Traditional business requires continuous capital
Posted by aileen on
March 7, 2008
Part of my early years training as a steward on my family’s entrepreneurial venture, was to wake up early and tend the store customers. No sleeping sprees allowed on weekends. Only a good company of music and a nice breakfast.
I grew up in a typical middle class household who cares less on politics rather on independence. Ordinary people like us in the Philippines have a strong desire to work abroad to support the remaining family members who got left behind. It feels good to be part of it. But the struggle of staying employed is still relatively inevitable.
Back home, Mom still tries to manage our store aside from being a full time mother and father to my two younger siblings. Traditional business or hands on type of system always require full attention and constant replenishing of capital based from my experience. Specially when it has become the primary source of income to support the basic needs of the family. A few number of resources that I could think of are the following: Monthly Allotment, Payday Loans, Business Earnings, Lending Companies (which is the least to consider) and Banks. If only my mom is as techie as my blogsy friends then I could add blogging as one good source for additional business funding too.



