It all makes 22000 a month as a teacher, a good salary....
there are a lot of things done in a hair salon besides trimming -straightening and heat treatment costs around 3000 peso
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![]()
35k a month
Look mate she is taking the piss big time, seems others on this forum agree as well
thats way too much, if she cant survive on 15k then there is something wrong
as for opening a business dont waste your money on a parlor
if you do open a parlor with this girl then expect constant demands for more money
need to buy more stock, the electric is not working, blocked drains, and any other excuse she can come up with
she will use the excuse of you opening a shop to bleed you dry
For me just that fact that she tells you she needs 35k a month to SURVIVE speaks volumes![]()
Really, we shouldn't judge others by our own standards...not everyone is living on the bread line. The £ 500 he is sending every month cld well be the equivalent to chicken feed to him.
The question he has posed is not about his lady's allowance but the business idea....lets be positive here and keep to the subject![]()
....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.![]()
Epidot you don't have a obligation to build a bussness for her now bcoz she is only your gf not wife.....
Think twice properly before you action,if you really want to build that bussness start in100k bcoz your not sure yet if your bussness become success.......![]()
rooms or apartments, i have been told are a good investment, look for long term growth, that is something Ems would like to do, knock down her dads place then put up about 7 apartments, room only, but we shall see, all depends on what money is spare and is not needed
Yes Steve but location is a huge factor in who will be renting your units and how you will have to calculate your income or ROI (return of investment) . There are some excellent locations here still but prices are beginning to get a bit silly .. Panglao is getting that way now as the airport construction will start next year. Tons of construction projects all over the island including new perimeter ,central and provincial roads.. New punters jostling for position all over the island.
I must admit he got point here. 35k every month is way too much and to be honest no business in the PI succeeded much recently as people in the Philippines can only afford 3 times a meal everyday or even less which is sad and thats the TRUTH.
EPIDOT, THINK AS MUCH AS YOU CAN BEFORE SPENDING THAT AMOUNT OF MONEY.
I will be pulling the plug on my internet shop in Makati when i get back there in November
It has taken a nosedive recently and i am not prepared to keep on funding the place
They want to double my rent so thats the end of that...
I have already found a buyer for the pc's and the other partners want out as well
My best advice would be to say dont outlay too much money on anything in the philippines
The money is best left in the bank and just live the good life in a RENTED apartment
No hassle and you dont need a fast exit plan
As for laying out 500,000 pesos on a beauty parlor thats just crazy
The gf looks familiar! I am also from bulacan. The girl has a bf im not just sure if they are still together
Hi,
Yes it is possible to make that much money owning a parlor in the Philippines if she knows how to run it properly. One of my wife's friends married to a German guy started with one and now has 5. They recently just opened another one and spent 700,000 pesos refurbishing it.
Does she own the land or is it to be rented?
to cut a long story short take your 500,000 to a casino and put it on the table at least you might have a chance of a return .do not invest in a parlour my friend trust me its money down the drain .your g f sounds like a high flyer which is bringing up red flags to me .as others have said 35,000 is far to much i live here so i know what im talking about .my rent is 5000 pesos a month for a 2 bed appartment so why does she need 35 k ?
Although i agree with that the gf sounds like a high flyer doesn't mean that a parlor wont work. If you run a business here and do it properly it can succeed. I also have lived here for 14 years and everybody i spoke to said you cant make money with a business here. They where wrong!
35,000 thousand.. peso?? more than enough.... woowww
whereabouts in bulacan does she live?? I am from bulacan![]()
Eliza you are 100 % right... thats good advice for epidot... think twice epidot ( lol ).....![]()
yes you can make money but you need lots of money to get going don,t forget your going against the locals who have a big advantage in the way things are done here .good contacts are a must ,if you are spending big you will attract the attention of the local politicians who will want a slice of the action.
Where's Eipdot gone?
I do hope there is no attempted dodgy dealing here mate, keep us updated.
T/.
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