ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Business 101: Pointers on How to Put up a Business with just a Small Capital

Updated on July 18, 2011

Putting up a small business you like is not just about money. It's also about the passion you want to incorporate with your endeavor.

Don't rely on pure luck or dole out help from your family. If you think you have what it takes to open one, why not pursue it.

Retailers are present in many villages here in the Philippines. With just a small capital in hand, most of the owners are able to collect profits from the retailed goods (ranging from daily consumptions and toiletries).

Wholesalers have more profits because they are ordering bulk of goods from the factory or the main source.

Retail store or Sari-Sari store in the Philippines
Retail store or Sari-Sari store in the Philippines | Source

Let's start talking about your business.

Since the dawn of online opportunities, the following should be inculcated in your business.

  1. constant innovation and creativity - If you'll open a food business, you have to focus on one menu that will stick on your brand. Competitor's analysis should always be at hand. Others who venture on the same business can easily copy your menu through your social media account that promotes your business.
  2. taking care of your brand and name - Checking up the quality should be constantly conducted. Your business will suffer if you'll show leniency on the details you must personally undertake.
  3. simplified lifestyle -Separate your business from your personal interests. There are friends and family members who always want freebies whenever they frequent on your business site. Don't allow them to make it a habit. Make them pay.
  4. Always seek a consultant's overall perspective regarding your business. Different opinion matters especially from the expert. Those who studied business administration will give you tips and pointers on hoe to prosper in your business.


Launching your business online

The net is the best way to promote the uniqueness or awesomeness of your business. Most small business entrepreneur have their own niche of customers, starting from the local scene. How do they do it?

  1. Owning a website - there are hosting sites that will sponsor free-domain websites. From there, you can now promote your products. Be sure you the abstract or your promotional statement regarding your store. Emphasize how environment-friendly it is and its importance at different age brackets.
  2. Promoting the business at social networks - Facebook and Twitter are the most popular social media where you can promote your products. You can also make or establish your network here. For example, if you're making recycled bags or other personal things, you'll also explain the types of payment (usually PayPal or bank-to-bank, etc.). Shopping online can never be this better. You can also sell at at eBay or promote it at Amazon. Just open a personal account on those sites and you'll never know what blessings you're going to receive next days. Competition is apparent in business, big or small. You must also give an ample time in formulating plans, schemes or strategies to make your business thrive.
  3. Expansion - The work can be massive for you as of this moment to maintain your business. You can hire assistants that will take care of the quality of your products. Expansion means putting branches or entering into franchising.

In just a short period of time, you'll just realize that you'll already known worldwide. Addition of branches and employees are on the way.

This is not a wishful thinking. With just a thorough planning, equipped with knowledge and skills on the business you love, success will be there for you in due time.

Comments

    0 of 8192 characters used
    Post Comment

    • travel_man1971 profile imageAUTHOR

      Ireno Alcala 

      7 years ago from Bicol, Philippines

      @merna4all: You're welcome. Feel free to peruse my other hubs for additional information. Thank you for finding this hub informative.

    • travel_man1971 profile imageAUTHOR

      Ireno Alcala 

      7 years ago from Bicol, Philippines

      @thesailor: You're welcome. It's just right and fitting to share what I experienced. Being business-minded these days will enable us to upgrade our living standard.

    • merna4all profile image

      merna4all 

      7 years ago from lebanon

      Thanks for the information

    • thesailor profile image

      thesailor 

      7 years ago from Seven Seas

      You hit it right on the target, travel man! Thanks for sharing you expertise!

    • travel_man1971 profile imageAUTHOR

      Ireno Alcala 

      7 years ago from Bicol, Philippines

      @dallas93444: Thank you, Sir! It's much appreciated. The business atmosphere in the Philippines is still gloomy, but there's always hope for the small entrepreneurs. With the dawn of internet, they'll not worry about free promotion online.

    • dallas93444 profile image

      Dallas W Thompson 

      7 years ago from Bakersfield, CA

      Thanks for sharing!

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)