2012 has been an amazing year for the Philippines! By the first quarter of the year, fresh capital seems to have magically flowed into the country to the tune of nearly a billion US dollars a month; making the Philippines one of the fastest growing economies in the world last year.
A lot of factors have contributed to this economic surge. Sadly, however, our government (despite their claims) had very little to do with it. This major boon for the Philippines has actually come at the heels of tragic events that have happened in other countries. Some of the major factors that have contributed to this phenomenal growth are:
As a result of this new influx of monies, the Philippine peso has continued to strengthen, our real estate and construction industries have become bullish, imports have increased, BPOs have started to feel the pinch, and much more. With this as our backdrop and with nearly 3 months of research to back us up, we now give you our fearless forecast of the “Top Philippine Small Business Trends for 2013.”
Bicycles made out cardboard… Light bulbs powered by gravity… Vehicles that run on compressed air… No longer are green technologies merely about bio-fuels or solar power. Practical and more inexpensive technologies have emerged that could literally change the green landscape.
Here are links to some of the green-tech we’ve mentioned:
With more money coming into the country, it’s time we invested in these kinds of technologies. If we wait too long, we might get left behind again.
The influx of dollars isn’t always good. With more opportunities in urban areas because of a good economy, more farmers will be leaving their traditional provincial farms to seek their fortunes in the city. This will ultimately bring up the price of food.
With food getting more and more expensive and with more and more farmers leaving the traditional provincial farms, urban farming will become more essential. Though we can always import our food, I believe that many Filipinos have become more practical nowadays and, if presented with a cheaper, safer and more practical solution, they will choose not to import food.
Some businesses you can come up with when utilizing urban farming are:
I’m quite sure that many of us have noticed the huge influx of foreigners to our shores lately; most of them escaping the bad economy of their own countries and seeking their fortunes here. Now, if you add the number of Filipino micro-entrepreneurs and freelance professionals who are starting to make more money right now, you have a very large base to provide virtual services.
Some virtual services you can provide are:
Even if the economy were not that good, the market for apps will still increase exponentially this year; and, in a good economy, that market increases even more. Filipinos just love their gadgets! You can even find high-end gadgets even from those living in depressed areas. So, I don’t need to say much about this because it’s already that obvious.
MULTI-LEVEL MARKETING & DIRECT SELLING
I feel that the monies will finally trickle down to the grass roots level this year; and this would be the perfect opportunity for network marketers and direct sellers to start recruiting. However, we must always do our due diligence when entering into this business. Many unscrupulous people use this marketing platform to perpetrate scams.
A good way to determine if the company you are considering is legitimate is to check if they are members of the Direct Sellers Association of the Philippines or DSAP (www.dsap.ph).
Since there will be many investors looking for potential money-makers in the Philippines, becoming an investment broker should be an obvious choice. It makes perfect sense.
You become a broker of the following investment instruments:
MANAGEMENT CONSULTING, COACHING & TRAINING
Many Filipinos will be glad to know that there will be a significant increase in local employment this year. This also means that many will be promoted to higher positions this year. As such, many employees will have to be brought up to speed in terms of skills, performance and attitude. So, with the increase in employment, it would be safe to assume that consulting, coaching and training work will be a major part of corporate budget this year.
I.T. PROGRAMMING, CONSULTING & DEVELOPMENT
With companies starting to grow, the need for better, faster and more efficient I.T. programs and software will naturally increase. To meet the demands of the times and the demands of growth, many companies, especially SMEs, will be upgrading their systems or setting up new systems. This should keep our I.T. professionals quite busy this year.
is the Managing Director of Our-Knowledge Asia and a Business Consultant for Local and Foreign Start-ups, SMEs and Organizations based in the Philippines.