No Capital, but want to go into business?


I actually read a few blogs a day, and there are many that I can recommend. For this site, I want to repost Moks entry in his blog because I think this entry is very useful to and for "wanna be" small entrepreneurs.


Paano giginhawa?

by Pinoy Manggagawa sa KSA

While drinking beer with a friend last week, my friend complained that life is difficult. Mabuti pa raw ako, “abroad” (his indirect way of telling me na ako ang magbayad, ahihi). His take home pay is 11,000 pesos, while his wife is 9,000 pesos for a total of 20,000 pesos a month. They have two young children, one is 5 years old and the other is 3 years old…..parehas daw malakas lumagok ng gatas, hehehe. May ATM debt pa raw sya sa opisina nya, which charges 10 per cent a month. Ano raw ba gagawin nya? Should he go abroad para daw lumaki ang kita nya? Paano na lang daw, pag-nag-aral na mga anak nya, tyak daw talagang kakapusin sila. His reasoning was, no employee became rich; most government employees get old and get deeper in debt. (unless corrupt, diba?), hehehe

Hay buhay nga naman…….ang sagot ko ay:

Kahit abroad ka kong hindi mo rerendahan ang gastos mo, ganoon din, wala kang maiipon. Kahit hindi ka abroad kong hindi mo rin rerendahan ang gastos mo, ganoon din. Sabi ko, try to save. I asked him to list his monthly expenses: gastos sa yosi – Marlboro, palitan mo ng Winston, bawasan mo beer budget mo, add more vegetables to your diet, kong OK pa cellphone mo, why buy a new one? blah blah…etc. etc. Sabi ko, isipin mo 16,000 lang take home pay niyong mag-asawa a month, and live on it. Budgetin mo. Now save that 4,000 a month for 6 months, and how much you will get? 24,000 diba? Now instead of you taking the loan at 10% a month, asked your fellow employees to get a loan from you at 8% a month. Roll that, and continue saving 4,000 a month and how much you will get, with the power of compound interest, after a year; what about after two years? Magaling ka sa math diba… magkano?

His calculation showed that a person can save 67,000 in one year and almost 250,000 in two years, that is, if the the person continues saving 4,000 a month and lending it to his office mates continuously at 8% a month.

Ayan…. you will have a total asset of 0.25 million in two years, and an added income of almost 20K a month on interest alone after two years. Can you imagine how much will it be in 10 years? Magkano nga ba? Yayaman ka rin …….sabi ko.

There are many other small businesses than anyone can go into that could earn more than 8% a month.  Some food business (siomai food cart, carenderia etc.) are marking up their prices by more than 10%.

The lesson is: Just spend less than what you earn, and invest wisely. And most importantly, you have to start Now!

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Since we are on this, I am wondering how much the "bombays" earn in my City since they have been charging 20% (5-6), and their clients are almost all the vendors and small stores here, and they have been doing this since I can remember. In fact, one of my shop neighbors told me that she had been on a loan from a "bombay" for the past 15 years na "walang patid", and her monthly loans ranges from 3,000 to 5,000 pesos at a time, up to 10,000 pesos, and she had been paying the "bombay" religously- daily for the past 15 years!

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43 comments:

  1. I agree with what 'pare' shared,it really does not mean abroad ka marami ka nang pera. Yes medyo malaki nga ang kita pero kung hindi mo talaga kokontrolin ang gastos mo wla ka ring ma iipon. Like my experience,I worked in Dubai for 12 yrs.pero isang maliit na bahay lang ang naipundar ko dahil sa naging magastos ako. Sana'y maniwala ang mga future OFW at maging aral ang karanasan ko.

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  2. Thanks Sheryl for sharing. May kilala akong OFW - he worked in Saudi for 3 years, pagbalik akala namin ganoon pa rin - wala kasing mga pasalubong at hindi makinang (alang hepa), pero daw ka, six months later nagtayo ng grocery, at bumili ng 3 trak for hauling ng mga softdrinks etc...ngayon mayaman ng negosyante!

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  3. I know effective iyong advise mo kasi I did that and it feels so good when you don't need to borrow money and live on the budget, then may savings ka pa. You just need to be faithfull and don't forget to give to the church, do-doble pa ang pera mo, liglig at aapaw pa.

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  4. I appreciate so much your practical point of view. I lived in a vast land of Canada called the green pasture land or a promised land.But I was wondering why should I need to leave my country just to search for my fortune? As my income grows higher, the expenses follows due to shelter, transportation,food and clothing. Consequently, a stressful life! I decided to go back home for good and put up my small business. Now, I will never regret of my decision because in here there is freedom and welcome, no discrimination and no stressful life. Thus, I can say that Philippines is a pasture land and a promised land if we are only smart to see and seek opportunities around us.
    Guel Sugano
    ezstart.biz@gmail.com
    www.gmsdesigntech.com

    ReplyDelete
  5. grabe!!
    ang dami kung mga natutunan po sa inyo!!!
    Im one of some king of that!!! but i will try to change my lifestyle..Thanks aLot!!!

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  6. hi, ang sitwasyon ko naman po ay ako ang pinapahawak sa catering services ng sis ko kung saan sya ay nasa abroad ngaun. Di kc sila nagkasundo nung kaibigan nya na yon ang nag-manage dati kaya pinahawak muna nya sa kin. Ang prob kc hindi ako makapagmarket ng maigi kc hindi na-renew ang business permit at ang sabi ng sis ko kailangan kong kumita para pang bayad sa permit. Pati sa renta ng bahay kung saan andun yong mga gamit sa catering. Ang tanong po,paano po ako makakaipon kung hindi ako makapag-market dahil hindi na-renew ang permit? Pls i need your advice.
    Thanks po.
    Taurus Girl

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  7. Taurus Girl, (1). ask a loan from someone so you renew the permit, or (2) gamitin mo muna yong lumang permit and renew it kong magkapera/kumita ka na, (3) or you can look for a partner that will pay for the permit, and sa iyo ang gamit etc. bigyan mo na lang sya ng share,kong ayaw nya ng share pay him/her of the permit cost with interest. :)

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  8. hi as I am reading your post now, I have realized na dapat pala talaga mag save kahit abroad ka.. I just cried awhile ago sa husband ko ksi sabi ko di na ako nakapag shopping for almost one month... and kumikita me ng malaki laki dito sa abroad ( range more or less from 80000 a month) pero wla me ipon ohhh my God please advise me ano gagain ko pra makaipon me... please help asap!!!!

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  9. Dorz, if you have a bank account in the Phils, send 20K out of your 80K every pay day. Make it a ritual, a habit. Just spend the rest 60K kong nassan bansa man kayo ngayon.

    And if you do this for five years - milyones ang savings nyo.

    Kaya nyo yan. Disiplina and self control lang ang kailangan.

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  10. yap! that's cool... super cool kasi im like your pare... i earned 10k a month but because have a lot of utang hindi ako makapagsave roll lang ng roll ang utang and until now no bahay pa... i have 2 kids 5 and 3 and both of them going to school na...i want to stop getting a loans from different agencies but that will be done this october hay,,,sana nga i have a lot of francis colayco books, entrep mag because i really want to become free from kakapusan but still into it...

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  11. Life in Philippines is really hand to mouth situation but as what mentioned above, it could be possible..But if you are abroad and you don't have savings it means, you are same situation in Philippines...What's the difference? maybe you will answer the weather that made you suffer on winter or the hotness in the desert.....

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  12. wow man,, i wish i can do that.. ang hirap kasi especially right now na kabilaan ang loans ko? do you think its advisable to pay them muna before saving?? thanks

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  13. Avel...yes pay them ASAP or interest will eat a big chunk of ur income. Iwasan ang mangutang and save and save...:)

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  14. hello...i'm working in middle east since 2002...until now wala pa ring saving...this early 2011,i recieve 5,000,, sr..for my paluwagan..i thought i can start my business in Phil..which my sister will manage it...but the problem is..they estimated the place to put up our small sari sari store and it cost 30 thousand php then the labor is 15 thousand..so dun lng mapupunta ung ipon ko..how can i have my own capital...to lend money which have an interest? pls help me..

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    Replies
    1. business advice ! tex here 09328773549

      Delete
  15. Candy, may mali sa business plan mo na puro capital outlay. Revise the plan - dapat may aakyat na pera sa bibitawan mong capital. For now deposit na money and think over it well.

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  16. Hi Pinoy Manggagawa sa KSA!

    I am happy that i was able to read your article. Salamat sobrang nakaka-inspire at talagang nakakamotivate,however i need some advice, aside from what you've mentioned and as far as i know di naman kami maluho ni MR. Infact, halos taon o buwan bibilangin bago kami makabili ng pansarili naming gamit. Nagustuhan ko itong topic mo kung paano giginhawa, kasi naman 4 ang anak namin at lahat nag aaral at ngayong darating na pasukan 2 na ang anal namin na mag-aaral sa Kolehiyo. Galing kami sa mahirap na pamilya-both sides- and ala kami inhritance at other resources from families and other relatives. Pareho kaming nagtatrabahong mag-asawa at ang netpay namin every month ay 25,000.00php at nangungupahan pa kami...Hirap na hirap talaga ako magbudget, dati ala ako loan sa office ngayon palibot ako ng mga loan sharks and dati nakakapagtabi pa ako kahit 500p gada sahod ngayon ubos lahat. Marami ako nasubukan na other income, i-count mo na paggawa sweets and kakanin, pero di naman ako palagi nakakapagtinda dahil dami din kais work load, di ko alam kung paano kami makakabangon, iniisip ko kung kulang sa motivation and determination and smart budgeting or what but i hope someone can advise me or share to me a different ideas on how to lighten up my burdens.

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  17. Hello Mimie,

    Ang mahalaga ay mayroon ka ngayon motivation. Ang suggestion ko ay ito:

    1. Ang college ay talagang magastos. You could save a lot if you can send your children to government schools or Universities. Kong makapasa sila sa UP, or PLM or PUP or PMA or other government school where you are living now..ay matutulungan ka ng malaki sa tuition at books. Search for more information about this, and strategize. Marami ring scholarships ang pwedeng aplyan ng mga anak mo.

    2. Include your children in the saving and planning process.Make it a shared responsibility. Matutulungan ka nila ng malaki.

    3. Avoid loans with huge interest as much as possible.

    4. Pinoys in other countries take double jobs. Think on how you can earn a sideline business on weekends, when you are not working.

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  18. Nakakatouch tlaga, ibat-ibang sitwasyon pero iisa lang ang problema...PERA.

    15 yrs din ako nag-abroad at prang dun nrin naninirahan dahil dun ko pinanganak ang 2 kids ko (12 & 8 yrs old) at dun nrin cla nakapag-aral. Masayadong maluho po kmi kya nung nagka global recession naapektohan din kami di nkayanan ang mga gastosin at umuwi kmi sa Pinas January 2010 na wlang savings. So ginawa namin naibenta ang aming mga napundar na mga properties at nung october last year nag-abroad uli ang husband ko. Di nga lang masaya kasi nsa pinas kami, at nandun sya sa abroad. Sa kakahanap ko ng work sa interner may nadiskobrehan din ako magandang negosyo at ngaun kahit papaano ay kumikita narin ng malaki at tatlong oras lang nagtatrabaho everyday. At ngayon October uuwi na sya for good. Ang natutunan ko ngayun dapat mag-save tlaga kasi ang buhay ay prang gulong lamang.

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  19. sir bka pwde nyo ko 2lungan ako po ay 22yrs old meron po ako 3 anak 2 babae 1 lalake hndi ko kaya pa tustusan ang aking anak umaasa nlan po ako sa tito ko nag negosyo po ako ng burger and footlong etc.. anu pba mas magandang negosyo na pwde nyo q 2lungan>?

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  20. Hello Po!
    I really had a good time reading some of the comments dito. Ang problem ko naman po. Meron kami na Loan sa Bank. Kasi Dapat nagpatayo na resto Bar. We are renting the Place and then nakapos na ng pera kaya we have to let the place go. Pina buy out namin for the half a price and we are still paying the bank. We don't have any source of income already at wala na rin kami tao mahihiraman. Kaya ako nakapunta sa site nato dahil i have to look for alternative income na kahit gawin lang namin sa bahay. Ang Major Promlem ko kong papano maging matipid ang asawa ko. Kasi wala siyang trabaho then house wife then ako.

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  21. hi, i enjoy reading all the comments and i learned a lot,but hingi din po ako advise kc hndi ko na alam ano gawin ko?,realtur ako kumita ako ng 1M at nag bussiness ako ng internet cafe,ngaun close na kc humina at luma na din unit ko, un iba ko pera napautang ko at hind pa ako binabayaran.in short wala na ako savings umaasa nlng ako sa sisingilin ko,paano ako mag umpisa uli? at kung may magbayad sa akin ng 50K ano gagawin ko? hope matulungan nyo ako, more power and GOD BLESS!

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  22. Hello Angelo,

    Musta ba ang kita sa pagtitinda ng burger at footlong? Kung sa tingin mo okey naman why don't you expand it by putting up another branch and let other work for you. I'm sure you can easily get additional capital from bank loans by using your small business as guarantee or source of income.

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  23. Nice saving tip.

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  24. Hello, I enjoyed reading comments, right now I am a government employee, marami then loans, ang racket ko ay isa akong sales agent ng st. peter life plan, ayos naman ang commissions ko especially ngayon na madami na ang nag consider na ipunan ang mga kabaong nila, hehehe. But with little salestalk i'm sure kaya niyo rin gawin. Visit kayo sa pinakamalapit na st. peter life plan ofis and mag apply as family counselor, talagang i we welcome kayo ng mga tao dun, kasi sales ang hanap nila, tsaka wag mong esmolen kasi first 12 months may commission ka as long as nagbabayad ang client. 30% commission for 12 months, try niyo, hope this will help, the best part, laway lang at kaunting text to follow up clients.. pag-register niya, commission ka na agad.

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  25. hello po!
    6years din po akung nag work sa middle east at umuwi ako 2010 at nag patayo ng sarili kung bahay
    at ngayon po ay nag papatayo ako ng isang sari sari store. at ang natira nalang po sa ipon ko ay 300 thousand apo po ang mabuting paraan ang dapat kung gawin para mapaunlad ang natitira kung ipon
    at mapalago ito? please advice,
    thanks
    pisces,

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  26. my husband is a seaman for so many years, we have 3 kids 1 is college, 1 is high school and the youngest is still a toddler. I even tried help my hubby earn by using our van as airport-home service and vice versa. I even work partime as car agent. But still wala pain kming ipon. I'm planning to start a business soon. Do you have any idea what business should i try to save some for the future. btw, we have this house mortgaged for 15 years - were on our 4th year, and we also have a small lot also margaged and my service van.
    advise please. thanx.

    kayumangging kaligatan

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  27. Follow Jesus' advice in Matthew 6:33

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  28. Hi, i like your blog.need some advice.my husband wanted to put up a business here in cebu province, talisay city. wat do u suggest w/ a capital of 30thousand pesos only.need help.he wanted to raise a piggery, but prang ang tagal ng pera s piggery?any suggestions?

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  29. hello po sa inyong lahat mga kababayan...
    sa pagtatayo ng negosyo, dapat may idea na kayo kung ano ang itatayo nyo saka nyo malalaman kung magkano ang dapat na puhunan ninyo..ako po ay ex-abraod din for 18 years sa Singapore. at dahil sa dami ng gastusin, halos wala din akong naipon. sa pag papaaral lang nga college na anak, naubos ang ipon ko..dapat talaga may part time business..wag muna uuwi ng pinas para magtayo ng negosyo na wala pang idea kasi mas malaki ang chance na malulugi kayo..WALA pang kumita ng MILYONES sa traditional business ng 2 taon, maliban kung milyones din ang puhunan ninyo at mag franchise ng JOLLIBEE...so ano ang puwede maging negosyo sa konting puhunan? WELLNESS business po my friend...eto ang HOT trend for today's economy..at puwede kang kumita ng milyon sa maikling panahon lamang at puwede mo siyang part time or full time..ibig sabihin, kahit may workk ka pa puwede mo siya gawin na hindi mo siya kailangan bantayan....sa NETWORKING po lamang yan...mag research kung ano ang pinaka HOT na company na legitimate at sigurado kayong kikita ng malaki...sa mga interesadong malaman ang part time business ko, contact lang po (arman.escanilla@yahoo.com.sg) siguradong wala kayong lugi..at mag ROI kayo agad in just a month or less depende sa effort ninyo..

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  30. sana po makatulong din at magkaroon kayo ng idea about sa business ngayong dekada...sa pag business po kailangan updated tayo kung ano ba ang maganda ngayon..dati noong nag click ang INTERNET SHOP, nagsulputan yan na parang kabute..so ano ngayon ang bago?

    visit lang po at sana makatulong..
    http://escanillaarmand.wordpress.com

    ReplyDelete
  31. Hello mga friend tama kau sobrang hirap ng buhay ngaun. You should know how to invest and save to bank. Kahit anong laki ng salry mo ganon din karami ang kalatas sayo at ganon din karami ang expenses mo.. sobrang napakahirap isipin paano ka makakaipon halos kulang pa ung sinisweldo .I have tip for you as employee sa isang company ginawa ko ito di lang para saken kundi para sa lahat ng co employer ko.Nagsuggest ako sa kanila na every salary automatic my deduction na sila its either 500,1k or 2k then iniipon ko un sa bank nakasave lng as me handling the money every end of the year saka ko lng binibigay sa knaila.would you believe laki ng nasave nila laki ng nakukuha nila every dec sariling ipon nila ako lng ang naghawak.so kung ung isang employee my save na 1K every cut off so sa end of the year my 24K ka na nasave plus the 13th month na sinasave din nila at allowance di ri nila kinukuha naksave lang so naiipon at the end of the year siguro mas ok kung mapapagusapan un sa company nyo make a suggestion wala namang masama para nmn sa lahat ng employee un.

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  32. Hi Guys,

    ako meron din ako maliit na phunan kaya ang sinalihan ko isang networking maganda sya kc pioneering kami mga myphone at load ang binibenta at mga food supplement 888 lng phunan ko at tuloy tuloy ang aking kita. kung gs2 nyo ask me how matutulungan ko kayo .

    ReplyDelete
  33. dito sa atin ang aspeto sa gipit ay 1)Di alam ang FINANCIAL MANAGEMENT 2)Di alam ang TIME MANAGEMENT 3)wALANG DISIPLINA 4) walang pasensya 5) higit sa lahat lumalabag sa simpleng batas or alituntunin.Sabi pa nga ni Sir Francisco Colayco just save Php 33.00 a day kahit anong mangyari wag mo galawin. Pagdating ng panahon may puhunan kna kung ano man ang gusto mo maliit negosyo. Kailan ka magsimula or wala nlang hanggang nagising ka nlang ng isang araw na matanda kna na khit panglibing at pangburol ay iaasa pa sa gobyerno/pulitiko, na di malayong hindi mangyari.

    ReplyDelete
  34. at pieces try mo mg invest ng 888 lng din maging distributor ka na ng myphone at my loading station kna pandagdag ng sari sari store mo



    pwede kayo tumawag sakin or txt sa 09228693801 kung kayo interesado.


    ty

    ReplyDelete
    Replies
    1. interesado po ako sa sinabi nyo na myphone, load station at supplement distributor. papano po ba sumali. pakiemail lang po sa roger_lacsarom@yahoo.com
      _

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    2. yes how txt me 09293292904

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    3. details pls. about the 888 business my email is dahl_llobit@yahoo.com. Im interested thanks!

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    4. details pls about the 888 I am interested.
      thanks!

      babydahlsecillano@gmail.com

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    5. details pls. about the 888 business my email is dahl_llobit@yahoo.com. Im interested thanks!

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  35. hi pno po ba magcmula ng small business pno kung wla kng idea..prng ang hirap kc pero my pngpuhunan nmn khit mliit lng..ngtry aq mghanap ng pwesto pro mhirap din..advise nmn po.

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  36. hi advise nman po...nhhirapan kc aq mg icp ng business..i'm currently employed and my husband working in abroad for almost 5 months..for now ngpapagawa n kmi ng bahay at mlapit n mtapos, pro nong huli nmng pg uusap gusto nya mg business nlang aq intead of waisting my time sa walng kwentang bgay so prng cnbi nya skin n wlang kwenta ang work q..kc wla dw yumayaman na empleyado..nainintindihan q nmn husband q khit nppresure aq, 1st dahil wla aqng idea about business but i really want to try to have business..and now tlagang nappressure nko prang feeling q di nya q titigilan kapg di aq nagbusiness...pls advise nmn po pno ko magccmula nghanap nrin aq ng pwesto kso mhrap din pro itried prin tnk you po sana matulungan nyo q khit advise lang.

    ReplyDelete
  37. Thanks for sharing this great post!
    Work at home and get paid weekly!
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    Qualifications:
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    Best regards,
    Clarissa D.

    ReplyDelete

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