Entrepreneurship in the Philippines: Small Business Overview

**Here are the lists of the most common small businesses in the Philippines** **1. Sari-sari store.** There are approximately more than one million sari-sari stores in the Philippines. Situated in almost all neighborhoods, these convenience stores provide affordable basic retail products to nearb...

**Here are the lists of the most common small businesses in the Philippines** **1. Sari-sari store.** There are approximately more than one million sari-sari stores in the Philippines. Situated in almost all neighborhoods, these convenience stores provide affordable basic retail products to nearby communities. A sari-sari store is one of the easiest businesses to set up due to the minimal capital required and because it can be managed at home, where the business owner lives. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- **2. Rice retailing.** Because rice is the staple food of Filipinos and other Asian countries, rice retailing business is very common in the country. According to the infographic presented by Rappler (2012), Filipinos spend 20% or 20 centavos per every peso for rice. An average Filipino consumed an average of 92 kilograms (kg) of rice from the 1980s to 1990s kg from 2008 to 2009, and 119 kg from 2009 to 2010. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- **3. Food cart business.** This business is also very popular in the Philippines. The number of food cart businesses is not as big as the number of sari-sari stores, but food carts are present in almost every populous location. They are usually located inside or outside the malls, schools, parks, train stations, and offices. Popular food items sold in food carts are dumplings (siomai), boiled fertilized duck eggs and quail eggs deep fried in batter (tokneneng and kwek---kvvek), fish balls and squid balls, burgers, fried noodles, shawarma, hotdogs, sandwiches, pizza, donuts, and pastries. Popular beverages sold by food carts are sago\'t gulaman (tapioca pearls and jelly), soft drinks, mineral water, milk tea, coconut juice, and other juices. Food cart businesses are usually under franchising arrangements. **4. Printing business.** This business is also lucrative in the Philippines because the demand is very high. Usually situated near schools and offices, printing businesses cater to the needs of students for their projects and also to offices for their advertising and business requirements (flyers, billboards, magazines, newspapers, journals, and calendars). Printing businesses also cater to the printing demands of occasions such as weddings, anniversaries, birthdays, funerals, and graduations. **5. Buy-and-sell business.** This business is one of the emerging businesses in the Philippines, and it is not just done traditionally in brick-and-mortar stores but also over the Internet. The influx of buyand-sell web sites has changed the behavior of how Filipinos exchange goods in the most efficient and practical way. Everyone can technically be a seller even without an actual business. **6. Street food business.** Just like the food cart business, this kind of business is widespread in the Philippines. Street food businesses are literally located in streets, selling almost the same food products being sold by the food cart business. Majority of the street food business owners are selling grilled food items such as barbecue. Some unusually popular street foods are isaw (chicken intestines), betamax (chicken blood), and adidas (chicken feet). The famous balut (developing duck embryo) is also sold in the streets. These street food businesses have been successful and are timeless. **7. Flea market business or tiangge.** In this type of business, entrepreneurs set up a small space and sell any type of goods in a palengke setup that is normally in an open space. Customers are more interested to buy from these flea markets because they can bargain for the price. Products being sold range from clothes, to food items, to souvenirs, and to household effects. **8. Online selling business.** This business deals with adding the Internet as a marketing and transaction channel for selling. This is very similar with the buy-and-sell business, except that the focus is on selling existing and established products online. The Internet has revolutionized the way Filipinos transact business. **9. Laundry and cleaning business.** This type of business is often located at central business districts and areas with several condominiums and town houses. These business establishments also have a significant presence near schools, dormitories, and apartments. One thing common about the residents of these places is that they do not have enough time to wash and dry their clothes and just give the job to the laundry and dry-cleaning business. The business owner should follow hygiene requirements before starting this business. **10. Hair styling and makeup business.** One of the successful businesses in the Philippines is the hairstyling business, which includes parlors and barber shops. Aside from the core service of giving haircuts, this business also offers auxiliary services such as hair treatments (perm, straightening, highlighting), massage, and nail styling. Filipinos are generally conscious about proper grooming and hygiene, so that\'s why this business is profitable. **11. Spa, gym, and nail care business.** Related to the hair styling and makeup business is the spa, gym, and nail care business. One of the ways Filipinos cope with stress is by going to a spa. This business offers a range of massage treatments that can relax the stressed areas of the body, as well as other skin treatments such as facials and body scrubs. Filipinos now also go the gym because more Filipinos are becoming health-conscious. Nail care is very much enjoyed by Filipino women who avail of a manicure, a pedicure, or both. Filipino men are also focusing into their overall appearance these days. **12. Video and photography business.** This business requires talent in capturing precious moments of celebrators in weddings, birthdays, anniversaries, graduations, and other important events. This business is gaining popularity because of the presence of social media, where videos and photographs are supposed to be shared to other people. **13. Tutorial business.** This business caters to students who are not able to catch up with their lessons, or those who just want to be ahead in class. A tutorial business is composed of experts in a particular field who transfer their knowledge to another for a fee. In the Philippines, the tutorial business has become an important aid in reinforcing and enriching the students\' basic education knowledge. **14. Baking business.** A lot of bakeries are present in almost all neighborhoods in the Philippines because bread is the second staple food of Filipinos. Pan de' sal is the most common bread being offered by this business. **15. Web site development and design/blogging.** The popularity of the Internet brought so many opportunities to Internet-savvy budding entrepreneurs. In this business, the Web site developer conceptualizes and implements a Web site for another business whose objective is to inform, persuade, and remind its customers. Blogging, although initially made as a site to write your personal thoughts, has become a source of income by most online writers, depending on the writer\'s agenda. A blog may become famous or successful if the site has a number of followers or readers. Some people may earn cash by allowing companies to place ads on their blog. **16. Direct selling business.** This business is also very common in the Philippines. It is a face-to-face selling of products by a sales agent. The products include fashion accessories, health and wellness items, clothing, food supplements, and homecare items. **17. Car Wash and car care business.** You often see this business in large cities because of the proliferation of cars. In fact, the demand for car care increases every year. **19. Bar, café, and restaurant.** The number of foodies (food enthusiasts) has increased because the Filipino palate became globalized. Filipino consumers\' demand for variety and quality taste has evolved as well; thus, these businesses are continuously thriving. **19. Water station and LPG (liquified petroleum gas) station**. These businesses can never go wrong as they continuously serve households, supplying them with their purified water and gas needs. The products that they sell are used for daily consumption, which is why a lot of these are found in almost every corner in the **Subject:** [Entrepreneurship] **Teacher's Name:** [Gilda Helen C. Mainit] **Session Number:** [Module-1-Lesson-1] **ACTIVTY:** Name: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ Strand/Year/Section: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ Visit [**[http://www.cipe.org/publications/detail/entrepreneurship-philippinesopportunities-andchallenges-inclusive-growth]**](https://l.facebook.com/l.php?u=http%3A%2F%2Fwww.cipe.org%2Fpublications%2Fdetail%2Fentrepreneurship-philippinesopportunities-and-challenges-inclusive-growth%3Ffbclid%3DIwAR045v7Zr4Y8i3TT6P6pHYhWysYIeN6YMfsZxTqPPP-IMDuHs0XYUBOhrT0&h=AT1k57MtNlUTAZily0gD7JDeylynskxx1ix6bYB9wKyyw3Bj-SMi31mWRg62jc2mS2LxqdbRAtxafAl4dpd8aobdg8X4KUAXguSGNdGbLcUn1Dt--uaE6T37Rrl_na8rPAfQ) (last accessed on 22 October 2015) and read the article of Ryan Patrick G. Evangelista, former Executive Director and current Chief Operating Officer of Universal Access to Competitiveness and Trade (UACT). The article is entitled \"Entrepreneurship in the Philippines: Opportunities and Challenges for Inclusive Growth.\" it details the present condition of Philippine entrepreneurship. Evangelista also tackled enterprise development and competitiveness, rule of law, access to financial institutions, internationalization and global production networks, role of enterprise networks, and nurturing the entrepreneurship paradigm. 1. What are the top three issues that impede Philippine entrepreneurs to succeed or even start their own enterprise? \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ 2. What realistic solutions will you suggest to address the top three issues if you will be given a chance to change the current system and/or business policies in the Philippines? \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ **Subject:** [Entrepreneurship] **Teacher's Name:** [Gilda Helen C. Mainit] **Session Number:** [Module-1-Lesson-1] **ASSESSMENT:** Name: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ Strand/Year/Section: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ \_\_\_\_\_\_\_\_\_\_\_1. It is a proactive process of developing a business venture to make profit? a. Entrepreneurship c. Entrepreneur b. Business Planning d. Business Man \_\_\_\_\_\_\_\_\_\_\_2. When a unique individual who has the innate ability and extraordinary dedication to establish and manage a business, acknowledging all the risks and reaping its rewards. a. Entrepreneur c. Entrepreneurship b. Business Planning d. Business Man \_\_\_\_\_\_\_\_\_\_\_3. It is one of the easiest businesses to set up due to the minimal capital required and because it can be managed at home, where the business owner lives. a. Sari-sari store c. Laundry and cleaning business b. Printing business d. Online selling business \_\_\_\_\_\_\_\_\_\_\_4. This business is also lucrative in the Philippines because the demand is very high a. Printing business c. Sari-sari store b. Online selling business d. Buy-and-sell business \_\_\_\_\_\_\_\_\_\_\_5. This type of business is often located at central business districts and areas with several condominiums and town houses. a. Laundry and cleaning business c. Online selling business b. Buy-and-sell business d. Tutorial business \_\_\_\_\_\_\_\_\_\_\_6. This business deals with adding the Internet as a marketing and transaction channel for selling. a. Online selling business c. Sari-sari store b. Printing business d. Buy-and-sell business \_\_\_\_\_\_\_\_\_\_\_7. This business is one of the emerging businesses in the Philippines, and it is not just done traditionally in brick-and-mortar stores but also over the Internet. a. Buy-and-sell business c. Online selling business b. Sari-sari store d. Printing business \_\_\_\_\_\_\_\_\_\_\_8. These businesses can never go wrong as they continuously serve households, supplying them with their purified water and gas needs. a. Water station and LPG (liquified petroleum c. Printing business gas) station b. Tutorial business d. Online selling business \_\_\_\_\_\_\_\_\_\_\_9. This business caters to students who are not able to catch up with their lessons, or those who just want to be ahead in class a. Tutorial business c. Printing business b. Online selling business d. Buy-and-sell business \_\_\_\_\_\_\_\_\_\_\_10. This business is also very popular in the Philippines. The number of food can businesses is not as big as the number of sari-sari stores, but food carts are present in almost every populous location. a. Food cart business c. Online selling business b. Printing business d. Buy-and-sell business