Note that initial investment for these gas stations are below half a million, while building one’s own gas station will cost 4 to 5 million pesos, even more. That’s just the structure. And I’m not yet talking about the initial inventory, few months of lease and salary for manpower. All these are cash out before you start earning. So lots of cash buffer needed.
This article continues the series of articles on business management, and introduces readers to the basic principles of applying a systematic approach to business management, as well as effective management techniques. In fact, there are two global approaches to the creation and management of companies: the “master’s approach” and the systems approach. Master’s Approach The…
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