The business we started from the previous post is still running. I just wasn't able to continue documenting how we started the business.
Now, I'm starting a new business. This time, I'll try to document all the steps for the benefit of other newbies who want to be an entrepreneur. Note that I am by no means an expert at starting a business so follow my instructions and recommendations with a grain of salt.
Since we started our first business, I've been on a constant lookout for new business opportunities. When I roam around, I'd take note of commercial spaces for rent and I would think what business would fit that space. Then I'd check if it's something I want to pursue. I would contact lessors and inquire about rates so that I would be more informed on commercial space rates.
Sometime last April of this year, I saw a commercial space for rent along Boni Ave in Mandaluyong. And as my practice, I inquired to get the details. From the start I knew I was not going to rent the space because it was way above budget but had I not inquired, I would not have known of another space that would be available. The property manager informed me that their other unit would be available soon. The other unit is in a residential part of Mandaluyong and the price was more reasonable. It's perfect for a bakery.
I was now faced with 2 new problems; 1) I have no capital, and 2) I don't know how to bake bread.
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