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PMT Forum's MOST POPULAR Discussion Boards => Chikahan, Kumustahan at Walwalan => Topic started by: yueqian on Sep 10, 2014, 01:31 AM

Title: Best Business
Post by: yueqian on Sep 10, 2014, 01:31 AM
Hi, I am a working in a call center and a student at the same time. However, aside from my monthly income as an employee, I would also want to have another source of income. What do you think is the best business that I can start? Any suggestions? Thanks.
Title: Re: Best Business
Post by: Homeboy on Sep 10, 2014, 01:50 AM
Gusto mo ba ng conventional ways para kumita?
You can try e-load, or pautang (5/6). Working student ka kamo, hassle sayo cguro kung ang pinagkakakitaan mo e hands on ka lagi.

Pero kung passive income ay pwede ka mag mutual funds or kung mataas risk appetite mo e mag stocks ka.

Anyways, theres the pros and cons. Asses your financial situation then make a 6 month plan.

Good luck to your endeavors!
Title: Re: Best Business
Post by: EngrjEEpoy on Sep 10, 2014, 04:27 AM
Meron ka ng dalawang pinagkakaabalahan sa buhay mo; ang call center job at pag-aaral. Sa tingin ko, 'wag ka ng maghanap pa ng ibang bagay na aagaw ng oras mo. Kung may sobra ka pa talagang oras e masmagandang ibuhos mo un sa pag-aaral or kung hindi naman e dyan na lang sa trabaho mo ngayon.  :)
Kung talagang desidido ka pang maghanap ng iba pa e siguro magstart ka na sa mutual funds. :D
Title: Re: Best Business
Post by: yueqian on Sep 10, 2014, 06:14 AM
Ang plan ko kasi, I will let my brother take care of it then sa kin na lang yung ibang kita. I'm not living with my parents anymore for a long time. Di naman pwedeng sa call center lang na kita lang ang aasahan ko. Thanks guys sa suggestion
Title: Re: Best Business
Post by: LiveLoveInvest on Sep 17, 2014, 09:51 AM
Gusto mo ba ng conventional ways para kumita?
You can try e-load, or pautang (5/6). Working student ka kamo, hassle sayo cguro kung ang pinagkakakitaan mo e hands on ka lagi.

Pero kung passive income ay pwede ka mag mutual funds or kung mataas risk appetite mo e mag stocks ka.

Anyways, theres the pros and cons. Asses your financial situation then make a 6 month plan.

Good luck to your endeavors!

Care to share how mutual funds can be a source of passive income?

I think MF/UITF can be classified as paper investments and not a source of passive income.

From Wikipedia;

Passive income is an income received on a regular basis, with little effort required to maintain it.  :applause:
Title: Re: Best Business
Post by: prnd32 on Sep 17, 2014, 10:23 AM
Hi, I am a working in a call center and a student at the same time. However, aside from my monthly income as an employee, I would also want to have another source of income. What do you think is the best business that I can start? Any suggestions? Thanks.

What are you studying at the moment?  Select a business related to your course.
Title: Re: Best Business
Post by: phreyesj23 on Sep 17, 2014, 11:10 AM
Hi, I am a working in a call center and a student at the same time. However, aside from my monthly income as an employee, I would also want to have another source of income. What do you think is the best business that I can start? Any suggestions? Thanks.

First, there's no such thing as "best business", much like having "investment with zero risk".  :peace:

Instead of adding income to your cash flow (and considering your age), you might want  to invest your money first on either of the ff:
1. insurance
2. stocks (http://www.pisoandbeyond.com/2014/01/a-complete-idiots-guide-to-stock-market.html)
3. mutual funds (http://www.pisoandbeyond.com/2014/04/understanding-mutual-funds.html)
4. coop (if your company have one)
5. yourself (buy books and make sure you read them, attend seminars about financial literacy/business)

...or you can always try opening a Sari-sari store if it's still feasible in your area. (if, of course, there's someone to man the store) Here's a detailed guide how you can manage your small store

How to Succeed In Your Sari-Sari Store (http://www.pisoandbeyond.com/2014/01/how-to-succeed-in-your-sari-sari-store.html)

So by the time you finish your studies and saved enough, you can then focus on your start-up business.

Just don't put all your money on the bank (http://www.pisoandbeyond.com/2014/02/why-your-bank-savings-is-not-investment.html), OK?  :D

How does that sound to you?  :watchuthink:

 :thankyou:
Title: Re: Best Business
Post by: prnd32 on Sep 17, 2014, 11:32 AM

...or you can always try opening a Sari-sari store if it's still feasible in your area. (if, of course, there's someone to man the store) Here's a detailed guide how you can manage your small store

How to Succeed In Your Sari-Sari Store (http://www.pisoandbeyond.com/2014/01/how-to-succeed-in-your-sari-sari-store.html)
 

Is there any study showing "success" in sari-sari store?   And how do you think TS, as a working student, can manage the sari-sari store the way the article suggests?
Title: Re: Best Business
Post by: DonT on Sep 17, 2014, 12:34 PM
Care to share how mutual funds can be a source of passive income?

I think MF/UITF can be classified as paper investments and not a source of passive income.

From Wikipedia;

Passive income is an income received on a regular basis, with little effort required to maintain it.  :applause:

It is possible.
Title: Re: Best Business
Post by: grayback_01 on Sep 17, 2014, 04:48 PM
First, there's no such thing as "best business", much like having "investment with zero risk".  :peace:

Instead of adding income to your cash flow (and considering your age), you might want  to invest your money first on either of the ff:
1. insurance
2. stocks (http://www.pisoandbeyond.com/2014/01/a-complete-idiots-guide-to-stock-market.html)
3. mutual funds (http://www.pisoandbeyond.com/2014/04/understanding-mutual-funds.html)
4. coop (if your company have one)
5. yourself (buy books and make sure you read them, attend seminars about financial literacy/business)

...or you can always try opening a Sari-sari store if it's still feasible in your area. (if, of course, there's someone to man the store) Here's a detailed guide how you can manage your small store

How to Succeed In Your Sari-Sari Store (http://www.pisoandbeyond.com/2014/01/how-to-succeed-in-your-sari-sari-store.html)

So by the time you finish your studies and saved enough, you can then focus on your start-up business.

Just don't put all your money on the bank (http://www.pisoandbeyond.com/2014/02/why-your-bank-savings-is-not-investment.html), OK?  :D

How does that sound to you?  :watchuthink:

 :thankyou:


Ayos 'tong suggestion mo brother ah.
Maganda 'to as passive income considering you're working pa(full time)
Title: Re: Best Business
Post by: phreyesj23 on Sep 17, 2014, 05:52 PM
Is there any study showing "success" in sari-sari store?   And how do you think TS, as a working student, can manage the sari-sari store the way the article suggests?

That's why I said:

Quote
(if, of course, there's someone to man the store)

I dunno if there's a study though, but there are countless stories out there of course.  :D
Title: Re: Best Business
Post by: yueqian on Sep 18, 2014, 02:57 AM
What are you studying at the moment?  Select a business related to your course.
Quote

- pano yun sa Psychology? LOL
Title: Re: Best Business
Post by: prnd32 on Sep 18, 2014, 09:52 AM
That's why I said:

I dunno if there's a study though, but there are countless stories out there of course.  :D

Sir phreyesj23, do you own a sari-sari store?  Kindly tell one story.   What is the ROI of that sari-sari store?  Annual growth rate? 
Title: Re: Best Business
Post by: phreyesj23 on Sep 18, 2014, 05:08 PM
Sir phreyesj23, do you own a sari-sari store?  Kindly tell one story.   What is the ROI of that sari-sari store?  Annual growth rate?

Yes, I do . That's why I was able to write an article how to manage one.   :peace:  Hmm..as for the Math (sorry can't let you see my spreadsheet  :hihi: ), the average is at 38% on returns. It may not satisfy your "success story" but I'm good with that.  :D

Quote
Annual growth rate?

Seriously??  :b_slide: :taaskilay:

Title: Re: Best Business
Post by: prnd32 on Sep 18, 2014, 05:28 PM
Yes, I do . That's why I was able to write an article how to manage one.   :peace:  Hmm..as for the Math (sorry can't let you see my spreadsheet  :hihi: ), the average is at 38% on returns. It may not satisfy your "success story" but I'm good with that.  :D

Seriously??  :b_slide: :taaskilay:


So, this is a business with no growth plans.. Goodluck sir!   :)
Title: Re: Best Business
Post by: Elmaldito on Sep 22, 2014, 05:44 AM
First, there's no such thing as "best business", much like having "investment with zero risk".  :peace:

Instead of adding income to your cash flow (and considering your age), you might want  to invest your money first on either of the ff:
1. insurance
2. stocks (http://www.pisoandbeyond.com/2014/01/a-complete-idiots-guide-to-stock-market.html)
3. mutual funds (http://www.pisoandbeyond.com/2014/04/understanding-mutual-funds.html)
4. coop (if your company have one)
5. yourself (buy books and make sure you read them, attend seminars about financial literacy/business)

...or you can always try opening a Sari-sari store if it's still feasible in your area. (if, of course, there's someone to man the store) Here's a detailed guide how you can manage your small store

How to Succeed In Your Sari-Sari Store (http://www.pisoandbeyond.com/2014/01/how-to-succeed-in-your-sari-sari-store.html)

So by the time you finish your studies and saved enough, you can then focus on your start-up business.

Just don't put all your money on the bank (http://www.pisoandbeyond.com/2014/02/why-your-bank-savings-is-not-investment.html), OK?  :D

How does that sound to you?  :watchuthink:

 :thankyou:

Ehmm.. thank for sharing
Title: Re: Best Business
Post by: Jayumaster on Sep 22, 2014, 11:50 AM
So, this is a business with no growth plans.. Goodluck sir!   :)

In my opinion, sari-sari stores have no growth rate nor plans. They are almost always put up in a way to earn cash meant for savings, other investments or for personal expenses.

Unless you want to put up a branch somewhere else or to upgrade it into a bigger store (which space restrictions apply), or converting it into a wholesale/retail store.

It all depends in the store's situation, location and market.
Title: Re: Best Business
Post by: prnd32 on Sep 22, 2014, 12:02 PM
In my opinion, sari-sari stores have no growth rate nor plans. They are almost always put up in a way to earn cash meant for savings, other investments or for personal expenses.

Unless you want to put up a branch somewhere else or to upgrade it into a bigger store (which space restrictions apply), or converting it into a wholesale/retail store.

It all depends in the store's situation, location and market.

Thanks Jayumaster for the clarification.  I was just thinking of a "real" business with growth potential and a sari-sari store doesn't qualify as one.