Business Startup Archive

How to Choose the Right Type of Business

Reviewing your list and sorting out your ideas according to type of business activity will help you decide which business idea you will eventually entertain. Ask yourself this question: “Do I want to manufacture a product, deliver a service, or go into trading?” o A manufacturer produces a product and sells it. Making new jewelry […]

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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 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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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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Business Registration Steps – The Easy Way!

If you want to start a business in the Philippines, just follow these simple business registration steps. Starting a business in the Philippines is easy and does not have to be a daunting task. Step 1: Go to any DTI office (DTI) and the Bureau of Trade Regulation and Consumer Protection (BTRCP)to register your business […]

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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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Components of a Business Plan

A business plan is basically composed of the following: * Introduction or executive summary. Just like the preface or foreword of a book, the introduction or executive summary gives a general idea about the contents of the business plan. It also states the name of the person who is planning to set up the business, […]

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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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How to Get Business Permits and Licenses

In starting your own business, getting business permits and licenses is very important step. To make your business legal and fully functional there are several government agencies you have to register with depending on the type of your business. These are the following:

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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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The Business Plan – Why Plan a Business?

You are already definite about your business idea and want to make it real. You feel you have the “it” to be an entrepreneur. You know what you are getting into; you have the skills, some experience, and believe you can persuade people to buy your product or use your service. What else is stopping […]

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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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