A quote from Sun Tzu

Ihaw Ihaw Business: Planning To Build

A few articles ago I mentioned starting from scratch. We already lost a good amount of money experimenting, but we cannot stop. However, coming from the first few tries, we already have a few materials that we could use for the ihaw ihaw business. These include 2 tables, a few food trays, and a small grill that we previously used on our first venture.

By all the months we counted trying to officially start off; we have a good plan on running the business as a whole. Our initial capital for the ihaw ihaw business will be 2,000 Php, but I will provide more if it needs be. We will need to make a full account on all expenditures versus income, so we could see on a weekly basis whether we are gaining money, and we could determine a forecast on monthly and quarterly income.

Continue Reading

businessplan

Micro Planning: What’s The Best Startup Business?

Being a startup business in the Philippines is unquestionably a pain. Initially, you’ve got to stress about your capital. Sure, there are funding options within the country, albeit a small number of them. The matter however lies upon paying the loan. Banks and private institutions get hefty interest rates, government loaning largely leans on using your Social Security pension, and you always ought to have a decent credit score to obtain a good worthy loan amount, if not you have got to mortgage a number of your items / properties simply to get one. I’m not too positive, however on what I have seen, should you desire a loan, you need to be able to pay it off immediately starting after 30 days of your loan. You are already paying it off even if you still have not seen an ROI in your business. Not a very good plan.

Continue Reading