Entrepreneurial seafarers can take their first shot at business and all they need to get going is of course the capital. They can start with a capital of as little as P2,000.
Easily, the hottest and trendiest option for many entrepreneurs is franchising. It is one venture that offers you some small success even before you start. What’s good with franchising is that you’re linking up with established names such as Jollibee, Goto King, Foto Me, 3M Pizza, Shell, Caltex, and many others. Other than the financial resources, an interested franchisee only needs to present a letter of intent detailing his initial business plan. This is because companies understandably screen their prospective franchisees to ensure that the business’ image is not tarnished.
So rather than spend your hard-earned money in shopping or placing them in banks which could only earn a measly two percent interest annually, why not pick from among the following business undertakings you can possibly venture into:
? Gas Station – Investing in a gasoline station business would require a capital of from P3 to P5 million. That is if you apply as dealer of the Big 3 oil companies: Shell, Caltex, or Petron. New oil players such as Total and Flying V offer lower packages, while others can make you a gas station owner for less than P200,000. Of course, the location must be considered to realize profits early.
? Fastfood Chain – You don’t need to despair if you can’t afford the franchising cost of Jollibee, McDonald’s, Max’s, or Goldilocks which cost at least P10 million. A relatively smaller capital can give you a franchise of a smaller, but nonetheless, recognized fastfood chain. Why not try 3M Pizza, Goto King, Mister Donut, Potato Corner, Lapid’s Chicharon and Todits? A Potato Corner franchise costs from P200,000 to P300,000. Sure you can also get a food franchise for P100,000 but these are the less popular ones. Pooling your resources, however, can still bring your dreams of becoming an owner of a big-ticket fastfood franchise.
? Laundry Shop – Today’s fast-paced and highly urbanized lifestyle led to the instant success of laundry shops. The old reliable neighborhood lavandera can still do your laundry, but the trend nowadays is the laundry shop. A Lavandera Ko franchise would not cost at least P800,000, including self-serve washing machines, dryer, and chemicals. For around P500,000, you may consider opening your own laundry shop. Laundry machine suppliers offer friendly financing terms. Go check out the telephone directory.
? Water Station – Some 20 years ago, a group of students in a masters business class proposed a plan to undertake the possibility of a bottled water industry as part of their thesis. Their professor, however, thinking that such idea was too far out did not approve it. The rest, as everyone knows, is history. With pollution all around us, tap water nowadays is no longer considered safe and is largely used only for washing and bathing. To be a water station owner carrying known brands such as Agua Vida, you have to shell out from P25,000 to P500,000. You can check daily newspaper advertisements for details.