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Startup Tips

6 tips to keep your 24-hour business running smoothly

Learn some best practices from the 'treps behind businesses that run round-the-clock.

Thanks to business process outsourcing (BPO) employeess, convenience stores never had it so good. In 2010, the Philippines’ BPO workforce only numbered 500,000, but this year, it’s expected to balloon to 1.3 million. No surprise, 7-Eleven, Ministop, and FamilyMart are on an ...

by Fatima de Guzman  | January 27, 2016 07:00:00
Startup Tips

5 preventable disasters that have ruined countless startups

Don't let these preventable disasters hit your business.

Disasters happen, it’s the natural course of the world. An earthquake may strike unexpectedly, a car may collide with ours, or a fire may destroy our homes. Most of these disasters are unexpected, unpredictable and random, and are therefore unpreventable. When they happen, it’s tragic, ...

by Jayson Demers  | July 06, 2015 10:00:00
Startup Tips

5 permits you need before starting a new business

Here are the five important permits you need to secure from your local government.

Thinking of starting a business? After registering your startup with the Department of Trade and Industry (DTI) or the Securities and Exchnage Commission (SEC), you’ll also need to secure the permits below from your local government or the city/region where your business ...

by Entrepreneur Staff  | July 02, 2015 05:00:00
Business Ideas

Real tales: Turning P50,000 into millions

Sales expert Dioscorro Garing Jr. shares the story of how he started to become a master salesman, which eventually led him to put up his own sales training center that started from a P50,000 capital.

During my pre-school years I tagged along with my mother to sell maruya for a living in Mindoro. We were more than a dozen siblings, and everyone pitching in at the time helped to lighten the load.I aspired to become a doctor ...

by Jun Garing  | May 11, 2015 03:00:00
Business Ideas

Is it time to hire a professional manager?

Delegating some responsibilities can help a business owner keep his eye on growing the business.

As your business grows, so do the responsibilities of keeping it a well- oiled machine. Often, a small business owner can be overwhelmed with the added tasks of dealing with more customers and keeping them all satisfied with your products.However, most entrepreneurs ...

by Rafael Santos  | May 08, 2013 10:00:00
Business Ideas

Managing your inventory

Excessive inventory hurts performance because it requires additional capital, and there is a cost associated with this capital. If you can reduce your debt by trimming your inventory, your interest cost will fall, and this will increase your net income, trim your ...

by Bay A. Cabrera  | February 19, 2013 10:00:00
Business Ideas

Looking for new hires online

Post your job requirements online.

As more and more Filipinos use the Internet, employers are increasingly finding the Web an effective recruitment tool for filling their job vacancies. More and more companies are realizing that the best source of qualified labor for white-collar job opportunities, particularly in ...

by Entrepreneur Staff  | November 15, 2011 05:00:00
Startup Tips

Tax basics to remember before you open your business

Are you operating legally?

Failure of an establishment to issue a receipt can lead to penalties, imprisonment, suspension of business operations, or temporary closure. So, if you are a business owner, make sure of the following:Before starting your business operations, you must:1. Register your establishment, including ...

by Entrepreneur Staff  | October 14, 2011 04:00:00
Business Ideas

Is a bill also considered a receipt?

When can a customer demand a sales invoice or an official receipt?

Despite a national reputation as enthusiastic spenders and dedicated consumers, many Filipinos remain confused about some very basic shopping and retail terminologies.In fact, it is likely that even business owners won’t be able to answer such questions as the following: “What is ...

October 07, 2011 02:00:00
Business Ideas

3 business lessons from food industry veteran Nancy Lumen

Expert restaurateur answers your questions

Starting a business is one thing, and running a business is an entirely different thing. For the uninitiated, the way a business operates can be like scaling Mount Everest or facing a blank wall.Being your partner in your entrepreneurial journey, listed ...

by Entrepreneur Staff  | September 28, 2011 01:00:00