ofw with businesses in the philippines

**prysm_1** · January 11th, 2010 09:55 AM

Hello

Tanung ko lang kung meron mga ofw dito na meron business sa philippines.

Tagal ko na mag start ng business pero, mahirap mag research pag nasa abroad ka.

dun sa mga may plannong mag start, paano kayo nag re-research?
dun sa mga meron ng business paano niyo mina-manage?

regards
prysm

**ghosthunter** · January 11th, 2010 10:22 AM

That is a problem if you plan to have a business that you cannot manage yourself because of distance or some other obligation.

You will have to hire someone you can trust to be your manager. But that would also mean you will need to be here to manage the setup phase and to hire the correct persons to be the manager and staff of that business.

Alternative is to have a local business partner. You will provide part of the start up funds for the business. But even with this, you have to pray hard that your partner will not swindle you out of your share of the profits.

**prysm_1** · January 11th, 2010 11:32 AM

Originally Posted by ghosthunter

That is a problem if you plan to have a business that you cannot manage yourself because of distance or some other obligation.

You will have to hire someone you can trust to be your manager. But that would also mean you will need to be here to manage the setup phase and to hire the correct persons to be the manager and staff of that business.

Alternative is to have a local business partner. You will provide part of the start up funds for the business. But even with this, you have to pray hard that your partner will not swindle you out of your share of the profits.

Yup, Eto matagal ko ng pinag-iisipan.

**ghosthunter** · January 11th, 2010 12:07 PM

The best option is the last one. You'll have to find a local (philippine based) partner who can do all the work and part of the initial investment as well.

You will provide the other part of the financial investment.

The hard part is deciding how much percentage the partners will get.

An alternative to partnership is corporations where five or more people is involved.

**prysm_1** · January 12th, 2010 08:36 AM

Ghosthunter

thanks, meron na ko idea ng mga options.

prysm

**CamaroZ28** · July 13th, 2010 04:11 PM

Gentlemen,

Ano na ba ang magandang gawing business sa Pinas na affordable, like with a capital of less than 1M?

**Alchemy** · September 12th, 2010 05:05 PM

One of the best investment you could engage when you are working abroad is the stock market, study the stock market, manage your risk. The average growth of our market since year 2000 to present is 20 per annum, it very high compare with time deposit that earns 3 % per annum.

**ruff** · September 14th, 2010 09:13 AM

Originally Posted by Alchemy

One of the best investment you could engage when you are working abroad is the stock market, study the stock market, manage your risk. The average growth of our market since year 2000 to present is 20 per annum, it very high compare with time deposit that earns 3 % per annum.

And how are we gonna do this?..just a tip to start with.

**Alchemy** · September 14th, 2010 06:33 PM

Visit the philippine stock exchange website and read the investing procedure. For any inquiry just post your qestion and I'll be provide you input regarding your investment venture.

visit this website:

http://www.pse.com.ph/index.html

**gelahascue** · September 25th, 2010 08:38 PM

As an OFW, we always think of long term investments after we retire..I invested in houses and lots and we have a lending business and lanzones farms..