The business world is complex, sometimes cruel, and full of pitfalls. Not many experienced analysts can predict the development of the market. Students who study at business departments are often assigned with business research papers in which they need to investigate diverse companies, consumer behavior, and the flow of active assets.
However, teachers understand that students can’t be absolutely accurate in issues that concern the future or potential actions. Therefore, instructors usually evaluate students’ abilities to analyze and prove opinions. Also, they expect interesting business topics for research paper writing from students. Below, you will find unusual research paper topic ideas that you can use to complete your paper.
Business Topics for Research Paper: Workplace Diversity
What is work place diversity? Briefly speaking, it’s a company’s strategy that implies hiring employees of different ages, races, ethnicities, and genders. Is it just tolerance in an effective marketing strategy? Choose the subject for investigation below and find the answer to this question.
- How does gender influence a person’s ability to manage large and small teams?
- Why do companies that work in certain niches prefer to hire youth? Explain with an example of one or several similar organizations.
- How do the differences in ethnical cultures affect team-building processes?
- Are there difficulties in cross-functional cooperation of departments that contain people of different ages?
- What types of companies hire more men than women and why? Do they believe that stereotypes on the efficiency of such a hiring approach are empirically confirmed?
Business Topics for Research Paper: Management Techniques
A slew of factors affect the growth of companies, and one of the key factors is effective management. How entrepreneurs of top organizations build businesses so that they rapidly develop, as well as their strategies and techniques, are ideas you can explore by creating an essay on the topics below.
- What personal qualities should the perfect manager possess?
- How to find out preemptively that a person is ready to hold a managing position? Are psychological tests effective in defining this?
- How do entrepreneurs of big companies develop emotional resilience to stand out during a crisis?
- To what extent is top management responsible for building good relationships among colleagues?
- What steps should managers take to fulfill career longings and ambitions of each employee?
Business Topics for Research Paper: Success of Small Businesses
Though big companies have more sources for product enhancing and advertising, they sometimes lose small businesses in definite niches, such as bakeries, flower shops, coffee houses, and others. Why is it so? Try to understand how this happens by writing a paper. Here are some ideas:
- What types of products do consumers often purchase from small companies instead of big companies?
- What are the most effective strategies for promoting a small business?
- How would the market change if small businesses became extinct?
- What niches don’t fit small businesses?
- Is organizing a business with a friend a good or bad idea? What are advantages and disadvantages?
Business Topics for Research Paper: Franchises
Typically, businessmen buy franchises when they don’t want to spend much time on the concept of a brand, advertising, or marketing strategy. What are advantages and disadvantages of buying franchises? Investigate the issue using our topics:
- What are the disadvantages of buying a franchise comparing to setting up a new business?
- Why are fitness franchises becoming more and more popular?
- What franchise models exist and which should be chosen for a coffee house?
- Should franchisees promote the brands on their own or is it the responsibility of franchise holders?
- What items should be included in a franchise agreement to save the franchisees from spending much money without reward?
Business Topics for Research Paper: Globalization
Globalization has an impact on market tendencies and companies’ approaches towards consumers. Companies need to adopt new techniques and marketing strategies to satisfy consumers’ needs. Examine the following questions on globalization.
- What factors should companies consider when deciding the market and country of which they would like to come?
- How has consumer behavior changed since the beginning of globalization?
- How does the Chinese market benefit from globalization?
- Does the process of globalization still prosper, or will it inevitably see a decrease?
- How do business clusters move globalization?
Business Topics for Research Paper Ideas
- Will involvement in a charity make a company more popular and likable?
- If personal guns are banned, will this ruin the handgun production industry?
- Should minimum salary (or minimum wage) be canceled? If so, how do you evaluate each employee’s work?
- Will the traditional definition of commerce and retail die in 10-15 years, and shopping activity migrate entirely to the Internet?
- Is advertizing on the Internet more effective than other kinds of ads?
- Should tobacco production companies be obliged to pay more taxes or donate to cancer curing facilities?
- What are the main disadvantages of outsourcing?
- What role does business ethics play in making important decisions for a company?
- What roles do ethics and morality play in a business-oriented society?
- How do you make a museum exhibition interesting and marketable?
- What are the key factors that contributed to high sales rates of mobile phones in the last three years?
- What are the challenges faced by companies with international human resources?
- What are some old and rigid corporate rituals that are still present to this day?
- Is brainstorming as effective in creating business solutions and ideas as it is said to be?
- Define “healthy work environment.” How can you create one?
- What is the best country in 2016 to invest money in and why?
- How do both world crises and military conflicts influence business in the US?
- Is it true that people are more willing to pay for a famous brand than for a commodity with the same properties produced by a less famous brand? Why or why not?
- The power of image in modern business culture and its effect on consumers’ minds.
- What are some psychological tricks that make people buy more expensive goods or a higher quantity than they had originally planned?
- What is the culture of consumerism? Do you believe that it was artificially created by the largest companies for their own profit?
- How does feminism influence products for women (clothes, make up, etc.)?
- What are the most influential brands among teenagers in recent years?
- If recycling is made mandatory, will it influence the prices of goods? Will it be beneficial in the longer term?
- Is it acceptable for companies to be allowed to advertise their products in schools?
- How has social media changed marketing strategies that we use?
- Should every company hire a psychologist to deal with employee stress?
- Corporate sports and art classes as enhancers of creativity and healthy work environments.
- Why have start-ups become so popular in recent years? What is the reason for the occurrence of this phenomenon?
- How can entrepreneurs be encouraged to lead more eco-friendly policies in their companies?
Here you can also find international business research paper topics. In case you are interested in other subjects to write your research paper within, check out the list of outstanding research paper topics.
After looking through so many topics, you might be a little bit bewildered about what to choose. It’s better to select a subject that you partly discussed in class or which you care about. Also, you shouldn’t take easiness as a key criterion for making a choice. Some topics that can seem easy can turn out to be difficult, and vice versa. In case you are panicking and can’t concentrate on anything, apply to EssayShark.com research paper writing service. Our support team will help you to overcome academic challenges.
Written by imoney
Dare to be your own boss? Well, now is a good a time as any. The fast growing economy of the Philippines presents a lot of opportunities for entrepreneurs. That said, it is important to know the viability of your planned venture based on trends and your available capital.
To help you out, this article shall provide a short list of ideas for businesses that requires a range of capital infusion from below twenty thousand pesos to above five hundred thousand pesos.
Business capital: Below ₱20,000
1. Online freelance services
Thanks to the Internet, opportunities for freelancers can cross borders, oceans, and continents. Depending on your expertise, you can start an online company that provides freelance services.
With so many available types of work in the market, the first thing you need to do is to find out which type of service you would like to offer on a freelance basis – either for full-time or part-time position. There are several niches to choose from. Some of the most popular are writing, graphic designing, or working as a virtual assistant. And there’s always a demand for people who can provide these services at a lower cost. The best thing about it is that you don’t need to put up with the harrowing daily commute and you can work practically everywhere.
Pre-operational requirements: All you really need to put up this business is a good Internet connection, a computer, and a simple website. You can create the latter at a later date and get your start by using free accounts on Facebook and LinkedIn to showcase your services. This will lower your initial operational expenses to the cost of your monthly Internet connection if you already have a computer at home.
Income: With freelancing, you are a one-man company. You are the manager, the CEO, and you manage all the work. Your pay depends on the kind of work that you put in. Employers pay for as little as ₱1,500 to a high of ₱20,000.
Opportunities: Having a strong network of connections is critical to becoming a successful freelancer. Remember, that the most successful freelancers know how to use their network. While joining freelancers’ groups and joining conferences and events will help you make good connections, you should first leverage your personal network (family members, friends, neighbours, former bosses and co-workers, and acquaintances) to help spread the word for you. Once you get established and the projects coming in are more than you can handle, you can outsource work to your network and earn from them by charging an overriding commission.
2. Load retailer
The Philippines is one of the countries with the most number of active mobile users. That said, only a small percentage have mobile plans attached to their phones while the rest are using prepaid SIM cards.
There are two ways to get started:
- By acquiring an individually issued retail SIM cards from telecom companies (Globe, Smart, or Sun Cellular) and using separate phones for each, unless you’re using a dual SIM phone.
- Or by simply getting an All-in-one SIM Card from a third party seller (which would enable a retailer to sell prepaid load for all networks using just a single, special SIM card) and would only require one phone to use. Also, this type of SIM card extends beyond providing e-load for cellular network users. All-in-one SIM Cards can also re-load pre-paid cable subscriptions, Internet cards, and eCredits.
Pre-operational requirements: The capital and requirements are very minimal. All you would need is a mobile phone, a retailer SIM card, and around ₱500–₱1000 as starting balance.
Income: As an e-load retailer, you get your earnings through commission and the rate from each telecom company ranges from 3% to 13%. You earn your commission as the amount subtracted from your eWallet/eMoney account is less than what your customer pays for. To illustrate:
|Customer’s reload amount||Deduction on your load wallet||Total profit|
|₱30||₱27||₱30 – ₱27 = ₱3|
On average, this business can net you between ₱1,000 to ₱2,000 per month if you can sell a total of ₱10,000 to ₱20,000 worth of load.
Opportunities: Remember that e-load retailers are the ‘front liners’ of the e-loading business, above them are the sub-dealers, dealers, distributors, and the telecom company. For individuals who have more start-up capital available (around ₱4,000–₱7,000), a sub-dealership can provide a larger income through an added commission from the retailers you get to join your network.
Business capital: Less than ₱100,000
1. Ukay-Ukay/Thrift shop
Filipinos are generally thrifty and the search for the cheapest and most affordable but useable second-hand goods is not just something that everyday people practice. Even fashionistas/fashion bloggers are on the look-out for unique one-of-a-kind items that can only be found in ukay-ukay stores.
Ukay-ukay products normally consist of used clothes, shoes, bags and accessories which are usually imported from other countries and are sold at a very cheap price, depending on the quality and type of product.
To start one, you will need the necessary government registration and business permits and to rent a stall/store with a good flow of foot and vehicle traffic to easily attract customers.
Pre-operational requirements: Aside from your stall’s rent and registration, other initial operational expenses include racks, hangers, shelves and storage boxes. You should also consider your customers’ comfort by installing industrial fans and an air-conditioning unit if you can afford it. Maintenance for your goods would also require the use of a dehumidifier to prevent the formation of mold.
Ukay-ukay are sold in bales which usually weigh 100 kilos by wholesale traders. A bundle may contain 150 to 1,000 different pieces of clothing sorted into specific kinds such as pants, underwear, kid’s wear, jackets, women’s blouses, shirts, formal attires and shoes.
Price range for the bundles ranges from ₱4,000 to ₱15,000. The cost of a bundle generally depends on the number of clothes it contains and the quality and type of the products.
Most of the listed prices however are based on single purchase only, so the more bales you buy, the bigger the discounts you can get.
Income: An ukay-ukay store owner can easily earn between ₱1,000 to ₱10,000 per day, to as high as ₱15,000 during the months of December and January.
Opportunities: It is generally recommended to start marking down prices (20%-80%) of remaining items three to five weeks after initial display. You should also change your stocks every 45 days to ensure that your customers have new products to choose from. Once you’ve established your store and acquired back your ROI, it would be a cinch to expand your current store or to start another branch in another part of your town or city.
2. Rice retailing
In the Philippines where rice is a staple food, starting a rice retailing business is always a profitable venture. Customers buy it practically daily for sustenance while food establishments orders them in bulk.
Pre-operational requirements: You can start this business with a capital of about ₱80,000 to ₱120,000. You would also have to secure a license from the National Food Authority (NFA) and to acquire the necessary government registration and permits.
The location you choose should have the right target market and has heavy foot and vehicle traffic. The downside of selling rice is that it can spoil easily, and its quality will deteriorate in three months. So implement a first-in, first-out inventory method to optimize the shelf life of your rice and maintain its quality.
You should also have a clean and sanitized storage area to ensure that bugs and grain weevils do not infiltrate your stockpile. Get tips from your rice supplier on how to prevent infestation.
Income: Estimated total weekly income can range from ₱5,000 to ₱20,000 depending on your location and pricing.
Opportunities: As in any business, you can later expand your rice retail business once you get your ROI. You could even become a rice dealer and get retailers to sell for you later on.
If the business that you plan to get into doesn’t require a lot of initial funding, why not try to maximize the use of your credit card? If you need initial start-up items and equipment, you can purchase them on installment at 0% interest. Another option is to apply for cash advance with the use of your credit card.
Business capital: Less than ₱500,000
1. Co-working spaces
Many professionals are shifting towards freelancing because of the high returns and low stakes it offers. With more and more freelancers in the market, there is an increasing demand for more co-working spaces where they can work for longer hours without having to rent a full office.
Unlike traditional offices, co-working spaces offer ultra-short office leases that can be anywhere from a day to a month. It is also seen as the solution to bridging the gap between start-ups/SMEs and landlords since it allows the former to maintain offices in central locations without the need of a high starting capital.
Pre-operational requirements: To start a co-working space, you would need an initial capital that would cover the cost of renting a space in a central location that is safe and easy to find. Look for a space that has been vacant for a while, particularly in older and underutilized buildings where you may be able to secure an inexpensive lease.
Though being very contemporary and stylish is an added appeal, your co-working space should primarily have high-speed internet, fully fitted workstations, and office amenities.
Income: Estimated monthly income can range from ₱50,000 to ₱100,000 depending on your location and pricing.
Opportunities: To make the most out of your rented space, you can offer other services such as a small coffee shop for added income.
2. Laundry shop
A laundry shop business has proven itself to be more than just a fad. The steady growth of condominiums and apartments in the city, coupled with the ever-increasing workload of most people, have made laundromats a stable business to own.
Pre-operational requirements: This depends on the size and type of target market. If you are aiming for the industrial market, you will be needing millions. On the other hand, if you plan to cater to individual clients, you may be able to start with only around ₱400,000 for a simple set-up. You would also need to acquire the necessary government permits and registrations to get started.
For this type of business, it is very important to try to be as near your market as possible. If the desired area’s rent is extremely high, you may opt to put up a pickup station and locate your cleaning operations in a low cost area or in your home. In this case, you will need only three to five square meters. If you want to clean the clothes onsite, it will take at least 25 square meters of floor area.
Also, it is important to design a systematic washing process for the business, and have the proper materials and equipment for operation. One key to good income for a laundry shop business is to find that balance between cost and quality in choosing products to use.
Additional services that you can offer will mostly depend on your target market. A free parking space will give you an edge over competitors if most of your clients drive cars. Providing a door-to-door pick-up and delivery service has become an essential part of the business as well.
For your rates, it is safer to just go with the current market rates and to compete on quality of service instead. Also, try to allocate a budget for promotional expenses to get and retain customers.
Income: Income will depend on location and size of operation, but on average it ranges between ₱30,000 to ₱100,000 per month.
Opportunities: You can provide dry cleaning, ironing and other related services for additional income.
Avoid dipping into your savings when trying a business venture. Its success is never certain, and if the risk is high, it would be wise to rather apply for a personal loan instead of using your life savings. If in case it doesn’t prosper, you still have your savings intact.
Business capital: Above ₱500,000
1. 24-hour convenience store franchise
24-hour convenience stores are popping up everywhere and that number is still growing in lieu of call centres, hospitals and other industries that maintain a graveyard shift. Both Ministop and 7-Eleven provide a long list of assorted merchandise, this includes newspapers, magazines, soft drinks, fruit juices, sport drinks, hot and cold snacks, a limited number of grocery items such as canned soups, ready-to-eat meals, condiments, bread, cleaning supplies, paper products and toothpaste.
If you have the funds but does not have the experience nor know how to run a business, then this is one of the more viable options available for you. Having a franchise with a recognizable name and branding would get you an immediate stream of clients and you will be receiving operational support from the franchisor.
Pre-operational requirements: Both 7-Eleven and Ministop now offers a PhP1,000,000 franchise which includes operational rights of the store, equipment and facilities, furniture and fixtures, air-conditioning system, signage and initial inventory. However, as a franchisee, you still have to spend more for the rental space and the crew that will work the store for you. All in all, you might need to shell out a total of ₱1,500,000 in initial capital.
Location is key in this type of business and you would need a space with a floor area between 100-120 square meters to get franchise approval.
Income: Income will depend on location and size of operation, but on average it ranges between ₱40,000 to ₱60,000 per month.
Opportunities: You can expand your operations by opening a new store once you’ve recouped your ROI.
2. Drug store
The pharmaceutical industry is one of the most promising business sectors in the Philippines, as the industry revenue estimates grow by about 6% to 8% every year.
Pre-operational requirements: The initial capital outlay for this type of business is about ₱500,000 to a few million pesos.
One requirement in the pre-operating stage is getting the needed certification. You have to obtain a Security and Exchange Commission (SEC) registration; permits from the Department of Trade and Industry, the mayor’ office, and the Bureau of Internal Revenue (BIR); and license from the Food and Drug Administration (FDA).
Then you have to find a space of at least 15 square meters to house your drugstore and a storage room for medicines. Conduct research on the nature and classification of drugs and begin by stocking up on each category of medicine (i.e. antibiotics, anti-hypertensive drugs, or vitamins). Inventory will take up most of your expenses, as this can be anywhere from ₱100,000 up to ₱10 million for a full stock. Keep in mind that each medicine must be stored in its particular recommended environment and temperature.
As with most of the businesses we listed here, location is key in this venture. You have to consider the volume of the consumers in the area you’re targeting.
And lastly, you must have a Registered Pharmacist working for you. Without one, your drugstore business will not operate. He or she must be licensed by the Professional Regulation Commission (PRC).
Income: Income will depend on location and size of operation, but on average it ranges between ₱50,000 to ₱100,000 per month.
Opportunities: Growth depends entirely on the area you are covering and the range of products you are carrying. But if you get the right mix, you can start another branch or franchise out your drug store.
With advanced progress in technology, communication, and the advent of the internet, the world has indeed become smaller thus making it easier to reach and transact with a wider audience anywhere in the world. There are still open opportunities and it takes a lot of creativity to find more business ideas that can provide solutions to your target market.
All businesses require diligence and dedication. Do your homework, conduct thorough research and create a business plan. These will be your entrepreneurial blueprints and your guide in navigating the exciting path of working for yourself.
If you have already gone through a lot of thinking and planning, and led you to a firm decision of putting up your own venture, the next challenge is getting the initial funds to start your business.
You can compare personal loans and get the best rates with our online loan calculator to have an idea on the loan amounts, terms, and interest involved. Once you have decided which bank, but still unsure on how the actual process goes, check out our first time borrower’s guide to getting a personal loan. It will give you a bird’s eye view on the do’s and don’ts in applying for a personal loan.