17 Popular Types of Businesses in the Philippines [Survey Data]
Grit PH | Forging the Philippines' new breed of Entrepreneurs | Philippines Business Blog
by jasonacidre
2w ago
Last Updated – [modified] Quick Take What is the most popular type of business in the Philippines? Based on the study from Grit PH, the most popular type of business in the Philippines is in the Food and Beverage sector. This industry leads with a significant interest among potential Filipino entrepreneurs (27%), reflecting the country’s rich culinary traditions and its people’s love for food. Retail follows as the second most popular sector, indicative of the growing consumer culture in the Philippines. These two sectors are at the forefront in terms of popularity among business types i ..read more
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How to Invest in UITFs in the Philippines
Grit PH | Forging the Philippines' new breed of Entrepreneurs | Philippines Business Blog
by jasonacidre
2w ago
Last Updated – Feb 6, 2024 @ 12:58 pm Quick Take What’s the best UITF to invest in the Philippines? As of February 2024, here are the top performing UITFs in the country: UITFs are one of the most ideal choices for beginners when it comes to getting started with investing. Read on to learn more about how you can take advantage of this financial instrument to grow your wealth. Contents Toggle Quick Take What are UITFs? Types of UITFs Best Unit Investment Trust Fund (UITF) in the Philippines for 2024 Best UITF Equity Funds for 2024 Best UITF Balanced Funds for 2024 Best UITF Bond Funds f ..read more
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14 Simple yet Unique Filipino Food Recipes for Aspiring Food Entrepreneurs
Grit PH | Forging the Philippines' new breed of Entrepreneurs | Philippines Business Blog
by MJ de Castro
2M ago
Last Updated – Dec 4, 2023 @ 7:18 am When it comes to business, few ventures are as vital as those related to food. After all, everyone needs to eat. For foodies, starting a business in the Philippines centered around their cooking isn’t just about making a living, but more importantly, turning their passion into a tangible and rewarding venture. Can you imagine the satisfaction of not only doing what you love but also creating dishes that bring joy to people’s lives, one bite at a time? While trying your luck in the food business might seem intimidating at first, it can be immensely fulfillin ..read more
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How to Build Wealth in your 20s
Grit PH | Forging the Philippines' new breed of Entrepreneurs | Philippines Business Blog
by jasonacidre
3M ago
Last Updated – Nov 23, 2023 @ 10:06 am Building wealth in your 20s is a combination of financial planning, personal discipline, and smart decision-making.  But why do it? Establishing your financial foundation early in life comes with numerous advantages:  Compound Interest: Starting to save and invest early can significantly benefit from compound interest. The earlier you start, the more time your money has to grow. Financial Security: Establishing wealth early provides financial security and peace of mind. It allows for a buffer in case of unexpected expenses or life changes. Care ..read more
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Sales Strategies: How to Effectively Sell Your Products & Services
Grit PH | Forging the Philippines' new breed of Entrepreneurs | Philippines Business Blog
by MJ de Castro
3M ago
Last Updated – Nov 21, 2023 @ 6:36 am You’ve poured heart, soul, money, and countless hours into curating that perfect product—the solution that bridges gaps and fulfills needs in ways you’ve imagined. But despite your dedication, the reality hits you: selling it isn’t easy.   While it’s true that a great product or service is the foundation of a business, knowing how to sell it is just as crucial. Let’s face it, pushing your product or service in the market is easier said than done. You’re not the only person struggling with this. Following a sales strategy can help you not only mak ..read more
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12 Best Savings Accounts for Kids in the Philippines
Grit PH | Forging the Philippines' new breed of Entrepreneurs | Philippines Business Blog
by MJ de Castro
3M ago
Last Updated – Nov 16, 2023 @ 9:26 am Quick Take What’s the best Savings Account for Kids in the Philippines? Choosing the best savings account for a child in the Philippines depends on their specific needs and financial goals. However, if we have to pick one based on overall features such as low fees, accessibility, and additional benefits, the Maybank Yippie Savings Account stands out. It offers a higher interest rate compared to the others at 0.25%, comes with free personal accident insurance, and provides a Visa debit card for wider accessibility. These features can be especially ben ..read more
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How to Send Money to the Philippines
Grit PH | Forging the Philippines' new breed of Entrepreneurs | Philippines Business Blog
by MJ de Castro
3M ago
Last Updated – Nov 13, 2023 @ 7:28 am In December 2022, the Bangko Sentral ng Pilipinas reported a milestone for the Philippines – a record high in personal remittances from Overseas Filipinos. The full-year total settled at an impressive US$36.1 billion, the highest to date. This statistic does not only highlight the significance of remittances in the Philippines. It also proves how important access is to an efficient, secure, and accessible method for sending money to the country. If you’re looking to send money to the Philippines, you have a few options. In this article, we will explore dif ..read more
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7 Investment Risk Management Strategies
Grit PH | Forging the Philippines' new breed of Entrepreneurs | Philippines Business Blog
by jasonacidre
4M ago
Last Updated – Nov 5, 2023 @ 1:20 pm If you’re serious about investing, it’s important to have a solid risk management strategy in place. Contents Toggle What is Risk Management? Factors that determine Risk Tolerance Risk Management Strategies 1. Monitoring and re-evaluating portfolio diversification 2. Implementing stop-loss orders 3. Lowering volatility by keeping enough liquidity in your portfolio 4. Consistently investing 5. Seeking the help of a professional 6. Developing a maximum loss plan 7. Doing your due diligence Risk Management FAQs What is Risk Management? Risk managem ..read more
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How to Invest & Grow your Money in the Philippines
Grit PH | Forging the Philippines' new breed of Entrepreneurs | Philippines Business Blog
by jasonacidre
4M ago
Last Updated – Nov 5, 2023 @ 1:21 pm Investing and growing your money is a process that requires a strategy, patience, and an understanding of your financial goals and risk tolerance. This is a step-by-step guide to help you start investing and growing your money. Contents Toggle What is Investing? Why is it important to start investing now? What is Compound Interest? How to Start Investing in the Philippines Step 1: Identify financial goals and timeframe Step 2: Understand your risk tolerance Step 3: Build an Emergency Fund Step 4: Educate yourself Step 5: Choose the right Investment Platf ..read more
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How Much Money Do Filipinos Need to Be Financially Comfortable? [Survey Data]
Grit PH | Forging the Philippines' new breed of Entrepreneurs | Philippines Business Blog
by MJ de Castro
4M ago
Last Updated – Oct 31, 2023 @ 5:10 am Quick Take Most Filipinos need PHP 50,000 per month to be financially comfortable. Learn More You may have already suspected that your wallet plays a pivotal role in your happiness.  A recent study conducted by consumer website Expensivity shed light on the price tag of contentment. It revealed that for Filipinos, financial happiness comes at an annual cost of Php1.3 million.  The figure for the Philippines is at the lower end of the spectrum when compared to other nations as it boils down to an average of at least P110,000 in monthly ear ..read more
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