Over the years, foreign businesses have crowded Philippine’s economy, making the country as one of the most sought-after venues in the world for commercialism and corporate services. Aside from Filipinos being hardworking and diligent in their respective fields, Philippines has many English-speaking individuals—so communication is great.
If you’re a foreign entrepreneur who wants to invest the rest of your savings in a profitable kind of business–and still thinking what type of business could fit with your passion and skills—you can establish any business here, moreover be a pioneer in your preferred field.
Here are some general Information about the Philippine job market.There are a lot of businesses opportunities for you to establish here, such as:
This is applicable for Asian countries, mostly if you originate from neighbor countries of the Philippines. Although Filipinos are highly proficient in the English language, they are also fond of learning different languages, how to speak and write them. Nowadays, the Korean language tops as the most interesting language Filipinos want to learn, merely by the influence of KDrama (Korean Dramas) that were loved and adored by many of us.
I knew most of my friends who are craving to learn the language, as well other languages that interest them the most. I, for example—I would love to double my proficiency with the Spanish and French languages, so I could be able to converse fluently in their respective countries—someday when I travel.
Read more about Courses and Programs here in the Philippines.
Filipino people love to eat—and that is a fact. We are thrilled to try different cuisines and recipes from many foreign countries. We love the new and extraordinary variety of foods, regardless of the country they originate from.
Filipinos are café-goers, who appreciate varied tastes of normal coffees and cakes. We love to post them on Instagram and Facebook making most of our feeds filled with experiences we had when we hop from one cafe to another.
Restaurants and Fast Foods
Some of the famous restaurants in the Philippines were owned by foreigners. They come in Korean, Japanese and Chinese Restaurants. I always used to go to a Korean Restaurant called Samgyup Salamat in Manila. However, if you came from the west, you could franchise the most famous pizza or burger business from your country.
BPO (Business Process Outsourcing)
It’s the trendiest mode of business here in the Philippines. Our country is one of the leading BPO providers in the world, no doubt with our proficiency with the English language. You can start on telecommunications, virtual assistance, and almost any field that requires Filipino’s intrinsic skill of communication. Most of the countries that benefit from this business are from western countries such as the UK, US, and Australia.
Since we are now in a tech-dependent society, each of us has our mobile phones close by. Everything is online now, and people tend to spend more time surfing the net with websites that can answer what they are looking for. Filipinos are great in creating top-notch web designs, developing apps, and providing grammar-corrected contents for the web.
Telecommunication and Internet Services
The Philippines has the slowest internet speed across the world, so establishing a business that fastens everything online here is a great deal. Although we have multiple mobile services, we always look forward to having faster internet usage at an affordable price. You can also create a living with a load retailing business with any of Philippines’ mobile companies or franchise any telecommunications you have in your country here, and see if Filipinos would acquire it.
To sum it up…
All these business opportunities are available for you to start up with here in the Philippines. You can franchise every business here that you want, but having an original identity and trademark is a total plus. Investing, starting and creating up a business can be a tough process, but trying has always been the greatest attitude every entrepreneur, Filipino or not—should embody.