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| Start Up Business: an Investigation of Start Up Businesses in the City of Meycauayan Bulacan
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DR. RICARDO S. JIMENEZ,ChBA and MR. VINCE S. CAPIL, LCB
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Abstract:
Startups are new companies. They are usually funded by the creators and offer a product that is either inaccessible, in little quantity, or only available in poor condition. In the early stages of a startup's life, expenses frequently dominate income since, well, startups don't make much money. As a result, bank or credit union loans are routinely used to obtain funding. Startups may be eligible for government-sponsored funding as well as incubator support, which can provide both finance and mentorship. According to the Philippine Venture Capital Report 2022, Philippine entrepreneurs raised over $1 billion in funding in 2021, up 179 percent from the previous year. According to the report, which was produced in collaboration between venture capital firm Foxmont Capital Partners (FCP) and global management consulting firm Boston Consulting Group, total capital raised by Philippine startups or innovation-driven technology companies reached $1.03 billion in 2021, up from $369 million in 2020. This study was conducted to qualitatively assess the startup businesses in the City of Meycauayan, Bulacan. Targeting small-scale businesses as the participants of this paper. The data collection technique used was interview-questionnaires with a sample of eight (8) startup business owners. The data obtained was analyzed using Thematic Analysis. The results of this study were expected to contribute ideas and shed some light about the advantages and disadvantages of building and operating startup business in the City of Meycauayan, Bulacan.
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