Join John Adams, world renowned Intl Matchmaker, Thurs nights 8:30 EST for Live Webcasts with FREE Prizes!
And check out Five Reasons why you should attend a FREE Live AFA Seminar! See locations and details.


Scam free! Check out Christian Filipina - Meet Asian women with Christian values! Members screened.
Exclusive book offer! 75% off! How to Meet, Date and Marry Your Filipina Wife



View Active Topics       Latest 100 Topics       View Your Posts       FAQ Topics       Switch to Mobile


Opening a store in Philippines?

Discuss working and making a living overseas, starting a business, or studying abroad.

Moderators: jamesbond, fschmidt

Good idea?

Yeah, it could work
0
No votes
Not sure
1
100%
Aw, hell no! Don't even try.
0
No votes
 
Total votes : 1

Opening a store in Philippines?

Postby YoucancallmeAl » Sat Jan 01, 2011 7:55 pm

Back in the 90's it was always my dream to run/own my own used record/book/video/multi-media store. But I never had quite enough funds to start it or good enough credit to get the necessary loans.

But now that I'm going to RP, I'm considering the possibility again. From what I've read, RP is a bad place in general to try to start a biz (other than online) as most are poor and making a decent Western-standard living from your biz would be very difficult. But damn it, I still love the idea. And with the $ I'm bringing with me, I might just have enough to rent a small shop space and start it up. (although I think under RP laws, I'd have to have my biz filed under my future Filipina wife's name or have a Filipino business partner, which of course presents some risks).
Cebu (with the advantage of a large population of wealthy expats as potential customers) would be my prefered location.
My start-up budget would be around $6000 USD max. Since most everything is so much cheaper in RP, would that be enough to get the store up and running (register, shelves, counter, and at least 500 pieces of used inventory + first 6 months rent)?

If no other options are available, I'll go ahead and do the online English teaching for income. But I'd much prefer to be able to make a living without having my head buried in a computer screen all day.
YoucancallmeAl
Freshman Poster
 
Posts: 126
Joined: Thu Nov 04, 2010 4:50 am







Postby crazyaboutabroad » Mon Jan 10, 2011 8:34 pm

Well people here are really against open a business in RP. I had that idea too but people are really experienced, and always the expats who goes against them end up screwed.

Better open an online business. Man, we just need 2.500 USD dollars to live like a king in RP, we can make some online thing work it out
Searching my new place where i'll be millionaire and loved.
crazyaboutabroad
Freshman Poster
 
Posts: 34
Joined: Sun Jan 09, 2011 7:16 pm


Return to Working, Studying and Making A Living Abroad

Who is online

Users browsing this forum: No registered users and 1 guest

cron