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Best Business

yueqian · 18 · 4450

yueqian

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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.


Homeboy

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Reply #1 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!


EngrjEEpoy

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Reply #2 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


yueqian

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Reply #3 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


LiveLoveInvest

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Reply #4 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:


prnd32

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Reply #5 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.


phreyesj23

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Reply #6 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
3. mutual funds
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

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, OK?  :D

How does that sound to you?  :watchuthink:

 :thankyou:
« Last Edit: Sep 17, 2014, 11:11 AM by phreyesj23 »


prnd32

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Reply #7 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
 

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?


DonT

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Reply #8 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.


grayback_01

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Reply #9 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
3. mutual funds
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

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, 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)


phreyesj23

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Reply #10 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


yueqian

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Reply #11 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


prnd32

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Reply #12 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? 
« Last Edit: Sep 18, 2014, 09:55 AM by prnd32 »


phreyesj23

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Reply #13 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:



prnd32

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Reply #14 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!   :)


 


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