Any business input here please with 600K as capital

[aKoiTo]

Currently I am looking at Lotto outlet in our province but the problem is that there still no lotto line in there (as mentioned by PCSO representative).

Can anybody share some input on what possible business with this amount?

thanks

[aKoiTo]

anybody? thanks

[ichi]

For a lotto outlet, they will be needing 1M for the deposits and stuff, approx. 2M if I remember things right. You can call PCSO, try to look for their number sa directory ....hehehe

[aKoiTo]

thanks!

We already talked to them and it is actually 500K for GSIS surety bond,

http://www.pcso.gov.ph/LOTTO%20REQUIREMENTS.html

this could be a good choice for me but problem is on our province (southernmost part of Quezon) there's still no lotto line so I am checking on what other option is there.

[ichi]

Arrgghh.... lucky! They were asking for 2M from me... oh well.... hehehe

[elyserva]

500K for Lotto outlet? My wife said she asked around and you can have one for less then 100K. Although you cannot have one near another outlet. Well, that's what she told me! I don't know where she asked.

Tubig? Ayaw mo? 250K yung complete setup sa Bio-Research. Hindi franchise yon, you will buy the setup yourself, tanks, pumps, tubings, etc. Bahala ka sa puwesto. Franchise kasi e mahal, >500K!

[OliverWood21]

^ Is Bio Research a water-refilling station? ;)

[aKoiTo]

thanks elyserva, water refilling station would be best but in our town we already have four fighting for the market.

One thing I have in mind is restaurant at daytime and bar at night but again there's already a lot of this in there, so any input would be appreciated.

thanks.

[trizfores]

there are a lot of options for a 600k capital start-up for a business. options that you have a better than the options other people have who have less. so, it's not that hard to looks because you're not that limited towards your options/choices.

[aKoiTo]

hi trizfores thanks, certainly, and being new to this I wanted to explore all possibilities.

Can you be kind to provide any option? thanks

[trizfores]

well, you can look at a few franchises of food. if you want a business that's not related to food, there are a few 'strings' attached to being in it-- like bonds for example (poea for man power services). you pay the bond, then you have less money to start with. though, a franschise for food is somewhat similar. pay the franchise fee and the rent, but then that's about it. when it comes to franchises though, you have to look at the royalty fees that you pay towards the mother company. franchises before only asked for more or less 10%, unlike some new franchises of today, they ask for 40% of your income.

if you want some info on franchising, i think dti or another government body has a list of companies that are in the franchising business. you can start from there.

another option is that you can start something completely new, and on your own. that's only if you really want to. it's a risk, but then again, every single business that you get into does require some sort of risk.

[elyserva]

Originally posted by OliverWood21
^ Is Bio Research a water-refilling station? ;) No! Actually they're into aquarium fishes and pets. But they have complete lineup of equipment for water purifying. You can check on their showroom in Sucat.

That's what my wife and I are thinking on putting up. In fact, there is already 1 refilling station beside where we plan on putting it. I was against it dahil parang hindi magandang tingnan. But she said, depende na sa iyo yan kung paano mo ima-market. Cost kasi of putting it up will not be too much dahil we own the property.

[gumacanian]

Doesnt the aquarium purify its own water with the aid of bioligical/mechanical filters protien skimmers etc?

[aKoiTo]

Originally posted by trizfores
well, you can look at a few franchises of food. if you want a business that's not related to food, there are a few 'strings' attached to being in it-- like bonds for example (poea for man power services). you pay the bond, then you have less money to start with. though, a franschise for food is somewhat similar. pay the franchise fee and the rent, but then that's about it. when it comes to franchises though, you have to look at the royalty fees that you pay towards the mother company. franchises before only asked for more or less 10%, unlike some new franchises of today, they ask for 40% of your income.

if you want some info on franchising, i think dti or another government body has a list of companies that are in the franchising business. you can start from there.

another option is that you can start something completely new, and on your own. that's only if you really want to. it's a risk, but then again, every single business that you get into does require some sort of risk.

yah putting my own would be one of my option and I am really considering this. Another would be a poultry farm or fish/prawn/crab pond. Do you know or anybody have an idea on this.

btw thanks again for the time replying, it is much appreciated :)

[woofers]

Originally posted by elyserva
No! Actually they're into aquarium fishes and pets. But they have complete lineup of equipment for water purifying. You can check on their showroom in Sucat.

That's what my wife and I are thinking on putting up. In fact, there is already 1 refilling station beside where we plan on putting it. I was against it dahil parang hindi magandang tingnan. But she said, depende na sa iyo yan kung paano mo ima-market. Cost kasi of putting it up will not be too much dahil we own the property.

Bio research sells water purification equipment? That's news to me. Is it a new line of business for them?

I know Bio Research sells aquarium and pond equipment. Now, before someoe goes out and buy a Fluval or Eheim filter or protein skimmer, they should know that aquarium water is not potable! The filtration in aquariums actually promotes the growth of nitrogen-fixing bacteria in the filter medium.

I'm no water expert, but I think that the commercial water filtering stations use revese osmosis and and UV filtration as well as chemical (activated charcoal, zeolites) and mechanical filtration. This is not the same filtration as what is used in aquariums. I guess this is the sort of equipment elyserva is referring to.

[elyserva]

Well, you can check out their showroom in Sucat if you want.

[gumacanian]

I'm no water expert, but I think that the commercial water filtering stations use revese osmosis and and UV filtration as well as chemical (activated charcoal, zeolites) and mechanical filtration. This is not the same filtration as what is used in aquariums. I guess this is the sort of equipment elyserva is referring to.

elyserva..I think you need to be damned sure of who you are marketing the water to before you even think of such a set up..
As aKoiTo says,the process of filtering Aquarium water and drinking water are completley different..Ornamental Fish keepers need a biological mechanical system running all the time to keep the water clean of nitrates etc..
Having said that, revese osmosis and and UV filtration can also be incorporated in a koi carp fishpond setup for example so perhaps that is who they are marketing their products to in Paranaque..I wonder?

[elyserva]

You can always ask them! I'm no expert on that. Just because they deal on aquarium equipment, doesn't mean they can't sell equipment for water purification.

[trizfores]

i'm sorry, i don't know anyone in the poultry farm or fish/prawn/crab pond. though, i think i know a little something about poultry farming. i'm not sure if this is 100% true though.

if you already have a farm or something that can hack poultry, a big company like i think monterey or purefoods, or maybe another one, will pay you so that you can take care of THEIR chickens on YOUR farm. i suggest that you do your research before getting into anything.

no prob with replying. hope my info helps one way or another, even if it's just a bit. :)

[aKoiTo]

Originally posted by trizfores
i'm sorry, i don't know anyone in the poultry farm or fish/prawn/crab pond. though, i think i know a little something about poultry farming. i'm not sure if this is 100% true though.

if you already have a farm or something that can hack poultry, a big company like i think monterey or purefoods, or maybe another one, will pay you so that you can take care of THEIR chickens on YOUR farm. i suggest that you do your research before getting into anything.

no prob with replying. hope my info helps one way or another, even if it's just a bit. :)

Hi triz, thanks for the input, I will check this one, seems a good option.

Thanks again.

[elyserva]

If you're considering livestock, prawn farming has the highest ROI. An ROI of 300% is considered normal. The best place to go to is Capiz. You can rent a fishpond there for a reasonable price. However, prawn farming has bottomed-down, it's not adviseable now.

My brother used to manage a prawn farm in Capiz, partly owned by Fidel Ramos (ex-pres). Medyo malas siya dahil right after seeding, he did not get any support (money) from their head office in Makati. The prawn were left on their own. Mortality rate was 70% and out of the 30% left, less then 50% was marketable. Pero hindi pa sila nalugi. Meron pa ring konting tinubo.

[freakster2k1]

why lotto? mas profitable ang jueteng operation... no tax pa. haha

[aKoiTo]

Hi elyserva, can you help me ask your bro how much was he able to rent the fishpond and how big was it also the time given to him? We do have fishponds in our town due to it's proximity to the sea this is also one consideration for me.

@freakters, lol yah that is possible, but with 600K? Isang tumbok lang sayo ng malaki laki na taya ubos na puhunan mo hehe not to include the fact that it is illegal.