How much should be the capital when doing a business?
By cjsalas
@cjsalas (109)
Philippines
August 20, 2010 5:26am CST
If we want to make more money, we usually invest our money. The question is how much do we need to invest or how much should be the capital when doing a business? I'm planning to have one, but should I consider as well when doing a business? I prefer the one like the a small and medium enterprises. :)
2 responses
@killersss (638)
• India
30 Aug 10
well it totally depends on what type of business are you planning to do. if it's a small enterprise like you said then it could start with around $10000-$12000 like manufacturing something small items and all. and a medium enterprise would require around $25000-$30000 to start and work, anything less than that will not work and you won't be able to start your own business.
@jpso138 (7851)
• Philippines
20 Aug 10
It depends on what kind of business you are going to start with. Most often, if you want something that is quite small you may also get something small in return. You can also start with something big, but if ever you fail, then most likely you would also lose big time. Well, one thing that I can suggest is start up with franchising most especially if you are not familiar with business concerns. There are certain franchise available like food cart business and provides good support. Start up capitals cost around P85,000 pesos and up. If you are interested, you can probably read "Entrepreneur" magazine. Its a local magazine and most of it pertains to business in the Philippines. Most of those featured are entrepreneurs and available franchise businesses. It would be a great thing to check out... Good Luck!
