It has been said (over and over) that the best way to make a small fortune in the Philippines is to start with a big one! I launched and ran an online business directory for over 2 years, hired a couple salespeople and was making a little money, but not really enough to compensate me for my time and headaches, one of which included the directory becoming a convenient "Target List" used by nefarious characters who made their money through the extortion racket. I eventually shut it down.
RE: Running A Business in the Philippines