Business advice for the clueless salaryman

[1D4LV]

This is one of my dilemmas too. I am earning well naman but I know I can't be an employee forever. We don't know when the company will ax us, right?

Gusto ko pumasok sa business but don't know what and how to start. I have modest savings but these are hard earned money, I want to start small para konti lang muna puhunan and I can still breathe comfortably knowing na may cash on hand pa ko for emergency purposes. I tried partnering with a relative before for a small business pero hindi pinalad.

my advice.
if you have some modest savings while you are working, invest it in investment channels like mutual funds and stocks, wherein you can still continue earning from your job, while earning passively from investments.
then when the time you are ready (or if the company will axe you), mas malaki ang naitago mo.
you cannot afford to lose your hard earned money from savings which you are not familiar of. mas nakakahinayang.

and when you invest it in higher yielding channels, you defeat inflation compared to putting your money in the bank.

[champlm]

my advice.
if you have some modest savings while you are working, invest it in investment channels like mutual funds and stocks, wherein you can still continue earning from your job, while earning passively from investments.
then when the time you are ready (or if the company will axe you), mas malaki ang naitago mo.
you cannot afford to lose your hard earned money from savings which you are not familiar of. mas nakakahinayang.

and when you invest it in higher yielding channels, you defeat inflation compared to putting your money in the bank.

i already did, pero ciempre modest lang din.

[HondaEnthusiast]

My suggestion, wife manage the business and you help part time. Or vice versa.

This way you are not dependent on biz' profit yet. And if break even lang, just continue, you have a job to feed you anyway.

That's what we did. Now we're into our second year. Not much profit, but better established.

Spot on brotha!

[badsekktor]

Advice lang po. Medyo bago sa akin to. Just received call from someone claiming from cpp npa. To make it short. Extortion. Medyo puzzled lang since hindi naman ganun kalaki negosyo namin ni misis for us to be targeted by them. Medyo kinakabahan din for the safety of my kids. Any advice? Ano magandang approach? Kelangan ba subtle since i dont want to risk my family especially my kids.

[jack_husain]

Advice lang po. Medyo bago sa akin to. Just received call from someone claiming from cpp npa. To make it short. Extortion. Medyo puzzled lang since hindi naman ganun kalaki negosyo namin ni misis for us to be targeted by them. Medyo kinakabahan din for the safety of my kids. Any advice? Ano magandang approach? Kelangan ba subtle since i dont want to risk my family especially my kids.

You need to report it to the Police. When I say you report it to the police, go to a high ranking police officer in your place, like the station police chief or city director or provincial director in your place. Do it discreetly.

Usually, the Left does not ask or collect revolutionary taxes by phone. They will send you a formal letter complete with letterhead (under whose command the sender is coming from).

In your case, there is a possibility that the extortion is merely staged by somebody using the left.

[badsekktor]

Just reported to the police. As usual... wait and see. Doing our own investigation...

[ArchiDeos]

Advice lang po. Medyo bago sa akin to. Just received call from someone claiming from cpp npa. To make it short. Extortion. Medyo puzzled lang since hindi naman ganun kalaki negosyo namin ni misis for us to be targeted by them. Medyo kinakabahan din for the safety of my kids. Any advice? Ano magandang approach? Kelangan ba subtle since i dont want to risk my family especially my kids.

Bad news din sa akin kasi nangyari din last week yan sa amin. Takot na tako si Misis.. Kaya sa bi nya magbigay na lang kami ng 1K. Starting pa lang yung business namin kung tutuusin para targetin ng CPP-NPA. Kaya alam ko na raket lang yun at ang masaklap baka kakila pa namin kasi bat nya alam ang number ni misis. Sa Smart Money yung binigay na account so malabong matukoy yung me ari and di naman nakaregister kung kanino yung number na yun.

Hoping our government will initiate SIM Registration kagaya sa ibang bansa para di na sila makapangloko. Kaya advise ko lang huwag basta basta magbibigay ng number kaninoman.

[badkuk]

Bad news din sa akin kasi nangyari din last week yan sa amin. Takot na tako si Misis.. Kaya sa bi nya magbigay na lang kami ng 1K. Starting pa lang yung business namin kung tutuusin para targetin ng CPP-NPA. Kaya alam ko na raket lang yun at ang masaklap baka kakila pa ninyo kasi bat nya alam ang number mo. Sa Smart Money yung binigay na account so malabong matukoy yung me ari and di naman nakaregister kung kanino yung number na yun.

Hoping our government will initiate SIM Registration kagaya sa ibang bansa para di na sila makapangloko. Kaya advise ko lang huwag basta basta magbibigay ng number kaninoman.

i'm not familiar with their M.O., but 1k seems like a small amount, considering "NPA" ang nag eextort.

This could be an evolution of the "hi, kumusta ka na, pls send load" scam we've been having for years.

[glenn manikis]

If you ask me.. Import ka nalang ng kahit anong producto... Then benta mo dito.. You can go to-- canton fair.. Malulunod ka sa dami na Pwede mo Palang Gawin negosyo.. That you can double your money in a years time.. NASA sayo na yan kung paano mo ma market ng maganda chosen product mo..

Pero if I were to choose.. I'll look for a product na isang bentahan Lang malaki na agad ang income... And you only need to sell a few units per month..

[badkuk]

If you ask me.. Import ka nalang ng kahit anong producto... Then benta mo dito.. You can go to-- canton fair.. Malulunod ka sa dami na Pwede mo Palang Gawin negosyo.. That you can double your money in a years time.. NASA sayo na yan kung paano mo ma market ng maganda chosen product mo..

Pero if I were to choose.. I'll look for a product na isang bentahan Lang malaki na agad ang income... And you only need to sell a few units per month..

Yun po ang kagandahan, if you can find a product that really clicks, and ikaw ang nauna, malaki ang margins, then sell off the business once the copycats come in ^_^

i'm actually leaning more towards mass market, mas safe ^_^ Although the logistics, manpower etc nakakahilo

[glenn manikis]

Actually halos lahat ng producto bastA MuRA mo nakukuha, mag click yan...

[akosidab]

Im also an IT guy and im in late 20's na. Matagal ko na rin iniisip na mag business. After trying selling stuffs online, mlm, etc. Sabi ko sa sarili ko this is not my passion and not my skills, ginagawa ko lng yun for the sake of iwan ang corporate world.

Late last year, me and my friends decided to create a software that we can sell, still the project is around 30% from completion and we're just developing it on top of our current corporate jobs and hopefully before the year ends matapos namin.

Para saken, if ur going to choose a business dapat yung lapat sa hilig mo at skills mo, though wla namang masama mag try ng iba.

[badkuk]

Good luck on that project sir. Pag big time na kayo wag nyo kaming kalimutan dito sa tsikot ha ^_^

Cooking(as well as eating) has always been a thing in my family, though admittedly our tastes aren't as sophisticated. Me mga sideline din akong pa buy n sell ng konti, and lately i find it more rewarding.

Hobbies/sidelines are one thing, putting up a business at laying everything on the line is a big scary step. The interaction with people(employees, clients) is what i find most tedious.

[akosidab]

Good luck on that project sir. Pag big time na kayo wag nyo kaming kalimutan dito sa tsikot ha ^_^



Cooking(as well as eating) has always been a thing in my family, though admittedly our tastes aren't as sophisticated. Me mga sideline din akong pa buy n sell ng konti, and lately i find it more rewarding.



Hobbies/sidelines are one thing, putting up a business at laying everything on the line is a big scary step. The interaction with people(employees, clients) is what i find most tedious.

Haha. Sana mag dilang anghel ka sir.
Tama ka jan that sidelines are one thing, pero marami akong nakitang business na successful na nagstart lang as sidelines.

Meron sa office nagbebenta ng kung ano ano. I also have a friend na nag develop ng arduino (not sure of the spelling) blutooth device and he's making money. All of them started small and sideline.

Saken kc ndi ko kya pa iwan current job ko dahil wla nmn akong malaking ipon, pero if u can do it wlang msma. Mas mataas lng sa tingin ko ung "risk"

Bakit kasi ang hirap mabuhay sa pilipinas, we still need to do these things. Haha.

[badkuk]

That would be a dream, making/inventing something and selling it. i had a college professor once that came up with some circuit design and received royalty checks from electronics firms. Not exactly a business, but it's an inventor's wet dream, even if it isn't Facebook-level game changing.

[dishcom]

Im also an IT guy and im in late 20's na. Matagal ko na rin iniisip na mag business. After trying selling stuffs online, mlm, etc. Sabi ko sa sarili ko this is not my passion and not my skills, ginagawa ko lng yun for the sake of iwan ang corporate world.

Late last year, me and my friends decided to create a software that we can sell, still the project is around 30% from completion and we're just developing it on top of our current corporate jobs and hopefully before the year ends matapos namin.

Para saken, if ur going to choose a business dapat yung lapat sa hilig mo at skills mo, though wla namang masama mag try ng iba.

Ok ito ha..

[unmarked]

I'm an IT pro too, and like you its a personal goal for me this year to start a biz. Kahit on the side lang bec hindi pa realistic ang full time for me right now. Things that i am looking into, and i suggest baka pwede mo consider.

Lugawan/gotohan - cant argue with tubong lugaw philosophy. Estimate ko kung mataong lugar 100k investment baka sobra pa.

Catering/food provider - sa office or schools. Mejo challenging to. Pero from experience its still the safest, most affordable meal an employee can get apart from bringing a packed lunch. Sigurado ko ikaw mauuna gumising hehe.

[badkuk]

ang problem lang sa food, andali lang gayahin, low barrier of entry ika nga. i still remember the lechon manok story - a few stalls were put up, made money, other people copied, until the whole street was filled with rotating chicken. In the end none of them made money.

same story with internet cafes, ongpin gold/jewelry shops(altho madami pa namang bukas ngayon)

The good and bad thing about food is that nauumay mga tao -- bad because magsasawa sila sa food mo, good because magsasawa sila sa iba ang they may buy your food instead ^_^

[akosidab]

ang problem lang sa food, andali lang gayahin, low barrier of entry ika nga. i still remember the lechon manok story - a few stalls were put up, made money, other people copied, until the whole street was filled with rotating chicken. In the end none of them made money.



same story with internet cafes, ongpin gold/jewelry shops(altho madami pa namang bukas ngayon)



The good and bad thing about food is that nauumay mga tao -- bad because magsasawa sila sa food mo, good because magsasawa sila sa iba ang they may buy your food instead ^_^

Yung kapatid ko nagbebenta lng ng rice cakes, walang syang pwesto kundi sa bahay lang (less expense). Pre-order yung style nya. Dahil wala sya masyadong kalaban at kung meron man ndi kasing sarap nung sa kanya.
Kya lagi ang daming order.

[dishcom]

^ kaya mahirap mag business sa pinas..kasi pag nakitang ok. Maraming mang gagaya plus tatapatan pa ang price...