Creating the perfect business plan is an art for the investor in you.
Before making any final decisions, allow our family to give you some insights from our point of view on the current climate of investing in the Philippines.
Yes, we know that we are not an authority with small business as well as big investments in the Philippines but we sure have gone through to a lot of marketing and management stints ourselves owning different kinds of small community-based investment near our home as well as online.
We might have never done catering but we have done a carinderia-type of "negosyo" in our home in Caloocan. We cook the food, go to the market to buy ingredients and more.
We've done a lot of computing our return on investment and we've also done balancing our finances and listing our daily expenditures as well as total sales and done minus and plus from "puhunan" or investment total for the day vs total sales minus the expenditures from manpower and labor to raw materials to maintenance to electricity consumption and food allowance and yes, even the small outs and ins of money is being computed each and everyday of our life managing a small eatery in the Philippines.
To some or most of you, this could be just a small time investment system but it means a lot to us to be able to cope up with the trends in the community as well as cope up with the basic to the most complicated problems of managing, accounting and doing inventory. We even have our own small ledger where we keep our records for daily total sales to expenditures in all aspects of business.
We were successful on this one until we all ran out of passion to cook and sell cooked meals in the community eatery we manage. I must say it's so tiring to do it and the rewards are not as quick and big as we thought so I as the father got back to managing my own electronics shop which grew to 3 branches - one home based and 2 with rented stalls. Again, I succeeded on this until I couldn't handle all the stress of working while doing the management with a couple of other friend investors who took time trying to cheat on the electronics shop earnings every once in a while which I learned later on because of my own system.
Even if I didn't take an actual course or units in college, I can very well do my own research online.
I can see how any venture can
improve and prosper can be successful.
I can implement needed changes and analyze pitfalls and loopholes and problems that cause certain impact on a business I have venture and invested in to in the past.
In short, I have quite a lot of small investment ideas to give you so you can try them out but please, before anything else, only invest in something you really and wholeheartedly love. Never venture on anything to invest in to without knowing about its nature. Successful people knows this and it is no big secret in the industry anymore so don't experiment with your investment capital or you will eventually loose the race. Believe me, it's the most basic principle in investment that I have followed and believed in and I didn't know it at first until I began searching and found out why I have always succeeded in my ventures being a Pinoy entrepreneur. I remember having a friend in the business of driving school investment. He did it on his own and I would like to see myself as one too from then on.
If you really want to know what is franchising and how to purchase a franchise, please, make your study first. It's not enough that you know that a product sells and if you invest on it, you will absolutely succeed. Remember that in 2 excellent college students with the same academic excellence, there will always be a more successful one than the other.
The same thing goes for Philippines business franchising. It does not necessarily follow that if a product sells, it will perform the same with your franchise as compared to the original. There are so many factors on it and one is to make a sample plan and present it to your partners for deliberation and planning.
Things you need to know about food cart franchise are fees (cheap choices included), is the stall or foodcart and other utensils included?, are materials and supplies available all the time?, franchise agreement inclusions and specifics, franchise duration (if there is any) crew training, franchise materials, construction of your cart and more.
So here is the initial updated BIR list of 2014 top 100 corporations (50 top tax payers) and multi national companies that you can target investing or have business with in any way or another this year.