4 Small Businesses That Can Be Funded By A Personal Loan

Nobody dreams of becoming an employee for the rest of their lives. At some point, individuals wish to become their own bosses while building an empire. In reality, the baby steps are the hardest part of this dream; conceptualizing ideas, researching, marketing and supporting the business financially.

It does take money to earn money, and raising capital for your ideas can be very difficult. But if you have the guts to avail of a personal loan, nothing can stop you from reaching your goals.

By Burgermac from pornichet, France (bangkal davao people sari sari store) [CC BY 2.0], via Wikimedia Commons
Here are some business ideas to get you started with:

1. Buy and Sell

Selling items have never been easier with the help of internet and social media. Because of social media’s reach, a business owner can simply create accounts, build a following and post their items there. Buyers will start flocking your page in no time, thus, more profit for you.

Online selling is booming in the Philippines and it is unstoppable. Items that are accepted in the market are limitless. These include gadgets, clothes, cars and even second-hand products.

2. Food Carts

Filipinos love food so setting up your very own food business anywhere in the country has a sure market. If you love cooking, or if you have great food concepts, then maybe this career choice is for you.

Simple food can take you far, you just need to have a little creativity in food presentation and a great sense of taste. Place your cart where the crowd is and you will be fine.

3. Laundry Shop

With the rise of businesses in the country comes the rise of tall condominiums and apartments in the cities. People who live in such places may not have their own washing machines, or don’t want to do their own laundry at home. This chance is huge for laundry shops.

You can get automated washing machines for a self-service business, no human service will be needed for coin laundry. This way, you get to save the salary meant for employees to add on to your machinery. The market for this business is huge, but you will need to find a good location to succeed.

4. Sari-Sari Store

You should never underestimate the power of a sari-sari store. It can be a small store with small capital but it can be a regular source of income that can provide for your daily needs. Location is also very important.

Stock on items that people would most likely buy at odds times of the day and that they can easily purchase in individual packets or smaller amounts. Items like eggs, milk, condiments, junk food and beer and load services are some of the most in demand in sari-sari stores.

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