How would you know if your business idea is worth pursuing?
I would like to focus on one criterion which is “income.”
Many aspiring EntrePinoys start a business without giving serious thought on how much money they would like to make from their start up business.
So they start a business which makes very little money if not just breaking even.
Wasted time. Wasted efforts. Wasted money.
My point is, you want to be as specific as possible of the amount of money you’re expecting to make from your business idea.
Is it P100,000? Is it P80,000? How much?
Let’s say you decided to make an extra P50,000 a month.
Ask yourself “Kikita ba ito ng ganung kalaki buwan buwan?” “May kumikita ba ng ganung kalaki sa business na ito?”
If not, then it’s not worth pursuing it.
I don’t care how cheap and easy to start that business is.
I don’t care how popular that type of business is.
Remember, you will not start a business because you just want to.
You want to start a business so you can make money…lots of money.
Money that will enrich your life and the life of your loved ones.
Money that will give you peace of mind and security.
Money that will give you FREEDOM to do what you love to do.
So ask yourself…“Magkano ba ang gusto kong kitain sa negosyong itatayo ko?”
Share your thoughts below