Business Insights Archive

The shrinking global economy under COVID 19 pandemic by Beth Debouvre

There have been many speculations by leading economists that the worldwide economy can shrink by 3% in 2020. This slowdown is the steepest compared to any in the recent decade. Lockdown confined millions of people within their homes for months limiting economic activity.  The lockdown declared by the nations worldwide has also led to the [&hellip

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Why Cooperatives fail?

Abe Belina, a writer of the The Filipino Entrepreneur jotted down some of the reason why cooperatives in the Philippines fail. Cooperatives or coop in the common term is a group of people who have set up their own enterprise for their common good in which people is a common element. Though many studies attempt [&hellip

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Making a Comeback Post-COVID

It is a testament to the resilience of Filipinos to find opportunity in adversity. Consumption shift has been evident in the past months since the quarantine period started, with more Filipinos finding ways to create an economic activity to adjust to the conditions dictated by the pandemic. From this and the current consumer behavior, we [&hellip

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How entrepreneurship shapes development

Government has been all eyes and ears in boosting the rural industries and on employment generation. According to Eduardo Taylor, an acknowledged authority on small enterprise development, the following are the principles in shaping up entrepreneurship as a key to development in the countryside. • Entrepreneurship creates employment. Setting up an enterprise would \mean hiring [&hellip

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What information an entrepreneur needs

Information for an entrepreneur is the financial and non-financial aspects of the business. Sales figures, operating expenses and outstanding accounts should be monitored on a daily or weekly basis whether an entrepreneur is a small time sari-sari store owner more so if the entrepreneur is a big time department store owner. There are two kinds [&hellip

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How the Pandemic Is Affecting the Outsourcing Industry

Time and again, we find ourselves dealing with challenging conditions and situations, just like the COVID-19 pandemic that has caused losses in life and livelihood in many parts of the world. One of the aspects that are severely impacted by this health crisis involves businesses and their workforce. With community quarantines and hard lockdowns in [&hellip

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The Rise of BPO Industries in the Philippines

The call center outsourcing in the Philippines has been growing steadily in the past few years.  In fact, business processing outsourcing (BPO) is one of the successful and fastest growing sectors in the country. Today, the industry has more than 1 million directly employed employees. Before it became one of the largest industries in the [&hellip

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How to Compute and Price a Product

Pricing is one of the most important factors you must consider in whatever business you plan to put up. The idea is not to price your product or service too high or too low. If your price is too high, not too many people will be able to afford your product or service. If it’s [&hellip

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Types of Intellectual Properties Protected By Philippine Law

Intellectual property or IP refers to any work or creation of a person, to which he is entitled to or possess rights, as it is a product of his intellect. Intellectual properties include but are not limited to inventions, literary pieces, graphic designs, logos, taglines, and symbols normally used for commercial purposes. Today, IPs are [&hellip

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How to Set Price for Your Store Items

Prices for your store items, if not managed accurately, might draw away possible customers. As a budding businessman, we sometimes forget that aside from being an entrepreneur we are also buyers in the first place. Putting reasonable prices for your store items is one of the many considerations when you are starting your business venture. [&hellip

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