What is the Best Business to Start in the Philippines?

Being your own boss maybe one of the goals of many. Starting your own business is an exciting venture to tackle but before you step into the bandwagon, do you have any idea what business to start? My advice would be for you to check out our list and read on.

What is the best business to start in the Philippines? To be honest, anything can become the best business. It all depends on your target market and the performance outcome of your business. If you are still undecided on what specific business venture you would enter, feel free to see our top business ideas below.

Food Cart Business. The all-time favorite of aspiring entrepreneurs is the food cart business. This business venture sprung out from the restaurant sector which is obviously a cheaper version of it. It is showcasing one’s cooking prowess for a fraction of a cost. There are two approaches in the food cart industry. One is by selling the items on your food cart by yourself (or by hiring an employee) on a wheeled food cart so that you can transfer from one corner to the other, depending on the flow of people of course. And the other option is by leasing a space in the country with high traffic to attract more patrons. Malls are popular among the choices of leasing business space in the metro or even on the countryside. More foot traffic location would certainly require a higher rate so expect more rental fee too. Food carts have various concepts to choose from. You can also make your own food cart or if you have ran out of ideas, you can franchise an established merchandise and just mind about the location and so you can start earning soon. If you are interested in starting a food cart business, you can find an inexpensive way to start here.

Restaurant Business. We just love to eat! From finger food to fine dining, Filipinos have the passion to indulge our taste buds and there seem to be a charming gastronomical adventure ahead whenever we see various restaurants around. If you love to cook then this would be the great time to unravel your cooking prowess and let your customers taste your secret recipe. Your patrons would not only be Filipinos but also expatriates from different countries who might also be enticed by your delicacies. Restaurants can be tough, but you can jumpstart it by franchising.

Purified Drinking Water Supplier. Water is indeed essential especially if you are living in a tropical country like the Philippines. This business venture has taken its full throttle and this would usually be mentioned as one of the most sought after business venture in the country. The set-up is quite expensive and processing of the requirements is quite tedious but as the saying goes, no pain no gain right?

Laundry Shop. Busy schedule and traffic jams take its toll on anyone. Doing chores such as the laundry may seem to become a burden too. That’s why this business venture has started to mushroom and multiply easily. This option is ideal for aspiring entrepreneurs who are eyeing for a less stressful adventure. The start-up cost may be a bit pricey because of the equipment needed but for sure the fruits of its labor are sweet.

Flea Market. Filipinos love bargains and getting discounts that’s why mall sales are always look forwarded to and flea markets are raided every payday by eager consumers who are up to the big discounts at hand. If your capital is not enough to invest in a mall or a huge retail store then this business venture is the right option for you. Flea markets or tiangges are midget versions of a shop, usually a stall in a mall. The more eye catchy and the more variety of products you have in your flea market the more consumers you would attract.

Poultry Farming. If you are living in the province or suburbs and has the passion for poultry farming then this would be the perfect business for you. You can even start this business at your own back yard. You can market raw eggs to salted ones or even “balut”, the possibilities are endless.

Agriculture. Food is a necessity and just like in any other country, the demand for crops to animal products have been an all-time high. Our land has always been a great venue for planting fruits, vegetables or even raising animal livestock. Seizing this opportunity is a must and if you have the land to cultivate then you might as well grab this business venture.

Increasing one’s cash flow or buying more time for yourself by becoming your own boss are just few of the reasons why you would opt to start your own business. Whichever it may be, there’s only one goal in mind and that is to succeed.