Earning extra income will definitely help put you on the road to financial freedom. Maybe it’s finally the time to scratch that entrepreneur itch. While you’re all pumped and excited to be your own boss, launching a business is no easy feat. Here are some things you can do to better equip yourself for your new venture.
1. Use Online Tools and Trackers
Starting something new may be overwhelming, but there are countless tools and trackers to help keep your business running smoothly. Make the most out of online project management software, social media marketing tools and financial trackers. Don’t underestimate the power of using these business solutions. While some may require subscription fees, they are sure to aid in the growth and organization of your business.
2. Embrace digital marketing
Nowadays, almost everybody is online. This means there are more people you can reach digitally, even those far away from you. It is important to study the different marketing platforms, especially the ones where you would find your target market.
Don’t be afraid to have fun and get creative. Make a video about your business, run ads, or partner with influencers— the opportunities are endless with social media.
3. Enroll in courses
The learning never stops and it shouldn’t. With one look online, you’d find countless courses that you can take to educate yourself in the industry you’re trying to get into and further hone your skills. Equip yourself to take on your new role as an entrepreneur by learning from the experts and their experiences. A number of courses even offer certificates after completion for a certain price.
4. Do your research
Building a business doesn’t happen all in one day. You need to put in the work and taking courses isn’t always enough. There are still a lot of things you need to know and be aware of. Research on your competitors, your target market, and even the type of equipment you’d need to succeed. Whether it’s new kitchen appliances for baking, a high performing computer to edit videos or a new set up for your home studio, a loan can help you get started.
In reality, you’ll need money to make money. Figure out your budget, as this would be the roadmap for your business. Take the time to decide how you can maximize your capital on things such as your operations and resources costs. Sounds impossible? It’s not. We’re here to help you turn your dreams into a reality.
Funding your needs for your business with CIMB Bank is easy! With just a few taps on your phone, you can apply for a Personal Loan on the CIMB Bank PH App and start your entrepreneurial journey! Apply using only one ID and one payslip and enjoy ZERO disbursement fees when you opt to disburse your loan to your CIMB account. Absolutely no early settlement fees. Experience a fast and seamless all-digital application.
PLUS, if you are an existing CIMB Bank account holder, you may qualify for the CIMB Bank Loan Loyalty Program. A first-of-its-kind program where you can enjoy yearly increasing rebates starting with 10% for the first year and up to 30% by the fifth year. All you need to do is pay your monthly loan payments consistently and on time!
Just apply and get approved for a Personal Loan on or before March 31, 2021 to become eligible. Make a move towards your financial goals!
Learn how you can apply for a Personal Loan using the CIMB Bank PH App: