It all makes 22000 a month as a teacher, a good salary....
In all honesty, you would be better finding something to do with that half million pesos here in UK.
Its hard enough starting a new business under ideal conditions here but, there in Phils you've got numerous other obstacles to out navigate around.
Heed the advice been given here...its hard enough for the locals to make a living let alone a whiteman muscling in on there action.
Either way, Good Luck
Btw
If you are still hell bent on starting a business over in the Philippines with half million pesos which has been said isn't very much...give franchises a serious thought
At least you and your wife are not out on a limb...you are buying into a proven business plan with minimal costs.
A good place to start looking is at sulit dot com dot ph
Many businesses/franchises for sale there. Just take your time chosing.
Nothing ventured nothing gained![]()
....with the remaining 200 k you cld put down a good size rental deposit on a premises and buy the all important equipment to go with whatever franchise you go with.
Remember this as well...the years one two and three plan as mentioned here does not work in the Philippines...it'll be more like 7 to 10 years before making acceptable profit...you gotta accept you'll be funding for a long time...accept that then if profit comes early it'll be a bonus
Another piece of advice...keep involvement from others to a bear minimum....again bear this in mind when chosing your franchise.
Trust is very hard to come by even when you wld think many wld be grateful for the employment
Good Luck![]()
Another idea on how to spend your £ 8 k is this
Obviously it depends on your motives but lets say you got some family out there who are young able bodied males ....why not provide them with tricycles...you provide the deposits and cash for the side cars...hey presto!...you now provided employment for many a good year...thus providing independence and the means for them to start their own families.
A portion of there income from the tricycles will pay the monthly instalments.
Or...you cld buy a second hand jeepney...joking aside...obviously you wouldn't be driving it...you would hire it out...in Manila there would be no end of takers....the going rate is 1, 200 per 12hr shift...remember you cant work the jeep everyday because of the number plate system...you also gotta allow for servicing and clutch replacement
..again, choice of drivers can make or break you.
Or you could buy a new taxi for airport runs..again im talking about Manila..busiest airport in the Philippines thus the most passengers
Many opportunities..you just gotta chose wisely.![]()
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