[PEx Award Winner] Starting a business with one million pesos

[hans]

i have one million peso right now but i do not know what small business will i be interested into. any suggestions guys? i just badly need to start it now. thank you.

[topix]

You might want to join us in openning a franchise of Aboitiz parcel services, Mister Donut and Lotto in all the branches of Makati Supermart, Unimart, Cash & Carry and South Supermart. You can send your queries to troy_1200@yahoo.com

[nix]

There are so many ways to make money, it's surprising that people have a difficult time finding a good business to invest in. I can give you some suggestions, but in the end, the key is to find a business that you would have fun participating in. Remember, the key to success is how much fun you have in accomplishing it.

Here are some of my suggestions ...

-- A laundry business. Then you can have your friends put up their own pick-up centers around a certain kilometer radius in your area so you would be able to distribute your costs.

-- Franchise a food outlet. My own suggestion would be to get a franchise of Dairy Queen and place it in office areas. I think that the potential of Dairy Queen, if marketed properly, can be compared to that of Star Bucks. It's high end, high margin, and people love to eat Blizzard!!! You may need to get some partners though as this is a capital intensive business.

-- Put up a Lotto Franchise. Try to place your location near a high foot traffic area, especially near areas where people get down from jeeps and stuff like that.

-- Put up a low cost beads type of store. You won't believe how strong the Broadway Gems Outlet is near my store, and I'm thinking, hey, people (C&D Market) buy beads, and other ethnic accessories if given the right price.

-- Hmm ... if you have any more questions or need more ideas, just let me know.

[This message has been edited by nix (edited 10-06-1999).]

[KATKAT]

You can use ur money to put up an internet cafe and a laundry shop! Lakas pa kita mo. :)

[CaRaMBa]

I think you'll just need 800K to put up a smal internet cafe/computer games store. My friend started one last year. Just make sure you have a good location.

[batang uliran]

bumping this to the top.

[cianoy]

The lotto business appeals to me. How do I go about it? I don't know who to contact, nor what I need to establish a business.

[ross]

donate it to the church and hope that it's true that it comes back ten-fold.

[Virtual_Ry]

Put it in a time deposit. Im not that sure how much you'll get after a year but I know it will be more than half of the money you deposited or even more.

[KuyaDanny]

Back to page 1 for you.

[Mongol]

1M Php ... sure it will not buy you much of the MSFT stock, but going online trading is a good way to accumulate more.

As a matter of fact, many high schoolers here in the US instead of spending allowances elsewhere are instead using it in online trading.

O wanna bet? go to the sites of ameritrade or etrade etc ...

[Bobby Magnaye]

Hans, I can suggest something that you might be interested. I'm in a business with no big investment needed but can give you big income potential. I can show how and expain everything about the business. Please email me if you are interested @ bobmagnaye@hotmail.com

[hep2b]

The 1 mil may be enough for a start up franchise outlet but you have to consider the operating expenses. You usually incur cash flow problems during the first year.

[m_i_c_o_y]

i would like to suggest that the best thing u do to your 1 milllion pesos to open up a business is in the field of RECYCLING OF GARBAGE anything that deals with GARBAGE! smell bad buT who knows, it propably will make u a second richest man in the philippines or first... TRUST ME! ;)

[OKlang]

Originally posted by m_i_c_o_y:
i would like to suggest that the best thing u do to your 1 milllion pesos to open up a business is in the field of RECYCLING OF GARBAGE anything that deals with GARBAGE! smell bad buT who knows, it propably will make u a second richest man in the philippines or first... TRUST ME! ;)

hans,

This recommendation from micoy caught my attention. Me too is thinking of starting a small, but profitable business. Recycling sounds and smell good business.
Have you contacted Bobby yet???? Bobmagnaye@hotmail.com

[jopert]

Ganda sana pawnshop but I don't know kung puwede 1 m e! Dami kasi kelangan ng pera e! :D

[TNT2bluz]

hmm...I don't know, it must be something that you're familiar with. Core competency as they call it.

It is important that you're going into this with your eyes open. That money can be gone in an instant.

Mongol, day-trading for someone inexperienced with it isn't a good suggestion but a reckless one. The rate of day-trading failures by far leave the successes in the dust.

<;shameless plug>;I've got 2 year's worth of 64K leased line ready and good to go<;/shameless plug>; ;)

[This message has been edited by TNT2bluz (edited 08-11-2000).]

[gumacanian]

Buy a metal detector and dig,dig,dig like you have never dug before!!!
Theres gold in them there hills!!

[Rambus]

You could start a Hello Kitty Smiles kiosk. Franchises are being awarded by Gift Gate for P850,000 (includes initial inventory). Use the balance to put a deposit on your rental space and for initial working capital.

[vctor]

put up an internet cafe or computer rental shop
ayaw mo nun palagi ka sa pex?
lakas pa sa estudyante

[landiday]

How about growing mushrooms??? I don`t see much of them in the market. There is plenty recipes for mushroom. Have you tried mushroom fried in garlic and butter??? mmmmmm delicious....

[kalabaw]

Originally posted by vctor:
put up an internet cafe or computer rental shop ayaw mo nun palagi ka sa pex?
lakas pa sa estudyante

sinubukan ko dati 'to.. may kasama pa sanang rental ng mga playstation.. kaso hindi kami binigyan ng permit dahil malapit daw sa simbahan (150meters).. pero parang hindi rin ganon ka-feasible.. lalo na dito sa probinsya..

[Juan Y. Dimacali]

Hi, Hans!
I am now doing business in America with a
HK-based co. that has grown tremendously over almost 3 years. It has minimal investment, little risk, less headache and
huge upside potential. Do not listen to crabs and those who rely on gossip. Check out its RP branch at Unit 2101 at Robinson's
Galleria at EDSA cor. Ortigas.
If interested, e-Mail me so I can help you build your own business here in the USA.
jdimacali@angelfire.com

[NoisyCricket]

Originally posted by Virtual_Ry:
Put it in a time deposit. Im not that sure how much you'll get after a year but I know it will be more than half of the money you deposited or even more.



If you had a million bucks, and it earned let's say even just 1% compounded monthly, you would receive the following:

1,000,000.00 1% 10,000.00 1,010,000.00
1,010,000.00 1% 10,100.00 1,020,100.00
1,020,100.00 1% 10,201.00 1,030,301.00
1,030,301.00 1% 10,303.01 1,040,604.01
1,040,604.01 1% 10,406.04 1,051,010.05
1,051,010.05 1% 10,510.10 1,061,520.15
1,061,520.15 1% 10,615.20 1,072,135.35
1,072,135.35 1% 10,721.35 1,082,856.71
1,082,856.71 1% 10,828.57 1,093,685.27
1,093,685.27 1% 10,936.85 1,104,622.13
1,104,622.13 1% 11,046.22 1,115,668.35
1,115,668.35 1% 11,156.68 1,126,825.03

[patch]

bili ako siguro ng franchise ng starbucks
or put up ako ng food store myself ...
or maybe, internet cafe ...

kahit ano, basta alam kong kikita!

[KuyaDanny]

Originally posted by Noisy Cricket:
If you had a million bucks, and it earned let's say even just 1% compounded monthly, you would receive the following:

1,115,668.35 1% 11,156.68 1,126,825.03

You would be lucky to get 1% compounded monthly nowadays. One-year TD rates for P1.0 million are in the 8.5-9.5% range. After deducting the 20% tax on interest earnings, the net yield ranges from 6.8-7.6%

[insomniac]

You could put it in mutual funds or even set aside some of it in an endowment policy.

[gumacanian]

[QUOTE]Originally posted by landiday:
How about growing mushrooms??? I don`t see much of them in the market. There is plenty recipes for mushroom. Have you tried mushroom fried in garlic and butter??? mmmmmm delicious....[/QUOTE

Mushrooms Landiday?? I think you have been on the magic variety!!

[WorkAnt]

I'd change it to dollars before the peso falls to 50.

[aticus]

There was a study conducted by a prominent MBA program, and they discovered that the single most profitable business, peso for peso, is a barbershop.

pawnshops are in the top ten, but are so capital intensive that it would cost way more than 1 million.

Barbershops are low cost, low maintenance, and in the right location are ALWAYS earning. You can control your appetite for fastfoods (McDo) or coffee (Starbucks), but you can never stop your hair from growing. What the MBA program discovered is that Filipino men in general don't like long hair, so they cut it often. (Think once every month, to be conservative). Plus, men in general don't vary their styles as often as women, so they go for the same kind of style (barber's cut being one of the most popular) over and over again. They also don't tend to experiment. If there's a barbershop nearby that they've gone to before, the chance is pretty good they'll keep going back.

So, assume you have 8 chairs. Each cut costs, say, 70 pesos. one cut per chair per hour. In 8 hours, your one chair makes 560 (assuming only haircuts are needed). 8 chairs would make 4,480/day). This assumes they only want haircuts and no hot oils, shaves, extra massages, manicures, pedicures, etc., etc. Think about it.

[hansel]

Originally posted by aticus:
So, assume you have 8 chairs. Each cut costs, say, 70 pesos. one cut per chair per hour. In 8 hours, your one chair makes 560 (assuming only haircuts are needed). 8 chairs would make 4,480/day). This assumes they only want haircuts and no hot oils, shaves, extra massages, manicures, pedicures, etc., etc. Think about it.

That is, of course assuming that your shop is full for 8 hours. I'm not sure but I think the barbers are usually paid by the number of cuts they do so you might have to deduct say half of you earnings bringing you to 2240/day x 30 days = 67,200 minus electricity, rent, salaries for cashier, etc. You might net around 40,000. Not bad for a minimal investment.

[barehead]

Amen. I'd proceed and put up a barbershop (or chain of barbershops) if I had the money and space to spare. But would it or wouldn't it help the business for me to appear in the premises, considering I have no hair? What's your guess? Then they can put an addendum to that MBA study.

BTW, a Mr. Quickie franchise is a high-return, low-hassle investment. A franchise supposedly requires constant attention by the franchisee. But according to one franchisee's staff, the constantly traveling basketball player Dondon Amp hardly ever pays them a visit.

[aticus]

Yup, 40,000/mo. ain't bad, especially if you started with 1 million. That should give you a nifty ROI of 48%. Given our economic troubles, not bad.

As for the problem of barehead... =) I think that would still work. I had a friend from Australia who needed a shave (head, that is), and he commented that Filipino barbers are exceptional. (Of course, he was scared out of his mind when he saw the open blade that was going to be used...hehehe).

Mr. Quickie sounds like a good idea. How much are the licensing fees though? I hope they're not too prohibitive. And are those cool key duplicating machines expensive?

[aticus]

Important note:

I was once involved in the running of an internet cafe. The returns are not as high as some people may be led to believe.

Factoring in the cost of the computers (say, 30?), five computers would cost 150. Factor rent (maybe 10/mo.) and electricity and other stuff... not to mention the internet connection (leased line, probably, or networked cable connection), and you've got a lot of expenses.

But what about earnings? Well, most network gaming places/internet cafes are constrained to charge no more than, say, 60-75 pesos per hour. Even if all 5 computers are in use for 8 hours a day, this would mean at most 3Thou per day. The reality, however, is that most internet cafes are not full for 8 hours a day. At 80% capacity, you'd earn 2.4 thou, at 60%, 1.8 thou. Not much. Especially since you haven't factored expenses like upgrades, electricity, repairs, etc., etc.

The reason I suggested barbershops was the equipment pretty much doesn't need upgrading (at least not like computers), the income is steady (if not spectacular), and the clientele is often loyal. (Internet cafe customers try to get computers of their own as soon as possible, and then don't return to the cafe unless absolutely necessary).

Do any of you know that nice physically-impaired barber from the UP arcade who has been cutting hair for over 30-40 years? I think he hasn't changed his chair since. Now THAT's good equipment. =)

That said, however, I don't want people to think that I'm a die-hard barbershop fan. I'm just trying to use a real-life business model to show people that sometimes old-school business can still be more viable than new-age business.

By the way, that Internet cafe I was involved with? Owner closed it down coz it wasn't making enough money.

Oh, well...

[KuyaDanny]

This topic was voted "Most Educational" by the members of PEx.

Thanks to everyone for participating, and congratulations, hans, for starting the discussion.

[zimdude]

By now, we know that a "dot com" is out, so...

Something that would cater to a niche and make them pay a premium for it... hmm :|

[zimdude]

here's the award-winning thread! post on!! :grinroll:

[caporegime]

Open your eyes, and listen to what people need and not what you want to sell, nor what you guess will sell. With that amount of money, you can have someone look and listen for you, have your very own "intelligence network".

If you will need to import what these people need, search for a source on the net, study them carefully, check or better yet, test their reliabilty and have the guts to transfer large amounts of money overseas for the purchase.

(HINT: china, HK & taiwan might have what you need)

Btw, do not communicate by e-mail, do it by phone or fax because this demands attention. Try & build a relationship with them.

Lastly, don't tell them what forwarding company you prefer for shipping the goods, ask them what freight company they could recommend. Insist on it and pick the unknowns. Call the local agents and ask them questions.

Once upon a time I turned an 80K Php investment into 240K employing this scheme. One shipment and two deals (sale) within two months without ever having to leave the basement er.. office.

BTW, you first must have a legit trading company of course. You can use your house basement as your HQ.

Too risky you might think, but it works! The 240K is nothing compared to the experience. You get wiser a li'l bit everytime.

To let you know I don't even like selling. ;)

[tazbivr]

Lika hans partner tayo.I have a 10 hectare farm in San Mateo, Isabela. One of the biggest money makers is buy and sell of grains. Kung may mechanical dryer ka ++++++pa. game ka?

[dilbert]

How about we raise the stakes to PhP 10,000,000?

What business is appropriate for that kind of money. Is it better to put it in blue chip stocks or time deposits (are there international bank accounts in Philippines where insurance is up to US$100,000 and not the measly PhP100,000).

Suppose you already have a stable job (>PhP100,000 a mnoth) ,and the 10M is just extra money, where will you put this?

Thanks for advice.

[gumacanian]

Chances of sucsess are low so put the lot on the black spot on the roulette wheel......Thats the closest you`ll get to 50-50..And the quickest way to earn a million!! If you lose??? Well you probably would have lost it anyway!

B>T>W How did you get the 1 million in the first place??

[Ben_J_Mann]

you can actually buy a condo in cityland for 1.5 or 1.3 even ... then have it rented or sell it after a year, a good location would be the one in ortigas, mega plaza, i don't know if its 100 percent ocuppied though ......

[Krakista]

Originally posted by Ben_J_Mann
you can actually buy a condo in cityland for 1.5 or 1.3 even ... then have it rented or sell it after a year, a good location would be the one in ortigas, mega plaza, i don't know if its 100 percent ocuppied though ......
TALO! The going monthly rental rate for that studio type property is 7K (not including association dues) and that amounts to 84K assuming full occupancy for 12 months (Not that easy to find a tenant). On a 1.3M investment, that's only an ROI of 6.4% before taxes. Better to put it in a time deposit and stay liquid.

[Ben_J_Mann]

Originally posted by Krakista

TALO! The going monthly rental rate for that studio type property is 7K (not including association dues) and that amounts to 84K assuming full occupancy for 12 months (Not that easy to find a tenant). On a 1.3M investment, that's only an ROI of 6.4% before taxes. Better to put it in a time deposit and stay liquid.

not even ... it depends on how you manage your property and depends on the condo ...

[weapon_x11]

Originally posted by dilbert
How about we raise the stakes to PhP 10,000,000?

What business is appropriate for that kind of money.

Ten barber shops? :D

Dapat in different locations.

[twentysix]

You can definitely start a small business with a million peso, however it's important to watch out for the trend and be able to predict it for the next 5-10 years at the least. Of course, it should also be within your interest and knowledge.

[oyii]

barbershop? what about a salon? why do you think the Davids salons are everywhere even in the provinces? ang alam ko nga lang eh nde sila franchise kundi partnership..

i dont know the difference, but it surely is very promising.. open one near the university belt.. sobrang kita yun..

yung branch nila near ust eh laging puno.. nde lang ng estudyante kundi ibat ibang klase ng tao.. from bata to matanda, lalaki at babae.. at syempre ng mga bakla! ang saya di ba

[MsJoelle]

buy a lot somewhere in Binondo, Ortigas or Makati then gawin mong parking lot. malakas kita nun, promise! ... :bonkself: ...

[sexysushi]

Wow! 1 million! There's so much you can do and so much more money that you can earn! Advice ko sayo: go with what you're interested in. this way, you wont feel like you're working while your doing your job. You'll be enjoying your work for the rest of your life and you'll surely earn a lot, diba! Very few people are able to find this! :)

You can start a few small businesses na nga with that amount of money. There are so many franchises to choose from or just start your own. You can copy the other franchising companies or have something new that is not yet sold here. Good luck to you!;)

[Krakista]

Originally posted by MsJoelle
buy a lot somewhere in Binondo, Ortigas or Makati then gawin mong parking lot. malakas kita nun, promise! ... :bonkself: ...
For 1M, you can't fit even a single car on that lot! :lol:

[oyii]

what about a farm? an orchid farm? or a mango farm? siguro malaki din ang kita dun.. in our province madaming prominent people ang bumibili ng lote.. JPE for example has a mango farm.. dondon ampalayo has an orchid farm.. joe taruc also has an orchid farm.. feasible ba talaga ang mga to?


btw i read that vina morales' salon is open for franchising for 350k..

[MsJoelle]

Originally posted by Krakista

For 1M, you can't fit even a single car on that lot! :lol:
sabi ko nga eh. nagpapatawa lang naman. kita mo, natawa ka! ... :bonkself: ...

[xyndirit]

Originally posted by oyii
btw i read that vina morales' salon is open for franchising for 350k..

we're planning to put up a business back home and my idea is to put up a barbershop or a salon. so you think Ystilo is good? it's still new isn't it?:rolleyes:

[Krakista]

So what new business ideas have you got for these challenging times?

[zimdude]

In "challenging times," you either have to save on what the customer is otherwise spending, or, you have to deliver a new experience that's worth spending on...

[Krakista]

That experience could be the fear of chemical and biological agents reaching us. How about selling gear like gas masks and the like?

[blue[]ce]

is the taxi or puv business profitable? during lean times, my bet would be to go for basic needs. the problem is, most of these businesses are already firmly established and it is hard to break through. how about a grocery?

[Krakista]

Any substitution business will thrive. Eight '0 Clock killed Tang, Hope (and its tax avoiding alternate tradename Mark) is preferred over Philip Morris, those going to five-star restaurants will shift to four or three star restaurants. I had mentioned in another thread of a company reaping record profits. They did it simply by being a substitute to their competitor who no longer could keep up with payments to suppliers. It was simply a case of being lean and mean and having a competitor who wasn't.

It could also be an opportunity for Linux to thrive. Package it with certain applications and market it. Make it a worthy substitute for Windows on the desktop.

[mac_bolan00]

1 million? let's see...

1) are you good with meats? buy 1 second-hand tamaraw/ fiera and two chest freezers (< Php 700 total), hire 1 butcher and two helpers. get a supply contract from a monterey outlet (in the supermarkets). buy live monterey hogs (60-80/kg live-weight). do the slaughtering and trimming. sell various pork cuts to outlets at 80-90/kg, outlet sells at 100-110/kg.

or, make lumpia and siomai and supply to kowloon, jollibee, etc.

make sisig ready-mix and get a supply contract from trellis, congo grill, danny's grill, etc., etc.

2) are you a retired/ resigned employee of san miguel, procter and gamble, unilever, kimberly-clark, etc., ect.,? buy a second-hand van, convert your living room into a stockhouse and ask for a small franchise area wherein you can do the distribution to the available retail outlets.

3) are you a good scrounger (re-cycler)? buy welding machines and cutting torches, hire good welders, scrounge for scap/ wrought iron. fabricate chairs, benches, window grills, basketball hoops, party tables.

know plastics? have an engineer jury-rig a grinder/shredder machine, scounge for used mineral water bottles. clean and shred finely and sell to plastic blow-molding companies.

4) are you a good PC hardware man? assemble PC's cheap, load them up with the desired software and rent-out with a contract to maintain to cyber cafes, schools, small offices.

...more to come.

the information provided herewith were gathered from sources believed to be truthful and accurate. success of the above concepts when translated into a real enterprise cannot be assured. have a sense of humor and watch your personal expenditures

[A_OK]

What about starting a pre-paid internet ISP? How much would that cost?

[yuch415]

Originally posted by aticus
There was a study conducted by a prominent MBA program, and they discovered that the single most profitable business, peso for peso, is a barbershop.

pawnshops are in the top ten, but are so capital intensive that it would cost way more than 1 million.

Hello to everyone in this thread! :wave:

To Aticus, would you be so kind enough to share with all of us what businesses were included in the Top Ten Single Most Profitable Businesses as you mentioned above??? I'm guessing aside from the barbershop/salon and pawnshop biz, other profitable businesses are a laundryshop, bakery, and maybe a convenience store... :)

Hope you can fill us in and thanks to Hans for starting this informative thread! *okay*

:beauty:

[yuch415]

ooops double post! :p

[zimdude]

A_OK:
Starting a prepaid ISP is simple now because a number of companies (including my employer :glee: ) offer Virtual ISP backends. I don't know how the business outlook is because competition is really driving the pricing down and you have to find a way to de-commoditize it.

[sentiments]

Originally posted by Krakista

It could also be an opportunity for Linux to thrive. Package it with certain applications and market it. Make it a worthy substitute for Windows on the desktop.

amen to that..... and let's break the M$ monopoly :D

[A_OK]

What about laundries ala Lavandera Ko? What is the rate of return on businesses like that?

[ready2go]

I've always believed that one should go into business in a field you genuinely love. Don't enter a business just because it is a trend or just because it seems profitable.

With that said, let me answer the scenario presented:

What business would I venture in if I have one million pesos?

I would definitely go into something computer related.

An LAN shop is the most obvious venture but definitely not the sole choice.

A computer services and supply store is also plausible.

An information technology school is possible but improbable because of investment amount constraints. (1M may not be enough)

A software applications and web content developing company is a very sound path but would require a strong marketing arm.

Hmmm... what to do... what to do...

After almost an hour of thinking, I've decided to use the money to set-up a LAN shop / Internet cafe. Along with this, I'd include computer repair and supplies customer support services. During early afternoons, when LAN players tend to be low in numbers, I'd conduct simple and short computer courses for students and adults alike. And finally, during idle times when I'm just manning the cafe, I'd be busy developing systems or designing web sites for clients.

Hehe... it's a mix of everything. :glee:

r2g :coolhat:

[mac_bolan00]

Originally posted by A_OK
What about laundries ala Lavandera Ko? What is the rate of return on businesses like that?
not sure about the ROI but it seems easy enough to compute: cost of washing machine, labor, detergents, electicity and water. get all those. survey other laundry businesses and get an idea of the sales volume they generate (and the revenue per kilo).

just one thing. mind the environmental considerations. you won't be required an ECE by DENR but you'll probably be have to prepare an IEE checklist, especially if you're in an "environmentally critical area". examples of ECAs are the la mesa watershed area and the laguna de bay area.

DON'T EVER DUMP SOAPY WATER INTO A CREEK OR A RIVER!

[A_OK]

Thanks to this very informative thread I have just sunk P600k into opening a laundry in Project 4, QC.

Im expecting to recoup my investment by Dec 2002 (wish wish!)

[A_OK]

BTW, how is the internet cafe/netgaming scene going? Ive heard amazing stories of how these things make money.

[mac_bolan00]

Originally posted by A_OK
BTW, how is the internet cafe/netgaming scene going? Ive heard amazing stories of how these things make money.
hirap na ngayon. in one recent debacle, my friends "bought" an entire packaged c-cafe with 10 PCs for 150k. monthly expenses included the following:

rent 10,000
electricity 5,000
ISP 4,500
TOTAL MONTHLY = 19,500

their monthly revenues initially ranged from 20,000 to 35,000. unfortunately, there were days when sales were nil due to things like all-saints'-day, sem breaks, exam days. coutple with this the need to pay the balance of the 150k they still owed the original owners, patay sila.

[bbb_168]

this is a good topic ... people should start thinking about starting their own businesses. i believe it's the only way to become financially independent.

a good business starts with a real product. the product has to fill a need. and it has to be something everybody uses, regardless of market segment, age, sex, location, etc. i still think food and food-related businesses will do well. i know my food-related business is doing well, despite the crunch. :)

[A_OK]

Originally posted by mac_bolan00

hirap na ngayon. in one recent debacle, my friends "bought" an entire packaged c-cafe with 10 PCs for 150k. monthly expenses included the following:

rent 10,000
electricity 5,000
ISP 4,500
TOTAL MONTHLY = 19,500

their monthly revenues initially ranged from 20,000 to 35,000. unfortunately, there were days when sales were nil due to things like all-saints'-day, sem breaks, exam days. coutple with this the need to pay the balance of the 150k they still owed the original owners, patay sila.
Saan naman ang 'location' nito?

Maybe makakamura if the recurring expenses are cut down (i.e. rent)

[hello_kitty]

Originally posted by mac_bolan00

hirap na ngayon. in one recent debacle, my friends "bought" an entire packaged c-cafe with 10 PCs for 150k. monthly expenses included the following:

rent 10,000
electricity 5,000
ISP 4,500
TOTAL MONTHLY = 19,500

their monthly revenues initially ranged from 20,000 to 35,000. unfortunately, there were days when sales were nil due to things like all-saints'-day, sem breaks, exam days. coutple with this the need to pay the balance of the 150k they still owed the original owners, patay sila.

I have to comment on what you said.

The Cyber Cafe industry is now more competitive, not everyone that tries to put up a cyber cafe will succeed. There is still lots to be made in cyber cafes, but one must invest more money in order to be more competitive.

Netopia is one prime example, that company has 300+ cyber cafes all over manila, and they are trying to open more cafes.

Netopia has a winning formula and has franchised it successfully. Gone are the days where you invest some money at some location and magically make tons of money! You must now study more carefully the product mix that you will offer in your cafe and your location better be strategic or else you will go down in flames.

[mac_bolan00]

Originally posted by A_OK

Saan naman ang 'location' nito?

Maybe makakamura if the recurring expenses are cut down (i.e. rent)
it was in sta. mesa, two streets away from the PUP campus. the first street already has five (5) cafes and all are doing good. the cafe-in-question was relying on excess demand (there really was) but it was too vulnerable to the above-mentioned seasonalites. also, the expenses i mentioned were already the barest minimum (except for the ISP charges which could be converted to pre-paid). the guys worked from 10AM to 2AM (14 hours) without ANY PAY.

kitty,

i agree. there was a time when internet charges were more than 70/hour and games were more than 40/hour. people who started this thingie got rich awfullt quick. but times have changed. aside from franchising, location has become very critical to attain good scale economics. in the recto area, there are cafes with more than 100 PC's and no rent expenses since the places are owned by the operators. now THAT'S OPERATING AT THE RIGHT SCALE.

[Bartman]

A_OK Thanks to this very informative thread I have just sunk P600k into opening a laundry in Project 4, QC.

Hi A_OK. I hope your business is doing well.

I was just wondering what's are the capex items in starting a laundry business. How many washing machines and dryers did you buy? How much is each? What are the other things you would need.

Also, what is the average revenue per day?

I'm seriously looking into opening a business like this. Hope you could help. thanks

[zimdude]

Hi all! Hope your current or future businesses are doing well. Do drop by the PEx Business Club thread (http://www.pinoyexchange.com/forums/showthread.php3?s=&postid=1915396&t=141) where we are planning to meet at the Ortigas Center area this February 22. It would be great to "network" in person and get to talk with people with ideas, capital, connections, and the things you need. We're working towards that!

[jbalmeo]

If you want to join the field of ISP... check this out....the ISP is very new and is satellite based!

For Area Coordinator here are the requirements:

1. 100 Independent Distributors (P560/ registration),
paid-up amounting to P56,000.

2. 50 vouched Plan 80 hrs = Plan P900 + P90(10%vat) + P250 processing fee x 50 subscribers amounting to P62,000

** Total of P 118,000 for no. 1 and 2.
3. atleast 20sqm office
4. Dial-up lines - min. of 2
5. Computers - min. of 1
6. Technical People - min. of 2
7. Customer Service - min of 1


or

As an Independent Distributor just register for P560- and you can now market all their products ranging from ISP(residential, business or corporate), web design and web hosting, Int'l pre-paid cards, etc.

......for those of you who are into PC assembly i suggest you join as independent distributor. why? you have your clients and of course PCs now come with modems..... and that's it if you're thinkin, refer them to this ISP and you even earn extra income......

[A_OK]

Originally posted by Bartman
Hi A_OK. I hope your business is doing well.

I was just wondering what's are the capex items in starting a laundry business. How many washing machines and dryers did you buy? How much is each? What are the other things you would need.

Also, what is the average revenue per day?

I'm seriously looking into opening a business like this. Hope you could help. thanks

Hi Bartman. Sorry for the delay in replying.. daming ginagawa eh. We have 4 washers, 4 dryers on a P12k/month space. You can set up a business like this for around .5M-.8M. I recommend that you get your feet wet first in the business (hang around or partner with someone whos done it) before you do.

As for average revenue, we still dont know, kasi its only been running for 2 months, and business has started to pick up na. Hopefully we will ROI in a year.

[TRACATTACK]

I've been thinking about putting up a carwash business. The only problem I can think of with this business is location. You don't have 2 invest to much in this one ***** *** pressurized washer and mas ok sana yung Foam washing machine na mabango and parang whipped cream everytime na nag papalinis nga ako somewhere in visayas ave. naiisip ko yung chocolate mousse ng red ribbon:D

[A_OK]

Originally posted by TRACATTACK
I've been thinking about putting up a carwash business. The only problem I can think of with this business is location. You don't have 2 invest to much in this one ***** *** pressurized washer and mas ok sana yung Foam washing machine na mabango and parang whipped cream everytime na nag papalinis nga ako somewhere in visayas ave. naiisip ko yung chocolate mousse ng red ribbon:D
Uy ok ito ah! Pero nga lang, kelangan marami kang kilalang kanto boy na taga-linis..

[zero]

my sis and i r planning to open a shop. we're thinking of selling goods or becoming party planners. anong mas ok? and how dyou go about it? i mean if decided na kami sa gagawin namin how kami magstastart? get connections muna, canvas, register? how?

[aromatics]

if i wanted to put up a biz what would be the most profitable and will go a long way...I wanted to invest like P1M from my total savings...i want a return of 40%..anybody can give advice...

Note i wanted to go back to Pinas and start a biz while im still in my early 30's...

[tadeus]

*bump*

:D

[SILENTMAX]

Originally posted by aticus
There was a study conducted by a prominent MBA program, and they discovered that the single most profitable business, peso for peso, is a barbershop.

pawnshops are in the top ten, but are so capital intensive that it would cost way more than 1 million.

Barbershops are low cost, low maintenance, and in the right location are ALWAYS earning. You can control your appetite for fastfoods (McDo) or coffee (Starbucks), but you can never stop your hair from growing. What the MBA program discovered is that Filipino men in general don't like long hair, so they cut it often. (Think once every month, to be conservative). Plus, men in general don't vary their styles as often as women, so they go for the same kind of style (barber's cut being one of the most popular) over and over again. They also don't tend to experiment. If there's a barbershop nearby that they've gone to before, the chance is pretty good they'll keep going back.

So, assume you have 8 chairs. Each cut costs, say, 70 pesos. one cut per chair per hour. In 8 hours, your one chair makes 560 (assuming only haircuts are needed). 8 chairs would make 4,480/day). This assumes they only want haircuts and no hot oils, shaves, extra massages, manicures, pedicures, etc., etc. Think about it.



barbershops are amazing buisnesses
ive been doing some feasibilty studies on it and they really do turn a profit. some negatives on it though are tracking the income and getting good employees

[SteadyBoy2k]

How about a business for a college student?

Isn't it true that many CEOs of great companies started their business in college? ie. Microsoft Bill Gates, Umm Dell Computer, Umm E-bay.

Contribute you ideas!

[sayuri_succubus]

Originally posted by SteadyBoy2k
How about a business for a college student?

Isn't it true that many CEOs of great companies started their business in college? ie. Microsoft Bill Gates, Umm Dell Computer, Umm E-bay.

Contribute you ideas!

...they had venture capitalists to back 'em up. ;)

[SILENTMAX]

hmmm sana naman :D

i started my nba card business when i was in highschool

i started my current business when i was in 3rd yr college also the same reason why it took me 5 years to graduate instead of 4. but hey i was having fun

[Carpe_Diem_Z]

*revive*

[moonshine]

meron pa bang okay na negosyo ngayon? with all the political uncertainty, currency fluctuations, rampant crimes. Would you risk your money in our economy now? And where?

[Spyfrat]

seaweeds :)
http://www.seafdec.org.ph/stories/story15-carrageenan-bearing-seaweed.html

detailed economics of putting up a seaweed farm
http://www.bi.go.id/sipuk/lm/eng/seaweed/introduction.htm

[Spyfrat]

sa pagkakaalam ko to sa bisnis na to kung maraming supply (not the usual supply n demand law) and farmers ng dried seaweeds, mataas ang price nila. kasi the more volume the farmer can produce, the better and less cost for the buyer sa freight and handling expenses nya (base sa per kilo computation).
the govt is eyeing 1 million jobs within the next 2 yrs sa industry na to.

[OliverWood21]

Hello evrybody..

Theres just one thing that bothers me everytime. When is it 'safe' to borrow money to be used for starting a business?

I always have this idea wanting to borrow at least 300K from a bank and start a cybercafe business in our area. But the thing is, I am afraid that the business might not do well screwing my name up in the bank because of not being able to pay them back.. :(

Is it really worth it ( borrowing money, that is) to start a business or should I just wait for a time when I can raise my savings account before starting one?.. =)

[President]

keep posting

[mcgyver8]

there's a new industry that is currently thriving. the industry is the "Digital product industry"

checkout

http://www.internationalbookstore.biz/icm

[zerozhar]

up ko *** mga sir

[earndollars_etc]

Attn: Internet Cafe Owners
Topic: Additional Income Opportunity

Q: Are you happy with what your cafe is earning at present?
A: I guess not, because cafes are only earning 15t to 30k GROSS monthly including Utilities expense, take away the expense and you will end up at around 7t to 20t a month. And it depends on the number of PC's you have.
Q: If I can show you a way how to earn between 100t up, would you be interested?
Q: Are you asking what is the investment??
A: Well the investment is from 0 to only almost 40t and your management skills.
Q: What will you get from your 0 to almost 40t investment?
A: A monthly earning of between 50t to as high as you can imagine.

And if you would like to know more, send me an email or reply to this post.. The earnings are in US DOLLARS not in peso. Sorry, I can't tell you how it works here. Because our competitors might duplicate our strategy. And by the way, the minimum requirement is at least 5pc's with very fast internet connection. The PC's processor should have a processing speed equal or more to Pentium 4 2.0g with at least 512mb memory. If you can meet these minimum requirement, then send me an email or reply to this post.

I Will be waiting for you to EARNDOLLARS.