If you have business experience on this ..... please shed some light.
I for one have been thinking of putting up a small rice shop.( of course we have to start small to be safe)
BUT i need inputs .We will never know how........... if we dont ask right? hehe!
1) Is it a lucrative business..... how about the profit earned/monthly daku ba on average or its just enough to
put food on the table? ( Im talking about small retail rice shop ha .... like maybe 100 sacks lang)
2) is it a risky compared to others basic commodities in terms of up and down prices?
3) does it take alot of resources to get them? ( again comparing them to other commodities)
4) Id like to ask ,where can we get a cheap supplier ? cebu? or mindanao? (pls inbox me if naa ka specific kaila)
5) on average ( sample lang ha!) how much can we profit from let say 1 sack of rice?
feedbacks and info ( what we need to know) regarding this business in GENERAL are very much appreciated.
thanks