ANYWAY

Our Entrepreneurship course in MBA requires us to think of a business that we dream to establish in the near future, regardless of whether we pursue it or not. To motivate the class, the professor provided several lectures on what it takes to be an entrepreneur, myths and facts of putting a business and some insights and experiences that he had while managing his own huge businesses. By the way, this professor belongs to the ULTRA HIGH NET WORTH INDIVIDUALS (individuals who have more than $30M in financial assets -- thus the caps lock ;)), so he really does know what he is talking about.

So now, I'm thinking of a business that I may want to put up aside perhaps from the advertising agency that we are currently running. I'm thinking of a business that is not seasonal (like a christmas tree business which sells its peak of course during the christmas seasons), a business that does not requires much capital (like a flour manufacturing that needs expensive equipments), and a business that wouldn't take long before revenues come in (like businesses that involves a lot of research or testings). Given the what-i-dont-wants in a possible business, I have come up with these choices..

1st. A SPA/Phone a Massage business. It does not require any inventory, thus no problems on spoilage whatsoever. Plus, with the ever stressful lifestyle of Pinoys nowadays, including myself, going to a massage or spa, briefly relieves you with stresses or pressures. My spa should offer different services though to cater a certain niche and I must hire the best masseurs/masseuse for my clients to keep on coming back.

2nd LPG Dealership business. I think this is a nice venture as well because most if not every household must be using gasoline stoves in cooking food, thus the supply is inelastic, as they say, which means even if the gasoline goes way up, consumers will still buy gasoline. Not bad eh? I should only secure a safe place to put invetories of LPG tanks (so to avoid explosions, hehe), do some marketing in the area, and that's it, a surefire business.

3rd. Still related in fuels and more grandiose than the previous one, Biodiesel plant business. As we all know, the prices of gasoline will continue to go up and will be depleted soon. Several biofuels from plants have been discovered as options to gasoline. Samples sources are coconut, corn, soy and even the newly discovered plant jathropa. Of these alternatives, I'm going with the Jathropa plant. Jathropa is a non-edible plant that can be planted in any kind of soil - dry or non-arable, so there will be no competition with the edible crops like rice and corn. Also its plant oils produces more than what the coco or corn can produce making the plant more revenue generating. Though at this time we are not using biofuels wholly (we're only using 10% blend in certain gasolines), soon the demand for this fuel will rise and that a lot of car manufacturers are making cars that can take in either electricity, biofuels or the regular gas (read my article about Volt - My dream Car)

So that's about it. These are my choices for a possible business venture. Still confused which one to choose given the considerations I mentioned. How about you? Do you have a business in mind you like to share?