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Startup Tips

7 problems preventing your business from being profitable

Low prices, excessive ongoing costs, inconsistent revenues ”" what's your business' core issue?

There are many reasons to become an entrepreneur, but no matter what yours are, even if they don’t include getting rich, your business still needs to generate a profit.Without one, you can’t keep the doors open, and you can’t keep doing what you ...

by Jayson Demers  | November 23, 2016 05:00:00
Startup Tips

8 best practices to seek funding from friends, family, and fools

The first move to make is to impress them with your idea.

Many first-time entrepreneurs find themselves unable to bootstrap their startups, and also unable to find early funding at the venture capital level or even with angel investors. Their only recourse is that first tier of investors, fondly called Friends, Family and Fools. These are ...

by Martin Zwilling  | May 30, 2015 09:00:00
Business Ideas

Funds earmarked for SMEs this year

The Department of Trade and Industry has set aside P34.4 million for 40 small-scale livelihood projects.

The Department of Trade and Industry has set aside P34.4 million this year for 40 small-scale livelihood projects out of the P50 million fund for its Shared Services Facility (SSF) Program.The latest to get funding support are four projects in Compostela Valley. The ...

April 08, 2013 01:00:00
Business Ideas

An all-in-one financing facility for entrepreneurs

Now an easy way to get extended credit.

BPI Family Savings Bank, through the Ka-Negosyo Loan program, introduces its newest financing facility that provides the easiest ways for entrepreneurs to access their credit line. The “Ka-Negosyo Credit Line” is a multi-purpose and multi-access stand-by loan facility that provides flexibility to ...

by Tania Bautista  | October 01, 2012 07:00:00
Startup Tips

What would you do with P200,000 in extra cash?

We asked four entrepreneurs the same question.

If P200,000 falls on one's lap--cash that's ready to be spent with no strings attached--what would most people do with it? Some people would use it to pay their children's tuition fees for a whole year, as down payment for a brand ...

by Tino Pamintuan  | March 07, 2012 09:00:00
Startup Tips

Finding the right angel investor for your business

Angels can help your business grow.

Even without capital, your business can take off with the help of investors who love what you are doing.More than spiritual guardians, angels in the business world can be the blessing you’re looking for to jumpstart your business.Referred to as angel investors, ...

by Entrepreneur Staff  | November 21, 2011 11:00:00
Startup Tips

What you need to know about borrowing money for your start-up

Do you need cash to start your business?

Are you setting up a new business? Or are you planning to expand your current business? Either way, you are likely to face some difficulties obtaining capital to finance it, especially during these times of economic uncertainty.Your possible sources of funding can ...

by Henry Ong  | September 23, 2011 02:00:00
Startup Tips

The basics of getting credit to start your business

One of the problems commonly faced by start-up entrepreneurs is looking for funds

One of the problems commonly faced by start-up entrepreneurs is looking for funds to either open or expand their business. The idea and the motivation are there but only the money to make it happen is lacking. Entrepreneurs can opt to borrow ...

by Entrepreneur Staff  | September 07, 2011 09:00:00
Startup Tips

Why you should record sources of startup capital

You should make the effort to document investments

To ensure harmony and stability in a business, there should be a proper documentation of investment or any other interest each investor has takenA purchase of an interest in a business should be properly documented so the parties involved will have a ...

by Entrepreneur Staff  | August 24, 2011 02:00:00
Startup Tips

What you need to know about the lower SSS rates

SSS is lowering interest rates for company and employee loans

The Social Security System (SSS) has announced that it will be cutting interest rates by as much as three percent for commercial and personal loans.The new rates, about 11.5 percent for commercial loans and 7.5 percent for personal loans depending on the ...

August 12, 2011 05:00:00