In the past decade, there has been an explosion of books about entrepreneurship and setting up your own business. A lot of training for would-be entrepreneurs and business owners have sprung up. In addition to this, franchising of food carts and other small scale businesses have gained popularity.
If you want to start your own business, check out these resources to help you get started:
Entrepreneur Magazine contains tons of ideas to help you think of a business idea. Not only that, the magazine also provides case studies of successful Filipino entrepreneurs–how they got started, the problems they faced and how they solved them, and other tips to help you succeed. Every now and then, the magazine also lists several resources and suppliers that you can contact, depending on the kind of business you are starting.
If you want to save some money, you can get older issues of the magazine at Booksale or Filbar’s. But the information contained there are still solid and helpful.
Please check out the following websites, too;
Putting up your own business is a challenging project. Here are a couple of other tips to help you build your own business.
- Save up for capital before you start your own business. You can either get a job, or do freelance work, and bring your expenses down.
- Come up with a Minimum Viable Product. In simplest terms, this is the bare essentials version of your product and service. Market it to your target audience and try to come up with the optimal pricing and set of features to get your business going. To understand this concept fully, I suggest reading ‘Lean Startup’ by Eric Ries & ‘The 7 Day Startup’ by Dan Norris
- Get investors. They could be your friends, or family who believe in you and in your business project.
- Take the Plunge. Don’t overthink and over-plan things. Sometimes, the best way to learn is to simply dive in, learn more about the industry you want to enter, and make adjustments as you go encounter problems and challenges.