To start a business or any economic endeavor, you need capital. Some entrepreneurs start with little capital, others with millions of pesos. Ricky Reyes started with his savings of P1,000. Jovel Cipriano started with over P10,000. The need for capital varies, but the fact remains that capital is needed.
One way of raising capital is through savings, but this is easier said than done. When you save, you provide a cushion for emergencies and other contingent expenses. You don’t have to borrow and incur additional expenses by way of interest. You have ready capital for expansion. More importantly, because saving is opposite to expenditure, being conscious about saving means you’re also conscious about controlling expenses. Please click here to read more of this article.
