How the Businesses are Doing?

I think you would remember a couple of years ago I started a business with my relatives. And it did not go as planned and an unplanned hiatus came after because of all the stress that that has brought me. But I am happy to say that the problem was solved (management / partner problem) and that business is still going strong.

Business 1

As you may know with businesses, it is a very unpredictable source of income. During the first few years of the business, I was going under -P4,000 a month on that business. I did not quit, because I really like the business and I like the location. And today, after 2 years, that business is now giving me +P12,000 a month of income (I will not add this amount to the passive income that we are tracking). Still a small sum. But I learned a lot. The total amount that was invested in this business was around P500,000. I did fund it using my own money and money that gets poured into the business slowly during the 2 years that it was starting. Mainly because only when the business is running, shall you realize that you need more things to buy for the business.

With P500,000 invested and 12,000 per month in net profit, that's 29% return on investment. I should be getting my money back in 3.5 years or so.

It is a so so business. Nothing to be proud about. But it did taught me a lot.

Business 2

With the success (and hardship) of starting that first business. I started another business a few days back. I am not in the front lines anymore as I have found someone to manage it. It is currently costing me -P3,500 a month right now. But it is still a small business with a small startup capital of just P100,000. Will I ever get to positive cashflow? I don't know. But I'm really curious to know.

A Step to the Dream

While that was going on, I have enrolled myself to yet another course. I am venturing into real estate investing. So I enrolled myself in a training about real estate. All is still under my dream of having a farm. I realised that it might be time to start learning about owning land and managing people who would manage the land. So I guess, this is my first step into that direction. It is indeed an exciting time.

I also figured that it might be time to search for people who thinks like me. It is sometimes lonely. You have no one to talk to about this kinds of stuff, for the people around you were not really into business and investing and instead most are employees. So the idea of risking in business is an automatic prejudice that I am an idiot for wasting money in risky endeavours. Most people just don't get it. But I don't blame them. I know there are people out there who are the same as me. And I intend to find them and network with them.