Starting A Business Without Capital

I wrote a part of this article in another blog. A link to the video feature of the successful woman can be found below.

Please read on…

There is a Chinese saying, “Where there is diversity, there is opportunity!”

I was also told that in the Chinese way of writing, the words “Opportunity” and “Problem” are written in the same manner. Analyzing things a little better, the Chinese have never been more correct than this. The pessimist will look at a situation as problematic while the optimist will say it’s an opportunity for profit. It’s like the way people looks at a glass of water. Is it half empty or is it half full?

On 1997, the Asian economy spiraled downwards. Banks that, a few years prior to that, were pushing money under people’s doors suddenly transformed into the most evil debt collectors. The dollar exchange rate almost doubled and billions or even trillions of dollars worth of investment failed. Cement and steel plants, which takes several years to build and costs billions of dollars (apiece), were finished at the time when there was no more demand. Buildings were completed and half finished but the demand has softened. Most of the companies in Forbes list of top 10 companies in the world folded. Etc, etc…

Despite that, there is a woman here in the Philippines, who started a business with a capital of P120 ($2.73). Today, she has a very successful bake shop. This is not the neighborhood bread store that we see in every street corner; this is much bigger in terms of daily production.

Here's the video feature of that woman: Successful Business That Started with $2.73. The language may be in Filipino but the video will tell us a lot.

That amount is much lower than what I spent for lunch in those days. Had I received a financing proposal that will require P120-, I would have willingly invested several times that amount, even without the guarantee of success. Even now, there are hundreds of thousands of people who can throw at least P1,000 in investments that will probably lose. Many people who line up (every day) for lottery tickets spends more than that.

This lady makes me tell us that there are a lot that the rest of us can achieve. If P120 ($2.73) yielded a successful bread business after a few years, how much more can most of us achieve with at least P1,000?

This goes to show that lack of money and economic instability cannot stop us from becoming successful. With, without and perhaps, despite us, the government or even Pontius Pilate, those who are determined will succeed.

Keep the faith!

If you want to start a business, look for or create opportunities in your area. If you want to create income through the use of your computer, check this list of home based business and job opportunities.