Magaling Tayo Kids!

How to be an Entrepreneur

By: Cecilia Rollon

“The current and international crisis is dragging people from all nations to think of something that will help them cope with the current crisis”.

One effective solution that you can do is establishing your own business but you might think how?

First, you must think of a merchandise and business name that is appealing to the market. The name should be catchy to grab customers’ attention.

Second, identify your potential target customers but how you will get them to buy your products?

To do that, you should think of business or marketing strategies. These strategies could be jingles, slogans and posters that would really help you promote your business.

Now, your business is ready to start!

Next step is to think of your budget. You should list all materials needed and for how long it will sustain to support your business.

You should also include miscellaneous funds in case your business incurs spoilage and/or damages.

Getting an investor is also a great help to have additional capital.

But how you can get investors?

Submit your business plans to prospective investors. This includes your business name, target customers, marketing proposals and budget.

Last tip, when starting a business, don’t hesitate to take risk for your business.

How to be an entrepreneur? This is one of the lessons I’ve learned in Galing Mo Kid Program initiated by Hands on Manila.