Do you want to be your own boss and manage your own time? If you do, then starting your own business is the way to achieve this. Now is the best time to seriously think of becoming an entrepreneur. With this, it is important to know the opportunities available in the market, the feasibility of your planned venture and your financial capability. You may think of something that really interests you or you may check the list below to give you an idea of ready solutions to your problem. To help you out, these business ideas will require a ceiling of P100,000.00 in capital.
Meat Retailing Business
Owning a meat shop that is strategically located in your community can give you a steady and profitable income. Meat is a staple food in every family and its demand is very stable regardless of the economic situation. Offering a variety of choices and a fairly reasonable price will surely guarantee an income and will give you a free hand on how you are going to market these meat products.
Mini Grocery/Convenience Store
A mini grocery is surely one business that will guarantee a fixed income along with a steady target market. As long as the location, products and services plus pricing is right, there will always be loyal customers. However, this business might be labor intensive as it will require inventory counts and a number of personnel might be needed, but at the end of the day if the store is on heavy foot traffic, the work pays off.
Water Refilling Station
If you want a start-up business but have little entrepreneurial experience, then the water refilling station is the business just for you. This is one simple business to set up and operate. It only requires a small space and can even be located within your home. The demand for clean and safe drinking water is a known fact and that every household needs one.
Bakeries can range from small artisan business that specialize in one or two products, to a large industrial bakery that supply food retailers with packaged baked goods. The bread industry is such a huge market that is constantly expanding and growing. There are a lot of opportunities in the bakery business. You can either start your own unique bakery concept or get a franchise. Franchising is also one option so you will have help with those who know the business very well. Creativity and innovation are also the needed skills for the bakery to thrive.
Rice is a staple food in the Philippines and planning to engage in a rice retailing business is always a profitable venture. The demand for rice is basically every day and literally by everyone. There is also a possibility of supplying to your nearby restaurants or a food establishment that may order in bulk. Please be reminded also to secure a license from the National Food Authority (NFA) and to acquire the necessary government registration and permits before putting up your rice retailing business. When business becomes really good, you can level up and become a rice dealer.