Entrepreneurship Trends and Issues
Entrepreneurship Trends and Issues
Entrepreneurship Trends and Issues
Presented by:
Renier Igloso
Michael Ray Galarde
Danielle Chloe Go
Adonis James Jadulco
Objectives:
By being aware of emerging technologies and market trends, you can identify
gaps in the market and develop new products or services that meet the needs
of your customers. This can help you to expand your business, attract new
customers, and increase your revenue.
Trends
Delivery Business
Delivery businesses in the Philippines
boomed at the start of the COVID-19
pandemic and during its peak.
Businesses were able to capitalize on the
fact that people didn’t feel safe going out
into public, which meant that they were
willing to pay more for a delivery service
than they would have otherwise.
Trends
Food Carts/ Food Stalls
Food carts are one of the business trends in the
Philippines because it’s not uncommon for
people in Asia to eat out for most meals. These
started appearing in malls and universities
where students would sell snacks, sandwiches,
and other food items. Some people even make
it a side hustle, but most do it out of passion so
that they can earn extra money in their spare
time.
Trends
Eco-friendly or “Green” Products
A big percentage of consumers in the
Philippines is becoming more environmentally
conscious. More people are choosing to
purchase eco-friendly or “green” products that
are more sustainable and environmentally
friendly. These include recycled/reused
materials like bamboo and juice containers.
While this trend may not be as prevalent in
other Asian countries, it’s definitely something
to keep an eye on, as it could spread to other
markets as well.
Trends
Beauty and Wellness Business
The Philippines is known for people who are
very conscious about their looks. As a result,
there is an increasing demand for beauty
and wellness services in the Philippines. This
is evident by the number of salons, spas, nail
bars, and barbershops that have opened up
in recent years. In fact, there’s also a
growing trend for premium/sophisticated
barber shops for men like Bossman and
Bruno’s.
Trends
Water Refilling Station
The country has a big problem with water
scarcity. There’s also a big issue with water
potability, which makes it difficult to drink
tap water straight from the faucet or even
use it for cooking without filtering it first. This
is where water refilling stations come in
handy.
Trends
Bill Payment Centers
Bill payment centers are new business
trends in the Philippines. They allow
customers to pay bills and make
transactions from different companies at
once. The centers are usually located
near malls and other public places, so it’s
convenient for people to stop by.
Trends
E-Loading Business
Almost everyone in the Philippines owns a
smartphone that they use every day. However,
not all have unlimited internet or data plans.
That’s why the demand for mobile load credits is
expected to increase because of the growing
popularity of online gaming and social media
platforms, which require a certain amount of
credits to play. An E-Loading business is easy to
start and can be done by a single person. Most
people prefer this type of business because they
do not have to rent or buy an actual store, which
means they can save money on renting or
buying real estate.
Trends
Laundry Shop
Laundry shops have become a popular
business in the Philippines because of the
increasing number of people who don’t have
time to do their own laundry. It’s also
convenient for them to just drop off their dirty
clothes and pick up clean ones later on.These
shops provide laundry services for individuals
who have dirty clothes that need to be washed,
dried, ironed, or folded. There are different types
of laundry services offered by these shops, such
as handwashing, machine washing, dry
cleaning, and tailoring services.
Trends
Milk Tea & Other Cold Beverage
Stands/Cafes
Milk tea stands are very popular among
Filipinos because it is an affordable way
to hydrate and cool down during hot
weather without spending too much
money. As a result, people are willing to
spend hours at milk tea cafes because
they offer more than just drinks—they
provide a place for customers to relax
and enjoy themselves.
Trends
Car Wash Business
There are many car wash businesses in
the Philippines today, and they’re growing
rapidly because of their convenience and
affordability. It can also use by offering
additional services such as waxing or
polishing, which most people don’t
usually do themselves at home anymore,
so they’ll definitely appreciate having this
done professionally instead.
Trends
Online Education
While online education might not sound like
it’s going to be very profitable, it actually has
become a lucrative industry in the country
right now. In recent years, there’s been an
increase in demand for online education
services like tutoring and coaching services
provided over Skype or Zoom video calls.
Moreover, online education is becoming
popular because it’s also cheaper than
going to a traditional university or college.
Trends
Digital Marketing Services
(Gig Economy)
With the rise of the gig economy, there are
many people who would like to become online
marketers and entrepreneurs. The Philippines is
one of the countries that have embraced this
trend. The Philippines has a large number of
digital marketing professionals who work for
themselves as freelancers and provide their
services to clients all over the world. These
professionals are often hired by companies that
need help with their marketing campaigns or
social media management.
Trends
Vlogging/Becoming an Influencer
Influencers are becoming increasingly
popular in the Philippines, especially on
Instagram and YouTube. Vloggers are
making thousands of dollars per month—
and some even millions—by sharing their
lives with fans from all over the world.
That’s why businesses also hire
vloggers/influencers who will create
content specifically for them and promote
their brand through their videos and
posts.
Trends
Buy and Sell
One of the most promising business
trends in the Philippines is Buy and Sell.
This is one of the most popular online
businesses nowadays because it’s easy
to start and requires little investment (at
least initially). The downside is that you
have to do all the work yourself, but if you
have time and dedication, this can be an
excellent choice for anyone who wants to
start their own business.
Trends
Microbusinesses and SMEs
Will Define The Future
The Philippines has a lot of potential and
opportunities. This is why many businesses that
have been established in the Philippines over
the years are still running smoothly today. It is
growing rapidly, and many industries are being
developed in the country. So, if you want to
start your own venture in the Philippines, then
you should know what’s the right business for
you because there are many benefits that you
can get from doing so.
Issues
Issues is that entrepreneurs face challenges at every stage of their business
journey, from securing funding and attracting customers to scaling
operations and adapting to market changes. These hurdles require strategic
planning, resilience, and adaptability to overcome.