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12 23rd, 2008| 
Starting a home based business has always been a dream of mine ever since I was in high school when I saw my uncle started his own business in his own house, started getting better sales with his meat shop and being able to buy a lot of stuff for my cousin. I really wanted to have one until last month when I finally got one of my own. I never really thought of it until I was convinced that I am a good cook. Since my house is in a good spot, I decided to turn the ground floor in to a small restaurant and my friends made sure that the marketing and advertizing would be taken care of. I have been running the business for a month now and I couldn’t be any happier with all the results that I am getting right now… the best part is that I am able to do something that I love in the comfort of my own house. At this rate, I could finally quit my night job and concentrate on my new business and creating new menu every now and then to make sure that my customers would always come to my place regularly.
A lot of people are thankful that home loans were made available because it has been able to help a lot of people save money for a lot of different things. For some, it actually have made room to open new businesses since the house is already paid for and would only have to be paid per month, so any extra money could be used for anywhere else. My cousin had the same experience and he really was thankful with the loan that he got because it gave way for him to buy a different property where he was able to get a very nice corner space and he was able to build his bistro in there and now earning a lot, not worrying about the monthly bills anymore because his bistro is the one paying for everything. He really made something out of his situation and it really was a good risk he had taken. At first, he was even hesitant because he could actually have paid for the house in cash with the amount of money that he was able to save. He then decided to just get a loan and make a restaurant out of the money that he had.
Each one of us has that particular dream of becoming the boss of our own company. We thrive in our everyday work and try our best to get a lot of knowledge in our lives so we could try to at least guarantee ourselves of a bigger and brighter future for ourselves and our whole family. But of course, it will never be as simple as reading this blog because all things must start small. Building small businesses can be really challenging due to a lot of factors that are needed to be considered. First thing on the list is of course the capital… a business can never start by itself if you don’t have funds to use in the first place. Always remember that even though the main reason why you are building a business is to earn money, keep in mind that you would have to spend a big amount first before getting what you really want. Next is of course the target patrons… who would become your customers? Always remember that a business is built not because it is something you like but because of the demand for it. just a couple of things here that I think are the biggest factors.
The World Economic Crisis has really taken its toll to just about every single person around the world. Even though it really occurred in the last quarter of last year, we are still in awe and every single business is affected by this downfall in economy. Big companies are losing millions of dollars in just a matter of minutes from the stock market, which is something that company owners can never afford to abandon because it is where their moneys are planted. Small businesses are also in jeopardy because the moment that the giant corporations lose money, that means higher prices on their products, which in turn, affects the productivity of the small businesses because they would have to endure higher amount of financial sufferings compared to the big businesses that could always afford to make a plan b or even c. the ones in manufacturing industry are also in trouble because everything that they have to sell are also getting higher in price and they don’t have any other choice but to sell them in higher prices as well, making them lose a lot of avid patrons in the process. It really made everything worst for all of us. All we could do right now is to hope that everything would be better in the next few months to come.