Starting a business is all about strategy. Branding, reaching your audience, giving quality service – these are fundamentals when it comes to building a new empire. It’s not always about how much money you got for your capital – it’s also about how you would use that money for the potential of your business.
A major factor to consider when starting a business is the location. Of course you wouldn’t want to put your business on some hidden locale, far away from your customers. You would want to be at the center of the hustle and bustle, where everyday people can pass by it, remember it, and of course, enjoy its services.
There are four important things to remember when choosing location for business. The first one is the cost. Before selecting a certain space, you would want to find out how much it will cost you. The next one is the number of population. As mentioned, you would want your business to be seen by most people as much as possible.
The third factor that you should remember is the socio-economic status of the community. What class does the community belong to? If you’re planning on starting a coffee shop, you would want to put up your business on a location near yuppies and businessmen, since these are the usual niche market of the said business.
Services is the final factor to consider. Choose a location that has easy access of public transportation, has good internet connection, and has steady electricity and water supply.
To help you narrow down your choices, we assembled a list of the best places in the Philippines to start a business. Read it and plan ahead for your business’ future!
1. Taguig
How many times should we revel at the marvel that’s Taguig City. The Bonifacio Global City is one of the most successful business district in the country today. Taguig is filled with opportunities: start ups with ambition, yuppies that have the buying power, and residential units that are perfect for the family. Your services will surely gain a huge amount of audience when you start here.
2. Makati
Make it Makati is this prime city’s current tag line. Makati still leads as the Philippines’ very own Wall Street. Aside from the bustling Manila Central Business District, Makati still has other locales where other types of businesses can rise up. You can start a restaurant at Chino Roces, or a bed space building at Estrella. The possibilities are endless.
3. Bulacan
Bulacan now boasts with many businesses and subdivisions, thanks to its vicinity to Metro Manila. The Altarazza community hub that will rise in the City of San Jose Del Monte will surely magnet many people to move in to this province. Add to that is the development of MRT 7 that will connect Bulacan to major points of the Metro.
4. Baguio
If you’re looking to start a business in the North, then Baguio is the sure spot. Aside from the wintery climate, Baguio is a well known University Town that hosts 6 major universities. If your business cater to the needs of the students then this crown in the North is a major go-to place.
5. Cebu
Cebu has transformed from a tourist spot that majors in white sand beaches to a haven for IT and start up wannabes. More and more technology-centered and BPO industries are rising in this city. Add the luscious sights and the booming residential units and, voila, you have a surefire province that’s certainly a top-notch.
Boost up your business by choosing the perfect location. Choose your niche market, find where that type of audience flocks, and carry on! Be sure to check out our portal to choose the best type of location possible!