If I didn’t do that side hustle then, I wouldn’t have known my cookies were good enough to be sold to strangers that didn’t buy for charity, but because they really liked it. 20 Small Business Ideas in the Philippines for 2020 Manny January 15, 2020 263 Comments Making a living in the Philippines can be hard if you are only looking in one direction, and that is, employment. Like everybody else facing financial uncertainties, I had to come up with a plan since I won’t be flying anytime soon. Look for groups on Facebook and Viber for supplies, materials, ingredients, and even couriers. New Small Business Ideas in the Philippines with Small Capital. There are plenty of good reasons to start a business this 2020, especially if you have the skills, the opportunity, and the resources needed to do start something new. We decided that I would be in charge of design and production while he took over creatives and marketing.”, “I’ve been in working in corporate since I graduated, so starting a business is a totally different ball game. As an employee, your KPI’s, targets, etc. When COVID-19 was classified a pandemic earlier this year and governments started to impose lockdowns and quarantines, we knew that small businesses would struggle to stay open. I’ve partnered so far with Tugon Ateneo, an organization from Ateneo that helps survivors of child sexual abuse and abandonment. Sourcing ingredients was so difficult! Living in abundance was always the goal, but with everything that’s been happening, it made me see the importance of being satisfied and content with what I have. So it's a really different world and we both don't have any experience in home furnishings. Before I had to go on leave, I barely had time to explore my other interests. They will build new businesses to respond to those changes. “All I can say is, just do it. With a goal to help Filipinos lead healthier financial lives, Moneymax regularly publishes tips and tricks on personal finance and lifestyle, among many other topics. I don’t do well with numbers but I had to learn how to do costing, profits and losses. ‘What would make BARE stand out?’ Another one was navigating through this pandemic. Bonus points that I don't commute or spend money eating out!”, “It was a bit hard communicating with my clients at first. 1. You have an idea? The timeliness and extent of response are critical in determining whether SMEs can stay afloat during the COVID-19 crisis. As an entrepreneur, if you understand and adapt to your challenges, you could start a thriving business during this pandemic. Baking cookies gets a little lonely with just the sound of music, clinking of the steel bowls, and the alarm of the oven. During the pandemic, the number of newly registered businesses in the Phiippines went up to 916,163 as of December, 2020 - the highest growth rate since 2010. Then when the ECQ happened, I decided to just do it and shift! I'm a solid introvert so it's quite difficult for me to constantly have to talk to people. In my regular job, I had to be face to face with my clients and other people, constantly in conversation. The 2011 Workplace Employment Relations Study (WERS) in Britain revealed that smaller enterprises (5 to 249 employees) were more likely to be negatively affected by economic shocks, relative to large enterprises (250 and more employees). It was so tiring. Since we're also a new business, our team is only small so we work day and night to get everything done. “It was a 9-5 marketing stint, wherein I had to travel 2-3 hours to get to the office! So if you’re considering investing in a wine and liquor franchise business, it may be a good idea to offer online deliveries to adapt to a post-pandemic society. Subsequently, the government also unveiled a financial aid package worth ₱51 billion to subsidize wages and provide loan guarantees to MSMEs. Online Selling … I realized how blessed I am to still be employed and to have the capacity to start my passion project. At the time, it was for extra funds for my dogs’ veterinary care (surgeries, cancer, general maintenance), and a productive break from the rigors of being a makeup artist.”, How different is it from your job as a makeup artist? It also made me realize the importance of giving back, which is what we will do for our next collection. 13. Lots of riders also took advantage of the low supply and high demand of delivery that they would charge a lot higher, so it was extra difficult to find riders who would take it for the price based on the delivery apps since that’s what we charge our customers. I also learned how to do the labor-intensive tasks such as organizing the clothes in the warehouse and shipping out orders.”, “The discernment process on whether I’d do it or not was a big challenge at the start. What’s the best thing about opening your new business? But when I got the hang of it, it's actually really nice.”, I can work at my own pace. I literally got asked, ‘Mayaman ka naman bakit ka nagbebenta ng cookies?’ My parents would’ve been more than willing to split the veterinary expenses with me, but I didn’t want to ask. I love the relationship that I am building with my consumers and I think helping them explore their self-expression through makeup and my products has made my career shift meaningful.”, “Believe in yourself and honor your own pace. Honouring your own pace is the greatest form of self-love that would set you up and sustain you for success.”, “I have always wanted my own business and be a boss for as long as I could remember. Find out more here. So we’ve decided to hire someone to help me with the orders. Rest when you need to but don’t give up. Lots of riders also took advantage of the low supply and high demand of delivery that they would charge a lot higher, so it was extra difficult to find riders who would take it for the price based on the delivery apps since that’s what we charge our customers. 9 profitable Business Ideas to Start during Coronavirus Pandemic, Plan as early as Possible. I was anxious, but never ashamed, that this crisis forced me into unemployment and needed to find other ways to make a living. I’m also an aspiring makeup artist and I love how Lash Party lets me discover and connect with a lot of amazing artists and creatives. There’s this stigma na pag rumaraket, gipit or nangangailangan, like it’s a bad thing. If I didn’t do that side hustle then, I wouldn’t have known my cookies were good enough to be sold to strangers that didn’t buy for charity, but because they really liked it. I’m used to talking to strangers with my original job, but when talking to our customers, I realize I’ve adapted a certain tone and manner of speaking: -customer service, bubbly and sweet to match the homemade branding. This is where drive-in movie theater takes their spaces. It’s scary at first, but what isn’t?”. I could feel the excitement around my brand’s following and got inspired even more to power through. Rooted in our basic needs, here are the best business ideas in the Philippines you can venture on: 1. At the time, it was for extra funds for my dogs’ veterinary care (surgeries, cancer, general maintenance), and a productive break from the rigors of being a makeup artist.” The Singaporean government is providing wage subsidies to help enterprises keep their workers and a three-month deferment of income tax payments for companies and self-employed persons. I’m used to talking to strangers with my original job, but when talking to our customers, I realize I’ve adapted a certain tone and manner of speaking: mas pang-customer service, bubbly and sweet to match the homemade branding. By choosing from the best business ideas in the Philippines that fit your values and market, you already have the battle half-won. Nothing beats doing what you love, and earning from it!”, CelebrityGreetings.PH, a celebrity video shoutout booking website for local celebs, “We’ve always wanted to try this business out for years already, but we didn't have the guts and the time to start it. I had to put an extra mattress on my bed every time I was on my period to make sure I don’t stain my bed. “My beauty business has allowed me to express more of my artistic side that I don’t really get to maximize in-flight. I didn’t even know where to start with little to zero resources at that time. Living in abundance was always the goal, but with everything that’s been happening, it made me see the importance of being satisfied and content with what I have. 61% of small-medium businesses (SMB) in Asia Pacific have reported a fall in sales due to the Covid-19 pandemic. The bonus was everyone was doing it anyway: Online businesses were popping out here and there.”, How different is this business from your day job? Working at a fashion brand, then eventually going to fashion school pushed me to start a fashion-related business that I’ve believed in for such a long time, which was period underwear. The effect couldn’t even be more glaring and damaging in the Philippines, where micro, small, and medium enterprises or … That's why she and I make such a great team.” - Janelle, “For me, it's our partnership with #TaraTulongTayo of @tara.baraha! The couriers stopped shipping goods and delays were experienced at the customs. Online Selling … What’s your advice for Pinays who want to start side hustles and small businesses now? “A complete 180! We decided that I would be in charge of design and production while he took over creatives and marketing.”, How different is this business from your day job? The first step to success is to believe in your capabilities. By continued use, you agree to our privacy policy and accept our use of such cookies. Adapt to survive indeed. Small Business Ideas for Pinoys With Small Capital 1. When lockdown started, I realized I had a lot of free time on my hands—more than I’ve ever had to be honest—so I figured it was now or never!”, How different is this business from your day job? If you’re looking for a way to make a significant change in your life this 2020, I hope this article will give you a head start. I was starting to feel discouraged. The little things like giving tips on how to apply false eyelashes or recommending which type of falsies enhances my client’s beauty make me tick and hopeful for my brand. I thought giving my suppliers the go signal for production pre-lockdown was enough for everything to run smoothly. I also learned how to do the labor-intensive tasks such as organizing the clothes in the warehouse and shipping out orders.”, “In a way, what I am doing now is similar to what I did in my corporate job. Like everybody else facing financial uncertainties, I had to come up with a plan since I won’t be flying anytime soon. Local movie theaters are seen as less safe during a pandemic because they encourage the gathering of people in a small space. On average, this business can net you between ₱1,000 to ₱2,000 per month if you can sell a total of ₱10,000 to ₱20,000 worth of load. I started second-guessing if now is still a good time to sell my products and whether there would even be a market to engage. 20 Small Business Ideas in the Philippines for 2020 Manny January 15, 2020 263 Comments Making a living in the Philippines can be hard if you are only looking in one direction, and that is, employment. “, What’s your advice for Pinays who want to shift careers or start side hustles and small businesses now? “I have no business experience or background. We're happy that Emilia gets to help our, deeply affected by the pandemic even just in a small way.” - Janelle, “Just go for it! Cleaning businesses = The cleaning business is experiencing a surge during this coronavirus pandemic. I literally got asked, ‘, cookies?’ My parents would’ve been more than willing to split the veterinary expenses with me, but I didn’t want to ask. I almost quit Emilia because it was taking a toll on my mental health but Nicole swooped in and saved the day. Millions of business owners are scrambling to reinvent their businesses. This was always something I wanted to do again. Photo c/o Small Business Sense. If SMEs, which are typically unable to obtain loans from formal credit markets, are denied access to finance during an economic downturn, this may result in job losses on a massive scale. Drive-in movie theater is a business that allows people to watch movies from their car, which is a great way to make people come out of the house. 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