rtw business plan sample philippines

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How to Make a Business Plan Like a Pro: Step-by-Step Guide and Samples

Venus Zoleta

Banks and government agencies that provide loans for businesses in the Philippines require prospective borrowers to submit documents proving their creditworthiness. Applying for a business loan ? A requirement you must pay attention to is the business plan .

Many aspiring Filipino entrepreneurs who don’t have time to make a business plan for a small business just wing it for the sake of fulfilling the loan requirements. Don’t make that mistake.

Writing this document does take time and effort; so does learning how to make a business plan. If you’re serious about improving your chance of getting approved for a loan for your small business, you have to make it as comprehensive and detailed as possible.

What is a Business Plan, and Why Should You Make One?

A business plan is a written document with a proposal covering all the nitty-gritty of starting a business in the Philippines. [1]  It’s solid proof of your business’ profit potential and your ability to pay off your loan.

A business plan will define your short-term and long-term business objectives and help you focus on specific steps to achieve these business objectives. Moreover, it will also help you come up with effective strategies for your business growth and attract potential partners or investors, just to name a few.

How to Make a Business Plan in the Philippines

It may be a daunting task, but here's how to write an effective business plan for SMEs.

Step 1: Define Your Business Concept

Every business starts with an idea, and yours has to be developed into a clear concept. Doing so will keep you on track while drafting the plan for your small business .

With that, a business concept should include these details:

• Mission and vision - Why you are putting up this business?
• Target market - Who will buy your products or services? What problems or pain points of your target customers do you want to address?
• Product - What will you offer as a solution to your target market’s problems?
• Value proposition - What are your unique selling points? Why should people buy from you instead of the competitor?
• Branding - What is the expertise or specialization of your business? How do you want to position it in your industry?
• What Small Business Ideas Can You Start in the Philippines?
• Profitable and In-Demand Home-Based Business Ideas in the Philippines
• Business Ideas with Under ₱50,000 Capital in the Philippines

Step 2: Research Your Market and Industry

Once you’ve finalized your business concept, you can start collecting data about your target market and the industry you’ll be in to find out if your idea is feasible. Never skip this step—you have to prove to the bank that everything in your business plan is based on facts.

Make sure your business plan research covers these areas:

• Market research through surveys, personal interviews, and focus group discussions that gather insights from target customers, suppliers, and industry experts
• Data about your competitors
• Industry trends and growth potential based on published studies and research

Analyze your compiled data and see if your business concept needs fine-tuning to make it more viable.

Step 3: Create Your Outline

Prepare an outline that will keep your business plan ideas organized. If you're looking for a sample business plan, a good template to use is the format developed by the Department of Trade and Industry (DTI). [2] It's a sample of a simple business plan outline with five sections:

• Executive Summary
• Marketing Plan
• Production Plan
• Organization and Management Plan
• Financial Plan

Step 4: Develop the Main Sections

Next, start working on the following different sections of your business plan:

📝 Executive Summary

Open your business plan with a brief overview of your business, its nature, and its competitive edge. Include your qualifications and competencies, as well as a short discussion of how the loan will help your business grow.

📝 Marketing Plan

Discuss your product or service offerings, market demographics, competitor analysis, and marketing strategies that you’ll use to achieve your sales targets. The loan provider needs to know how much you’ll need to market and distribute your products.

📝 Production Plan

Convince the financing institution that you have the operational capacity to meet your sales forecasts by explaining all aspects of your production process, including equipment, raw materials, labor, and overhead expenses.

📝 Organization and Management Plan

Loan providers in the Philippines need assurance that you can manage your business well. In this section, present details on how you’ll run the business and back it up with your and your team's relevant qualifications and experience.

If you need a sample management plan in a business plan, you may refer to some examples available online. [3]

📝 Financial Plan

Make your financial plan as comprehensive as possible, as this will show the potential financial strength of your business. The lender will closely scrutinize your financial strategies and projections to determine if you can repay the loan.

Include these key details to give a realistic view of how your small business will perform:

• Cash flow statement
• Break-even analysis
• Return on investment
• Sales and profits forecasts for the next three years
• Loan purpose (e.g., purchase of new assets and equipment, payment for operating expenses, working capital, etc.)
• Loan repayment time frame and your plan if you’re unable to pay off the loan
• Where to Get Capital for Business: 8 Funding Sources to Look Into
• Crowdfunding 101: What It is, Platforms in the Philippines, and More

Step 5: Add Supporting Information

Want to know how to make a business plan that will raise your chance of getting approved for a loan? Back up your business plan with as many supplementary documents as possible.

You can add an Appendix section with the following information:

• Documents that support your financial plan such as contracts, copies of leases, etc.
• Market research findings
• Bank statements
• Resumes of key employees

Step 6: Review and Proofread

Check your final draft thoroughly to ensure that all important details are included and the unnecessary ones are removed. Have a friend, a business partner, or a proofreader review your business plan to check for any incorrect data, unclear messaging, and typos.

You have just one shot at a loan for financing your small business—don’t ruin it with a proposal teeming with grammatical errors and misspellings. The person who will review your documents might be distracted by the errors rather than focus on your business plan’s merits and substance.

Sample Business Plan in the Philippines: 7 Good Examples for Filipino SMEs

Still not sure how to make a business plan? Need concrete ideas on how to develop the plan for your small business?

We've compiled some good proposal samples that can help you write your business plan like a pro. Check the links at the references below this article.

• Sample business plan for a small food business [4]
• Sample business plan for a mini fast food restaurant [5]
• Sample business plan for an online natural supplements store [6]
• Sample business plan for a consulting firm [7]
• Sample business plan for an event management business [8]
• Sample business plan for a clothing retail store [9]
• Sample business plan for a cafe [10]

Planning to open a restaurant soon? Here's a helpful sample business plan specifically for a restaurant business from the Young Entrepreneurs Forum:

Related reading:

• How to Start a Coffee Shop Business in the Philippines
• Diversifying Your Income? Here’s How to Start a Laundry Business
• How to Start a Dropshipping Business in the Philippines in 2023

Final Thoughts

Organizations that provide business funding in the Philippines require a well-written, concise, and complete business plan that covers all relevant information about your business.

Now that you know how to make a business plan, take the time and effort to convince the lender that you’re worthy of a business loan through your well-thought-out and flawlessly written proposal. Get started by checking a sample business plan for a small business provided above.

• [1] Start and Grow Your Business (DTI)
• [2] DTI Sample Business Plan Outline
• [3]  5 Examples of a Management Plan for a Business Plan (Simplicable, 2020)
• [4] A Sample Business Plan for Small Food Businesses (Oklahoma State University)
• [5] Business Plan: Mini Fast Food Restaurant (Delfinado, Academia.edu)
• [6] E-Commerce Retailer Business Plan Template  (BPlans.com)
• [7] Sample Business Plan - We Can Do It Consulting (U.S. Small Business Administration)
• [8] Business Plan on Event Management (Friends Event Management, Academia.edu)
• [9] Flourish Boutique Retail Business Plan (University of Tennessee, Knoxville)
• [10] Sample Business Plan: Moose Mountain Cafe (NHSBDC.org)

Venus has almost 20 years of combined experience in content marketing, SEO, corporate communications, and public relations. Most of her career was spent creating informative articles on personal finance and digital marketing. She also invests in stocks, mutual funds, VUL, and Pag-IBIG MP2. Venus graduated cum laude with a Journalism degree from the University of the Philippines Diliman. A hardcore Hallyu Tita , she loves bingeing Korean shows on Netflix while bonding with her cats. Follow Venus on LinkedIn.

Related articles

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What to Sell Online: 10 Most In-Demand Products in the Philippines

Financing a Business: 8 Funding Options to Look Into

Financial tip:, use a personal loan to consolidate your outstanding debt at a lower interest rate.

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How To Start a Business in the Philippines: The Complete 15-Step Guide

Here’s the cold harsh truth about employment:

It’s a rat race and even if you win it, you still end up a rat.

A rat with no control over his schedule, income, and projects to work on.

I’m not saying everyone should leave their jobs en masse. Some people consider their jobs as a vocation and can’t imagine doing anything else.

But for others who are yearning for more freedom and feel stuck at their current jobs, there’s a great alternative–entrepreneurship.

The best part is you don’t have to start big. Even with a small capital, you can open a business in the Philippines and make it profitable through smart planning. This article will teach you exactly how.

How To Start a Small Business in the Philippines With Small Capital: A Step-by-Step Guide

Great things start from small beginnings.

When they started their businesses around WWII, Max’s Restaurant and National Bookstore were deprived of advantages. But with sheer persistence and great strategies, they eventually became household names.

The same is true for almost all the famous brands we recognize today.

Therefore, whether you want to supplement your current income or become your own boss someday, the only way to go big is to start with a small business.

Small business or small-scale enterprise is one that hires few employees and has a relatively smaller asset size.

In order for a small business to qualify for government assistance and incentives, it should have capital assets amounting from Php 3 million to Php 15 million and with employees numbering from 10 to 99 workers 1 . Anything below these levels is classified as microenterprise while businesses that exceed them are known as medium- to large-scale enterprises.

However, the consensus today is that micro, small, and medium enterprises all fall under the general term “small business”.

By starting a small business in the Philippines, you as the owner will pretty much wear several hats–from marketing and finance to production and management.

Hence, it’s crucial to arm yourself with knowledge about all these fields especially at the beginning when you still don’t have the means to hire specialists.

This article will teach you how to start a business in the Philippines with a small capital, no business experience, and little or no college education.

Let’s get the ball rolling.

Step 1: Know your “Why.”

Holocaust survivor Victor Frankl wrote in his book that “those who have a ‘why’ to live can bear with almost any ‘how'” .

Starting a business may not be as tragic as a Holocaust but it is certainly not a walk in the park either.

On one side, owning a business gives you unlimited opportunities to earn money , be your own boss, explore your creativity, help others, and build a legacy.

But there’s another side to the entrepreneurial coin: the risk of failure.

In addition to that, starting a business in the Philippines where unpredictability abounds will push you to go beyond your comfort zone. Success won’t come easily. Long hours of work, missed family times, and sleepless nights will hound you especially during the early stages.

And did I mention you’ll be juggling a lot of hats so you’ll be responsible not just for the welfare of your family but also for the livelihood of your own employees?

So, before taking the plunge, test the water first.

If you only want extra income , don’t resign from your job and look for a part-time job instead. But if you want complete control of your destiny, then it’s time to plan your exit. It doesn’t matter if you take baby steps; what’s important is you carefully weigh the risks and rewards and then make a decision based on your own judgment.

If you get discouraged, look at yourself in the mirror and ask the big “Why?”

As long as you know your purpose for starting a business, you can weather any challenges that life may throw at you.

Step 2: Understand What It Takes To Succeed in Entrepreneurship

You don’t need an MBA to start a profitable business in the Philippines.

However, life-long learning is at the core of successful entrepreneurship. You learn best from your own failures and the mistakes of those who came before you.

Another way to hone your knowledge is to take free or paid training courses designed for beginners. For example, the Philippine Trade Training Center (PTTC) and the U.P. Institute for Small-Scale Industries offer “start your own business” programs that will teach you basic principles of running a business.

We also recommend the following training centers/courses:

• Businessmaker Academy (1503A West Tower, Philippine Stock Exchange Building, Exchange Road, Ortigas Center, Pasig City).
• TESDA Online Entrepreneurship Training Program .
• Ultima EntrePinoy Center for meat processing, baking, and other food business courses (Nutrition Foundation of the Philippines Building, 107 E. Rodriguez Sr. Ave., Quezon City).
• Department of Trade and Industry Negosyo Center – Seminars and Workshops .

Entrepreneurial success takes more than just technical knowledge. Your business can only grow to the extent that you do . Hence, it’s important to also invest in personal development if you want your small enterprise to prosper.

According to Management Systems International 2 , there are attributes common among successful entrepreneurs that led them to the success they have today. These characteristics can be grouped into three clusters–Achievement, Planning, and Power.

Achievement cluster

• Opportunity-seeking – the ability to see opportunities and seize them as they come. For example, when people from your hometown are craving for donuts and there’s no single donut store that has been put up yet, will you be quick to act on this opportunity? An opportunity-seeking business person certainly would.
• Persistence – a trait that will allow you to stick to your vision even in the face of criticisms and failures.
• Commitment to contract – which means getting the job done on time and honoring your promises without any excuses.
• Risk-taking – or more specifically, taking calculated risks to minimize potential losses. A good business person doesn’t just invest in any venture without carefully studying the market and identifying flaws in the business model.
• Demand for quality and efficiency – a characteristic of great entrepreneurs who uphold excellence in everything they do and don’t just settle in a “puwede na ‘yan” attitude.

Planning cluster

• Goal-setting – a skill that enables you to clearly define your goals and withstand the pressures and struggles of today in the name of achieving these goals.
• Information-seeking – a quality you need in order to come up with informed decisions and calculated risks. When the future of your business is at stake, you gather only the best information from all the best sources–suppliers, experts, competitors, banks, and even government agencies.
• Systematic planning and monitoring – while planning gives you the opportunity to choose the right supplies, manpower, and materials to achieve your goals, monitoring allows you to fine-tune your plan to bring you closer to achieving your goals.

Power cluster

• Persuasion and networking – if you know how to leverage the power of persuasion, you can literally make everything you want to go in your favor: from persuading the bank to give you a loan to convincing your buyers that your product is worth a try.
• Self-confidence – if you don’t believe in yourself and your ideas, then no one else will. You can’t succeed in any undertaking if you have a deflated ego. Believe in your dreams and everything else will follow.

Step 3: Come Up With a Business Idea

Every successful business starts with one idea.

The problem, however, is many people think that a million-peso idea only shows up in a select few; it’s either you have it or you don’t.

While it’s true that some successful entrepreneurs got their ideas by accident, they are exceptions rather than the rule. For most of us, a winning business idea won’t magically fall into our laps so we have to look for it ourselves.

To start generating a list of business ideas, ask yourself the following questions:

What are the things you’re interested in?

Running a business can be tedious in the long run so you might as well choose a business that is in line with your interests.

Don’t worry if the idea has already been taken. Your goal, after all, is not to be original but to explore an already existing idea you’re interested in, turn it on its head, and make it better than what’s already out there.

Instead of trying too hard to be original, find ways to dominate an already existing market by offering better, cheaper, or faster products or solutions.

Do you have pain points in your life or problems that bother you that you wish could be solved?

Famous entrepreneur and Internet personality Gary Vaynerchuk believes that the best way to find the next great business idea is to stop looking 3 .

Instead, go through the daily grind of life with an open mind so that you can zero in on things that bother you when you encounter them. Chances are, you’re not the only one experiencing the same problem so if you figure out how to fix it, then you have a potential business idea.

The key here is to always have a problem-first approach; after all, the world doesn’t need more products but more solutions to their everyday problems .

What are your core skills or the skills you’ve developed?

You’re more likely to succeed in a business if you have the experience, knowledge, and skills that it demands.

Look back at your employment history and note the skills you’ve developed over the years that you’re both naturally good at and you enjoy doing. These can provide clues on what kind of business to pursue.

And we’re not just talking about skills that you’ve developed in your previous jobs; those that you’ve learned outside work are equally important and perhaps more reliable in helping you figure out what business to try. Since you enjoy doing them without any incentive to motivate you, then you can potentially turn it into a business you’ll never get bored doing.

What businesses are currently booming/trending?

First of all, there’s a difference between a business fad and a business trend. Whereas a business fad enjoys initial hype but proves to be short-lived, a business trend lasts longer as the consumers don’t easily lose interest in the product/service.

Apparently, your focus should be on the trending businesses because more people doing it means the idea is very profitable. In the Philippines, trending business ideas fall in any of these three categories: Food, online, or service.

Food businesses either focus on food manufacturing (i.e., creating your own products from scratch like what Eng Bee Tin did and other big names with humble beginnings in their founders’ own kitchens) or food trading which involves selling ready-made or frozen products like siomai, shawarma, etc.

Online home-based businesses are mostly done by professionals who sell their services instead of tangible products. These include virtual assistants, freelance writers, social media managers, bloggers, bookkeepers, graphic artists, and many more.

Last on the list are businesses in the service industry that are now thriving as more and more people become busier. Some of the best examples are laundry businesses , transportation/delivery services, pet grooming businesses, photography businesses, and wedding and events coordination businesses, among others.

In addition to asking yourself the above questions, you can further increase the number of business ideas you generate by reading this article: 100+ Best Small Business Ideas in the Philippine with High Profit.

Step 4: Conduct Market Research

Starting a business without doing market research is akin to entering an unfamiliar territory without any map to guide you.

But what exactly can you achieve with market research? The answer is knowledge. A wealth of information and insights about who and where your customers and buyers are; when they’re most likely to buy or use your product/service; who your competitors are; and how big is the potential market demand for the product/service you’re currently developing.

In other words, everything that can help your business start off on the right foot.

This step has three components:

• Market segmentation;
• Market research;
• Competitor analysis.

To begin your research, you have to know first that your business doesn’t necessarily need to appeal to everyone . It’s easier to focus on one segment of the market first and then expand later on.

In order to find this target market, you need to divide the general market into smaller subgroups. Also known as market segmentation, this process involves grouping the market according to location, demographics, behavior, or other variables that make sense for your business.

Let’s say you’re planning to develop and sell a mobile phone. You can find your market either at shopping malls or online shopping sites where mobile phones are being sold.

Through market segmentation, you can divide this market into different groups according to their motivations in buying a mobile phone. There are the housewives who only need phones with the most basic features since they’re only using them to call their loved ones; the students who look for phones with cameras and other features that will help them with their studies; the yuppies who prefer phones with a flashy look and more features to meet their professional needs; and so on and so forth.

Another example would be a business that will manufacture its own soap. There’s a huge market for soap but what type of soap exactly?

With the use of market segmentation, you’ll be able to identify different segments of the market with varying demands for a specific type of soap. There are the buyers who want to achieve whiter skin; people with sensitive skin who want to get rid of their pimples; people who just want a skin-friendly moisturizing soap; those who want scented soaps; people who prefer herbal soaps; etc.

After segmenting the market, it will be easier for you to figure out which specific group or type of buyers will be the target of your marketing efforts.

Once you’ve identified your target market, it’s time to put it under the microscope and get to know your prospective customers a little bit better.

This is when the market research comes into the picture. You employ tools and techniques to reach out to your target market and discover what makes them tick.

And if the sound of “market research” intimidates you, don’t worry. Although big companies require an equally big budget to recruit a huge number of respondents for their market research, small entrepreneurs can also gain access to a wealth of valuable information about their target markets without breaking the bank.

The following are the most common techniques you can use to conduct low-cost market research:

1. Survey – is the old-school way of collecting data from a sample group that is assumed to be the representative of the whole. You can use this method to learn what people think about the products currently available in the market and how you can create a better one in terms of quality and price.

Just make sure the survey participants are neither your friends nor relatives because of the biased opinions they tend to provide.

The questions in the survey should explore the factors the respondents consider when buying; what they like or dislike about the current products in the market; the kind of improvements they would like to see; and the price of the product that is reasonable for them.

2. Observation – is probably the crudest form of market research but one that remains effective nonetheless.

It can be in the form of contextual observation where the entrepreneur pays close attention to a sample of the target market as they use or experience a certain product or service. Other entrepreneurs take matters into their own hands and do a mock journey where they put themselves in the consumers’ shoes by buying and using the product/service themselves.

3. Prototyping – known in layman’s terms as simply “taste test” or “sampling”, this method allows the entrepreneurs to put their minimum viable product (or the early version of their product, warts and all) out there and use the customers’ feedback to further improve the said product as they go along.

Market research is a critical part of your initial entrepreneurial journey as it will help you realize whether there’s a demand for your product or not and if there is, who is most likely to buy it, how many they are, where they’re located, and how you can promote your business to them.

It will also identify both your direct (i.e., businesses selling the same product/service) and indirect competitors (i.e., businesses selling different products/services but are in the same category as you).

Speaking of competitors, the competitor analysis is just as, if not more, important than the market research itself.

Not finding time to learn more about your competitors, what they offer, and how much they cost will put your business on the losing end. This is because competitive analysis helps you discover ways to give your business a competitive advantage which will effectively prevent your target market from choosing others over yours.

Aside from collecting and analyzing available data about your competition, you can also go the extra mile and buy your competitor’s products to test them yourself. This way, you can once again put yourself in the customer’s shoes and gain ideas on how you can improve their experience through a product that only your business can provide.

Step 5: Decide Who Will Run the Business

Most starting entrepreneurs build their businesses on their own as a single proprietorship. However, entrepreneurship can be a lonely endeavor so there’s nothing wrong with starting a business with a partner or a group of people.

The following are the different types of business according to ownership and the pros and cons of each to help you decide which path to take:

• Single proprietorship – is the most basic type of business wherein you basically run the whole show. While it’s easier to set up and you’re free from outside interference, this type of business is also the most demanding and puts you at high risk for burnout. The growth of your company is also limited by your financial means.
• Partnership – a business owned by at least two parties, this is also relatively easier to set up than a corporation and has the advantage of having the check and balance maintained by the co-owners. Businesses under a partnership tend to grow faster than sole proprietorship since there is more than one investor. However, more owners mean more chances of having a conflict.
• Corporation – is a business run by at least five people. Like a partnership, a corporation can also grow faster because of the number of shareholders and is also highly flexible because all the owners can share the responsibilities. The downside is corporations are taxed more than sole proprietors, more difficult to set up, and have a tendency to institutionalize a bureaucracy.

To help you further in deciding which type of business structure to pursue, I recommend reading this section in our business registration guide . It contains crucial information on how to choose the right business structure based on your intention, risk appetite, capacity to raise capital, and other factors.

Step 6: Write a Business Plan

Ever heard of the saying “if you’re failing to plan, you’re planning to fail?” Nothing can prove this better than starting a business where your own (or your investors’) hard-earned money is on the line.

This is why writing a business plan is crucial regardless of the size of the business you’re planning to start.

A business plan is a document that will show how your business will evolve from start to finish . It offers a closer look into your business model and helps identify any loopholes in its profitability, thereby giving you a clearer picture of whether the business is worth pursuing or not.

Specifically, a business plan will help you accomplish the following:

• Prevent or eliminate the risk of losing money invested in businesses that are proven to be lacking in demand.
• Reduce total expenses that would not have been possible without a business plan to help you examine details that are easily overlooked. Remember, every peso counts when you’re starting a business in the Philippines so you don’t want it to be wasted on something not essential.
• Establish a healthy cash flow for your business especially during the lean and peak months. Cash is king when it comes to running a business for without it you’ll always be on the verge of bankruptcy . Through a business plan, you can create a contingency plan to make sure your business will stay afloat when the demand slows down and will be prepared enough to handle increased demands during peak seasons.
• Set goals in terms of the total number of sales, revenues, or expenses and measure the actual performance of your business against these set goals.
• Convince investors or lending institutions to lend you money to start your business. No sane person will easily hand you the capital for your business unless you can provide a well-thought-out business plan containing details on how the business will work and earn back the initial investment.

If you truly know your business inside out, it’s not that hard to write your own business plan. The more complicated and larger the business, the more pages the business plan would require.

Should you need assistance in writing a business plan, you may approach the following people/institutions:

• SME Counselors from the Department of Trade and Industry (DTI);
• Freelance consultants who charge lower fees than consulting firms because they don’t deal with big overhead expenses;
• Accountants/bookkeepers;
• Business professors;
• Extension offices of business schools like Baguio’s St. Louis University Extension Institute for Small-Scale Industries.

As for the content of the business plan, it must depend on what kind of enterprise you’re planning to start. No two businesses are alike so the business plan should be written according to the uniqueness and conditions of your business.

In general, however, the following sections are considered basic components of a good business plan:

• Title page – contains the name of your business and other basic details of your enterprise.
• Executive Summary – provides an overview of what the company or business idea is all about, the problem the business is going to solve, the solution your business will provide, and how it will fit into the marketplace. This section will give investors an idea of whether to invest or not so make sure to leave a great first impression.
• Business description – explains the type of business you’re planning to start, the industry it belongs to, and what it will look like in the future.
• Market strategies – describe how big the market you’re trying to penetrate, who your target market is, and how you plan to sell to this market.
• Competitive analysis – explores who your competitors are, their strengths and weaknesses, and how your business stack up against them. Essentially, this section shows what makes your business different from everybody and how you’re going to use this to beat your competitors.
• Design and development plan – determines what exactly is your product or service and how you will develop it over the short term, medium-term, and long term.
• Operations and management plan – describes how a day in your business will look like.
• Financial plan – discusses in detail where the money to fund your business will come from and whether it will be self-funded or financed by outside investors. It also covers the projections you should create and what factors you should take into consideration; how much financing you need to start the business; how long it will take to pay back the investments (ROI); how will the ownership be divided, if applicable; and your backup plans in case profits or the demand for your business dries up.

When writing your business plan, keep in mind that nothing is final. It’s a living, breathing document that you can update every now and then as your business evolves.

Step 7: Build Your Product/Service

Now that you have a business plan, you can start developing your minimum viable product. This is the earliest version of your product that you’ll introduce to your target buyers. You’ll then use their feedback in order to improve the product prior to mass production.

Even if you’re a perfectionist, it’s virtually impossible to create the perfect product or service right off the bat. So instead of succumbing to analysis paralysis, just release the first batch of your product into the wild and let the feedback dictate what changes you need to make.

Whether you’re planning to sell handicrafts, homemade cakes, or something more complicated, there are important aspects of product development you just can’t afford to take for granted. These are the following:

1. Process . Review the different steps that it will take to create your product. Are all of these steps necessary or can you remove some of them to save on costs without sacrificing product quality? What are tools and equipment will you need and how many skilled workers are needed to operate them?

2. Machines and equipment . Determine the things you’ll need to create your product, how much they are, and where are the best places that offer quality products at a minimal cost.

There are also some considerations to make depending on what type of business you’re going to start. Whereas a simple crafts business may only require hand tools and inexpensive machines, an Internet café will require specific computers with features that are completely different from those intended for personal use.

3. Materials . Know where and how you’ll get the materials you need as they will determine the pricing and eventually the profitability of the finished product.

For example, if your supplier is far from your business plant or location, and the transport facilities in the said place are limited, it will not only result in production delays but also additional manufacturing costs that will then jack up the price of the product.

However, it doesn’t mean you should just settle for the cheapest materials. Remember, don’t make a final decision based on price alone 4 as the reputation of your business is on the line.

To find the best deal, you can search online, get industry recommendations, or attend trade shows, among others.

4. Design . The product and the packaging must be able to get someone’s attention within the first few seconds of him/her glancing at them. The packaging should have a clean design, legible text, and clear branding that people recognize even from several feet away.

5. Pricing . Determine a reasonable price for your product/service by factoring in all the overhead costs. Make sure you have a good profit margin otherwise you may need to reduce the manufacturing costs (instead of increasing the product’s price) in order come up with a price that doesn’t turn off buyers.

The price of the product is also determined by the marketplace; if similar products are within a certain price range, then your product’s price should not veer off too much away from it if you want to capture the same market.

6. Trademark filing . Protect your business from copycats through trademark registration. You can either do it by yourself via the Intellectual Property Office of the Philippines (IPOPHL) website or hire a trademark lawyer to handle all the paperwork on your behalf.

Step 8: Get Feedback for Your Product

In the process of developing our product, we tend to be blinded by our own awesomeness that we forget what actually matters to those who will buy it. This is when feedback becomes very valuable.

Even if you’re only selling a humble kakanin , customer feedback will spell the difference between a profitable business and one that won’t earn repeat buyers.

Your aim is to get honest feedback from actual buyers (a.k.a strangers and not your close friends/relatives) so it won’t hurt if you offer free or discounted products in the beginning.

If you’re selling clothing items, on the other hand, you can sell beta versions of your products in small batches at first and let the customers order through your social media or website. These first few buyers can get your products at a discounted price in exchange for their feedback on the fabric, color, fit, comfort, and other areas of improvement of your product. Done right, these early adopters may turn out to be your first few brand advocates later on.

Through the strategy discussed above, you can get the product to your prospective customers’ hands faster instead of aiming for perfection that can never be attained, especially sans buyer feedback.

This principle, also known as Lean Startup 5 , can be applied to most businesses but most especially to startups that can’t afford to have a long incubation period for their products. Instead of being held back by perfectionism, they push out the early version of their products to the market in order to get that coveted feedback that will then propel those products into a series of improvements.

When collecting feedback from your prospective customers/buyers, remember these tips:

• Be thankful for the feedback regardless is it’s a positive or a negative one. This gesture will not only earn you their respect but also encourage them to continue providing honest opinions which you need the most.
• Dig a little bit deeper to learn what the negative feedback is all about. If someone doesn’t like your product, he or she is most likely referring to one aspect of the product and not its entirety. Ask questions to figure out whether to improve a specific flaw or just scrap the whole idea altogether.
• Look for patterns or the same comments given over and over again. Your customers know what’s best for them so if they’re specifically pointing out the same complaints, then address them as soon as you can before mass-producing your products.

Step 9: Look for Funding

Regardless of the size of your enterprise, you need money to get it started.

If you’re only selling home-cooked meals or desserts, you probably don’t need as much capital and you can start with whatever money is left in your savings account. No need to borrow money since you can get all or a portion of your profit and then reinvest it into your fledgling home-based business.

The same can’t be said for startups or huge businesses like restaurants that require large upfront capital. Aside from your personal savings, you may also need to go through several rounds of investing in order to get the business off the ground.

Here’s a list of different financing options in the Philippines you may consider to raise funds for your budding business:

1. Your own money. Using your life savings or proceeds from the sale of your personal assets is the safest way to finance your business. Since the money will come out of your pocket, you’ll be more in control of your destiny and retain 100% of your equity.

2. Friends and family. If your own money isn’t enough to raise the needed capital, you may also turn to your well-off friends and relatives with enough cash reserves. The advantage of borrowing from them is you’ll get relatively lower interest rates and more flexible payment terms compared to bank loans.

However, if you still fail to raise the needed funds after exhausting your own savings and borrowing money from friends and/or relatives, then it’s time to consider outside sources.

3. Government financing programs . The Philippine government is aware that small businesses are the backbone of the economy so they have established loan/credit programs to support our entrepreneurs.

Financial assistance is offered by different government agencies which include, but are not limited to, the following:

• Department of Science and Technology (DOST) and the Technology Resource Center which offer financing program for small businesses that are technology-related;
• Department of Agriculture ‘s Agri-Microfinance Program or AMP which is designed to provide financial relief to farmers and fishermen (and their families) in drought- or calamity-stricken areas;
• Department of Social Welfare and Development ‘s Sustainable Livelihood Program or SLP which seeks to improve the welfare and development of marginalized families through livelihood strategies.

For a comprehensive list of banks and government offices that offer financing programs for micro, small, and medium enterprises, you can check out the free ebook 6 published by the Bureau of Micro, Small, and Medium Enterprise Development (BMSMED) in collaboration with DTI.

The Philippine government-owned LandBank of the Philippines also offers lending programs 7 for those who are involved in the agricultural industry. These are the following:

• Cacao 100 (Credit Assistance for Cacao Agri-Business and other Organizations) – offers loan assistance to farmers and entrepreneurs with the main goal of catalyzing the growth of cacao output in the Philippines. This is a good choice if you’re looking to fund your cacao nursery, cacao plantation, and all the processes involved in cacao beans processing.
• Agricultural Credit Support Project (ACSP) – suitable for agri-businesses needing additional funding to support increased production or business expansion. This is ideal for entrepreneurs who are seeking financing for their fisheries, farm equipment, agriculture-related services, and agricultural product distribution.
• KAWAYAN ( Kalikasang Kabuhayan para sa Wastong Pamayanan ) – this program provides financial assistance for farmers, LGUs, and entrepreneurs who have businesses involving bamboo nursery, bamboo plantation, trading, and eco-tourism.
• ISDA (Integrated Support for the Development of Aquaculture) – is a program established to help small fishers as well as small and medium enterprises.

For more information about LandBank’s lending programs, you may contact their customer care center at (02) 405-7000, visit the nearest LandBank Lending Center, or send an email to [email protected]

4. Angel investors or Venture Capital investors . Another alternative source of funding is individuals or groups of individuals who already have the intent to invest.

Angel investors are established and wealthy individuals who use their personal money to invest in their chosen startups. The Angel Investment Network is a great online platform that enables you to find individual investors in the Philippines who can relate to the vision of your company.

Venture capital firms like Kickstart Ventures , on the other hand, is composed of a group of professional investors that pool together all the money coming from individuals, corporations, foundations, and pension funds and then invest them to startups of their choice, the majority of which are businesses dealing with technology and science.

5. Startup incubator or accelerator . The thriving local ecosystem has prompted the launch of several startup incubators and accelerators, most notable of which are the IdeaSpace Foundation, Launchgarage Inc., and QBO Innovation Hub, among others 8 .

The goal of these companies is to provide support to startups (mostly technology or fintech companies) in the form of office facilities, consulting, pitch events and equity-free seed funding that will help get their enterprises off the ground.

6. Banks . There are SME-friendly banks that lend money to entrepreneurs despite the risks associated with small businesses. Just make sure you comply with their requirements and show enough proof (including a business plan) that you have a clear vision for the business you’re going to start.

Examples of local banks known for supporting small businesses include the government-owned LandBank of the Philippines, the Development Bank of the Philippines, Metropolitan Bank and Trust Company, and the Planters Development Bank.

Related: Best Banks in the Philippines

7. Pitching competitions . Early-stage businesses can also get funding by joining televised pitching competitions like The Final Pitch and the upcoming reality show “Project GO” 9 sponsored by GoDaddy Inc. and to be aired on AXN.

These reality shows will require qualified contestants to pitch their business ideas in front of a panel of esteemed Filipino business experts and investors (think Shark Tank ). Since they’re joining a reality show, investment decisions will not be made unless the entrepreneurs go through a series of entertaining challenges first.

Prizes for winning contestants may be in the form of funding in exchange for partial ownership of their businesses or equity-free funding to help jump-start their ventures.

8. Other sources of financing . Small business owners can also consider the following when seeking credit assistance:

• Pawnshops – the ideal choice if you’re only looking for quick cash. You can get the money you need by pawing your jewelry, gadget, or other valuables and then pay back the amount along with incurred interest.
• Credit cooperatives – popular especially in rural areas, the credit coop can lend you an amount up to five times bigger than what you initially deposited when you joined. Unlike banks, credit coops charge a significantly lower interest rate for your loan.
• Lending investors – a cross between banks and money lenders, these companies offer short-term loans to small enterprises with interest rates of usually 3% to 5% a month–higher than those offered by banks but lower than those charged by money lenders.

Step 10: Formulate Marketing Strategies

In a nutshell, marketing strategies refer to how you’re going to convince or influence your target market to buy your product or services.

Your marketing strategies can be summarized into four key components. Let’s go over them one by one.

1. Product strategies – revolve around the product itself and how it will be perceived by your target market. It starts with good branding which is the design, reputation, name, logo, or a combination of these that make your product or service different from other similar products/services in the market. Consistent branding must also be present in the product’s packaging and labeling.

However, an excellent product can only go so far; you also need to invest in product support which is a catch-all term for all warranty, delivery, installation, and other services that come with the purchase of the product.

2. Place strategies – focus on how you want to bring your product or services to your target market. Depending on your business, you can use traditional or modern distribution channels (or even both).

Traditional distribution channels exist in the form of kiosks and brick-and-mortar stores where face-to-face interaction between the buyer and seller can cultivate a long-term buying relationship. New distribution channels, meanwhile, are those that don’t necessarily require an in-person interaction since the transaction can easily be completed via phone or the Internet.

Your choice of distribution channels depends on your target market’s preference and behavior, competition, as well as the current state of the market (think the 2020 pandemic that has forced restaurants and a lot of businesses to shift to e-commerce).

3. Price strategies – cover everything that concerns the price tag for your product.

How you price your product can make or break your business. Therefore, ensure you price your product or service in a way that will keep your business profitable while meeting the needs of the target market.

To come up with a price, there are three factors you have to consider. First is the cost of making the product or service you’re selling. You can add the total cost you incurred in producing your product and then divide it by the total number of the products to determine the unit cost.

For example, if you spent Php 1,500 to bake 100 chocolate cookies, the unit cost would be Php 15 (1,500/100). As for the selling price, you need to add a markup which is a percentage of the unit cost that you think when added will sufficiently cover the direct (i.e., materials, labor, etc.) and overhead costs. Say the markup is 20%, and 20% of Php 15 is 3, then the selling price is Php 18 (15 + 3).

The second factor you have to consider is the competition. You will use the price they have set for a similar product/service as a benchmark when determining the price of your own. You may either go higher to make the target market perceive what you’re offering as higher in quality or lower to make an introductory offer and in so doing gain your first few fans.

Lastly, the current demand for the product/service you’re selling can also determine the selling price. Simply put, the higher the demand for the product that only a few businesses are offering, the higher the selling price becomes. Conversely, the lower the demand for a product with plenty of supply, the lower the price will be.

4. Promotion strategies – make up the core of your marketing strategies since these cover all the tools and channels you’ll use to reach out to your target market.

Remember that whether you’re using Internet ads or television commercials to promote your business, it’s important to convey your message in a way that resonates with your prospective buyers.

To do this, you must focus on highlighting the benefits and not the features of the products. People won’t care how many advanced technologies you’ve used to produce your product unless it offers solutions to their problems. If you’ve studied your market well, then you should know by now what keeps these people awake at night and how your product can address this.

Step 11: Register Your Business

Now that you’re a few steps away from launching your own business, it’s time to legitimize it by securing all the required permits and registration documents.

Whether your business is a sole proprietorship, partnership, or corporation, you’re required by the government to register it. Doing so will allow your business to be legal in the eyes of the law, file tax returns, apply for government loans, and avoid incurring penalties.

The process of business registration in the Philippines can be long and frustrating. Fortunately, we’ve covered all the basics and condensed them into one easy-to-follow business registration guide in the Philippines .

Step 12: Find a Strategic Location

Choose the right location for your retail business and you already have the battle half-won. But how do you pick a great location? Here are some guidelines you need to follow:

• It should be near the source of raw materials. The main reason why some products are priced ridiculously high is that it costs a lot for the raw materials to be delivered to the business location. Therefore, putting up a business near the source of the raw materials (e.g., sugar millers near sugarcane plantation, food processors near fruit/vegetable farm) will bring the transport cost down and in so doing make the product price more affordable for the consumers.
• It should be where the market is. In the same way that you save on transport costs by placing your business near the source of your raw materials, you should also make sure that the business is near and accessible for people you intend to serve. If the target market exists within the vicinity of your own home, much better since you can start a home-based business and save on rental fees.
• It should be accessible to your employees and customers. Foot traffic is the lifeblood of brick-and-mortar businesses so make sure the place where you’ll establish your store is easy to find, has plenty of public transport, and has available parking spaces for everyone. This strategic location will benefit not just your customers but also your current and future employees. A business near a good source of skilled labor won’t have a hard time finding new employees should the need arises and will also save on accommodation costs since they’re within the commuting distance of the business.
• It must be in a place with a reliable and adequate supply of power, water, and Internet services . Even the slightest disruption in any of the aforementioned utilities can drastically affect your daily business operations so make sure you choose a location with an established infrastructure. If you’ll be renting a place, verify beforehand if the utilities are included in the lease so you won’t be caught off guard by any hidden charges.
• It should be in a safe and peaceful environment. Building a business in a neighborhood notorious for looting and other forms of violence is a huge risk you can’t afford to take especially if you’re a first-time entrepreneur. Pick a place where established businesses have been thriving for decades and whose residents have high purchasing power. You also need to ensure that your business will comply with existing ordinances and zoning restrictions in your chosen community.
• It must be in a decent and pleasant place. You don’t want to start a business in an environment that will drive prospective customers away so make sure to check the place for the presence of disagreeable things like smoke, noise, foul odors, dust, as well as proximity to places like bars and pub houses (unless your businesses are bars and pub houses).
• It should be where a moderate number of your competitors are operating . The presence of competition can either be a good thing or not. If the place is full of competing stores placed one after another, it may be more difficult to stand out and penetrate the market. On the contrary, the absence of any competitor may be a telltale sign that the place is bad for business, especially if it has a history of similar businesses closing down or going bankrupt. In most cases, however, establishing your business beside one or two competitors can actually be a good thing since the presence of similar businesses in one place will attract more foot traffic.

Step 13: Form Your Dream Team

A business won’t run by itself. It needs people to complete its daily operations.

As a business owner, it’s your responsibility to find and choose the right employees to join your dream team. If you own a retail business, the rule of thumb is to hire people who are highly approachable and have a positive attitude. A grumpy Debbi Downer is a liability that will cost you a lot of loyal customers.

Once you’ve found the right people, it’s time to train them well and incentivize them to do their best work consistently. In order to keep your employees motivated and committed to their jobs, not only should you pay them right but also treat them with the same respect and kindness you’d want to receive if you’re the employee.

Should you need assistance in providing technical training for your staff, the government can help you through various programs offered by the Technical Education Development Authority (TESDA), the Technology Resource Center (TRC), and the Department of Science and Technology (DOST).

When it comes to employees’ rights, there are a few important things you have to keep in mind to ensure you’ll be in good terms with your employees:

• All employees, male or female, are entitled to equal compensation and work opportunities. Discrimination is not allowed in any way or form so you should not do unacceptable things like not hiring a woman just because she’s married or firing an employee just because she got pregnant.
• Every employee should be assured security of tenure. You can’t dismiss an employee unless it’s due to a just or authorized cause. Termination can only be done after observing due process.
• Employees are normally required to work for 8 hours a day . This 8-hour period already includes rest periods of less than an hour but excludes meal periods of at least one hour.
• Employees are entitled to get a rest day after not more than 6 consecutive workdays. They can also file different types of leaves to take a break from work. These include the five-day Service Incentive Leave (SIL) with pay which can be availed by the employee after a year of service in the company; Maternity Leave which is granted to qualified female SSS members in anticipation of childbirth or due to abortion or miscarriage; and the seven-day Paternity Leave with pay for the male spouse of a woman who is about to give birth or has suffered from a miscarriage.
• Employees must be paid the right wage commensurate to the amount of work rendered as well as wage-related benefits like accommodation, overtime, rest day, night differential, 13th-month pay , and holiday.
• Employees deserve to be protected from any injury, sickness, or death through a safe working environment .
• All employees have a right to join or form a legitimate worker’s organization or labor union without the employer’s interference. These groups are established for the purpose of upholding their rights as workers and doing collective bargaining. For instance, workers can be represented by these organizations in tripartite decision-making involving them, the government, and the employers’ organizations. This way, they can have their voices heard in matters concerning workers’ wages and labor disputes.

Step 14: Purchase All the Needed Equipment and Supplies

Some businesses can get by with just manual labor. However, for those that invest in machines and equipment, the increase in business productivity and profitability can be phenomenal if done right.

Therefore, you have to apply the same meticulousness in selecting the supplies, machines, and equipment needed to produce your product. Follow these proven tips before making a purchasing decision:

• Have a clear idea of what you want to buy before heading to the store/supplier. Know the specific needs of your business, the kind of machine/equipment that can meet these needs, and all the engineering features and operating characteristics you’re looking for. This way, you can cut down on shopping time and simply go straight to comparing only the products that meet all your criteria.
• Shop around and don’t settle with the first supplier that you come across no matter how great it is. Instead, get information on each supplier that sells the machine/equipment you’re looking for and judge them one by one in terms of reliability, price, warranty, payment terms, delivery, installation service, maintenance, etc. Just because the product is the cheapest doesn’t mean it’s also the best; multiple factors will determine which one suits your business best.
• Choose excellent machine/equipment that is within your price range . Remember, it’s an expensive investment so make sure you have done your assignment of comparing the cost of each machine/equipment that you’ve shortlisted based on their fuel efficiency, capacity, and other technical matters. Alternatively, you can lease or buy a second-hand machine/equipment so you won’t have to spend more money on a new one.

Step 15: Launch Your Business

And there you have it: You are now ready to start your own business. Although this article has only covered the basic details of jumping into entrepreneurship, it should be enough to get you started.

Remember, it’s not unusual for first-time entrepreneurs to make mistakes in their first ventures but the lessons from these mistakes are what will propel you forward as you learn more about your business.

Entrepreneurship is not just about earning big bucks. It’s also about generating job opportunities that will help a lot of families. As an entrepreneur, you’ll be serving not just yourself but also the community around you.

Regardless of the outcome, consider this journey as a launching pad to greater things. And if there’s one thing that owning a business can teach you, it’s the truth that learning doesn’t stop.

So keep learning and have faith both in God and in yourself. Who knows? Your greatest breakthrough may be just around the corner.

• Bureau of Small and Medium Enterprise Development (BSMED). (2015).  Your Guide to Starting a Small Enterprise  [Ebook]. Retrieved from https://www.dti.gov.ph/resources/e-library/business/starting-a-business/guide-in-starting-a-business-enterprise/
• Bureau of Small and Medium Enterprise Development (BSMED). (2015).  Do You Want to Go Into Business?  [Ebook]. Retrieved from https://www.dti.gov.ph/resources/e-library/business/starting-a-business/guide-in-starting-a-business-enterprise/
• Entrepreneur.com. (2017).  Need a Business Idea? The Best Way to Find One Is to Stop Looking.  [Video]. Retrieved from https://www.entrepreneur.com/video/295451
• Goodman, M. (2015). The 7 Steps of Effective Product Development. Retrieved 10 August 2020, from https://www.entrepreneur.com/article/244616
• The Lean Startup Methodology. Retrieved 12 August 2020, from http://theleanstartup.com/principles
• Bureau of Micro, Small and Medium Enterprise Development (BMSMED). (2012).  Financing Programs for Micro, Small, and Medium Enterprises (MSMEs)  [Ebook].
• Summit Publishing Co. Inc. (2015).  52 Inspiring Success Stories: Breakthrough Ideas for the Aspiring Entrepreneur  (pp. 7-9). Mandaluyong City.
• Noda, T. (2018). 10 Notable Incubators and Accelerators In The Philippines. Retrieved 14 August 2020, from https://fintechnews.sg/22610/fintechphilippines/incubators-accelerators-in-the-philippines/
• GoDaddy, AXN launch reality show to jumpstart ventures of Filipino entrepreneurs. (2020). Retrieved 14 August 2020, from https://mb.com.ph/2020/08/12/godaddy-axn-launch-reality-show-to-jumpstart-ventures-of-filipino-entrepreneurs/

Written by Luisito Batongbakal Jr.

in Business and Finance , Juander How

Last Updated March 31, 2022 07:11 PM

Luisito Batongbakal Jr.

Luisito E. Batongbakal Jr. is the founder, editor, and chief content strategist of FilipiKnow, a leading online portal for free educational, Filipino-centric content. His curiosity and passion for learning have helped millions of Filipinos around the world get access to free insightful and practical information at the touch of their fingertips. With him at the helm, FilipiKnow has won numerous awards including the Top 10 Emerging Influential Blogs 2013, the 2015 Globe Tatt Awards, and the 2015 Philippine Bloggys Awards.

Browse all articles written by Luisito Batongbakal Jr.

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How to Write a Business Plan [Complete Guide]

Last Updated on – Aug 8, 2023 @ 3:22 pm

Preparing to write your business plan? You’re already one step ahead of other entrepreneurs who don’t see its value.

A well-thought-out and well-written plan for starting and running your business helps you focus on what you need to do to make your business idea work. It can also boost your chance of getting investments and loans to finance your business .

Did you know that half of small businesses fail in their first four years? Planning is such a crucial step to reducing the risks of managing an enterprise. Turn your business idea from something abstract and uncertain into a successful venture. It starts with drafting a good business plan.

Here’s your definitive guide to writing a business plan that speaks for itself.

What is a Business Plan?

A business plan is a written document that details what a business is, what direction it will take, and how you’ll get it there.

Practically speaking, the business plan evaluates your business’ viability. As the Department of Trade and Industry (DTI) puts it , the document allows entrepreneurs to find out whether or not their business idea will bring in more money than how much it costs to start and run it.

More than just a document, the business plan helps business owners to figure out the key aspects of an enterprise, including the following:

• Business goals and strategies to meet them
• Competitive edge and how to leverage it
• Potential problems and how to solve them
• Funding required to start the business
• Equipment, facilities, and manpower needed for operations

Who Needs a Business Plan and What Is It Used For?

Every aspiring entrepreneur who will spend a great amount of money, time, and energy to earn a profit needs a business plan.

Business planning is a crucial part of starting an entrepreneurial journey, no matter how small or big a business is. Never skip this step—as they say, failing to plan is planning to fail.

Here are some examples of business types that benefit much from business planning:

Founders of startup businesses seek funds to begin their new venture. Business plans help them persuade investors and lenders to provide the funding they need.

For startups, a business plan explains the nature of the new venture, how it will achieve its goals, and why the founders are the best people to lead the company. The startup business plan should also specify the capital needed to jumpstart the new business.

Related: Fast-Growing Startups in the Philippines

Existing Businesses

Not only do startups gain advantage from a business plan—existing enterprises need it, too.

But business plans for growing businesses serve a different purpose. Usually, a business plan helps a middle-stage business raise funds for additional facilities, equipment, manpower, and others needed for expansion. This document also defines strategies for growth and allocates resources based on strategic priorities.

Growing businesses also use business plans to communicate their vision to various stakeholders such as customers, business partners, potential investors and lenders, employees, and suppliers.

For such needs, a business plan for existing businesses lays out the goals, strategies, metrics to evaluate success, responsibilities, and resource allocation.

Social Enterprises

Social enterprises may not be as profit-driven as other business types, but that doesn’t mean they need business planning any less.

A social enterprise needs to prepare a business plan to achieve its social objectives and keep empowering the communities it’s supporting. This document is what government agencies and donor agencies require and evaluate when approving grants for funding a social project .

A social enterprise business plan determines the social issue that a business idea will solve, its beneficiaries, products or services, target market, and sales projections, among many others.

Non-Profit Organizations/NGOs

Like social enterprises, non-governmental organizations (NGOs) can also use business plans to source funds for their campaigns and projects.

A nonprofit business plan discusses the problems an NGO is trying to solve through a certain project, as well as how it will do that and how much resources are needed.

It also helps the organization and its board members to prepare for risks by making projections on how likely the activities will push through and how the current sources of funds will continue to yield a certain level of revenue. Most importantly, the business plan defines the Plan B if the original plan ends up failing.

Business Plan Format and Its Components

How does a business plan exactly look like? There’s no recommended universal format for business plans. Ideally, yours is customized according to the nature of your business and what you’re going to use the plan for.

However, all business plans have sections in common. Here’s a quick walkthrough of the six components that make up a business plan.

1. Executive Summary

Like an abstract of a college thesis or a foreword of a book, the executive summary is meant to provide a brief overview of the document. It presents the highlights of a business plan in a page or two.

The executive summary the first thing that readers see, so keep it short yet engaging and compelling enough to make them want to view more details in your plan.

2. Company Profile

The company profile is your chance to introduce yourself and your business to people outside your company. It’s also called the company summary, company information, business description, and business profile.

This section quickly answers the five Ws and one H of your business: who, what, when, where, why, and how.

Think of it as your business calling card. Being the shortest section of the business plan, the company profile provides a quick overview of the business—who the owner and founder is, management team, business goals, business address, product or service, and what makes it unique.

3. Operations Plan

The operations plan explains how you’ll run your business, focusing on the different aspects of manufacturing your product. This section includes the following information, among many others:

• Type of business (sole proprietorship, partnership, corporation , or non-profit)
• How the product is made or the service completed
• Necessary materials, equipment, and facilities to manufacture the product or complete the service
• Any subcontractors needed
• Quality control system

4. Organizational Plan

Your people should play a major role in your business plan, just as how they’re important to your business success . The organizational plan includes a chart that shows how your company is structured according to key departments or functions such as administration, production/manufacturing, marketing, and finance. This organizational chart not only presents the levels of authority in a company but also clarifies who is responsible for which people and function.

Aside from the organizational chart, the organizational plan also includes these details:

• Number of employees to hire
• Responsibilities of each job role
• Qualifications of workers who will perform each role
• Salaries and benefits per job assignment

5. Marketing Plan

The marketing plan and the succeeding chapters are the heart and soul of your business plan, explaining the things that will make your business work. This section details how you plan to promote your product or service in the market.

Specifically, the marketing plan covers the following:

• How the product or service will work and how it will benefit customers
• Target market and its profile
• Strategies for packaging, advertising, public relations, and distribution
• Competitive advantage

6. Financial Plan

A critical section in your business plan, the financial plan helps you assess how much money you’ll need to start or grow your enterprise and identify your funding sources to get your business off the ground and sustain its operations. This is where you’ll provide financial estimates that cover at least one year of running your business.

Investors and lenders specifically look for these financial details in business plans:

• How much you’re going to borrow, what you’ll use the loan for, and how you’ll pay it back
• How much profit you’re expecting to make (through an income statement and balance sheet)
• How you can finance your business operations (through a cash flow statement)
• Whether to keep the business going or close it down to cut losses (through a break-even analysis)

Related: How to Write a Business Proposal

Should You Use a Business Plan Template?

Business plan templates identify what information to put into each section and how it should be structured.

They provide instructions to guide entrepreneurs through the process. This way, nothing is missed out while writing the plan.

Thus, using a business plan template is a great idea, especially if this is your first time to prepare a plan for starting or growing your enterprise.

Helpful as it as may be, a business plan template doesn’t make business planning 100% effortless. While it provides the outline that makes writing the plan easy and quick, you still need to do your homework.

For example, a template won’t compute the financial projections for you—it’s a task you have to complete either on your own or with the help of a professional.

So before you use a business plan template, manage your expectations first and be prepared to do a lot of math!

8 Free Business Plan Templates

Yes, you read it right—you can download free online business plan templates. Some of these templates are designed for a specific niche, while others offer sample business plans for a wide range of business categories and industries.

Start off by choosing any of these free templates that suit your business planning needs.

1. Business Plan Format by the DTI

DTI has a wealth of useful information for micro, small, and medium businesses in the Philippines. Of course, it’s free to access since it comes from the government.

On the DTI website, simply look for the Business Planning section and download the business plan format in a PDF file. This document not only lists down all the information to be included in every section of a business plan, but it also provides guide questions per section—making business planning easier for first-timers.

If you want a more detailed discussion of what should go into each component of your business plan plus sample scenarios, check the DTI’s Negosyo Center e-book that fleshes out things for small business owners.

2. Simple Business Plan Template by The Balance Small Business 

The Balance is an online resource for small business owners. It has a free business plan template that’s simple and easy to understand for beginners, with instructions on how to use it. Broken down into sections, the simple business plan template tells you what to include in each component of the plan.

Simply copy the free template and paste it into a word document or spreadsheet. From there, you can start drafting your business plan with the template as a guide.

3. Free Sample Business Plans by Bplans

This website features a collection of over 500 free business plan samples for various industries, including restaurants, e-commerce, real estate, services, nonprofit, and manufacturing.

Under each category are links to many sample business plans for specific types of business. Each sample comes with a plan outline, too. For example, under the Services category, you’ll find sample plans for businesses like auto repair shops, advertising agencies, catering companies, health spas, photography studios, and more.

4. Business Plan Samples by LivePlan

More than 500 free sample business plans are available at the LivePlan website, so you’re likely to find one that suits your business best. The samples allow users to know how other businesses structured and worded each component of their business plans. You can copy and paste the sections into your own plan.

To download a full business plan sample, you’ll have to sign up by submitting your name and email address through the website.

5. Business Plan Templates by PandaDoc

PandaDoc offers free business plan templates for NGOs, startups, restaurants, cafes, bakeries, hotels, and salons. These documents can be downloaded in PDF format.

But if you want a customizable template, you can download the PandaDoc template for a 14-day free trial. This template allows you to edit the document, choose a theme that matches your branding, and add pictures and videos.

The website also has free templates for executive summaries and business letters.

6. The One-Page Business Plan by The $100 Startup

If your business has a simple concept, then a one-page business plan template is ideal to use. This downloadable PDF file is a very simple outline made up of a few sections with questions that you have to answer in just a short sentence or two.

7. Business Plans by Microsoft

Microsoft provides a broad selection of templates for its users, including business plan templates in Word, business plan presentations in PowerPoint, and business plan checklists in Excel.

• Sample business plan template (Word) – Provides the steps in writing a complete business plan
• Business plan presentation template (PowerPoint) – Consists of slides for different sections of a business plan that highlight the key points for viewers
• Business plan checklist template (Excel) – Enumerates the important things to do when writing a business plan, using the Strength, Weakness, Opportunity, and Threat (SWOT) analysis framework

The advantage of using a template from Microsoft is having a professional-looking document, slideshow presentation, or spreadsheet. No need to do the formatting by yourself because the template is already formatted. All you have to do is enter the necessary information into the template to complete your business plan.

8. Social Business Plan Guidelines by the Ateneo de Manila

This free business plan format for social entrepreneurs comes from the Ateneo de Manila University’s John Gokongwei School of Management. In a glimpse, it provides the basic information you need to plan a social enterprise.

It also has more detailed business plan guidelines you can refer to. Simply click the link to the word document at the bottommost part of the page.

Related: 11 Best MBA Programs & Schools in the Philippines

How to Write a Business Plan

An outstanding business plan covers everything your stakeholders need to know about your business. So don’t just wing it—put a lot of thought into this critical document.

Let’s get down to the nitty-gritty of drafting a business plan, whether you’ll use a template or not.

1. Brainstorm about your business idea

You may have a very promising business idea, but it won’t fly unless you develop it into a clear-cut concept.

Brainstorm with your team about everything you can think of about starting and running the business. Then list them all down.

Be as creative as possible. No need to be too critical at this point.

While brainstorming, aim to answer these key questions:

• Why do you want to start the business? What has inspired you to go for it?
• What product or service do you plan to sell?
• Who will be your target customers? What are their problems that you’re hoping to solve through your product or service? How will you promote your offerings to them?
• What will be your business branding ? How will you position your brand in the industry?
• What is your competitive advantage? What makes your business unique?
• Where do you see your business within a year?

2. Validate your business idea

Research on the specifics of your business idea—paying special attention to your product or service, target market, and competitors.

According to entrepreneurship experts, it’s best to spend twice as much time on this step as spending the time to the actual drafting of the business plan.

Here are some ways to validate your business idea:

• Read studies and research to find information and trends about your industry .
• Conduct market research to gather insights from industry leaders, potential customers, and suppliers . You can do this through surveys, focus group discussions, and one-on-one interviews with your stakeholders.
• Collect data about your competitors , especially the product or service they offer and how they reach their customers. Consider buying from them or visiting their store to get a feel of their products and customer experience.

Gather all relevant information and analyze your findings to assess whether the business idea is feasible or not. You may need to tweak your business idea based on your evaluation of its feasibility.

3. Define the purpose of your business plan

It’s extremely difficult to carry out anything if you aren’t sure about why you’re doing it in the first place. Without a clear purpose, you’re like driving a car without knowing where you’re headed to.

When it comes to writing your business plan, you should have its purpose in mind from the get-go. It can be one or more of the following:

• Create a roadmap to provide the directions the business must take to achieve your goals and overcome challenges. This is ideal for bootstrapping or self-funding startups.
• Seek investments and loans to finance a business. If this is your purpose for making a business plan, it should be compelling enough to attract investors and lenders.
• Set your targets, budget, timelines, and milestones. When you put them all in writing, it’s so much easier to evaluate and measure your business’ actual performance versus your goals.
• Communicate your vision and strategic priorities with the management team. With this purpose, your business plan must establish specific goals for your managers so that they have something to commit to, you can track progress, and get them to follow through on their commitments. Also, having a business plan for this purpose ensures that everybody involved in running your business is on the same page.
• Minimize risks. Running a business in itself involves a lot of risks, and it gets riskier with a poorly researched business idea. A business plan can help entrepreneurs mitigate them by organizing activities and preparing for contingencies.

4. Create an outline for the executive summary

The first section of any business plan is the executive summary. You don’t have to draft it yet at this point, but it helps to write an outline for it before you proceed with the rest of the sections.

In a sentence or two, describe these key aspects of your business:

• Product or service
• Target market
• Competitors
• Unique value proposition (how you set your business apart from the competition)
• Management team
• Short-term and long-term business goals
• Possible sources of revenue

5. Describe your business

The next step is to write your company profile. Get your readers to become familiar with your business and realize why they should be interested in it.

If you have no idea what specifically goes into this crucial business plan section, you can check the company profiles of businesses in your industry. Usually, you can find them on their websites at the About Us or About the Company page. Take note of the information included and how they’re written.

Here are the must-haves of a great company profile:

• Brief history of the company
• Mission and vision
• Product or service lineup
• Target market and audience
• How the business will address the customers’ pain points
• What makes the business unique

6. Provide details about your operations and organizational structure

Anyone who will read your business plan needs to know what they should expect when they deal with you. They need to see a solid plan for your operations and the people who make up your team. So give your operations plan and organizational plan a careful thought.

For your operations plan, choose carefully the right legal structure for your business. Will you be a sole proprietor? Or will you partner with someone or form a corporation? Your choice will have an impact not only on your business operations but also on the taxes you’ll pay and your personal liability .  

As for the organizational plan, it’s where you put your organizational chart that shows a glimpse of the hierarchy within your organization. You can easily create this chart in Microsoft Word, Excel, or PowerPoint.

Also introduce the people who comprise your management team—their relevant experience, qualifications, and expertise . The organizational plan must also include information of the support personnel, as well as who reports to whom and who manages whom.

If you’ll be outsourcing some of your business functions, add them to your organizational plan, too. These may include consultants , accountants , lawyers , logistics specialists, and IT specialists. This way, you’re showing that you’re planning to fill in any expertise and skill gaps in your in-house team.

Also Read: Business Process Outsourcing to the Philippines [Complete Guide]

7. Compose your marketing plan

Make this section of your business plan as comprehensive and detailed as possible. You’d want to prove that you’ll take a strategic and aggressive approach to reach your target customers and promote your brand and product or service to them.

Divide your marketing plan into five subsections: objectives, product/service description, target market profile, competition profile, and promotional activities.

A. Objectives

Zero in on the what and the why of your marketing activities. Under the marketing objectives section, list down all your goals and the strategies you’ll implement to meet them.

Your marketing goals can be any of the following:

• Raise brand awareness
• Introduce a new product or service
• Regain or get more customers for an existing product or service
• Secure long-term contracts with your ideal clients
• Increase sales in a certain market, product, or price point
• Improve product manufacturing or product/service delivery
• Increase prices without affecting sales

B. Product/Service Description

Describe each product or service you’ll offer, including its features and benefits. You can use storytelling , images, charts, tables, or any visual element that best illustrates how each item will work to the benefit of your target customers.

C. Target Market Profile

Present as much relevant data as you can about your potential customers. Make sure to include the following:

• Demographic profile: age range, gender, income level, education, interests, etc.
• Buying behaviors
• Factors that influence their buying decisions: purchasing power, personal preferences, economic conditions, marketing campaigns, social factors (such as peer pressure and social media influencers ), cultural factors, etc.

D. Competition Profile

Your marketing plan must focus not only on your own business but also those of your competitors. List down the similar products or services that they offer to your target customers.

Also, provide an assessment of your competitors’ performance. Which areas are they doing well? How can you improve on their strengths and weaknesses? How can your business stand out? Is it your more competitive pricing? Better customer service? Superior product quality?

To come up with a good competition profile, take the time to research about your competitors. When interviewing your target customers, ask them about the brands they use or businesses they deal with.

You can also do an online search of your competitors. For example, if you’ll run a pet supplies store in Pasig, search for “pet stores Pasig” on Google. The search engine results page may show you the different stores that sell the same products as the ones you plan to offer. Read customer reviews online to get deeper insights on how these businesses serve their clients.

Consider doing a “secret shopping” in your competitor’s store. This way, you can experience firsthand how they treat their customers and how they market and sell their products or services. You might even be able to get information about their product lineup and pricing.

E. Promotional Activities

The last subsection of your marketing plan must discuss how you’ll promote your brand and products or services and connect with customers. Also, be ready to allocate budget for each marketing activity you identify in your plan.

Create a list of marketing activities you plan to implement. Will you reach your audience through SEO (organic online search), paid advertising, and/or social media? Or will you go the traditional route through print and TV advertising or joining expos, exhibits, and trade shows? The right choice depends on the nature of your business and the type of audience you’re trying to reach.

8. Develop your financial plan

The financial plan is the section where you’ll crunch the numbers. Unless you’re really good at math, it’s best to hire an accountant or business consultant who will work with you to develop a foolproof financial plan.

Put simply, a financial plan explains how a business will spend money and make more money. It also estimates the amount of time it will take for the business to earn a profit.

Here are the specifics of a good financial plan:

• Total capital requirement
• Business financing plan and any loan requirement
• Collateral to put up for a business loan
• Schedule for loan repayment
• Financial statements : cash flow statement, income statement/profit and loss statement, and balance sheet
• Break-even analysis
• Return on investment (ROI)
• Financial analysis

Ultimately, these financial projections answer the question, “Is your business financially feasible?”

9. Back up your business plan with supporting documents

Books and theses have an appendix section at the end that provides additional resources. Your business plan should have one, too. This final section consists of documents, surveys, studies, charts, tables, images, and other elements that provide supporting data.

Depending on the information you’ve presented in the other sections of the plan, your appendix may include these things:

• Market research data and findings
• Resumes of the management team
• Relevant financial documents
• Lease agreements
• Bank statements
• Licenses and permits

10. Review and refine your business plan

Your business plan is almost done at this point. Now all you have to do is go over the document once more to ensure you’ve covered everything and nothing crucial is left out.

Check your final draft and be sure it has the following:

• Sound business idea – If you’ve done Step 2 properly (validating business idea), you can be confident that you have a sound business idea.
• Comprehensive and in-depth look into your business in a professional format
• Thorough understanding of your target customers , their behaviors, interests, and needs
• Competent management team – The people who make up your team must possess the skills and expertise that complement yours.
• Business focus or specialization

Aside from yourself, ask a business partner, proofreader, and accountant or financial expert to review your business plan and spot any errors and inconsistencies. You’d want to make sure that it looks professional and is accurate.

11. Write the executive summary

Lastly, get back to the outline you created in Step 4 and write it based on your final draft. Make sure to craft an engaging executive summary that hooks people into reading the rest of the plan.

6 Actionable Tips on Writing a Business Plan

Anyone can write a business plan—but it takes more than great writing skills to create an exceptional one.

Here are some tips to help you prepare an effective business plan that goes beyond the ordinary.

1. Write with your audience in mind

When drafting your business plan, you’re writing not for yourself but for people who will play key roles in starting and running your enterprise. This is why it’s important that you know whom you’re writing for and keep them in mind while preparing your business plan.

If you think you can’t create a plan that caters to all your audience groups, consider having different versions of the document. For example, you can come up with a business plan for investors, another for lenders, one for employees, and so on. But keep the data consistent across all versions.

To write a business plan that suits a particular audience, you have to use the right language, highlight the parts that interest them, and adjust the format accordingly.

A. Use the Right Language

One of the most important rules in business writing: use the language that your target audience easily understands. If you’re writing for engineers, finance people, or lawyers, your language can be technical—meaning you can use jargons and terminologies familiar to them.

However, if you’re writing for investors who barely have technical knowledge, tweak your language in simple terms that are easy to grasp and appreciate.

Likewise, if you’re writing a business plan to communicate internally with managers and employees your company’s direction and strategies, it’s best to use more casual language than you would when writing for high-level, external stakeholders.

B. Appeal to Your Audience’s Interests

It also helps to understand what interests your audience because they will influence how you’ll write your business plan.

Your management team, for instance, will be interested in knowing your business goals and strategies so that they can help you steer the company in the right direction.

Investors and lenders look at the business plan differently—they’ll be more interested in your financial statements to determine your financial health, like if your business is worth investing in or has the ability to pay back a loan.

C. Adopt a Suitable Business Plan Format

There’s no one-size-fits-all format for business plans because it depends mainly on your audience, aside from the nature of your business.

Let’s say you’ll set up a restaurant, and you’re drafting a business plan to apply for a business loan. To convince lenders that your business is viable, details such as your restaurant’s location and possible renovations are crucial.

Meanwhile, if you’re writing the plan for potential big-time investors, you’ll take a different approach. A good restaurant business plan focuses on the business aspects that will lead to growth and profitability (Remember that investors are interested in how they’ll make money from partnering with you).

2. Keep it concise

How long should a business plan be? According to the U.S. Small Business Administration (SBA) , it depends on various factors such as the specific audience it’s written for and the nature of a business. The SBA cites surveys that found the ideal length to be at least 25 to 100 pages.

Sounds a lot? If you have a simple business idea and you’re writing a business plan for busy people who don’t have time to pore over hundreds of pages, then one page up to 20 pages should be fine.

However, you may need to provide more explanation (which will take up more pages in your business plan) if you’re planning to build a new kind of business, and a risky one at that.

The size of your business also affects the length of your business plan. Business plans for small businesses need not exceed 30 pages. Corporate business plans are expected to be longer.

What matters more than length is how concise your business plan is. Meaning, it provides all the necessary information—including solid research and analysis—using the fewest words possible. No place for wordiness here!

3. Document everything related to your business

Support your claims in the business plan with solid facts and proof. Investors, for instance, need an assurance that they won’t lose their investment when they trust you with their money. This is where documenting your business thoroughly plays a crucial role.

What kinds of documentation can you include in your business plan?

• Industry forecast or projections
• Licensing agreements
• Location strategy
• Prototype of your product or service
• Survey and FGD results
• Resumes of your management team

4. Show your passion and dedication to your business

Although business plans have straightforward, matter-of-fact content, you can still establish an emotional connection with your readers through your plan. After all, your readers are humans with feelings and motivations.

No need to be dramatic about it—you can show your passion and dedication while still sounding professional in your business plan. Write about the mistakes you’ve had (like a failed business in the past), what you’ve learned from the experience, the values you hold, and the problems of your customers you want to solve through your product or service.

5. Know your competition and how you’ll stand out

Your business won’t be the single player in your industry. Other businesses in the same niche have started way ahead of you, and some new ones will also compete for business in the future.

Write your business plan in such a way that you know your competitors so well. Identify all of them and what makes your business unique compared with the rest without belittling them.

6. Be realistic and conservative in all your estimates

In any aspect of your business, it’s better to underpromise and overdeliver than the other way around. This also holds true when writing a business plan. You wouldn’t want to set unrealistic expectations that will lead to disappointments and worse, losses, when you fail to deliver on your promise.

There’s no place for too much optimism in your business plan. Your budget allocation, timelines, capital requirements, sales and revenue targets, and financial projections must be reasonable, realistic, and conservative. These will lend credibility to your business plan and yourself as an entrepreneur. Because there are a lot of factors beyond your control, always assume that things will get completed longer and cost more ( consider inflation over time! ).

This is where your research prior to writing the draft comes extremely helpful. You have something solid and factual to benchmark against. For example, if your analysis based on the facts you’ve gathered indicates that you’ll be able to get 40% share off the market in your first year of operations, consider making your estimates a bit more conservative and attainable.

Related: The Ultimate Guide to Business Valuation in the Philippines

10 Mistakes to Avoid When Writing a Business Plan

Now, let’s explore the mistakes entrepreneurs often commit when writing a business plan. Listing them all down here to let you know what to avoid.

1. Prioritizing Form Over Substance

Spend most of your time and energy on building solid research and facts rather than obsessing about which font type or background color will look best for your document.

2. Overthinking

Many entrepreneurs take too long to complete their business plans because they worry too much about it. Don’t get intimidated by business planning—you don’t have to be an expert or a degree holder in business management or business administration to be able to write an outstanding business plan. Overthinking will just lead to analysis paralysis and get nothing done.

As long as you know your business well and are passionate about it, then writing a business plan won’t be as difficult as you think, especially if you’re using a template.

3. Submitting the Document Without Proofreading It

If your business plan is filled with typos and grammatical errors, readers will get distracted even if you’re presenting substantial information. It may also give your audience an impression that you’re careless—and who wants to deal with a person who isn’t professional and careful enough?

Even if it costs you money, pay a professional proofreader to check your work and correct any errors so that the message you wanted to convey through your business plan will get across.

4. Making Empty Claims

Any statement that isn’t sufficiently supported by solid research or documentation has to go. For example, if you want to claim to be the top player in your industry but you don’t have any evidence to back it up, rethink about including it in your business plan.

5. Writing an Overly Long and Wordy Plan

Make sure that everything you put into your business plan is relevant and serves your purpose. Otherwise, remove unnecessary statements that just add fluff to the document.

Also, don’t waste your readers’ time by using too many words—including highfalutin ones. Remember, your goal is to make your audience understand your business, not to impress them with beautiful or complex prose.

6. Using Too Many Superlatives

Even if you really feel that your business, business idea, or projection is incredible, amazing, the best, great, fantastic, or one of a kind, avoid using these superlatives because they aren’t appropriate for formal documents like a business plan.

7. Doing the Financial Projections on Your Own

Unless you’re an accountant yourself, it’s best that you get a professional to do the job for you. It will save you time and the headache of dealing with numbers and formatting your financial plan properly.

8. Overestimating Your Projections

The business plan is not a place to make impossible promises—while they look good on paper, you might run into trouble fulfilling them. To avoid this mistake, always do your research. Find out how other businesses do it and what the typical timeframes and financial projections are before you come up with your estimates.

9. Long-Term Business Planning

As much as possible, limit your projections to only a year. A lot of things can happen and make your business different from how you initially planned it. Stick with your short-term or one-year targets and estimates, then just tweak your business plan as time goes by.

10. Including Unfounded Rumors About Your Competitors

Not only do rumors make your business plan look unprofessional, but they also distract your readers from your intended message, which is to highlight what makes your business different from the competition. Avoid including details based only on hearsay. Everything in your plan must be backed up by solid, quantifiable facts.

Key Takeaway

A business plan is more than just a document that you prepare once and will never look at again. Rather, it’s a strategic tool that you should use from time to time to guide your business operations, get the buy-in of your stakeholders, and grow your business over time.

Once you’re done with writing your business plan, make the most of it for your business. Use it and modify it as often as needed!

Ready and confident to start writing your business plan? Share your thoughts and questions below!

Other Useful Business Resources from Grit PH:

• How to Sell a Business in the Philippines

About Venus Zoleta

Venus Zoleta is an experienced writer and editor, specializing in personal finance and digital marketing.

She has been a regular columnist for some of the biggest business & finance publications in the Philippines, such as MoneyMax.ph and Filipiknow.net.

Hoping to retire early, she started investing and bought a home in her early 20s. This crazy cat mom eats ramen like there's no tomorrow.

Education: University of the Philippines (B.A. Journalism) Focus: Personal Finance, Personal Development, and Entrepreneurship

Reader Interactions

March 3, 2020 at 10:00 am

I like it, and i want to learn more about for business

March 6, 2020 at 9:46 am

Hello Ms. Venus, Rise Against Hunger Philippines, N.G.O. , branching out into a new high ways… and i am newly hired as a social enterprise development officer… whose main tasks to launch a product line; an up-cycled tarpaulin bags.. manufactured by a group of community women (skills training’s, coordinated by life coached; aiming w-holistic transformation and sustainability program.. . with such a big tasks, i need a step by step guides, and if possible a coach for i cannot do it alone… thank you, henry reandino chua

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How to Start a Fashion Clothing Business

• Business Ideas

But hold on a sec! Before you go and start that business of yours, you should first know the basics of setting up a fashion clothing store .

First of all, setting up a fashion clothing business doesn’t only mean providing the best and the trendiest collection of clothing lines (yet it does play a major role in a fashion clothing store’s success). A fashion clothing store, like any other businesses, requires good management, timely maintenance, and a strong willed heart. Without these important business minded characteristics, then your business won’t run for too long. So let’s begin…

The Start of the Journey

Most successful fashion clothing stores have a few things in common: competitive prices, a great selection of clothes such as a sean john clothing, a house of dereon collection, or rocawear clothes, and accessories, attractive packaging (marketing) and yes, a catchy name/brand/tag. Thinking of a name for your business is a tricky endeavor. You obviously want your patrons to remember your store, but you also want them to associate the name of the store with your merchandise. These things are important so make sure you take a note on this.

Now before you open your own fashion clothing store or fashion boutique, you may want to think about what “theme” or specialization of clothes you may want to sell. There are a lot, a few examples include: bridal or wedding boutique, business clothing boutique, casual wear/rough gear/street clothes, children’s wear boutique, couture, formal wear boutique, lingerie, maternity store, men’s wear boutique, special size boutiques (petites, plus size, tall, etc.,) sports wear/active wear, teen gear, women’s wear boutique, etc.

Now there are two kinds of fashion clothing store or shop that you can choose from, a retail fashion store and fashion boutique. So what’s the difference about it?

Well retail fashion specializes in selling new clothing products created by fashion designers which may (or may not) be dictated by celebrity trends, whereas fashion boutiques are more chic or upscale. Personalized service, cozy ambiance and unique merchandise are offered here – and patrons of such places usually expect nothing less. Now it’s up to you whether you wanted to be a fashion clothing retailer or an owner of a fashion clothing boutique. Remember, choose the one you’re most comfortable with. It’s all in your decision.

Planning Ahead

Now before you can see your business material, its important that you should plan all the things needed for you fashion clothing store to run smoothly, without the worry of encountering too much problems at the middle of it.

Business and Financial Planning

Planning, as I said, is very important, especially if you plan about your business processes and financial capacities. Financial management is made easy because of tools such as Excel that can really help in managing your business and accounting. Software tools are also for easier management of your fashion clothing store.

Also, do not forget to include your start-up cost such as the rent for your shop, the money needed for your opening day, salaries and wages for your employees (if any), taxes, insurances, and other business miscellaneous. This is important, for much of the assets would be coming from your personal funds or savings and how much were loaned or borrowed. These things should be cleared out before opening your fashion clothing shop to minimize the chance for you to encounter such problems.

Location Planning

Another huge factor about launching your own fashion clothing store is your business location. Malls are popular places for such stores, but they do come with steep rents, and a lot of competition. Stores that sell outside such establishments may have less overhead expenses but may also have less foot traffic. Your prospective market may also be an important element in choosing your business location.

So you should ensure that the location is located in a high-traffic area and close to places such as schools, hip clubs and restaurants. Put your store inside a mall (if you have the budget for it), but avoid placing it next to another retail fashion clothing store or fashion clothing boutique. Otherwise, you would be competing with veteran fashion clothing store owners.

In order to assess competitiveness and presence, you would need to perform a market research in order to look at the demographics in the location you plan to put up your fashion clothing store. See what other fashion clothing store can provide and what they cannot provide.

Take for example, if your competitor has a large collection of house of dereon jeans and skirts but lesser with sean john clothing T-shirts and hoodies, then you should sell those sean john clothing T-shirts and hoodies rather than selling those house of dereon jeans and skirts. Well with your talent in this part, it’ll be a lot easier to out-perform them.

Stock Planning

It is also important that you can provide some of the most popular branded clothing lines, such as sean john clothing, house of dereon, rocawear, or apple bottoms. You can buy this directly from the manufacturers, but you could also buy it from a distributor such as Ebay. But apart from Ebay, other online clothing shops or wholesale clothing shops can provide such things such as Streetzwear and Seven Wholesale.

You are free to choose whatever brand you like, the important thing is for you to provide what the customers wants and needs.

Price Planning

Pricing is important, as with the quality of the merchandise. Some clothing stores manage to pull off slightly higher pricing from its peers, but only because they have already established their brand names in the market. Since you are only starting or launching this business, you may want to refer to popular prices among your competitors. The quality of your merchandise should also be a great concern to you. Nothing will lose you more customers faster than poorly made clothes passed off as “fashionable” wear with very dear price tags.

Marketing Plan

Before opening your doors, it’s important that people around you know that you’re opening your fashion clothing store at this day and at this time. This can be done by advertising your store. Weeks or months prior to your opening day, ensure that you have mailed or distributed fliers, set up ads in the advertising section of your local newspaper, post bill-boards and flashy signs at a corner near your store. If you could, you could hire people to distribute fliers to passing people, or just seek some help from your families and friends.

Visit this link to Register Your Business . (Tagalog version)

Here are some free Business Plans that you can try with: – Lingerie Shop Business Plan – Maternity Clothing Online Business Plan – Women’s Clothing Boutique Shop Business Plan – Clothing Retail Business Plan – Sports Clothing Retail Shop Business plan – Maternity Clothing Business Plan

Sources: jefferson john babasa , http://www.articlealley.com/article_641308_34.html, bplans.com Photo: thecentrestore.com Do you like this money making business idea? then please consider subscribing to our RSS feed and have new articles sent directly to your inbox. (Once you entered your e-mail address, you need to login to your e-mail account and click the link to confirm your subscription).

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Fashion business has taken a leap in Digital era. More and more businesses are now coming up online to serve fashion community. I thoroughly enjoyed reading your article.

very effective post. thanks for sharing this post. I want to agree with this post. I want to start business the same way

Thanks for the tips! Please post another article about achieving that perfect fabric, comfortable and stretchable like Acossi. It’s a men and women clothing store in New Jersey and my main motivation to open up a clothing store line.

Thanks for the tips! But I guess I can only stay with admiring some of these fashion businesses and companies for now.

Amazing & great article. Make your clothing business ease with Best GST Billing Software Bharatbills (https://bharatbills.com)

I never thought that one should choose a shop location for a clothing store to be located in high-traffic areas such as close to schools, hip-hop clubs, and restaurants. Speaking of clothes, what tips can you give when it comes to choosing the fabric of the clothing lines I would sell? How should one price clothes that are made from custom fabric?

First of all, starting a fashion business does not mean that you have to offer good and trendiest collection. You must have every skill and fashion sense followed by business plan, financial plan and planning of stock.

wonderful post truly informative along with useful love your blog looking forward to get more

Really great article. 6 things to keep in mind: 1- Prepare to market, don't leave any chance for marketing. 2- Convert leads into customers quickly. 3- Price it correct. Check if you are loosing money anywhere. If you didn't consider even the cost of the stationary or the cost of inventory stays at a given point of time while preparing the pricing you may loose a lot of money. It's a good idea to include a minimum of 20% cost of delay in sales and 20% delay cost in supplies in the price and a 10% of miscellaneous cost that you didn't encounter during pricing. It's the most crucial point many smallbiz forget to do and thus obtain more financial problem even when their sales are up. 4- Great customer experience is free marketing and more sales for you. 5- Supply to inventory to market should be as fast as possible. Keep an eye on stocks. 6- Use an accounting software like SlickAccount (https://www.slickaccount.com) that helps you in budgeting, planning and make you easily identify the financial problems in your business and its causes with less work.

Best of luck for your ventures and thanks for bringing up this article 🙂

Hi, There will be a Garments Business Seminar, anyone interested? Here's our link : http://www.infoguidetraining.net/#!schedule/citr.

very good suggestions thnk you.

i love those fashion styles. it seems like just design for the young ladies.

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Disclosure: Small Business Philippines strives to provide relevant and accurate information in all its articles. However, some information in our articles may differ or might be outdated from what you can see or read directly from the establishments’ or businesses’ websites. Please get in touch with us directly for any discrepancies.

A business plan is a strategic document that outlines your business idea, goals, target audience, competition, marketing strategies, financial projections, and operational plans. It serves as a comprehensive guide that not only helps you organize your thoughts but also convinces potential investors, partners, and stakeholders of your business’s viability.

2. Attracting Investors

3. decision-making, 4. resource allocation, 5. goal tracking, when to create a business plan, step 1: executive summary, step 2: company description, step 3: market analysis, step 4: products and services, step 5: marketing and sales strategies, step 6: organization and management, step 7: financial projections, step 8: funding request, step 9: operational plan, step 10: appendices, 1. research thoroughly, 2. be realistic, 3. know your audience, 4. update regularly, 5. be concise, key takeaways, why is a business plan essential.

A well-crafted business plan offers numerous benefits:

It helps you clearly define your business goals and the strategies to achieve them, providing you with a focused direction.

Investors are more likely to support a business with a solid plan, showcasing your commitment and potential returns.

A business plan helps you make informed decisions by analyzing potential risks and rewards.

Efficiently allocate your resources – both financial and human – to achieve your business objectives.

Measure your progress against the initial goals and make necessary adjustments for success.

The ideal time to create a business plan is before you launch your venture . However, it’s never too late to create or update your plan, especially when you’re looking to expand, secure funding, or navigate significant changes in your business.

Where to Begin: Step-by-Step Guide to Crafting Your Business Plan

Summarize your business idea , goals, target market, competition, and financial projections briefly. This section provides a snapshot of your entire plan.

Describe your company’s mission, vision, values, and unique value proposition that sets you apart in the market.

Research your target market, industry trends, and competition. Understand your customers’ needs, preferences, and behaviors.

Detail your offerings, explaining how they fulfill your customers’ needs. Highlight their features, benefits, and competitive advantages.

Outline how you’ll promote your products/services, attract customers, and convert leads into sales. Discuss pricing, distribution, and promotional tactics.

Introduce your team and their roles, highlighting their expertise and contributions to the business’s success .

Present detailed financial forecasts, including income statements, cash flow projections, and balance sheets. Be realistic and supported by thorough market research.

If you’re seeking funding, clearly state how much you need, how you’ll use the funds, and the potential returns for investors.

Describe your day-to-day operations, production process, and supply chain management. Address any potential operational challenges and how you’ll overcome them.

Include additional information such as market research data, legal documents, patents, licenses, and any other relevant materials.

Tips for Creating an Effective Business Plan

Ensure your plan is backed by solid market research and accurate data.

Set achievable goals and projections. Overly optimistic forecasts can damage your credibility.

Tailor your plan to your target audience, whether it’s investors, lenders, or partners.

Your business environment evolves. Regularly review and update your plan to stay relevant.

While thoroughness is important, avoid unnecessary jargon and keep your plan concise and easy to understand.

Crafting a business plan is an essential step in launching or growing a business in the dynamic Philippines market of 2023. A well-structured plan offers clarity, attracts investors, aids decision-making, guides resource allocation, and helps you track goals. By following our step-by-step guide and incorporating expert tips, you’re setting your business on a path toward success. Remember, a well-prepared business plan is the key to turning your entrepreneurial dreams into reality.

Ready to embark on your business journey? Start creating your comprehensive business plan today to build a successful and sustainable venture in the thriving Philippines market. Your roadmap to success begins with a well-crafted business plan .

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Using a business plan in the Philippines is crucial for several reasons. Firstly, a business plan serves as a roadmap that outlines the goals, strategies, and financial projections for a business venture. It helps to clarify the direction and vision of the business, ensuring that all stakeholders are aligned. Additionally, a well-developed business plan is often required when seeking financing from banks, investors, or government institutions. It demonstrates the feasibility and potential profitability of the business, increasing the chances of obtaining funding. Themis Partner helps you draft the best business plan for your company while being fully compliant with Philippines Laws.

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Table of contents, what is a business plan, when do you use business plan for your business, why is a business plan important for success, what does a business plan include in the philippines, how to make a business plan for the philippine market, what are the tips for writing a business plan for startups, how important is market research in developing a business plan, how to incorporate financial projections into my business plan.

A business plan is a comprehensive document that outlines the goals, strategies, and financial projections of a business. It serves as a roadmap for entrepreneurs, providing a clear vision of their business idea and how they plan to achieve success. A well-crafted business strategy roadmap includes sections such as an executive summary, company description, market analysis, marketing strategies, organizational structure, financial projections, and more. It helps entrepreneurs articulate their business concept, understand their target market, identify potential challenges, and plan for growth and sustainability.

Business plans are typically used in various scenarios throughout the lifecycle of a business. They are essential when starting a new venture as they provide a blueprint for success, helping entrepreneurs secure funding from investors or financial institutions. A business plan is also beneficial when seeking partners or collaborators, as it outlines the business’s potential and growth prospects. Moreover, established businesses can use these strategic roadmaps to strategize for expansion, diversification, or entering new markets. Additionally, a strategic roadmap can be periodically reviewed and updated to assess progress, make necessary adjustments, and attract new investors or stakeholders.

A comprehensive business plan is vital for success in the Philippines due to several reasons. Firstly, it helps entrepreneurs gain a deep understanding of the local market dynamics, consumer behavior, and competition. The Philippine market is diverse and rapidly evolving, making market knowledge crucial for business sustainability. A well-researched business strategic roadmap allows entrepreneurs to identify and capitalize on market opportunities, mitigate risks, and make informed decisions. The business strategic roadmap is essential for attracting investors in the Philippines. Investors often require a thorough strategic roadmap to assess the viability and potential of a venture. A comprehensive plan demonstrates professionalism, preparedness, and a strategic approach to business development. It provides investors with the necessary information to evaluate the financial projections, growth prospects, and return on investment. A strategic roadmap serves as a roadmap for entrepreneurs, outlining their goals, strategies, and milestones. It helps in aligning the efforts of the entire organization and provides a basis for decision-making. A well-structured plan enhances operational efficiency, resource allocation, and risk management, ultimately contributing to the overall success of the business in the dynamic Philippine market.

By incorporating these key elements into your business plan, you can create a comprehensive and tailored document that addresses the specific needs of ventures in the Philippines. This ensures that your document aligns with the local market dynamics, consumer preferences, and regulatory environment, increasing the chances of success.

1. Executive Summary: This section provides a concise overview of the business, its mission, vision, unique selling proposition, and key highlights.

2. Company Description: Describe the nature of the business, its legal structure, products or services offered, and the target market in the Philippines.

3. Market Analysis: Conduct a thorough analysis of the Philippine market, including market size, growth trends, customer demographics, and competitive landscape.

4. Marketing and Sales Strategies: Outline your marketing and sales approach, including pricing strategies, distribution channels, promotional activities, and customer acquisition plans.

5. Organizational Structure: Define the organizational structure of your business, including key management personnel, their roles, and responsibilities.

6. Product or Service Offering: Provide detailed information about your products or services, including their unique features, benefits, and competitive advantages in the Philippine market.

7. Financial Projections: Include financial statements, such as income statements, balance sheets, and cash flow projections, to showcase the financial feasibility and profitability of the venture.

8. Risk Assessment and Mitigation: Identify potential risks and challenges that may impact your business in the Philippine market and outline strategies to mitigate them.

9. Implementation Plan: Outline the steps and timelines for executing your document, including key milestones and resource requirements.

Step 1. Executive Summary

Provide an overview of your business idea, including your goals, target market, and unique value proposition for the Philippine market.

Step 2. Market Analysis

Conduct comprehensive research on the Philippine market, including customer demographics, buying behaviors, cultural nuances, and trends. Identify market gaps, competition, and potential opportunities specific to the Philippines.

Step 3. Business Concept and Value Proposition

Clearly articulate your business concept and how it addresses the needs of the Philippine market. Highlight your unique value proposition and how it differentiates you from competitors.

Step 4. Marketing and Sales Strategy

Outline your marketing and sales strategies tailored to the Philippine market. Define your target customers, pricing strategy, distribution channels, and promotional activities. Consider leveraging digital marketing platforms, local partnerships, and culturally relevant marketing approaches.

Step 5. Operational Plan

Detail the operational aspects of your business, including location, facilities, equipment, and production processes. Consider local regulations, permits, and licensing requirements that Philippines Laws may apply.

Step 6. Organization and Management

This document may indicate stability for your firm by demonstrating that you have planned ahead of time so that any issue can be resolved easily and quickly. This is very crucial for banks and other creditors who may be interested in investing in your firm.

Step 7. Product or Service Offering

Provide a comprehensive description of your products or services and how they meet the needs of the Philippine market. Highlight any customization or localization efforts specific to the local preferences and cultural context.

Step 8. Financial Projections

Develop realistic financial projections, including sales forecasts, expense estimates, and projected profitability. Consider local market conditions, pricing dynamics, and costs specific to the Philippine market.

Step 9. Risk Assessment and Mitigation

Identify potential risks and challenges that your business may face in the Philippine market. Develop strategies to mitigate these risks, such as contingency plans, partnerships, or diversification strategies.

Step 10. Implementation Plan

Create a step-by-step action plan outlining the tasks, timelines, and responsibilities for launching and operating your business in the Philippine market. Include milestones and measurable goals to track your progress.

ℹ️ Themis Partners legal experts also help you in your company registration so it helps you select the right type of company and ensure a full compliance to the Philippine Laws.

Writing an effective business plan for startups in the Philippines requires a focused and strategic approach. Begin by clearly articulating your business concept, value proposition, and target market, emphasizing what sets you apart from local competitors. Conduct thorough market research to understand customer needs and preferences, and tailor your products or services accordingly. Outline your marketing and sales strategies, incorporating digital marketing techniques and innovative promotional campaigns to reach and attract your target customers. Showcase your understanding of the local competitive landscape and explain how your startup will gain a competitive edge. Present a comprehensive financial plan with realistic revenue projections, expense forecasts, and a clear path to profitability. Highlight the qualifications and experience of your team, demonstrating their commitment to the success of the startup. By following these tips, you can create a compelling strategic roadmap that resonates with potential investors and stakeholders in the Philippines.

Market research and analysis play a critical role in developing a business plan for the Philippine market. It provides valuable insights into customer preferences, market trends, competition, and industry dynamics. Here’s why market research is important:

By incorporating comprehensive market research and analysis into your business plan, you demonstrate a thorough understanding of the Philippine market. This increases the credibility of your plan, enhances its strategic relevance, and positions your business for success in the dynamic and competitive Philippine market.

Financial projections and forecasting play a vital role in a business plan for ventures in the Philippines, providing a clear understanding of the financial feasibility and profitability of your business. To incorporate financial projections into your plan, develop realistic revenue projections based on market research and sales estimates. Estimate expenses comprehensively, considering operational costs, marketing expenses, and other relevant expenditures. Create a cash flow projection to track cash inflows and outflows, and conduct a break-even analysis to determine the point of profitability. Determine your financing needs and outline plans for raising capital, while considering sensitivity analysis to assess potential market fluctuations. By including comprehensive financial projections in your strategic roadmap, you demonstrate financial acumen, attract potential investors, and provide a strong foundation for decision-making and resource allocation in the Philippines.

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• Business Plans Handbook
• Business Plans - Volume 09
• Retail Clothing Store Business Plan

Retail Clothing Store

BUSINESS PLAN     BOSTON RAGS CLOTHING STORE

423 West Oaks Boulevard Hartford, Connecticut 06103

This plan outlines how Boston Rags, a start-up retail men's, women's, and children's clothing store, will provide the Hartford community with unique clothing they would normally purchase outside of the state.

EXECUTIVE SUMMARY

Company summary, market analysis summary, strategy & implementation summary, management summary, financial plan.

Boston Rags Clothing Store will be a start-up retail men's, women's, and children's clothing store specializing in unique clothing from other parts of the U.S. This business will be a casual urban wear traditional clothing store which will be run by the owners, Nancy Seymour and Joanne Arbor, as a Partnership. It will be located at 423 West Oaks Boulevard, near downtown Hartford, Connecticut. This store will also have a local market and will serve both youth and adults. Our intent is to provide the community with unique clothing they would normally purchase outside of the state.

The business will be financed with $18,299 of the owners' money plus $35,444 from a business loan. Starting costs are $53,743. Sales are estimated at $187, 500 per year by the first year. A positive cash flow will be produced at the end of the first year.

There are no other urban wear stores located within 20 miles of the location selected for this store. Hartford is in an urban city of approximately 104,000 people which is also a part of Hartford County area containing approximately 408,000 people.

Nancy Seymour receives a Veteran's pension (from her late husband) which is adequate for support without drawing from the business. Joanne Arbor is employed full-time by Central Connecticut State University, which is also adequate support without drawing from the business. Joanne has managerial experience and basic knowledge of accounting. She has at least 7 years of retail experience.

Boston Rags's main objectives are to:

• Establish a unique clothing retail business in the city of Hartford, Connecticut
• Create jobs
• Provide quality clothing and customer service at a reasonable price
• Achieve the largest market share in the city for urban wear
• Be an active and vocal member of the community, and to provide continual reinvestment through participation in community activities and financial contributions
• Achieve a profit within the first year
• Continually and consistantly increase total number of customers per year
• Increase average length of customer relationships and decrease customer turnover

Boston Rags Clothing Store is a retail clothing store specializing in unique clothing and accessories. We encourage customers to be experimental with new clothing styles. Our mission is to understand what our customers' needs and hopes are after buying urban wear clothing.

Boston Rags will maintain financial balance while delivering a quality product to our customers. We will make our clothing accessible throughout our community by way of establishing a retail location, fashion shows, and events. We will make a profit and generate cash. We will provide a rewarding work environment and fair compensation to our employees, ultimately provide excellent value to our customers, and a fair return to our owners.

Keys to Success

Boston Rags's keys to success include: implementing an effective cash flow plan, achieving efficiency, running our retail store professionally, and maintaining a serious business discipline to everything we do.

Boston Rags's cash flow plan is to:

• Maintain enough money on hand each month to pay the cash obligations the following month.
• Identify and eliminate deficiencies or surpluses in cash.
• Alter business financial plans to provide more cash if deficiencies are found.
• Invest any revealed excess cash in an accessible, interest bearing, low-risk account such as a savings account or short-term CD or T-bill.
• Eliminate credit and terms to customers (not credit card sales).
• Clearly understand the urban wear market, distribution costs and competition, and continually adjust accordingly.
• Keep enough cash, as needed cushion for security, on hand to cover expenses.
• Reduce accountant expenses by producing our own summary statistics and projections via accounting software.

The business will be named "Boston Rags Clothing Store." This is to identify the store with the city of Boston, Massachusetts, where most of the store's inventory will be purchased. The name is registered in Hartford County under an assumed name.

Boston Rags Clothing Store's primary goal is to find customers and keep them coming back.

Boston Rags is designed to help customers change their look without buying an entirely new wardrobe. We will cater to the person wanting to build a new wardrobe by purchasing clothing and accessory pieces to add to clothing they already have.

Customers will rely on the business they purchase pieces from to give them continuous help and personal opinions. Theirs is a business that repeats and it will be easy to establish a strong clientele.

Customers will save money from having to buy a complete outfit by just purchasing pieces. They will also enjoy shopping in stores that are well inventoried and serviced-minded, such as Boston Rags.

Boston Rags will set the pace for urban fashion for all seasons. Last year's outfit will be accessorized to be this year's outfit. People like to buy clothing pieces and accessories to continue wearing clothing that would be out-of-date otherwise.

Boston Rags will also cater to all types of customers and for all occasions other than routine shopping. Examples: Wives buying gifts for their husbands, friends buying gifts for their friends, etc. Boston Rags's store will be a source of wearable gifts.

Retail profits can be as high as 65-85 percent on clothing and accessory pieces. The sales and profit margins in a specialty clothing and accessory store are higher than the average retail store. We have the opportunity to profit successfully.

The urban clothing market is the most exciting, fastest growing market for consumers. They will always look for unique clothing pieces and they will not hesitate to buy them.

Company Ownership

The business will be retail sales of urban clothing and associated products. Nancy Seymour will hold 50 percent ownership and Joanne Arbor will also hold 50 percent ownership. It will be set up as a partnership at start-up and then phase into a Limited Liability Corporation by the second year.

Start-up Summary

Total start-up expense (including fixtures, equipment, and grand opening) is $53,743. Startup assets required $19,000 in inventory. With the owners' investment of $18,299, the amount of additional start-up funds needed are $35,444. The details are included in the following chart and table. It is planned to start the business in the month of December because this is the Christmas seasonal month in which retail store are known to have high sales. Once established, business volume may be somewhat cyclical for that reason.

Company Location and Facilities

Boston Rags Clothing Store will be located at 423 West Oaks Boulevard, Hartford, Connecticut. The store is approximately 2500 square feet. It contains two dressing rooms and a unisex restroom. Parking space is available in front of the store with additional spaces in the rear for overflow. The are a variety of businesses in the area that include Burger King, White Castle, and a flower shop along with Central Connecticut State University. This variety of businesses creates a constant flow of traffic during most business hours.

Business Operations

While a clothing retail store is not unique in itself, this business will have one-of-a-kind items and provide personal one-on-one attention to customers after hours when needed. Customers can buy sweaters, dress slacks, dress shirts, coats, jogging suits, jean outfits, childrens' items, catalog items, and more. The store hours will be 7 days a week. Store hours will be from 10 A.M. to 10 P.M., Monday through Saturday, and 11:00 A.M. to 8:00 P.M. on Sundays.

We will have two full-time employees. The wages for these employees will be $6.00 hour. We will not be offering benefits for the first couple of years. Employees will do the cleaning of the building.

The inventory will be purchased through several vendors that include: BRG Sportswear, Inc., White Sail, USA 66, Wonder, Inc., ABX, and Mark Zap Clothing, Inc. We estimate our inventory to turn over 8 times a year. Starting inventory will be $19,000 with the markup of up to 100 percent.

The following are our operation policies and will be posted throughout the store:

• 30-day layaway with 50 percent down, nonrefundable
• 30-day exchange policy, no cash refunds (this will be written on our receipts)
• $25 fee for check returns
• 2 items at a time in the dressing room
• Accepting credit cards, Visa, Mastercharge, Discover, and American Express

The owners have enlisted the professional services of Mitchell's Accounting and Investment Services to handle Boston Rags's business functions and needs. The following will be conducted by Mitchell's accounting firm:

• Weekly payroll
• Compliance with all Connecticut Sales Tax requirements
• Generate Profit and Loss Statements as required
• Consultation on an as-needed basis
• Generate all 941 requirements as required by Federal, State, and Local Taxes
• Generate all W-2s as required
• Filing all required personal tax returns will be at the current cost rates for Schedule C's and other business returns

This accounting firm will be phased out as we learn how to use the appropriate accounting software to manage our own books.

Ms. Arbor has combined managerial experience of 12 years and has also taken business management classes at Smith Community College and Hartford Business Institute. She is therefore technically qualified to handle the products the store will offer. Boston Rags will be aided in development by Ventures store out of Boston, Massachusetts, and Wonderkins Store out of New York, New York. Ventures and Wonderkins sell similar products to Boston Rags. The owners of Ventures are also close friends of Ms. Arbor. Boston Rags will also utilize the SBA Business Information Center for additional resources and business training.

The owners have referred to an attorney but will not retain an attorney until a later date. The attorney will be used for recommendations in respect to future incorporation as a Limited Liability Corporation. The attorney will also handle any future permit or certificate needs.

Urban wear has increased in popularity as the number of new musical hip-hop artists' popularity has increased over the past several years. Boston Rags will sell products similar to one hip-hop artist, Mark Zap, who has a store in New York. Like Mark's store, Boston Rags's line of clothing of more than 32 pieces, include denim, leather, twill and linen bottoms, linen and silk shirts, silk/cashmere sweater vests, T-shirts, and hats.

Boston Rags, like Mark Zap's, decided to carry a line of clothing that is a "more simple" but still gives off "a chameleon type of feel" in which "it can fit into any type of setting—not too bright or loud." According to Mark Zap this type of urban wear has projected sales in the range of $15 million to $18 million depending on store size. New growth developments in the urban wear industry have made obtaining the clothing much more simple and easy. This clothing can also be sold at festivals and fashion shows.

Boston Rags's inventory tracking system will tell Boston Rags's management what merchandise is in stock, what is on order, when it will arrive, and what was sold. With such a system Boston Rags can plan purchases more intelligently and quickly recognize the fast moving items we need to reorder and the slow moving items we should markdown or specially promote.

We will control inventory right at the cash register with our point-of-sale (POS) software and equipment. Our POS software records each sale when it happens, so inventory records are always up-to-date. We will get more information about the sale than we would gather with a manual system. By running reports based on this information, we will be able to make better decisions.

Our POS equipment includes electronic cash drawers, bar-code scanners, credit card readers, and receipt printers. Our POS software package includes integrated accounting modules, including general ledger, accounts receivable, accounts payable, purchasing, and inventory control systems. In essence, our POS system is an all-in-one way to keep track of our business cash flow. The reporting capabilities of our POS programs include sales, costs, and profits by salesperson or by category for the day, month, and year-to-date.

We will count our inventory once every two weeks (the count cycle). Processing paperwork and placing orders with our vendors will take two weeks (the order cycle). The order will take two weeks to get to us (delivery cycle). Therefore, we will need six weeks worth of inventory from the first day of the count cycle to stay in operation until our merchandise arrives. We will have on hand a six-week supply of inventory and turn it over 8 times a year. According to Retail in Detail by Ronald L. Bond, "estimating sales for a new retail store is very difficult, and loaded with uncertainties." Bond suggests the retailer start with a range from $75 to $200 per square foot per year. We will use the very conservative figure of $75 per square foot per year, similar to Ventures in Boston, Massachusetts.

For inventory valuation we will use the Last In, First Out (LIFO) method. We will sell the most recently purchased inventory first. This method will also help us pay less in taxes.

Our inventory control system will tell us when to buy replacement inventory, what to buy, what not to buy, and how much to buy.

Suppliers will be independent craftspeople, import sources, distributors, and manufacturers. We have established a list of possible suppliers and requested quotes, prices, available discounts, and delivery terms. We have also asked them for customer references. We will also try and establish accounts with these suppliers prior to opening our store.

Consumer expenditures for retail sales rose to $1,139,457 in Hartford, Connecticut, and to $5,842,488 in Hartford County in 1999.

The continuous formation of new musical groups that wear urban clothing helps fuel our business, as does our free music CD store giveaways.

Market Segmentation

According to the Hartford Chamber of Commerce, there are approximately 150,000 males and 165,000 females in Hartford County, totaling 315,000 people. Of those 315,000 people, 186,000 are between the ages of 18 and 54 years of age. Seventy-six percent of the 315, 000 people have a household income of more than $15,000. Boston Rags's target market is men and women between the ages of 18 and 54 with a household income of $15,000 or more.

Target Market and Program Strategies

Near the business thoroughfare is a new residential subdivision under development, where houses are priced at $100,000 and above. Also in the area is the campus of Central Connecticut State University, and downtown Hartford, all which serve Boston Rags's potential customers. Boston Rags's customers are employed men and women, between the ages of 18 to 54 years old with a household medium income of $32,000 and above.

We will use flyers and other literature to act as our representative. Here are some of our marketing programs and strategies:

Designing good ad copy to reach our customers.

• Choose the proper publication
• Have a goal for our advertisement
• Involve the audience
• Inform the buyer
• Headline and illustrations grab attention
• Give them something
• Always be specific
• Make our offer a good one
• Be creative in our media choices—such as unusual avenues like—fax newsletters, mall kiosks, fax-on-demand, publicity stunts, online marketing, anything unusual to reach our target market
• Small classified ads
• Track our results
• Keep all our customers/prospects in a database and stay in touch with them regularly
• Gradually increase the size of our ad and tract the results
• Advertise regularly and consistently
• Evaluate our efforts

Customer loyalty is much more important to Boston Rags than customer satisfaction. We will serve our customers so well they will brag about Boston Rags to others. This will keep them loyal, and also provide a continual flow of customers. We will maintain our customers' happiness by using our Self-Evaluation Program.

Self-Evaluation Program asks the following questions:

• Are Boston Rags's products the best they can be?
• Is the appearance of our cashiers, managers, business surroundings, and appearance of our store professional?
• Can we clearly describe our business in 25 words or less? Can our customers describe our business in 25 words or less?
• Do our customers know about all of our products and services?
• Do we have a well-developed marketing plan that we follow on a consistent basis?
• What if our marketing plans work? Will we be able to handle the increased volume of sales without harming our customers or the quality of our work product?
• Do we treat others with honesty and respect at all times?

Advertising and Promotional Strategy

Boston Rags will try out our promotion on a small portion of our target audience before we roll out the promotion to the rest of the target market. Our tests will include variation on our basic offer, on the text or composition of our message, and on our presentation. The benefits from testing will provide to us early feedback on the response rates and margins used in our break-even calculations for that particular promotion. Testing will also help us roll out successful ideas and omit the not-so-successful ones.

With our promotions we will compare results, analyze, track responses, and measure profitability to insure our promotions are profitable.

Our advertising budget will be equal to 2 or 3 percent of our projected gross sales which averages out to be $5,627 or $457 a month after initial start-up. The budget will be based on the cost method which theorizes that an advertiser can't afford to spend more than he or she has. We will increase this amount for our grand opening.

We have taken the following steps to insure our dollars will be wisely spent on advertising.

• Established our target market by asking ourselves who our customers are and therefore whom we want to reach with our advertising.
• Setting a rough budget for broadcast advertising.
• Contacted sales managers at TV and radio stations in our area and arrange to have a salesperson visit us.
• Talked to other business people in our area about their experiences with broadcast advertising.
• Asked about the "audience delivery" of the available spots.
• Inquired about the production of our commercial.

We then compared various proposals and looked at the cost per thousands and negotiated the most attractive deal based on which outlet offers the most cost-effective way of reaching our audience. We will also buy time well in advance to lower the cost.

Our direct mail campaign will begin by getting our name on as many mailing lists as possible. We will then take note of our reaction to each piece of mail we receive and save the ones that communicate most effectively, noticing the colors, key words, and types of inserts that can be adapted to our own mailer. To get the readers involved we will include stickers that say Yes or No to be pasted on the order form. We will continue to build our direct mailing program with the resources from the Direct Marketing Association (DMA).

We plan to target our advertising to focus as narrowly as possible to the media that will reach our customers. Our customers' location, age, income, interests, and other information will be used to guide us to the right media.

Our printed ads will attract attention through a truly arresting headline and visual element. It will appeal to the reader's self-interest or announce news. It will communicate our company's unique advantage and it will prove our advantage over our competitor. Finally, it will motivate readers to take action. Our printed ads will not be a "hard sell" but it will be an all-out attempt to attract, communicate with, and motivate the reader. All of our ads will answer the customer's number one question: "What is in it for me?"

Our radio and television ads will deliver our message to more customers than any other type of ad campaign. We have a clear understanding of our market so the money spent on broadcast advertising isn't wasted.

For television ads, we will stick to 30-second spots which are standard in the industry. We understand that generally rates vary widely during the first quarter of the year, and sometimes during the third quarter or late in the fourth quarter, which are traditionally slow seasons for many businesses. We will try to avoid paying full rates during the rest of the year or during popular shows or prime time. We will also stretch our dollar by bartering our products for air time.

Our other methods of marketing will include direct mail, encompassing a wide variety of marketing materials, including brochures, catalogs, postcards, newsletters, and sales letters.

Point-of-Purchase (POP) advertising appears in various forms inside our retail store. It is designed to influence the buying behavior of our customers. POP advertising may take many forms in our store, each bearing a sales message. Here are a few examples:

• Counter cards and displays
• Window displays
• Floor stands and cutouts
• Animated displays run by electricity
• Pennants, banners, plaques, streamers

Industry Analysis and Trends

According to the 1994 U.S. Industrial Outlook stores selling mostly nondurables accounted for nearly 64 percent total retail sales, with 1993 revenues topping 1.3 trillion, up 5.7 percent over 1992. Sales of durable goods totaled 757 billion in current dollars, up more than seven percent from 1992 and accounted for 36 percent of the total.

According to The Guide to Retail Business Planning retail operations in the United States generated $2.34 trillion in sales from more than 1.5 million establishments in 1995. From 1994 to 1995 the sector as a whole grew at a rate of approximately 5 percent and represents the second-largest industry in our economy after the service industry.

Retailing has experienced more changes during the past decade than it did in the preceding generations. Although one can argue that retailing is still a domain of small businesses (that is, approximately 75 percent of all retail stores have annual sales of less than $1 million), in recent years slightly more than 80 percent of all sales were generated by stores with sales above $1 million. In addition, the growth of discount retailers has increased at a rate, some experts claim, three times that of the industry. This is due primarily to companies like Wal-Mart (which has been credited with creating one out of every 16 new jobs in the United States in 1994) and to an increase in wholesale membership clubs, such as Toys "R" Us and Circuit City.

Retail customers of the 1990s are significantly different from retail customers of a decade ago, and retail strategies need to be reassessed in view of the changing demographics and new buying patterns.

Competition and Buying Patterns

Boston Rags is located on a strip that includes a variety of businesses, but none of which create any competition. Traffic is moderate to heavy, especially near the lunch and dinner hours. The closest competing urban wear store is at least 20 miles away, located in the Hartford Valley Mall. There are no other urban wear stores in the direct vicinity of Boston Rags's location.

According to the Arbitron, Spring 2000, U.S. Dept. of Labor, Bureau of Labor Statistics, Consumer Expenditure Survey, 1998, Hartford County and surrounding areas spend in the following patterns:

Women's and Girls' Clothing

• $449.4 Thousand each Month
• $103.7 Thousand each Week
• $14.8 Thousand each Day
• $1,477 each Hour (ten-hour business day)

Men's and Boys' Clothing

• $323.4 Thousand each Month
• $74.6 Thousand each Week
• $10.6 Thousand each Day
• $1063 each Hour (ten-hour business day)

The Consumer Spending Patterns Report states that the average amount spent on clothing per household is:

Boston Rags uses a strategy of total market service. Our promise is in our location and the products we sell, the people we attract, and the atmosphere we create.

We will create an atmosphere that lures the "Hardcore" urban clothing fans.

Ultimately, we aren't selling either clothing or accessories. We are selling the look. We want to be part of the activity, part of the memory, part of the tradition of dressing in the latest fashions.

Strategic Assumptions:

• Every person is a potential customer and all potential markets experience growth.
• Marketing to one segment of the population will lead to an expansion in overall market growth.

Competitive Edge

Our location is a very important competitive edge. We are there, right at the point of entering or exiting downtown Hartford. The nearest competitor is at least 20 miles away.

The other competitive edge we have developed is the atmosphere and reputation. Boston Rags will bring a part of the Boston, Massachusetts, urban clothing experience to Hartford, Connecticut. That is why we are developing our fashion shows, musical guest appearances, etc. This advantage is important to us because our prices are slightly higher than other urban wear store locations in Connecticut. We will also offer more personal attention to our customers than the larger mall retail stores. We have direct connections to one of the top urban wear retailers in Boston, Massachusetts, called Ventures.

Sales Strategy

It is the intent to start the business selling the clothing people need to create a unique image of themselves. This includes various prints, colors, and styles. To increase sales and promote Boston Rags's store, special events will be held that please people, stimulate interest, pursue leisure, involve social participation, and occur within a specific, prescribed time frame. Some of our special events will include:

• Anniversaries
• Celebrations
• Conferences
• Conventions
• Fashion Shows
• Grand Openings
• Open Houses
• Sports Shows
• Testimonials
• Trade Shows

Special events give Boston Rags powerful vehicles to promote our image, products, merchandise, services, and to generate goodwill to the public.

Boston Rags will use these special events to attract customers, sell products, earn profits, make markets aware of new developments, and make communities aware of their policies, goals, and purposes.

We will not be offering credit to our customers. We will accept checks with the assistance of a check verification company. This check verification company offers check verification and check guarantees. So, if a check has been approved by this company and it turns out to be bad, the company will reimburse us for the value of the check, eliminating our risk of getting paid.

We will accept all major credit cards. Accepting credit cards will increase the probability, speed, and size of our customers' sales. It will give us the chance to increase sales by enabling customers to make impulse buys. It will improve our cash flow because we will receive the money within a few days. It also guarantees we will be paid. All potential sales will be attended to in a timely fashion and long-term salesperson/customer relationships will be a major goal of Boston Rags.

Sales Forecast

The peaks for this type of retail business are the months of August through December where sales rise as high as $34,472 for the month of December. The valleys for this type of business are January, June, and July where sales are down as far as $7,968 for the month of January. The remaining months have an average sales of about $13,000.

During the valley periods we will concentrate on a saturation of special events and sales. We will also do holiday specials.

Projected sales based on square footage ranges from $75 to $200. We used the more conservative rate of $75. The store is 2,500 square feet, multiplied by $75 to give us a Gross Sales of $187,500 the first year and maintaining that average through the second year. There will be some cycling, but it will take some experience to ascertain it. Summer months will probably be lower than winter. Computations are base on a 100 percent markup.

Strategic Alliances

Ms. Seymour and Ms. Arbor have begun to build strategic alliances to assist them with buisiness and inventory issues. Those alliances are:

• SBA Business Information Center
• Community Capital Development Corporation
• Hartford Area Investment Fund
• BRG Sportswear, Inc.
• Wonder, Inc.
• Mark Zap Clothing, Inc.

Retailers of nondurable merchandise face a dual challenge of a slow-growing market and changes in demographics and consumer buying habits that have spawned structural changes within the industry. Boston Rags will adjust our competitive strategies to these new realities and take advantage of new marketing techniques as electronic retailing, catalog marketing, a smaller store, and improved customer service. By completing these tasks we can succeed in improving our market position in the changing retailing era of the 1990s and beyond.

The owners are injecting $18,299 of the $53,743 capital needed to start the business. Therefore, 34 percent of the risk is with the owners' money. In the event of business failure it is estimated that the owners' assets and current income would produce the $35,444 needed to repay the loan.

Ms. Arbor has over seven years of experience in retail sales and over five years of managerial experience. She has held positions of responsibility which required meeting company objectives. She receives a sufficient salary from her current job to support her during the incubation period of her business. She will oversee the store on a daily basis. She, along with co-owner Ms. Seymour, will hire two staff persons to work full-time in the store. One person will be responsible for operating the cash register and loss prevention. The other person will be responsible for customer service and inventory control. Ms. Seymour will oversee day-today operations along with Ms. Arbor.

Both owners believe very strongly that relationships should be forthright, work should be structured with enough room for creativity, and pay should commensurate with the amount and quality of work completed. No person is better than another, except in ability, knowledge, and experience.

Personnel Plan

Boston Rags understands the impact hiring and managing our store's staff will have on our business success. Therefore, we have taken the time to make sure all those overseeing the store and those working directly in the store have the qualifications needed to help build our professional image.

It is the intent for the owners to be the key manpower in starting this business. They will be assisted by two full-time employees during certain hours. Employee resources include the local University and Career Alliance. Employee's age is not a factor unless they are under 18, they then would need a worker's permit.

The following two employees will be hired:

The Sales Clerk/Loss Prevention Manager will be Moira Rye. Moira has seven years of retail management experience in the area of cashier and loss prevention.

The Customer Service/Inventory Control Manager will be Rhonda Small. Rhonda has nine years of experience in the area of customer service and inventory control.

Both of these employees have an exceptionally high level of retail experience and professionalism needed to deliver excellent customer service for our customers and management of our store.

Our financial plan anticipates the following:

• Growth will be moderate, cash flows steady
• Marketing will remain below 15 percent of sales
• The company will invest residual profits into financial markets and not company expansion (unless absolutely necessary)

Important Assumptions

Our financial plan depends on important assumptions, most of which are shown in the following table as annual assumptions.

Some of the more important underlying assumptions are:

• We assume a strong economy, without major recession
• We assume, of course, that there are no unforeseen changes in the use of clothing which will make the need for clothing obsolete

General Assumptions

Break-even Analysis

A break-even analysis table has been completed on the basis of average costs/prices. With fixed costs of $7,059, $50 in an average sale, and $10 in average variable costs, we need $8,824 per month to break even.

Projected Profit and Loss

Boston Rags will have a profit-to-sales ratio of just over 27 percent. Normally, a start-up concern will operate with negative profits through the first two years. We will avoid that kind of operating loss by knowing our competitors and our target markets.

Projected Cash Flow

We are positioning ourselves in the market as a medium risk concern with steady cash flows. Accounts payable is paid at the end of each month while sales are in cash and credit cards, giving Boston Rags an excellent cash structure. Intelligent marketing will secure a cash balance of $ 77,443 by 2001.

Projected Balance Sheet

All of our tables will be updated monthly to reflect past performance and future assumptions. Future assumptions will not be based on past performance but rather on economic cycle activity, regional industry strength, and future cash flow possibilities. We expect solid growth in net worth beyond the year 2002.

Business Ratios

The following table shows the projected ratios. We expect to maintain healthy ratios for profitability, risk and return.

Profit and Loss (Income Statement)

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20 Small Business Ideas in the Philippines for 2020

Making a living in the Philippines  can be hard if you are only looking in one direction, and that is, employment. With so much unemployed people in this country, and the age factor, its getting harder and harder to get employed. There are also very few industries in this country and so many new graduates that are seeking employment and most of them end up on the job they don’t like. Most of them end up in supermarkets and department stores as shelf stacker and cashiers, some are call centers agents and fast food crew. If you are an OFW, it’s a fact that working abroad is not permanent and unless you plan to migrate to that country, like for example, in Canada a promise land to many Filipinos and where many have already migrated to escape poverty in this country, you should also be thinking on how to invest your hard earned money through a business.

I’m not saying that creating a business is a sure way to earn a living. There is a blog I read encouraging people to create a business and be an entrepreneur and not telling the truth about the hardships and uncertainty on creating a business. What I can say is, it is a gamble and you are not sure if you will succeed or not. The fact is, 9 out of 10 businesses fail. But on the contrary, if you are courageous enough, has lots of confidence, passion and optimism to succeed, here are the 20 businesses ideas you can choose:

1) Online affiliate marketing – do you wonder why there are many websites and blogs on the internet? why are they making personal websites or blogs? do they make them all for passion or hobby? I admit that many started making website and blog because they do it for passion but some people dream of making it big someday. If you are a blogger and only using free hosting sites like Blogger.com or WordPress.com, you might not think of any monetary gain because blogging is free. But if you are paying for the hosting and have your own domain name registered with a annual fee, then you might as well think on how to earn money through your blog to pay for the expenses. The most common method of earning money through websites or blog is affiliate marketing. You promote other people’s product or services and you will be paid a percentage of the sales made through your blog or website. The more visitors a blog has, the more chances of earning money. There are also other ways you can use to gain traffic or visitors without having any websites or blogs. You can use social networking sites such as facebook to promote any of your products you want to sell or other people’s products and gain commissions.

2) Online selling business  – online selling doesn’t require anyone to be a computer geek in order to sell online. There are many online classified ads and auction sites that you can use for free. The most popular are eBay Philippines and  olx.ph (before it is sulit.com.ph). You can also create an online shop for free and multiply.com is the choice of many Filipino online sellers before. But now multiply.com closed down. There is no need to create an eCommerce site to set up you own online shop because there are many websites that offer free posting of your items for sale like websites I’ve mentioned before. But if you are really serious and have the technical know-how of setting up an eCommerce website, then that is the best. You can also hire web developers if you have that budget for it. But still, it is necessary for you to know the technical details specially if you are in a bootstrap.

3) Aerial Photography –  if you love taking photos, why not level up to a professional level and invest a DSLR camera? a good training is also required and of course a talent for taking good shots. There are various ways this business can offer services. On wedding, birthdays, anniversaries and other unforgettable occasions. You will also need a computer and a photo editing software  to enhance the photos you created. And if you really want to level up to the highest level, why not try aerial photography? Technology has brought down the technicalities and expenses of aerial photography. You don’t need to hire a real airplane or helicopter to accomplish the task that requires hundreds of thousands of pesos just to take an aerial shot. You know how expensive it is to hire a real aircraft. But as I’ve said, technology has made it possible to bring down the cost. The answer to that are radio controlled airplanes, helicopters and quadcopters. Cameras are mounted to those R/C aircraft to take aerial shots. R/C helicopters makes a precise aerial shots than airplanes but the best R/C aircraft to take aerial photos or videos are quadcopters and multirotor copters. A more advance type of helicopter with four or more propellers. They are more easy to fly and stable than RC helicopters so taking aerial photos or videos is much more precise. Sometimes quadcopters are called drones but quadcopters are not drones if they don’t have a camera attached to it and a monitor for you to view the scenery. Drones are actually unmanned aerial vehicle. You are piloting the vehicle remotely as in you are in a cockpit. But before you enter in that profession, you need to know photography and flying those drones. I recommend buying a small cheaper drone for you to practice flying and taking aerial shots before buying an expensive professional drone.

4) Rice retailing business – since rice is our staple diet and a necessity, it is hard to think even one Filipino will not buy rice. Every Filipino eats rice unless you are born and living in Canada or USA, your staple diet is bread. Or if you live in the remote province where people can’t afford rice and makes sweet potatoes, corn or cassava as their staple diet. Starting this business does not require a lot of capital and a minimum of 30k is enough but some rice sellers advise that a capital of 60k is the minimum to make the business profitable. Aside from getting a business permit, you also need to secure licences in DTI for single proprietorship or SEC for partnership or corporation and also a licence from NFA.

5) Pandesal making business – or should I say set up a bakery business but what I have in mind is selling only pandesal. So why pandesal only? Pandesal is a common bread eaten at breakfast and it is second to rice which is a staple diet. It can be also eaten as merienda or snacks. You don’t need to learn baking various bread and cakes on a bakery you will set-up so you can concentrate on one product. But just be sure your pandesal is quality bread and not selling it just for profit because it is the taste and quality people are after. I have a neighbor whom I bought pandesal in the morning every other day and I asked his helper how many pandesal they sold every morning, he said 1,000 to 4,000 pcs.

6) Street food business – Isaw or grilled intestines is the most popular street food among Filipinos. There are also many kinds of street food business that are popular. Fish ball, kikiam, cheese sticks, squid balls and chicken balls that you can buy in small packs ready to fry. There are also other street food business that you have to process your self before grilling on charcoal like the pig intestine or isaw , chicken intestine or IUD , pig ears or walkman , pork blood or betamax , chicken head or helmet  and chicken feet or adidas . Kwek kwek and tokneneng are also very popular. These are shelled boiled eggs and coated with flour batter mixture and then fried. The only difference between the two are kwek kwek is quail eggs where tokneneng is duck egg or chicken egg.

7) Meat shop business – meat shops are common in wet markets. You can set up a meat shop business there side by side with other many meat shop owners but what I have in mind is setting it up away from the wet market where there is less competition. You can put it where there is no meat shop existing in the place but be sure the location has enough foot traffic.

8) Tarpaulin printing business  – there is a good market for this business and there are various ways a printed tarpaulin can do. One very popular application is on food carts. Printed graphics on tarpaulin is very attractive and it is tough too. On other occasions like birthdays, anniversary and even on a funeral tarpaulin is used. political candidates on local and national election also used printed tarpaulin on their campaign.

9) CAD plotting business  – this is a very specialized business and only caters to architects and engineers. A plotter is very similar to a printer and the only difference is a printer can only print letter size or A4 size papers whereas a plotter can print very large paper size. It plots designs and drawings made by an architect or engineer on a drafting paper where sizes range from a very small 9 x 12 inches to 36 x 48 inches.

10) Ukay-Ukay business – for those not familiar with this business, it is selling used clothing. The used clothes are imported from other countries. Some of the clothes are overrun (still brand new but didn’t pass the export standard) but still good. The reason why many Filipinos patronize it is because of the cheap price. It only cost a fraction compared when buying in department stores or boutique.

11) Food Cart business  – many Filipinos are very interested going into this business and most of them, when they hear or see a food cart, what they have in mind is “franchising”. But come to think of it, why will you franchise a food cart that is not well known or never heard of? Many people have the wrong perception of food cart business so many food cart fabricators victimize innocent people telling them to franchise their food cart for a very low price with no royalty fee but their food cart are not popular or well known. So you will end up selling their product which they have sold you at a higher price. You are literally selling their product, you are now their salesman and not a business owner and you will have to pay their franchise fee. But on the contrary, if you plan to have food cart business and cannot afford a well known brand with a pricey franchise fee, you can set-up your own food cart and your own brand by contacting a food cart fabricator. Just be careful not to contact those who sell franchised food carts, only those fabricators who makes made-to-order food carts. Who knows, if ever your business became popular someday, you will become a franchisor to many people who wants to franchise your business.

12) Tiangge – a small rented space and seller usually sells dry goods. This is not new and the word “tiangge” is just our local term of the English word “Flea Market”. The reason why it is very popular among Filipinos is because of the very cheap price of the items sold and it was already stereotyped as “cheap items”. The usual place you can see them are parking lots or malls.

13) Cellphone loading business – the good thing about this business is you can start with a small capital. The reason why is because of the recent technology of eloading, a universal type of loading where you can sell load on all telecom networks including prepaid game cards. There is one universal loading I know, the Vmobile Technologies load E extreme that you can try. Unlike if you want to be a direct reseller of big telecom companies like Smart, Globe or Sun Cellular, you need a big capital and to start an eloading business.

14)  Shoe and bag repair business  – there are tons of replica shoes and bags coming from China, and because of the cheap price, almost everyone can afford replica designer bags in the fraction of the price of the original. But because of the poor quality, these products are easily damaged and it is a waste of money if they will throw it away. So the easy option is to go to a repair shop.

15) Laundry and dry cleaning business  – sometimes is it more practical to get the service of a laundry shop than hiring a laundry maid to get the job done specially if you only have few clothes. There are also some clothes or comforter that cannot be washed with an ordinary washing machine and if the clothes or bed sheets need to be dry cleaned, you certainly need a laundry shop.

16) Barber shop or Beauty Parlor business  – although you can live without having a haircut, and if you plan to become a hermit, a bum or just a hippie or live under a rock for the rest of your life you don’t need a barber or a beautician. A good reason why it is a good business is because people needs a haircut every 1 to 2 months to look good and be comfortable. As for me, although I’m not vain or very conscious on my hairstyle, I’m not comfortable if I will not  go to a barber shop at least every 2  months. I admit that there are lots of barber shops and beauty parlor sprouting every where and there are lots of competition already but since this type of service is a necessity and consumable, there are still many customers who needs this service.

17) Selling native delicacies – there are many kinds native delicacies you can sell and the amazing part is many Filipinos love to eat kakanin. Some of the kakanin or native delicacies are suman sa ibos, puto, cuchinta, bibingka, halaya , sapin-sapin, biko and maja blanca. The only disadvantage of this business is the goods are perishable and the kakanin should be sold within the day. Some native delicacies have longer shelf life like barquillos, piaya, otap, puto seko and other dried goods.

18) Personalized T-shirt printing –  I saw this business in a mall and it’s doing great because I see many customers availing of the service. Technology made it possible to make personalized t-shirt printing in a few minutes. You only need a computer, Adobe Photoshop and a t-shirt transfer paper and presto! you already have a t-shirt printing business.

19) Selling washing machine and electric fan parts  – these two appliances are the most basic thing a human being, or more specifically a Pinoy needs to live more comfortably. Since we live in a tropical country, the temperature is very warm and electric fan is the only choice for most of us. And for washing our clothes, we need a washing machine.

20) Health and wellness products -these products are quite common and many companies are jumping into this kind of business. The reason is people nowadays because of the modern lifestyle are prone to stress. Most of the jobs today are very demanding both physically and mentally. That is because of the technology. It is ironic to think that we invent computers and robots to serve humanity but what is happening now is we are competing with each other in order to bring more new technologies. For example, since the invention of the internet, call centers sprouted almost every where in our country to outsource the industrialized countries for them to get cheap labor. But since our time zones are different from theirs, we have to work on night shifts all the time. So call center agents are exposed to numerous illnesses like hypertension and obesity. Most young adults today have hypertension because of the new lifestyles not only in call centers but other online jobs or career or just even entertainment and pleasure brought by the new technologies. People now are also becoming lazy to cook their own healthy food and turn to fast foods all the time. Which in turn produces many kinds of diseases due to being overweight.  Year after year the demand of wellness products will rise. Another example is the factories that are built to produce the new gadgets and products for the new technologies. If you only know how polluted is in China now that people near the industrial zones have to wear filter mask or pollution mask just to breath clean air.

Hoping that the business ideas I’ve shared has helped you decide on what business to start this coming year. Please also share this on other social networking sites like Facebook, Twitter or Google Plus.

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Comments (265)

magkano ba puhunan o capital sa pandesal baking business?

Start a business too. I got my capital at JCT EZ Loan. Find them in FB or Google.

Hi I am planning to start up retailing rice and store home base what I needed and also the capital if I do all by myself like licence glass dispenser weight and so on, what if it’s not a retailer? what will be the process if it is for those who wants to be a distributor? do they need to put up a store before hand or as it is a start up, can it be our house as the business location? Thank you in advance. could you please help me how to start this retailing rice home base and who to trust the rice distributors lots of scammer around and I don’t want to happen to me this is a start up home business rice retailing someone can help me and guide me step by step with using any franchiser. Iam from Binangonan Rizal area. thank you my email address is [email protected]

Hello Manny, I am interested in Health & wellness or Barber Shop. But I am not familiar with these. Kindly help me with these? Do you know someone who can help? Here is my cell #: 09175144757. Thanks Jim

Good day, I am a young aspiring entrepreneur. I have an online business before selling RTW , men’s shoes and assorted stuff. I would like to ask if what are the best way to maintain and sustain your business? I have been searching about different unique items but I dont know if would be sellable and I am afraid that my items wouldnt be sold.Right now, I am planning to use my credit card to start up a business. I am hopeful that you will be able to help me. thank you and God bless. Please email me [email protected] .

Hi Roxanne, I’m interested in online business, can you help and teach how to do it. My email address: [email protected] CP# 09279477333 Thank you.

Hi, I am inquiring and interested for the CAD Potting Business, please send me more information of the opportunity. Thank you

Hello.. I am planning to put up my online business again. However, there are a lot of competitors already. Any idea what is a good thing to sell aside from RTW? And does anyone here offers consignment? please email me [email protected]

am roma, isa akong ofw..gusto ko sana mag negosyo ng processed food..ang location ko po sa pinas ay sa norzagaray bulacan.

my email: [email protected]

Salamat po..

If you want an ukay ukay business or any baguio city products, benguet coffee, native jams, soya coffee and more u cn c0ntact me @ 09355092974

HI Roxanne, Gusto ko po magtayo online business .pls. send me the details of the buisness, my emaill add is: [email protected]

hi all, I’m planning to build rice retailing business in Calinan, Davao City..I would like to ask your ideas and advices how to start this business po. kailangan ko rin po rice suppliers..

pls drop your message: [email protected]

I can be a supplier of rice when you start rice business

Wow! This has to be one of the most active blogs for businesses i have seen in a while. The creators are very responsive. Anyway, thanks for sharing this ideas. With the tech advancement you can virtually operate a business in your house. I have been connected with a lot of businesses listed in here, I have made a lot from them and I can say there is still untapped market for these.

Hi to all Filipino Entrepreneurs,

I plan to set up a rice retailing business. Kaso wala akong contact ng mga rice suppliers. I’m from Nueva Ecija and Marikina.

my email is [email protected]

Hi, I just wanna ask po if anong magandang business for beginners. I’m just 22 years old but I want to have my own business na papatok.

Where can I buy used clothes if I like to sell ukay ukay in Narvacan, Ilocos Sur?

Hi Manny, thanks for sharing. I keep on looking for an answer, my daughter has a drugstore and i am planning to set up a business beside her.However, my passion is baking and i intend to set up baking supplies while receiving orders of bake goods for parties. my question is do you have any idea how much capital do i need in opening a small baking supplies like ingredients and tools? beside a drugstore, do you think it will click? since i am an OFW and currently working abroad, hiring a saleslady with my daughters guidance and monitoring is ok? i want to see the outcome or result before i finally decide to go home for good and just manage my own business.

Hi Louie, I’m afraid to say I don’t have an idea about amount of the capital you will need to set up a bakery business. But you will know it if you already know what equipment and supplies you will need and finding out how much they cost. And about putting it beside a drugstore, it will also depend if the place has many people passing by or there are no or few competitions.

Hello everyone. I am from Bulacan. I want to know suppliers for school and office supplies for my planned business. Thanks for your help.

[email protected]

I want to start a rice retailing business. I am from Bulacan. Can you share with me contact numbers of dependable suppliers? How much is the initial investment capital and ROI. Thank you.

Hi, this is the 1st time that I will open a business.I would like to put up a small sari- sari store in front of our house.Are there any suggestions or advice of what would be the initial inventory that i would need for my store? My initial capital would be 15- 20k. My email add is [email protected] . Thank you.

Hi I am a Singaporean, and would like to start a small biz in selling clothes for ladies and Children clothes , This I would like at a Mall like in SM or Ayala in Cebu. What will be my start up cost

Hi Terence , I’m currently residing in Sg ..I’m Filipina married to Chinese local .. Maybe we can discuss some ideas about doing business in Philippines ? I’m planning to set up a business there and looking for a partner … I believe in teamwork !

I am actually looking for a partner, a trading business of disposables and other consumable items, got suppliers direct from factories.

What kind of consumable items?

Hi, are you still looking for a partner? if yes, where are you located? and you may send me details to my e mail: [email protected] . thx

Hi Terence..I am also here in Singapore and currently in the implementation stage of a business plan for a dialysis center in Davao, I already have an investor on hand but if you wish to know more about it..please feel free to reach me at my email [email protected] . I would be able to share with you other business options.

Hi, I want to buy and sell online. and I also want to start to sell meryenda foods at home like siomai, burgers etc. where can I get a very cheap but quality products for this business. While on online selling, san po ba pwede kumuha ng suppliers na oorder lng ako if may order din saken para naman di ako hirap o need mag stock ng items. Thanks in advance. Here is my email [email protected]

We started our own ihaw ihaw business for months now and here are a few of our findings:

1. Prices Matter – If you are in a residential area, make sure that your price competes well against other vendors. Does not mean you have to price lower, but you have to justify your price according to how big your skewers are.

2. Variety – You cannot just rely on the good old fashioned BBQ, Isaw, and Betamax alone. They are good sellers, but customers will try anything new that you offer. We tried offering small servings of chicken teriyaki and they became one of our huge sellers.

3. Offer something different – everyone can sell barbecues, but most of them will have the same taste. Do not rely on your “sawsawan” alone to have an edge, offer something different. We put in a special sauce in our skewers and they became the talk of the area, and customers started buying a minimum of 4 bbq sticks at a time.

4. Practice cleanliness – Strict rule is to do not allow double dipping in vinegar dips. Also do not rely on markets to clean the isaw for you. We still clean them up after buying stocks and our vinegar is replaced with new ones after 2 days. It somewhat hurts a bit on your expenses but it shows that you care for your customers’ health.

Hope that helps!

Hi! Thank you for this comment 🙂

How much does it cost you to set up this business? I’m also interested!

Where is the ‘Like’ button??? 🙂

Hi good day to all. I am john from dumaguete negros oriental. Gusto ko po sana mag-open nang electrical supply sa dumaguete. Ok ba na business ito? Magkano ang kailangan na capital dito? At saan tayo pwede makakuha ang murang supply? Please help. Salamat.

anybody else where who would like to start computer shop? cguro minimum of 20 computers or more, Ive been dreaming to start this business, would like to have good and efficient business partner if possible. Can you give me any tips or ideas if you happen to know any. Thanks so much

Good day ! Im also looking a good business partner to start a business of computershop . May i know what location do you lived ?

hi! im planning to start ukay ukay business.. how can i get this ukay ukay business? where can i get the items near here in tandag? how much po ang kailangan para mag start ng ukay ukay po? really need your reply asap… thanks and God bless.

Hi meron po ako mga ilang imported shoes and bags binebenta ko po as bundle price and some slightly used gowns if interested po kayo bilhin good as new po.

Hi I am beginning to start my poultry business and I am willing to be a wholesaler of live chickens. If you want to do business with me please reach me at 09501290777. Im in North Caloocan preferrably I would like to enter the Bulacan and Quezon City Markets.

Hi. I’m interested. Kindly send me details at [email protected] . Thanks

Pls email me at [email protected]

hi interested to buy wholesaler chicken. please send me details.

Hi good evening this is a wholechicken ? Sir how much could it be i am planning to sell a lechon chicken at my place. Thank you

Hi everyone. I would like to start a rice retail shop in cavite. Can anyone point me to a supplier. [email protected]

God bless you all

I’m from Cuyapo, Nueva Ecija. Whoever wants to sell monggo beans, we can supply as long as within the area. For rice, unfortunately, it’s only seasonal. Normally during months of October-January only. We also have mango if it’s in season. Just send me a message at [email protected] .

Hi everyone, paano po kya mag start ng electric fan at washing machine spare parts magkano kaya ang starting capital?

Hi I’m Bhelle

May I know if were to get or whom should i coordinate with to a supplier for RTW for online shopping business. I want to start online business since I have already the e-loading business. You may reach me or send me an e-mail @ [email protected] .

tnx for this very informative blog…

hello there we have a stall in divisoria and i can supply rtw for ur online biz.. here is my contact no. 09778465062

Hi Mam do you accept consigment basis for ur rtw biz? Thanks.

Hello. Do you have an email po? Kindly send me details po sana about your rtw products. You can send it at [email protected] . Thanks

hi Efrilyn… can we talk on email…here’s my address… [email protected] [email protected] … I’m planning to start a mini boutique and I will be needing a supplier…thanks

Hi ms efrilyn….ask k lng po kng pwede po b consignment basis for rtw business po..

Hi gusto ko din sana mag try na rtw.. i need a supplier

Plano ko po mag business ng vape shop/electronic cigarettes. Any idea how much the capital for this business? And how to get supplies for this business.

Hi Tony, as of the moment I have no idea how much it will cost. The best thing to do is asking those vape shop owners how much it will cost to start that business and where to get the supplies. You could also search google on the suppliers of vaping products.

Hi manny, im doris and planning to franchise one of the packages of expressway and the online travel business. they have both requiring a franchise fee. Plaase help me to decide if these businesses will gain profit? Im planning also to attend a money changing and pawnshop business. Do you think these will add learning to someone who is trying to have one? thank you and looking forward to your reply.

Hi doris, you posted a year ago, im intersted in that nature of business as well, just want to ask how is it going? Im planning to have one. Thank you

I am justine from Davao City.saan po makakuha ng supplier ng ukay-ukay to start a small business.At magkano po ang kailangan pangcapital?

Hello Justine I have in Cebu to suppy you a bundle of ukay..email [email protected]

Pwede po ba mahingi ang number kasi may plan po ako mag ukay-ukay

Hi Christine,

We can supply you a bundle of ukay, branded from US.

email me if you are interested [email protected]

How much per bundle ?

can I have number pls

any suggestion kung ano magandang negosyo sa davao. email nyo po ako [email protected]

Kung meron about construction related or woodworks mas ok po

I have a landline, an internet connection, laptop, and 20k starting capital. I want to do business online but honestly I didn’t know how or where to start, especially when it comes to payment and shipping. I would appreciate if someone can help me po, salamat. 🙂

Email me : [email protected]

hi everyone! i want to start business with 1000K php in pangasinan, any good idea will be appreciated. skype:deen.one

what about starting an internet cafe? any idea po? please email

First you need to check first if yung location mo is matao or madaming bata. I had a computer shop business for almost 2years and still running. Then canvas for computer unit na hnd totally high end pero dapat pang gaming PC para mahikayat ang mga bata.

Hi john, I’m planning to open an internet café Sa Molino 2, I would like to ask you about it and here are my question; 1. Walang PLDTDSL Sa area anong interprovider ma-advise mo? 2. Nag Punta ko Sa Gilmore IT center Yung mega show offers me diskless or with disk internet café? alin dito nag mas ok? 3. And offer nila for the installation service 5K pesos includes wiring Ng cables, OS, windows, games, timer. Ano ma advice mo Para makamura ko pero good performance. 4. Do I need to get a license windows and office or pirated from the technician? 5. Ok naba and AMD A6 units Para sa gaming work station? 6. ano ang mas ok Na network hub for 10units?

Please advice and than you.

Genera – 09472765300

Hi I would like to put up a business around U belt area. My business idea is unlimited street food business since uso naman mga buffet ngayon and my target are students from U belt na mahilig sa street foods. I want to ask if anyone may alam ng magandang location around that area. Kindly email me at [email protected] . Also looking for street food suppliers like fishball, siomai, kikiam etc.

Anyone interested in Siomai and Siopao business? You may send an email to [email protected] or call 431-7993 and look for Jheron. Thanks!

I’m interested in online business, first option to sell are RTW and overruns. Looking for very affordable suppliers, please send me an email [email protected]

Hi, nagttry ako magstart ngaun ng egg dealership business. So far, ang mga bagay na mahirap na pinagddaanan ko eto kaht may capital na ako:

1. Transportation – Kase from farm, I have to find e very efficient way paano ko makkuha yung eggs papunta sa stirage ko. Eto din yung current problem ko lalo wala ako truck or ssakyan personally na available, may Owner type jeep man kmi pero since malayo ang farm hindi pwede. Mahal din ang mag rent na nakkita ko sa net. So now, I’m still stuck on this issue.

2. Egg Trays – Pero as of today, solve ko na yung issue na to xe nakabili na ako ng mukha namang matibay na trays.

3. Clients – Nung una, ang hirap mag-alok lalo na makakaharap mo e yung mga mayayabang kausap na tao. Pero so far, d ko naman issue yun xe may experience naman ako sa pakikipag usap sa tao.

4. Shelf Life ng Eggs – Kelangan xe talaga well ventilated yung storage ng itlog else madaling masira at ending may perang mawawala sa yo. Also, monitoring ang pinaka importante din para alam mo kung anu unang ilalabas sa bentahan ng hindi ka nabubugukan.

5. Accounting – Last man eto pero eto ang pinaka importante sa lahat. Eto kase yung reason bakit tayo nag nenegosyo or namumuhunan – para KUMITA.

*Sa ngayon, sana may makatulong sa akin, at hindi manloloko, kung panu ko masosolusyonan yung problema ko sa Transportation.

Hi I can help you with transportation 09474267734/ I can also help you with accounting 🙂

our family business is egg dealer. maybe I can help just txt me 09057251810

I can help with the transportation of the eggs and accounting matters. Just contact me here at 09097978072.

I am selling own harvested rice. just email me

San poh location nyo? My fb account

May i know ur location sir,and also the pricen thanks

I’m interested selling rice business, gusto ko Malaman nag presto Ng mga bigas nyo kung pwede e benta at good ROI.

Gener – 09472765300 las pinas

Hi, san po ang location nyo, and kung may client po kayo sa North Caloocan baka pwede po sumabay (if ever lang) , then kung may minimum sack/s of rice po kayo na order, thankyou. 09420173109 – baka hindi ko po kasi mabasa dito yung reply nyo, thanks po ulit …..

Hi, I’m interested also in rice business, gusto ko sanang malaman about magkano / sack and nagdeliver b kayo?ty…09228902871

Checking all the above mentioned small business ideas, i came to conclude that launching just one e-commerce website is sufficient for new startups. Startups can sell anything on their website like beauty products, washing machine and electric fan parts, or anything else like grocery. There are many e-commerce platforms available online like Growcer, Yo!Kart etc that can be used to launch e-commerce website most conveniently and at low budget.

im interested starting to invest..a rice retailing in pasig city can anyone suggest me sa suppliers

Good day Sir Manny I’m OFW here in UAE and im planning to start a small business but I’m still confuse what kind of business do i try.

I’m in Gensan City Any idea is appreciated thanks!

Hi Anne, It always depends on your passion and what is popular or in demand. Just read on what I’ve written above on the blog and choose what you like. From there you will have an idea. When you start the business you will learn what to do and what things that you shouldn’t do. In short you will never know things about the business until you experience running the business. And if you don’t have the passion on the business you engaged with and if you encounter problems, then that is the end of your business.

Hi pls email regarding potential business. [email protected] …thanks

Ms. April Jay Enomar, Mam rice supplier ka? pwede ba pag usapan ang tungkol sa shipping? taga cavite ako. at yan ang target ko ang magdistribute ng bigas dito sa amin. you can send me email [email protected]

I am a resident of a barangay which the primary livelihood are working in the ricefield or farming. I would like to start a business of buying and selling palay in my home location but the problem is I have no idea how to start.I had already purchased a used weight scale and with a little amount of capital. Can you give me an idea, to whom person or department I shall proceed to give a good idea how to start it? Thanks a lot

Hi to All business enthusiast. We are supplier of buko string,matured coconut 13 per pc.,macapuno with shell 80/kilo langka (himay na) 130/kilo.price starts @ 95/kilo depends on location.we deliver minimum of 1tons. You may call 09197229381 look for Nolan or+63 928 445 0619 look for rommel..note price will change depends on market demands.thanks and enjoy the business

Hi, I’m planning for rice retailing business here in Taguig. Please send me your catalog or price list.

Hi markon ask ko lng if nkakuha ka na ng idea about s rice business. Pls share it with me. [email protected]

Who can supply soya beans????or where to buy if you have any idea.thanks

to Mang Juan.kindly call this number for inquiry (Soya Beans Supplier) 09276288232,look for Mr. Angel Pacanan.Thanks

Hello Mang Juan We can supply you a soybeans and corn as well.Please email me [email protected]

Hello, I’m interested opening a laundry/dry cleaning business in Cebu. Any advice where I should purchase the machines? And any further advice is greatly appreciated.

I can supply rice but seasonal only September – November , February – March. Please email me [email protected]

Good day sir, this is japheth . You supply rice sir,right? how about rice bran sir ? We would like to buy . Just email [email protected]

Hi, Sa SM appliance kalang Ata pwede makabili Ng washing machine for laundry business kaso problema wla warranty Yung house hold washing maching pero hung commercial at mahal Na washing machine cover Ng warranty.

Hi!i’m interesting of rice retailing i’m here in cagayn de oro plz help san mkkuha ng mgandang supplier and how much starting capital my store site inside a subdivision in iponan…

It says php30-60k is the capital to start a rice retailing bussiness

hi im planning bicycle dealer or store , saan po ako makakahu ng mga bike at mga spare parts na direct sa manufacturer, any idea pls help, thanks.

Hi all business minded.we are supplier and buko string, macapuno string and matured coconut.we can supply bulk or tons. We are from sto tomas batangas and San pablo city.you can contact +639284450619 look for rommel and 09197229381 Nolan.thanks

tanong ko lng sure bet ba ang target market if i am going to invest in beekeeping?

Ok po sana yang alok nyo, kaso malayo din kc kc samin at balak ko po sana auto supply start ako sa maliit palaki. umpisa po ako sa mg filters, oil, inetrrior, etc. tnx

Hello po, Gusto ko pong mag start ng business na auto supply. may idea po ba kayo mag kano ang minimum na pang start at supplier? may magandang location po ako tabi lang ng daan. please send me an email @ [email protected]

gusto ko po sana mag tanong kano po starting capital mag tayu ng small bike shop business.

Sa mga po gusto mag start ng bike shop. My no. 09282368261

Hi jhelly, im planning to start a bicycle parts and accesories. Im from makati. Heres my email add. [email protected] thanks!

eto po email ko [email protected] cp. 09103033704

Hi Chris here gusto ko pong mag start ng street food business kaso wala po akong supplier sana mayron pong mapgkukunaan ng siomai. at may burger stand po kami kaso walang regular supplier ng patties, french fries… dito po ako Cavite area.. mendez cavite.. tnx… sana po may supplier dito ng mga needs ko at sana affordble

Hi christian mendonez, im janice here at gen.tri cavite. I just want to offer you a proposal, if you are still need a supplier for your siomai business, burger and many more. No worries becoz we our commissary, we have quality products and have a clean factory operated since 1992. And also you may choose other food concepts if you want to add some. Pls contact me @ 0917-6396962.

Hi Ms.Janice, I’m Ivy from ILOCOS NORTE&ISABELA, Can you please send me the catalogue and pricelist of your items. email add: [email protected] many thanks, ivy

hi Janice, Sa alabang market south station Maraming supplies siopao, siomai, burger bun, patties mura din better u check mo muna.

Hi Christian Mendones, magsimula ka muna kahit sa maliit lang muna. try to check some recipes online for Burger. Marami kang recipes na makikita. We make burgers from just combining fresh ground beef with salt and peper, worchester sauce, egg, onion, garlic powder and some herbs like rosemary, basil, parsley, oregano. Then you can grill them or fry, add cheese. Sa french fries naman, get potatoes, cut them into strips, then put them in water for a little bit and let them soak, then dry the potatoes and then deep fry them. Then season them when they’re done.

Hi! We’re planning to start a rice business in cebu, can anyone tell me where can we get supply? Thank you! 09231057811

Hi I’m planning to put up a rice retailing business. Gs2 ko lng malaman cno pwed mukhang supplier near las pinas?

You want a rice supplier? Meron kaming palayan pera nasa bukidnon siya. If you want you can contact me. 09054419066. Thank you..

HI i am Anish from INDIA and want to start a car Wash business in Philippines. anyone out there please help me to and guide me know how to start.

Hi Anish, I am from Cebu and can help you with that. Please email me at [email protected] . Thank you.

hi im marychill i want to put an online business like korean dress can you help me i need a supplier..this is my email [email protected]

Hi Irish of Davao City, can i have your contact number please Im interest in rice business. hope to hear from you. thanks!

hi im jane,willing to supply u a rice for your business

irish of davao,pwd po ako mg supply ng rice sa inyo in affordable price…contact me at 09097494007/09168749911

Hi Irish.. Interested po sa rice business. Pwede po malaman San ka sa davao? Also,pwd makahingi details sa prices and anong klase ng rice snusupply nyo please.You can contact me at 09481879115. Thank you 7

hello location po for rice business nio?

Hi! We’re planning to start a rice business, can anyone tell me where can we get supply? Thank you! 09176930041

hi i’m alma i’m planning to have bussiness i’m here in riyadh …ano po b ang pede suggestion ninyo para sa akin…pano po mag online bussiness…or may pwesto ako sa pinas pede ako magtayo ng tindahan…habang and2 ako sa riyadh work… [email protected]

Hi. Online marketing is easy. All you need is fb acct to have an fb page (sort of website). Once you have it you can boost the fb page. What does boosting do, it will commercially prompt (automatic) to internet sites using FB.

im interested to it,i have fb account already,plz email me in [email protected] on how to do it..thanks

Please send me business opportunities. Distributing or retailing business.

Email me: [email protected]

hello giselle, we are selling designer scent inspired perfumes, specialty soaps, bags, perfume scented sanitizers and hand lotions. if you’re interested to be a reseller/wholesaler pls feel free to contact me through my email [email protected] or txt me 09423850797.

Hi! I’m Rolly, Im planning to have a rice retailing biz with 100k budget at Gerona, Tarlac. I need a supplier pls email me [email protected]

HI EVERYONE!!

I’M CHRISTIAN AN OFW HERE IN SAUDI ARABIA AND I’M PLANNING TO START A RICE RETAILING BUSINESS or SPORTS APPAREL (CLASS AAA), I NEED A SUPPLIER NEAR IN MY PROVINCE IN BILIRAN LEYTE, HOPE YOU CAN HELP ME REGARDING THIS AND HOW MUCH WILL BE THE NEEDED CAPITAL?

you can contact me in my email [email protected]

Hi! I saw your post here and I am also interested in making business related to sports. Have you started yours?

Hi Christian. My uncle can supply you w/ rice for your business. We’re from Leyte. If ur interested pls email me @ [email protected]

hi i am running a small business (party needs) but i am planning to add some baking needs especially cake molders and gum paste and fondant cutters any idea where can i find supplier?

though i am open to new small business opportunities too email me [email protected]

thanks Godbless

Hi, Maraming bakery supplies Sa divisoria mas pura din.

First choose rice retailing business but we need supplier to maintain my retailing what I can do in order to produce need of more advices.

Second choose I am interested of tarpaulin business, the problem where I can bye that machine which is cheapish price in the Philippines anyone can help me?

You want rice supplier? Meron akong alam from directly bulacan.pwede kita recommend.bahala na kayo mag usap.i just want to help you.thanks just email me [email protected]

Hi Christian, its also my plan to put up rice retailing business in Samar soon.

Hi Wels. My uncle can supply you w/ rice for your business. We’re from Leyte. If ur interested pls email me @ [email protected]

Hi Nolan, yung alam mo pong supplier sa Bulacan, nagdedeliver din po ba sila sa North Caloocan ? Or boundary ng North caloocan at Meycauayan Bulacan? 09420173109 –

Hi EveryOne! I am thinking of some bussines. Can u pls help me. My budget is around 150k+. I want to consider the rice store..But how I can get started.??

I will start my first bussiness in june ,Ofw po ako dto sa dubai susubukan ko yung foodcart ng Siomai house ,mabenta kc sa panlasa ng masa at kung wlang budget ang mga studyante sa murang food sila umaasa.. Any comment po or suggestion kc nkita kong papatok to lalo n sa location 260k yung franchising fee para sa foodcart ng siomai house 🙂

Hi! My I’m interested on T-shirt printing business. Anybody knows where to buy the printing machine? And other materials needed? Thanks!

Im working in a printing press here in Dubai and i know several suppliers of machines for printing t-shirt. If you are interested; i can be of help to you. Send me email at [email protected] if interested.

Marami Sa raon nyan try mo e check…ikot k Lang doon makikita mo Yung chowking malapit Marami dyan supplier o store.

Hello!:) I’m a nurse entrepreneur from Davao. I’m getting involved sa online business kasi wala pong pera na pinapalabas. All you need is to make your own business acct or khit ung personal account mo po. Look for a supplier na mapagkakatiwalaan mo tapos add many friends as you can.Upload pictures of the products tapos ikaw na bhala kung magkano ang patong mo sa mga items mo.:) Siguraduhin mo din na hindi mahal ang pagbebenta mo sa mga items pra mas mrami kang magiging buyer. Hope it help.

Paano po ba ang gagawin sa online business. Gusto ko po yan. Kasi wala pong pang start at walang maraming babayarang mga permit. Please help me po at guide.

Hi! Asking on how to do online business? I have an business opportunity you can do it online or offline..freelance business..kindly send me an email..thanks😊

Hi roxanne..! Can you email ne your business opportunity online. My email is [email protected] . thanks. Looking forward.

Hi roxan.i want online busines to.pls help my email ad [email protected]

Hi Roxanne can you please email me your proposal for online business at [email protected]

Hi Ms. Roxanne, I’m an OFW and interested on your on line business. Can you please send me any information about your business. Thank you in advance for your prompt response.

Hi Roxanne, I’m interested with online business. Pls email me at [email protected] .

Hi! Ms Roxanne I’m interested with online business. here is my email [email protected] location: Makati po

I am Interested, kindly please E-mail me on [email protected]

Hi can u please help me to start online business? ?09496163776 [email protected]

i am interested in an online business. what is your opportunity? my contact email [email protected]

Hi Roxanne, I am interested in an online business. I am from Bulacan. Please send me more details. Thank you. [email protected]

Hi Roxanne, Pls help me to start online business. Thanks!

Hi. Ive seen your msg in filentrep.com

I want to share with you a business opportunity to become a dealer/distributor of Nworld korean skin care products.  Let me know if you have time next week. our main office is in Pasig. You can do this even if your a student, employee or ofw. If interested Msg me sa skype.

Skype: robatienza27

I like that kind of business. Just need guidance on how to start/ do it.

Hi Grace! How did you find trusted suppliers? Can you recommend a few? Yun kasi ang hindi ko alam pano hanapin. Thanks in advance!

Hi Maam grace i want to involve in this kind of business but I dont know where to find a legit and trusted supplier. Can u please refer me to your business partner/supplier so that i can assure my payment too. Kindly email me at [email protected] Thanks

Do you think bayad center is good idea to franchise. To put up in the province

Ok Bayard center Kaso mahal any franchise fee nila.

Just planing to have my own business dito sa Iloilo Ukay Ukay any one can help me ..?!

hello lany, i reside both in manila and california and goes back and forth about 2-3 times a year. i plan to wholesale used stuff from u.s. to philippines to small business owners like you. probably you would want to start small and grow it. just like you i would just be starting this opportunity if there is a need for it. let me know as i could start you with what i have right now. thank you!

@ Maria hello is it possible to have your contact detail please. your Phone number or email would be great. hope to do business with you soon thanks.

Hello maria! Im currently plnning to put up a small clothing apparel, bags, jewelries, watches, etc in our province. Gusto ko sana malaman kung magkano ang magiging puhunan kung sakali na kuhanin kita as supplier? Ty! 🙂

Hi!!jasmin maybe you are interested in korean clothing,jewerly and beauty products.

Hi ella I would like to start a business korean clothing please I need a supplier

Hello Ella im interested po sa korean clothing, jewelry and beauty product, can u please emailed me at [email protected]

Hi !if u r interested of RTW from Thailand i can be ur supplier.Very affordable prices with good quality.Email me at [email protected]

hello hilda. your business interests me. can you tell me about it?

Hi..are you still supplying RTW. Please email me. [email protected]

Hello maria. Good day. I would like to know about your business. [email protected] thanks

Good day Maria.Interested about you business proposal for wholesale used stuff.kindly send details/feedbacks.thanks.

Hi Maria .I am interested on your business proposal..pls Kindly email me here [email protected] thank’s in advance .

hello maria, got your message, i am from cagayan de oro city and wanted to join you in this venture. pls message me more info. thank.

hello maria.plan ko dn po mag ukay ukay.can u send ko details about your [email protected]

Hi, I want to start online business. Kindly email me [email protected] . Thank you.

Is the offer still on?

Hi Leny, I plan to open a rental boutique, selling class A used clothing for women, handbags and accessories offline/online in Laguna. Once operational, I am planing to hire affiliates. Most of my products are imported from usa. All you need is to buy samples of my products to sell offline and online. Online order is deliver through LBC. Most of my online products are designer & brand name jeans, brandname and designer handbags, etc. I will keep you posted. I need your email address and contact no. Once I am ready.zGood luck. Eddie

hi. i have 150k capital but not sure kung anong business ang pwede. I was thinking of a nail spa pero hindi ko alam kung kasya tong budget ko. gusto ko mag consider ng iba pang business with this budget. thank you

Hi! If u r interested RTW from Thailand i can be a supplier.The quality is good and affordable price too.The amount you have , u can already start an RTW shop.kindly check my fb page Fhaxquisite.Thanks.

Good imfo.im ofw for 20yrs d pnlad s mga tinatayo bznes sari2store merchandiz i sell all dry good to cosmetics small tahian i closed it lugi.now im back abroad. .i lost a lot of money in mlm .investment online hyip lately this jan…actually ..im have a running bzness already till now dealer of balot n penoy n ice cream on stick..i have vendors na tagatinda on street before i left phil.now im planning to go back interested of selling icecream on stick email me or contact me watsapp +40724391261. I need bzness partner also..

Im planning to open my store again like selling rice since were near in bocaue rice area . i have experience also on mixing household prods i attend training in manila. Kindly give me also imformstion direct to factory san mkkuha ng mga diapers ..hi @edson kindly give me imfo where to buy wholesale diapers. Tnx @manny this site was really help

Hi, I am interested with your icecream on stick since there are a lot of kids in my area. How much do I have to shell out for this kind of business? Thanks

please contact we with my boss is looking for imterestedbuyer of ukay ukay he wants big volume can be discuss the budget big company in Canada email me [email protected] if you are interested you can go to our place in Tarlac and talk to my family my boss need to discuss to interested buyer

Hi everyone,

I am planning to put up a tutorial business related to computer. anyone interested please let me know..I want to put it up in cavite area. email me : [email protected]

Hi!just read all the comments and bright ideas.I am also planning to have a small business.Clothing and apparells will do.Anyone know legit suppliers that offers verygood prices to start with? your suggestion is very helpful.Here’s my email address: [email protected]

HI – I AM FROM SAN DIEGO, CA. USA – THERE ARE ALOT OF PHILLIPINOS HERE – WHAT AN AMAZING CULTURE – WISH YOU ALL WELL – PRAYING FOR ALL YOUR SUCCESS. . . :]

Being OFW I’m planning to start small business like apparels. Any info or details para mayroon po ako ng ideas ng mapag kunan ng product please let me know. Here my email [email protected]

Thanks and regards,

Hi I’m luna a OFW, I’m always thinking “for buying here small amount of products and sell it to our town, but what I’m afraid of is, if it would be considered as smuggled”, pls advice me, thanks again for response.

If it is only a small amount, then it is not considered as smuggled. But how will you profit from selling just small amount?

Hi Luna, from what country are you as an OFW? I would like to get an idea what item to bring for a retail business. Thanks for your prompt response.

Hi, Salamat sa maraming ideas here to start a business, im thinking to start the online business first and see what will happen. Thanks you so much.

Cno po dito interested mging supplier for poultry minerals,chemicals,medicines. High commission po ito especially if bulk orders and yung meron kilala s poultry. Email me at [email protected]

Hello! Just want to seek an advise. Im just 23 years old and I’m planning to do a small business just here in front of our house. This is residential place and our house is located exactly dun sa intersection. Plan ko po maging dealer ng Ice Cream ( Dan Erics) since walang ice cream shop dito malapit samin and sobra daming kids sa area namin. Any suggestion po kung ano pa okay na business at saka okay lang ba na barangay business permit lang kunin ko? Thanks!

Hi Kristina,

Okay din po yung Dan Eric. Masarap talaga ice cream nila. Tungkol naman sa business permit, tanungin nyo din sa barangay kung okay na yung business permit nila. Sasabihin naman nila sa iyo kung kailangan sa munisipyo kayo kukuha o kung pwede na yung permit nila.

hi mam tina mas ok po kung computer shop dyn sa inyo pwede kita turuan or pwede ako mag set up

Hi! Pwede kang magtayo ng rice supply. Mabilis lang naman ang ROI since mabenta. Regarding rice business I can help you with the supplies. Just email me at [email protected] . thank you!

Good day sir, im planning to start up a rice business. Pano yung supply? San manggagaling? Im from san pablo city, laguna. Thank you

Meron akong mindoro rice at ang bodega ko ay narito sa batangas.

hi i need rice supplier . contac me in viber. 01048884782. im here korea kya gnyn no. ko. pro my bigasn ko sa pilipnas

Hi adrian I am also from san pablo my alam ako supplier pwede kita recommend.ilang sako ng bigas ba need mo? 09197229381 look for me Nolan

Hi I’m interested for rice retail pls send some information. Thank you

I am interested to put up Rice retaILING in samar…problema ko lang tlaga supplier ..baka naman po may maitulong ka po..salamat..ito email ko [email protected]

share ko lang po, may business kami sari sari store..per day kumikita kami P400 pesos plus(tubo) kapag inalis yung puhunan..so kumikita kami ng P2800/week, P8400/month,and P100,800/year..tyaga lang..then, next month dadagdagan namin ng NFA rice…10k na puhunan pwede na..kelangan mo lang kumuha ng permit sa NFA office..sana nakapagbigay ako ng idea sa mga gusto mga business like sari sari store!

Interested ako s rice selling at beauty salon.San kaya pude order ng rice

Hi Manny. Im glad I came across your site. Very informative. Setting up my business fr home like retailing rice,bakery; will I require other license type for that apart from those that you’ve mentioned?

You a have very informative blogged. I am interested to open a grill house in a commercial area but not inside of the malls,Because they do charge a high cost of rental for a tiny space. Basically how much do i need to set-up a this kind of business in gross capital? What are the requirements to start and how many months to start the operation.

A capacity of 50 pax will do.

Regards, Jo

Hi Jo, I really don’t have an idea how much it will cost but better to start small. Test the market first if your business will click. Find a cheaper place to rent but it should have a good amount of foot traffic (people that walks to that place). Any business is a trial and error and you will learn from it when you start your business. What is important is what you have learn from your business, things that you should do and things that you shouldn’t do.

Hi everyone. I am a mother of three and had resigned fro work to focus on my kids. I’ve been wanting to have a small business but don’t know what sort of and how. I’m quite interested in selling items online. I would be very thankful for any idea.

Hi Josephine genona, You can sell almost anything online but what really matter is it should be what you are passionate about and what is in demand. Just browse ebay, amazon, olx.ph and other online shops and look for the best sellers. That should give you an idea.

Hi Everyone,

Looking for dealer of cellphone cover and powerbanks, please let me know @ [email protected]

Hi to everyone….i want to start a rice retailing business pero wala ako alam n retailer and also i want a business partner..please help me to find..email me to this [email protected] thank you

Hi Joneline,

Me and my wife are looking for business to start. We are thinking of clothes and apparels? Maybe you can help us on how to start? Thank you! You may email me: [email protected]

Regards, Denjo

I want to start a food kiosk business. However, I don’t know where to get my supplies. I don’t know who I can trust. Plus the issues of food poisoning lately, opening a food business is quite daunting. Please advise. thank you.

Ako rin po need ko online business partner, I can supply designer bag from Europe Prada Gucci jimmy chop ferragamo etc…..

Hi how much are the prices for the designer bags?

Hi karen pwd pa po maging busines partner mu,yung sa akin kasi UK product.just startd maybe november pa dating ng goods.yung sayo bka pwd ko e market sa bacolod.tnx

Send me details @ [email protected] . 🙂

We have been producing picture frames for 24 years and we have different dealer in the provinces. There is a great chance for a good mark up of our products. Please email me at [email protected]

Francis Manalac Owner Jenicis Frames

Please let me know i can help u about getting items and for those who needs business partners pls message me to my email [email protected] , thanks

Gusto ko pong mag start ng business online. Pano po ba at saan po ako pwedeng makakuha ng items? Kahit ano po. Damet, pabango, makeup etc. Tenx!

What is the best negosyo katulad kung ofw thnks

Hi fred, pls email me for potential business. [email protected]

Hi mam neneth..i want to try your tinapang boneless bangus..may i ask where can i contact you? Thanks.. Godbless

Hi manny, i have just started my Tinapang Boneless Bangus business my market is still small can you help me increase my business network..? My customers said that my Tinapang bangus is really delicious and not dry not like the ordinary tinapang bangus they can buy in the market

Pls help thank you

Hi Nenette, You can use the power of social media like facebook and other social networking sites. You can try posting your product in online classified ads like olx.ph.

Net bka wala ka pang distributor dito sa Negros Occ.interestd sana ako.tnx

Ms. Neneth, kindly give your contact like email add etc. I am planning to have small business to start with and I want to learn on this Tinapang Boneless Bangus. this is also great time to market here.

Sir Manny i would like to start rice retailing and egg retailing tannung ko po sana if anu ang dapat kung i consider…thank you

Hi Daryl Bendijo, There is a post I have about rice retailing business. You can visit it here: http://www.filentrep.com/business-guide/retail-or-wholesale-rice-selling.htm

I want to share my experience in selling online. We sell cosmetics online. I put up a decent website of my own with around 5k pesos which we launched on May 2014. One year after our launch, we made over 500k in sales.

All I can say is that there is money in selling online as long as you work hard and smart.

Hi i want to know where did you make your website email me please I am searching someone who can build my online website please help me

May I know what cosmetics are you selling online? Kinda interested in this kind of business. Can you email me?

Hi.can u teach me how to start up business starting with 5k only.thank u

To Mr. Leandro Padilla:

Please tell me how to do your business online, I’m interested thanks… 🙂

Hello sir leandro, kindly share your thoughts on how you manage and create online shop. contact me in my email address [email protected] . Thanks

Hi, I’m interested in this kind of business. Please help me how to start it.

I also know a rice dealer, just text or email me for the price.

This article is really helpful. The long list of comments speaks for itself. Thanks Manny! Hopefully there will be more like u who will write this kind of stuff. More power to u!

I just started a small apparel business. I’m a working mom & i sell clothes to my officemates. I’m looking for dealers. Clothes are really cheap & it’s good for a start up, low capital needed. Also good for tiangge or bazaar. If interested, email me at [email protected] or text me at 09178498380.

Hi lance you can try joining thesparkproject its a crowdfunding site for pinoys. you can find investor there to support your project.. goodluck😊

Hello po… I am a single mother of two kids and slightly disabled and i really need to have an income for my kids. I don’t know what small capital business to start. Please do help me find right one to start. Thank you so much. here is my mobile number 09104014009. more power.. god bless us all

Hi Admin Manny and friends,

Good day po! This is Lance, from Cavite, Philippines but now here in China for a project and will be back to our country soon. I am here doing designs of Furniture, Car/Vehicle body and Landscape. As of now I have developed a green and eco-friendly vehicle which is very suitable to our country Philippines and other asian countries which is called the Electric Tricycle or E-Trike. The design and features are surely prettier, easier and cheaper than the existing units in the market. All plans and details including the scaled prototype are ready. Also now I am limitedly inviting investors who can also understand my purpose like saving our mother earth. If you are one of them please don’t hesitate to contact my information below for more detailed information for this project! Thanks!

Lance Mobile: +86-13580952413 E-mail: [email protected]

Hi Lance, Sorry I think I’m not capable of being an investor for now but maybe this blog can help you find like minded investors that are interested in eco friendly vehicles.

Hi Lance, I’m interested. Please get back to me.

Can someone tell me which is the best product to sell in online selling gusto ko kasi magstart ng small business po eh? and where kaya ako makakakuha ng mura lang pwede kong ibenta online? thanks here’s my mobile 09166128578

Hi, Manny tanong ko lang po Kung alam nyo Kung saan pwede umorder ng wholesale na mga ceramic and bisquare shape to paint. Meron po ba dito sa pilipinas or if anyone knows pls let me know. Maraming salamat po.

meron po ceramics dito sa amin sa albay

I am planning to invest..a rice retailing in tagum city can anyone suggest me sa suppliers

I am a wholesaler of RICE Grace. I live in Davao City so it is easy to deliver in Tagum City. This will be cash basis only. Thanks

Iris pls contact me tru email im n mnila want to put rice business would u help me as supplier

Hi, im interested to start rice retailing business in Surigao. Would it be possible for you to be my supplier? Please send me an email at [email protected] so we can discuss any possibilities. Hope to hear from u. Thanks!

Magkano po per sako?

Hello po ma’am Irish, i want to start a Rice Retailing business… Saan po kaayu pwede mapuntahan dito sa Davao City…? How to contact you?

Hello Ms. Irish, pano poba bah maging rice whole seller? baka po pwedinf eshare ang idea sakin, email-add kopo ay [email protected] , thanks

@Admin Manny & @Ceasar,I’m interested in putting up a Tarpaulin business in Davao and I would like to ask you ideas on how to start this business. What are the things to consider? like Trainings? equipments? software? I would highly appreciate if you could help me po. Maraming Salamat. 🙂

Hi! I have a huge source of forest fresh bee honey and I want to have regular market contacts retail or wholesale. Can your site be of help? thanks pls txs me at 09175830351, God bless.

I have a tarpaulin printing business located in Quezon City. Its doing well, especially when election comes. Upfront capital investment was indeed large at the start, but we are slowly pickup up.

Apart from my actual store, we also make sure to post to online classified ads site such as olx.ph ayosdito.com and mybenta.com. It helps with generating extra sales and exposes my market outside of QC.

The ideas provided here are really good, but most must have to think how to differentiate to succeed.

hi ceasar, i’m eugene from Zambales. i’m planning to start a tarpaulin business in my home town. Meron ng isang printing dun. i need your tips/advice are the things needs be consider before diving to the business. Where we can get reliable suppliers for printer and its materials? What business plan or strategies you can share?

Thank you..

Comments are closed.

Emery Evans

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