Common Problems for New Businesses

[cirext]

Where should I borrow? Warren Buffett always says, you should borrow from people who will not condemn you, like family and friends.

My thought on #3 : I believe this comes on case to case basis. While the author of this article, articulates that borrowing from families & friends have 2 disadvantages (1) they would make the borrowings so easy that you might miss learnings in money handling and (2) they may influence you easily in business decisions..what nodols say is also important. But I would say not all friends stay as friends when you have problems repaying.

So this is my statement: Be mindful to whom you lend money. Make sure that person/institution understands you as a person and is helping for your success as well.

[cirext]

although naay mga exemptions sa no1 like kanang dili traditional businesses, usually ako ma think ani kay kanang mga online businesses where ang location may have little or no effect to the overall na business, well that is just my opinion. but if traditional business, yes mo matter jud.. thinking about it pwede siguro i rename nang no1 as "accessibility" siguro...

bro, LOCATION today doesn't necessarily mean an exact tangible place. I would like to understand this statement as something universal. To put it in my words, I would state it like this:
"Position your business where your market is."
Cyberspace, directories, advertisement slots, and your call card at the client's pocket. When the customer's need arise and you are there, that's the perfect location.

[-_-]

yes, if you put it in that kind of perspective mo makes sense siya. is that the same with "accessibility" and "visibility" ?

[justinearanas]

Yes I agree. I think its important to start a business that you really love so that no matter how tiring it might be its no big deal becuase its your passion. Cashflow for me is the most important and what's keeping businesses alive these days.

[browniies]

there are some na low-price na gani atong baligya, hangyuon pa gyud.
nya kung maka-adto ug mga labeled na places, kusog kaau mamalit bahalag mahal.
so ironic.


>> my mom has a home-baking business

[elmoncada]

mas maayo mag pure online business nlng para mawala na ang location factor ky nowadays kusog na ang engagement sa social media sites like facebook, pwede dha nlng nimo i market imong business/products/services

[marcyscreed]

Up this helpful thread...

[Alexander L. Gelacio Jr.]

mas maayo mag pure online business nlng para mawala na ang location factor ky nowadays kusog na ang engagement sa social media sites like facebook, pwede dha nlng nimo i market imong business/products/services

I second that.

Whats better is that you don't have to sell physical goods.