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Franchising

Franchising for expansion

Mention the word franchising and most enterprise owners looking to grow their business would probably tell you they have, or still are, thinking of it as an expansion tactic. And why would they not, as franchising seems to guarantee a steady and proven way of making money.

Mention the word franchising and most enterprise owners looking to grow their business would probably tell you they have, or still are, thinking of it as an expansion tactic. And why would they not, as franchising seems to guarantee a steady and ...

by Entrepreneur Staff  | October 21, 2013 10:00:00
Startup Tips

Choosing suppliers for your food business

If you enjoy preparing food, are creative and work hard, you may succeed in the food business, but these qualities are often not enough to hack it in the world of food service.

If you enjoy preparing food, are creative and work hard, you may succeed in the food business, but these qualities are often not enough to hack it in the world of food service. In fact, many food businesses have failed not because ...

by Gerry Baclagon  | September 19, 2013 10:00:00
Startup Tips

The ins and outs of a microlending business

A lending business can be set up as a single proprietorship, partnership, or corporation. However, you can't use the word "lending" or "finance" in your business name if you choose to set up your lending business as a single proprietorship or partnership.

"The lending industry thrives better in times of financial crunch," according to  Edgardo Tipa, a financial trainer with BusinessCoach Inc.  who has been conducting seminars for four years now.To cope with the crisis, people try to stretch their budget and augment their ...

by Entrepreneur Staff  | September 03, 2013 01:00:00
Business Ideas

How to do a great sales pitch

In order to "sell" your product or service, you need to convince people to invest in your business idea or employ you for a project. All those group presentations in front of class prepared you for making pitches to prospective investors and clients.

Emily Ford, in an article entitled "How to pitch a business idea " published in www.business.timesonline.co.uk , also gives this tip, among others:Present yourself. When you get up in front of your prospective investors, you are presenting not only your product or ...

by Entrepreneur Staff  | September 03, 2013 07:00:00
Startup Tips

Start your own bar

The competition is stiff, but you\\\'ll get ahead if you offer something unique and choose your niche carefully.

Putting up and running your own bar sounds like a good business idea. One intrepid businessman, Ricky Velasco, had always dreamed of it, so he put up Jivaro on Bayani Road in Fort Bonifacio over a year ago, betting the area would ...

by Kia Ortiz-Luis  | August 28, 2013 02:00:00
Startup Tips

How to break free from your stress cycle

Learn how to deal with your hectic schedule.

Perhaps you\\\'re wondering how a small business owner can find balance amidst a really hectic schedule. The thing is, it\\\'s perfectly okay to be busy as long as you\\\'re doing something that also brings you enjoyment, whether directly or indirectly.Remember, work-life balance ...

by Aileen Santos, CPC MAC  | July 23, 2013 05:00:00
Startup Tips

How to negotiate payment terms with suppliers

Negotiating for longer payment terms is one way to manage your cash flow.

by Henry Ong  | July 22, 2013 01:00:00
Startup Tips

Buy or sell a business the right way

Buying an enterprise or selling yours? Take legal advice before you plunge in.

"Easy come, easy go" is how most people would describe their various business ventures these days.Everybody appears to have settled in for a long ride through this global economic crisis, resignedly accepting financial loss as an unavoidable pit stop. Spooked business owners ...

by Reeza Singzon  | September 04, 2012 10:00:00
Startup Tips

Franchising for brand building and expansion

Learn how franchising, distributorship and customer relationship management boost sales.

From just six stores in 1999, it is undeniable that franchising has been Netopia Internet Café’s magic bullet that enabled it to widen its reach at an exponential rate. Franchising, in the words of Armando Bartolome, president of GMB Franchise Developers, “is ...

August 24, 2012 07:00:00
Startup Tips

The package is the message

Make your product stand out and fly off the shelves with innovative packaging.

It\\\'s difficult to overstate the importance of packaging to a product or service. Especially for products like food, it\\\'s the packaging that gives the customer the first impression about the product. In fact, as most of us know, many people judge a ...

by Jimbo Owen B. Gulle  | August 15, 2012 02:00:00
Startup Tips

On profit sharing

How the profits from a business should be divided among the investors.

Q: I\\\'d like to ask what the standard profit sharing is for business investors. We are establishing a branch of our travel agency in a mall, for which we are getting two to three investors to put up at least P1 million ...

by Henry C. Ong  | July 16, 2012 01:00:00
Franchising

How to choose a franchise

Basic things to remember when deciding on a franchise to buy.

Q: What should one keep in mind when choosing which brand to buy a franchise for? A: The first consideration should be to find a business model or concept that best suits you. As much as possible, choose a concept you really like ...

by Armando Bartolome  | June 14, 2012 10:00:00
Business Ideas

Close the sale without really selling

Top insurance salesperson says: Forget selling!

Selling is a skill that can be learned from scratch, as Maria Rosalynd Venus Coraza has proven on her way to becoming a financial consultant and estate planner of individuals with high net worth. But Coraza, a consistent top-performing agent of Philam ...

by Louise M. Francisco  | June 13, 2012 01:00:00
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