Starting a business with our savings and have a plan for that does sounds very good and I hope you can start soon
Are you using a checking account in your business?
- Thread starter Starmix
- Start date
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- #22
I am still thinking of the right business that is affordable to open yet profitable. My milk tea business earns a high profit weekly. It is my sister that made it. I pay her daily and sharing of the profit 50/50 after I get back my capital.
Where and how you started this business? How much capital you invested?
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- #24
I applied for a franchise in the city. They were the ones to supply me first with the stuff to be used like decorated plastic glasses, and the processing of the tea, There is a short training w to mix water and others to make the milk tea taste perfect. The franchise fee here is only 5000 . Ask in your mall or research abut milk tea franchising.
That's good so you already own a business. You can expand this business as it's doing well in your country
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- #26
I started it the time it was discussed here long ago I think that was September and I made instant planning and let my sister attend the training for she is available.
That was quick. I like to learn but I don't apply things that quickly and take a lot of time to start but glad you were quick and did well
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- #28
The use of cheques sometimes could be very difficult because some of the cheques would bounce and you will be unable to receive them..
It is not rampant in my country, only few people are using it especially distributors and wholesalers who are in partnership with big companies. It helps them in doing their businesses.
It's ideal for business to maintain a checking account. One must have the account which is interest bearing. what happened to the person charged with estafa, was she imprisoned?
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- #33
She pledged before the police in the police station to pat me 15 days after our appearance, but she lacks 1,500. I no longer think about her balance, it creates mental stress. And that person is teaching in one barangay in your town.
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- #37
That's try planning is very important un business to succeed. It's also scary to man a business especially if the capital is at scarce. There's a need to have a backup capital and all the time ready inventory.
Most businesses in my location have a checking account. Though in this digital era, payment can be made online or via mobile wallets, checks are still commonly used, especially for transactions involving a large amount of money.
I don't use a checking account, I only use a savings account and several e-wallet products such as shopeepay, funds, gopay, ovo, and so on. Because our transaction value is not too high, we don't need a current account yet.
