Sikap Pinoy

Helping Filipinos To Be Financially Independent

Archive for March, 2009

Mar
13

Refreshment Business is “In” this Summer

Posted by: myrobert

It’s summer time! One of the most anticipated season here in the Philippines, because summer is equal to vacation for students and lucky employees!

However, summer means tremendous heat as well! Especially now that we can feel total climate change. But! don’t just dwell with the heat, take it as an opportunity to open for a surely click business like Refreshments!

Selling Halo-Halo, shakes and smoothies were one of the click business for summer. You don’t have to exert more efforts to advertise your business because people were the one who will look for your stall!

Plus, putting up this business is very affordable thatn you can sell it just beside your house!

We have should look “summer” not just the time to have fun and unwind, we must grab  the great opportunity it brings like starting a small business.

Published in: Making Money, Tips
Mar
10

Einstein’s Rule of 72

Posted by: myrobert

Aside from the famous E=mc2, that scientist Albert Einstein formulated, he also create the Rule of 72 that aims to help manage your financial income. Here’s how it works:

Step 1: How long does it takes to double your money?

This aims to help you determine how long it would take for your investment or debts to double. Just divide the number 72 by the percentage rate that you are paying in your debt and investment.

Saving Account: 500

Interest rate: 4%

72 divided by 4 is equal to  18. Therefore, you will have 36 months before your money doubles.

Step 2:  How many times will money doubles?

Determine how long you will keep your investment before you withdraw it. And just divide it on the years/month (like the answer you figured out in step 1) that your money will double.

You can see that if you can make your investment double a few more times by making slightly better investments, you can end up with many times more money!

So, use the Rule 72 and figured out now how to make your investment double in just a short span of time!



Published in: Making Money, Investment
Mar
5

Top 5 Food/ Kiosk Franchise for less than P300,000

Posted by: myrobert

We have to go venture in small business if we want to earn more! There are now affordable business franchise that are worth P300,000 and less and is complete with packages. These kiosks mostly cater cheap street foods that will surely loved by people, especially now that were in the midst of crisis.

Here are Top 5 Business Franchise that is cheap yet profitable:

1. Siomai House- This Siomai Franchise has been quite famous in malls and LRT and MRT stations around the Metro. With just P250,000 franchise fee, you can have complete kitchen packages, uniforms, food supplies and other free incentives.

2.  Hong Kong Style Dimsum and Noodles- This franchise costs for only P100,000! The package is complete with cart, utensils, food supply, etc. HKSDN is a favorite food hub in LRT and MRT Stations and in other malls around the country.

3. Minute Burger- Minute Burger is one of the oldest and established burger kiosk around the country. They offer affordable burgers and drinks that is why people love eating out at Minute Burger. Minute Burger Franchise only costs P100,000.

4. Lugaw Republic- For only P100-300k, you can have Lugaw Republic Franchise! Filipino just love eating lugaw and by having this business it will always be “tubong lugaw“.

5.  RBX Rice in a Box- For only P200,000 you can have your own rice in a box food store.

Remember that getting into business needs a lot of research and strategies, the mentioned franchise will not be successful unless thorough efforts are made.

top blogs