Filipinos are certified workaholic and many of them fail to strategize a business on their own. The main struggle iin this world is how to make money circulate in an ethical way. This means making money earn on its own. Root family background is very important of how you think about life and how to have a big income or we can also say a decent salary.
According o statistics, OFWs often times influenced by a former OFW parent. They tend to follow the foot steps of the originating relative or family member. A business owner connects to his children on how they too can develop a business that they can work with or maybe create his own empire of sales technique. "Times waits for no one" and it should be consumed correctly to survive while an individual is getting older and older.
Investments or franchise business are certainly a wise decision one should take right away before it is too late. A consistent testing must be applied since rise and fall are always there burt as they say; quitters never win. Here are some of the investments that any Filipino can do to have a stable future:
Restaurant or Food Businesses
Food is a universal business because everybody needs to eat and drink. There are several type of food businesses like lechon manok, siomai, shawarma, noodles and more. Pick the food you want and take time to learn the basic preparation which includes proper location, market observation and price competition. Without previews of events, a business may likely fail because everything we do should have a purpose and that is thinking the end first before you start. Thinking like a consumer will give you ideas to improve your entrepreneurial plans in the future. The plan should look realistic even it is not yet existing. Imagination is very crucial in life and of course in food retailing.
Buy low and sell high. That is the motto of any businesses today and it is true. However rude it may sound, that is the real deal in making a business or making a company. Creating your own office is not easy plus the expenses that you need to pay monthly and it is reasonable enough to put an extra percent on the products that you sell. Basic commodities always pay out for the reason that it is always a demand. Dry goods are better because they have no expiration date and will last long compared to food products that needs to be dispatched right away. Buy and sell is now popular on social media sites like Facebook and more people are reaching worldwide distributing what they sell on the internet.
Real Estate Ventures
The greatest investment on earth is earth. If you have invested in lands or lots, you can say that you can now rest and retire. You can put up apartments, room for rents of anything similar. Everyone needs space and if the land or the lot is in a commercial space, you will have a good fix monthly income better than you working with someone else. Condominiums are situated in commercial spots in Manila and in other prime locations and owning one can have many benefits for your survival. It can be a rest house or your own crib and you can sell it in the future. The best thing about real estate is that the price never devalues but always increasing each year.
Mutual Funds or Stock Investment
This type of investment is good if you can afford it and you know how it works. Stocks can make your capital grow without a sweat but make sure to know what kind of stock are you investing provided the company is a trusted shareholder. San Miguel, Jollibee Inc. and other big companies in the Philippines are all collaborated with the stock exchange. You need not to be rich to join the system but you must have an experience to have a win win in this gambling investment. Finding the right affiliated and licensed broker can help you learn about when and how to invest. Timing is said to be a strategy before giving them your capital shares
In the end, creating your own business for survival is good for your future. Planning and continuous learning is a key ingredient to your success of making that big goal or big dream to happen. Action is the best tool a person must have to keep living in the changing world both business and life itself.