Young Entrepreneurs ** tayo

[Bea_]

Tnx SILENTMAx...

[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....

[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.....

[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...

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.