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The Millennial Minds|redefining millennials|a blog by BABRC 4-1D

5 Biz to Awaken Your Inner- Entrepreneur this 2017


The holiday season slowly goes off, so the question now may be is how to make it last longer or the more interesting question is, how to make the money the season left in your hands even more and last even longer? Well you have all the options under the sun, but a smart choice is to either put it in the banks, donate parts of it, build a trust fund or invest in something you love or in a business venture.


And worry less, the fact that you are considering this article means that there is an inner-entrepreneur inside you, all you have to do is move a little, shake shake and wake up that spirit in you. So we present you a list of the small business ideas that you can realize this 2017.


1. Sari-Sari Store Business

A place where almost everybody is passing by is a strategic location to put up a sari-sari store. A sari-sari store is the most typical business that Filipinos do. ''Sari-sari'' is a tagalog word which means different stuff. In this kind of business, variety of items including snacks is being sold to earn profit.

Although putting up a sari-sari store business is not a big wheel business, it is very effective in gaining profit from a small capital (probably from 5,000 to 10,000 pesos depending on the variety of items to sell)


2. Buy and Sell Business

Today, Buy and sell business can also be done while you are browsing the web. According to powerpinoys.com using Social media is the fastest and easiest way to sell products nowadays.

From the word itself - Buy and sell, this is a business where you will buy products and sell them at a fair price. The capital you need here depends on the products that you will include in the business. (5,000-10,000 pesos but this may go higher or lower depending on the orders that you will get)




3. Water refilling station or a Rice retailing business

Water stations can be very profitable. Imagine the cost of your capital VS the price when you sell it. Although you need quite big amount of capital to start especially for the equipment to be used, it is actually easy to get your investment back especially when you earn the trust of your regular customers.

According to rappler.com, an average Filipino family consumes 568kgs of rice per year. Since rice is our stable diet and necessity, a rice retailing business will not run out of customers because almost everyone in the Philippines eats rice.
The capital for this two business ideas may range from 10,000 and above depending on how big or small the rice retailing business it will be.


5. Event Organizer / Event Planning Service

Special occasions here in the Philippines happen almost every day. There will always be birthday parties, wedding ceremony, anniversary celebration and other occasions that will be needing event organizers and coordinators. The beginning of this year can be a great start to cover all the events that will occur through the whole year. All you need here is a small to average capital and a lot of communication and creative skills. If you want a real low cost business, this is perfect for you.


5. Blogging

81% of companies consider their blogs "useful," "important," or "critical". But most companies do not have content writers, so often they outsource the blogs and articles that they post. There is a huge market in blogging and online writing plus the capital is very natural - your writing skills.

This is just a shortlist of the business that you can start right over. Let’s welcome 2017 with a new year of business opportunities in the Philippines. Wake up that entrepreneur spirit in you. Move a little, Shake shake and Start a business.

Sources:

By: Shyro Ann Payumo



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