Chinkee Tan’s Guide to Top 5 Business Ideas for First-Time Entrepreneurs

Oct 20, 2023 | Online Business Ideas | 46 comments

Chinkee Tan’s Guide to Top 5 Business Ideas for First-Time Entrepreneurs




Starting a business can be a challenging yet rewarding endeavor. For first-time entrepreneurs, it is crucial to choose a business idea that suits their interests, skills, and market demands. If you’re considering venturing into the world of business, here are the top five business ideas recommended by renowned motivational speaker and wealth coach, Chinkee Tan.

1. Food-related Business:
The food industry continues to thrive, and starting a food-related business can be a lucrative venture. Whether it’s a restaurant, food cart, bakery, or catering service, there is always a demand for good food. Make sure to conduct thorough research on your target market, create a unique selling proposition, and offer exceptional customer service to stand out from the competition.

2. Online Retail:
With the rise of e-commerce, starting an online retail business has become more accessible than ever. You can sell a variety of products, ranging from clothing and accessories to home decor and electronics. Choose a niche that interests you and focus on building a strong online presence to attract customers. Utilize social media platforms, create an appealing website, and provide excellent customer service to drive sales.

3. Personal Services:
Personal services such as hair salons, spas, fitness centers, and tutoring services are always in demand. People are willing to invest in themselves and their well-being. However, to succeed in this industry, it’s essential to deliver exceptional service and create a comfortable and inviting environment for customers. Building a strong network and maintaining a loyal customer base is crucial for sustainability.

4. Technology Services:
In today’s digital age, technology services are highly sought after. This can range from website development and IT consulting to digital marketing and app development. If you possess technical skills or have a team who can provide these services, starting a technology-based business can be a profitable endeavor. Stay updated with the latest industry trends, continuously upgrade your skills, and showcase your expertise to attract clients.

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5. Eco-friendly Products:
Sustainable and eco-friendly products are gaining popularity as more people become conscious of their environmental footprints. You can start a business that offers eco-friendly alternatives such as reusable bags, organic beauty products, or even eco-tours. Educate your customers on the benefits of your products and differentiate yourself from competitors by promoting environmental responsibility.

These are just a few business ideas that first-time entrepreneurs can consider. However, success in any venture requires dedication, hard work, and a willingness to continuously learn and adapt. Before starting a business, conduct extensive market research, create a sound business plan, and seek advice from experienced mentors or coaches like Chinkee Tan. With the right mindset and a well-thought-out plan, you can turn your business idea into a profitable reality.


FIND: Turnkey Businesses

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46 Comments

  1. Madam Angel Vlog

    Anong business ang bagay sa akin Taga bulacan po Ako reply pls

    Reply
  2. Rosalyn Datuin

    Madami pk akong naiisip na negosyo. Pero problem walang puhunan.

    Reply
  3. DOPUL LOP

    Currently a senior high graduate stoped school to persue my dream of starting my own business, best decision ever im Currently making 25k a month, take the risk! It mightbchange your lifee!

    Reply
  4. Leocilda Ugaban

    Gusto ko sanang mag negosyo wala naman capital sir.

    Reply
  5. liz

    First attempt

    Reply
  6. goldee69

    18yo Po ako and I really interested in business but I don't know how to start Im asking kung pano nyo Po ba nagawang yumaman please teach me

    Reply
  7. Jane

    First attempt

    Reply
  8. ngot ngot

    First time po… any idea po na pede gamitin yung ebike sa business

    Reply
  9. tirso

    first attemp, idol..

    Reply
  10. Lara Kristina Catapang

    First time po. Very clueless as of the moment, pero gusto po mag start ng business

    Reply
  11. Black Mean

    Balak ko po mag benta ng tinapay , like donat ,lalo na yung mini donats .. Kaso wala lang ako lakas ng loob hahaha .. Kaya ko naman magluto , pero gusto ko pa ding i try wala namang mawawala eh hahah

    Reply
  12. mary cabacang

    goodeve po kung may 100k po anu pong magandang ibussiness..tas uupa ??salamat po sa sagot

    Reply
  13. Riguel Alleje

    Hello po. New subscriber niyo po. Regarding po sa Medical Supplies na pwede i-business. Kahit po walang Pharmacist license can operate po ba? And, paano po makakahanap ng good suppliers po para makamura? Gusto ko talaga magsimula na mag business.

    Reply

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