dun sa loob going to "frachise expo".

Anyway, agree ako. some of the franchise there are BS. imagine pati pillow, ano un? :p You pay franchise for two years lang. anyway, in my opinion no biz sense.

Check it out guys, you'll learn a lot.

[Krakista]

Originally posted by angel02
guys...pasingit..

do you think okay put up ng boutique/store sa may basement ng puregold (along shaw blvd)? this is near designer depot. need to know if i should get the stall being offered to me.

thanks! :) Observation ko lang. Puregold has convenient parking and it is practically sandwiched by 2 major intersections, Shaw corner A. Mabini and Pilar (They seem to be always parallel to each other). Cons: The traffic in that area is heavy during the day and feng shui is not good in some stretches of Shaw Boulevard and I'm not sure if it covers Puregold area. The unfinished building of Fil-Estate and unfinished mall of the former House Speaker are symbols of it. Pati Sun Moon Garden restaurant nawala (naging Hoc Guan). Puregold sits on the site where the closed Litton Mills was. Cherry Foodarama and that Shell gas station lang ang nagtagal sa Shaw Boulevard.

[zimdude]

And, I think people don't go there... not unless they're really looking for your outlet.

[SILENTMAX]

Originally posted by Indaymanay




I went there yesterday. Magregister kayo dun sa "packaging expo". you don't have to pay P50, may exit dun sa loob going to "frachise expo".

Anyway, agree ako. some of the franchise there are BS. imagine pati pillow, ano un? :p You pay franchise for two years lang. anyway, in my opinion no biz sense.

Check it out guys, you'll learn a lot.

indaymanay

grabe i wish i had gone to the other side first. di kasi ako masyado na interest sa kabilang expo kaya sa franchise expo lang ako nag pumilit. (your one smart girl :) )

[Krakista]

angel02, I suggest you take a look at the New York Shop and see if it's good business.


Originally posted by Krakista

Pati Sun Moon Garden restaurant nawala (naging Hoc Guan).
Hok Heng pala, not Hoc Guan. Hoc Guan is a brand of soy sauce IIRC. Yung Tom Cruz Grill nawala rin at naging Kaye Ryan Grill. Pero sarado na yata lahat na Tom Cruz. Puregold is up against Cherry Foodarama and UniMart which has built a long held reputation as among the lowest priced supermarkets in Metro Manila.

[angel02]

thanks for all the feedbacks/replies guys! really appreciate it! the price of the rent kc in the puregold (basement) is cheap that's why i was thinking of getting one.

Krakista...where is New York Shop located?

How about Designer Depot or Outlet Yard? Are these good locations for a store/boutique business?

[Bea_]

Krakista: mahina ba New York Shop? Kilala ng mom ko owner and she went there last year wala nga daw ka tao tao. Anyway, same owner ang New York Shop and New York Cafe in Ma.orosa Malate.

[zimdude]

I'm going to the opening of Designer Depot on the 18th. Can't resist a concert near my house! :D

New York Shop is in the adjacent complex, Sunshine Square, beside Don Hen and Kenny's.

I don't think people go to that area to buy clothes. Perhaps if they eat and see the shop they will look around.

[angel02]

I see...now I know where New York Shop is... :)

Guys, can you help me decide a nice place/venue to put up my boutique. I really plan to put this business up soon!

Thanks in advance.

[Krakista]

Originally posted by angel02
How about Designer Depot or Outlet Yard? Are these good locations for a store/boutique business? I really don't know about Designer Depot but for them to open up a 2nd one could mean their first Designer Depot in Paco was a success. You'll still be affected by the Shaw Boulevard traffic and I noticed much of the street parking space along S. Laurel are occupied. The question is will it be able to draw the supermarket shopping crowd from Cherry Foodarama? Maybe you should go there and observe.Originally posted by Bea_
Krakista: mahina ba New York Shop? Kilala ng mom ko owner and she went there last year wala nga daw ka tao tao. Anyway, same owner ang New York Shop and New York Cafe in Ma.orosa Malate. I really don't know if it's mahina. It's still open after some years. I mentioned about the traffic but who knows maybe Sundays take care of the rest of the week. Related ba sila sa New York Shop sa HongKong?

[dac]

angel02

been to puregold. the rent is cheap for a reason.
people seldom venture downstairs unless they are looking for a particular shop or if they are heading for the parking area.

the area is kinda quiet. few people venturing to this area.

what you should look for is a nice area where there are lots of people moving around.
why don't you try joining a tiangge for as while.

designer depot is not bad. the one beside puregold and cherry supermarket is a much better altenative.

mas expensive nga lang.

thing is, you should also pay attention to the store beside your shop. would they compliment your shop?
would it draw people into your area due to the diversity and choice of goods?

would it give you a nice exposure?
maraming tao ba ang makakakita ng tinda mo?

when you spot a probable location... ask the neighboring stores, pasimple ka, maki chika ka,
ask them kung matao o malakas ba benta nila.

go for it.. open your boutique. hope you make it.
location,location, location....

its everything

[Bea_]

Originally posted by Krakista
Related ba sila sa New York Shop sa HongKong?

That I'm not sure of...I just know he gets his stocks from Hongkong.

[dac]

[QUOTE]Originally posted by cbc22




Here's an idea: :idea: How about "screening" people who are applying? You could ask for their backgrounds, whether they drink, smoke, etc. Hmmm... Baka may types of questions to determine whether a person is the type you're looking for... :hmm:


excellent point cbc22 regarding screening your tenant.

i once accompanied a friend to an "interview" with the owners of the apartment she wanted to rent.

the caretaker gave us a tip... make a good impression and seeing that my friend is still studying, she suggested that we bargain for a cheaper rent.

seems like the couple who owns the place wants to meet her and get a feel if they like her or not. and check up on her financial capability and background.

Interviewing your tenant would allow you a better chance of selecting suitable people that will blend in, interact and protect your investment.

[dac]

Location is important.
thats what we all say
but how do we actually recognize a good place to set up shop?

since theres a lot of variation involved.
lets make a case study... angel02 (okay lang ba angel02)

she wants to set up a boutique.
rent is a factor but we can skip it muna lets go for logistics, etc.
how do we go about it.... specifics sana


I'd look for traffic.. lots of people moving around the area

Transportation: is it accessable by public utility vehicles,
can i drive my car to the area?

Parking: i hate going to places where parking is non-existent.
can customers park? can you park your own car (delivery)?
is the parking safe?

Road: is it located along a busy or main road? how about traffic and floods?

[Bea_]

Originally posted by Indaymanay

Anyway, agree ako. some of the franchise there are BS. imagine pati pillow, ano un? :p You pay franchise for two years lang. anyway, in my opinion no biz sense.


haha, yan ba yung me P200Thou franchise fee? Anong itsura nung pillow? Somebody offered me that pillow thing but I'm not interested, pillow ba naman ifrafranchise pa?! hehe

[Indaymanay]

Originally posted by Bea_


haha, yan ba yung me P200Thou franchise fee? Anong itsura nung pillow? Somebody offered me that pillow thing but I'm not interested, pillow ba naman ifrafranchise pa?! hehe


Well it looks like an ordinary pillow, but b4 u buy it, they'll put u in a small cubicle wherein the computer will measure the curvature of ur nape and prescribe the right pillow 4 u. definitely the market is class A. i don't know, it just doesn't make sense to franchise it coz nothing in it is franchisable. :)

[Bea_]

IndayManay: Tnx for that info, so it's like a made-to-order pillow thing.

[Indaymanay]

Bea, What business r u in ba?:)

[zimdude]

Originally posted by dac
angel02

been to puregold. the rent is cheap for a reason.
people seldom venture downstairs unless they are looking for a particular shop or if they are heading for the parking area.

the area is kinda quiet. few people venturing to this area.



I guess that's ideal for a specialty place, isn't it? Like my idea - not good business, but for burning cash - of putting up a "hackers lounge" with PC's and broadband... :)

[Bea_]

IndayManay: I'm currently handling our apartments/tenants.
Sidings: I sell lots of items too--bags, jewelries, etc.
I recently put up a new biz which is into manpower services.

You?

[zimdude]

very enterprising people we have here... *okay*

let's have the Business Talk EB!

[cbc22]

Originally posted by Bea_
IndayManay: I'm currently handling our apartments/tenants.
Sidings: I sell lots of items too--bags, jewelries, etc.
I recently put up a new biz which is into manpower services.

You?

Question lang: :D
How long do you typically get back your capital in the "apartments / tenants" business?

What form of financing do you use? Do you go to banks, housing authorities, or your own savings?

Thanks.

:redsmile:

[Triglyceride]

I've no huge business background as of yet (pretty ironic for for someone who's majoring in business :D )..but..

I think this has probably been asked before in this thread but I haven't read all 200 posts in here. I would to know everyones opinion on multi level marketing. Thanks :)

[cbc22]

Originally posted by Triglyceride
I've no huge business background as of yet (pretty ironic for for someone who's majoring in business :D )..but..

I think this has probably been asked before in this thread but I haven't read all 200 posts in here. I would to know everyones opinion on multi level marketing. Thanks :)

I'm not sure kung merong discussion about MLM in general, but try reading this thread about a multi-level company, Forever Living.

http://www.pinoyexchange.com/forums/showthread.php?s=&threadid=54721

and this one about First Quadrant.

http://www.pinoyexchange.com/forums/showthread.php?s=&threadid=118187

:redsmile:

[Indaymanay]

Originally posted by Bea_
IndayManay: I'm currently handling our apartments/tenants.
Sidings: I sell lots of items too--bags, jewelries, etc.
I recently put up a new biz which is into manpower services.

You?



very enterprising :D

[Krakista]

Originally posted by Triglyceride
.... I would to know everyones opinion on multi level marketing. Thanks :) Try these:

What do you think of Multi-Level Marketing (MLM). (http://www.pinoyexchange.com/forums/showthread.php?s=&threadid=10684)

SEC releases advisories vs 'get-rich-quick' scams (http://www.inq7.net/bus/2002/sep/30/bus_5-1.htm)

[Bea_]

Originally posted by cbc22
How long do you typically get back your capital in the "apartments / tenants" business?
What form of financing do you use? Do you go to banks, housing authorities, or your own savings?
:redsmile:

Regarding the capital? hmm the place is sort of a Pamana to me by my parents, I just know they bought the lot, built the place some 4 years ago. Sorry, I can't answer your questions.

But I'll be investing in a place in which I want to make it a dormitory/bedspacing...(what I posted few days ago)...but we're still in the process of negotiating---problems with leasing kase.

==============================================

MLM---I try as much as possible to stay away from these groups.
I just don't believe in it. If I wanted easy money, I'd set up my own networking biz to lure some people into investing money in it---illegal is the way to go for easy money...thing is, I still have my conscience to consider.

[francis87]

Gawin kaya nating MLM ang pirated cd's? Hahaha!!! J/K

[Bea_]

Originally posted by francis87
Gawin kaya nating MLM ang pirated cd's? Hahaha!!! J/K

Ok, pwede yan! ako supplier mo?! lol

[Indaymanay]

Originally posted by Bea_


Ok, pwede yan! ako supplier mo?! lol


cge, recruit nyo si Bong R. :D

[kuyafish]

im inviting you all to watch our regular TV program

KAYA MONG MAGING MILLIONAIRE
every SUNDAY 2pm at IBC-13

if ur interested, contact me:

872-4106, 0919-8604989

[lynda_Carter]

Finally!

After two days of putting up with the "maximum users exceeded" message and sneaking behind my boss, i HAVE reached the end of this thread.

It was a good decision to read all the way from the top. Daming nice insights. Very helpful suggestions.

M new at this thing but already i can see how these discussion threads can be really useful. Congrats to everyone!




If you'll allow it, ako naman....

Unlike others who posted their concerns here, my concern is somewhat the opposite.

I already have a good place in mind. (1) there is no rent because my parents own it (2) its very accessible - its somewhere along Ortigas Ave Ext. (Pasig/Cainta Area) (3) there's high people traffic - because its located right at the entrance (Countryside Ave.)of quite a number of subdivisions (more than 20 as far as i know) and (4) its surrounded by a lot of commercial establishements.

I've a good amount of starting capital na rin from my savings.


My only problem is that i don't know what to put up.

First, m thinking of something that will not have to take up building space (stalls, carts or easily set up fixtures sa tabi ng building) para d naman mabawasan ng income parents ko

And, one that's requires simple accounting lang for merchandise inventory n for the books --- kse first time ko lang pasok sa business if ever.

Pero the biggest problem is that almost everything that you can think of is here already....

groceries, cariderias, barbeque, ice cream stands, tapa/grill rest, billiard halls n cafe, fruit stands, bakery, meat and vegetable stands, drugstores, pet shops, parlors/barber shops, photo center, network gaming shops, school supplies shop, zagu (quickly closed down).....

I can see that yung pinaka nag-tthrive na business here is e sa food serices or food products (B and C crowd) kaya baka safe na dun na din ako mag-lean.

Question ko. :rolleyes:
Kung food business, what NEW food ides kaya could i look into?
If not, ano kaya ang likely maging successful given all these considerations?

Thanks in advance!

:D

[SILENTMAX]

lynda_carter


im glad you find us very helpfull !!!!!!!

my first advice to anybody who wants to start a shop is.....
will you love owning that shop? will it bring you pride?
or are you just doing it to earn money.

this is what makes a business successful. if you like what your doing and you love your work. everything else will follow.


to the others pls post naman ur suggestions. lets help lynda :)

[lynda_Carter]

Thanks SILENTMAX!

I never really put that into consideration because my short-term goal was to start a small business where i could better utilize the money i keep in the bank at the same time give me extra profit.

But its sure well worth thinkin abt...

(I have grand plans, though, of the dream business establishment i intend to build in the future but its too far-fetched right now. I've to work with what i have.)

If i were to freely choose, I'd like to get into something that touches on fashion. But i dunno if that kind of business will fit into the conditions i've to work with.... selling shoes and bags in a lone cart set up along ortigas ave beside fishball stands and fruit vendors myt not work well.... hmmmm...

Nevertheless, m set out to find a small business that yields good profit and in time be a concrete proof that i can manage a business pretty well. Maybe, that in itself could make my little shop something that i love and m proud of.

(SILENTMAX, u think this should be enough a reason? :P)

BUT. I still don't have any idea what it could be. What other things ba should i consider?

For those who might be familiar with the area, its Countryside Ave. corner Ortigas Ave Extension. Near PriceSmart-Ortigas and Crazy Cue Billiard Hall

M looking forward to more suggestions! Thank u talaga!

[missywitchy]

Greeting!

Before you open any food related business pls. consider the following?

1. Can you cook ? (definitely ito ang pinaka importante!)
2. How much capital do you have? ( from experience a small burger stand would set you back from 15 to 25 K depending on the number of products na gusto mong ibenta, tipid na yun ha!)
3. If you really want to earn from the food business dapat your willing to do the dirty job (pamamalengke, pagluluto, pagtitinda) kasi kung lahat iaasa mo sa katulong mauubos ang kita mo sa pa sweldo pa lang. At saka paano ang gagawin mo kung mawalan ka bigla ng tindera/katulong? Dapat yun can operate kahit wala sila.
4. Consider the the market A,B,C or D...dapat depende sa market ang pricing mo
5. You should know your product inside out at kahit nakapikit ka alam mo kung paano sya gawin, ano ang ingredients etc.
6. You should also consider sanitation... dapat di nauusukan ang food na tinda mo... so dapat medyo nakaurong ang pwesto mo mula sa kalye.

Hope this helps

[summit012]

Originally posted by lynda_Carter
Finally!

After two days of putting up with the "maximum users exceeded" message and sneaking behind my boss, i HAVE reached the end of this thread.

It was a good decision to read all the way from the top. Daming nice insights. Very helpful suggestions.

M new at this thing but already i can see how these discussion threads can be really useful. Congrats to everyone!




If you'll allow it, ako naman....

Unlike others who posted their concerns here, my concern is somewhat the opposite.

I already have a good place in mind. (1) there is no rent because my parents own it (2) its very accessible - its somewhere along Ortigas Ave Ext. (Pasig/Cainta Area) (3) there's high people traffic - because its located right at the entrance (Countryside Ave.)of quite a number of subdivisions (more than 20 as far as i know) and (4) its surrounded by a lot of commercial establishements.

I've a good amount of starting capital na rin from my savings.


My only problem is that i don't know what to put up.

First, m thinking of something that will not have to take up building space (stalls, carts or easily set up fixtures sa tabi ng building) para d naman mabawasan ng income parents ko

And, one that's requires simple accounting lang for merchandise inventory n for the books --- kse first time ko lang pasok sa business if ever.

Pero the biggest problem is that almost everything that you can think of is here already....

groceries, cariderias, barbeque, ice cream stands, tapa/grill rest, billiard halls n cafe, fruit stands, bakery, meat and vegetable stands, drugstores, pet shops, parlors/barber shops, photo center, network gaming shops, school supplies shop, zagu (quickly closed down).....

I can see that yung pinaka nag-tthrive na business here is e sa food serices or food products (B and C crowd) kaya baka safe na dun na din ako mag-lean.

Question ko. :rolleyes:
Kung food business, what NEW food ides kaya could i look into?
If not, ano kaya ang likely maging successful given all these considerations?

Thanks in advance!

:D



Business is beyond products. take the case of McDonald's, many people can prepare better hamburgers than McDonald's, but y is it that they are the only one who can serve billions and billions and earn hundred of billions in the process? in other words, product is only a part of the equation.

Since you have a nice place, perhaps u can observe the stores near your place, also identify your target market. :D

[lynda_Carter]

thanks, missywitchy! thanks, summit! you mentioned a lot of things i haven't really thought of but would definitely affect the way imagine i would run the business

hhmmmmmm.......nu ni nu ni nu ni nooo.... this is more complicated than i thought ..... but an article i just read that was linked here reminds me of the most impt trait of an entrepreneur...(who posted that message again?)

yes, missywithcy, i can cook, but m not sure i'm ready to do the "dirty" (literally) work ..hehehhehe i plan to invest around at most a hundred thou....so that's another constraint sa options ko...

summit, target market would be B (few), C (mostly)
and D (few also).... i've a listing of all the stores that are here...kaya nga i find it hard to come up with my thing to sell kse parang lahat meron na ** ...except mexican and japanese or posh cafe food (fraps and cookies n tarts)...pero naman sha mashadong bagay with the place..unless i 'm going to be adventurous...pwede kaya na lower end cafe by the kalye?

[dac]

lynda_carter

just asking lang... you said type mo yung nasa cart lang na beside your place cause ayaw mong tamaan ang lugar ng parents mo.

does this mean that you will be conducting business sa sidewalk lang or do you have a space in front of your place?

pag cart ang concept ng business mo.. street foods or merienda
would do. (fishballs, bbq, turon etc.) but bare in mind na if you enter the food sector.. time consuming ito lalo na sa inventory.
you really have to dig this type of job cause pati pag palengke ikaw ang in charge.

best bet ko.. BUY AND SELL. you buy something sa labas and you sell it. pag makahanap ka ng supplier whos willing to consign goods to you.. GREAT. at least minimun puhunan will you check kung ano ang gagalaw sa area ninyo.


fashion accesories, trinkets, neadbands, ribbons... oh by theway malapit na christmas dapat mga related goods ang ibenta mo.
next year iba naman...

dapat pala affordable ang price.
mag business ka..go for it wonder woman.

[Indaymanay]

hey guys, EB naman tayong lahat. then lets exchange biz ideas :D

[zimdude]

yes... the business talk EB! ... :sunnysmile:

what is your preference?

[a]

sali ako dyan sa business eb ha?

[President]

cge zimdude organize mo *** eb para usap tayong lahat ng business. makati or malate kung puede. kung saan mura :D :cool: :D

[SILENTMAX]

hmmmm

makati easy parking easy access nice places.

malate: one word..... squidball( simply the best)

[lynda_Carter]

Originally posted by dac
lynda_carter

just asking lang... you said type mo yung nasa cart lang na beside your place cause ayaw mong tamaan ang lugar ng parents mo.

does this mean that you will be conducting business sa sidewalk lang or do you have a space in front of your place?

pag cart ang concept ng business mo.. street foods or merienda
would do. (fishballs, bbq, turon etc.) but bare in mind na if you enter the food sector.. time consuming ito lalo na sa inventory.
you really have to dig this type of job cause pati pag palengke ikaw ang in charge.

best bet ko.. BUY AND SELL. you buy something sa labas and you sell it. pag makahanap ka ng supplier whos willing to consign goods to you.. GREAT. at least minimun puhunan will you check kung ano ang gagalaw sa area ninyo.

fashion accesories, trinkets, neadbands, ribbons... oh by theway malapit na christmas dapat mga related goods ang ibenta mo.
next year iba naman...

dapat pala affordable ang price.
mag business ka..go for it wonder woman.


hi dac!

yes! exactly. was thinkn along that line kse ayoko manghingi ng building space from my parents. but we have moderately big parking space adn sidewalk kung san tumatambay na ang fruit at balut vendors....

was limiting my choices to food kse feeling ko yun ang pinaka-salable esp since mejo B C and D ang crowd **... and theyd rather spend on food more than anything ...except clothes (weve a tenant doin ukay2 here) and cellphones (u know y)

gusto ko na nga mag ukay2 din pero wawa naman tenant namin..heheh pero kung goods din sell ko clothes na. yoko kse ng mga stuff na d naman really useful, nagui-guilty ako kse parang i tolerate people wasting money on unimportant stuff (cutesy toys, gadgetries, yosi - no offense to smokers)

hhmmmm what if.....san nga ba nakukuha yung mga ukay2 clothes? or the clothes na tinitinda sa mga greenhills stalls?

n dac, thanks for reminding me! anyone who has a candle making business here? yung for all soul's day type...or gift wrappers and gift boxes ? ...or firecrackers (the safe ones ha) in preparation for the coming celebrations.. ..kse whatever ang ibilad mo sa labas namin its sure to sell. Unahan ko na mga tao here. :P

[lynda_Carter]

hi ppl! been waiting to get connected to PEx since this morning. What happened b anyway?

pasensyahan nyo na ang novice at this thing ha. EB as in eyeball ryt?

pwede ba sumali? i'd like to join in some business talk bka may mag spark na idea in my head listening to you guys.

just post when ha. L be there. Hope its on a saturday or a weekday evenning kse iv work.

Thank u! Thank u!!!


:D

[donstruan]

It's great to see so many people interested in business and having the entrepeneurial spirit. I guess many of you understand that's it better to have "passive" income than "earned" income.

Hope you all succeed and if at first you don't... you will have gained a great education anyway. Good luck to you all.

By the way... how is A, B, C and D defined. I sense it has something to to with the customer class.

Thanks.

*dance*

[SILENTMAX]

taken from my previous post from another thread

a: must have at least a net worth of a billion pessos
b: must be at least a decamillionaire in pesos
c: must have at least a net worth of a miillion pesos
d: poor

due to the social class of the philiphines the c to d crowd has a big gap in net worth becouse thats how the philiphines is the rich are getting richer and the poor are getting poorer.

[summit012]

Sali naman ako sa EB nyo. then Usapang business tayong lahat. :D

[zimdude]

I passed by the Designer Depot Shaw grand opening last night, but I was too late for the concerts and stuff. They have a parking lot across the street.

I'm so not into the fashion thing so I can't talk about what they're selling. :D The food+drinks stands had customers, though - I guess they want the place to be a tambayan as well.

[BaLdoMarO]

My mom and I are thinking of establishing a franchise of Zagu at a tropical hotspot in the southern hemisphere. What are the processes involved in starting up such venture? Would it be easier to ditch the idea of franchising and just replicate Zagu's products and service provision? How much is it roughly to buy a franchise?

[smarty]

hello, guys! just wondering if anybody here knows how much would it cost me if i venture into a lotto outlet franchise. magkano kaya? how about the requirements?

[SILENTMAX]

lam mo lotto outlets is a really good business if set in a high traffic place. .......... but the liscensing is really hard
but if you do you are a made man.

i know of a business man that is in px goods he got a lisccence to sell lotto's and after that his business was mostly lotto. the px goods was just there for support. in short it became his primary business

[SILENTMAX]

a zagu franchise is aprox 200-250k but this was in the boom days zagu has preatty much died up here in the phils but if ur looking at a diff country you might have a better chance. zagu is a well organized establishment its almost turnkey.

heres an advice. try to just buy an outgoing zagu business probably a lot less than whats it worth (probably becouse its losing money) then have the franchise transfered to your name and now go to the head office and ask if you could bring your business elsewhere like in another country. this will work and if your lucky they might even give you a master franchise status in that area if you wan it.

[BaLdoMarO]

Originally posted by SILENTMAX
a zagu franchise is aprox 200-250k but this was in the boom days zagu has preatty much died up here in the phils but if ur looking at a diff country you might have a better chance. zagu is a well organized establishment its almost turnkey.

heres an advice. try to just buy an outgoing zagu business probably a lot less than whats it worth (probably becouse its losing money) then have the franchise transfered to your name and now go to the head office and ask if you could bring your business elsewhere like in another country. this will work and if your lucky they might even give you a master franchise status in that area if you wan it. What's the purpose of buying an outgoing zagu business when I need to establish a franchise here in the South? I was thinking of the master franchise status too. at elast ill have the exclusive rights for Zagu where iam but competition in such a beverage niche is starting to mushroom around, but so far Zagu has got the best flavours and will definitely work well with the market here.

[BaLdoMarO]

Originally posted by SILENTMAX
heres an advice. try to just buy an outgoing zagu business probably a lot less than whats it worth (probably becouse its losing money) then have the franchise transfered to your name and now go to the head office and ask if you could bring your business elsewhere like in another country. this will work and if your lucky they might even give you a master franchise status in that area if you wan it. I think im getting your drift now, are you suggesting to buy a franchise in Phils just to learn the technical knowhow of running Zagu and find out who supplies the pearls and drink powder to them? Replicating the business is easy, but I need the exact recipe of Zagu's drinks for my venture to be successful

[Krakista]

Originally posted by BaLdoMarO
I think im getting your drift now, are you suggesting to buy a franchise in Phils just to learn the technical knowhow of running Zagu and find out who supplies the pearls and drink powder to them? Replicating the business is easy, but I need the exact recipe of Zagu's drinks for my venture to be successful I don't think they would supply the recipe. They're supplied as pre-packed powdered ingredients and synthetic sago, I think imported from Taiwan or they could have setup a factory here already. I advise you should also change its recipe. Zagu is lasang gamot and anyone who hears that is gone as a customer. (http://www.pinoyexchange.com/forums/showthread.php?s=&threadid=45421&pagenumber=104)

[smarty]

[/i]Originally posted by SILENTMAX[/i] lam mo lotto outlets is a really good business if set in a high traffic place. .......... but the liscensing is really hard
but if you do you are a made man.

i know of a business man that is in px goods he got a lisccence to sell lotto's and after that his business was mostly lotto. the px goods was just there for support. in short it became his primary business

thanks for the input, silentmax. so any other ideas & knowledge how could i start my own lotto outlet?

[BaLdoMarO]

Originally posted by Krakista
I don't think they would supply the recipe. They're supplied as pre-packed powdered ingredients and synthetic sago, I think imported from Taiwan or they could have setup a factory here already. I advise you should also change its recipe. Zagu is lasang gamot and anyone who hears that is gone as a customer. (http://www.pinoyexchange.com/forums/showthread.php?s=&threadid=45421&pagenumber=104)
hmmm...Do u suggest I consult a food scientist so he/she could device a more naturally flavoured Zagu like drink for my venture? I like the idea of using natural ingredients rather than powders laced with preservatives and chemicals... The Pearl drinks here are gross, theres only 1 i like the best and its a Taiwanese biz called "Tea Inn" all sorts of delicious and refreshing pearl drinks in hundreds of fruit flavours...Maybe I should investigate further...hmmm... Do you suggest I go to Taiwan and do my research there too?

[SILENTMAX]

baldomero.


you seem to be motivated and full of enthusiasim.....


good for you :D

but first :)

-do a feasibility study
-study the business
-check out the prices
-check out the competetion
-and did i say a feasibility study? :D

[Bea_]

SILENTMAX: I've thought of putting up LOTTO too...and OTB in our place since majority of the residents are in the C-D crowd. kaso too bad! there is a restriction on the location, meron na kaseng medyo malapit sa area namin.
But I agree na ok yun, you'll only be in need of 1-2 takilyera.

smarty:The franchise is around P300K for the OTB. For the LOTTO, it might be higher.
And I'm not so sure, I was told that you'll earn thru porsyente...1-2% (I think, can't remember) of the gross.

[Bea_]

BaldoMaro: Instead of duplicating Zagu's mix, you might want to check out Ersao...they use real fruit preserved frozen in a plastic pack. Definitely mas masarap and healthy than powder based drinks.

[SILENTMAX]

wow!!!!!!!!!!

ang laki 1 to 2% is already a big cut for lotto!!!!!!!!

imagine the amount of money you will make. easy money yan pre as
my dad says lotteries dont sell the pot money they sell the Hope that is tied up in it. whenevr you buy a lotto ticket you hope for the things that you want and things you will buy with the pot money. this is what people pay for. the imagined winnings that it will bring to the person who bought a lotto.

[Bea_]

Originally posted by SILENTMAX
wow!!!!!!!!!!

ang laki 1 to 2% is already a big cut for lotto!!!!!!!!

imagine the amount of money you will make. easy money yan pre

naku, bakit naman pre tawag mo sa kin hehehe. Anyways, the figures I mentioned were not confirmed, I was told lang na ganun ang patakaran. A friend told me that she inquired years ago and the rate that time was close to P500K, naturally much higher na this time.:sunflower:

[smarty]

thanks, Bea_

ang laki din pala franchise fee ng lotto outlet. akala aroung 100k - 250k lang yun. kasama na kaya jan ang machine/equipment?

btw, what's OTB?

[zimdude]

Off Track Betting.

From my High School batchmate, Andoy Suarez:

Hi guys,

A bunch of friends and I have put up a new restaurant
called Davao Tuna-to-Go. We serve export grade tuna in
a variety of dishes. From grilled panga, tuna belly,
tuna teriyaki, tuna sisig among others. Please check
out our stores in Santolan (near Camp Crame),
Cainta-Ortigas Extension, Mandaluyong. We also have
take-out grills in Pasig-Shaw Blvd., Fairview, Reposo
and Chico St., Project 6. Outlets under construction
are in Banawe, BF Paranaque,Timog and Angeles,
Pampanga.

We're also closing some franchises in Australia,
Singapore, Las Vegas and California.

Please check out our stores. The food is great and the
rices very reasonable. I'm in charge of franchising by
the way. I can also offer commissions on succesful
referrals. Interested parties can contact me directly
through my cell (0917)5366823 or at the office at
7213595.

Hope to see you guys there!

[SILENTMAX]

hello..


i need some inputs any will do.

im planning some side business(diversification to be technical)

planing to restore wrecked cars, total loss im preatty good with cars and i like building them up i know where to sell em i know where to buy the parts. its actually preatty easy for me becouse i know all the things already to put the project in motion. my only problem is its too time consuming and im stuck with 1 car at a time and making it grow is hard.....


or.....


praw farming
my family has a prawn farm down south so i have some background on it.
i have a 40 sq meter concrete swimming pool at the side of our house it was an unfinished project by my lolo that was suppose to be for hito.
im thinking of continuing the project but with FRESHWATER PRAWNS.

to tell you the truth i have no idea how to start it or even if it will grow. but i know prawns are in demand and there is real potential for growth.

my questiopns are

-how do i sell these???
-how much capital should i put into it???
-will using high tech methods(air ionization) work?
-where di i sell these???

i still have some more questions....
im really leaning into the prawn culturing side as a potential business.

what do u guys think

-i need creative critiscm kahit destructive all opinions are welcome!!!! :)

[zimdude]

my uncle (bro of my mom) does antique/vintage cars for a living. his workshop is adjacent to our house. PM me if you want to get in touch with him. :)

[Kan2boy]

Hi gang! nice to be here!

Wish I could help u there -SILENTMAX, but dunno know a thing about prawn farms, but it sound interesting and looking forward to read the first reply to ur questions.

I too have a question myself, maybe anyone can help me.

Its about a money I lend to my cousin, maliit na halaga lang-P50K-from me ,100 sakanya), para daw puhunan for a buy & sell phone card business.
Well, its happening, and shes doing all the work, and ako, kahit na gusto kong tumulang I cant, dahil wala ako sa Pinas -ako lang ang nagbigay ng kalahating puhunan.
Wala kaming pormal na usapan, I just gave her the money and said go for it. But its over 1 yr. na. I wanted to aks her , kung meron ng kita, but I dont how. How should I come up with a fair computation of ROI for my money? and whats fair for her?
this sounds like a classic case, but I can come up with a lot of solution, but maybe u guys have been to this situation nah, so.

help me, please.

Thnx,
Kan2boy

[Kan2boy]

(correction to my own thread..)


50/50 kami , ang inevested namin totalled ot P100K combined.


Opps. sorry.

[SILENTMAX]

this is a classic case

my uncle was once a investor/partner in a piggery they didnt really have a formal aggreament. to make a long story short it had a bittersweet endindg with money lost.

my advice.(pls think of this as only and advice and should not be followed by the line. i mean what the heck do i know? i could be wrong :) .... )

-confront the situation by saying that kailangan na natin magkaroon nang formal agreement on the division of the partnership.

-hint na to para magkalaman na kung meron nang profits.

but first calculate the costs of the
-venture
-roll over earnings
-cash to be reinvested
-overhead
-other losses

then after that is done you figure out the earnings if there is any left :)

try to forge an informal contract kahit verbal aggreement lang on how the profit should be divided, or rather how the business should be divided although she did all the work your agreement was to be partners and not just as investors.


remember there are over head costs,estimated losses and then the reinvestement of net earnings after this all has been settled dun lang dapat papasok ang kita nyo :)

i hope i was of help. keep me posted of what has transpired :)
and if my advice works blowout naman dyan nang spagheti and regular yum sa jollibee :)

[BaLdoMarO]

Originally posted by SILENTMAX
hello..


i need some inputs any will do.

im planning some side business(diversification to be technical)

planing to restore wrecked cars, total loss im preatty good with cars and i like building them up i know where to sell em i know where to buy the parts. its actually preatty easy for me becouse i know all the things already to put the project in motion. my only problem is its too time consuming and im stuck with 1 car at a time and making it grow is hard.....


or.....


praw farming
my family has a prawn farm down south so i have some background on it.
i have a 40 sq meter concrete swimming pool at the side of our house it was an unfinished project by my lolo that was suppose to be for hito.
im thinking of continuing the project but with FRESHWATER PRAWNS.

to tell you the truth i have no idea how to start it or even if it will grow. but i know prawns are in demand and there is real potential for growth.

my questiopns are

-how do i sell these???
-how much capital should i put into it???
-will using high tech methods(air ionization) work?
-where di i sell these???

i still have some more questions....
im really leaning into the prawn culturing side as a potential business.

what do u guys think

-i need creative critiscm kahit destructive all opinions are welcome!!!! :) My advice? Go for the business venture that is in sync with your capabilities and your strengths. It seems that the car business is more ideal for you than prawn farming since you're very much into refurbishing smashed cars.
As for prawn farming, it sounds like you need to put in a lot of hard yakka into it. Firstly, theres the need to acquire all the technical knowhow of running a successful small prawn farm:how do I ensure that they remain healthy?how can i multiply there numbers in a 40 sqm pool?what happens if my supply outstrips demand? etc..., you have to establish connections with potential businesses that will buy the prawns off you and ensure that you maintain an edge over hundreds of seasoned prawn experts to maintain lucrative business deals with your partners.

[Indaymanay]

:D

[fred_vince]

IS IT POSSIBLE TO START A BUSINESS WITH ONLY 20K AT HAND?

[SILENTMAX]

yess anything is possible

few people believe me on this but i started my NBA card business with only 1k

yes!!!!!!! 1K!!!

ummmm
i had a collection of nba cards that i wanted to sell i sold some in my moms canteen. then i bought a box of un opened packs in divisoria (1k)i sold all of the packs then rolled evrything over i did this a couple of times till i saw that there was an oppurtunity i borrowed 10k from my mom (i was 3rd year high school then) then did everything over and over. (borowwed 20k)kept on rolling evrything over(hey i was having fun i still got my baon i didnt need the money) so i rolled everything over and over.

ummm it came to the point that i grossed 10k a day. and made quite a profit from it.

sadly as trends go it had to come to an end.

so i went back to the drawing board(but that is another story)

[SILENTMAX]

success is what people like to see
its like a disease

a good disease

if your cash straped
all you have to do is show people what success you can do with the limited amount of money and if your successful in it they would see it
and they would also like to catch it.

getting more investors is easier if they can see your successful :)

[Ms_A]

hi guys!...i'm planning to start a business....and im thinking which one is better, hope you could share some of ur opinions in here..... ok here it is....ano kaya mas ok sa dalawang naisip ko na biz

a) have a food cart or something like booth inside a shopping mall and the product will be CREPES ...as of now im still thinking kung magki-click ba to parang mangyayari mage-experiment ako on this.....oh well business is a gamble

b) look for a commercial place (with b and c possible customer) and put up a bakeshop/gen merchandise

so guys what do u think which one should i pursue kaya.....hmmmm.....ang hirap pag nagi-start palang sa biz ...hope someone can help me....thanks in advance....:)

[missywitchy]

san ka located?

have you considered the amount (as in cash) that your willing to shelll to get your business off the ground? and you should also consider the things you really want to do? and the things that you can do (like bake, market your products etcs..)

[President]

This is for serious business people. I can help you import/outsource China made products.

China made products are becoming more popular not only because of its competitive price but also of its improving quality standards. Those in manufacturing business like RTW can benefit from this by cutting down your cost, operating expenses, less labor problem etc. not to mention less headaches.

I can help you outsource ANY products produce in China. (I'll let you know if I can't). Don't pm me. Email me rapid100@bigfoot.com

[SILENTMAX]

Update on my sideline

well after gathering some serious thought i have chosen to go to the road less taken.

im going with the prawn farm
-reasearch completed
-pond under construction
-pl20 prawns ordered arrival dec 15
-pond needs 3 weeks curing time
-air pump industrial aquired
-i know where to source the feeds

all necessary information i have already memorized(hehehehe)
reading about something and applying it are two totally diff things

im going in with booth feet(god help me)
wish me luck :)

[marlo_kalbo]

Hehehe... Mukhang handang handa ka na jan dude a... :)

Good luck.

-kalbo

[summit012]

:) :)

[francis87]

Hi peeps!:)

[BNG]

HELP!!!

Hi im planin 2 put up an adult store somewhere near coastal mall,

Im planning to sell the following:

1. adult toys
2. xxx videos original
3. magazines
4. more adults materials

minors will not be allowed in the store..


I would like to know kung meron ba law natin na pinag babawal ang mag tayo ng adult toys?

can u guys please help me with any inputs, thanks so much

[Krakista]

Young entreps, EB muna tayo!

WHEN: 29 November Friday

WHERE: Tazza Cafe
98 Maria Clara Street (Between Banawe & Biak-na-Bato),
Sta. Mesa Heights, Quezon City


We'll have it together with the WiTCGG Anniversary EB (http://www.pinoyexchange.com/forums/showthread.php?s=&threadid=45421&pagenumber=106). Some of us will be talking business anyway.

[SILENTMAX]

uy ok yan makapag banawe muna to find accesories
tapos biglang eb na kaagad :)

[President]

u r going to talk business? serious business? walang haosio?