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Since I’m on the lookout for a business for my parents who are both staying at home and no longer working, maybe a sari-sari store is a good profitable idea. There are just 4 in our vicinity anyway.
Simple right? But in this foodcart industry, simple ideas can also mean more competition because there is not much barrier to entry. Until the market becomes saturated with so much supply and kills those businesses barely making money.
So four things: talk to a newspaper dealer, know where they deliver and unload the newspapers for sale, know what time they deliver and unload these., and agree on the newspaper purchase price so you can gauge your mark-ups.
The younger ones, like me, prefer the modern model, since it gives me flexibility (one sim card and wallet for all telcos) and mobility (I can carry my business with me since I need not carry 3 phones).