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What To Do if Your Business Idea Is Not Scalable
Do not discard the idea just yet; there is still a way to increase profits
I work for an outsourcing service facility center in Manila, Philippines, as an accountant. I’m in charge of keeping track of the company’s working capital structure, particularly the amount of cash coming in and out.
We took the risk and bought our first condo in the central business district in 2012. The following year, my wife Jacky was due to give birth, and we planned to rent a flat near the hospital in case the need arose. During that time, we ran across a real estate agent. She suggested that we buy a unit instead because the monthly equity contributions were equivalent to paying half the market rental price (240 USD) for the first three years.
The only fear we have is if we will be able to pay it in the fourth year when it will be more than twice as much (600 USD). It was fortunate that I got promoted. It allowed us to save money in preparation for the monthly amortization rates.
The quest for additional income
Jacky and I would enjoy discussing real estate as an investment. We both agree that it will help our cash flow once we reach the arduous age of retirement.
