What is the most ideal Business to put up if you have P20M and up Funds?

[pogy_uy]

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@honey

If you are a businessman, doubling your money in 5 years is not a SHORT time. There are many businesses that can double your money in a year or 2 however, you have to get your hands dirty to be able to do this unlike the double-your-money opportunity that some MAJOR banks offer FIRST to their PREFERRED CLIENTS.

You are quite right about one thing, this has a limit - in terms of amount and in timing. I even doubt a major bank is going to offer this at the current situation but with 20M, ANYONE WILL LISTEN TO YOUR CONCERN. So, bring it up with any major PHILIPPINE based banks and you never know.

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Also, just in case the owner of 20M do not have the right mind and attitude to get down and dirty with a business or an investment - pang empleyado ra so to speak - then he/she is better off investing in further studies at a first world country that also comes with a job opportunity. Say for example Canada's "coop" or "co-op" educational system wherein a student can study at least 6 months and work up to 2 years afterwards (depending on which province - kung adto ka sa bugnaw kaayo ug walay tao nga mga lugar, 2 years pwedi)...

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anyway, 20M is a lot of money and with the right imagination OR RESEARCH lang, it can easily be put to work for the owner....

Very well said MeMing

[honey2723]

@honey

If you are a businessman, doubling your money in 5 years is not a SHORT time. There are many businesses that can double your money in a year or 2 however, you have to get your hands dirty to be able to do this unlike the double-your-money opportunity that some MAJOR banks offer FIRST to their PREFERRED CLIENTS.

You are quite right about one thing, this has a limit - in terms of amount and in timing. I even doubt a major bank is going to offer this at the current situation but with 20M, ANYONE WILL LISTEN TO YOUR CONCERN. So, bring it up with any major PHILIPPINE based banks and you never know.

@ meming

you are right, i'm not yet a businessman (or woman) as i am still learning the ropes of business. I've been wanting to put up a business of my own but quite hesitant because i cannot afford yet to loose the capital since i have a family to feed. and i do apply what i've been preaching, i don't meddle in a business venture wherein i'm not fully ready. I already have a business in mind i'm just waiting for the right timing.

anyways, I am a passive investor, however. you maybe right that in business 5 years is not a short time. Within 2-3 years you could double your money, and within 5 years you could still end up closing your business. I've seen it happen. And I guess that you would agree that in business the ups and downs is part of the business cycle. So, if a businessman is not ready to weather out the down cycle, then it would be a risky deal. Mas nindot man jud nga magdugay ang business para dili start from scratch na pud... di ba?

Anyways, my advice mostly apply to the general public since only a small percentage of Filipinos are PREFERRED CLIENTS. If you are one of them, HATS OFF TO YOU MY FRIEND!

In my field however, finance consultancy, 5 years is still a short term. In one economic cycle, it is averaged to be @ 8 years. (For those who don't know what economic cycle is, that means the ups and downs experienced by the economy and number years relevant for an economy to weather out an economic crisis...) And as a finance consultant, the job entails to manage the risk borne by the investor. So, if I were to advice a client to put all his money in a double-your-money scheme, I have to make sure that he has the risk appetite for it. But for the majority who can't afford to loose their capital, it would be such a risk.

I would like to add something, banks are designed in a way to provide short-term investment vehicles, while there are other companies designed to provide long-term investment vehicles. So, if you plan to grow your money in the long-run, banks are still not the best place to put them in. Just some input. (And again, i'm still sticking to the number of years when i say long-term (8 or more years) and short-term (5 years or less). )

OT MeMing, If you are one of those successful business, maybe I could get you as an advisor for my future business?!

[MeMing]

@honey

unfortunately, you are not barking on the right tree if your looking for a successful businessman YET (hehe...)

I had to close my business of almost 4 years because I'm preparing for migration and other personal reasons. hehe...

But I consider myself a natural alchemist (KUNO), so i'm constantly on a business in some way or another. just not a major one again (meaning less than 100k in capital... the business I had to close had around 800k in total investment..)...

Just like you, I am also a parent now and i've realized being a parent makes everything else in life easier... Before I had an offspring, my mind set used to be, doing good in business is the hardest thing... So in time, i'll be back on the game with an even stronger mind set... COMING SOON nalang! haha...

bitaw, sorry for the OT.

again, with 20M, ANYONE WILL LISTEN TO YOU. it does not matter if you have banked on a certain bank as long as you have that money, the manager of a bank branch should kill himself if he won't entertain you...

ALSO, with 20M and the appetite to risk a lot for the possibility of gaining a lot, then FOREX could be a good idea.... and as what honey said, just don't put all your eggs in one basket especially in FOREX - where you are bound to get burned if you let your emotions get to you.... just always be prepared to LOSE what you will expose (per AYALA)...

[gdd]

@honey

xxxxxxxxxxxxxxxx

Also, just in case the owner of 20M do not have the right mind and attitude to get down and dirty with a business or an investment - pang empleyado ra so to speak - then he/she is better off investing in further studies at a first world country that also comes with a job opportunity. Say for example Canada's "coop" or "co-op" educational system wherein a student can study at least 6 months and work up to 2 years afterwards (depending on which province - kung adto ka sa bugnaw kaayo ug walay tao nga mga lugar, 2 years pwedi)...

xxxxxxxxxxxxxxxx

anyway, 20M is a lot of money and with the right imagination OR RESEARCH lang, it can easily be put to work for the owner....

Knowing the owner of P20M myself, for sure he is more than in the right mind and attitude. Getting down and get dirty is just a part of his many plans; He is a career person with more than adequate knowledge in running a business. Putting this idea on the thread is just to supplement his many ideas within his strenght, and it helps a lot. Thank you in his behalf. He's brilliant but still he believes that two heads are always better than one. He is an engineer by profession, but there are medical doctors who became successful in manufacturing business, hope it make sense. You are correct, right imagination and research may help decide what to do with the amount or what business to get in. And who knows, somebody out there who have had experience putting such amount or more in a business and became successful may share his experiences via this thread.

[cirext]

My Top Choices and Reasons:

1.JOLLIBEE FRANCHISE.
Food is crisis-proof. Jollibee name is synonymous to basic need of Pinoys in the city nowadays.
Never runs out of customers.

2. REAL ESTATE (Leasing).
Everybody needs Shelter. You have a wide market on this because of Cebu is flooding of local & foreign tourist - transient or permanent.

Bottomline: Invest in Basic Needs

[al1974]

Some thoughts I'd mlike to share...
1. Jollibee franchising is now close to 25M and they won't approve your application if you only have that amount because Jollibee wants to be sure that if your branch will not earn right away, you can still have funds to survive.
2. Real estate business- this can go a long way for a discussion- it could be an apartment for rent, a buy and sell housing and/or lot scheme, a commercial establishment for leasing, etc. This business also has longer ROI.
3. Transportation- if taxi is on your mind, you will not survive if you only have say 10-15 units. Maintenance alone will eat your earnings after 2 years.

I am not being pessimistic but there are still business that might suit your friend's need- it should be something that he has passion for and will find pleasure in doing it. Something that he is willing to do and willing to sacrifice for. After all, enterpreneurship is not for the faint of hearts, as John Gokongwei said.

[r3roble]

sus... kadako aning 20M oi...

it depends sa iya ganahan.. or sa iya field of expertise.. if your friend likes food, maayo gihapon ang business nga nag involve ug food.. labi na ug sya mangunay...

[froi]

pgka.unan br0..kai mahalin jd..

[holaysan]

what I can advice is do not invest the entire 20M into 1 basket.
Spread it out 1/3 of it put it in bank even it if is not earning mush as liquidity reserve.
The 2/3 invest in business that you really like. It makes no sense in investing in business you do not like it will surely fail since you do not have the passion for it. Since this is a big amount 2/3 of 20M is around 13M spread it to several investment or business. And make sure that whatever investment you are making would not break you in case it fails. Always have an exit strategy when going into business.

[enricoquezada]

i think the best are food, realty or financing...