Going the same financial routine for years? Do you ever wonder how come you do the same job, get the same and higher salary but still you're struggling to provide your family's needs and wants? Well, you should think twice if you'll still do the same strategy over and over again for your next years.
According to the National Statistical Coordination Board (NSCB), the Philippines inflation rate has an average of 4% per year. Inflation rate is the rate of change of prices (as indicated by a price index) calculated on a monthly or annual basis. In simpler terms, it's how fast the prices of goods change from time to time. Cost of living increases faster than salaries. This explains why it's hard to save big even if you budget your money every month.
Thinking and being open to new ways of earning a living is not always about adding additional jobs for you to gain more. Here is a tip selling and commission based jobs can be instantly added to your routine whatever your work is now. It does not require you anything to fit in the company because you earn your effort. It is also a potential way to get unlimited income because everyone buy goods, what ever kind of products you may want to tap in. Strategic planning and wide imagination can provide great results when you are a goal seeker. Many of the most popular tycoons today started the opportunity of selling little things and now have big businesses they have never thought would happen. They just started to do what is necessary to provide for themselves and the needs of their families.
Starting a business may need practice to, their is no 100% risk free in this world and you may want to learn the things step by step first. Some of the top entrepreneurs today go with food products and other necessities a customer really need to have, it can be clothing, school supplies and healthy drinks.
Starting to be an entrepreneur is like a child learning how to ride a bike. Dedication is needed to achieve the business success that you dream of. Going back to the child riding a bike, business also have ups and downs just like falling off the bicycle. Determine the factors that needs improvement to slowly master the art of entrepreneurship. Everyone can start their own business opportunities but you must prepare ahead of time. This includes solving possible obstacles that may contradict your business along the way.
Even if you already have the capital for investing, remember that preparation is always your first priority. This is similar to a singing contest, if you did not practice the notes you might as well fail the competition. Start a business that you think has the boom factor. This inlcudes food, salon or water refill stations but this does not mean an instant success. Study what kind of people are there in the specific spot where you will put your business. This may stimulate your problem solving skills or what we can say "street smart" thinking. One way to exercise this is observation and treating yourself as the customer who will buy. Ask yourself that if you will put the food cart franchise business here or there, will I buy as a consumer in that area? If your product targets kids then look for an area that have more kids to make them your patron.
A friendly attitude is also a vital part of being a business person. A thoughtful smile that goes dwep down to the hearts of the customer may help them remember you and your company. You will be amaze by the magic it will bring to your firm and they would not mind spending their money to your offers. Flexibility in certain situations may build a strong foundation of entrepreneurship.
Mall food businesses
Mall food businesses are extremely high on terms of foot traffic. But one must have enough capital to invest with this kind of place. This means high capital, high profit and high risk. This picture was taken at SM Marilao, Bulacan and if you still not aware, rental fees in most malls are averaging 25 to 35 thousand pesos above. The ground level has the highest price in leasing while going second floor up to the top floors comes in lower fees.
Rumors said that spots near prestige companies like Jollibee and McDonald's also have an expensive cost for rent whatever type of business it may be. Food cart franchises are mostly situated in the center part of the mall where people can easily see and eat. Food carts does not require chairs because they are considered as micro business. A franchisee must study the place or the spot before buying a franchise. This is an important reminder to plan first and somehow preview the sales statistics your invested business can have. Remember that risking without planning is a poor investment. One must know what franchise business he is buying and the list of expenses he will expect every month. A great advice from Warren Buffet one renouned millionaire from United States said "Do not put all eggs in one basket." In short, do not invest everything you have got specially for starters. Business also has its time for maturity and this means the manager and his careful planning in dealing with different kind of situations.
Having a franchise business does not always guarantee success. A true success will come from a wise strategic plan and discipline. You can start investing any time but without any business knowledge, you might want to lay low and study carefully the new opportunity that you will buy. Have time learning the facts what can make you get the best results for your business or might as well consult for a franchise assistance.
All business success took time
Everyone wants to have a business at some point in life. Some situations may include tired of having a boss which tells them what to do or gaining more fine lines in the forehead. Its perfectly okay and natural to feel this way, it is a fact that a business can be pass to the next family's generation but a job certainly cannot.
99.9% of a decent business success took time. And if you know some individuals who were very successful, you will be amaze what kind story they will have to tell you before they got the big things. One important quality these businessman have is "guts" this is like the power to walk on fire or to swim with sharks. They have the positive mind and a willful heart to remain standing despite the hardships because they want success. In creating a business, small efforts can be big little by little with ofcourse, discipline amd hardwork. Remember that there is no such thing as an instant success unless you win the lottery. The beggining of entrepreneurship is pay now and play later. Industriousness and flexibility in a consistent manner can bring more blessings in a man's life.
Balancing your wants and needs can save you money. By the time you have gathered enough capital, you can now start to build your own asset but this time you are the boss. Manage it well to pass it on to your future generation, your children.
more business ideas:
To save or to invest?
"Saving is good but remember, the value of money is deflating as years goes by."
Saving is definitely good but there one secret that businessman knows and an employee don't. Businessman are risk takers. They know that saving will not make any good although it is good. To simplify, your iPhone today may cost 30,000 pesos but after a few years it can become 25,000 pesos but it's the old model. And imagine the cost of gadgets that would never make a single peso into your pocket.
Jco Donuts originated in Indonesia and people in the Philippines are really going crazy about this delicious treat. Most Sm Malls already have Jco Donuts and it is equipped with a beautiful setting like you want to sleep inside the store. This maybe
the secret behind its success by providing quality food products and beverages. The store's Interiors also contribute great relaxing and high class feeling whatever class a customer may be.
With this statistics of success, many Filipinos would like to franchise Jco Donuts but according to Contemporain Foods
Incorporation, they are the only one who is authorized to put up Jco Donuts because they sign up for a country franchise.
Here are some alternative franchise ideas:
San Miguel Corp's bakery franchise Kambal Pandesal
Lechon liempo, manok, sisig business Lembest Lechon
Lechon manok franchise