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Monday, July 03, 2017

In Videos: 10 Business Ideas For You - Choose Now!

Filipinos are by nature business minded. However, most people simply do not start a business for various reasons, most common is the lack of capital. Others fear the possibility of losing money due to a failed business. These next ten entrepreneurs however did not let hardship, tragedy and even disability to stop them from succeeding in their own business venture. Watch and learn from these 10 success stories. 1. PEANUTS BUSINESS Description: Peanuts, Banana Chips, Sweet Potato Chips, and many more. Business Tips: Do not underestimate cheap products, they offer big profits. Do not be ashamed to do business, as long as it's legal. Food products are stable since people need to eat.  2. HOME-MADE SAUSAGE Description: Home-made sausage, sold online or supplied to restaurants. Business Tips: Start small, introduce your food product on food fairs and expos Look for a unique market, one that is not overcrowded with similar business. Find ways to reduce overhead costs like rent. Work at home business is a good example. Advertise online, it's mostly free!  3. BIG BURGER Description: Huge delicious juicy burgers - any questions? Business Tips: Any business needs patience. Observe the needs of the business. Maintain the food quality. Make your product unique among similar products, bigger and better. Team work is good for business.  4. LOMI HOUSE Description: Lomi - a timeless Filipino delicacy and good for breakfast, snack or dinner. Business Tips: Good taste, affordable and healthy. Offer a healthier alternative to customers. Make your own food components to maintain quality. Expand your business by putting up branches with good location. Be patient, some business takes time to be a hit.  5. COTTON GARMENTS Description: Cotton Garments - because everyone needs clothes. Business Tips: Look for the demand on the market. Help your employees work, they work hard if you do too. Know and understand every part of your business.  Not all China products are cheaper - you can compete with these. Always deliver on your promise to clients, even if you have to finish orders yourself.  6. FASHIONABLE SHOES Description: Fashionable shoes - from pageants to school shoes. Business Tips: Take inspiration from your clients. Use locally sourced as well as indigenous materials for unique designs but low cost. Maintain product quality. Compete against cheap products using good quality.  7. FURNITURE BUSINESS Description: Unique and artistic furniture made from wood scraps. Business Tips: Turn your passion into business. Look for value into things that are usually thrown away or neglected. Product quality is foremost. Put your creativity to make unique and  beautiful pieces.  8. CHILI SAUCE Description: Chili sauce - usually for siomai, but can be added practically to any food item (except sweets), because Filipinos love spicy food too. Business Tips: Don't let anything stop you, not even disability. Don't be content waiting for blessing, seek it. In everything you do, give your best.  9. ONLINE STORE Description: Online store - selling anything under the sun, from beauty products to electronics.  Business Tips: Maximize your time. Build trust among your clients. Educate yourself on your products. Always take care of your products especially when shipping them out.  10. INTERNET/GAMING SHOP Description: Internet cafe or gaming cafe. If you can, define and separate the two computer shop types apart. Business Tips: Education is the key to success. Don't be content waiting for blessing, seek it. In everything you do, give your best. Use the most money-efficient equipment, and always upgrade at the right time.

Filipinos are by nature business minded. However, most people simply do not start a business for various reasons, most common is the lack of capital. Others fear the possibility of losing money due to a failed business. These next three persons however did not let hardship, tragedy and even disability to stop them from succeeding in their own business venture. Watch and learn from these 10 success stories.

1. PEANUTS BUSINESS


Description: Peanuts, Banana Chips, Sweet Potato Chips, and many more.
Business Tips:
    • Do not underestimate cheap products, they offer big profits.
    • Do not be ashamed to do business, as long as it's legal.
    • Food products are stable since people need to eat.


2. HOME-MADE SAUSAGE


Description: Home-made sausage, sold online or supplied to restaurants.
Business Tips:
  • Start small, introduce your food product on food fairs and expos
  • Look for a unique market, one that is not overcrowded with similar business.
  • Find ways to reduce overhead costs like rent. Work at home business is a good example.
  • Advertise online, it's mostly free!

3. BIG BURGER


Description: Huge delicious juicy burgers - any questions?
Business Tips:
  • Any business needs patience.
  • Observe the needs of the business. Maintain the food quality.
  • Make your product unique among similar products, bigger and better.
  • Team work is good for business.

4. LOMI HOUSE

Description: Lomi - a timeless Filipino delicacy and good for breakfast, snack or dinner.
Business Tips:
  • Good taste, affordable and healthy.
  • Offer a healthier alternative to customers.
  • Make your own food components to maintain quality.
  • Expand your business by putting up branches with good location.
  • Be patient, some business takes time to be a hit.

5. COTTON GARMENTS


Description: Cotton Garments - because everyone needs clothes.
Business Tips:
  • Look for the demand on the market.
  • Help your employees work, they work hard if you do too.
  • Know and understand every part of your business. 
  • Not all China products are cheaper - you can compete with these.
  • Always deliver on your promise to clients, even if you have to finish orders yourself.


6. FASHIONABLE SHOES


Description: Fashionable shoes - from pageants to school shoes.
Business Tips:
  • Take inspiration from your clients.
  • Use locally sourced as well as indigenous materials for unique designs but low cost.
  • Maintain product quality. Compete against cheap products using good quality.


7. FURNITURE BUSINESS


Description: Unique and artistic furniture made from wood scraps.
Business Tips:
  • Turn your passion into business.
  • Look for value into things that are usually thrown away or neglected.
  • Product quality is foremost.
  • Put your creativity to make unique and  beautiful pieces.


8. CHILI SAUCE


Description: Chili sauce - usually for siomai, but can be added practically to any food item (except sweets), because Filipinos love spicy food too.
Business Tips:
  • Don't let anything stop you, not even disability.
  • Don't be content waiting for blessing, seek it.
  • In everything you do, give your best.


9. ONLINE STORE

Description: Online store - selling anything under the sun, from beauty products to electronics. 
Business Tips:
  • Maximize your time.
  • Build trust among your clients.
  • Educate yourself on your products.
  • Always take care of your products especially when shipping them out.


10. INTERNET/GAMING SHOP


Description: Internet cafe or gaming cafe. If you can, define and separate the two computer shop types apart.
Business Tips:
  • Education is the key to success.
  • Don't be content waiting for blessing, seek it.
  • In everything you do, give your best.
  • Use the most money-efficient equipment, and always upgrade at the right time.



FINAL BUSINESS TIPS




source: ABS-CBN's My Puhunan



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