Small capital in Philippines Essay

This chapter consists of brief summary of articles, findings of the subject area that are related to the present study. It contains foreign and local literature, foreign and local studies.Local LiteratureAccording to Mishell M. Malabaguio of entrepreneur magazine Philippines, Sm in all capital, s funkyly set-up and a goodness chance of achievement are just or so of the reason why Food Cart Business is thriving in the Philippines. If you will look at the market trend today, Food trail chore is the choice of most aspiring entrepreneurs. A mobile feed drag out is a business where you fag start on low capital ranging from P30,000 to a maximum of P300,000. But it could be a elflike lower though, depending on how you will put it up by license or on your own. Some companies offer nutrition cart enfranchisement for as low as P10,000 per package that includes, the cart, product, uniform for the crew and training. over the last few years, food service carts concord sprouted all over the metro from MRT and LRT station, malls, sidewalks, church, schools, markets etc. name it and for sure, youll find a food cart there. Today, there are about 800 different food cart formats available in the marketpizza, waffle, fishball, siomai, rice toppings, and baked goodies, rice in a box, hotdog and a lot more.Industry estimates that more than P1 billion in sales are turned over every year from the food cart businesses. With this amount, no doubt that Food Cart is the hot business in the market. If you have a nice cart, then the next thing to consider is Location. Location plays a big part in the success of your food cart or in any business for that matter. You have to think of a good location where a person frequents and can see what you are selling. But not all places cramming with people is a good venue just like MRT and LRT station. Lastly, you have to match your good location with the right product at a good price.