Proudly Pinoy - Planters Development Bank

HOW TO CHO
(bottom) Asian business
man having an idea
- Dreamstime
(right) Asian business
woman looking-up
- Dreamstime
20
SME.COMmunity.PHilippines
There are many possible ways
to make some money. What
is important is that you find
something you really want to
do and you are willing to take a risk on.
Ideas might be good initially as a parttime
or small-time business but as you
become more experienced, it could grow
to a bigger endeavor. We are sure you
know of so many companies that started
as a one-person back-yard business and
eventually grew big time.
Businesses succeed because of
four critical must-haves: 1) Passion of
the entrepreneur; 2) Technical capability;
3) Strong markets and 4) Effective
Leadership & Management. All must be
present to a degree consistent with the
size and demand of the particular business.
There is no fixed formula on how
to start a business. The opportunity to
start one may result from any one of
the four attributes. At some point however,
all four must be in place.
HERE ARE SOME QUESTIONS
THAT YOU MIGHT ASK YOURSELF:
What things can you already do/
make that other people might
pay you for?
For example, if you cook well, you
can make special dishes. If you are
good in writing, you can be a freelance
professional writer or perhaps
even write your own book or get into
some form of publication.