Starting a business in the Philippines. Information required!

[Rhose]

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.

half a million is big enough capital in franchise cart... one of the famous franchise business cost 300,000.

[gWaPito]

half a million is big enough capital in franchise cart... one of the famous franchise business cost 300,000.

....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

[gWaPito]

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.

[London_Manila]

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 there 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.

Looked into buying a couple of jeepneys a few years back

paying for the route and buying the jeepney is the easy part

Finding a driver who wont rip you off is the hard bit