Solid reliable business ideas?

Last activity 04 September 2017 by FortuneFavorsTheBold

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simon ft.New member04 September 2017 06:55:22

Looking for advice from those with experience. Researching possible businesses to buy into (not necessarily operate hands on myself - fronted by Filipinos) for about 1 or 1.5 million php. Prefer Davao or Cebu but Manila is 3rd option. Some ideas i have gleaned just by browsing for sale ads online are self service laundromat (couldn't find one in Davao last time I was there, although they must be there somewhere), generic drug pharmacy, bakery franchise, established water refilling station. Frustrating part is they almost never put their gross or nett in ads. I am looking for something proven and solid/reliable. Currently in Oz, thinking about the big jump or even just sponsoring someone else into a business (a good friend, not partner).

FortuneFavorsTheBoldBanned04 September 2017 09:38:11

736

If you think you can run an absentee owner business here, just give me your money. Open an Internet Cafe and the equipment will be sold, a sari sari store the profits will literally be eaten, a fish farm the fish will never grow because the big ones will be replaced with small ones without you being told about it. I can give you many more true story examples but I think you get the idea.

simon ft.New member04 September 2017 11:13:50

Wow. A presumptuous, seen it all cynic on an expat forum!

I am shocked!

FortuneFavorsTheBoldBanned04 September 2017 11:17:33

736

Yep. The truth and harsh reality hurts.

FortuneFavorsTheBoldBanned04 September 2017 11:19:56

736

Simon ~ Perhaps you think it is a better idea for him to lose all of his hard earned money and learn the hard way?

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