The Entrepreneur

03/11/2016

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24/10/2016

Pitch competitions are a reality of startup life, as common as coffee mugs that say “Hustle Harder” or thought leaders expounding on the need for “grit.”

Still, even the smartest entrepreneur isn’t always ready for what competition judges might ask. During Steve Case’s Rise of the Rest tour, a seven-city road trip across the US highlighting entrepreneurs outside the major startup hubs, founders in Phoenix participated in their own mock pitch competition, allowing them to practice and polish their answers.

We’ve collected a curated selection of questions during the competion, some asked more often than others.

To prepare for your next competition, get prepping with these potential questions:

How well you answer these real-life questions can help give you an edge

22/10/2016

Becoming an entrepreneur is one of the most fulfilling ways to live life these days. You not only get to earn good income, but as well do it without working for someone else. But mind you, starting a business isn’t easy; apart from setting up the stuff that you plan to sell to your target market, you have to process the paperwork. Yes, in order to achieve smooth business operations, your legal documents should be completed first.
Establishing a single proprietorship business in the Philippines is less complicated than that of bigger companies and corporations. You just have to be well aware of the papers to process, where to work on them, and how much money to shell out to iron out the documents.

Before anything else, you should be at least 18 years old and a Filipino citizen in order to register a sole proprietorship business. If you already possess those prerequisites, then you may go ahead and process the paperwork.

Barangay Permits

The first place in which you can register your business is at the Barangay level. You have to acquire a business clearance in the Barangay in which you are going to set up your business office, so that you will be recognized accordingly in your village. You will also need a Barangay clearance when applying for permits in higher government offices as you push through with your registration.

A Barangay clearance has a minimal processing fee, and you can get it within the day.

Department of Trade in Industry Registration

Probably the most important document that you have to acquire when starting a single proprietorship business is a DTI registration. You will have to go the DTI office in your city or municipality and apply for a business registration, so that your business name will be entered at the DTI Business Name Registration System.

Once your business name is registered, you will receive a Certificate of Business Name Registration, which you will then present to the other offices to complete your business papers.
You will also receive a Transaction Reference Number Acknowledgment from the DTI BNRS within a few days. You may want to print and include this in your papers when applying for city permits and bank accounts later on.

Probably the most important document that you have to acquire when starting a single proprietorship business is a DTI registration. You will have to go the DTI

21/10/2016

Do you sometimes find yourself thinking, “Had I known then what I know now”? This article could have been penned, “A Letter to My Younger Self”. I am almost two decades removed from 30. Although I made a conscious effort to manage my finances at an early age, my approach could have been better. This is why you need this list of 20 financial to do’s before you hit 30.

My former boss told me, “If you do not have at least 50,000 Pesos saved right now, you will be in trouble.”

That was back in 1991. I was 24 years old with a year of work under my belt. What is the value of 50,000 Pesos today? In 1991, I could get a full tank of gas with 100 Pesos. Today, 500 Pesos may not even get me a half tank of gas.

If you are 30 or approaching your third decade of life, you are reaching a stage where turning point decisions have to be made. If you are a regular employee, your economic viability will start to decline the closer you get to 35.

If you have not been promoted or given a significant pay increase, you may wish to ask your company about its career planning program, look for another job or consider entrepreneurship.

Life is full of “ifs” and that is why you should not depend on anyone else except the one person you can or should trust: YOU.

If you're approaching your third decade of life, you are reaching a stage where turning point decisions have to be made. Here are 20 financial to do’s to consider.

21/10/2016

He may have studied in various institutions around the world and he may have gained firsthand knowledge of several industries influencing his numerous businesses, but long-time entrepreneur Robert Laurel Yupangco still believes that there are many things he doesn’t know.

“This is my knowledge,” he told Entrepreneur Philippines, his hand hovering over a plate on one of the tables of his restaurant, Misono Teppanyaki. “The whole table,” he continued, “these are the things that I don’t know.” The whole world, meanwhile, represents the things that “I don’t know, I don’t know.”

“Blind spots,” he called them. And if there is any truth to his measurement, his blind spots overwhelmingly dwarf the amount of knowledge he has gained after more than 60 years of being alive. His humility, aside, however, the man is far from ignorant.

Yupangco after all is the chief executive officer of the Yupangco Group of Companies, a group made up of a diverse range of businesses dealing in various industries. Its flagship business, GA Yupangco & Co, is something he inherited from his father, Graciano, but most of the other enterprises that are now under its massive umbrella are “children” of his own making. And each of them, according to him, presented learning opportunities, chances to unravel many of his previous blind spots.

A peek into the life of the leader behind the Yupangco Group of Companies

21/10/2016

Nice Quote from Mark:

20/10/2016

How you wake up can often dictate how the rest of your day will go. That’s why it’s important to approach every day with a strong and optimistic routine.

How do you think the most successful people in the world start their days? Definitely not by sleeping in or rolling out of bed.

Waking up early with a positive mindset is the first step to a healthy morning routine. If you often feel like there’s not enough time in the day, extra early hours will help you get more done. People such as Richard Branson and Olympian Jessica Ennis Hill start their days by eating a healthy breakfast, planning out their days and exercising.

Check out Leisurejobs.com’s infographic below to learn more successful morning secrets.

Rise and shine! And don’t hit that snooze button!

20/10/2016

We are still in the mid of 2016 but the business buzz is still up on high. Day in and day out, we find mini-success stories of entrepreneurs who made something literally out of scratch.

There are also those overseas Filipino workers (OFW) that have outgrown their stay abroad and have decided to come back and start being their own bosses. There are also some millennials and young business minded people that want to start making a pretty buck and be stable even before they retire. And you can have a lot of ideas to what business to start with, when to put it up, where to start selling and who are you selling the, to but you got to focus on the big ticket items.

Though not as big as the million dollar ideas of Trump, Branson and what have you, this list of ideas could help you struck gold!

We are still in the mid of 2016 but the business buzz is still up on high. Day in and day out, we find mini-success stories of entrepreneurs who made something

20/10/2016

Amazing simple steps to success:

19/10/2016

Cyber security is a serious issue for businesses nowadays. The advancement of web and technology results in the progress of the skills of cons and hackers who can pe*****te even the most secure online security system.

Start-ups and small businesses think that hackers only try to breach the security of large multinational companies. Hence, they tend to let down their guards and ignore scheduled system upgrades and patches. However, this simple mistake has already caused many small businesses to lose millions.

A regular hacker can steal information and bring down a cluster of small companies with just a click of a button. Moreover, no matter how small your business is, it’s imperative that you secure your online perimeters to keep hackers away from your files and out of your business entirely.

There are no cyber security systems that are completely risk proof. However, there are effective ways to ensure the protection of your company data from outsiders, aside from putting up the usual firewall and using passwords with interchanged symbols and letters.

Here are five must-do cyber security initiatives for your business today:

Cyber security is a serious issue for businesses nowadays. Here are five must-do cyber security initiatives for your small business today.

18/10/2016

Hog raising is one of the most lucrative home businesses that you can easily start with, especially if you are living in a home with a wide backyard. Hogs can be used for various purposes: they can be sold in as pork meat in the market, or processed into cold cuts, or traded live for those who are into the roasting business.
Starting a hog business at home doesn’t require a big capital, compared to other forms of entrepreneurial ventures. All you need are a few things, such as patience and perseverance, and the passion for raising animals, as eventually you can integrate other farming ideas with your already existing hog business.
Purchasing piglets

When raising hogs, you need to start with piglets. You cannot take adult hogs under your wing anymore because they already have bigger needs in terms of feeding and maintenance, so you’d have to start with the young ones.
There are basically two generic breeds of hogs that you can raise, the foreign and native ones. Foreign hogs are those with light pink with black patches and high hooves, while the native breeds are those with black complexion. Native hogs grow bigger but have tough meat, thus they ideal for breeding with other variants instead of being sold for their carcass. However, if you are raising hogs for meat produce, you can go with the foreign breeds instead.

One-month old piglets are usually the ones sold for raising. They cost somewhere between Php 2,000 to
Php 3,000 per head, depending on the breed, age and gender.
If you have a big space to raise hogs, such as a small farm, then you can go and start with 10-20 heads; however, if you are a newbie in the hog business, then you can start with one to two hogs first until you learn how to take care of them efficiently.
Constructing the den

Starting a hog business at home doesn’t require a big capital, compared to other forms of entrepreneurial ventures. All you need are a few things, such as

18/10/2016

Most of us have fond childhood memories of playing with and collecting toys. But for some, their passion for toy collecting never went away, such that it’s even become a business for them.

I was first introduced to the world of toy collecting by an old friend. Five years later, I’ve come to realize that toy collecting—while still a niche market—is slowly but surely growing in the Philippines.

This is evidenced by a number of small toy shops sprouting in different areas throughout Metro Manila – but most especially in Greenhills — as well as in the provinces. Moreover, more toy conventions are making their appearances, where both avid toy collectors and casual buyers can buy both new and pre-loved toys.

But most of the buying and selling of toys is happening online, primarily through Facebook groups, but also in selling platforms like OLX and eBay.ph.

From Kramer: Toy Warden to a doctor who buys and sells, both make good bucks from their treasures