Posts Tagged ‘business’
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.



