While some people might say that young people these days know nothing except playing video games and being lazy, that’s not true for all. For example, one teen grows business from his Php3,500 savings – and after just 6 months, it’s now earning Php150,000 a month! Impressive, huh?
Teen Grows Business from Php3,500 Savings
Have you read about the couple who grew their business from ayuda worth Php4,000 and they’re now earning Php178,000 a month? Well, they aren’t the only ones clever and lucky with their business.
Josh Mojica, 17, is still a senior high school student at Saint Augustine School-Mendez in Mendez, Cavite. But he’s now earning around Php150,000 a month after he opened a business using his own savings.
Mojica conceptualized his Kangkong Chips business back in May 2021 because he wanted to help his parents earn money. But he wasn’t able to start the business immediately.
It was in June 2021 that he was finally able to open his business after losing his grandfather. He told his parents about his idea and they were quite supportive.
Using his savings of Php3,500 as capital, Mojica started making and selling his kangkong chips to friends and relatives. Soon, he was getting many repeat orders, even as he began selling on social media.
The teen wakes up early to cook his kangkong chips to meet orders, but soon, he had to hire his friends because the orders just kept coming in. He now has 10 other young people, also students, who are working in the business.
Because he’s still a minor, Mojica’s parents are the ones in charge of the business’ financial aspects. But he runs most of the aspects in his business.
It’s quite impressive that Mojica’s business has reached as far as the US and Canada. Even presidential candidate Sen. Ping Lacson praised this young man for being an inspiration to others.
According to Mojica, he’s not aiming to sell his products in malls. He also feels happy that he has become an inspiration to other young people like him.
Can Children Own a Business?
Yes, children can own a business but should have a guardian of legal age (18+ years old) who can legally sign contracts and process documents on their behalf.