Business Startup Archive

Why is Manpower Always a Business’ Secret Ingredient

In the Philippines, manpower services are a vital part of successful companies and corporations. Their operations will not be running smoothly and efficiently without them. In fact, they are highly dependent of the work their manpower produces in order to provide their products and services to their customers and clienteles. However, their importance goes beyond […]

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How to Write a Simple Business Plan

What is a Business Plan? The primary value of your business plan will be to create a written outline that evaluates all aspects of the economic viability of your business venture including a description and analysis of your business prospects. A business plan is an essential step for any prudent entrepreneur to take, regardless of […]

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How to Register Tiangge and Sari-sari stores with the Philippine Business Registry (PBR)

The Department of Trade and Industry (DTI) has urged the micro businesses, particularly the tiangge and sari-sari stores, to register with the Philippine Business Registry (PBR) to legalize their businesses and reap benefits from government services for micro, small, and medium enterprises (MSMEs). DTI Undersecretary for Consumer Welfare and Business Regulation Group (CWBRG) Zenaida Cuison-Maglaya […]

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How to Compute Profit Margin and Markup

Figuring out when you’re making a profit is key to business success. One of the most important financial concepts you will need to learn in running your new business is the computation of gross profit. And the tool that you use to maintain gross profit is markup. The gross profit on a product sold is […]

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How to Conduct a Feasibility Study

How to conduct a feasibility study? An idea for a business is not a sufficient reason to begin production straight away. It is essential to be aware of the different aspects involved in actually running the business. To reduce the risk of failure, producers should first go through the following aspects and finally develop a […]

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Buy a Business or Take a Franchise?

You have options to start a brand-new business from scratch. One other option is to buy an already existing business or to take a franchise on an already tried-and-tested business. Either option should be attractive to would-be entrepreneurs who think they don’t have a creative idea for new or better products and services or would […]

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Can You Use a Credit Card to Start a Small Business?

Not everyone will be blessed with a fortune to start their own business. The reality for most of us is that we need to save up for years, and work tirelessly day and night just to come up with the money to open our dream business. When that entrepreneurial dream couldn’t wait any longer, there’s […]

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Essential Steps to Moving a Business

Moving a business might seem easy, but it isn’t. It requires careful planning that often starts months in advance. If you are moving your office locally, you need to be prepared — even if you’re just moving down the block. Not taking the time beforehand could cost your business significantly. So, before you start the […]

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Starting A Business With No Money

The question of how to start up a business without any money is becoming a lot more prevalent these days. As financial conditions have become more difficult, a lot of people are considering ways to either make additional money or break free from the uncertainties of the job market completely. Regrettably, these same financial difficulties […]

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How to Identify Business Opportunities

Find a business opportunity in every market need. One of the first things you should remember in trying to identify business opportunities is that all enterprising ventures answer, in one way or another, a particular human need. Whether it is a product or a service, it must respond to what the buyers need or want. […]

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What is the Best Business to Go Into?

In many entrepreneurship fora, the most frequently asked question by aspiring entrepreneurs is: “What is the best business to go into?” The standard answer they often receive is: “It depends,” which is then explained in detail in terms of the many internal and external variables on which “it” depends. Often, this answer disappoints the listeners. […]

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Business Registration Steps – The Easy Way!

Detailed steps on how to register your business in the Philippines. How to register your business under R.A 9178: Barangay Micro Business Enterprises (BMBEs) act of 2002.  Barangay Micro-Business Enterprises (BMBEs) can now register their businesses, free of charge, at the Department of Trade and Industry (DTI) through the agency’s Negosyo Centers. Under Republic Act […]

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