employed or own a business?

@benx22 (87)
Philippines
May 29, 2008 9:24pm CST
i've been idle for two months already. i haven't had the enthusiasm on finding a job yet. but as summer ends, i am feeling that i really need to find one or have some means of income. i'm kind of feeling that i need to start a business of my own. but how? do i have to work for the capital or borrow some? hope i can manage to have a decision before i become a professional slumber.
1 person likes this
2 responses
spalladino
@spalladino (17891)
• United States
30 May 08
Do you have an idea of what kind of business you want to start? Some businesses require start up money and, for that, you will need to get a loan. In order to get a loan you have to have a business plan and you may also need a license to operate your business. A friend of mine started a house cleaning company about 15 years ago and the only thing she needed to start working was cleaning supplies. Another friend owns a construction business but he has to have money up front for materials since the customers don't pay in advance.
benx22
@benx22 (87)
• Philippines
30 May 08
well, i'm planning to have a convenience store which has a coffee shop or resto bar or something. a place where one one can buy stuffs from the store or hangs out with friends, just chilling out. i am starting to make the business plan and show it to my aunt. i think she could help me with it.
danishcanadian
@danishcanadian (28953)
• Canada
30 May 08
I would much rather own a business, and have conrol over what is going on, than be employed by someone else and have to live by their rules. I know that owning a business is more responsibility, but it's also more control.
benx22
@benx22 (87)
• Philippines
30 May 08
yeah...that's what i thought also. it's way better to have your own business. you can do whatever you want for the business, decide for it and enjoy its profits. and there are a lot at risks. for someone like me, i don't like to be controlled or reprimanded. maybe managing my own business fits me. the problem is, how do i start? thanks for the reply.