Business Insights Archive

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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Advertising Do’s and Don’ts

For every company and company owner in this world there is an advertising approach each one thinks is the right one for their company and the promotional advertising done there. It’s okay to have unusual ideas but there are some things that should be done and others that shouldn’t be done that are universal to [&hellip

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The Issue with Poor Employee Engagement

Dissatisfied employees are costly to your organization. If you don’t take the steps to figure out why employees aren’t satisfied, it’s unlikely you’ll solve the issue in the future. The current level of Employee Engagement in the United States is at 66 out of 100, which means organizations throughout the country have some work to [&hellip

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7 Approaches to Ensure an Effective Business Structure

First, let’s define two terms. The first is ‘effective business’. An effective business is a business that accomplishes its purpose. Its purpose is the reason for which it was designed. An effective business is synonymous with a successful business. The second term is ‘business structure’. Business structure is the physical design of that business. It [&hellip

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Why Now Is the Best Time to Open Business in the Philippines

You’ve probably already heard of the line “It’s More Fun in the Philippines.”Well, not only does the country offer majestic beaches and views which tourists love, but also fantastic benefits in terms of opening a business in the Philippines. The Philippines’ economy is growing and has a current GDP growth of 6% to 7%, which [&hellip

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Remittance in the Philippines

Just in time for the Christmas season, Xoom, a PayPal service, just launched a “request” feature in their online money transfer service remittance beneficiaries can use to easily send a request to their loved ones in the U.S. The United States of America is the leading sources of cash remittances for 2016, totaling to US$6,596,432 [&hellip

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How communication helps entrepreneurs

Communication has a pivotal role to play in the development of an entrepreneurial society. It will open vast information activities that will create the necessary climate for entrepreneurial development. This will open up new opportunities otherwise inaccessible to ordinary entrepreneurs. • Communication plays a vital role even to small enterprise, where control by one person [&hellip

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