sorry if now lang ko naka post continuation sa ako advice series. hehe took time to collect my thoughts. for reference, kindly check my earlier threads.. again this is not learnt thru what is taught in schools, these are lessons learned from the school of hard knocks..

---------------------------------------------------------------------------------------

usually, before going into a venture, we always think of the potential risk and rewards..

the question is not What are the Risks?

the REAL question is "HOW MUCH RISK ARE YOU WILLING TO TAKE?"..

time is inversely proportional to profit margin and Risk..

a huge profit at a very short time entails a very high risk..
(example : baligya shabu, dako kaau profit at a very high risk of getting caught or getting shot by competitors"

a small profit margin spread over a very long time has almost negligble risk..
(example : real estate with all the insurance plus all the promotions and perks with low prices to achieve maximum occupancy, return of capital would take almost 15 years!!)

in business, your greatest resource is FREEDOM, when employed you have little to no freedom.. and with freedom comes danger..

when employed, you are protected by lots of things.. social security, fixed income, definite course of actions to take..

when in business, its a melee out there, your business could take a dive at any moment, income is flactuating, and you have to innovate ways of doing thigs.. (its a lot more stressful)

however, with greater risk, there is greater reward...

as you may notice, before, i said profit margin instead of profit.. usually, a profit of 15% of capital invested every month is normal.. it sometimes would even get as high as 40%..

example.. a 10k biz could generate 1500php - 4000php profit per month..
what if you invested 100k? - that would be 15000php and 40000php...

and remember, you always keep the ball rolling, your capital grows, so will your profits.. i know of a certain convenience store earning 75k a month,, with 9 only hour operations.. thats a lot bigger compared to high payed call center agents..

but the risks are great, there are times nga (hinay). naa pud time (kusog).. there are times when inventory is not restocked immediately..

always remember what alexander the (gay) said... "fortune is a woman, she favors the young and the bold"

in all ventures, there is no such thing as zero risk.. do not consider only the monetary side.. there is always time.. you could be doing a zero capital business like insurance or real estate brokerage, but if it doest fly, your just wasting your time...