My first business choice was food cart which is blooming this year but there is one factor that made me think twice. Mall space rent. The rates are so high that I know that we would not be able to make a decent profit. Everything will go down the drain straight to the mall management. Don't get me wrong. I have nothing against malls, their rental rates or stores renting in malls. What I'm trying to say is if a noob like me would dare try to rent in such places and not know how to properly manage the business or how much income I could earn to make ends meet, wouldn't that be too risky? It's as if throwing money out the window.
So, as what I have mentioned in my earlier post, I have resolved to renting a commercial space outside a mall. And because of that, I had another business that I can set up. A sari-sari store. Therefore, from a simple food cart, I have 'upgraded' my business plan to sari-sari store with food cart. Hehe.
I know that sari-sari stores don't earn that much because of very low mark-up on every item but I thought that it would be better to have something else than just food cart. The little profit that I could make from sari-sari store can help support the rent and other business expenses. It wouldn't be much but little is better than nothing at all. Besides, it would be a waste of space if I wouldn't use the whole stall for something profitable.
No comments:
Post a Comment