Young Entrepreneurs ** tayo

[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. 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.

[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.

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

[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. 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!