Tag Archives: business

Rags-to-Riches Stories and Making it Big in Business

A number of business persons have been featured in our list of inspiring and successful Filipino entrepreneurs. While the story of business success, in itself, may be considered as inspiring by many, there’s a special ring to rags-to-riches stories.

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Testing the Limit of Starbucks Warmth in the Philippines

A couple of things immediately stand out when referring to Starbucks. For one, the company is understandably proud of its baristas. This Seattle-born company is passionate about coffee but if we consider that Filipinos have not always consumed coffee at the Starbuck’s price range, it’s easy to see that service and ambiance are important factors why patrons flock to Starbucks.

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Principal Office Address: Amending the Articles of Incorporation

Corporate compliance, just like tax and other reportorial requirements, is easier if handled by an army of staff, whether organic or outsourced. For small and medium entrepreneurs (SMEs), however, employees cannot be considered as mere items of expense in the corporate books, for the simple reason that SMEs are naturally saddled with a lower spending cap. The enterepeneur ends up doing the marketing and selling, while performing the administrative backend, including corporate compliance.  Continue reading

Business and the Power of Social Media

Anyone who knows the internet, even those who knows the net without actively browsing the web, knows the strong impact of social media, which includes facebook, twitter and instagram, on the way business is being done. This is abundantly clear when it comes to marketing. The recent “tshirt controversy” highlights the impact of social media on customer feedback and corporate image.

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Encouraging Micro, Small and Medium Enterprises (MSME) through the Go Negosyo Act of 2013

The crucial role played by micro, small and medium enterprises (MSMEs) has long been recognized. The established figures are astounding — more than 99% of enterprises in the Philippines are MSMEs. These business entities heavily contribute to economic development and, more importantly, generate employment in a scale larger than big industries. It thus makes absolute sense for lawmakers to pass a legislation that encourages and assists MSMEs during registration, in the conduct of business, and compliance with regulatory requirements.

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Business Ideas over Business Capital

What to do when one has no business idea and no business capital? The good thing about the query, received through email, is the obvious interest in doing business. It’s important to note that much of the risk in doing business lies in the insufficient understanding of the nature, requirements and prospects of the business. Peter Drucker, widely regarded as a management guru, succinctly noted that “entrepreneurship is “risky” mainly because so few of the so-called entrepreneurs know what they are doing.” There is, therefore, everything to gain in asking questions, especially for new entrepreneurs. Continue reading

Republic Act 10535: The Philippine Standard Time (PST) Act of 2013

[See also Filipino Time is On Time]

Republic of the Philippines
Congress of the Philippines
Metro Manila
Fifteenth Congress
Third Regular Session

Begun and held in Metro Manila, on Monday, the twenty-third day of July, two thousand twelve.

REPUBLIC ACT NO. 10535

AN ACT TO SET THE PHILIPPINE STANDARD TIME (PST) IN ALL OFFICIAL SOURCES THROUGHOUT THE COUNTRY, TO PROVIDE FUNDS FOR THE INSTALLATION, OPERATION AND MAINTENANCE OF SYNCHRONIZED TIME DEVICES TO BE DISPLAYED IN KEY PUBLIC PLACES AND TO DECLARE THE FIRST WEEK OF EVERY YEAR AS NATIONAL TIME CONSCIOUSNESS WEEK

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New Scam Involving Change of Payment Details

A scam is always waiting to happen. It pounces on the vigilant and clueless alike. In this era of [presumably] secure money transfers in business transactions, it’s amazing to see a simple scheme hit one company after another. This scam is really not a new but we’ve seen an alarming rise of incidents in the past months. The modus operandi goes like this. Continue reading