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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

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

Grow your business through vertical integration

To control its processes, this company pursued vertical integration.

The Universal Group of Companies, a conglomerate of five firms based in Zamboanga City, is one of the country\\\'s largest producers of canned sardines. From its humble beginnings as a dried fish maker and retailer, it has become one of the country\\\'s ...

by Jimbo Owen B. Gulle  | July 30, 2012 01:00:00
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
Business Ideas

Train your mind to create the best business solutions

Simple technique to find the best method of managing your problems.

You have to admit that "problems" and "the entrepreneur" share a very special relationship. On one hand, just about every successful business venture originally started out as a "solution" to a problem. On the other hand, having too many problems coming up ...

by Aileen Santos, CPC MAC  | June 05, 2012 10:00:00
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