At the AANI Weekend Market at the former FTI now Arca South owned by Ayala, we meet interesting small entrepreneurs. One really micro entrepreneur is Rodel Jugarap who is in his 40s. His little business is selling boiled waxy white corn. He just occupies a small spot beside a tree trunk which he rents for P100 for two days – every Saturday and Sunday.
He just sells 165 pieces of boiled corn, a number that he can sell hours before the weekend market closes at five or six o’clock. Probably his micro business does not make him a millionaire, but who knows if he handles his earnings right? You can easily figure out that he makes a decent income from his little business.
Here’s how. He buys his green corn from a trader at P7.50 apiece. They are of good size and they have good eating quality that is why he can retail them at P20 apiece. If the buyer buys more than two, he sells them at P50 for three pieces. On the average, he says that he can gross P2,700 per day. You can deduct the cost of the green corn (P1,237.50) cost of cooking (say P150), transport cost (P150), space rent (P50 per day) and miscellaneous expenses (P100). That’s P1,587.50. Deduct that from P2,700 and there’s P1,112.50 left. Let’s just say he nets P1,000 per day. That’s not bad at all for a micro entrepreneur.
During other days of the week, he can do business somewhere else.