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December 7th, 2014 11:18 AM #21
Warning to those who would succeed in their business, always keep a low profile para iwas sa mga kamag anak at kaibigan na puro molestya at utang lang ang alam.
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December 7th, 2014 10:42 PM #22
Unfortunately, wala ako alam sa agri-food business so I can't comment on it. It's not my area of expertise after all so I can only give general advice.
Your business is yours alone. You can hire a manager but it's still essential that you're involved sa day-to-day operations. Your manager can leave, but you can't since you're vested in your business so take matters into your own hands.
I also highly recommend getting a mentor. The reason for this is that it saves you a lot of "hidden" costs in the industry. Knowing what to do when a problem pops out and acting decisively is quite important in a business rather than floundering around to try to fix the situation. What you primarily lose here is time -- and that's arguably more important then money. In our experience, it's easier on the wallet over the long-run if you simply hire a person with experience and learning under him rather than trying to save money by not hiring and simply doing it yourself.
Reading the comments, I find very enlightening answers from fellow tsikoteers. For example I wholeheartedly agree kay jut, most businesses I know that aren't hands-on will fail. That's why I'm on-leave sa group namin since I'm trying to enter the retail sector just waiting for January to finish the papers since I hate paying double registration fees in the city hall and BIR. Though since wala ako masyado ginagawa sa December, my mind's wandering to other businesses nanaman :naughty2: for example, iinisip ko magstart ng autoblog as a sideline (it's something which I contacted Niky na for his advice).
Still, the point is that you should know how to focus. If gagawin mo lang sideline lang yun business, let's say franchise ng Master Siomai, kahit hindi ka full-time okay lang since the business process is there na. Mayroon systema nakalagay na so kahit wala ka, umiikot parin. You can easily balance that type of "businesses" with your day job.
However, if it's a budding family business you're talking about. You will need to commit eventually. Maybe not at the start when it's mostly paperworks, learnings, and approvals. But when the ball is rolling, you need to start focusing. Also pay attention to shadow's post. That's your land -- only you will eventually know what to do with it.
Another important question is "how do I start?" For that, isa lang masasabi ko. Fulfill a need. You do not enter a business and expect it to be a success of the bat. In fact, before we start a business we usually have committed customers already in line. This is how most of our country's taipans start. If you know a rich family who owns a paper mill, it is a great idea to ask if they need an upstream (distribution and retail) or downstream (raw material supplier) "partner" and start from there.
For example, in putting up my retail, I already informed friends and family alike of my intentions to enter into the sportswear industry. So when the time they need the product, pumunta kayo saakin wag sa iba. While you will get critics kahit ano gawin mo.. remember that marketing is still marketing.. do it shamelessly. (P.S. Kung sino may kilalang retail store manager dyan preferably one who works at a shopping center, kindly PM his/her details to me )
Another example is the case of our coal import business, the #1 customer is us. It first started out as a need to lower the cost of raw materials for better margins on the parent company - this led us to negotiate with coal producers from other countries. Eventually, we entered into a contract agreement with an Indonesian coal company to supply us coal. Now for the effort done - negotiations, ports, logistics, warehousing, etc. savings namin per kilogram isn't big.. it's just mere cents. But these savings pile up over time and I'm pretty sure saving a Vios or two is worth the headache. Because not only do we save but we also open an opportunity to spin it off into another business. Of course, when your opponent is Semirara which is considered a monopoly in the domestic market (they produce more than 90% of total coal production in the country) don't really expect it to grow that bigLast edited by jhnkvn; December 7th, 2014 at 10:44 PM.
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January 14th, 2015 04:35 AM #23
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February 10th, 2015 10:38 AM #24kamusta na kaya si ts? if significant yun size ng lupa, ituloy mo na as agricultural. start ka muna small. nanggaling na ko ilocos area at mukhang mahirap palay since madalang natural source of irrigation. marami dyan bawang sibuyas singkamas. try mo kahit 5 hectares muna para makabisado mo galawan ng market like kung alin crop ang may pinakamagandang yield at pinakamagandang kita. at the same time
kilalanin mo ang mga necessary contacts like yun prospective clients, suppliers like truckers and sources ng maayos na binhi.
kung kita ang hahanapin mo, may kita naman dyan basta commercial ang scale. baka mas malaki kesa mag-empleyado ka. kaya lang hindi yan kagaya ng ibang business na daily may income. depende yan kung tuwing kelan ka haharvest. try to scout buyers na mataas kumuha at laging nagbabayad ng cash since fast moving ang agricultural products.
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February 17th, 2015 09:36 AM #25
I'm also planning to put up my own business, any LPG Dealers here? I'm thinking of setting up one in our neighborhood medyo bago ang subdivision namin and I think i have an advantage. I just need some inputs from existing dealers/owners. \
What are the things that I need to consider? so far I can see na palaki ng palaki ang subdivision namin from Phase 1 to Phase 6 na ngayon, I have access to the list of all the household living inside the subdivision since I will be developing the payment system for the subdivisions water bills. I've also created a facebook page para sa homeowners which I think can also be used as channel for marketing. Monitoring planning to develop/setup a simple app which will allow me to monitor ung mga sales ko and to do follow ups kung mauubos na ang gas tank (proactive measure), willing to give freebies din say for every 3 consecutive refills you get something in return.
These are my ideas, if anyone can give me other considerations please do post it.. will really help a lot, especially dun sa mga may experience na.
TIA.
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February 17th, 2015 10:08 AM #26
I'm also planning to put up my own business, any LPG Dealers here? I'm thinking of setting up one in our neighborhood medyo bago ang subdivision namin and I think i have an advantage. I just need some inputs from existing dealers/owners. \
What are the things that I need to consider? so far I can see na palaki ng palaki ang subdivision namin from Phase 1 to Phase 6 na ngayon, I have access to the list of all the household living inside the subdivision since I will be developing the payment system for the subdivisions water bills. I've also created a facebook page para sa homeowners which I think can also be used as channel for marketing. Monitoring planning to develop/setup a simple app which will allow me to monitor ung mga sales ko and to do follow ups kung mauubos na ang gas tank (proactive measure), willing to give freebies din say for every 3 consecutive refills you get something in return.
These are my ideas, if anyone can give me other considerations please do post it.. will really help a lot, especially dun sa mga may experience na.
TIA.
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February 17th, 2015 10:20 AM #27sir strikto ba yung subdivision nyo? some homeowners may complain about your LPG shop being a fire hazard, etc. etc. Me experience na dati kapatid ko diyan, kahit restaurant lang sa bungad ng subdivision e sinita pa rin ng homeowners association :confused:
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February 17th, 2015 11:28 AM #28
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February 17th, 2015 11:30 AM #29
Actually di naman strict I have a commercial space na plan ko i-utilize, then ang market ko ung mga adjacent subdivisions.
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Actually di naman strict I have a commercial space na plan ko i-utilize, then ang market ko ung mga adjacent subdivisions.
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February 17th, 2015 09:17 PM #30
hi, eto nagiisip parin kung ano gagawin business.
pero yun kamaganak ko na may lupa rin nakuha dun near sa lupa namin eh nag tayo na ng babuyan so as of now inoobserbahan ko kung kaya ba sa climate dun yun pagaalaga ng baboy issunod nila manukan... so incase wala naging problema saka ko iistart yun samin sa sarili naming lupa.
update ko kayo lahat guys maraming salamat po ulit, lagi kong tatandaan lahat ng habilin nyo po ^__^
God bless you all
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hi, eto nagiisip parin kung ano gagawin business.
pero yun kamaganak ko na may lupa rin nakuha dun near sa lupa namin eh nag tayo na ng babuyan so as of now inoobserbahan ko kung kaya ba sa climate dun yun pagaalaga ng baboy issunod nila manukan... so incase wala naging problema saka ko iistart yun samin sa sarili naming lupa.
update ko kayo lahat guys maraming salamat po ulit, lagi kong tatandaan lahat ng habilin nyo po ^__^
God bless you all
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