Small Business Investment Options — Returning OFWs who no longer want to work abroad can turn their skills and hobbies into business opportunities.
One who is keen on photography can start his own Studio and makes himself available for wedding coverage, birthday parties and the like. And if you like to cook, you don’t have to enroll and get a certificate in Culinary Arts. Just do it! You can open your own small Resto-Bar in your own community.
Other small businesses that can survive even in third class municipalities are the Internet cafes, laundry business, barangay coffee shop, child care centers, fast food business (carinderia), and livelihood activities like home-made sardines, sweets and other delicacies.
For those who have inclination to agriculture and/or livestock raising, one can be a weekend Butcher or put up your own BBQ grill Resto.
One can also try to do backyard farming with easy to grow vegetables or maintain small fish ponds for domestic consumption. He can also try Goat raising.
Lastly if you have the time, skills and capital, you can get a Franchise and manage it. Just be sure you have thoroughly studied the background of the company, their products and how to market them and that you understand the Franchising Agreement.
OFWs can initiate things within the reach of their own capital but if you need more start up business loan, you can tap the P1 billion (US$22.7 million) re-integration fund set aside by the government in December 2010. Qualified returning OFW can apply a soft loans with very low interest rate.
There are still many small business investment options available for returning OFWs and would-be entrepreneurs. What is important is identifying the best way to invest money that suits you, low risk but high return investments.