Startups are tricky investment opportunities. On one hand, they offer great potential and could grow into real money-earners in the future. On the other, their limited cash-flow and high failure rate might put off many investors. However, if you’re prepared to take the dive and invest in a startup, make sure that you do it [&hellip
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 [&hellip
Employees who have experienced working the daily grind usually dream of having a business of their own, regardless of how small it is. Many of them long to be free from the pressure and monotony that are usually associated with corporate life. A number of them also try to save up for a planned business [&hellip
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 [&hellip
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. [&hellip
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 [&hellip
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 [&hellip
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 [&hellip
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 [&hellip
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, [&hellip
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: DEPARTMENT OF TRADE AND INDUSTRY (DTI) Bureau of Trade Regulation and Consumer [&hellip
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 [&hellip