Posts Tagged ‘job’
Make Your Own Job – An Alternative To Employment
Making or buying your own job is an alternative to finding employment. When I say making your own job I am referring to starting some sort of small business, being self-employed in other words. There are still restrictions on what you can do, but there are many ways in which to do most things and still operate within the law.
Starting a small business in a foreign country requires a lot of research and understanding of local conditions. Most business ventures will also require some capital, but there are many that can be started with a very small amount of money. Perry and I have both successfully operated a number of small businesses and our experience and advise could be invaluable to anyone contemplating doing the same. We have also had some failures and learning about these can be just as helpful.
First of all you need to realise that at the low end of the ‘investment of capital’ scale, your ROI, or return on investment will be similarly low. Here you are simply buying yourself a job. If you invest more money you will move more into the true business owner category. This means you have a staff working for you and managers you can trust to leave to look after your business while you are absent.
Give some thought to your choice of business. You don’t want to compete with the locals on anything labor intensive unless you hire a few to do the manual work. Who wants to slave in the hot sun all day for five bucks? Anything that will earn a decent return will limit your target market as there might be 90 million people in the country but fewer than half have much in the way of discretionary income.
The upside of starting your own business is that if it doesn’t work out as planned, you can shut it down and move on to the next project. Do give things a decent go but don’t be afraid to change horses midstream, especially if the nag is drowning under you. Dis is da pilipeens and there will be plenty of reasons why something didn’t work out as planned and most will be beyond your control.










