Brackettinc

Financial capital or funds are essential resources to the entrepreneur. These are the lifeblood of the enterprise. Th entrepreneur needs money in starting his business. He also needs money for the development and growth of his business. In many cases, small entrepreneurs have inadequate capital. Thus, it is important for them to be able to identify the sources of funds.

However, far more important is the ability to manage funds. There is a basic need to plan and control financial resources. Without such ability, the enterprise is most likely to fail. Not a few businessmen failed simply because they have no competence in budgeting their financial resources relative to their business objectives. When they have the money, They do not know how to use and control it.

Many poor person wish they have seed capital in order to put their own micro businesses. in the rural areas, some folks like to put up backyard poultry or piggery projects for additional incomes. In the cities, business-oriented individuals like to own a mini store, a small bakery, a beauty parlor, or a small restaurant. But they have no funds to start their modest business.

However, it has been observer that the poor and unschooled persons are more enterprising and risk-taking. They sell balot, gulaman, barbeque, flowers and other essential items for the masses. Others just sell anything on the sidewalks. Apparently, they are happy and more money than the factory workers and office clerks.