Saturday, February 16, 2008

if i were an entrepreneur part 1

I once read somewhere that becoming an entrepreneur is not easy, especially if you've been a salaried-employee all your professional career. It involves a paradigm shift and a change of lifestyle itself. As an entrepreneur, you must take out the trappings that haunt the regular 8-5 worker -- 15/30 paydays, guaranteed bonuses, vacation and sick leave credits, 13th month pays, etc. An entrepreneur is an adventurer, a risk-taker, a warrior, a brave, brave soul.

While the entrepreneurial has yet to fully bite me (mainly because of lack of resources), if I had money and going into my own business, what types of business will I consider setting up?

Coffee Shop
Either a franchise or my own concoction, putting up a coffee shop certainly appeals to coffee-lovers like myself. I may opt to become the barista of my own store. On the side, you operate a pastry/bakeshop business to go along with the cups of coffee you will sell.

Pawnshop
As someone who used to work for the Philippine pawnshop industry, I know the potential of a pawnshop business especially if you manage it well and expand it. Properly cultivated and with the proper systems in place, a pawnshop is a guaranteed business whether the economy is up or down.

Advertising Agency
In the infancy of my career, when I was so desperately trying to get into the advertising industry, I dreamed of one day opening up own ad agency to produce the world's best ads. In this time and age, it would be more prudent to just buy an ad agency and become the world's next WPP.

Boardgames
In all honesty, I seriously believe I have a knack to succeed in the boardgame industry. Since I was a small fat kid, I've been fascinated with boardgames and that fascination hasn't diminished although I no longer play boardgames (due to lack of people I know who would be interested). Unfortunately for me, boardgaming is not that popular here in the Philippines but there's a big market for boardgames out in the world ...

Specialty Bookstore
A different kind of bookstore that only sells books and publications and magazines that I am interested in -- epic fantasy, science fiction, children's fiction, history, advertising and marketing, etc. Not the type of bookstore that will be invaded come school opening season.

To be continued.
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