If there’s one thing people in the social media generation should be thankful for, it’s their exposure to the innovation, growth, and success of individuals in different areas. Upon seeing these, visionary youth will almost always move soon enough and carve their own paths, following the footsteps of the people they resonate with. In the business scene, many Filipinos in their 20s have launched their brands and have begun their own enterprises.
But having dreams and being inspired by the success of others may not be enough to get you started on the right foot. If you’re one of those who haven’t made up their minds yet on what business to try, we have some great suggestions.
The business of food
Everyone needs to eat to survive, but not everyone needs to eat pastries, drink milk tea, or consume items that may be considered not essential for your daily nutritional needs. Still, many go into the food business offering these specialty foods—to their customers’ convenience and delight. What’s so great about the food business is the wide spectrum of offerings. As a seller, that’s to your advantage. As a foodie or even as a simple customer, that’s to your satisfaction.
The business of paying bills
Paying for goods and services in the digital era has become convenient with the help of digital wallets, mobile banks, and other related platforms. But those who don’t want the hassle of setting up and maintaining accounts resort to bills payment hubs, making them another considerable business option.
The business of convenience stores
The neighborhood convenience store, traditionally called “sari-sari,” remains relevant, as it is still far easier to go to such a store than to the supermarket when all you need are one or two items you missed on your grocery list. What’s good about opening this kind of business is it doesn’t require that much capital. Plus, sari-sari stores are also compatible with online ordering and deliveries.
The business of used clothing
One only needs to tidy up used clothes, and, presto! You’ve got a secondhand clothes business, or what we call in these parts as ukay-ukay. What’s even better about establishing this venture is entrepreneurs now use social media to promote their items live and use delivery and digital payment platforms to complete transactions.
The business of buying and selling
The buy-and-sell business offers perhaps the most variety among the lot. There are lots of ways to buy and sell. A classic example is marketing personal items like gadgets, beauty products, home furnishings, musical or sporting equipment, and various accessories. Another buy-and-sell method involves buying items in bulk and at a lower price, then selling them in retail for a profit.
These are just a few of the many ways you can be successful as a business person. Keep in mind, though, that a business doesn’t exist and thrive in and of itself. A successful entrepreneur also takes into careful consideration the various factors integral to its growth. These include the cultural or economic conditions of the business location, the venture’s structure and management, and the leadership and staff’s attitude and character.
