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Startup Tips

The 6 questions your business plan must answer

If your product's uniqueness can’t stand up against your competitor's copy, you’re in trouble

The other night we were talking with a group of young people when one person said that she wasn’t able to start a business because she couldn’t qualify for a loan. As you can imagine, several of us chimed in that we didn’t ...

by Doug and Polly White  | November 14, 2016 05:00:00
Startup Tips

A Php 50,000 question: 10 smart ways for productive spending

If Php 50,000 landed on your lap, how would you spend it?

There are infinite ways you can spend a sudden surge of reasonably large capital. Of course, you can put it in a savings account. But why would you?Armand Bengco, a financial advisor and executive director at the Colayco Foundation for Education Inc., ...

by Jennee Grace Rubrico, Dulce Castillo-Morales and Joe Esgerra  | September 13, 2016 03:00:00
Startup Tips

The best kind of capital: Money from ”?"family, friends and fools”

It’s not about being lucky; it’s about working with what you’ve got

You’ve got the concept. You’ve got a solid business plan. Now, how do you get the money to launch your brilliant startup? As the saying goes, you need money to make money. Nobody knows this better than startup entrepreneurs.LJ Moreno-Alapag, founder of ...

by Entrepreneur Staff  | September 07, 2016 09:00:00
Startup Tips

How to convince family, friends to give you a loan

Family and friends offer flexible terms, ideal interest rates, and often allow the payback period to stretch indefinitely.

A few years ago, Tim Mervin Orille borrowed from his siblings to buy a franchise from corn snack chain Sweet Corner. He had to lay the cards on the table and present a comprehensive business plan to ease his family’s concerns about ...

by Charlene Pe  | April 05, 2016 09:00:00
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