By: Anel Philimon
Service Center Director/Business Advisor
RMI SBDC
Please tell us about yourself and your family.
I grew up in a business environment in which my parents owned and operated a small retail store for which financed my brothers and I through school.
Why did you decide to start your own business?
Business and management is what I know and is basically my life.
What experience do you have in this type of business?
Retailing and Banking management.
How did the Small Business Development Center and other resources help you?
This program opened opportunities pertaining to capital availability and a business model to follow.
What was the start-up process like?
Start-up process had no issues. It was smooth with the guidance of the SBDC consultant and Bank of the Marshall Islands-BOMI representatives.
How did you fund your business?
Through the Bank of the Marshall Islands (BOMI)
What is your most memorable triumph in your start-up process?
Starting up the taxi service business.
What are your short-term and long-term plans for your business?
Short term goal is to pay off the loan in one and a half years and my long-term goal is to explore other business opportunities.
What advise would you give to others who want to start a business at this time?
Owning your own business will only be successful if you are true to it.