Business IDEAS for 100k
Having your own business is the sure way to financial freedom. When you are your own boss, that’s when you totally enjoy financial independence and be able to do whatever you want without the restriction of an eight-hour job. It only takes creativity to know how to make money. If you have an entrepreneurial spirit, gather your courage now and to start your own business. Start with a small business and work hard to grow it. Here are some business ideas that can bring you good profit that requires less than ₱100, 000 for the capital:
Business Idea 1: Street Food Business
Estimated start-up capital: ₱5, 000 - ₱10, 000
For a very low capital, you can have your own business plan with a street food stall. Street foods are considered as a good source of income because Pinoy sure love street foods. You can go for the usual kikiam, fishball, squid ball, chicken ball, or go for more varieties like barbecue, calamares, and tokneneng. You can earn as much as ₱500 in a day especially if you get a really good place where there are plenty of people. Best locations are around schools or the market.
Business Idea 2: Gotohan and Mamihan
Estimated start-up capital: ₱5, 000 - ₱15, 000
If you have a talent in cooking and you live in a place where people work early, you can set up a Gotohan and Mamihan and start earning as a business idea. You have to pick up a place though, renovate it to accommodate customers, and think what other products you’re going to offer. You should also decide whether your gotohan will be open 24-7 or for a set time only. You should also consider if you’re going to hire other people or you’re going to make it by yourself.