Those who want to set up a business might be looking for good business ideas. You don’t need to worry because you go to the right sites. In this article, we will discuss about 8 business ideas that you can try in the Philippines. What are you waiting for? Let’s read this article to get more information about it. Check this out!
Why You Should Start Your Own Small Business Now
Are you looking for unique business ideas Philippines? Before we discuss more about business ideas 50,000 capital Philippines, you need to understand what business is. So what is business? Business is an entity that provides goods or services for their customers in exchange for payment.
Read also: 5 New Tips How to Start a Small Business in the Philippines
Online business is one of the booming business in the Philippines. You might be curious why you should start your own business in the Philippines nowadays. It is because of the Philippines economic growth. The economic growth has reached 6.9% which is a great time for you to have your own business.
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You can choose what business format you want for your business. Here are 3 business organization forms you need to know.
Sole Proprietorship
The first business organization form you can choose is sole proprietorship. This form owned a business in a single person and there are no business partners needed.
Sole Proprietorship is the easiest business type to set up and the owner will be the one that handles and is responsible for the business unlimitedly. Once there is a business risk, owners might surrender their personal assets to pay all the debt caused by the business.
Partnership
Different from the sole proprietorship, partnership business can be composed by two or more business partners. Partnership businesses also have unlimited liability unless the owners set up limited-partnership (LP) businesses.
Corporation
Corporation is a business organization that is owned by several people, shareholders or legal entities. Owners will not need to take out their personal assets if there are any corporation debts because corporation is a limited partnership.
After you know the 3 business organization types, you need to find a small business idea Philippines 2022. You need to start your business as soon as possible, because of economic growth. Besides that, social media, buyers’ interest, and product demand also play an important role. That’s why you have to conduct a search first. You can try to search for a small business in Philippines with a 4k capital to get more selling ideas.
Read also: How a Business Creates Awareness in the Market? Find Out!
8 Small Business Ideas Philippines
Nowadays all people can own a business, no matter how old you are, you can create your own business. There are many small business ideas Philippines for students that you can try for your business. Are you curious? Here are several small business ideas in the Philippines.
Sari-Sari Store
One of the most common businesses you might find in the Philippines is sari – sari stores. What are sari – sari stores? Sari – sari stores are stores that you can set up in front of your house. You can sell many things here like daily needs such as soap, shampoo, cooking oil and many more.
Baking Business
Baking business is one of the quarantine business ideas Philippines. Baking business is a great idea for those who love to cook and bake to get their own money. You can promote and sell your baking business on social media like Instagram and Facebook. Don’t forget to take good pictures of your cakes that make the customers want to order them.
Rice Retailing Business
Rice is important in the Philippines because Filipinos are consuming rice in every meal. That’s why setting up the rice retailing business can be a good idea. You can try to sell several rice brands and prices so that the customers can choose and buy the rice at your store. To increase more sales, you can offer a free delivery for minimum sack of rice purchase.
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Online Selling
Online business is a good solution for those who are looking for more income. You don’t need to find a location and set up your stores. All you need is a gadget and an internet connection. You can choose the best marketplace to sell your product. Don’t forget to find food online business ideas Philippines too. Once you have found the online business ideas, you need to find the product supplier and make sure you offer a good product quality.
Food Cart
Another business idea you can try is a food cart. If you want your business work, you can find a reputable business name and ask for a joint venture. You will be taught all the business from the operations, marketing and other business aspects.
Photography Business
Social media is hype nowadays. Many people keep posting their pictures. If you have good photography skills, you can make it your business. You can offer a photography business in important events such as weddings, birthday parties, family shoots or any other important events.
Street Food Business
Who doesn’t love street food? Most of the Philippines really enjoy street food. That’s why setting up a street food business is really a good idea. You can sell sausages, fish balls, isaw and others. Make sure to offer clean and good tasting food.
Printing Business
Another business idea that you can try to set up is printing business. Printing business really works because there are many tarpaulins on many occasions like weddings, birthdays, company events and other important events. You can promote your printing business using social media too. For your additional information, this printing business is really good in the campaign seasons.
Read also 7 Proven Ways to Promote Your Business Online For Free
Conclusion
You can set up your business no matter how old you are. Before you set up your business, you need to conduct market research and find what are your passions. You can try to consider the 8 business ideas as mentioned above as one of your business. Once you have determined your business, don’t forget to make a promotion too.
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