How To Start Your Own Business
Having your own business is a dream of many people, including the OFWs. Since most of you don’t like being apart from our family for a long time, most of us plan to work abroad only until we have enough money that we can use as a capital before we open up a business of their choice.
It is indeed a good plan, rather than enduring the homesickness for too long just to be able to provide for our families. Opening a business will not only make your life easier, but it can also enable you to change someone else’s life. By putting up your own business, you will be in control of everything. If you are used to being the employee, now, you can be the one giving instructions yourself. You will be the boss!
You can help others by providing them with a stable job or even part-time lamang din. Plus, you will get the chance to make more money than you did when you were still working as an employee, if ganun ka kasipag. Just imagine all the benefits you can get while making your dream come true but always remember this need heavy perseverance and passion for what you believe in.
If you don’t know where to start, fret not, because this will be your guide to start the business that you’ve always wanted!
- Do what you love. Your Passion.
One of the secrets of every successful entrepreneur is passion. You have to do what your heart tells you to. If you love to cook, then build a restaurant. If you love growing flowers, start your own flower shop. See, if you don’t know how to bake, why would you start a bakery business? Dun lamang tayo sa alam natin.
As a financial advocate, I wouldn’t want you to lose money so you’ll need to be sure with the kind of business you want to build. It will be like going skydiving without a parachute. Example again my photographer friend, passion niya mag-photo shoot here and there sometimes nga free ito just to create network and practice his passion.
- Make a detailed research about it. Make feasibility Study.
Even though you already have an idea about the business that you want, you still need to have more knowledge for you to know every aspect of your business like the back of your hand. Know who has the same business as you, how did their business go, what led to their success, which product is their bestseller and the likes. However, it shouldn’t mean that you should copy what they did or the products they sold. You should only make use of the information to know how the customers respond to the product and if it will be marketable enough to make your business succeed. Hanggat maari mag-ipon para sa business na bubuksan natin before we enter to it, I have lots of Photographer friends na I will tell na nag-succeed sila sa pinili nilang business + passion. They try to complete all of their gadgets till mabili na nila at the same time they are OFW, ka- believe diba. I really admire them.
- Plan, plan and plan. Make Plan A and Plan B
No soldier goes to a war without a concrete plan. You shouldn’t start your business by pushing through with the sudden idea that you had while you were eating. What you need to do is to combine those ideas, see if all of them work together and create a backup plan for each one of them in case one or two fails. This technique applies to the establishment of your business up to the decision-making process for the things you’d like to sell, or the kind of services you’d like to render. My Photographer friend till now OFW pa din, though completed na ang gadget niya, working pa din at the same time exploring being Photographer and best of it he won several major international contests. He is well-balanced person.
- Know your product and believe on it.
No one should know your product better than you do. Let’s say you want to put up a skincare store, you should try those products yourself before offering them to the market. Otherwise, your product won’t be as credible as the others. You also need to know what the ingredients of the product are and if there are any side effects that you should know about.
While, if you’re selling cupcakes, you should experiment on different flavors and try it along with your friends and family to see if you would hit the gold with it. Businesses are all about trial and error. In reality if we love the business I mean if it is about our passion, minsan kahit walang bayad or wala naman talaga tayong kinikita dito pero andito pa din tayo sa business na ito because we believe on it.
- Don’t lose hope. Have faith.
Of course, things may not always go according to your plans, but remember not to entertain any thoughts you have about quitting. Challenges will definitely make you tougher, plus the experience of driving along a bumpy road will help you make good decisions so you can avoid bad times in the future. Know how to re-balance life and this will help you to be more successful, siguraduhing wala tayong napapabayaan because at the end of the day our priority is our family and second lamang ang material things.
Now that you’ve got an idea about the important points you should consider, you’ll good to go in just a short time. Tell me, what kind of business would you like to have?
If you like this article please share and love my page Diarynigracia Page
Questions, suggestions send me at diarynigracia @ gmail (dot) com
Other you may be interested to read and share; Turning A Fifty Thousand Pesos To A Million