Start Investing: As You Sow, So Shall You Reap

And so I came to a decision to invest on the starting capital of the fishing boat...

Planting Seeds. Photo Credits

WHY?

First, it isn't too expensive for a beginner like me. One fishing boat costs around Php 300,000.00 and I can't afford to raise that amount at that time whereas, for the starting capital, you only need invest Php 50,000.00 to Php 70,000.00. Second, the risk involved if you are a starting capital financier is somewhat lower. Everytime the boat docks, you automatically get 5% from the gross sales. And third, it's safer because if the boat's catch isn't enough to recover the starting expenses, the remaining amount is carried over the succeeding trips until such time that is recovered...

Start Investing On The Starting Capital

So I asked Ramil what a starting capital means in the fishing business...

Here's what I found out...

Starting capital. Photo credits

Just like in any business, for it to start, you need some money to get it off the ground - a starting capital. This capital is also referred to as the seed money and, in a typical brick and mortar business, this is used to pay rent for office space, permits, furniture, equipment, and professional fees of your employees.