Have you always been wanting to put up a business but is hampered by the thought of having a meager budget? If yes, you are not alone. Many people believe that only a good amount of capital will secure a viable and successful business. But this isn’t always the case.
In reality, you can put up a business and succeed even with a low budget. What you need is to strategize and to plan out your business well–as what well-known global brands did.
Knowing your market is important. As Bill Gates once advised: “…the best way to put distance between you and the crowd [of competitors] is to do an outstanding job with information. How you gather, manage and use information will determine whether you win or lose.” And importantly, never compromise the quality of your product or service, this is indispensable.
Certainly, having a low budget is not an obstacle in putting up a business. To help you further, Lotus Mall in Cavite presents this infographic featuring 10 of the best low budget business ideas that you can try this 2017.