Capital is NOT the problem

It sounds so common we often get paralyzed by it.

'wala man akong pera pang-negosyo' or
'kelangan ko ng puhunan' or
'dapat ako may xxx na pondo para makapagtayo' ng negosyo.

You hear these all the time, though there may be some truth to it, but it is NOT the complete truth. Money alone is not the hindrance to starting your entrepreneurial venture.

Much money at most instances can cause us to be dumb and fumble in making decision making in business. I knew a person once who received 1.5M a decade back or so from a real estate deal, but lost it all within a few months. The business world is too unforgiving to the unprepared mind who believes that having the money at the onset would guarantee success. It's the thing between your ears (your mind) that will help you be creative enough to succeed in business, but you need further training & education. The way I see it, there are 3 kinds of start up prototypes

1. The one who BUYS the prototype (Franchisee)- has cash but wants to duplicate an existing system

2. The one who INHERITS the prototype- business-minded parents giving away to their seed

3. The one who STARTS THE prototype- the one with seed money

4. The one who STARTS the prototype- the one with LESS funds

The categories are arranged according to level and the hardest being No.4 the one who starts the prototype but has LESS funds. But if you apply the rule of nature which states "That which is easy has a tendency to become difficult, that which is difficult has also a tendency to become easy." The choice BECOMES CLEAR. The odds for all levels are varied and the rewards as well.

You are an immediate prototype of your business. As truthful as a reflection in a mirror can be, we can all do well to enhance that reflection though continuous study & application. A good busineess owner needs working knowledge on the following:

SALES
ACCOUNTING
BUSINESS LAW

Just to name a few.


You need not be a genius for all areas, but you need to know the basics so that you can objectively gauge your business. The Academy provided the baby steps, but ultimately you are responsible for further education. The rules of thumb are immortal and are guiding principles but there are still a lot of disciplines to learn from and investing in good business books that are written by entrepreneurs as well can help a lot.

You ideas are the greatest resource that you will ever have, not money.