If you are wondering about working in the Philippines, conditions and opportunities, or wish to start a small business there then read this book on work and Small business opportunities in the Philippines.
There is no more valuable primer to the Philippines volatile but potentially lucrative property market available online today. Get this guide to the Philippines Property Market
Advice on surviving everything from a pick pocket to a gun battle, even advice on situations like unwanted pregnancies. This is your guide on how to stay out of trouble in the Philippines
BIn 2002 author Perry Gamsby relocated to the Philippines and gathered the information included in this book first hand on ‘to the Philippines and living the dream of escaping to a tropics paradise
So You Want To Start A Small Business In The Philippines!
This is the plan of many westerners that come to the Philippines and decide they want to live here. There are many that have been able to achieve this goal and, there are many more that have gone home after a few years having lost all of their life savings. Their dream of living in the Philippines and making a living is often shattered forever. So what are the mistakes those that do not succeed make? There are many but basically people come here with ideas on how they think a successful business should be run based on their experience at home.
They may have conducted what they believe to be the required research and developed a business plan with figures that are so conservative that there is no way it could fail. But what they often fail to do is understand the local environment and take into account cultural factors. Even when someone has been visiting the Philippines for a long time they won’t really understand doing business here until they actually start living here. There is a huge difference between being a tourist and living here day to day.
Anyone who is a successful businessperson knows the high cost and value of experience. The smart businessperson will try to gain the knowledge and experience of others so that they can avoid making bad decisions. If you are serious about starting a small business in the Philippines then you also need to learn from others and avoid many of the common mistakes. Perry Gamsby has lived in the Philippines for a number of years and operated a number of successful businesses, along with some that have failed. He has committed this knowledge and experience to a book entitled Making A Living In The Philippines.
The book explores the options for supporting oneself while living in the Philippines and a major part of the book is dedicated to how to go about starting and operating a small business. This is a must read for anyone planning to do business in the Philippines. Regardless of what scale of business you plan on building, the information contained in this book is going to be helpful. Find out more about Perry’s books by clicking the links on the right
Hobby Or Serious Income Producer?
Many expats want to start a business in the Philippines to give themselves something to do during retirement or to earn an income. For many it is a way to play at being a business tycoon. You have the thrill of entrepreneurship, lots of cheap staff to run around calling you “Sir” and so on.
For some though they are serious and they make a serious income from their businesses. Others just do it to provide the wife’s relatives with an income. You can do both. Have an income producing business and give employment to family.
If you want to be a serious operation it pays if you know what you are doing, have done it before and are very well financed and connected. For the rest of us, why not diversify? Too many people try and make a living from the one business. Far easier to make a little amount of money from a lot of little businesses selling to a lot of little (income wise) people.
It is easier to make P5 than 500. Then all you have to do is repeat that P5 ninety nine more times and you’re there! Luckily there are lots of people in the Philippines. You can also run several operations at once and enjoy the aggregate of their profits. Think about it, think outside the western square and within the local mindset and market.