Want to start your own business? Well, you don’t need hundreds of thousands of pesos as capital. You can actually set up a lucrative business with a small amount of money. As a matter of fact, there are lots of business with small amount of money even with just P20,000 capital.
Here’s a quick list of small businesses aspiring entrepreneurs with low capital can explore.
Sari-sari store business
This is considered the most typical small business in the Philippines, the sari-sari store or variety store business is a type of business that only requires a small capital at the start because mostly of the owners use the front of their homes as business space. After gaining profit from your sari-sari store, you can add more items to sell to expand your profit. As said by Power Pinoys, a sari-sari stire can earn as much as P20,000 in gross sales per day.
Online Retail Business
Today, small business can compete with bigger companies and have wider reach through websites, social media and mobile apps. If you want to start your own business but have no available physical space, you may consider putting up an online shop where you can sell or showcase your products and services. Aside from the fact that you don’t have to pay or rent space, you will get more exposure and free advertisement from satisfied customers.
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