The Truth About Starting a Business

Authors

  • Christine Marie B. Fernandez, MBA School of Business Administration, Zamboanga Peninsula Polytechnic State University, Zamboanga City, 7000, Philippines Author

DOI:

https://doi.org/10.64591/de73a505

Keywords:

entrepreneurship, preparation, financial management

Abstract

This article unpacks the hard truths of starting a business in the Philippines, challenging the romanticized notion of entrepreneurship. It emphasizes the importance of preparation, financial literacy, and marketing strategy over mere passion. Drawing from real-life scenarios and recent studies, it highlights how resilience, adaptability, and a grounded mindset are key to long-term success.

References

Abdullah, R. (2020). Importance and contents of business plan: A case-based approach. Jurnal Manajemen Indonesia, 20, 164. https://doi.org/10.25124/jmi.v20i2.3204

Dewi, L. (2024). The role of resilience in entrepreneurial success: A qualitative study of startup founders. https://doi.org/10.21203/rs.3.rs-4084600/v1

Fernandez, C. M. B., Chavez, J. V., Jr., & BFC, B. (2025). Assessing the utilitarian value of economics and business on personal beliefs and practices among working students. Environment and Social Psychology, 10(5), 3228. https://doi.org/10.59429/esp.v10i5.3228

Slávik, Š. (2019). The business model of start-up—Structure and consequences. Administrative Sciences, 9(3), 69. https://doi.org/10.3390/admsci9030069

Thomas, S., & Duffett, R. (2025). Using social media as a marketing communication strategy: Perspectives from health-related non-profit organizations. Journal of Nonprofit & Public Sector Marketing, 37, 373–397. https://doi.org/10.1080/10495142.2024.2361342

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Published

07/30/2025

How to Cite

The Truth About Starting a Business. (2025). STOCK KNOWLEDGE GAZETTE, 1(1). https://doi.org/10.64591/de73a505