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SILENTMAX
Dec 4, 2005, 07:28 PM
quote for the day
"People are not the best because they work hard, they work hard because they are the best." - Dale Carnegie
omeng
Dec 4, 2005, 11:21 PM
very nice quote, idol.
omeng
Dec 5, 2005, 01:06 AM
It was nice talking to to you Omeng. Yes, we'll have the EB after Xmas. I will post a blanket invite to the forum for those who would like to join.
Nice talking to you, too. Looking forward to meet you soon. ;)
omeng
Dec 5, 2005, 01:11 AM
I hope my travel plans will allow me to attend this EB. I would surely enjoy it, if only for the food. :lol:
what about Lamb BBQ with Mango wine with sugar free? :lol:
omeng
Dec 5, 2005, 01:22 AM
hello miss trevi.. pm full. pls chk. :D
omeng
Dec 5, 2005, 01:33 AM
Businesses may now register at DTI offices in SM Malls
By Marianne V. Go
The Philippine Star 12/05/2005
http://www.philstar.com/philstar/NEWS200512050710.htm
The Department of Trade and Industry (DTI), in cooperation with SM Prime Holdings Inc. and SM Shoemart Inc., have forged an agreement that will facilitate the registration of business names through three strategic locations provided by the SM malls.
Under the agreement, businessmen will be able to register their business names in DTI satellite offices located at the SM North Edsa Mall in Quezon City; the SM Mega Mall in Mandaluyong and at the SM South Mall in Las Pińas.
Under the Consumer Welfare Center (CWC) program of the DTI, the business name registration centers will be pilot-tested in the National Capital Region with the first test run at the SM Megamall from Dec. 12 to 16.
The second business registration center at SM North Edsa would go on test run from Dec. 27 to 29, while the CWC at SM South Mall would have its test run from Jan. 2 to 5, 2006.
Registration starts at 10 a.m. and ends at 5 p.m. from Monday to Friday.
Trade and Industry Secretary Peter B. Favila thanked SM "for taking up the government’s challenge to use their premises to support government services."
Favila noted that by opening up the SM malls for business registration, "we will significantly decongest the large crowd in our Makati office. This means that they can shop, be entertained and register at the same time."
Favila added that setting up centers at the SM malls gives "entrepreneurs more venues to choose where to register their business names to complement the business name registration centers in other cities in Metro Manila."
Favila said that the DTI is opening more satellite offices "to bring government services to the people to make it more convenient for them to transact business."
Trade Undersecretary for Consumer Welfare Zenaida C. Maglaya said that if the test runs are successful, "we will branch out to six other SM mall in the provinces particularly in areas with a huge number of business name applicants."
melquiades
Dec 5, 2005, 03:31 AM
hi!! you have a very nice thread.....
how can you start a business if you rely only on your monthly salary?
thanks
BaryaLang
Dec 5, 2005, 06:56 AM
“Two are better than one, because they have a good reward for their labor. For if they fall, the one will lift up his fellow: but woe to him that is alone when he falleth; for he hath not another to help him up. Again, if two lie together; then they have heat; but how can one be warm alone? And if one prevail against him two shall withstand him; and a threefold cord is not quickly broken. – ECCLESIASTES 4:9-12
...Considering your premise, would you then agree that your training “activities” will spawn “copy cats” that will eventually render your training unnecessary? If that’s the case, then what is the point? I pray each night that that is exactly what happens. My boss for the last 46 years is a stern master and I follow His every wish, you may have heard of Him or at least know his name, Jesus Christ! The point is that it is His will that I do so and I do not question my boss.
...So, if you’re not in business, where does the income come from? ... I am not questioning your ulterior motives for doing what you’re doing but I suspect there’s nothing free about it... You may send donations or hire one of our programmers. There is nothing "free" about it from my end, it costs me every hour of every day! My savings use to fund my work. I have no "ulterior motives", what you see is what you get! I'm public in all that I do and always have been.
... I did not realize that there are “international standards” of web design... Now you know that there are, our discussion has done some good work!
...Honestly, my homemade webpage looks a lot more appealing than some of the links you’ve posted under your name and title...
If your web pages/web sites actually sell products for people and are listed in the first three pages of Google and Yahoo then post the links here. Otherwise I understand because you were unaware of the standards. We can help you get your web site up to standard, For "free" because I'm directed to do so by my boss.
...What do you do when someone screams in your ear? ...
I can then hear them speak. I am almost 100% deaf as seen on my many web sites you have reviewed. If you don't scream in my ear I need to see your lips as you speak to understand you.
...just as I don’t know you. Yes, that is true. I pray that you know my boss though.
...There is no reason for you to be starving...
Yes that is true, please see my previous post and send your donation.
Best of luck.Luck does not exist, but I appreciate the intent of your statemnt, thanks.
Barry
Barry Doolittle, Instructor
The Official Web Site for the Happy Pinoy
Barya Lang Internet Family
http://www.happypinoy.com
barry@happypinoy.com
barry@baryalang.com
http://www.baryalang.com
http://www.900ph.com
http://www.19d.us
http://www.1job.us
BaryaLang
Dec 5, 2005, 07:09 AM
hi!! you have a very nice thread.....
how can you start a business if you rely only on your monthly salary?
thanks
Yes, that is a question I hear several times each day. Has one of my students prompted you to post here?
You may need to find a part time opportunity that does not take away from your regular work.
Then you need training that you can afford (Like "free" training).
If Internet Web page/site design is an interest contact me. Or, better yet, if you enjoy sales work register at http://www.1job.us to start with Christmas sales.
This is a real deal/opportunity and it does not cost you money but will require some part time effort.
Barry
Barry Doolittle, Instructor
The Official Web Site for the Happy Pinoy
Barya Lang Internet Family
http://www.happypinoy.com
barry@happypinoy.com
barry@baryalang.com
http://www.baryalang.com
http://www.900ph.com
http://www.19d.us
http://www.1job.us
omeng
Dec 5, 2005, 09:27 AM
hi!! you have a very nice thread.....
how can you start a business if you rely only on your monthly salary?
thanks
you can always start a business even you are just relying on your monthly salary.
"will" and "guts", may lead you. new issue of entrep magazine will be a good to read in this regard.
welcome on board, melquiades. ;)
omeng
Dec 5, 2005, 09:32 AM
idol max, free space in your inbox pls.
familiar with www.puppylinux.com? might be a good alternative for OS?
omeng
Dec 5, 2005, 11:09 AM
http://www.philstar.com/philstar/News200512040403.htm
Caloocan barber is now prize-winning inventor
By Cecille Suerte Felipe
The Philippine Star 12/04/2005
This Filipino has gone the distance, from a working-student barber, to inventor to multi award-winning entrepreneur.
Rolando Cayanan de la Cruz used to work as a barber in Bagong Barrio, Caloocan City to make both ends meet. Now he is an award-winning inventor whose product provides a non-invasive treatment for skin cancer.
"I was in second year high school when I started to work as a barber to support my studies," De la Cruz recalled. "I was so small then, the barber’s chair was bigger than I was."
It was during his work as a barber that he became familiar with various skin problems suffered by his clientele: "Many of the people who came to me for haircuts suffered fungal infections and other skin diseases. That’s when I began thinking about how I could help treat their ailments.
"With good intentions and the all-out support of my family, God answered my prayers," De la Cruz said with a wide smile. He recently bagged the gold medal at the prestigious International Inventor’s Forum (IENA) held in Nuremberg, Germany.
His invention is a skin cream called DeBCC, which is used for the treatment of basal cell carcinoma (BCC), the most common type of skin cancer. The cream contains a formulation of cashew nut extracts and other Philippine herbs.
"By mere application of the cream, with no radical and unacceptable surgeries or procedures, 14 patients with skin cancer were cured in 16 weeks. No recurrences were reported," De la Cruz said.
IENA took note of De la Cruz’s achievement in presenting him with the gold medal for his invention. IENA is a prestigious international organization based in Germany that seeks out outstanding inventions in various scientific fields. De la Cruz’ invention bested 54 other inventions and "DeBCC" was adjudged the most significant invention for the year 2005 beating more than 1,500 other entries.
"I was able to show to the world ang galing ng Pilipino (the worth of the Filipino)," a proud De la Cruz said when he met with reporters to present his gold medal. "I share this with the Filipino people."
De la Cruz made a direct reference to people’s boxing champion and world featherweight title-holder Manny Pacquiao: "This award makes me feel humble. I almost feel like I’m Manny Pacquiao. I was able to show to the world how great Filipinos are."
De la Cruz now heads the RCC Group of Companies — which includes RCC Amazing Touch International Inc., Wartasia International Inc., and Lelalee Pharmaceutical Laboratories Inc.
Invention by accident
De la Cruz said he discovered the health properties of DeBCC through an "accident."
"I was a young boy then and I was eating cashew seeds when I felt a burning sensation. In tears, I ran to my mother, who told me in Kapampangan that ‘it is the cashew seeds’ I had chewed that had burnt me," De la Cruz said with a smile as he recalled how his mother taught him that cashew nuts produce heat.
In high school, De la Cruz said he had a classmate who underwent treatment for warts on the neck: "My classmate told me he could not stand the pain of the wart-removal treatment which involved heat. He said it was painful even with anesthesia. It was then that I recalled the cashew incident."
His innovation was to develop a cream from cashew nut extracts to treat patients with the skin condition. Using the cashew cream, De la Cruz said, a patient barely feels pain: "Parang kagat lang ng langgam (it is just like an ant bite)."
With the support of his wife Lydia and five children Richard, Rommel, Lorena, Lelalee and Jennifer, De la Cruz realized his dreams after 25 years of study, research and experience and they set up RCC Amazing Touch International Inc.
"We resigned from our respective jobs to support my father in his invention," De la Cruz’s eldest son, Richard, said. "It was a risk but we believe in our father. Love and support were the key factor in the success of our father and our company."
Each member of the Dela Cruz family plays a vital role in the company. De la Cruz is president and chief executive officer, his wife Lydia is the executive vice president, Richard is vice president for marketing and Rommel works as vice president for operations.
Lorena is the vice president for finance, while Jennifer is vice president for personnel and Lelalee is the company auditor and pharmacist.
Besides DeBCC, De la Cruz’s magic touch was acknowledged for his Amazing Touch product, which offers natural, non-surgical removal of warts, moles and other skin growths using cashew nut extracts.
RCC Amazing Touch International Inc. was established in March 1997 as a one-stop shop for skin and hair care treatment.
"Proven to be safe and effective with no side effects, it is relatively painless, bloodless and scar-less, and requires no anesthesia," De la Cruz said of his products.
He also introduced Aminah Mama to journalists. Mama is a woman who had BCC on the left side of her nose and said DeBCC cured her skin cancer.
De la Cruz’ invention is supported by surgeons from the University of the Philippines and the Philippine General Hospital (PGH) led by Dr. Eric Talens, who conducted the first clinical trials on DeBCC and submitted his findings to the IENA.
BCC is the most common type of skin cancer in the world. In the Philippines, 60 percent of Filipinos have skin cancer, Talens said.
Talens said the country’s BCC morbidity rate is lower than the number of cases recorded in United States: "They are white-skinned and they don’t have (much) melanin, the dark brown or black pigment that is naturally present in varying degrees in the skin." Melanin is the skin’s natural protection against the sun’s harmful rays.
‘Perseverance, determination and resolve’
In the wake of his victory, De la Cruz encouraged each Filipino to pursue his or her dreams: "All it takes is perseverance, determination and resolve to achieve your dreams. Of course, you need the support of your family."
De la Cruz’ cashew extract invention has also reaped other accolades. It was acclaimed by the Likha award as the most outstanding invention for BCC; received the silver medal at the World Genius Inventions Exposition in Tokyo, Japan in November 2001; the INPEX XVII 2001 Gold Medal Award at America’s Largest Invention Show in Pittsburgh in May 2001; I-TEX 2000 Gold Medal Award in Kuala Lumpur, Malaysia in 2000; the 15th Golden Shell Award’s Rising Star Citation for Excellence in Exports from the Department of Trade and Industry (DTI) in 2000; and bagged the bronze medal in the 27th International Exhibition of Invention for New Techniques and Products in Switzerland 1999.
RCC was awarded the Tuklas Award for Most Outstanding Invention by the Department of Science and Technology (DOST) in 1998.
omeng
Dec 5, 2005, 09:42 PM
How to Start a Business
This half day seminar provides guidelines and procedures on setting up a business, particularly in developing business ideas and knowing the documentary requirements needed to secure legal personality of the business.
Training fee : Php 50.00
December 09, 2005
Venue: Philippine Trade Training Center, Roxas Blvd. Pasay City
Organizer: PTTC
Contact Person :
Contact Numbers :
Email: info@pttc.gov.ph
tennisace
Dec 6, 2005, 05:52 AM
Please pardon me for patting myself on the back. This is the current featured quote on the PEx homepage:
"A leader is someone who excels at what he does and leaves the rest to those who can do it better; someone who can accept his limitations and the limitations of those under his charge; someone who knows how to compartmentalize, delegate and orchestrate; someone who knows how to push the right buttons to bring out the best of those under his charge. You don't need to over-educate yourself in order to be a leader. If you want to be an effective leader, educate yourself about the people you deal with everyday especially those who look up to you. When you take the lives of your charge personally, they will go to hell and back for you because they know you'd do the same thing for them. That is a leader."
This is one of the better quotes I ever came up with. Thank you PEx moderators for sharing this with the entire community.
SiOMs
Dec 6, 2005, 11:58 AM
Caloocan barber is now prize-winning inventor
^astig! *okay*
omeng
Dec 6, 2005, 01:32 PM
Please pardon me for patting myself on the back. This is the current featured quote on the PEx homepage:
"A leader is someone who excels at what he does and leaves the rest to those who can do it better; someone who can accept his limitations and the limitations of those under his charge; someone who knows how to compartmentalize, delegate and orchestrate; someone who knows how to push the right buttons to bring out the best of those under his charge. You don't need to over-educate yourself in order to be a leader. If you want to be an effective leader, educate yourself about the people you deal with everyday especially those who look up to you. When you take the lives of your charge personally, they will go to hell and back for you because they know you'd do the same thing for them. That is a leader."
This is one of the better quotes I ever came up with. Thank you PEx moderators for sharing this with the entire community.
Lucky you. Ako, i just have to scratch my butt :lol:
tennisace
Dec 6, 2005, 10:26 PM
Lucky you. Ako, i just have to scratch my butt :lol:
Unless you're a leader..... Then you can have someone else scratch it for you :D
Amphitrite
Dec 6, 2005, 11:32 PM
Lumakas fighting spirit ko na ituloy business ko! Dami ko nakuha inspiration dito kaya ako naman share. :) Lahat naman ng business kelangan mo expand network mo kng *** ka millions for advertisement kaya useful satin ito.
I found something that may be useful to everyone, I hope you'll read it because it's about the truth of Network Marketing.
Network Marketing
by ROBERT KIYOSAKI author of the best seller – Rich Dad, Poor Dad
The Network Marketing business is a way for the average guy, without much money to keep their daytime job, and really build an asset that sets them free.
For the average person, a Network Marketing business gives him a chance; it gives him to take control of their life.
The best thing about a Network Marketing company is that if you can stay strong, 5 to 10 years, you will become a completely different person. And I think most important thing is not how much money you make in Network Marketing, but it gives you back your control of your life, your choices and your dignity. And I think today, that is priceless.
There are too many people out there who are weak and wimpy and they expect the government and their company to take care of them. I'd say it's wake up time, if what I say sounds rude and tough to you, well I think that is kind of the world I see right now. Get tougher and smarter, that's what I am recommending. I think that's what Network Marketing offers to that many people that opportunity (financially) for themselves.
So why doesn't everyone go out and start their own Network Marketing business?
I think the subject we are talking about is fear. I have a coward inside of me, I know that person very well. This is the battle we all face. And I think often times, cowards ask other cowards, and they get talk out of it, or they go, 'Why would you do that', and they get bullied into being a coward.
A normal franchise cannot save you if you still do not have the mental and emotional toughness to withstand the world of business, so Network Marketing is really about franchises of the individual, but first it has got to make the individual strong.
Network Marketing levels the playing field ,... if you perform, you get paid. And if you do not perform, you do not get paid. And if you do not like that, than the business is not for you.
That is what I love about Network Marketing. It is not about your college degree, it is not the family you came from, your race, your attractiveness, or whatever the stuff that people do to discriminate. It is really about performance, money talks, the rest walks. So if you can't stand that, then it is really not for you.
In Network Marketing, they want you to get better. In the corporate world, they do not want you to get better. You get better, you threaten their job. So it is a completely different environment in Network Marketing.
If I have to do it again, I might have gone into Network Marketing, it makes more sense because the systems are in-built for you...
ROBERT KIYOSAKI author of the best seller – Rich Dad, Poor Dad
cramnhoj
Dec 7, 2005, 12:19 AM
So is your business in network marketing?
Amphitrite
Dec 7, 2005, 12:23 AM
Sali ako EB :) Ok lang?
ako din gusto ko sumama? kelan ba yan? may bayad ba? :bashful:
sana wala conflict sa schedule ko *okay*
Amphitrite
Dec 7, 2005, 12:32 AM
So is your business in network marketing?
Yes.
I'm a Property Specialist and an Independent Distributor. I'd better not mention both companies as some might preceive I'm promoting them :rotflmao:. My husband and I also have a computer sales/repair business, it is slow moving though because my husband is the one who knows all about computers and because of his regular job he can only attend to customers every weekend.
Most of our customers from 3 businesses came from my relatives and friends, some are from referrals, we depend on network marketing (advertising through word of mouth) as we can only afford free ads :D
cramnhoj
Dec 7, 2005, 12:50 AM
Was reading Entrepreneur and noticed the article on Asiaking's dynachat. They basically simply allow real time translation in a chat session, aimed at business people needing to communicate with others of a different language. It was a business not requiring a product in the traditional sense.
Don't remember how, but I later came up with an idea. Remember the Seti@home program? It allowed the Seti project access to a lot of computing power through participants all over internetland. It's possible to take the concept and offer it to other companies needing a lot of computing power. These would typically be research companies needing supercomputers. A server would then divide the data to be computed in to small chunks that a single computer can handle in a short amount of time.
In exchange for their computing time, the connected users would be given a compensation amount. Their computers would be running anyway, so they can "sell" their cpu cycles instead of "throwing it away". As if they're simply reading an article on the net their cpus would still be running but not doing any processing. Could also be useful to internet cafe owners, they can have their computers connect to the server and do some computations while there weren't any users yet. In a way it's kinda like those pay-to-surf programs except you're being paid for computing power instead of looking at ads. The payments would come from the companies needing the computations. The business being the middleman would of course receive part of the payment from the client companies.
For the client companies this would be cheaper than getting their own supercomputers. If their need for a supercomputer is temporary, they'll have the problem of liquidating the supercomputer when it's no longer needed. By availing of this service instead they'll only pay for the computing power that they need. If they buy a supercomputer they'd have additional costs with electricity, maintenance costs, some repairs and such. With this service those costs would be eliminated.
The tricky part lies in the client company's computing need. It has to be computations that can be run parallel and not need sequential processing. Like other distributed computing projects, their would only be a speedup if the process is not dependent on the results of previous computations.
omeng
Dec 7, 2005, 02:09 PM
Lumakas fighting spirit ko na ituloy business ko! Dami ko nakuha inspiration dito kaya ako naman share. :) Lahat naman ng business kelangan mo expand network mo kng *** ka millions for advertisement kaya useful satin ito.
I found something that may be useful to everyone, I hope you'll read it because it's about the truth of Network Marketing.
Network Marketing
by ROBERT KIYOSAKI author of the best seller – Rich Dad, Poor Dad
The Network Marketing business is a way for the average guy, without much money to keep their daytime job, and really build an asset that sets them free.
For the average person, a Network Marketing business gives him a chance; it gives him to take control of their life.
The best thing about a Network Marketing company is that if you can stay strong, 5 to 10 years, you will become a completely different person. And I think most important thing is not how much money you make in Network Marketing, but it gives you back your control of your life, your choices and your dignity. And I think today, that is priceless.
There are too many people out there who are weak and wimpy and they expect the government and their company to take care of them. I'd say it's wake up time, if what I say sounds rude and tough to you, well I think that is kind of the world I see right now. Get tougher and smarter, that's what I am recommending. I think that's what Network Marketing offers to that many people that opportunity (financially) for themselves.
So why doesn't everyone go out and start their own Network Marketing business?
I think the subject we are talking about is fear. I have a coward inside of me, I know that person very well. This is the battle we all face. And I think often times, cowards ask other cowards, and they get talk out of it, or they go, 'Why would you do that', and they get bullied into being a coward.
A normal franchise cannot save you if you still do not have the mental and emotional toughness to withstand the world of business, so Network Marketing is really about franchises of the individual, but first it has got to make the individual strong.
Network Marketing levels the playing field ,... if you perform, you get paid. And if you do not perform, you do not get paid. And if you do not like that, than the business is not for you.
That is what I love about Network Marketing. It is not about your college degree, it is not the family you came from, your race, your attractiveness, or whatever the stuff that people do to discriminate. It is really about performance, money talks, the rest walks. So if you can't stand that, then it is really not for you.
In Network Marketing, they want you to get better. In the corporate world, they do not want you to get better. You get better, you threaten their job. So it is a completely different environment in Network Marketing.
If I have to do it again, I might have gone into Network Marketing, it makes more sense because the systems are in-built for you...
ROBERT KIYOSAKI author of the best seller – Rich Dad, Poor Dad
eh kung pahinain.. este.. palakasin pa kaya natin ang fighting spirit mo? :D
habang maaga po... http://www.pinoyexchange.com/forums/showthread.php?t=223812
;)
crab_sushi
Dec 7, 2005, 02:14 PM
Baka merong may Medical Transcription company dito na pwedeng tumulong :) I am interested in putting up a medical transcription business but I'm finding it hard to look for transcription foot pedals. There are a lot online pero sa U.S. yun. I'd like to know if there are suppliers here sa 'Pinas or if I really have to purchase abroad. Thanks.
omeng
Dec 7, 2005, 08:06 PM
ESP Christmas Party
Friday December 9, 2005
7:00 pm - 9:00 pm
This event does not repeat.
Event Location: Causeway Restaurant, Timog,Q.C. near Music 21
Phone: 7265466
Notes:
Paid members - Free
Paid members - spouse or guest P400.00/person
eGroup members - P500.00/person
RSVP
Please bring P200 worth of gift for exchange gift during the party.
Krakista
Dec 8, 2005, 08:12 AM
Mark Cuban: Success & Motivation (http://www.blogmaverick.com/entry/1234000123070608/)
omeng
Dec 8, 2005, 10:08 AM
Conquer Your Fear
by Donald J. Trump
History knows no resting places and no plateaus.
-- Henry Kissinger
History is relentless because it happens every second. In other words, no resting places and no plateaus. The same applies to business—you can’t rest on your laurels, you can’t become complacent, and you have to be persistent—even when the odds are against you. That’s where courage comes in.
Hemingway coined the phrase, “Courage is grace under pressure.” Some people, when they hear the word “courage” automatically think of heroic moments in war and in calamitous situations such as earthquakes or other disasters. That of course applies, but in our daily lives we also have the opportunity to be courageous. Going at it day after day without becoming discouraged is a form of courage as well. It may not be as dramatic, but the results can be.
People are surprised when they hear I very often work 12 hour days in my office. That is the norm for me, not the exception. I know that to succeed and to remain successful, I have to be persistent. If you are working 40 hours a week and then add on another 20 hours a week for awhile, you’ll be surprised at how much more you will achieve. Prolific people are prolific for a reason.
I remember reading about Michelangelo when I was a student. That guy was not only a genius, he was unbelievably tenacious. He went to extreme lengths to achieve the results he did. He also had courage because he lived in a tumultuous time in history during which he had to deal with the de Medicis, a variety of popes, warring families, and even Savonarola. He often worked in appalling conditions. He had quarrels with the pope. How he managed to get anything accomplished in the midst of all this was amazing. He had to have persistence and courage to match his talent. Most of us don’t know the names of the popes from the sixteenth century, but most of us have heard of Michelangelo. That’s staying power.
On The Apprentice, you will notice that the candidates are not only persistent in their pursuit of landing the big job, they also had the courage to go for it in the first place. Auditions can be daunting. There were over a million applicants. Those weren’t great odds and yet they persisted. That’s why I believe there are no losers on that show. Taking the first step means these people are winners to begin with. No one likes to be rejected, and they are risking rejection in front of millions of people. I give them a lot of credit for that, and I expect all of them to succeed, whether they are chosen as my apprentice or not.
Courage means never giving up. It’s much easier to give up. Don’t take that route. Being determined enough to continue despite discouragement is probably the number one virtue necessary for success. Some very ordinary people have accomplished amazing things by simply being persistent. Abraham Lincoln is a good example. His courage made him extraordinary.
Sometimes I’m hard on people because I know they can do more, and I know they haven’t lived up to their potential. I may have more faith in their abilities than they do, so I have to be the catalyst to get them going. I remember a young executive who was in my office one day when I realized I wouldn’t be able to make a speaking engagement. I told him he would have to step in for me. He told me, “Oh, I don’t do public speaking.” So I told him, “You do now.” And do you know what? He has become an accomplished public speaker. He just needed a shove to get going. I need people who can think—and speak—on their feet, and that’s one way to develop them.
Courage isn’t the absence of fear; it’s the conquering of fear. Just because someone appears to be confident doesn’t mean they have no fear. Many great performers suffer from stage fright. They have to fight to overcome it. Sometimes it never goes away, but that doesn’t mean they don’t perform. They work through it, they persist. They know part of their job is having the courage to display their talent. Talent alone isn’t enough. Talent takes work and talent requires courage.
History has shown us that those who persist very often succeed. Respect yourself enough to give yourself a chance! The odds will be on your side. I expect every one of you to succeed, and I will accept no excuses. So let’s get going. History isn’t waiting for any of us.
Rommel7
Dec 8, 2005, 01:42 PM
Hi!
Me and my friend are planning to have a business and our prospect is having a franchise of Milko Ice Cream. Can anyone out there tell us some pointers on having a franchise? And we would appreciate if you could also tell us if this business do earn.
I have read most of the comments and one way or another I am learning things about business. Especially the importance of planning.
Hope you could help me on this matter.
:)
Rommel7
Dec 8, 2005, 01:56 PM
Hi!
Me and my friend are planning to have a business and our prospect is having a franchise of Milko Ice Cream. Can anyone out there tell us some pointers on having a franchise? And we would appreciate if you could also tell us if this business do earn.
I have read most of the comments and one way or another I am learning things about business. Especially the importance of planning.
Hope you could help me on this matter.
:)
SiOMs
Dec 8, 2005, 02:54 PM
Impossible is just a big word thrown around by small men who find it easier to live in the world they’ve been given than to explore the power they have to change it.
Impossible is not a fact. It’s an opinion.
Impossible is not a declaration. It’s a dare.
Impossible is potential. Impossible is temporary.
Impossible is nothing.
-Adidas Ad
*okay*
OT: Fab Bags will be having a bazaar at the enterprise building, makati on dec 13-15, 9am-7pm. see you there! :)
cramnhoj
Dec 8, 2005, 04:11 PM
Hi!
Me and my friend are planning to have a business and our prospect is having a franchise of Milko Ice Cream. Can anyone out there tell us some pointers on having a franchise? And we would appreciate if you could also tell us if this business do earn.
I have read most of the comments and one way or another I am learning things about business. Especially the importance of planning.
Hope you could help me on this matter.
:)
I'm also looking into franchising though don't have an idea yet on what. I'm afraid I haven't even heard of Milko Ice Cream, where are their stores?
omeng
Dec 8, 2005, 04:48 PM
is this da one? http://www.geocities.com/milko_ice/index.htm
pauster007
Dec 8, 2005, 06:58 PM
How to Start a Business
This half day seminar provides guidelines and procedures on setting up a business, particularly in developing business ideas and knowing the documentary requirements needed to secure legal personality of the business.
Training fee : Php 50.00
December 09, 2005
Venue: Philippine Trade Training Center, Roxas Blvd. Pasay City
Organizer: PTTC
Contact Person :
Contact Numbers :
Email: info@pttc.gov.ph
@omeng
sir would you know what time siya magstart tom?
tennisace
Dec 9, 2005, 04:22 AM
Impossible is just a big word thrown around by small men who find it easier to live in the world they’ve been given than to explore the power they have to change it.
Impossible is not a fact. It’s an opinion.
Impossible is not a declaration. It’s a dare.
Impossible is potential. Impossible is temporary.
Impossible is nothing.
-Adidas Ad
*okay*
OT: Fab Bags will be having a bazaar at the enterprise building, makati on dec 13-15, 9am-7pm. see you there! :)
im·pos·si·ble
adjective
Definitions:
1. not possible: not able to exist or be done
an impossible task
2. too difficult: very difficult to deal with and apparently without a solution
The situation was impossible: I couldn't be honest without offending one of them.
3. not endurable: unbearably difficult or not possible to endure
The humidity was impossible.
4. not believable: ridiculous or unreasonable, because not able to be true
----- Encarta World English Dictionary
100+ containers! And they said it was impossible! :D Ooooops, sorry folks. Just venting. ;)
tennisace
Dec 9, 2005, 04:58 AM
Lumakas fighting spirit ko na ituloy business ko! Dami ko nakuha inspiration dito kaya ako naman share. :) Lahat naman ng business kelangan mo expand network mo kng *** ka millions for advertisement kaya useful satin ito.
I found something that may be useful to everyone, I hope you'll read it because it's about the truth of Network Marketing.
Network Marketing
by ROBERT KIYOSAKI author of the best seller – Rich Dad, Poor Dad
The Network Marketing business is a way for the average guy, without much money to keep their daytime job, and really build an asset that sets them free.
For the average person, a Network Marketing business gives him a chance; it gives him to take control of their life.
The best thing about a Network Marketing company is that if you can stay strong, 5 to 10 years, you will become a completely different person. And I think most important thing is not how much money you make in Network Marketing, but it gives you back your control of your life, your choices and your dignity. And I think today, that is priceless.
There are too many people out there who are weak and wimpy and they expect the government and their company to take care of them. I'd say it's wake up time, if what I say sounds rude and tough to you, well I think that is kind of the world I see right now. Get tougher and smarter, that's what I am recommending. I think that's what Network Marketing offers to that many people that opportunity (financially) for themselves.
So why doesn't everyone go out and start their own Network Marketing business?
I think the subject we are talking about is fear. I have a coward inside of me, I know that person very well. This is the battle we all face. And I think often times, cowards ask other cowards, and they get talk out of it, or they go, 'Why would you do that', and they get bullied into being a coward.
A normal franchise cannot save you if you still do not have the mental and emotional toughness to withstand the world of business, so Network Marketing is really about franchises of the individual, but first it has got to make the individual strong.
Network Marketing levels the playing field ,... if you perform, you get paid. And if you do not perform, you do not get paid. And if you do not like that, than the business is not for you.
That is what I love about Network Marketing. It is not about your college degree, it is not the family you came from, your race, your attractiveness, or whatever the stuff that people do to discriminate. It is really about performance, money talks, the rest walks. So if you can't stand that, then it is really not for you.
In Network Marketing, they want you to get better. In the corporate world, they do not want you to get better. You get better, you threaten their job. So it is a completely different environment in Network Marketing.
If I have to do it again, I might have gone into Network Marketing, it makes more sense because the systems are in-built for you...
ROBERT KIYOSAKI author of the best seller – Rich Dad, Poor Dad
Aaahhh. My favorite topic: Network Marketing.
I’m tempted to vent..... Again.....
I won’t, but I do have a couple of things to say:
>This article is an expression of the concept of network marketing. What works in theory does not necessarily work practically. Communism was supposed to be good – in theory, but we all know how that went in practice.
>As much as I like Kiyosaki, he cops out at the last moment. If it is as good as he say it is, there is no reason why he did not, cannot and would not, do it. It seems ironic that he would spout the virtues of network marketing when he hasn’t been involved in it to the point of actually experiencing it.
To Amphitrite, there is another network marketing truth behind Kiyosaki's "truth". That is the one you should be concerned about. But, I can see that gleam in your eyes, that spring in your step, manifestations of the intoxicating feel-good effects of MLM propaganda, and I'm really concerned that this is causing you to turn a blind eye to what you should be looking out for. I wish you the best.
Trevi
Dec 9, 2005, 05:37 AM
Aaahhh. My favorite topic: Network Marketing.
I’m tempted to vent..... Again..... I won’t, but I do have a couple of things to say:
>This article is an expression of the concept of network marketing. What works in theory does not necessarily work practically. Communism was supposed to be good – in theory, but we all know how that went in practice.
@tennisace..I has half expecting you would post something like this :naughty: Its alright to vent. :)
As for the new franchise(s) like Milko, I take the fifth. :D
Hi Omeng, Max and to all. :)
omeng
Dec 9, 2005, 11:25 AM
SM’s Sy bullish on RP economy
By Wilson Lee Flores
The Philippine Star 12/07/2005
http://www.philstar.com/philstar/News200512070404.htm
To young aspiring entrepreneurs in Asia, Sy has this to say: "As I move on in life and work on more dreams, I realized something — there is no limit to what we can do. God is good and generous with His gifts to us. He gives us many opportunities and equal time every day. It is up to us to make full use of them. I encourage you to have your own dream and work to make it a reality. You are young with the future before you. Remember the young boy who arrived in Manila many years ago, a stranger with nothing to his name and not knowing a word of Tagalog or English. If I can do it, the young people of today can do it, too."
Doomsayers hear this: one of the country’s most successful businessmen is bullish on the Philippines’ economic prospects for 2006.
"I’m optimistic about the year 2006 for the Philippine economy, especially our tourism growth potentials," SM Group of Companies founder Henry Sy told The STAR after receiving the first-ever "Father of Philippine Retail Industry" award from President Arroyo and the Philippine Retailers Association (***) last Dec. 5.
Forbes magazine has listed the 80-year-old Sy and Philippine Airlines (PAL) chairman Lucio Tan as among the world’s wealthiest men.
At the grand dinner tribute for the *** awardees held at the Crowne Plaza Hotel in Ortigas Center, Sy said he is looking forward to a better economy next year when he inaugurates his 500,000-square-meter Mall of Asia at the Manila Bay reclamation area as a major tourist destination in the country.
He pledged more investments from the SM Group and advised politicians to "work more, talk less." His daughter, Banco de Oro Universal Bank chairman Teresita "Tessie" Sy, added: "Our family is confident the new year will be better for the Philippine economy, notwithstanding the troubles in politics. We are very touched by this great honor for our father. I have worked for our dad for 35 years, and he is really hardworking, disciplined and a visionary. Let us have more positive thinking and just keep working hard."
The *** has also chosen Sy’s SM City Baguio as the Shopping Center of the Year. The two finalists were the Ayala Center-Greenbelt and Ayala Center-Glorietta. The *** dinner tribute in honor of the SM Group was attended by numerous tycoons, business leaders and other dignitaries, including the entire Sy family and even competitors in the mall and retail sectors.
Socorro Ramos, founder of the National Bookstore chain which was elevated to the Hall of Fame as Outstanding Filipino Retailer, said: "The SM malls of Henry Sy are located all over the Philippines and service all kinds of people very well. I wish the good Lord will bless Henry Sy with many more years so he can continue to do his mission of helping others."
Ben Chan, founder of Bench, which won as Global Retailer of the Year, said: "The Philippine retail industry would not be the same without Henry Sy."
Meanwhile, Tony Tan Caktiong, founder of the Jollibee fastfood chain, said: "Henry Sy is an inspiration. He always emphasized hard work."
A highlight of the *** dinner tribute was a large-screen video presentation on the rags-to-riches saga of the legendary Sy.
Like many of Southeast Asia’s business pioneers, Sy was an immigrant from south China who exemplified traditional Confucian values of hard work, perseverance, discipline and frugality.
Sy was 12 years old when he migrated here from Ang-khue Village, Dieng-oh, municipality of Jinjiang county (now a city) of Fujian province. His Chinese name — "Sy Chi Sieng" — means "to attain ultimate success."
His father’s humble sari-sari store on Echague (now Carlos Palanca street) in Quiapo, Manila was looted during World War II, so his father returned to China. But the young Sy never gave up. Though he started studying English and entered grade one at the age of 12 at the Quiapo Anglo-Chinese School, he worked hard to catch up.
He was already in the buy and sell trade when he enrolled in a commerce course at the Far Eastern University (FEU), but he had to stop schooling after two years due to the pressures of running his businesses.
Up to this day, he still maintains his rented offices in a Makati building. He used to live for decades in a condominium unit, but he revealed that his kids have recently built him an elegant but very simple bungalow in North Forbes Park in Makati so he no longer has to ride elevators. Of his career, Sy said: "My first business was shoes, and the first store was in Carriedo street. The store became very popular. One store grew to three stores. It did not take me long to reach the top in shoes. But shoes were mainly a cottage industry, and supply was limited. So I decided to expand to a big, full-line department store to service shoppers better. In 1975, Shoemart opened its first integrated department store in Makati. In 1983, we were building SM City-North EDSA, our first shopping mall. Many people said at that time that I was crazy. There was a political crisis, interest rates were as high as 45 percent and the location of the mall was in the middle of nowhere. But the mall was an instant success. SM malls are now favorite destinations for shopping, entertainment, and many services. They have changed Philippine lifestyle."
Sy persevered even more after the 1989 bloody military coup attempt led by Col. Gregorio "Gringo" Honasan and the economy was again in shambles. He built two sprawling malls — SM Centerpoint in Sta. Mesa and SM Megamall in Mandaluyong. Despite the "Hello, Garci" political crisis and ongoing economic jitters, Sy is now rushing to complete one of his grandest projects — the Mall of Asia — at the Manila Bay reclamation area. SM beyond RP’s borders
Sy originally envisioned the Mall of Asia as the world’s biggest shopping mall but the 1997 Asian financial crisis derailed his schedule. He told The STAR that he is hoping the Mall of Asia will become "the shopping and tourist destination in the Philippines, and a catalyst of economic growth."
Regal Entertainment founder Lily Monteverde told The STAR that Sy now owns the biggest movie cinema chain nationwide because of the popularity of his malls. SM has 23 supermalls across the Philippines. Unafraid of globalization which has made tariff barriers obsolete, Sy is hoping to make the SM Group competitive with the world’s largest retailers like Wal-Mart, Carrefour and Metro, which all have massive investments in China.
In 2002, SM opened a mall in Xiamen City in Fujian province. He also personally inaugurated last week another SM mall in Jinjiang City in the same province, where the local government has recently transferred its City Hall to a strategic location near his mall site. SM also has a new major mall project in Chengdu City in Sichuan, the home province of the late reformist leader Deng Xiaoping, which has a population of over 100 million.
Once a young entrepreneur who was only a borrower at the 85-year-old China Banking Corp. and the Equitable Bank, Sy has since purchased controlling shareholdings in both universal banks.
He has not confirmed industry speculations though that his Banco de Oro Universal Bank will eventually absorb Equitable PCIBank to create the first "superbank" in the Philippines which could rival other merged giant banks in Singapore, Taiwan, Hong Kong and other neighbors.
Since its public listing in May 2002, Banco de Oro has grown very fast. Apart from its growing strength, the bank has acquired small banks like local branches of Singapore’s United Overseas Bank Ltd. and Spain’s Banco Santander Central Hispano SA. Education for all
A great believer in education, Sy has established the SM Foundation which gives scholarship grants to poor but talented students.
In partnership with the "Operation Barrio Schools" project of the Federation of Filipino-Chinese Chambers of Commerce and Industry Inc., Sy had also donated several public schoolhouses in poor rural regions.
Sy is the prime mover behind the Asia Pacific College and has invested in upgrading his alma mater, the FEU. Never forgetting his ancestral roots, Sy has also donated schools to he and his wife’s ancestral villages in Fujian province.
The SM Group likewise gave financial support to the training of Filipino athletes who competed in the recent Southeast Asian Games. The taipan is a faithful husband to his wife, Felicidad, whom he calls his "best friend." When asked why he is not polygamous like some businessmen, Sy laughed and told The STAR: "It’s my nature to be faithful."
The six children helping him manage the SM Group are Tessie, who is in charge of Banco de Oro, Equitable PCIBank, the department stores and the retail stores; Hans, who is in charge of the shopping centers and president of SM Prime Holdings and vice chairman of China Bank; Henry Jr., who takes care of real estate ventures; Elizabeth, who handles tourism ventures like Taal Vista Hotel in Tagaytay City; Herbert, who manages the supermarkets; and Harley, the president of the holding company SM Investments Corp.
To young aspiring entrepreneurs in Asia, Sy has this to say: "As I move on in life and work on more dreams, I realized something — there is no limit to what we can do. God is good and generous with His gifts to us. He gives us many opportunities and equal time every day. It is up to us to make full use of them. I encourage you to have your own dream and work to make it a reality. You are young with the future before you. Remember the young boy who arrived in Manila many years ago, a stranger with nothing to his name and not knowing a word of Tagalog or English. If I can do it, the young people of today can do it, too."
omeng
Dec 9, 2005, 01:08 PM
@omeng
sir would you know what time siya magstart tom?
:( di ko alam. usually before lunch yata.
SILENTMAX
Dec 9, 2005, 02:05 PM
@omeng
tnx for posting the henry sy writeup. its very inspiring
amazing parin talaga na nakaya nya lahat gawin yung success's nya despite politcal instability. it makes our political turmoil now seam insignificant.
tennisace
Dec 9, 2005, 02:35 PM
It just goes to show that the worst of times breeds the best of opportunities, but only if you have the eye to recognize it and the vision to exploit it.
"If I can do it, you can do it too"
I've heard this phrase mentioned ad nauseam, especially in ...ahem... MLM. I don't believe it as much as I used to anymore. I kinda modified it to:
"If I can do it, well, that's what makes me unique. If we were both presented with the same circusmtance, one of us will take it to the max and the other will flush it down the toilet."
SILENTMAX
Dec 9, 2005, 04:42 PM
thinking back ive had my fair share of flushes down the toilent in which if i had just though over it more. it would have presented a better oppurtunity.(instead of what i did which was brushed it off to the side)
but hey at least i learned
albeit a very expensive lesson..
tennisace
Dec 10, 2005, 05:54 AM
I, too, have my fair share of flushes, and it's bothersome to think that the toilet continues to beg for further flushes.
SILENTMAX
Dec 10, 2005, 05:21 PM
ei.
congrats pala boss on being pex featured quote of the month ;)
knightrader
Dec 10, 2005, 06:19 PM
I have been a voracious reader of financial and motivational books and still is. Only now it is more like trading books and the bible. Very powerful combination! Anyway, when I came to America, I was eager to try all this things that I read that pertains to American markets.
I bought a house right away (I didn't have a job yet, he-he) WITHOUT money down. That was way before the easy qualifying that they have now. I also lost years of savings in the stock market in the next 3 months!!!
Needless to say, I was "flushed" deeper than I can ever imagine.
Consequently, I gave back the house to the original owner (It was a wrap-around mortgage; a mortgage around another mortgage). Which was really not bad as I lived in it for about a year. I then, finally looked for a job. Ha-ha It is only funny now in retrospect. I spent the next 6 months working and saving and educating myself on what I did wrong. Six months later, I bought another house but now it is sustainable as I put reasonable down and has regular income. But for a long time, self-employment is inside of me. It takes a lot of discipline, frugality and time to achieve independence. And these traits baptized by fire and personal pain will stay with you and guide you 'til you meet your Maker. After all these, the truth of our mortality and all the efforts to better our earthly condition is nothing but grasping for wind. Real success is not material.
IF YOU WANT A STRONG BACK, INCREASE YOUR LOAD THE SAME WAY IRON IS STRENGTHENED BY CONSTANT HAMMERING. THE SAME WAY GOLD IS PURIFIED BY FIRE.
cinnett
Dec 11, 2005, 02:45 AM
new hot items to be posted soon! watch out for it!
reserve asap, we run out of stocks real fast! especially the gauchos, tank tops and the spag strap ( no
kidding! ) :p we have lower prices and better fabrics :) email me if interested, i'll give you my website to see the items! (joettetrinidadd@yahoo.com) ;)
GOwin
Dec 12, 2005, 08:41 AM
got some questions.
1. what are DTI's requirements for changing a business name? Is that possible, or do I have to cancel the previous registration?
2. if you are opening an outlet in another city, do i have to register it again with DTI? (my head office in mandaluyong, the outlet would be in manila.)
3. if you're bmbe-registered in one city, could branches operating outside that city take advantage of your bmbe benefits?
SILENTMAX
Dec 12, 2005, 11:43 AM
1. im not sure about requirements dti is preaty lax about it. i would suggest just bringing your original dti certificate there and ask if you could change your name. most likely scenario would be dti would let your name expire as you register for a new dti name regestered to you stating nature of business and location.
2.yes every location needs a new dti permit regardless if its the same name or not(branches).
3. no you connnot use your bmbe registered in one city to use in another. (i would think thats abuse hehehhehe. madaya ka na nyan hehhehehe)
god speed on your venture :)
GOwin
Dec 12, 2005, 01:16 PM
Thanks silentmax.
Actually, here's something that piqued my interest from the Implementing Rules and Regulations of the BMBE law:
Sec. 3. Place of Registration. - The Office of the Treasurer of each city or municipality shall register BMBEs and issue a Certificate of Authority (CA) to enable the BMBE to avail of incentives under the Act; Provided, That only one Certificate of Authority shall be issued for each BMBE and only by the Office of the Treasurer of the city or municipality that has jurisdiction over the principal place of business of the BMBE.
How is "principal place of business" defined? If your main office is bmbe registered in one city, and you operate branches in different cities, wouldn't your head office qualify as "principal place of business"?
And the BMBE application form requires you to list down your branches.
as for the dti name change, i'm opting for a new registration.
GOwin
Dec 12, 2005, 01:34 PM
I think I found the answer: guide to the BMBEs Act of 2002 as of April 2004 (http://sites.k2ia.com/dti/filedirectory/guide%20to%20the%20BMBEs%20Act%20of%202002%20as%20of%20April%202004.doc) from the Department of Finance.
On page 16, it states:
A business enterprise shall be considered “barangay-based” if (i) the majority of its employees are residents of the municipality where its principal place of business is located; or (ii) its principal activity consists in the application/use of a particular skill peculiar to the locality or of raw materials predominantly sourced from the area; or (iii) its business operations are confined within the territorial jurisdiction of the municipality or LGU in which its principal place of business is located: Provided, however, That the enterprise may establish warehouses, buying stations, sales outlets, and booking or administrative offices anywhere in the Philippines, subject to pertinent rules and registration requirements of the concerned LGUs and other government agencies where such warehouses, outlets, stations or offices are established.
Emphasis mine.
SILENTMAX
Dec 12, 2005, 01:49 PM
hmmm
its your call.
im not that knowledgable in bmbe as i myself am not registered. but it is in the best of my knowledge that you will have to also register your establishment as bmbe in the new-branch/new-city but using your original principal place registration as a guide. (but again this may be wrong)
tanung lang boss. what perks have you enjoyed as a bmbe?
GOwin
Dec 12, 2005, 02:28 PM
text from the BMBE law:
INCENTIVES AND BENEFITS
Section 7. Exemption from Taxes and Fees – All BMBEs shall be exempt from tax for income arising from the operations of the enterprise.
The LGUs are encouraged either to reduce the amount of local taxes, fees and charges imposed or to exempt BMBEs from local taxes, fees and charges.
Section 8. Exemption from the Coverage of the Minimum Wage Law – The BMBEs shall be exempt from the coverage of the Minimum Wage Law: Provided, That all employees covered under this Act shall be entitled to the same benefits given to any regular employee such as social security and healthcare benefits.
Section 9. Credit Delivery – upon the approval of this Act, the land Bank of the Philippines (LBP), the Development Bank of the Philippines (DBP), the Small Business Guarantee and Finance Corporation (SBGFC), and the People's Credit and Finance Corporation (PCFC) shall set up a special credit window that will service the financing needs of BMBEs registered under this Act consistent with the Banko Sentral ng Pilipinas (BSP) policies; rules and regulations. The Government Service Insurance System (GSIS) and Social Security System (SSS) shall likewise set up a special credit window that will serve the financing needs of their respective members who wish to establish a BMBE. The concerned financial institutions (FIs) encouraged to wholesale the funds to accredited private financial institutions including community-based organizations such as credit, cooperatives, non-government organizations (NGOs) and people's organizations, which will in turn, directly provide credit support to BMBEs.
All loans from whatever sources granted to BMBEs under this Act shall be considered as part of alternative compliance to Presidential Decree no, 717,, otherwise known as the Agri-Agra Law, or to Republic Act. No. 6977, known as the Magna Carta for Small and Medium Enterprises, as amended. For purposes of compliance with presidential Decree no. 717 and Republic Act No. 6977, as amended, loans granted to BMBEs under this Act shall be computed at twice the amount of the face value of the loans.
To minimize the risks in lending to the BMBEs, the SBGFC and the Quedan and Rural Credit Guarantee Corporation (QUEDANCOR) under the Department of Agriculture, in case of agribusiness activities, shall set up a special guarantee window to provide the necessary credit guarantee to BMBEs unde rtheir respective guarantee programs.
The LBP, DBP. PCFC, SBGFC, SSS, GSIS, and QUEDANCOR shall annually report to the appropriate Committee of Both Houses of Congress on the status of the implementation of this provision.
The BSP shall formulate the rules for the implementation of this provision and shall likewise establish incentive programs to encourage and improve credit delivery to the BMBEs.
Actually, I haven't used any of these "benefits" yet. :D
Amphitrite
Dec 13, 2005, 12:06 AM
To tennisace: Yes I know the "truth" about it, my mom is a veteran in Network Marketing, when the company is going down the drain, she get's out before she gets sucked down with it. I am very much aware that the company is really the one getting richer everyday and my uplines will also benefit from all my efforts. I don't care if they get rich because of their downlines (like me), I just want to earn extra cash for savings, and for now it is the only way I found acceptable to my budget. We don't have 100k up for a franchise and I don't like going to banks every month to pay for taxes, again :depressed:
I do not depend on the Networking business alone, I also work as a Property Specialist, my husband have a regular job, and we are not blinded by the hoopla of what they said about getting rich by doing the business part-time. :hmm: That would be very ridiculous, don't you think?
The more I think about it, the more I see that even if I stick to a regular job, I'm making the owner of the company richer just by working for him. If I acquire a franchise, the company offering the franchise will also get rich because of my sales and the bir will benefit much from it due to all the taxes that I have to pay.
You're venting probably because you got blinded before and it is good that you are warning those who are over excited about Network Marketing, they should really see what they are getting themselves into. *okay*
I think the best way to get rich and not think about others who will get rich too, is to marry a rich person, get all the their cash / properties and open up your own bank account :D :rotflmao:
tennisace
Dec 13, 2005, 12:29 AM
To tennisace: Yes I know the "truth" about it, my mom is a veteran in Network Marketing, when the company is going down the drain, she get's out before she gets sucked down with it. I am very much aware that the company is really the one getting richer everyday and my uplines will also benefit from all my efforts. I don't care if they get rich because of their downlines (like me), I just want to earn extra cash for savings, and for now it is the only way I found acceptable to my budget. We don't have 100k up for a franchise and I don't like going to banks every month to pay for taxes, again :depressed:
I do not depend on the Networking business alone, I also work as a Property Specialist, my husband have a regular job, and we are not blinded by the hoopla of what they said about getting rich by doing the business part-time. :hmm: That would be very ridiculous, don't you think?
The more I think about it, the more I see that even if I stick to a regular job, I'm making the owner of the company richer just by working for him. If I acquire a franchise, the company offering the franchise will also get rich because of my sales and the bir will benefit much from it due to all the taxes that I have to pay.
You're venting probably because you got blinded before and it is good that you are warning those who are over excited about Network Marketing, they should really see what they are getting themselves into. *okay*
I think the best way to get rich and not think about others who will get rich too, is to marry a rich person, get all the their cash / properties and open up your own bank account :D :rotflmao:
I'm not about to argue your rationale for getting involved in MLM. It's your prerogative and I'm sure you'll do what you think is best for you.
I was not blinded; on the contrary, I opened my eyes to the truth. I suppose you haven't had the opportunity to read my posts that are scattered in the various MLM threads in this forum. Let me just say that when it comes to the subject of MLM, I know what I'm talking about.
When a company is headed toward the crapper and a person gets out before the crap hits the fan, does that person ever think about the other people that he/she dragged into it? It doesn't seem right to me that someone would pull out all the stops to recruit somebody with all the promises of what the MLM operation could bring and then later on leave them holding the bag of crap because the MLM tanked. I would think that this practice would have some negative effect on one's credibility and integrity, don't you agree?
Trevi
Dec 13, 2005, 08:17 AM
I think the best way to get rich and not think about others who will get rich too, is to marry a rich person, get all the their cash / properties and open up your own bank account :D :rotflmao:
To digress a bit....and not be OT...This isnt exactly a new business model :D ...but I know one too many who have ventured into this and have improved their staus 10/15X over. Nevertheless, it does require SOME entrepreneurial skill to marry one :D, Lalo na Marketing skills - 4P's oh..6P's pala..add P(eople) for the right connections and P(rayers) :) :) Just to lighten the forum.
Hello to all entreps. Hi to Omeng / Max / Tennis. Its been a very hectic week. :(
tennisace
Dec 13, 2005, 10:05 AM
Hello to all entreps. Hi to Omeng / Max / Tennis. Its been a very hectic week. :(
M.Trevi,
Mine has been pretty hectic as well. Hope yours was just as productive as mine. ;) All the best.
omeng
Dec 13, 2005, 10:18 AM
mabuhay sa lahat!!!
6 days straight of total 24 hours sleep only, then bumawi ako nung sunday, wala akong ginawa nung kundi matulog maghapon.. he he
wolfram974
Dec 13, 2005, 12:42 PM
just like to say hi to all
mod: pls delete this, thanks
Amphitrite
Dec 13, 2005, 07:53 PM
When a company is headed toward the crapper and a person gets out before the crap hits the fan, does that person ever think about the other people that he/she dragged into it? It doesn't seem right to me that someone would pull out all the stops to recruit somebody with all the promises of what the MLM operation could bring and then later on leave them holding the bag of crap because the MLM tanked. I would think that this practice would have some negative effect on one's credibility and integrity, don't you agree?
Yes I have read your posts and your experiences in MLM. My mom got into MLM because she liked the products, and wants to avail of the discounts on the products. The people she referred are sigining up just to be discounted customers too and she earns through their small purchases. She tells them that MLM is not the way to be a millionaire but it can help earn extra or help them save because of the discounts. Before she leaves she informs her 1 or 2 referrals, so it is not really "leave them holding the bag of crap" thinking. I agree that credibility and integrity is not worth losing over money.
So what happened to your recruits when you're still in MLM? You've been to over 28 MLMs right? Your recruits must be over 10 people especially when you're still concentrating with Amway. Have you told them the truth? I'm sure you did and I do hope they listened.
Also you might think that I am concentrating on being an Independent Distributor, the business that I am referring in my 1st post with the article from Robert Kiyosaki is our Computer repair / Service business (see my 2nd post). We don't have thousands / millions for advertisement or to put up a store in a mall, so we rely on our Network aka relatives, friends and neighbors to spread the word on our business.
It seems like you're anti-MLM :hmm: very well, this discussion will not end as long someone stops.
My point is that I'm into MLM only to avail of the discount for personal consumption and earn extra from the purchases of my relatives. I'm not like those people who promises their recruits of getting rich just by joining.
:bop: *okay*
OT: Who needs to buy a condo or assitance in their computers? :)
Amphitrite
Dec 13, 2005, 08:15 PM
How did you guys came up with the money/capital needed for your businesses?
Ellheym
Dec 14, 2005, 02:34 PM
hi guys!
i'm just new in the business.. kaya medyo marami pa akong dapat malaman. meron po akong tanong about shipping. kasi iyong supplier ko ready na niya ship ang items it is from india, kasi worried siya kung meron pa bang dapat ayusin na papers dito sa pilipinas bago niya mapadala ang items. kasi siya meron na daw siyang mga requirements para mapadala sa akin ang items. so sa part niya wala na talagang problema. pagdumating na ba sa akin ang product wala na ba akong maging problema? like sa customs? or hahanapan nila ako ng mga documents?
omeng
Dec 14, 2005, 03:12 PM
^ via what? air or ocean? if it is door to door, no problem at all.
omeng
Dec 14, 2005, 03:34 PM
How did you guys came up with the money/capital needed for your businesses?
nakabenta ako ng isang island.. :lol:
GOwin
Dec 14, 2005, 04:51 PM
How did you guys came up with the money/capital needed for your businesses?
Savings from salaries and other rakets. :)
Ellheym
Dec 16, 2005, 01:08 AM
^ via what? air or ocean? if it is door to door, no problem at all.
ahh okey.. thanksss. :)
omeng
Dec 16, 2005, 01:28 AM
so, door to door nga.. pero pag collect.. bayad ka din..pero included na lahat, import tax etc..
Ellheym
Dec 16, 2005, 11:43 AM
so, door to door nga.. pero pag collect.. bayad ka din..pero included na lahat, import tax etc..
ibig mo bang sabihin kapag door to door wala na akong problem pero upon delivery non sa akin magbabayad pa ako?
omeng
Dec 16, 2005, 11:56 AM
is it collect or prepaid? pm mo na lang.. baka pagalitan tayu dito. :D
jazzy
Dec 16, 2005, 02:37 PM
Tanong lang po.
1. Is it more impressive in client's perspective if company is an "Incorporated"? Say, a company's name is XYZ Consulting Inc.
2. Corporation and Incorporation is just the same?
tennisace
Dec 17, 2005, 04:26 AM
Question 1. Definitely.
Question 2. Corporation - An organized body, especially a business, that has been granted a state charter recognizing it as a separate legal entity having its own rights, privileges, and liabilities distinct from those of the individuals within the entity. A corporation can acquire assets, enter into contracts, sue or be sued, and pay taxes in its own name. Corporations issue shares of stock to individuals supplying ownership capital and issue bonds to individuals lending money to the business. The corporation is a desirable organization for a business entity for a variety of reasons including the increased capability such an entity has to raise capital. Most large firms, especially those engaged in manufacturing, are organized as corporations. All stocks sold in the primary market and traded in the secondary market are shares of corporate ownership.
Incorporation - The process by which a business receives a state charter, allowing it to become a corporation.
BaryaLang
Dec 17, 2005, 05:15 AM
Tanong lang po.
1. Is it more impressive in client's perspective if company is an "Incorporated"? Say, a company's name is XYZ Consulting Inc.
2. Corporation and Incorporation is just the same?
Inc., Corp., Corporation, and Incorporation are terms used to alert the public to the fact that they are not dealing with a real person but a separate "legal group". If the corporation can show by it's public records that it has vast assets (people and capitol) then it will give the client a better feeling that they can sue for bad conduct and actually find assets to get when they win.
The Corp. legal class also is most often used to "protect" a rich person from losing their personal assets. So if you have personal assets but do business through a Corp. a client will less respect you. Of course a rich person that is smart would never do business in any other way than have a Corp. to protect themselves personally. Uneducated clients make a huge jump in logic to believe that if there is a "Corp." involved then there is a "rich person" somewhere behind it. That is generally wrong but the client can be fooled long enough to get them to do business with you in many cases.
If you are skilled at something, willing to "stick it out", willing to risk you whole assets on the business then educated clients will respect you better if you are not Incorporated. If they are hiring "you" rather than "your money" they will be comforted in knowing that "You" personally are a part of the "deal". In the USA most major businesses are Incorporated in order to protect assets or be able to sell part of their business (shares) to others and thus raise capitol. I personally see the (Inc.) behind a name as a "Red Flag" unless the company is already huge and well know with public assets available.
If you are a consulting business and are incorporated you had better have huge assets with dozens of identified employees on public record. Otherwise educated clients will see your Inc. status as only a way for you to walk-away from any bad deal you make and not be personally effected. They will know that you can "cheat" them, fold the Corporation, and restart legally the very next day. In fact people doing this cheating usually have several Corporations already created and hidden that they can start using once they see any "deal" going bad. This lets them become a different person and in effect not be responsible to anyone for their "bad" actions.
Uneducated people don't know the difference about Corporations. If you plan to legally lie, cheat, and steal many uneducated persons you can use a Corporation to do it without getting hurt. It's just a matter of what you plan to do.
If you plan to sell stock and gain hugh assets you would not need to ask the question because your lawyer would have already explained it to you as you paid your millions in legal fees to him/her. Selling stock in your Corporation is taken serious by every country in the world and you need to have a lawyer involved deeply.
Barry
Barry Doolittle, Instructor
The Official Web Site for the Happy Pinoy
Barya Lang Internet Family
http://www.happypinoy.com
barry@happypinoy.com
barry@baryalang.com
http://www.baryalang.com
http://www.900ph.com
http://www.19d.us
http://www.1job.us
Trevi
Dec 17, 2005, 06:17 AM
Inc., Corp., Corporation, and Incorporation are terms used to alert the public to the fact that they are not dealing with a real person but a separate "legal group". If the corporation can show by it's public records that it has vast assets (people and capitol) then it will give the client a better feeling that they can sue for bad conduct and actually find assets to get when they win.
The Corp. legal class also is most often used to "protect" a rich person from losing their personal assets. So if you have personal assets but do business through a Corp. a client will less respect you. Of course a rich person that is smart would never do business in any other way than have a Corp. to protect themselves personally. Uneducated clients make a huge jump in logic to believe that if there is a "Corp." involved then there is a "rich person" somewhere behind it. That is generally wrong but the client can be fooled long enough to get them to do business with you in many cases.
If you are skilled at something, willing to "stick it out", willing to risk you whole assets on the business then educated clients will respect you better if you are not Incorporated. If they are hiring "you" rather than "your money" they will be comforted in knowing that "You" personally are a part of the "deal". In the USA most major businesses are Incorporated in order to protect assets or be able to sell part of their business (shares) to others and thus raise capitol. I personally see the (Inc.) behind a name as a "Red Flag" unless the company is already huge and well know with public assets available.
If you are a consulting business and are incorporated you had better have huge assets with dozens of identified employees on public record. Otherwise educated clients will see your Inc. status as only a way for you to walk-away from any bad deal you make and not be personally effected. They will know that you can "cheat" them, fold the Corporation, and restart legally the very next day. In fact people doing this cheating usually have several Corporations already created and hidden that they can start using once they see any "deal" going bad. This lets them become a different person and in effect not be responsible to anyone for their "bad" actions.
Uneducated people don't know the difference about Corporations. If you plan to legally lie, cheat, and steal many uneducated persons you can use a Corporation to do it without getting hurt. It's just a matter of what you plan to do.
If you plan to sell stock and gain hugh assets you would not need to ask the question because your lawyer would have already explained it to you as you paid your millions in legal fees to him/her. Selling stock in your Corporation is taken serious by every country in the world and you need to have a lawyer involved deeply.
Barry
Barry Doolittle, Instructor
The Official Web Site for the Happy Pinoy
Barya Lang Internet Family
http://www.happypinoy.com
barry@happypinoy.com
barry@baryalang.com
http://www.baryalang.com
http://www.900ph.com
http://www.19d.us
http://www.1job.us
@Baryalang, I agree to some of your points IN PRINCIPLE regarding CO. & INCs. Personally, It doesnt matter to me what the nature of the Organization i am dealing with as long as the entity has credibility in the industry and if they can satisfy whatever i need in terms of product / service.
Relative to your post, PLEASE avoid using the term UNEDUCATED. I think the more appropriate word would be UNAWARE of OR IGNORANT of .....as I am, and probably quite a number of us reading this forum.....personally I find the term quite offensive. :depressed: ........The Holidays blues / pressure is making me crabby (this would have not piqued me a bit on normal times).
Our employees and household helps are very happy with their 13th month pay...while our pockets have been turned inside out. These are the days I wish I was back in employment. :(
Good morning to ALL entreps.
BaryaLang
Dec 17, 2005, 06:35 AM
...
Relative to your post, PLEASE avoid using the term UNEDUCATED. I think the more appropriate word would be UNAWARE of OR IGNORANT of .....as I am, and probably quite a number of us reading this forum.....personally I find the term quite offensive. :depressed:
Sorry, as an educator I felt/feel that the word "uneducated" is less offensive than "UNAWARE of OR IGNORANT of". I stand corrected. I believe that "Education is the key" to many things including the situation of being "UNAWARE" or "IGNORANT of". I do believe we have many unaware and/or ignorant of (ouch that hurts me to use the word) people in the Philippines when it comes to higher businesses.
Thanks for the cultural awareness you to provided to my ignorance.,
Barry
tennisace
Dec 18, 2005, 04:06 PM
Inc., Corp., Corporation, and Incorporation are terms used to alert the public to the fact that they are not dealing with a real person but a separate "legal group". If the corporation can show by it's public records that it has vast assets (people and capitol) then it will give the client a better feeling that they can sue for bad conduct and actually find assets to get when they win.
I suggest you re-read the definitions of “Corporation” and “Incorporation” I posted above. Incorporation symbolizes credibility, stature and permanence. These are some of the qualities people look for when they seek to conduct business.
When I enter into a business discussion, finding a reason or a way to sue the other party is the furthest thing from my mind. The only “better feeling” I get is when a business accord that results in a win-win situation is met.
The Corp. legal class also is most often used to "protect" a rich person from losing their personal assets. So if you have personal assets but do business through a Corp. a client will less respect you. Of course a rich person that is smart would never do business in any other way than have a Corp. to protect themselves personally. Uneducated clients make a huge jump in logic to believe that if there is a "Corp." involved then there is a "rich person" somewhere behind it. That is generally wrong but the client can be fooled long enough to get them to do business with you in many cases.
You must be talking about the corporate shield. Incorporating legally identifies and separates one’s personal and business assets. The corporate shield, however, is no guarantee of personal asset protection. Corporate improprieties that violate the law renders the shield worthless. Real personal asset protection is done through a combination of financial strategies such as the family limited partnership, charitable remainder trusts and/or charitable foundations among other things.
One’s personal assets do not determine the qualifications of incorporation and has no bearing on one’s ability to operate an honest and profitable business under incorporation. There is no need to advertise one’s personal assets when doing business. It is pointless and just plain asinine. I don’t get respect for having personal assets and insisting on doing business as a sole proprietor instead of a corporation. I get respect for what I bring to the table.
If you are skilled at something, willing to "stick it out", willing to risk you whole assets on the business then educated clients will respect you better if you are not Incorporated. If they are hiring "you" rather than "your money" they will be comforted in knowing that "You" personally are a part of the "deal". In the USA most major businesses are Incorporated in order to protect assets or be able to sell part of their business (shares) to others and thus raise capitol. I personally see the (Inc.) behind a name as a "Red Flag" unless the company is already huge and well know with public assets available.
If I am skilled at something and I am willing to make a profitable business out of it, why wouldn’t I incorporate? Incorporating reduces personal liabilities, allows the legal separation of personal and business assets, enables the raising of capital if needed, maximizes tax advantages, ensures survivability through the owners’ illness or even death, and allows the transfer of ownership (to the owners’ heirs, for instance). The willingness to risk one’s entire assets on a business venture without considering the benefits of incorporation is tantamount to financial suicide. Is that really the basis of a client’s respect? Why in the world would you see a red flag behind an “Inc.”? All companies start out small before becoming huge and well-known, and expanding the business into what you categorize as “huge and well-known” can only take place under incorporation. Can you name one huge and well-known company that is not incorporated?
If you are a consulting business and are incorporated you had better have huge assets with dozens of identified employees on public record. Otherwise educated clients will see your Inc. status as only a way for you to walk-away from any bad deal you make and not be personally effected. They will know that you can "cheat" them, fold the Corporation, and restart legally the very next day. In fact people doing this cheating usually have several Corporations already created and hidden that they can start using once they see any "deal" going bad. This lets them become a different person and in effect not be responsible to anyone for their "bad" actions.
There are people with bad intentions everywhere, regardless of circumstance. It is idiotic to get involved in a business deal thinking that the other guy might be a crook because his name has an “Inc.” behind it. You know what, if you get in a deal with anyone and you get screwed, you probably deserve being screwed for being such a stupid negotiator in the first place. And if you don’t have the ability to protect your own interests when making a deal, then you shouldn’t be making a deal to begin with. Matter of fact, you shouldn’t be doing business at all. You’d be better off getting a real job.
Uneducated people don't know the difference about Corporations. If you plan to legally lie, cheat, and steal many uneducated persons you can use a Corporation to do it without getting hurt. It's just a matter of what you plan to do.
There is nothing legal about lying, cheating and stealing for personal or corporate gain. Enron, Arthur Andersen, Tyco, WorldCom and ImClone are examples of this. One does not need a corporation to do these bad things. Pick up any newspaper and you’ll read stories about ordinary people lying, cheating and stealing from other ordinary people. The company you used to work for was incorporated, right? If it was, how many uneducated people did your company lie to, cheat and steal from?
I’m sure you’re good at what you do, but please, stay clear of subjects that you have no full working knowledge of and involvement in. If you can’t tell the difference between “capital” and “capitol”, how are we supposed to take you seriously?
tennisace
Dec 18, 2005, 04:10 PM
M.Trevi
I redirected my response to your Yahoo mail. Your Pex mailbox was full at the time.
tennisace
Dec 18, 2005, 04:16 PM
How did you guys came up with the money/capital needed for your businesses?
creative financing, and yes, frugality (isn't that right LBYM'ers?) :hmm:
SILENTMAX
Dec 18, 2005, 10:38 PM
yet another edition of.... quote for the day
"After eating an entire bull, a mountain lion felt so good he started roaring. He kept it up until a hunter came along and shot him. The moral: When you're full of bull, keep your mouth shut." - A Cowboy's Guide To Life
BaryaLang
Dec 19, 2005, 02:20 AM
...I’m sure you’re good at what you do, but please, stay clear of subjects that you have no full working knowledge of and involvement in. If you can’t tell the difference between “capital” and “capitol”, how are we supposed to take you seriously?
*chuckle* I'll Inc for 'ya send me 'yer 2 million Pesos. Hey you will be safe, I'll be Inc right?
If your birthday is correct in your profile (March 7, 1966) I was Inc'ing while you were still peeing in your dippers. Sorry, I just could not pass that slam up. My first of hundreds of Corporations was formed in 1968. I'm helping Philippine business get started because I know how to.
Check my resume please: http://ww.www.barrydoolittle.org
MANAGEMENT Experience:
Owner and Operator - www.baryalang.com
Information Resource Manager - FmHA, USA Department of Agriculture
Owner and Operator - One California
Chief Executive Officer (CEO) - SofTouch Software Corporation
Property Manager and Chief Executive Officer (CEO) - StarPoint Corporation
Founder and Chief Executive Officer (CEO) - Ecology Up Corporation
Regional Manager - National Farmers Organization
Owner and Operator - MiniNews Corporation
District Manager - Field Enterprises Educational Corporation
Partner and Business Manager - Mini Morning News Corporation
College Unit Director - Northwestern Mutual Life, Incorporated
Area Sales Manager - West Bend Corporation
The Corporations I list did multi millions of US Dollars (NOT Pesos) of business every year. Several never made it that is why you don't see them on my resume.
Jesus forgive me for my lack of humility, even Paul did it once,
Barry
Barry Doolittle, Instructor
The Official Web Site for the Happy Pinoy
Barya Lang Internet Family
http://www.happypinoy.com
barry@happypinoy.com
barry@baryalang.com
http://www.baryalang.com
http://www.900ph.com
http://www.19d.us
http://www.1job.us
tennisace
Dec 19, 2005, 06:04 AM
*chuckle* I'll Inc for 'ya send me 'yer 2 million Pesos. Hey you will be safe, I'll be Inc right?
If your birthday is correct in your profile (March 7, 1966) I was Inc'ing while you were still peeing in your dippers. Sorry, I just could not pass that slam up. My first of hundreds of Corporations was formed in 1968. I'm helping Philippine business get started because I know how to.
Check my resume please: http://ww.www.barrydoolittle.org
MANAGEMENT Experience:
Owner and Operator - www.baryalang.com
Information Resource Manager - FmHA, USA Department of Agriculture
Owner and Operator - One California
Chief Executive Officer (CEO) - SofTouch Software Corporation
Property Manager and Chief Executive Officer (CEO) - StarPoint Corporation
Founder and Chief Executive Officer (CEO) - Ecology Up Corporation
Regional Manager - National Farmers Organization
Owner and Operator - MiniNews Corporation
District Manager - Field Enterprises Educational Corporation
Partner and Business Manager - Mini Morning News Corporation
College Unit Director - Northwestern Mutual Life, Incorporated
Area Sales Manager - West Bend Corporation
The Corporations I list did multi millions of US Dollars (NOT Pesos) of business every year. Several never made it that is why you don't see them on my resume.
Jesus forgive me for my lack of humility, even Paul did it once,
Barry
Barry Doolittle, Instructor
The Official Web Site for the Happy Pinoy
Barya Lang Internet Family
http://www.happypinoy.com
barry@happypinoy.com
barry@baryalang.com
http://www.baryalang.com
http://www.900ph.com
http://www.19d.us
http://www.1job.us
And this extensive resume of yours is supposed to impress who?
I am not trying to belittle your accomplishments. If you want a pat on the back, I’ll give it to you. But your statements pertaining to corporations and incorporating doesn’t make any sense at all. Juxtaposing your resume against your posts highlights this very fact. Even an uneducated bloke who still pees in his dippers like me can see that.
So, you’ve been doing something for the longest time and you obviously consider yourself somewhat of an authority on the subject. But what does it matter if you’ve been doing something the wrong way after all this time?
Consider the following:
You say you’ve been incorporating since I’ve been sucking breast milk. Yet, you neither seem to understand nor subscribe to the obvious advantages that incorporation brings to a business.
You are of the opinion that behind an incorporated business is a crook. Yet, according to you, you have incorporated hundreds of businesses. Does that make you a crook? So, how many uneducated clients have you cheated, lied to and stole from? Is this why you insist on starving yourself among the poor and invoking the Almighty’s name because you’re trying to atone for your sins?
You say that incorporating is done to protect a rich person’s assets. The fact is, incorporating simply reduces your personal liabilities and asset protection is a whole different ball of financial wax. You, as an incorporation guru, should know that.
You indicate that incorporating can only be qualified and/or justified by having large personal assets or by simply being rich. You and I both know that in the US, since it is where you supposedly incorporated hundreds of businesses, all that is required is for you is to file your articles of incorporation and other related documents with the state, pay the necessary charter fees, call the IRS for an FEIN which is free, perhaps call Dun & Bradstreet for a DUNS which is also free, and open a business account at a bank with a minimal deposit. If we are to go along with this flawed premise of yours, then we can deduce that you must be a megawealthy person since you’ve incorporated hundreds of businesses.
You stated that an “Inc.” after a company name raises red flags for you unless they are huge and well-known. As an incorporation expert, you should know that a business does not become huge and well-known overnight and that a business can only get huge and well-known if they are incorporated. Nobody, living or dead, will even consider your business expansion plans if you’re not incorporated. As I’ve asked you before, can you name even one huge and well-known company that is not incorporated?
You seem to infer that people who incorporate do so because they have this twisted desire to fool and cheat people. Was that your intention when you started incorporating the first of hundreds of businesses? Did you ever consider that some people actually proceed with incorporating because they just want to make an honest buck and/or leave some kind of a legacy to their heirs when they finally meet their maker?
You stated that you’ve incorporated hundreds of businesses. How many of your businesses have become huge and well-known? I certainly haven’t heard of any one of them. Businesses that make $2 million a year is nowhere near huge or well-known. Does that mean to say that your businesses should come with red flags?
You stated that if I did business through a corporation, a client will less respect me. You did business through a corporation hundreds of times. Are you telling us that there are hundreds of thousands of your erstwhile clients who disrespect you? If such is the case, what have you done to earn their mistrust?
If you have incorporated hundreds of businesses, and some of these businesses are making millions of dollars a year, then why are you toiling in relative poverty in the Philippines? What are you hiding from the US? Disgruntled clients?
You stated that you’re helping Filipino businesses get started because you know how to. If you’re an incorporation expert, and you have incorporated hundreds of businesses in the past, and some of these businesses are making millions a year, you should know that you can accomplish this same goal by maintaining these businesses in the US and parlay some of these million dollars into your activities in the Philippines. Why starve yourself there? It takes more than a lip service to help someone get started in business.
Shall I go on?
Oh, by the way, you shouldn’t have any problems coming up with PhP2M if you’re corporations are making millions of dollars. Oooops, my bad. You said the corporations you listed DID millions of dollars, not pesos. Past tense. So what has become of your hundreds of corporations?
I think you should seriously consider the quote that was posted by Silentmax. You want to help Filipinos get started with business? Then post real business ideas, methods and strategies. Don’t bring yourself up by putting people down. Making yourself look wise by making everyone else look foolish is not a way to establish your credibility. And that’s a lesson from someone who still pees in his dippers. Or did you mean "diapers"?
BaryaLang
Dec 19, 2005, 06:37 AM
yet another edition of.... quote for the day
"After eating an entire bull, a mountain lion felt so good he started roaring. He kept it up until a hunter came along and shot him. The moral: When you're full of bull, keep your mouth shut." - A Cowboy's Guide To Life
Someone very resently posting missed the point!
WOW! tennisace is better than speell check!
*Chuckle*
Barry
SILENTMAX
Dec 19, 2005, 01:04 PM
guys guys. its almost christmas i say lets all drink eggnogs and kiss (under the mistle toe) and make up
SILENTMAX
Dec 19, 2005, 01:11 PM
on the lighter side..
"The greatest pleasure in life is doing what people say you cannot do." - Walter Bagehot
beefnmushroom
Dec 19, 2005, 02:23 PM
Yes I have read your posts and your experiences in MLM. My mom got into MLM because she liked the products, and wants to avail of the discounts on the products. The people she referred are sigining up just to be discounted customers too and she earns through their small purchases. She tells them that MLM is not the way to be a millionaire but it can help earn extra or help them save because of the discounts. Before she leaves she informs her 1 or 2 referrals, so it is not really "leave them holding the bag of crap" thinking. I agree that credibility and integrity is not worth losing over money.
So what happened to your recruits when you're still in MLM? You've been to over 28 MLMs right? Your recruits must be over 10 people especially when you're still concentrating with Amway. Have you told them the truth? I'm sure you did and I do hope they listened.
tennisace,
what is your response to this?
BaryaLang
Dec 19, 2005, 02:59 PM
guys guys. its almost christmas i say lets all drink eggnogs and kiss (under the mistle toe) and make up
10-4, Amen! We have burned that topic to a crisp.
*okay* *SMACK* *okay*
Wow, MLM next, this is gonna be hot Christmas.
Barry
SILENTMAX
Dec 19, 2005, 05:30 PM
waaaaaaaaaaaaahooooooooooooooooooo
just got back from the bir
my accountant was charging me P7800
for registring/stamping of books and ledgers for yr 2006
the thing is it was for 2 corporations and 2 single proprietorie registered business hence the high quote.
i knew how to do this becouse i did this last year but i was so surprised at how high he was charging us.
so i took it upon myself to do it, and welll it took all of afternoon in the hot and humid office of the BIR (damn the lines) but its done
total cost
books and ledgers P630
home made muffins 12 dozen P 0.00
time spent languishing in the line P0.00
the smile on my face knowing that i got one over my accountant who is gauging me right in front of my eyes = priceless
btw stamping/registring of books deadline is on dec 29
GOwin
Dec 19, 2005, 08:50 PM
the price for "languishing in the line" can't be zero. whatever is your average hourly income rate, is the cost of that transaction (plus travel time and expenses)
:)
thanks for the dec 29 reminder.
SILENTMAX
Dec 19, 2005, 11:02 PM
well its all relative. if i knew that i was suppose to be doing something else more productive and profitable i would say that my time in that line is costing me money(in fact i use to say this a lot back then). but experience has thought me a lot of things lately. so i would say that staying in line for about 30-45 mins cost me zero.
oh yeah fuel cost was 300 pesos
and i would be charging this cost to the two corporations i helped out in helping their books stamped.
tennisace
Dec 20, 2005, 02:15 AM
tennisace,
what is your response to this?
My organization was merged with another. Some listened, some didn’t. In any event, I went my own merry way.
tennisace
Dec 20, 2005, 02:18 AM
10-4, Amen! We have burned that topic to a crisp.
*okay* *SMACK* *okay*
Wow, MLM next, this is gonna be hot Christmas.
Barry
No, Barry, YOU have chosen to burn that topic to a crisp, not we. After my previous post, me thinks either the cat’s got your tongue, you swallowed a crow, or you put your foot in your mouth.
Please don’t tell me that you’re another one of these MLM experts.
BaryaLang
Dec 20, 2005, 06:05 AM
No, Barry, YOU have chosen to burn that topic to a crisp, not we. After my previous post, me thinks either the cat’s got your tongue, you swallowed a crow, or you put your foot in your mouth.
Please don’t tell me that you’re another one of these MLM experts.
Wish I could entertain you some more offline but you have your email turned off on PEx. I've not taken time to look you up otherwise.
Let us give the folks on this string a break, ok?
It may be fun for you and I but they have enough information to learn from.
Our exchanging what should be email is not going to help anyone here. I do have experience in MLM but I don't need to expand on it here because the Philippines already understands what it does to people.
We, the general readers of this string, don't even know your name right now, your phone numbers or anything else about you except that you post a lot. For everyone on this list it is kind of suspect to have you hiding behind your "tennisace" handle and throwing out 'yer posts in secret.
I shall remain silent for a while and watch your act. You can always email me because my information is public. I have nothing to hide or hide from.
Barry
Barry Doolittle, Instructor
The Official Web Site for the Happy Pinoy
Barya Lang Internet Family
http://www.happypinoy.com
barry@happypinoy.com
barry@baryalang.com
http://www.baryalang.com
http://www.900ph.com
http://www.19d.us
http://www.1job.us
tennisace
Dec 20, 2005, 09:18 AM
Wish I could entertain you some more offline but you have your email turned off on PEx. I've not taken time to look you up otherwise.
Let us give the folks on this string a break, ok?
It may be fun for you and I but they have enough information to learn from.
Our exchanging what should be email is not going to help anyone here. I do have experience in MLM but I don't need to expand on it here because the Philippines already understands what it does to people.
We, the general readers of this string, don't even know your name right now, your phone numbers or anything else about you except that you post a lot. For everyone on this list it is kind of suspect to have you hiding behind your "tennisace" handle and throwing out 'yer posts in secret.
I shall remain silent for a while and watch your act. You can always email me because my information is public. I have nothing to hide or hide from.
Barry
Barry Doolittle, Instructor
The Official Web Site for the Happy Pinoy
Barya Lang Internet Family
http://www.happypinoy.com
barry@happypinoy.com
barry@baryalang.com
http://www.baryalang.com
http://www.900ph.com
http://www.19d.us
http://www.1job.us
Barry,
My PEx PM is not “turned off”; it works just fine. It’s always been available to anyone and everyone who wishes to “entertain” me. So please indulge yourself. I would welcome your entertainment.
On the contrary, I think our exchange is in fact helping someone here. I laid out corporate facts; you managed to hang yourself with your own corporate rope.
I don’t post nearly as frequent as I would like. Some of us have some real corporate businesses to attend to. In case you haven’t noticed, everyone here uses their own nicks. Nothing unusual about that. There are some folks here who know who I am, and there are also some that I do business with. If anyone’s been busted, it’s you. We both know the pretext behind your signature, and this isn't the thread to do it.
It would be a great favor for this thread if you in fact remain silent for a looooong while. The participants of this thread are good people who are serious about entrepreneurship, and a lot of us are busting our humps operating our own businesses and contributing to the local economy.
You advertise yourself as an “Instructor”, a little pompous and paradoxical I think considering your capitols and dippers, but hey, that’s your prerogative. This isn’t your classroom and we’re not your students. You want to contribute something to this thread? Post something that makes good business sense. Don’t turn this thread into your bully pulpit. You’re certainly welcome to “watch my act”. I believe that old dogs can still learn a few new tricks.
BaryaLang
Dec 20, 2005, 02:44 PM
...You’re certainly welcome to “watch my act”. I believe that old dogs can still learn a few new tricks.
IGNORE = on
Anyone that DOES know this person please email me information about him/her. I promise not to reveal your contact to me or any information you send. If he/she is not mentally stable I might need to know about that.
Thanks,
Barry
Barry Doolittle, Instructor
The Official Web Site for the Happy Pinoy
Barya Lang Internet Family
http://www.happypinoy.com
barry@happypinoy.com
barry@baryalang.com
http://www.baryalang.com
http://www.900ph.com
http://www.19d.us
http://www.1job.us
fil_japs
Dec 20, 2005, 08:02 PM
no need to be make it a secret. you may just ask omeng and the usual keyboard entreps in the thread, their posts normally refer to each other.
please keep it up guys, your exchanges range from educational to entertaining.
i normally come to lurk here now - especially attracted by the barry-tennisace show.
the solo, one-cent antics of omeng for the last 6 months or so have no match to your extended duets.
happy christmas.
tennisace
Dec 21, 2005, 04:55 AM
IGNORE = on
Anyone that DOES know this person please email me information about him/her. I promise not to reveal your contact to me or any information you send. If he/she is not mentally stable I might need to know about that.
Thanks,
Barry
Now that’s entertainment! :rotflmao:
It’s true that lately quite a few people have been concerned about my state of mental health. But at least I still know my capitols and dippers. That's a good thing.
Barry, you haven’t really addressed my discourse on the subject of “corporations” in the context of your posts on the subject. I think you owe it to the participants of this thread to rebut my statements and offer a sensible dissertation about your seemingly oxymoronical stance on this issue. Guide us and enlighten us, O Holy Instructor. Christmas is a season of giving; so please accord us the privilege of bathing in the unfathomable sea of your corporate knowledge.
If you want to know about me, all you have to do is ask. Click on tennisace then click on "send private message". It's that easy. You know a lot of people have already done it, so I know it works.
T.Ace (the other half of the Gruesome Twosome)
Merry Christmas and a really prosperous New Year to everyone! (you, too, Barry)
SILENTMAX
Dec 21, 2005, 12:15 PM
just a reminder 4 more days till christmas (im almost out of cash)...
oh give love on christmas day...... :D
omeng
Dec 21, 2005, 02:14 PM
Quote for today:
"Talk is cheap."
Trevi
Dec 24, 2005, 05:20 AM
The last post in this thread - Dec 21, 2005...????!!!!! Highly irregular.
Sobra yatang busy ang mga entreps!!!! (I wonder, business or partying??)
Its a day before X'mas, I hope ALL in this thread will wind down and come up for air...No business matter is so important to hamper the celebration and good tidings of Christmas Day.
I wish ALL the the entreps A Very Merry Christmas.
I look forward to some of you/us kiss and make up under the mistletoe..........beefnmushroom !!!!!!!!!!!!!!! where are you ?
beefnmushroom
Dec 24, 2005, 03:30 PM
hi trevi!
i'm right here!
i try to be nice during the holiday season (but i'm still the same old devil's advocate :))
merry christmas to everyone!
omeng
Dec 24, 2005, 05:50 PM
pasan ko ang mundo. :(
anu't ano paman, maligayang kapaskuhan sa inyo tanan. :D
SILENTMAX
Dec 24, 2005, 06:30 PM
well im certifiably poor here. having realeased all end of the year obligations
ahh well thats life.
Merry Christmas To all!!!!!!!!
hope everybody is spending time with their family now. recharge refocuse and revitalize. for 2006 is a whole new ballgame. :D
Trevi
Dec 25, 2005, 07:44 AM
MERRY CHRISTMAS TO ALL ENTREP(S) IN THIS THREAD.
May you be blessed with things you pray for, Granted the things you wish for, and rewarded for the things you work for.
I wish you all Good Luck, Good health and Prosperity for the coming year.
TREVI
summit012
Dec 25, 2005, 11:39 AM
Merry xmas and a prosperous new year to everybody!
To those who want to outsource their product/s next year, you may want to check this out.
Outsourcing Business
Many businessmen now a day outsource their products from several countries while most of them outsourced theirs from China. There are lots of reasons why businessmen do that, avoiding high cost of production, labor problems, bureaucracy to name a few.
We often heard that China’s produce are cheaper but poor in quality. But do you know that China’s products are becoming more and more competitive worldwide? The quality of their products is now at par with the world market standard. In fact, some of the world most famous brands, from automobiles to computers to RTW, are now being produced there.
The Problem
You may ask, if it is cheaper to outsource quality goods from China, why not every businessmen doing that? Valid question isn’t it?
In my observation, most businessmen basically don’t know where and how to start. Some don’t know where to find what they are looking for. Some don’t know how to consolidate their goods, and most don’t know anybody whom they can trust to handle their goods, or probably all of the above.
Doing business with Chinese businessmen is not that easy. There are some factors to consider like
1. Language and cultural differences
2. Negotiation strategies (products’ quality and price)
3. Arrangement of deliveries and payments, etc.
And one mistake can be very costly. I know an American businessman who lost USD 200,000 because the products that were shipped were not according to his specification (P.O). Imagine having inferior products in your doorsteps or worst products not included in your purchase order, and you cannot do anything about it…I call this big time headache. Many businessmen have suffered similar fate because of doing the “short cuts” to save money but eventually losing a bigger one.
The Solution
What if somebody can go in between the process and substantially minimizing the risk? You get your goods the way you want it and at a competitive price, all for a minimal fee?
Email your inquiries to outsource.biz@gmail.com
ForeSight
Dec 25, 2005, 10:05 PM
Merry CHRISTmas to all. God is Good!
omeng
Dec 27, 2005, 02:40 AM
quote of the day:
"Clear accounting preserves relationships."
any wild reaction please?
BaryaLang
Dec 27, 2005, 03:20 AM
quote of the day:
"Clear accounting preserves relationships."
any wild reaction please?
*okay* A WILD YES! *okay*
It is the ONLY way to go.
Barry
Barry Doolittle, Instructor
The Official Web Site for the Happy Pinoy
Barya Lang Internet Family
http://www.happypinoy.com
barry@happypinoy.com
barry@baryalang.com
http://www.baryalang.com
http://www.900ph.com
http://www.19d.us
http://www.1job.us
tennisace
Dec 27, 2005, 06:05 AM
quote of the day:
"Clear accounting preserves relationships."
any wild reaction please?
Baloney! :D
Clear accounting of what? :naughty:
The only clear accounting I can wildly think about is the one done by Arthur Andersen and Enron, not to mention Tyco, et. al. And of course, we also have the clear accounting that some of us do quite creatively when the taxman comes calling. :p
Plus of course the fact that incorporated companies are crooks anyway according to a certain expert. :bop:
The simplest way to preserve a "relationship" is to put it down on paper. I think pre-nups would fall into that category :hmm:
SILENTMAX
Dec 27, 2005, 09:10 AM
Call center work can help future entrepreneurs
Posted: 0:00 AM | Dec. 26, 2005
Margie Quimpo-Espino
Inquirer
Published on Page B4 of the December 26, 2005 issue of the Philippine Daily Inquirer
BERT QUINTANA IS A CUBAN-American whose family moved to the US when he was two. But like many migrants, his family has preserved their traditions.
This act has enabled Quintana to adjust well to varied personalities he deals with because of his job. Quintana is VP for Dell International Services. He leads the operations and management of Dell's global network of 30 Consumer Contact Centers which support Dell business and consumers in the US, Asia and Europe.
Quintana visited Manila recently in the wake of the decision of Dell to set up two call centers in the Philippines. One will be in Makati City and the other in Pasay City at the SM Mall of Asia. The concept of a call center in a mall is a first in the country.
Quintana says it chose the Philippines for its customer contact center because of the strong language and communication skills of its high-quality workforce. It recognizes that the ability of most Filipinos to speak English and its big student population are fast making the Philippines the call center location of choice in Southeast Asia.
"You have terrific talent here. Your people represent a lot of potential," Quinata said.
The Dell VP says his Hispanic origins and his various work assignments is helping him adjust well to the different cultures the call centers are located in.
"I get amazing insights into other people," he said adding that he has worked in New Mexico, Colorado, California, Florida, Tennessee, and today Texas. "I am able to experience positive work relationship with whatever people I meet."
Quintana says working in a call center is a key to future entrepreneurs. "One learns about customers here--how they behave. There is tremendous career growth because when one becomes a group leader, he coaches the staff in different skills."
He says a call center employee learns the art of dealing with customers--a skill that can be valuable to the service business.
"At a call center, you develop listening skills. You get to a solution quickly," he added.
Quintana said they want to develop leaders in the Philippines. He added that Dell's style is they get locals to run so there is "regional ownership."
Dell is in the Philippines today through a representative office at the Enterprise Plaza in Makati, and through its contact center training and recruitment office at the RCBC Plaza.
The Pasay City contact center will open in February 2006. It will provide service and technical support to Dell consumer customers in the United States.
Dell, the world's largest computer systems company and recognized by Fortune magazine as America's most admired company, has led its industry in phone-based personal computer technical support services.
Dell's global customer contact network includes more than 30 locations dedicated to supporting customers anywhere in the world, anytime of day. The company is using its business process improvement expertise--gained from its acclaimed supply chain management and manufacturing--in its contact center operations to give its customers customized products and services at the best value.
An online innovator and leading consumer technology company, Dell is using the Internet, including an on-demand webcast and online advertising, to reach prospective employees. The company is looking for professionals with contact center experience, technical certification or technical college degrees and is collecting resumés at its employment website www.dell.com/manila.
omeng
Dec 27, 2005, 09:36 AM
Baloney! :D
Clear accounting of what? :naughty:
The only clear accounting I can wildly think about is the one done by Arthur Andersen and Enron, not to mention Tyco, et. al. And of course, we also have the clear accounting that some of us do quite creatively when the taxman comes calling. :p
Plus of course the fact that incorporated companies are crooks anyway according to a certain expert. :bop:
The simplest way to preserve a "relationship" is to put it down on paper. I think pre-nups would fall into that category :hmm:
:lol: :rotflmao:
omeng
Dec 29, 2005, 12:39 PM
la na ang eb?
tennisace
Dec 31, 2005, 02:46 AM
Happy New Year to all! *partysmiley*
My thoughts for all entreps, straight from the T.Ace playbook:
A problem is nothing more than a challenge and/or an opportunity. It only becomes a problem when you make it a problem.
SILENTMAX
Dec 31, 2005, 01:39 PM
happy new year sa lahat nang PINOY entrepreneurs young and old alike
tennisace
Jan 1, 2006, 03:18 AM
I posted this reply in another thread, but I thought it was appropriate for this thread as well:
The elimination of poverty in my opinion is nothing more than a utopian mirage. Poverty is a pandemic - a human scourge that every civilized nation has to grapple with, and it’s not going to go away.
To address the issue of poverty in the Philippines, one must first address the issue of the politics of Philippine economy. The unemployment rate is hovering around 12%, and 40% of the population is living below the poverty line. The GDP per capita is around $5,000. The industry sector, represented by 16% of the labor force, turns in a healthy 32% of GDP. By contrast, agriculture’s 36% labor force turns in a lackluster 15% of GDP from the country’s 19% of arable land. Of this, permanent crops represent only 17% of the entire agricultural output. The service sector represents almost half of the labor force at 48% and contributes more than half of the GDP at 53%. The inflation rate is 5.5%. The population growth rate is high and there exists a gross inequality in the distribution of income. 74% of GDP is spent on public debt, $57 billion of which is external. Obviously, this fiscal constraint hinders the government’s ability for social spending.
From these numbers, one can glean where the roots of the country’s socio-economic problems lie and see what the possible solutions are. However, it all begins with government, good governance and fiscal responsibility. A strong enforcement of the tax code for instance, and an efficient and effective method of collecting revenues (not the imposition of new taxes) are essential to bolstering national coffers. The privatization of inefficient and unprofitable public enterprises can also contribute to the mitigation of public funds drainage. Entrepreneurship and/or free enterprise must be encouraged by creating an economic environment that is conducive to it. Currently, the requirements for incorporating a business are restrictive. Too much red tape and redundant (and often unnecessary or unreasonable) requirements for lesser forms of business structures makes establishing even the most basic of businesses a major chore and a royal pain in the butt. This forces a significant number of sole proprietorships and partnerships to go under the table rather than dealing with a bloated bureaucracy. In the end, the throttling of entrepreneurships and the corruption involved in taxation denies the government its rightful revenues. The principles of free enterprise and the business-friendly nature of its tax code made the US economy the richest in the world. Quite an achievement considering that the economy is barely over 200 years old. Over 80% of the US economy is derived from small businesses. It’s time for the Philippine government to quit the lip service and institute palpable changes in its socio-economic policies. The progression of Philippine economy, in my opinion, lies in the encouragement, support and empowerment of local entrepreneurships. Instituting economic policies that encourage foreign investments are great, but I believe that government has to do more in the manner of incentives and support to foster a sustainable growth in local entrepreneurships. Economic growth has to start from within. It cannot and must not rely on foreign intervention.
Teaching individuals to set up their own businesses is a noble idea. However, without the corresponding changes in economic and enterprise policies, one cannot fully exploit the advantage and potential of business ownership. Most, if not all business startups are one- or two-person operations. Current Philippine rules prohibit incorporation unless there are at least 5 people involved. By contrast, one person can either incorporate or file for an LLC in the US and immediately benefit from all the tax advantages that it brings. It is also clear that US business and enterprise policies encourage businesses of all sizes and capitalizations to incorporate. This is further highlighted by the maximum tax benefits and advantages accorded to corporations and LLCs over sole proprietorships and partnerships. Irrespective of these issues, however, one must also consider each individual’s aptitude for business. To Filipinos, earning a college degree or at least achieving college-level education is a given. All of us who were born and raised in the Philippines realize that a college education is a crown jewel of any family’s pride. Anything less and you’re looked upon either as inadequate or a failure, and you’re doomed to the most menial of jobs. The Philippines has an outstanding literacy rate at 93% and boasts a labor pool of college-educated people. This bodes well for the industry and service sectors, but is a bane for the propagation of entrepreneurship. In my opinion, a large labor pool of college-educated people means that most of us home-grown Filipinos have been conditioned since the first grade to be employees and followers. Entrepreneurship requires the ability to recognize opportunities in its many forms and requires the mindset of a potent leader. Please correct me if I’m wrong, but chances are, none of us would want to be the first to stick our necks out. We like to bemoan inequalities and injustice, yet we refuse to be the first to stand up, swallow the risks and take the heat. We also have a culture of apathy, the manyana habit and crab mentality. Hence, aside from changing the rules of business, we also need to instill into would-be entrepreneurs the mindset of being a true leader, the aptitude for doing business and the tools required to grow and sustain a business. Helping people set up their own businesses is a step in the right direction. However, it must be followed through with creating the right environment that is conducive to its growth.
I don’t subscribe to the idea that successful people automatically leave the country. People who leave the country do so in order to make more money elsewhere in order to support their families, both immediate and extended. That is the choice they are left with considering the lack of viable income opportunities in-country. I know of many successful Filipinos who insist on maintaining their Philippine residency and citizenship. It would be a gross misjudgment on their part to leave the place where their success was built just to start from scratch again somewhere. Migration statistics show an emigration rate of about 1.49 per 1,000. The Filipino population in the US is less than 3 million, although it seems like its more than that for those who live among the Filipinos concentrated in California, Chicago and the New York areas. There are TnTs, but a lot of them have readjusted their immigration status through amnesty, some have been deported and the muster for the issuance of visitors visa has become tougher. Most Filipino émigrés in the US were petitioned by relatives, although the current shortage of nurses in the US has prompted the influx of Filipino nurses and their families under permanent residency visas which ultimately lead to US citizenship. From there, the petitioning cycle re-establishes itself. The government is not about to clamp down on its most profitable export (manpower) when overseas remittances contribute close to $8 billion to its coffers. Speaking of which, those of us who were born in our native country understands that it is an obligation for those who are doing well (and it is assumed that one is doing well when working abroad) to help those who are struggling in their family. Filipino expatriates send money back to the motherland not because of some selfish and pretentious motivations, but for first-generation Filipinos especially, it is thought of as an obligatory gesture. Not doing so when one is obviously well-off is generally frowned upon regardless of where a Filipino is situated. Non-Filipinos may interpret this as a self-serving gesture and understandably so, but this innate gesture has more cultural roots than anything else.
Charity is a relative term and the motivation for it varies between each individual. It may range from saving one’s self from the embarrassment of not putting something in the church collection basket as it’s passed around to an effective and legally-sanctioned wealth preservation strategy employed by someone of Bill Gates’ financial stature. Philanthropy, in my opinion, is just a highfalutin term for charity. The term is generally used to let us know that the charity is coming from a rich person. Why is Bill Gates a philanthropist and I’m a just a charitable donor when we’re basically doing the same thing? Because Bill has a few billion dollars laying around and all I have are nickels and dimes lodged between sofa cushions, that’s why. Having concern for others has nothing to do with the spirit of charity or philanthropy. It is an innate human characteristic that has just been buried deep inside of us because we have somehow grown to be jaded and cynical. However, the act of terrorism on 9/11 and the disasters created by the tsunami and Hurricane Katrina show that human concern for the welfare of others still exists regardless of nationality and personal circumstance.
The desire for status and the placing of wants before needs is a basic human weakness. We are social creatures, and social creatures live and thrive in a society built on a hierarchal system. We all want to shed the image of a drone and take on the colors of the queen bee. I go to Chinatown in New York and I see people of different races and nationalities buying counterfeit merchandise ranging from fake Prada bags to Cartier watch look-a-likes. They all have the same reasons for doing so; that is, to somehow fool other people into believing that they can afford the real and expensive stuff. We are constantly locked in a duel of one-upmanship with acquaintances and strangers. It is, in my view, a manifestation of the basic human desire for social validation. From what I’ve observed, the really wealthy do not waste their time and money on snob appeal. It is the nouveau riche and the wannabes that consciously flaunt their Armanis, fake or not, to announce that they have arrived. Many Filipinos have no concept of money management, and their idea of handling money is limited to the strategy of the one-day-millionaire. This is not really surprising considering that a significant number of us are living below the poverty line and a considerable number of us are unemployed. How are we supposed to learn how to manage money if there is not enough money to manage in the first place? We all want a taste of the good stuff, and when a few extra bucks allow us to do so, we indulge without hesitation. We want it now before the money disappears.
Aside from all these things, the issue of population control has to play an integral role in the alleviation of poverty. The problem is, the Catholic church has been playing a pseudo-political role since the time of Padre Damaso and Padre Sybila. They meddle in politics where there should be a clear separation of church and state. The government has to do a massive overhaul of its family planning policies but the holy oracles of the Catholic church condemns the premise of contraception and undercuts whatever measly efforts the government undertakes in this regard. Clearly, the hit-or-miss method such as the rhythm or withdrawal methods advocated by the Church has not been effective to say the least. Riding bareback has resulted in a rash of unintended pregnancies. It’s true that moral decay has accelerated but I still believe that poverty has its underpinnings in the country’s general socio-economic conditions.
NGOs cannot be relied upon as advocates for change. We can continue to do our part individually and collectively, but ultimately, the government has the task of changing the rules and policies. As a democratic society, it becomes the responsibility of the voting public to set the tone for change. The country has had enough of career politicians, political dynasties, celebrity morons and self-serving wealthy individuals. Something has got to give. The thing is, though, when the common people tolerate and practice corruption and allow themselves to be corrupted, we’re back to square one. And when we talk about corruption, it again boils down to the politics of economics. So the cycle continues.
All I can hope for this year is the best for our country and our people. Those of us who are fortunate to call ourselves entrepreneurs must continue to do the best we can in the interest of our country’s economy and our people. This is neither charity nor philanthropy. It is simply the right thing to do.
Happy New Year to all.
snop
Jan 1, 2006, 08:28 AM
Bolded extracts mine:
The elimination of poverty in my opinion is nothing more than a utopian mirage. Poverty is a pandemic - a human scourge that every civilized nation has to grapple with, and it’s not going to go away.
To address the issue of poverty in the Philippines, one must first address the issue of the politics of Philippine economy. The unemployment rate is hovering around 12%, and 40% of the population is living below the poverty line.
The GDP per capita is around $5,000. The industry sector, represented by 16% of the labor force, turns in a healthy 32% of GDP. By contrast, agriculture’s 36% labor force turns in a lackluster 15% of GDP from the country’s 19% of arable land. Of this, permanent crops represent only 17% of the entire agricultural output. The service sector represents almost half of the labor force at 48% and contributes more than half of the GDP at 53%. The inflation rate is 5.5%.
The population growth rate is high and there exists a gross inequality in the distribution of income. 74% of GDP is spent on public debt, $57 billion of which is external. Obviously, this fiscal constraint hinders the government’s ability for social spending.
From these numbers, one can glean where the roots of the country’s socio-economic problems lie and see what the possible solutions are. However, it all begins with government, good governance and fiscal responsibility. A strong enforcement of the tax code for instance, and an efficient and effective method of collecting revenues (not the imposition of new taxes) are essential to bolstering national coffers.
The privatization of inefficient and unprofitable public enterprises can also contribute to the mitigation of public funds drainage. Entrepreneurship and/or free enterprise must be encouraged by creating an economic environment that is conducive to it. Currently, the requirements for incorporating a business are restrictive. Too much red tape and redundant (and often unnecessary or unreasonable) requirements for lesser forms of business structures makes establishing even the most basic of businesses a major chore and a royal pain in the butt. This forces a significant number of sole proprietorships and partnerships to go under the table rather than dealing with a bloated bureaucracy. In the end, the throttling of entrepreneurships and the corruption involved in taxation denies the government its rightful revenues. The principles of free enterprise and the business-friendly nature of its tax code made the US economy the richest in the world. Quite an achievement considering that the economy is barely over 200 years old. Over 80% of the US economy is derived from small businesses. It’s time for the Philippine government to quit the lip service and institute palpable changes in its socio-economic policies. The progression of Philippine economy, in my opinion, lies in the encouragement, support and empowerment of local entrepreneurships. Instituting economic policies that encourage foreign investments are great, but I believe that government has to do more in the manner of incentives and support to foster a sustainable growth in local entrepreneurships. Economic growth has to start from within. It cannot and must not rely on foreign intervention.
Teaching individuals to set up their own businesses is a noble idea. However, without the corresponding changes in economic and enterprise policies, one cannot fully exploit the advantage and potential of business ownership. Most, if not all business startups are one- or two-person operations. Current Philippine rules prohibit incorporation unless there are at least 5 people involved. By contrast, one person can either incorporate or file for an LLC in the US and immediately benefit from all the tax advantages that it brings. It is also clear that US business and enterprise policies encourage businesses of all sizes and capitalizations to incorporate. This is further highlighted by the maximum tax benefits and advantages accorded to corporations and LLCs over sole proprietorships and partnerships. Irrespective of these issues, however, one must also consider each individual’s aptitude for business. To Filipinos, earning a college degree or at least achieving college-level education is a given. All of us who were born and raised in the Philippines realize that a college education is a crown jewel of any family’s pride.
Anything less and you’re looked upon either as inadequate or a failure, and you’re doomed to the most menial of jobs. The Philippines has an outstanding literacy rate at 93% and boasts a labor pool of college-educated people. This bodes well for the industry and service sectors, but is a bane for the propagation of entrepreneurship. In my opinion, a large labor pool of college-educated people means that most of us home-grown Filipinos have been conditioned since the first grade to be employees and followers.
Entrepreneurship requires the ability to recognize opportunities in its many forms and requires the mindset of a potent leader.
Please correct me if I’m wrong, but chances are, none of us would want to be the first to stick our necks out. We like to bemoan inequalities and injustice, yet we refuse to be the first to stand up, swallow the risks and take the heat. We also have a culture of apathy, the manyana habit and crab mentality. Hence, aside from changing the rules of business, we also need to instill into would-be entrepreneurs the mindset of being a true leader, the aptitude for doing business and the tools required to grow and sustain a business.
Helping people set up their own businesses is a step in the right direction. However, it must be followed through with creating the right environment that is conducive to its growth.
I don’t subscribe to the idea that successful people automatically leave the country. People who leave the country do so in order to make more money elsewhere in order to support their families, both immediate and extended. That is the choice they are left with considering the lack of viable income opportunities in-country. I know of many successful Filipinos who insist on maintaining their Philippine residency and citizenship. It would be a gross misjudgment on their part to leave the place where their success was built just to start from scratch again somewhere. Migration statistics show an emigration rate of about 1.49 per 1,000. The Filipino population in the US is less than 3 million, although it seems like its more than that for those who live among the Filipinos concentrated in California, Chicago and the New York areas. There are TnTs, but a lot of them have readjusted their immigration status through amnesty, some have been deported and the muster for the issuance of visitors visa has become tougher.
Most Filipino émigrés in the US were petitioned by relatives, although the current shortage of nurses in the US has prompted the influx of Filipino nurses and their families under permanent residency visas which ultimately lead to US citizenship. From there, the petitioning cycle re-establishes itself. The government is not about to clamp down on its most profitable export (manpower) when overseas remittances contribute close to $8 billion to its coffers. Speaking of which, those of us who were born in our native country understands that it is an obligation for those who are doing well (and it is assumed that one is doing well when working abroad) to help those who are struggling in their family. Filipino expatriates send money back to the motherland not because of some selfish and pretentious motivations, but for first-generation Filipinos especially, it is thought of as an obligatory gesture.
Not doing so when one is obviously well-off is generally frowned upon regardless of where a Filipino is situated. Non-Filipinos may interpret this as a self-serving gesture and understandably so, but this innate gesture has more cultural roots than anything else.
Charity is a relative term and the motivation for it varies between each individual. It may range from saving one’s self from the embarrassment of not putting something in the church collection basket as it’s passed around to an effective and legally-sanctioned wealth preservation strategy employed by someone of Bill Gates’ financial stature.
Philanthropy, in my opinion, is just a highfalutin term for charity. The term is generally used to let us know that the charity is coming from a rich person. Why is Bill Gates a philanthropist and I’m a just a charitable donor when we’re basically doing the same thing? Because Bill has a few billion dollars laying around and all I have are nickels and dimes lodged between sofa cushions, that’s why. Having concern for others has nothing to do with the spirit of charity or philanthropy. It is an innate human characteristic that has just been buried deep inside of us because we have somehow grown to be jaded and cynical. However, the act of terrorism on 9/11 and the disasters created by the tsunami and Hurricane Katrina show that human concern for the welfare of others still exists regardless of nationality and personal circumstance.
The desire for status and the placing of wants before needs is a basic human weakness. We are social creatures, and social creatures live and thrive in a society built on a hierarchal system. We all want to shed the image of a drone and take on the colors of the queen bee. I go to Chinatown in New York and I see people of different races and nationalities buying counterfeit merchandise ranging from fake Prada bags to Cartier watch look-a-likes. They all have the same reasons for doing so; that is, to somehow fool other people into believing that they can afford the real and expensive stuff.
We are constantly locked in a duel of one-upmanship with acquaintances and strangers. It is, in my view, a manifestation of the basic human desire for social validation. From what I’ve observed, the really wealthy do not waste their time and money on snob appeal.
It is the nouveau riche and the wannabes that consciously flaunt their Armanis, fake or not, to announce that they have arrived. Many Filipinos have no concept of money management, and their idea of handling money is limited to the strategy of the one-day-millionaire. This is not really surprising considering that a significant number of us are living below the poverty line and a considerable number of us are unemployed. How are we supposed to learn how to manage money if there is not enough money to manage in the first place? We all want a taste of the good stuff, and when a few extra bucks allow us to do so, we indulge without hesitation. We want it now before the money disappears.
Aside from all these things, the issue of population control has to play an integral role in the alleviation of poverty. The problem is, the Catholic church has been playing a pseudo-political role since the time of Padre Damaso and Padre Sybila. They meddle in politics where there should be a clear separation of church and state. The government has to do a massive overhaul of its family planning policies but the holy oracles of the Catholic church condemns the premise of contraception and undercuts whatever measly efforts the government undertakes in this regard. Clearly, the hit-or-miss method such as the rhythm or withdrawal methods advocated by the Church has not been effective to say the least. Riding bareback has resulted in a rash of unintended pregnancies. It’s true that moral decay has accelerated but I still believe that poverty has its underpinnings in the country’s general socio-economic conditions.
NGOs cannot be relied upon as advocates for change. We can continue to do our part individually and collectively, but ultimately, the government has the task of changing the rules and policies. As a democratic society, it becomes the responsibility of the voting public to set the tone for change. The country has had enough of career politicians, political dynasties, celebrity morons and self-serving wealthy individuals. Something has got to give. The thing is, though, when the common people tolerate and practice corruption and allow themselves to be corrupted, we’re back to square one. And when we talk about corruption, it again boils down to the politics of economics. So the cycle continues.
All I can hope for this year is the best for our country and our people. Those of us who are fortunate to call ourselves entrepreneurs must continue to do the best we can in the interest of our country’s economy and our people. This is neither charity nor philanthropy. It is simply the right thing to do.
Happy New Year to all.
From one old LBYMer to another young, eloquent born-again (or closet) LBYMer, truly well said! *okay* :handsdown:
Am just hoping I can be half as articulate as you promoting my DRIPs.
:love:
Thanks, buddy! I sincerely wish you and all my fellow entrepreneurs here at TWF: a very prosperous New Year!
:cheers:
gustymoon
Jan 1, 2006, 09:02 AM
Nice post TennisAce. Very enlightening and inspiring.
Thank you to this thread. I've learned a lot (as a regular lurker) from the posts. It has moved me into action and has taken me out complacency. I look forward to being an Entrep in 2006. I know its going to be an uphill battle but one that I am ready to take on.
Happy New year to all. Special mention to dear Trevi. Wishing all of you/us success in 2006.
tennisace
Jan 1, 2006, 09:15 AM
Kind words Snop and G.Moon. Thank you.
For a moment there, Snop, I thought you were going to say closet.....queen? :lol:
I can be half as articulate only when I'm on my medications. :rotflmao:
SILENTMAX
Jan 1, 2006, 10:22 PM
@ tennisace great post boss!!
eto naman article sa forbes about how entrepreneurs push the economy
_________________________________
Digital Rules
It's the Entrepreneurs, Stupid
Rich Karlgaard, 07.04.05, 12:00 AM ET
http://www.forbes.com/entrepreneurs/entrelaw/global/2005/0704/075.html
A dearth of entrepreneurs explains the economic mess in Europe. What a sad turn of events: France, after all, gave us the word entrepreneur. (It comes from the French verb entreprendre, "to undertake." An entrepreneur undertakes a business, assuming the financial risk for the chance of profit.) France also birthed one of the giants of economic philosophy, Jean-Baptiste Say (1767-1832). Say's Law (1803) was popularized soon after by Scottish Enlightenment philosopher James Mill as the well-known adage "supply creates its own demand." Say said it better: "Products are paid for with products."
Whichever translation you prefer, the implication of Say's Law is clear enough. Too bad Europe doesn't get it. Growth requires production, which requires investment, which must come out of profits. You destroy growth when you destroy investment capital by way of taxation and regulation. Evidence: France and Germany. The latter has had just one year of 3% GDP growth during the last 12 years. Last year France grew at 2.1%, Germany at 1.6%.
Consumption will never lift a country's growth rate. Only new production--the work of entrepreneurs--will do that. Europe's recovery depends not on more laws or a reworked EU Constitution (or taxpayer subsidies of so-called national champions, such as the Airbus consortium EADS), but on attracting, keeping and nourishing entrepreneurs. Here's how.
Taxes must be reasonable. It's up to each country to decide what's reasonable. But governments should bear in mind that investment capital and talent are highly mobile--made more so by the Internet--and are thus always in play. Entrepreneurs and capital will be attracted to lower taxes. Fast-growing Ireland and Poland tax their producers more lightly than do burdensome Germany and France. Producers want to keep their profits--not because of greed but because they want the right to reinvest.
Trade and labor markets must be free. Entrepreneurs must have the freedom to hire and fire whom they wish. Typically cash-strapped, they need the flexibility to tap suppliers and customers anywhere in the world.
Regulations must be light. In Germany business startups need approval from the government, and the process takes months or years. French startups are choked by paperwork, which is why a generation of French restaurant entrepreneurs has decamped to London. In much of the world this master-serf relationship between government and citizens persists--if not in law, in mind--and the thinking is, "Who gave you permission to start a business?" How poisonous to entrepreneurship.
The rule of law must be understood and enforced. When given a chance, large companies will manipulate the political system to their advantage. This occurs everywhere in the world (think big agribusiness in the U.S.). But where such unlevel playing fields are the norm, not the exception, the country's top entrepreneurs will say, "To heck with this!" and leave.
Entrepreneurs come in all types. Some want to escape poverty or obscurity. Some have an urge to change the world. Others want to prove their intellect, or stick it to their former bosses. But one thing entrepreneurs rarely appear to be is their university's class valedictorian. Countries that place too much emphasis on showy scholastic achievement, such as France and Japan, will be short on entrepreneurs.
Immigration must be encouraged. Australia, New Zealand and, to a lesser extent, the U.K. are booming because of immigration, just as America historically has. Educated immigrants start tech companies. Noneducated immigrants also boost the economy, if they are willing to assimilate. They start mom-and-pop businesses, some of which grow to be large. Memo to France and Germany: The U.S. has made a disastrous wrong turn regarding skilled immigrants. Because of its H-1B visa plan, the U.S. is admitting only a third of the peak number it did five years ago. That's terrible policy. It will damage U.S. technology for years to come. I hate to suggest this, but now's the time for other countries to take advantage of our shortsightedness.
Waste and inefficiency must be accepted. Old Europe has been infected with a bad idea from its Green parties. The idea is that "sustainability" is good and waste is sinful. But "sustainable" never brings the big breakthrough. For that, you need armies of entrepreneurs "wasting" time and resources in experimentation.
Honest failure must be tolerated. One of the secrets of Silicon Valley's success is an acceptance of multimillion-dollar ****-ups. Billionaire venture capitalist John Doerr says a VC isn't seasoned until he's crashed the equivalent of an F-18 fighter jet--booted $20 million on a startup that didn't work. In countries where bankruptcy laws are too tilted toward creditors, you get fewer risk takers.
Social mobility must be applauded. Why would a French entrepreneur want to struggle for success, only to find at the head of the receiving line someone like Dominique de Villepin, a haughty mandarin eager to cut him down? One of the reasons Silicon Valley surpassed the Boston area in tech leadership is that Boston was more class-riven. Graduates of Harvard Business School, wanting to protect their social status, tended to go into white-shoe consulting and banking. Graduates of Stanford Business School felt less social pressure and gravitated toward misfit startups. In the U.S. the best entrepreneurial hives offer the most social mobility: New York City, the New South, the West.
omeng
Jan 2, 2006, 10:29 AM
Happy new year and more moolah to all!
SILENTMAX
Jan 2, 2006, 03:06 PM
2006... year of the underdogs :D
omeng
Jan 2, 2006, 08:38 PM
he he..
It's Year of the Fire Dog.
Swerte daw yung mga maiinit na items/products.. like "sili at paminta". :D
Trevi
Jan 2, 2006, 10:49 PM
Happy New Year to ALL !!!!
Was out-of-commission ofr a long time due to more (unexpected) work after Xmas and a freak accident. But all is well..nothing can dampen hopes for the coming year.
@Omeng tuloy na natin ang EB ng thread. I will call you on Wednesday.
SILENTMAX
Jan 3, 2006, 11:52 PM
tuloy natin yan Get Together :)
thought for the day
"If you measure the size of your Ego to the size of your knowledge or what you assume you know, then you should always try to remember that your ignorance is infinitely larger, then any knowledge you have. "
and on the lighter side para pang tangal nang negativity....
Life is a cycle that begins and end with art. The many challenges life presents supply our sustenance to move on despite failures. Life, as art, demands vision, planning, organization, goals and a heart to do what is right- anyway. At the end of the day, we look back to examine what we have done; and look forward to what we can do better."
omeng
Jan 5, 2006, 01:38 PM
We are joining a culture of patriotism!
A vision come true…
BAHAY ENTREPINOY
Isang Malaking Bahay para sa Maliliit na EntrePinoys!
Mga Produktong Pinoy sa Iisang Bubong!
Produkto mo, Malayo ang Mararating Dito!
Negosyo sa Gustong Magnegosyo!
A well-built business center to dignify EntrePinoys
and their creativity!
A haven of proudly made Filipino products in the
manufacturing and processing businesses!
A huge marketing venue for the 99.7% Micro & Small
Enterprises in the Philippines located at the center
of Philippine business and trade!
The investment and shopping paradise of Filipino
products for investors, tourists, expats,
entrepreneurs abroad, fellow entrepreneurs, local
traders, balikbayans and kababayans!
A business incubator for EntrePinoys in their vision
to reach the global market!
A one-stop-shop for Filipino products. Reasonably
priced! All amazingly Filipino!
The Association of Bahay EntrePinoy’s solution to the
call for support of the Philippine Government attuned
with the SME Development Plan 2004 – 2010!
MAJOR CRITERIA FOR SUB-LEASE AT THE BAHAY ENTREPINOY
1. Business asset size should not be more than 15
million pesos;
2. Must be in the manufacturing and processing
business and in the case of agri or aqua related
products, the enterprise should be the direct
producer;
3. Must be a member of the Association of Bahay
EntrePinoy; (Membership orientation upon inquiry)
4. Products must be in the following categories: Food
Industry, Organic and Natural Products, Marine
products, Wearables, Leather Goods, Home Furnishings,
Construction Materials, Micro-Electronics, IT
Services, Motor Vehicle Parts and Components, Music
Records for OPMs, Film or Audio Video Production
Industry and Literature;
5. Business must be duly registered.
MAJOR FEATURES OF BAHAY ENTREPINOY
1. Activity Area for promotions and other
sales-related activities
2. Customer Service Area
3. Stock Room or Warehouse inside Bahay EntrePinoy
4. Gazeebo Cafe
5. Business Center complete with business facilities
6. Business Lounge
7. Business Lockers
8. Conference Rooms
9. Filipino Firsts Area (Inventions and its Inventor)
10. Celebrated EntrePinoys and their products Hall
11. Philippines Pride Zone
12. Only in the Philippines Features
HOBBIES OF ASIA MALL, THE MALL LIKE NO OTHER!
The first-ever concept for the changing needs of all
hobbyists alike to have a center for their personal
needs on a large scale. More than five hectares of
shops and facilities designed to give you a general
understanding of the unlimited elements of all
hobbyists’ need. Truly the Hobbyist Haven in Asia!
One of the best places for business! Located near
Manila Bay where the famous Philippine tropical sun
sets, and just a few minutes drive from Makati City.
The Hobbies Of Asia puts you and your business in a
prime location where you can be sure of your
investment.
The Hobbies of Asia management has leased-out a 1,180
sq. m. block to the Association of Bahay Entrepinoy
(ABE) through 777 Trade Events Management and Services
(TEMS), Inc. The 777 TEMS, Inc. has made available at
the EntrePinoy City a total of 107 stalls with a floor
area of 5 sq.m each to be sub-leased to ABE
member-entrepreneurs to display, sell and market their
products or services.
Other blocks in the Hobbies of Asia Mall include Pet
City, Lifestyle City, Sports City, 8 Macapagal Square,
Bazaar Area, The Grand Metropole and a Church.
THE ASSOCIATION OF BAHAY ENTREPINOY
How it started & Its Future!
A group of “pro-active” micro and small entrepreneurs
whose thrust is the upliftment of their enterprises
through unifying activities attuned to the
government’s SME Development Plan for 2004 - 2010.
With the challenges in the Philippine economy, rather
than complain and blame government, Ms. Zenaida Umbal,
a producer of religious items with her fellow
entrepreneurs assisted by Center for Small
Entrepreneurs, Ms. Tess Domingo, an exporter of house
decors, Mr. Al Arriesgado, a manufacturer of religious
items and Ms. Desiree Segovia, a social entrepreneur
thought of doing a marketing activity that would bring
them profit for the holiday seasons. During the
initial meetings, the three planned and agreed on a
congregate trade fair to be held in several malls in
Metro Manila.
Since Ms. Umbal is a mall tenant and an event
management specialist, she would occasionally receive
from different mall management leasing and events
invitations. The Hobbies of Asia Mall was among them.
Ms. Umbal started her inquiries for possible venues
with the Hobbies of Asia Mall located along Diosdado
Macapagal Avenue in Roxas Boulevard. During the
ocular, Vice President for Marketing and Special
Projects, Mr. Joey Romblon offered a block to Ms.
Umbal to be called “The EntrePinoy City”. After
discussions, assessments and calculations, Ms. Umbal
requested management to hold a mini-trade fair,
Pamaskong EntrePinoy Night Bazaar to attract other
entreps to join them in their business venture with
the EntrePinoy City and impart with them the vision
that they have for their fellow entrepreneurs --- the
creation of “Bahay EntrePinoy”.
They visualized “Bahay EntrePinoy” as a permanent
venue to showcase diverse Filipino products from the
different manufacturing and processing companies by
micro and small enterprises.
Depressing experiences have it that entrepreneurs
would be strained to close shop or resolve to
desperate means just to pursue their dreams on their
businesses, more often than not, causing unfavorable
consequences to their enterprises. Not spared to these
practices were Ms.Umbal and her contemporaries in the
Association of Commemorative Companies. They worked
together and helped each other, grew their businesses
and maneuvered it to new heights. Ms. Umbal wants to
share this victory to other entrepreneurs and believes
that despite the challenges in our economy today or in
the future, it is only through this strategy that we
can sustain profitability in our businesses.
Thus, the formation of the Association of Bahay
EntrePinoy with Ms. Umbal as Founding Chairman. The
name “Bahay EntrePinoy” was conceived by Ms. Umbal in
one of her exhibitions in Canada.
The “Bahay EntrePinoy” is initially the identity
project of the Association of Bahay EntrePinoy. Other
developmental projects are in the offing that are
geared towards the achieving of global competitiveness
and enterprise sustainability of the micro and small
entrepreneurs.
ASSOCIATION OF BAHAY ENTREPINOY
Board of Trustees
ZENAIDA P. UMBAL – Founding Chairman
DESIREE T. SEGOVIA – Secretary
EVELYN M. GAYOD – Corporate Treasurer
WENIFREDA DIZON – Trustee
BERNARDITA YUNSAY - Trustee
2005 PIONEER OFFICERS
TERESITA DOMINGO, President
WENIFREDA DIZON, Vice President – Internal Affairs
MARLENE SARMIENTO, Vice President – External Affairs
AGNES GRANA, Treasurer
AU ARRIESGADO, Auditor
ARCHIE ARMADA, PRO
For inquiries:
777 Trade Events Management & Services, Inc.
(the marketing consolidator and management arm of
Bahay EntrePinoy)
The EntrePinoy City
Hobbies of Asia Concept Mall, Diosdado Macapagal
Avenue
Roxas Boulevard, Pasay City
MetroManila, Philippines
Email address:
bahayentrepinoy777@yahoo.com
Contact numbers:
0920-406-6392
0918-436-0211
0916-750-7220
0919-877-8119
0915-694-9095
omeng
Jan 5, 2006, 01:40 PM
Pressure Breeds Success
by Donald J. Trump
Chairman, Trump University
The best way to have an edge is to live on one.
-- Donald J. Trump
I’ve already written about complacency and how it can ruin your chances for success. It’s the same as being in a rut and deciding to stay there. That’s why I advise people to live on the edge. It’s the opposite of complacency; you have to learn to think on your feet.
Ever notice how your senses are heightened when you are in challenging situations? You're experiencing an adrenalin rush that gives you extra energy. If you see every day as a challenge, you’d be surprised how efficient you can become, and how much can be accomplished. People often say they “hit the ground running,” which is another way of saying they did their prep work and were ready.
One recurrent lesson on The Apprentice teaches candidates to think quickly. They are under a time constraint, but it’s important that they also have a Plan B in line. If Plan A doesn’t work, they’re prepared for it and they won’t lose much time. They are learning to think ahead, to be prepared, and to cover their bases. These are basic ingredients for success in business.
When I started out in business, I spent a great deal of time researching every detail that might be pertinent to the deal I was interested in making. I still do the same today. People often comment on how quickly I operate, but the reason I can move quickly is that I’ve done the background work first, which no one usually sees. I prepare myself thoroughly, and then when it is time to move ahead, I am ready to sprint.
Being able to think on your feet is the result of training and discipline. You can’t sprint unless you have built up the stamina to do so. Building stamina is up to you. If you don’t work at it, it’s not going to happen by wishful thinking. You have to dedicate yourself to it every day. In other words, set a goal and work towards it. Athletes know that no one else can do the training for them. Business people should have the same discipline. You have to be self-reliant.
Have you ever said to yourself, “I wish I’d thought of that!”? One way to learn to think on your feet is to ask yourself what you should be thinking of this very moment. Do it right now. You’d be surprised how many good ideas you might have, if you’d give yourself the chance to think about them. Thinking takes time. It’s the preparation for being able to think on your feet. First things first: First we walk, then we run, then we sprint.
Thoreau said: “I know of no more encouraging fact than the unquestioned ability of a man to elevate his life by conscious endeavor.” That is not only an encouraging statement, it is also an empowering one. It means you can accomplish a lot by applying your brainpower and then moving forward with it. Thought without action won’t amount to much in the long run. Those great ideas you have will remain great ideas unless you actively do something with them.
Don’t wait for dire circumstances to test your quick-thinking ability. Test yourself daily. Be alert at all times. As Napoleon said: “A leader has the right to be beaten, but never the right to be surprised.” See yourself as a leader—starting right now. It will mean you are self-reliant and responsible, and you won't be unpleasantly surprised by the vicissitudes of life, whether you are in business or not. Being prepared cannot be overestimated, and if you want to hit the big time running, you’d better be able to think on those feet of yours. So let’s get going!
omeng
Jan 6, 2006, 01:22 PM
Quote of the day;
"If it's TO BE, it's UP TO ME!"
Kate_Jones
Jan 6, 2006, 03:54 PM
nice quote! What business are you into Omeng?
omeng
Jan 6, 2006, 05:04 PM
^ Thanks, Kate. I got that nice quote when i attended a seminar from "Peak Performer" entitled "Success Plus".
I printed then framed it into my front door office, that is why, when trouble comes like yesterday, I will be reminded by this.
Full version is (center);
"Kung may
dapat mangyari,
sa
akin
naka-depende!"
----------------
"If it's TO BE,
it's
UP TO ME!"
By the way, im selling philippine islands to foreigners.
http://i9.photobucket.com/albums/a99/omengski/samarresort.jpg
www.islandsproperties.com
gustymoon
Jan 6, 2006, 07:46 PM
Hi Omeng. Are you the owner of the islandsproperties portal ?
omeng
Jan 7, 2006, 08:32 AM
No. I'm just a bookeeper. :D
travy
Jan 7, 2006, 08:48 AM
Pressure Breeds Success
by Donald J. Trump
Chairman, Trump University
The best way to have an edge is to live on one.
-- Donald J. Trump
I’ve already written about complacency and how it can ruin your chances for success. It’s the same as being in a rut and deciding to stay there. That’s why I advise people to live on the edge. It’s the opposite of complacency; you have to learn to think on your feet.
Ever notice how your senses are heightened when you are in challenging situations? You're experiencing an adrenalin rush that gives you extra energy. If you see every day as a challenge, you’d be surprised how efficient you can become, and how much can be accomplished. People often say they “hit the ground running,” which is another way of saying they did their prep work and were ready.
One recurrent lesson on The Apprentice teaches candidates to think quickly. They are under a time constraint, but it’s important that they also have a Plan B in line. If Plan A doesn’t work, they’re prepared for it and they won’t lose much time. They are learning to think ahead, to be prepared, and to cover their bases. These are basic ingredients for success in business.
When I started out in business, I spent a great deal of time researching every detail that might be pertinent to the deal I was interested in making. I still do the same today. People often comment on how quickly I operate, but the reason I can move quickly is that I’ve done the background work first, which no one usually sees. I prepare myself thoroughly, and then when it is time to move ahead, I am ready to sprint.
Being able to think on your feet is the result of training and discipline. You can’t sprint unless you have built up the stamina to do so. Building stamina is up to you. If you don’t work at it, it’s not going to happen by wishful thinking. You have to dedicate yourself to it every day. In other words, set a goal and work towards it. Athletes know that no one else can do the training for them. Business people should have the same discipline. You have to be self-reliant.
Have you ever said to yourself, “I wish I’d thought of that!”? One way to learn to think on your feet is to ask yourself what you should be thinking of this very moment. Do it right now. You’d be surprised how many good ideas you might have, if you’d give yourself the chance to think about them. Thinking takes time. It’s the preparation for being able to think on your feet. First things first: First we walk, then we run, then we sprint.
Thoreau said: “I know of no more encouraging fact than the unquestioned ability of a man to elevate his life by conscious endeavor.” That is not only an encouraging statement, it is also an empowering one. It means you can accomplish a lot by applying your brainpower and then moving forward with it. Thought without action won’t amount to much in the long run. Those great ideas you have will remain great ideas unless you actively do something with them.
Don’t wait for dire circumstances to test your quick-thinking ability. Test yourself daily. Be alert at all times. As Napoleon said: “A leader has the right to be beaten, but never the right to be surprised.” See yourself as a leader—starting right now. It will mean you are self-reliant and responsible, and you won't be unpleasantly surprised by the vicissitudes of life, whether you are in business or not. Being prepared cannot be overestimated, and if you want to hit the big time running, you’d better be able to think on those feet of yours. So let’s get going!
grabe, na encourage ako!
omeng
Jan 7, 2006, 08:53 AM
I was, too.
So when is EB? :D
Trevi
Jan 7, 2006, 11:35 AM
@omeng, please provide me your contact no(s) thru my friendster account please. Lost your contact no(s) and my PM file is inundated with msgs. I do not know how to make a folder for them yet.
You know i would have come around to doing the EB, If you read my previous post, I said I was unexpectedly busy - (i am setting up a new extension office for my husband) as we all are and I had a freak accident, so no reason for the :D smiley, i take offense, really.
I beg your indulgence for the personal post. No way to contact Omeng but by this board.
Hello to all.
Trevi
Jan 7, 2006, 11:43 AM
My mantra for the past three weeks.
"Nothing will ever be accomplished if all possible objections must be first overcome" - said to me by my better half (a saying by Samuel Johnson)
Trevi
Jan 7, 2006, 11:49 AM
With your permission, Omeng, may I post a quote, please :
Failure after long perseverance, is much grander than never to have a striving good enough to be called a failure. - George Eliot.
omeng
Jan 7, 2006, 10:19 PM
^ no pun intended madame'. :(
check your friendster.
nice quote, by the way.
omeng
Jan 9, 2006, 02:53 PM
“You know you are on the road to success if you would do your job, and not be paid for it.”
— Oprah Winfrey
beefnmushroom
Jan 10, 2006, 10:58 AM
By the way, im selling philippine islands to foreigners.
is it a good idea to sell philippine islands to foreigners? i understand that they have the purchasing power, but after several years, how many among the 7107 islands will still belong to the philippines?
just a question, please don't take offense.
GOwin
Jan 10, 2006, 11:59 AM
Today's issue of the businesssworld has special reports about the Barangay Micro Business Enterprise Law.
is it a good idea to sell philippine islands to foreigners?
I think they really can't own the land. Either they buy it under the names of their Filipino spouses, or the land may be bought by companies owned by a Filipino majority.
omeng
Jan 10, 2006, 05:31 PM
is it a good idea to sell philippine islands to foreigners? i understand that they have the purchasing power, but after several years, how many among the 7107 islands will still belong to the philippines?
just a question, please don't take offense.
:D
In overall aspect, it is good.
Imagine boracay when it was bare. I'm sure you got my point.
omeng
Jan 10, 2006, 05:34 PM
I think they really can't own the land. Either they buy it under the names of their Filipino spouses, or the land may be bought by companies owned by a Filipino majority.
mismo. ;)
travy
Jan 10, 2006, 06:00 PM
can somebody explain this Barangay Micro Business Enterprise Law
perkins
Jan 11, 2006, 01:57 PM
these implementing rules and regulations fairly explains the law.
http://72.14.203.104/search?q=cache:YKtyfV4csE8J:www.dti.gov.ph/
please take note the the texts of article III dubbed INCENTIVES AND BENEFITS that quite institutionalizes some of the practices in the underground economy.
however, we have yet to see a fully implemented BMBE rules and regulations as at this point.
perkins
Jan 11, 2006, 01:57 PM
these implementing rules and regulations fairly explains the law.
http://72.14.203.104/search?q=cache:YKtyfV4csE8J:www.dti.gov.ph/
please take note the the texts of article III dubbed INCENTIVES AND BENEFITS that quite institutionalizes some of the practices in the underground economy.
however, we have yet to see a fully implemented BMBE rules and regulations as at this point.
GOwin
Jan 12, 2006, 09:18 AM
perkins, what do you mean by fully implemented BMBE IRR?
perkins
Jan 12, 2006, 11:39 AM
i mean implemented in practice down to the government clerks that should to hand out the BMBE application.
there are still provincial town halls that has not even application forms, moreso, BMBE information or directives to make it known to underground entrepreneurs.
i hope the same is not true to cities and provincial capitols.
please enlighten me in this regard, but i have yet to see a good advertisement by the DTI trumpeting BMBE.
GOwin
Jan 12, 2006, 12:22 PM
There really isn't any visible effort to promote BMBE registration. At DTI, you'd find some pamphlets but that's it. At the Mandaluyong city hall, (as all LGUs should be) just proceed with the local Treasurer's office.
i have only dealt with Mandaluyong LGU, though it took them longer than 30 days (and the law says that if the application process takes longer 30 days, applicant are deemed automatically registered.)
When I had questions, they had to refer me to a DTI office who decided to refer me to the BIR.
I noticed that the application form from Mandaluyong was in the same format that is downloadable from the Internet.
omeng
Jan 12, 2006, 01:55 PM
trevi, pm me ur number. thanks
eveRything
Jan 12, 2006, 07:18 PM
anyone here who has started a juicebar businesS? either Fruitas or Bugnaw type juicebars :)
Trevi
Jan 13, 2006, 05:48 AM
Hello to all.
@omeng sent you my contact no(s).
travy
Jan 13, 2006, 05:55 PM
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travy
Jan 13, 2006, 06:00 PM
Did you know that businessmen made huge profits from outsourcing their products in other countries instead of manufacturing it locally? If you are looking for suppliers or manufacturers in China but don’t know where and how to start … I can help. To receive FREE newsletter, email: outsource.biz@gmail.com
Trevi
Jan 17, 2006, 08:50 PM
Hi to all entreps.
We are pushing through with the mini EB on Saturday the 21st. Omeng will finalize the details by tommorrow. I will provide the venue. Omeng will come out with a blanket invite soon.
Welcome home tennisace!
tennisace
Jan 17, 2006, 11:16 PM
M.Trevi
Thank you. It's always good to be home. I look forward to meeting my fellow pinoy entreps this Saturday.
Trevi
Jan 18, 2006, 06:14 AM
Did you know that in BRGY. SAN ANTONIO, PASIG (aka Ortigas) a BARANGAY ORDINANCE No. 3 was approved last December 8, 2005 requring ALL business owners INSURANCE for their premises !!!!! Ano ba iyan? This is really FISHY. This is what they call a lightning ordinance. I couldnt help it - I called the Brgy., office yesterday and asked directly if we were compelled to get our insurance from the äccredited" insurance companies listed in the letter/ordinance (rates MUCH higher). I also asked if the companies were chosen because they gave competitive rates, OR THAT attractive commissions are given to the Brgy.,(for fund raising activities) / person in charge. Additional cost to businessmen : approximately P500.00 per 20 sq. meters. With ALL permits to be renewed at this time of the year, It is no wonder that most if not all start in the RED.
IIt gets more and more expensive doing legitimate above the board business.
Bad way to start the day..But you do have to understand, that for every check/centavo you put out for the business that is totally uneccessary (at least for me) is really OUCH !!!
Ignore the rantings of an old woman. :-)
SILENTMAX
Jan 18, 2006, 08:10 AM
@ trevi
i feel your pain. will be getting mayors permit next week along with other things. i heard bpi/msi is affordable insurance wise.( that is if they dont require you with acredited agencies)
i was once faced with this dillema with acredited fire extinguisher providers when i had a branch in dasmarinas. i just bought a cheaper one(that wasnt accredited) and said to the inspector. "sensya na boss meron na ako fire extinguisher"
naka lusot naman.
@ tennisace welcome home to the philiphines!!!! this is where your heart is!!!! dont forget to buy loads of stuff here. a little bit of your outside funds goes a long way if you spend it in the philiphines!!!
heheheheh parang promotor na ba?
oh yeah i heard something of a speaking engagement this saturday. parang conference style ba? :D
aphyist
Jan 18, 2006, 11:27 AM
good daY! my first post... i just graduated from college, i'm now working in an IT company. Please help me guys! I want to start a small business... my capital is about 200K... any suggestions? i want to tray franchising... Zagu perhaps! Any violent reactions? thanks a lot guys....
tennisace
Jan 19, 2006, 11:30 AM
@ tennisace welcome home to the philiphines!!!! this is where your heart is!!!! dont forget to buy loads of stuff here. a little bit of your outside funds goes a long way if you spend it in the philiphines!!!
heheheheh parang promotor na ba?
oh yeah i heard something of a speaking engagement this saturday. parang conference style ba? :D
S.Max
"welcome home to the philiphines"
----- Thanks. It's always good to be back and bathe in sweat because of the ungodly heat while inhaling the aromatic scent of polluted air. :rotflmao:
"this is where your heart is!!!! "
----- Not quite. It's with my wife and children.
"dont forget to buy loads of stuff here. a little bit of your outside funds goes a long way if you spend it in the philiphines!!!"
----- That's precisely the idea behind the trip. Hopefully, we can turn a little bit into a humungous chunk.
"oh yeah i heard something of a speaking engagement this saturday. parang conference style ba?"
----- Whoa! Nobody said anything about a speaking engagement, much less a conference. :eek: I'm just here to schmooze and engorge myself with free food and coffee. I don't think anyone will be interested in my bulsyet stories. In fact, I know of one person here who is already sick and tired of listening to my rants.
Kleenex, anyone?
Trevi
Jan 19, 2006, 09:10 PM
@Omeng, still waiting for you to post a general invite.
omeng
Jan 20, 2006, 09:21 AM
good morning to all Young entrep.
EB will be tomorrow, 5pm, saturday, jan 20. (will be hosted by miss trevi)
venue is prestige tower, unit 507, emerald avenue - pasig-ortigas. (fronting starbucks of emerald building.)
you may contact this mobile number, 0917 848 7329.
please confirm your atendance today. (so far, 7 person confirmed their attendance.)
need your real name for booking purposes at the guard.
thanks and see you there.
omeng
p.s.
we can bring some food or we can just order at mcdo/jolibee. small snacks will be provided and coffee.
Quote of the day;
"What is 100 bucks?"
omeng
Jan 20, 2006, 09:26 AM
silentmax,
i invited rey (airconman), so that we can also discuss the possible project in your town.
tennisace, no tissue here, all napkin. :lol:
travy
Jan 20, 2006, 09:55 AM
^^
sat jan 21?
omeng
Jan 20, 2006, 10:45 AM
oooppps.. yes, its jan 21. sorry. lost track of date due heavy load of work. :D
omeng
Jan 20, 2006, 04:20 PM
Startup Secrets of the Successful
By Pallavi Gogoi
What does it take to become an entrepreneur and get your business off the ground? Here are some tips from those who have done it. Rhonda Kallman will tell you how exhilarating it is to reinvent yourself. She's on her third career now. She started as an administrative assistant at Boston Consulting Group and then co-founded Boston Beer Co. (SAM ) in 1985, introducing Samuel Adams, one of the most successful new beers of recent times. Today, with an initial investment of $200,000, she's founder and CEO ofthe New Century Brewing, which in September, 2001, introduced Edison,the only patented light beer found on the shelves at Trader Joe's grocery stores. She recently also launched Moonshot, a beer with caffeine. "It's the beer that picks you up and keeps you awake," says Kallman. Starting a business sure is an exciting undertaking. But before you make the big move to starting your own second act, check out these tips offered by entrepreneurs:
1. Experience counts. First off, people who have already had a career -- whether it's at a corporation or even running their own business like Kallman did -- have a distinct advantage. They come with a ready-made set of skills and experiences to draw upon. "Many have had training in marketing, budgeting, accounting, managing projects, and inventory management, and that gives them an easier start than those without any experience at all," says Joy N. Ott, regional president for Wells Fargo Bank, a big lender to small businesses.
2. Fund the dream yourself. A big plus from a financial stand point is that entrepreneurs who have had a corporate career can tap into savings, an early retirement package,or even a 401(k) account to start the businesses. Startup money and work experience are key to securing bank loans, says Maria Coyne, executive vice-president at Key Bank and head of Key4Women, the bank's women-owned-business program. "They already have skin in the game,and that's a distinct advantage," says Coyne. At times the work experience and initial seed money can also help in securing the federal Small Business Administration as a guarantor in a commercial loan. And make sure you have enough reserves left for the odd curve ball that the new business might throw at you.
3. Oodles of patience. Experience and seed money are great, but they don't guarantee success. Even Kallman, who's on her third career, says it's hardly a cake walk, and the first thing entrepreneurs have to keep in mind is that the road to success is long and arduous. "It definitely takes twice as much time than you will anticipate," she says. Today, after four years in her latest venture, she sells 35,000 cases of Edison beer, admitting that it's only half of what she was hoping she would sell in that time frame. Then she remembers that even Sam Adams took eight years to become a truly national beer that was available in every supermarket chain in the country.
4. New challenges. When Kallman got into the beer business, little did she know that just to reach the consumers who would buy the beer,she would have to understand a three-tier system of distribution --brewery to distributor to retail shelves. "You have to jump through many hoops to get your product to the consumer," says Kallman. Then she learned that every state has different sets of laws and pricing, and that her company needed 50 different wholesaler brewing permits to meet various licensing requirements. That's on top of challenges from the big guys such as Anheuser Busch(BUD ), which makes Budweiser and wields tremendous influence on vendors whose livelihood depends on distributing the top-selling beers. At times, some vendors would say "Sorry, we can't carry your beer anymore."
5. Get a lawyer and an accountant. To prepare for such experiences, find an attorney and a CPA who will put the processes in place to get the business on a solid footing. Many entrepreneurs recommend tapping immediately into local business councils and chambers of commerce for referrals.
6. Network, network, network. You want to get clients, expand your business, and hire employees. How do you do that? Networking is more critical than ever when you own a small business. "Get referrals from your former clients, and even join their organizations so that those members can be your clients," says Linda Hunt, president and founder of Sum Solutions, a financial planning company in Trumbull, Conn. She started Sum after a 12-year careermat Pitney Bowes, which provides business consulting. Such referrals, Hunt found, also made her job easier, since she had already served a client in the same industry.
7. Diversify. Even if it doesn't seem as if all your eggs are in one basket, think about diversity. Hunt's business sees spurts of clients in the same sector, usually because of referrals. And at one time Hunt looked at her portfolio and saw that she had architects, real estate agencies, builders, and interior designers -- all clearly tied to the housing market. She quickly decided that unless she wanted to be hit by any downturn in that business, she had better diversify her client portfolio quickly.
8. Build it and they might not come. Marketing is critical. "There are just so many choices out there," says Kathy Charlton, a former senior executive at Texas Instruments (TXN) and current owner of Olympic Cellars, a winery in Port Angeles, Wash. Indeed, Charlton says a new winery opens up almost every week in Washington State, so getting out the word is very important. Charlton joined the local visitors and convention bureau to showcase her wines and include a visit to the winery in their marketing materials. She also got involved in the local economic development council, where she got an expansion loan.
9. Wear many hats. Charlton says it's not that she was unprepared professionally. But she was unprepared for the variety of tasks --she worked the till at the bar, managed the finances, and learned how to make wines. Besides, at her corporate job she didn't feel like she was responsible for any lives. Now,she says, "I have two ladies who work with me and depend on me for their mortgage. That's huge."
10. Get innovative. Charlton is inventive when she wants work done. Because harvest season lasts only a few weeks, her small winery needs volunteers during that time to pick and crush grapes and assist with bottling. So she forms partnerships with local non-profits where volunteers can earn a bottle of wine for every hour they work. They can help earn money for their cause by auctioning off the wine at a fund-raiser that Charlton then hosts at the winery.
As you consider staging your second act, here are a few organizations that can provide help:
1. General information:Small Business Administration:www.sba.gov
2. Networking groups:Small Business Meetup Women can tap into organizations that support women-owned business such as www.nawbo.org and www.womanowned.com, among others.To join a local chamber of commerce, choose from a list atwww.uschamber.com 3. To get an accountant, you can tap into www.smallbizaccountants.com for ashort list and then double-check their backgrounds with your business contacts or ask them for referrals. 4. Ditto for lawyers, and you canget a basic list fromlawyers.findlaw.com 5. To find employees, you can advertise in local newspapers, or tap into the U.S. Employment Service, a national labor exchange, or browse the online job sites such as Monster.
omeng
Jan 20, 2006, 04:25 PM
KD, can you join us?
Trevi
Jan 20, 2006, 09:22 PM
Hi to all.
Since Omeng has already posted a blanket invite, allow me to thank in advance those who have confirmed their attendance to Omeng. I am most happy and pleased to host it in my place (info already given) and serve whatever I can in terms of snacks and refreshments, and hopefully, through this meeting establish fellowship among the posters in this forum.
For those who have confirmed, I am looking forward to meeting you all tommorrow.
I have a special invite to BeefnMushroom I hope you can jopin us.
@Omeng, I have finalized the list with bldg. security. I included the 4 others in case they decide to come.
omeng
Jan 21, 2006, 11:34 AM
see you all later guys.
don't forget the kleenex as requested by tennisace. :lol:
Krakista
Jan 21, 2006, 10:10 PM
'twas nice meeting all of you at the mini-EB.
Trevi
zerone
omeng
SILENTMAX
"Jet Lee" f1williams
April_Loves_Gin
tennisace
rey airconman
:bounce2:
:cheers:
SILENTMAX
Jan 21, 2006, 10:51 PM
that was great!!!
ayos sa pasahan nang KLEENEX!
i am recharged.... albiet a little bit more
gustymoon
Jan 22, 2006, 12:09 AM
I wasnt able to join EB. :mecry: rainchek Trevi. Goodluck on BZW. :)
omeng
Jan 22, 2006, 10:18 PM
It was nice seeing again.. krakista, f1williams, tennisace and silentmax.
It was nice meeting... trevi, zerone and april love gin.
rey and max, we need to close that deal. let's rock cavite. he he
miss bleh, your pm inbox was full. invitation did not reached you, sorry. wala din palang contact number yung uncle ko :(
miss trevi, thanks. just send me the bill to my old address. :lol: btw, extend my best regards to your man. ;)
f1williams, safe travel and all the best.
zerone, more moolah to your business.
krakista, once again, thank you for the CD (two years ago?). But i'm still waiting for the other CD with the barely. :D
tennisace, till we meet again. i just hope di ka hinold ng mga immigration officers.. he he
miss april, say my hi to daddy.. cough cough. just kidding. :lol: btw, can you pm me your requirements, so that i can arrange it with my uncle? thanks
pinkwriter, sayang po, di kayo nakaabot. di bale may next time pa naman.
hello sa mga di naka-attend na rin.
omeng
Jan 22, 2006, 10:24 PM
It was nice seeing again.. krakista, f1williams, tennisace and silentmax.
It was nice meeting... trevi, zerone and april love gin.
rey and max, we need to close that deal. let's rock cavite. he he
miss bleh, your pm inbox was full. invitation did not reached you, sorry. wala din palang contact number yung uncle ko :(
miss trevi, thanks. just send me the bill to my old address. :lol: btw, extend my best regards to your man. ;)
f1williams, safe travel and all the best.
zerone, more moolah to your business.
krakista, once again, thank you for the CD (two years ago?). But i'm still waiting for the other CD with the barely. :D
tennisace, till we meet again. i just hope di ka hinold ng mga immigration officers.. he he
miss april, say my hi to daddy.. cough cough. just kidding. :lol: btw, can you pm me your requirements, so that i can arrange it with my uncle? thanks
pinkwriter, sayang po, di kayo nakaabot. di bale may next time pa naman.
hello sa mga di naka-attend na rin.
Trevi
Jan 23, 2006, 05:19 AM
It was nice meeting... trevi, zerone and april love gin.
rey and max, we need to close that deal. let's rock cavite. he he
miss trevi, thanks. just send me the bill to my old address. :lol: btw, extend my best regards to your man. ;)
Hi to ALL.
It was nice meeting all of you. You were all good company.
@Omeng - Cavite IS my Province. (Pls refer to MAX why) Make sure that whatever it is you will be doing with Rey and Max will benefit a lot of my kabababayans and not just a few..err... politicians :D ) Bill?? Surely, with the millions coming in..you CAN afford to pay... as you say..., what's a hundred bucks??? :lol: I don't expect business in the future as you absolutely have no need for my services :)
@Tennisace, F1Williams, Krakista, Zerone, Max, Rey (time to get a Nick) ... Good luck on all your endeavors.
@April special thanks to you for taking the time out to join this EB. Without your presence, the EB would have been like a cub scout meeting with me as the Den mother :rotflmao:
And for those who were supposed to come, but didnt make it there will hopefully be a next time. :)
omeng
Jan 23, 2006, 10:04 AM
^ re services of yours, who knows? baka kailanganin ko rin. as of this time kasi, my biz consultant is one of the best, that it's why, i pay him 20% of my net income. and when its negative, he's the one paying me that same percentage. :lol:
Trevi
Jan 23, 2006, 03:24 PM
If you say that he's one of the best, that's tennisace.....I pale in comparison.
SILENTMAX
Jan 23, 2006, 06:19 PM
mam dont sell yourself short i was quite empresed by your skills i hope someday when i can afford your fee's i will take it upon myself to call you to profesionalize my operations. (maybe someday i can afford a bmw rin like one of your clients ;) )
@ omeng. theres already 8 bidders and theyre thinking of closing the biddings na. 8 prospects to evaluate seam to be a little too much for them already. ill still see what i can do.
beefnmushroom
Jan 23, 2006, 08:40 PM
I have a special invite to BeefnMushroom I hope you can jopin us.
thanks for the special invite :)
Trevi
Jan 23, 2006, 08:57 PM
@Max - my kababayan, some UNSOLICITED advice... :hmm: Collusion is the operative word :D You might get your 3S bimmer soon....and sabi nga sa "Who wants to be a Millionaire" na game show..you might want to call a friend......or friends........... :D
mam dont sell yourself short i was quite empresed by your skills i hope someday when i can afford your fee's i will take it upon myself to call you to profesionalize my operations. (maybe someday i can afford a bmw rin like one of your clients ;) )
@ omeng. theres already 8 bidders and theyre thinking of closing the biddings na. 8 prospects to evaluate seam to be a little too much for them already. ill still see what i can do.
omeng
Jan 23, 2006, 11:22 PM
@ Silentmax
Ganun ba? Keep us posted please. Rey asked his staff to get the blue print.
@ Trevi
I need more kleenex please. :D By the way, i happened to saw this "PARES Mami House" in quezon city, is that the one? or knock off?
omeng
Jan 23, 2006, 11:44 PM
Understanding Trademarks and Patents
This provides knowledge on better comprehension on issues about trademarks and patents.
Training fee: Php 50.00
January 26, 2006
Venue: Philippine Trade Training Center at Roxas Blvd.
Organizer: PTTC
Contact Person : Imelda Nieves
Contact Numbers : (632) 831-9988 / 834-1344 to 49 loc. 317
Email: tbmd@pttc.gov.ph
omeng
Jan 24, 2006, 12:20 AM
:naughty: :bop:
http://i9.photobucket.com/albums/a99/omengski/bootcamp.jpg
Dream it. Plan it. Do it.
Join the 1st Entrepreneur BootCamp®
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If your goal is to make your business stronger and more profitable, or make it more desirable to sell when you decide to retire, you can't afford to miss this. You will not only know what to change in your business to become a destination, but you will know what to do next, and you will have the tools to get there.
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This internationally accredited program is a comprehensive course designed to give existing and potential small business operators the edge in the skills leading to success.The program covers a range of management practices necessary to operate a small business in an increasingly complex business environment.
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PoshBoss
Jan 24, 2006, 12:51 AM
[/QUOTE]Baka merong may Medical Transcription company dito na pwedeng tumulong I am interested in putting up a medical transcription business but I'm finding it hard to look for transcription foot pedals. There are a lot online pero sa U.S. yun. I'd like to know if there are suppliers here sa 'Pinas or if I really have to purchase abroad. Thanks.[QUOTE]
Hi Crab Sushi, I have medical transcription projects, baka you are interested. Send me your terms and pricing.
Krakista
Jan 24, 2006, 05:27 AM
krakista, once again, thank you for the CD (two years ago?). But i'm still waiting for the other CD with the barely. :DSo was it two years ago that we had our last EB? :lol: Anyway, I'll prolly also do a business resources compilation CD for distribution to attendees just like what we do with our Mandarin Toastmasters where learning materials, dictionaries, and translators are distributed to members.If you say that he's one of the best, that's tennisace.....I pale in comparison.To paraphrase what he said, see things as they could be and not simply what they are ....
SILENTMAX
Jan 24, 2006, 08:43 AM
o i passa naman kay krakista yung kleenex :lol:
edit add:
tnx pala sa cd its very much appreciated :D
f1williams
Jan 24, 2006, 02:24 PM
It was great to meet all you guys. I hope that this isn't going to be the last EB. Sir tennisace will be back in 2 weeks, right?
Sir omeng, thanks a lot! Sana di nyo ako makalimutan pag OFE na ako. Nasaan ba *** kleenex?
Sir tennisace, really appreciate you sharing your insights and experience with us. We're currently firming up the business plan especially on marketing the product.
Miss Trevi, thank you for being a gracious host. Wishing you continued joy in your business of helping others. :) See you at the games. Our team will definitely rule this year! OBF!
Krakista, I might take you up on your offer when I get back. That's assuming I actually learn something. hehehe...
Zerone, please pm me your email. Usap tayo ulit minsan.
Silentmax, very honored to finally meet you. Much luck on your business.
Sir Rey, Miss april_loves_gin, til we meet next time. :)
Trevi
Jan 24, 2006, 07:33 PM
[QUOTE=f1williams]Miss Trevi, thank you for being a gracious host. Wishing you continued joy in your business of helping others. :) See you at the games. Our team will definitely rule this year! OBF!
[/QUOTE
Thanks for your good wishes f1williams :)
I will DEFINITELY see you at the games. My biggest challenge is to groom my sons to be KING EAGLE :D . Watch out for season(s) 79 - 85...Sabi nga ng Mommy ni Larry F.(onacier) who is a friend, "be careful what you wish for, you might just get it "......Sorry Omeng, na OT na.....I thought I was in the UAAP thread. Last na... May update na kay SIMON A. *okay*
Regards to all. :)
Krakista
Jan 24, 2006, 09:33 PM
Information Technology Outsourcing Transactions: Process, Strategies, and Contracts (http://rapidshare.de/files/11719328/Information_Technology_Outsourcing_Transactions.rar.html)
f1williams
Jan 25, 2006, 12:34 AM
Miss Trevi, mukhang maganda yang balita mo. :D Cge, sa tsimis thread natin ituloy. :)
Btw, would it be possible for me to contact your friend/client who's doing imports? I'm also looking forward to meeting his brother. We might be staying in the same city there. :)
Please just PM me. Your mailbox is full btw.
zerone
Jan 25, 2006, 03:06 AM
It was nice meeting you all last sat. i hope that there'll be a next eb soon? kelan kaya? and hopefully, more people can join us?
Miss Trevi: thanks for the dips. it was really really yummy! naubos ko na nga agad! :)
Omeng and Krakista: thanks sa CD. uhm.. di ko pa nacheck, busy kasi sobra lately, ano nga ba laman nun? hehe.
F1williams: when are u going to China? will just PM u my email add then.
Trevi
Jan 25, 2006, 05:39 AM
@F1williams - I will just host a small after-dinner mtg in my house. Its best to meet them instead of just an endorsement. Tell me when you want (weekday sana) so I can fix skeds. I have three friends all known to each other (one of them is what me and my better half was talking to you about) who are into China imports and export. I am very close to them and I am sure they will assist you in whatever way they can.
@Zerone - thanks for appreciating the dips. Next time the sauces naman.
@Omeng - I have been hearing about this CD, ano ba yan, EB give-away? seems like everybody has one except the Host? :mecry:
omeng
Jan 25, 2006, 08:55 AM
Hala, krakista, explain why ka. :D
omeng
Jan 25, 2006, 08:57 AM
double post. ;)
omeng
Jan 25, 2006, 11:30 AM
The 6th PHILIPPINE FOODCART BUSINESS TRADE EXPO is fast approaching. This will be held on February 17-19, 2006 at the PHILIPPINE TRADE TRAINING CENTER beside WORLD TRADE CENTER, Roxas Blvd., Pasay City.
If you are interested to become exhibitors, you can contact us at tel. no. 729-4449.
Call now few slots left and be a part of the " ONLY ORIGINAL ONE STOP SHOP FOR FOODCART BUSINESS AND FRANCHISING".
omeng
Jan 25, 2006, 11:38 AM
Quote of the day;
"What for? Most successful entrepreneurs I know are high school graduate." - tennisace
(It was addressed to a pretty young entrep that taking her MBA at Ateneo.)
f1williams
Jan 25, 2006, 01:00 PM
Miss Trevi, Zerone is also interested in joining us. Is that ok? Would Monday night be convenient for you?
tennisace
Jan 25, 2006, 02:33 PM
I’m still a bit groggy from jet lag and my luggage liked Hong Kong so much it stayed there for an extra day. Anyhoo, it’s back to the salt mines for me.
It was a privilege to meet some of the braintrusts of this thread and I am encouraged to see that the young guns of Philippine entreps are out there shooting the gallery!
Now, before I get in too much trouble, I’d like to elaborate on the quote attributed to me. I believe I said, “What for? (I’m not busting your chops; I’m just curious.) Most successful entrepreneurs I know are school dropouts.”
Of course, I meant no disrespect to our poster girl of entrepreneurial fortitude. I just wanted to understand her reasons for doing so.
The point I wanted to make but was unable to because I got sidetracked somehow was this:
It’s okay to spend time and money on getting an MBA as long as it’s paid for by the business (and thus tax-deductible) and it’s primary purpose is for the proper and progressive management of your business.
Don’t do it because you want a sterling qualification to run someone else’s business in case your business doesn’t work out.
First, you have to trust that you can make it work and that your business will work out. The smallest of doubt is like a small speck of rust that gradually eats up the metal of your confidence.
Second, if you can’t make your business work, what makes you think you can do a better job of making someone else’s business work, MBA’s notwithstanding?
And third, running someone else’s business is more difficult than running your own. Just think that your perspective is now someone else’s.
Now that I cleared that up, please pass the Kleenex. Besides, what’s $50,000?
omeng
Jan 25, 2006, 03:13 PM
:lol: .
jazzy
Jan 25, 2006, 05:59 PM
Questions business owners.
Im selling my retail business(single-proprietor) to a friend and he is eagerly interested.
1. What type of agreement(letter) should we prepare and sign on?
2. Is it difficult to transfer a business ownership?
3. What are the basic steps in transferring?
3. What are the fees that may incur on transfer?
Thanks and God bless your businesses!
gustymoon
Jan 25, 2006, 06:38 PM
Questions business owners.
Im selling my retail business(single-proprietor) to a friend and he is eagerly interested.
1. What type of agreement(letter) should we prepare and sign on?
2. Is it difficult to transfer a business ownership?
3. What are the basic steps in transferring?
3. What are the fees that may incur on transfer?
Thanks and God bless your businesses!
Its my first time to go into business. I bought one on-going business last month. Trevi helped me out on this.
tennisace
Jan 26, 2006, 12:23 AM
Questions business owners.
Im selling my retail business(single-proprietor) to a friend and he is eagerly interested.
1. What type of agreement(letter) should we prepare and sign on?
2. Is it difficult to transfer a business ownership?
3. What are the basic steps in transferring?
3. What are the fees that may incur on transfer?
Thanks and God bless your businesses!
I think the first question should be:
How much is the business worth, including its intrinsic value and goodwill?
tennisace
Jan 26, 2006, 12:57 AM
M. Trevi
You have a good heart and an honest motivation to help others succeed. No one says that an altruistic pursuit cannot coexist with the pursuit of business. As I've mentioned in our mini-EB which you gracioulsy hosted, money is simply a tool - a means to an end. In your case, let your business be a vehicle that will allow you to touch more lives. I know of medical specialists who get paid a ton of money for their expertise yet make no bones about offering their services for free when they feel its necessary. Maintain your focus on what you do best.
To All
I think it would be a good idea to have an EB at least two or three times a year. Nothing beats the experience, education and camaraderie of associating with your peers.
Trevi
Jan 26, 2006, 05:40 AM
M. Trevi
You have a good heart and an honest motivation to help others succeed. No one says that an altruistic pursuit cannot coexist with the pursuit of business. As I've mentioned in our mini-EB which you gracioulsy hosted, money is simply a tool - a means to an end. In your case, let your business be a vehicle that will allow you to touch more lives. I know of medical specialists who get paid a ton of money for their expertise yet make no bones about offering their services for free when they feel its necessary. Maintain your focus on what you do best.
.
Hi Tennisace. Thank you for your post. What you wrote is like a shot-in-the-arm for me. I know it can be done. Difficult but not impossible, as the say. Your kind words are truly appreciated. :)
Trevi
Jan 26, 2006, 05:53 AM
Miss Trevi, Zerone is also interested in joining us. Is that ok? Would Monday night be convenient for you?
Hi F1williams. Zerone is welcome to join us. When are you leaving? I will contact my friends later to ask their availability. I am not free Monday. Lets set it tentatively to next thursday Feb 2. Where in China nga pala will you go and what is your field / business of interest so I can tell them para naman prepared sila.
By the way, it ill be a BYOB night, SMB will be available, but if it is not your choice of poison, you will have to bring your own. :D
Trevi
Jan 26, 2006, 06:08 AM
Its my first time to go into business. I bought one on-going business last month. Trevi helped me out on this.
Hi Gusty. We got ourselves a very good deal on that. :) I've done my part..now comes the hard work...YOURS :rotflmao:
You are doing good. I talked to some of the clients and they are not even aware of the change in ownership..seamless..they just thought that the employees are well motivated (to give the extra service..read :ningas cogon)) - coming from the usual business/sales planning last Dec. he..he..he.. carry on.
Btw since you didnt make it to the EB last Sat., you can, join us on Feb 2. Don't worry its not yet the 3rd. so I wont bill you :D
Krakista
Jan 26, 2006, 07:56 AM
@Omeng - I have been hearing about this CD, ano ba yan, EB give-away? seems like everybody has one except the Host? :mecry:Hala, krakista, explain why ka. :DThose were actually leftovers of giveways in the last EB I did back in 2003. Well, still very much appreciated this 2006 so it hasn't depreciated. It's actually a compilation of technical references. You'll just have to wait for the next edition. I usually give these away unannounced.
Krakista
Jan 26, 2006, 09:35 AM
HBR, 01/06 (http://rapidshare.de/files/11841507/HBR-106.rar.html )
GOwin
Jan 26, 2006, 09:47 AM
Looks like you guys had a great time! I'm hoping I can join you next time, busy lang talaga with preparations for the outlet i'm opening. :)
And I second tennisace's suggestion to meet in perspn twice or thrice a year - or once a quarter. The thread is already good enough for day-to-day interaction and the EBs would be something we can all look forward to when comparing notes.
@krakista
what's that HBR link about?
Krakista
Jan 26, 2006, 10:01 AM
GOwin, it's about decision making.
omeng
Jan 26, 2006, 11:01 AM
Quote of the day;
I'f I'm going to be a symbol of something, I'd rather have it sex than some other things we've got symbols of." - Marilyn Monroe
GOwin
Jan 26, 2006, 11:12 AM
@krakista
Interesting. I'm browsing it now. :)
omeng
Jan 28, 2006, 07:05 PM
Train Your Brain or Cook Your Goose
by Richard Vegas
One day while in deep meditation and self analysis, a paralyzed man discovered the most important person he would ever meet in his life. He saw very clearly that HE was a "mind with a body". And, right then he made the most important decision he would ever make. Discover what it was.
Have you ever considered this, that probably one of the greatest advantages of the subconscious mind is it's ability to be "trained" or programmed?
Yeah, I can hear somebody saying now, "my mind is as trained as that Aflac duck" and it sounds like it too quacking at me.. That's not what I'm talking about. I'm talking about the ability to visualize your intended destination or goal.
Visualizing is just a form of imagery. Seeing pretty pictures in your mind. Everybody sees in pictures. We don't think in words, we think in pictures. If I say to you the word "dog", you didn't think the letters "d-o-g", you saw an image of that ugly mutt that you own. Don't get mad at me now, I'm just kidding, he's probably a pretty mutt. :>)
When you visualize what you want, this creates the tendency to get you on the right track and headed in the right direction. It gets you into action. Then your activities become fun and you are motivated to pay the price necessary to achieve your goals.
Yeah, but I'm special…..I'm already turbo charged!!
Yeah, you're a turbo alright. Listen, No one gets their body into action without their mind first orchestrating it. You may be turbo charged until you come up against a brick wall then your mind better kick in gear, or your body will strip a cog. You know what a cog is, don't you, turbo? he…he…
That's what the paralyzed man discovered. By the end of this article, you'll know what he did.
Opportunities Abound!
For you to think, study, and Plan. When you do, you'll organize your time, money and the more you meditate the more enthusiastic you'll become. The more enthusiastic you become, the more that enthusiasm turns into burning desire. That's when good things start coming your way.
You then are alerted to opportunities in your everyday life as they present themselves. Because you visualized what you wanted through thinking, studying, and planning first, in your subconscious, you are much more likely to recognize good things when they show up.
Suddenly, Something Happened!
This is where it gets good. Ok, it's time to find out what happened to our paralyzed friend. He was completely incapacitated late in life and barely able to move his body. He would have ended his life as a hopeless invalid if something hadn't happened to him. It brought the kind of joy and happiness that only comes from achievement and financial success.
The whole process came about when he realized he could train his brain. Yes, he said my body is paralyzed. But, my mind is not. He could think, plan, and meditate. And, one day while meditating he met that most important person.
That most important person was the recognition that the subconscious does not recognize the difference between truth and lie. He discovered his subconscious sees everything as truth. Especially if it is his thoughts or beliefs.
If he believed he couldn't, then that was truth. If he believed he could, then that was truth. And, his subconscious got his mind to organize what his family was able to do because his body was unable. And, he created a company that sold their products through every retail grocery store in America at the time when he was about to lose everything.
He decided to train his subconscious with images of prosperity and abundance. He said for awhile, it took all the mental focus he could muster. But, then one day his mind suddenly got the message and from then on only handed him back images of success and prosperity.
Whenever he thought of anything, it was uplifting and motivating. And it helped him to create a multi million dollar company with the help of his family lying flat on his back in bed.
The Key That Set Him Free, and YOU Too!!
He convinced his subconscious he was wealthy before he attained it. Too many people want to attain it before they believe it. It don't work that way. You never will attain it if you don't first believe you can.
Don't tell me you can't… I'll…… ah, never mind. :>)
Nobody ever achieved Lion status believing he was a skunk. Nuff said. You were born a champion. All you need to do is train your brain, or in other words, renew your mind. And I've made it my personal goal to help everyone I can weekly through my newsletter to do that.
In fact, I think I'll coin the phrase "train your brain". That's catchy. I like that.
Everything you think, every thought you have right now is a trained response to whatever circumstance you face. Yeah, you trained it, probably ignorantly. But the subconscious took it as truth because it doesn't know the difference.
You said, "I'm a dummy" and the subconscious said, yes, you are and made you feel like one. You said, "Ah.. that's just my dumb luck", and the subconscious said, yes, it is, you poor thing, and made you feel like a skunk. Now, you say this, I feel good, I feel fine, I feel terrific, OUT LOUD, and your subconscious will say, yes you are and will make you feel like it. Because IT
DOESN'T KNOW THE DIFFERENCE!!
Now retrain your brain and your subconscious will help you to attain love, prosperity, success, fulfillment, happiness, and all that your heart desires.
Go ahead, go for it, I dare you.
Richard Vegas is a popular recording artist and internet marketing professional. He invites you to subscribe to his FREE weekly ezine "Wing-Tips" Teaching The Success System That Never Fails, at: http://www.1-work-at-home-based-business-opportunities.com You may also hear some of Richard's free music at: http://www.richardvegas.com
Krakista
Jan 29, 2006, 01:00 PM
恭喜發財
Gong Xi Fa Cai
Kiong Hee Huat Chai
Kung Hei Fat Choi
Happy New Year
:cheers:
f1williams
Jan 29, 2006, 10:47 PM
Ms Trevi, Feb 2 sounds good. Zerone has also indicated that he's free. I'll be studying in Hangzhou. I've been hearing that's it's really a nice city, very near Shanghai and the other manufacturing cities.
It would be great to hear about their experiences and insights. :) I particularly wanted to ask them about exporting to the US and importing into China.
Happy New Year everyone! :)
corcor
Jan 30, 2006, 02:19 AM
Kiong Hee Huat Chai evryone! Am up to joining the next EB =)
omeng
Jan 30, 2006, 11:32 AM
Why Bill Gates believes the world is flat?
http://news.bbc.co.uk/2/hi/business/4660244.stm
thought for the day
"if you cant expand... FOCUS on efficiency" -warren buffet
omeng
Jan 30, 2006, 04:06 PM
Good link...
http://toolkit.sme.com.ph/business-planning/?page=business-planning-tr-4
Characteristics of a Successful Entrepreneur
Guts: Guts means you must have an entrepreneurial instinct, which is an overwhelming desire to have your own business. You must have the guts and dedication to be completely devoted to your goal. Incidentally, devotion to your goal is much more likely if you have a love for your intended business. Life is too short to start a business that doesn't give you satisfaction and joy. And, through good times and bad times, you will stick with something you love.
Brains: While appropriate educational credentials are important, entrepreneurial "brains" means more than scholastic achievements. To become a successful entrepreneur, you must have a working knowledge about the business you plan to start before you start it. Common sense combined with appropriate experience is the necessary brainpower. Prudence, follow through and attention to detail are very important.
Capital: You will need seed money of your own plus sufficient cash to maintain a positive cash flow for at least the first year. In a future session you will learn how to forecast future cash requirements through cash flow control. Many businesses can be started on a very small scale with a small investment. Then, as the business grows and you gain experience, cash flow from your business can be used for growth. In some cases you don't need starting capital to hire other people because you might start by doing everything yourself. The "do it yourself" start is a good way to learn everything about your business and also makes you better qualified to delegate work to others later on. You can control your risk by placing a limit on how much you invest in your business.
(More on the link)
Trevi
Jan 31, 2006, 06:15 AM
Ms Trevi, Feb 2 sounds good. Zerone has also indicated that he's free. I'll be studying in Hangzhou. I've been hearing that's it's really a nice city, very near Shanghai and the other manufacturing cities.
It would be great to hear about their experiences and insights. :) I particularly wanted to ask them about exporting to the US and importing into China.
Happy New Year everyone! :)
Hi F1Williams I have been to Shanghai and I really love the place. They call it the Paris of Asia. Its true. I have been to Paris too and the feel is almost the same. I felt I wasnt in Asia..much more China. There are some places were the architecture is very french. If Hangshou is near Shanghai, for sure it is also progressive.
One of my friends that I contacted does biz and has an office in Shanghai (good). I will ask them if they have imported to US (though I doubt because I haven't heard anything about this from them) - Omeng and Tennisace would be a better resource person for this. I will finalize our Thurs sked tommorrow. I am still waiting for my friends to confirm. PM or post you by tommorow. Bahala ka na to contact Zerone.
SILENTMAX
Jan 31, 2006, 10:18 AM
writing this down for reference before i forget.
had the most vivid strange dream last night.
a guy who looks a little bit like michael jordan walks into an advertising firm and immediately an ad guys makes a pitch ( a wity blurb about the company) i cant recall what the pitch now is but MJ refuses it.
he says something about wanting to use his technology in the advertisement. i see a bench in full colored image ad the texture of the printed image on the bench is rough but smooth to the touch.
the mj guy goes on to say that he doesnt have a lot of money to place the ad his wife is unemployed and he just took out a morgage (to place the ad i think.) he keeps on saying that money's hard to come by. the ad guys says something that "ill do great work with your company" and that mj should start writing a book now becouse hes going to be a success (implying the auto bio kind)
________________________________________
such a weird dream.
f1williams
Feb 1, 2006, 07:42 PM
Ms. Trevi, are we pushing through. Please PM or email me your mobile no. f1williams@yahoo.com. Thanks. :)
travy
Feb 1, 2006, 09:24 PM
International Traders: Import your products from China
Many businessmen made huge profits by outsourcing their products in other countries instead of manufacturing it locally. If you are looking for suppliers or manufacturers (any products) in China but don’t know where and how to start … I can help. To receive FREE newsletter, email: outsource.biz@gmail.com
omeng
Feb 2, 2006, 02:32 AM
^wawa naman ang mga small manufacturer dito.. tapos mawawalan pa ng mga trabaho ang mga empleyado pag nagsara sila. pano na yan?
omeng
Feb 2, 2006, 02:43 AM
Quote of the day:
It's a great feeling to prove something can be done when everyone says it can't." - pogi
SmartKid
Feb 2, 2006, 12:24 PM
Hi guys just wondering, you might be interested in the upcoming "RichDadAsia" Event this February. Especially those who are looking for opportunities and just starting out just click the link below for the details:
http://pinoyexchange.com/forums/showthread.php?t=244747
I've already listed my contact details in case anyone is interested
Krakista
Feb 3, 2006, 08:44 AM
How to attract more than a billion consumers in the Chinese market (http://www.bworldonline.com/Weekender020306/main.php?id=marketing2)China-based expert Tom Doctoroff said companies must first understand the peculiar tastes and demands of the Chinese people. Many companies have failed to grasp the basics - not least that conspicuous consumption does not mean people will pay a premium for all products.
"Chinese people are pulled between projection of status and protection of themselves and their economic interests," said Mr. Doctoroff, a Northeast Asia director of advertising conglomerate J. Walter Thompson, who has just published a book "Billions - Selling to the New Chinese Consumer."
"Project - is very status conscious and includes diamonds, cars, nice suits. Protect - is very savings driven and involves child investment, delayed gratification," he said.
That means they will be much less likely to spend simply for personal enjoyment but more likely to spend to project a certain image of themselves to help them get ahead, Mr. Doctoroff said.
"BMW is going to be big, but Victoria’s Secret is not going to be big because it’s going to be in the bedroom. But Louis Vuitton and Gucci are going to be big - anything that can reinforce your status," Mr. Doctoroff said.
Foreign companies will have a much easier time competing with local brands for products outside the home than inside because Chinese consumers are willing to pay more for things they can show publicly, said Mr. Doctoroff.
Going Against the Grain (http://www.bworldonline.com/Weekender020306/main.php?id=focus1)The domain was the Marikina Shoe Expo in deblighted Cubao, a ramshackle semi-circle of shoe stores recently overrun by subterranean-type galleries and quirky shops. On Saturday, Jan. 28, Dalmacion chose the Expo (or Marikina X in his invites) to mount his 6th Terno Au Go Go, concerts with a deliberately guerilla feel held every other month in teensy clubs like Saguijo at Guijo St. in Makati. The point of the go-go was to showcase the assortment of talents of Dalmacion’s music label, Terno. Plus, whomever else he happened to dig.
The crowd of nearly 1,500 who paid the P50 entrance fee may have thought so. They were as motley as the gig’s lineup and exactly what Dalmacion himself may have wanted. Vertically challenged teens in permutations of black, hugging the rim of the stage and dancing in spastic frenzy while holding aloft DIY banners reading, "Anti-Kurikong ng Taguig" and "Family for Sale: P15.00." Off to the side, a more corporate-looking crowd swigging canned light beers, discreetly nodding their heads to the music. There was the odd expat, a clutch of punk-style visual artists to the rear, a sea of alternakids in decaying Converse sneakers, and roving cliques of teens better suited to the perfumed environs of Greenbelt.
Arguably, only Dalmacion and his infinitesimal ilk could have pulled off something like this. For the last 20 odd years, the 38-year-old Dalmacion has made a kind of true living parlaying the scene on the fringe, championing whatever’s against the popular musical grain, and then ditching the trends he helped create.
omeng
Feb 3, 2006, 11:44 AM
http://www.smetoolkit.org/index2.jsp
-------------------------------------
They say.. "Kapag di uukol, di bubukol."
I prefer.. "Kapag di iniukol, di bubukol."
omeng
Feb 3, 2006, 11:51 AM
Patalastas:
http://i9.photobucket.com/albums/a99/omengski/happy-birthday-cards.jpg
SILENTMAX
Feb 3, 2006, 03:33 PM
makiki greet narin
happy birthday!!!!!!
SILENTMAX
Feb 4, 2006, 07:27 PM
weekends naman. joke time muna :)
What does 100% mean?
This equation should be taught in all math classes!
From a strictly mathematical viewpoint it goes like this:
What Makes 100%? What does it mean to give MORE than 100%? Ever wonder about those people who say they are giving more than 100%? We have all been to those meetings where someone wants you to give over 100%. How about achieving 103%? What makes up 100% in life?
Here's a little mathematical formula that might help you answer these questions:
If: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z is represented as:
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26.
Then:
H-A-R-D-W-O-R-K
8+1+18+4+23+15+18+11 = 98%
and
K-N-O-W-L-E-D-G-E
11+14+15+23+12+5+4+7+5 = 96%
but,
A-T-T-I-T-U-D-E
1+20+20+9+20+21+4+5 = 100%
and,
B-U-L-L-S-H-I-T
2+21+12+12+19+8+9+20 = 103%
and, look how far *** kissing will take you.
A-S-S-K-I-S-S-I-N-G
1+19+19+11+9+19+19+9+14+7 = 118%
So, one can conclude with mathematical certainty that While Hard work and Knowledge will get you close, and Attitude will get you there, it's the ******** and *** kissing that will put you over the top.
einaliel
Feb 4, 2006, 07:50 PM
good evening po...
first time ko po dito sa thread na ito... :)
inquire lang po kung sino merong idea pag-open o operate ng laundry business?
anu-ano po ba kelangang mga materyales(aside sa washing&drying machines)/chemicals/sabon to start maski na maliit lang po muna.
thanks po...
alfafemale
Feb 5, 2006, 01:08 PM
There is another business were looking at. Pinoy Telecommuters. The owner posted at the Classifieds. How true are these work at home programs? Does it really pays to be a member of this internet business?
Hi,
I'm a telecommuter. And I can tell you that I'm earning for real. However, not all work at home ventures are rewarding. If any telecommute job asks you to pay any fee before you get in, it's most likely a scam. Look for the right people. I got my gig from a good Pinoy Internet marketer.
Goodluck!
GOwin
Feb 5, 2006, 05:01 PM
@silentmax
LOL! hehehe. I'll put that up as a sign in the office.
@*
anyone here who has any idea about the photocopying business?
i got hold of a location with good student traffic and the food business i placed in there isn't performing as well as expected. stude market is too price sensitive so i'm thinking of moving it in a more appropriate location.
planning of putting up a photocopying/print shop instead. need some background info, metrics, etc.
TIA
SILENTMAX
Feb 5, 2006, 08:25 PM
an article that debunks franchises
although i still beleive franchises are for beginers there has really been some myths that franchises are easy to run and are buy and forget business's the figures shown here i beleive are much more accurate and are much more beleivable than what have been told about
____________________________________
http://money.cnn.com/magazines/fsb/fsb_archive/2005/12/01/8365371/index.htm
Risk / Reward
Executives who think it's safer to buy a franchise than start a business need to think again.
Fortune Magazine
By Anne Fisher
January 19, 2006: 2:33 PM EST
After a long career as a senior executive in the automotive industry, Roger McCabe wanted a change. "I was tired of moving and tired of traveling," he says now. "I wanted to go back to my hometown of St. Louis and stay there." So when - the last three financed mostly by revenues from the first two.
The transition from big-company honcho to jack-of-all-trades franchisee has been bumpy. Even with 22 employees (not counting himself and his wife), McCabe is putting in longer hours than he expected. "In my previous life, I had a staff of eight vice presidents and an executive assistant," he says. "Those people take a tremendous amount of pressure off you. With this, it's you and you alone." He frequently logs ten-hour days, followed by evenings loaded down with paperwork -- "and I'm supposed to be semi-retired."
Still, McCabe's Meineke shops are making money, and a growing number of baby-boomers are jumping at the chance to follow in his footsteps. Franchising is an economic behemoth in the U.S., encompassing at least 650,000 individual businesses in more than 70 industries. It's also a much more perilous proposition than most people realize, probably even more risky than starting a company from scratch. That's partly because the franchising industry is so fragmented. Everyone knows the big names -- Blockbuster, Dairy Queen, and McDonald's -- but they're the exception. The median size of a franchise operation is tiny, just 25 units. Fewer than 20 companies have franchised as many as 5,000 units. Why does that matter? Because the bigger the franchise company and the longer it has been around, the more likely it is to have an established name brand and proven systems for producing profits -- in other words, the less dicey it is for the folks who buy into it.
But there's a catch. The big names have spent many years and many millions of dollars on advertising and marketing, and stellar brands carry big pricetags. McDonald's stores, for instance, are such money machines that, depending on location and other factors, opening one will set you back a minimum of $540,000. So typical franchisee wannabes -- with, say, $50,000 to $100,000 to invest -- frequently find themselves signing on with far smaller, lesser-known organizations that may or may not have a clue about how to help operators make money. They also may not be around long. According to the American Association of Franchisees and Dealers, companies that sell franchises go under at a rate of about 15% a year. That means, notes AAFD chairman Robert Purvin, that "in any given five-year period, 75% of franchisors disappear."
Even big-name franchisors that have been around for years can run into trouble when they try to grow too fast. Witness Krispy Kreme, the scandal-plagued doughnut store chain. As if the growing legal and regulatory hubbub over certain of the company's accounting practices were not trouble enough, Krispy Kreme, based in Winston-Salem, N.C., is facing a barrage of complaints from irate franchisees. These folks--and some Wall Street analysts who follow the stock--say that Krispy Kreme has revved up its revenues by squeezing all the profit out of its franchises, partly by charging exorbitant prices for doughnut mix and equipment that franchisees must buy from the company. Krispy Kreme, which declined to comment on pending litigation, says it plans to defend itself vigorously.
Anyone looking for reliable data on failure rates of individual franchise units faces a tough challenge, because the franchise industry uses a weird definition of "failure." Consider: If your business sank so deeply into the red that you were forced to give up on it and eat your losses, wouldn't you call that a failure? Most would. But the International Franchise Association, a trade group in Washington, D.C., that represents franchisors, sees things differently. When a franchisee doesn't prosper--indeed, loses his shirt--what usually happens is that the franchisor simply takes back the unit (without reimbursing the hapless franchisee one dime) and sells it to somebody else. That franchised doughnut shop on the corner of your street probably looks the same on the outside as it always did, but it may have run through ten operators in as many years. Never mind. As long as the shop doesn't close its doors, it isn't a "failure" as the International Franchise Association defines the word. That is why, when asked for the failure rate of franchised businesses, the IFA says it is 5% a year. Wow! Just 5%! Sounds as if making money on a franchise is practically a sure thing!
Time for a reality check: The scant research that exists suggests that, as risky as starting an independent business is, buying a franchise is an even bigger roll of the dice. In the early '90s Timothy Bates, a professor at Wayne State University, studied Census Bureau data on 20,000 new enterprises and found that 38% of franchise units failed over a four-year period, vs. 32% of independent startups. In some industries the gap was much greater. In retailing, for instance, 45% of franchised units lasted less than four years, while just 23% of independent retail stores flopped. And here's the jaw-dropping part: Bates notes that his figures on franchises are quite conservative, because he defined "failure" the same way the IFA does. If a more commonsensical definition were used instead, Bates acknowledges, the percentage of failed franchises would be far higher than his study shows. Okay, but his research is a decade old. Does he have plans to update it? "My God, no," he says. "After that paper came out, I was inundated with so many sad stories from bankrupt franchisees--they were so relieved to know they were not alone--that it interfered with my ability to live my life."
What is it about franchising that gives rise to so much woe? As with any phenomenon that involves 250,000 distinct individual circumstances and stores across 50 states, generalizations are tricky. Still, there's plenty of evidence that, in many respects, buying a franchise too often ensnares would-be entrepreneurs in the worst of both worlds: You get all the financial exposure, headaches, and stress of business ownership--but someone else collects royalties on every nickel that comes through the door, not to mention fees for marketing, fees for this, fees for that, more fees for anything you can imagine (and some stuff you can't); and all the while, the franchisor dictates virtually every detail of what you can do, including what kinds of signs you can put up, how you price your wares, how much overtime you can pay your employees, and who'll be your suppliers. Violate the agreement, even in some tiny particular, and the franchisor can--and often will--snatch your franchise back.
To hear the experts tell it, a fundamental misconception is the idea that running a franchise means being your own boss and running your own company--whereas in reality, you're just leasing a trademark, and the real boss is the company that has sold you the privilege. "If you really want to be your own boss, choose a business you'd like to go into, and go to work in that industry until you learn something about it," says Gerald Marks, a franchise attorney in Red Bank, N.J. "Then go and start your own company."
Given all the challenges of franchising, you may wonder why anybody signs on. These days part of the answer can be found among the peculiar blind spots and vulnerabilities of those boomers who have been laid off by or grown disenchanted with big corporations. Corporate America is sloughing off seasoned managers in record numbers. About 3.5 million Americans between the ages of 40 and 58 now fall into a category the Bureau of Labor Statistics calls "displaced workers," meaning that their jobs in middle management at large companies have simply disappeared. This group has a far harder time finding comparable work at similar pay than younger workers do. One consequence is a rush of corporate refugees into franchising. While nobody is counting how many new franchisees sport a few gray hairs, trend watchers in the franchising world report that rising numbers of corporate refugees are trying to, in effect, buy themselves a job.
At the same time, baby-boom-generation entrepreneurs who have built one successful business (or more than one) may be looking for a new opportunity to run something without having to start it from scratch. "The trend is definitely toward older, more experienced people going into this," says Peter Birkeland. The author of an intriguing book called Franchise Dreams: The Lure of Entrepreneurship in America, Birkeland travels around the U.S. running training sessions he calls "franchise boot camps" for those who are considering taking the plunge. "People in their 50s," he says, "often have more self-confidence and bigger nest eggs to invest than younger people do."
Franchisors are welcoming them. When Jan Lee left IBM after 29 years, she wanted to do something completely different--but she also liked the idea of getting lots of support and guidance while she did it. Franchising seemed the perfect solution, so she looked at several opportunities in Chicago, including a couple of fast-food franchises, before deciding to open a Slender Lady diet and exercise center in her home suburb of Hawthorn Woods, Ill. "I was attracted to this because it was a 'people' business. All the sales pitches talked about helping people, especially women, be healthier," she says now. "I'm an MBA, so I'm slapping myself silly for getting into this situation. But their business plan seemed sound."
Lee paid $30,000 for the right to open her Slender Lady franchise in Hawthorn Woods in October 2003. The franchisor convinced her that, because she could expect at least $5,000 net profit every month from the initial location once it was up and running, she would be making a mistake not to reserve five other territories in the surrounding area, at $5,000 each, so that she could open more facilities later. She then discovered, she says now, that the $30,000 franchise fee for the first location was just the tip of the proverbial iceberg. Another $40,000 went to securing a storefront in the kind of upscale mall where her prospective customers shopped, plus $9,000 for signs and window blinds. "Even the music you're supposed to play has to be downloaded from a certain source, and that costs extra," says Lee. "There was one expense after another that wasn't mentioned in the initial estimates--$10,000 in advertising, then payroll taxes--or payroll, period. To get any new customers, I had to hire a salesperson, who cost me $2,500 a month. That wasn't mentioned anywhere."
Yes, but in exchange, didn't she get help from Slender Lady's headquarters in San Antonio? She says not. Take, for example, marketing. According to Lee, the whole idea was to put up "drop boxes"--those boxes with a slot in the top where prospective customers can drop preprinted slips of paper so that they can be contacted with more information--in as many local restaurants and other high-traffic spots as possible. That might work in some places, but not, Lee discovered, in the suburbs of big cities such as Chicago, where shoppers are wary of leaving personal information lying around in public places. "I spent hours persuading restaurant owners to let me put the boxes up," Lee recalls. "And then they'd just be full of gum wrappers anyway." When she explained this to the Slender Lady folks, "they said, 'The drop boxes work!'" she says. "'Just keep using the drop boxes!'"
Meanwhile, Lee's $100,000 nest egg from IBM was gone, she had borrowed against her house to keep her business going, and competition from a Curves franchise a few miles away was making each new customer hard to get and harder to keep. Lee's response: Like any good corporate soldier, she worked harder and longer and harder and longer. "The exercise business is very emotional and labor-intensive. If a member doesn't show up for two weeks, you're supposed to call them and ask why not," says Lee. "So I was spending 12 hours a day on the phone with people, with them telling me all their personal problems, and they still didn't come back. Nothing in my corporate life prepared me for this. I was exhausted and depressed all the time."
More depressing still: Lee ran through her home-equity line of credit and, with her franchise still running at a loss, couldn't pay it back. Even before it became clear that she would lose her house, her marriage was in trouble. Her formerly well-ordered life in chaos, Lee signed the franchise over to an employee earlier this year for $1. "I just wanted out," she says. (Of course, because the location's doors are still open it doesn't count as a failure--does it?) Then she called Slender Lady and tried to get a refund, not for the initial franchise but for the other territories it had sold her for $25,000, which she had never used. No luck. Lee was told that two of the five territories had already been sold to other franchisees. Ka-ching!
Bruce Sharpe, Slender Lady's CEO, says Lee's experience isn't typical. "Some of our franchisees make $20,000 a month profit. It can be a great little business," he says. "But it's hard to tell in advance who really has the skills to make it work." Sharpe says that Slender Lady's marketing plan includes coupons, fliers, and promotional programs in schools, not just drop boxes. And as for those unused territories, he says, "there is a time limit clearly stated in the contract. If you don't use the territory within 12 months, you lose it, and you don't get a refund because you have tied up that territory for that time."
Ah, the contract. You know those bitter good-news-bad-news jokes? The franchising equivalent is this: The good news is, everything is explained in the Uniform Franchise Offering Circular (UFOC), which Federal Trade Commission rules require every franchisor to present to each prospective franchisee at their first face-to-face meeting. The bad news is, almost no franchisee reads it--or, better yet, hires an experienced franchise attorney to read it.
The UFOC is a contract between the franchisor and the franchisee that states who is in charge, what happens if the franchisee violates any terms of the agreement, and what legal recourse the franchisee has if there's a dispute (usually arbitration only and, if litigation, only in the franchisor's home state, which may be thousands of miles away). The UFOC also spells out what refunds are due to the franchisee (usually zero) if the party of the second part goes belly-up. Jan Lee's contract with Slender Lady, for example, "has an airtight 'no-refunds-ever' clause," she says. "I overlooked that somehow."
Most franchisees do. Says Eric Karp, a Boston lawyer who teaches graduate courses in franchising at Babson College: "The typical UFOC is about the size of a telephone book, and it is enormously complex because it's so multifaceted. Everything related to the business--construction, brand management, employee training, etc.--is all rolled into one vast document. Those are things that an independent entrepreneur would handle in at least a dozen different deals with different suppliers and so on, but here it is all in one place. The irony is, you can say there should be more information, but the more information is laid out for people, the more we risk overwhelming them, so that they don't read it at all."
Let's say Karp had to distill this hydra-headed document down to one essential element. What would that be? "There are really two," he says. "First, people buy a franchise because they think they'll finally own their own business and be the boss. Ha! I laugh. Everything you do in a franchise will be dictated, from the moment you turn the key in the door in the morning, and if there is any variation, you are in default of the agreement. The franchisor can terminate your contract, and any value you have built up is lost." Oh. Okay. Anything else? Just this: Beware of those whose job is to sell you a franchise. "One of the hardest things to do is to get any real information about what you can expect to make from a franchise," notes Karp. "The Securities and Exchange Commission has made sure that you can't buy a single share of a penny stock without detailed financial disclosure. But you can invest your entire life savings in a franchise on the basis of no [projected earnings] information at all. It's crazy." Most franchisors are careful to instruct their salespeople not to give any specific financial projections that could come back to bite them later. "But many salespeople do give out numbers anyway," Karp says. "They're just highly selective about the projections they give out, and of course nothing is ever in writing. It's called the 'cocktail-napkin exception.'"
The what? Well, you can guess: It's just the salesperson and you, the soon-to-be franchisee, and you're such buddies that she is going to share with you here at the bar, or perhaps over a mocha grande at your local Starbucks, exactly how exciting your deal really is! That is how Jim DiGiovanni says he came to write a $40,000 check to Quiznos, the second-biggest sandwich shop chain in the U.S. after Subway, for a franchise he wanted to open in Hazlet, N.J. DiGiovanni was looking to change careers after a 20-year hitch as a computer programmer in the telecom industry. "Once you're nearing 40, it's hard to make it as a programmer in an industry that's totally changed," he says.
Now DiGiovanni is one of 24 plaintiffs in a lawsuit against Quiznos, all alleging essentially the same thing: The Denver-based chain raked in would-be franchisees' savings after promising them (but never in writing) certain prime retail locations. Once the checks had cleared, DiGiovanni says, the locations suddenly became unavailable. The sticking point was that, according to Quiznos's contract with its franchisees, no franchise could be built--let alone open for business--until the parent company approved its location. If a year went by with no approved location, Quiznos could take back the franchise.
Would you like to guess whether that contract also featured a no-refunds clause? Do you need to ask whether DiGiovanni ever got a location approved? "I didn't need this kind of risk. I have two little kids. The contract seemed very one-sided to me at the outset," DiGiovanni says. "But they already had over 3,000 stores elsewhere in the country. And they promised a team would be there to help me. It was based on trust."
Like most companies, Quiznos declines to comment on pending litigation, but the franchisor did give FSB a statement that says Quiznos "believes the New Jersey lawsuit has no merit." The contracts that franchisees sign, the statement continues, "clearly provide that franchise owners are responsible for finding an acceptable site for their restaurant. Quiznos has the right to approve or disapprove proposed sites, which protects the Quiznos brand and protects everyone in the Quiznos system."
Sometimes, critics say, franchisors are too clever for their own good. Consider the strange tale of how Snap-on, the tool company in Kenosha, Wis., may have tripped over its own cocktail napkin, so to speak. Snap-on sells sales routes to franchisees, who also buy a special van and an inventory of tools. A couple of years ago Matt Setser had enough of his old job at FedEx and decided to move his family 1,100 miles, from Fort Smith, Ark., to the Tampa Bay area, to take on a route that, he says, a Snap-on franchise representative had assured him (never in writing) would gross $30,000 a month.
As soon as he set foot on Florida soil, Setser--whose wife, Suzanne, was expecting their second child at the time--knew something was wrong: The district manager who showed him around started commiserating about what a lousy route Setser had been sold. Fast-forward a year, and sure enough, the route paid almost nothing, Setser says, despite his long hours of work and worry, in large part because too many other Snap-on routes had been sold (at $30,000 a pop) right in his backyard.
But here's the twist: Somebody at Snap-on may have given the game away. When the Setsers first got to the Tampa area, they rented an apartment. Because they weren't local, the landlord asked for some evidence from Matt Setser's employer of his projected income--and because Snap-on was the closest thing to an employer that the couple had, Suzanne called Snap-on and got that $30,000-a-month figure committed to writing. The Setsers decided to give up on a losing proposition last fall; Matt now sells real estate. But their former landlord had filed Snap-on's fax predicting Matt's route would yield $30,000 a month, and Suzanne had the presence of mind to ask for a copy. It is now an exhibit in a class-action suit of Snap-on dealers against the franchisor.
Nor is this the first time Snap-on and its franchisees have crossed swords. A Snap-on dealer in New Jersey named Brian Casey says he ran into the same trouble with Snap-on that the Setsers did. Last summer an arbitrator awarded Casey $314,000 in damages. Says Gerald Marks, the Red Bank, N.J., franchise attorney who represented him: "Snap-on's policy of 'more feet on the street,' which places too many dealers too close together, is ill-conceived and a financial disaster."
A Snap-on spokesperson responds that "a franchise is like any other business in that there is no guarantee of success." A company statement reads that before any franchisee signs on the dotted line, he is given plenty of information. Snap-on provides contact data for all active dealers in any given region, as well as for franchisees who have left the system in the previous 12 months. In other words, do your homework, then decide.
More often than not, it seems, companies that sell franchises are so much more sophisticated than the buyers that the franchisors hold most of the cards. A couple of nonprofits are trying to change that. One, the American Franchisee Association, is pushing for legislative changes that could help protect--or at least alert--hordes of the unwary. Another, the Association of Franchisees and Dealers, has a set of standards--for example, franchisors may not strip franchisees of their constitutional right to a jury trial--intended to make franchising fairer. That's nice, but it's likely that the rule for would-be franchisees will be caveat emptor for years to come.
Corporate refugees and former business owners who have succeeded at franchising--and yes, there are thousands--suggest you do thorough research on the territory you're thinking of entering. When Terry Tryon bought his Tutor Time day-care franchise in Wyomissing, Pa., a few years ago, after 30 years at Aetna and other insurance companies, he pored over his market's demographics. "I looked at statistics from the U.S. Department of Labor on the rising need for child care in two-income families, and then I looked at this part of Pennsylvania to see what demand was and who my competitors were likely to be," he says. "A gut feeling is fine, but the more knowledge you have, the better off you are." Tryon adds, "I also talked to lots of other franchisees, both some who had succeeded and some who had failed. I got more insights from the ones that failed."
A foolproof way to get to know a franchise intimately before you invest is to get a job in one of its stores, which is what Tiffany Newman has done. An Army veteran who served in Desert Storm, Newman has spent the past few months scooping ice cream and supervising fellow employees at a Cold Stone Creamery shop in Mamaroneck, N.Y., which she says has given her "a hands-on understanding of the system here." Newman is weighing the pros and cons of either starting a catering company or buying her own Cold Stone franchise. At the moment she's leaning toward the latter. She's impressed with the thoroughness of the training as well as the support the franchisor offers.
Once you decide on a franchise--if indeed you do--be ready to sell, sell, sell. Karen Brinker, who left a marketing career in the apparel division of Playtex and used her severance pay to buy an AlphaGraphics print shop and web-design franchise in Greenwich, Conn., says the first thing she did was to "go out knocking on doors. I wore out a lot of shoe leather. You really need to be ready to do that--at least until you can hire someone else to do it." After a decade in business, Brinker says of her 6,000-square-foot shop, with annual revenues of more than $2 million, "I love what I do here every day. My advice would be to find something you can get passionate about, and then proceed with caution."
One more thought: If you have lots of creative, original ideas about how to start and grow a business, franchising probably isn't for you. "Franchising is built on a system, and the system works if you follow it," says Slender Lady CEO Bruce Sharpe. "But one of the biggest causes of franchise failure is that people go off on tangents--they spend more than they need to on the initial facility, they don't budget enough for ads, and so on. If you don't want to follow the system the franchisor has set up, then buying a franchise is insanity." Indeed, it would be a waste of both the franchisor's time and money and your own.
Apex Events
Feb 6, 2006, 12:20 AM
Good day!
BAZAAR @ ENTERPRISE
3rd floor Function Room (facing Ayala Avenue)
The Enterprise Center, Ayala Avenue cor. Pase de Roxas Makati City
*The Enterprise Center lies at the heart of Makati's Business District, housing several corporate companies wih thousand of workers going in and out of its two fully occupied office towers (1st building - 29 floors, 2nd building - 39 floors). It is connected to the famous Makati walkway which also the premiere gateway linking Ayala Center and the buildings in the area.
In the same floor as bazaar are: Starbucks, equitable PCI Bank, Mini Stop, Watsons, Oliver's Super Sandwiches, Ink For Less.
Bazaar is located right beside the escalator entrance from Ayala Avenue.
Feb. 28, 2006 to Mar. 2, 2006 (salary week)
10AM to 6PM
Hurry! Reserve now! Limited slots available!
(For rental fee, please refer to APPLICATION FORM)
Contact:
0922-4885330
apexeventsorganizer@yahoo.com
633-7798
*Please see the ATTACHMENTS: application form and layout
http://pic19.picturetrail.com/VOL1036/3969848/8227590/128016786.jpg
omeng
Feb 6, 2006, 02:28 PM
f1williams, here's your chance...
Expanding Business Through Export (Basics of Exporting)
This 4-day seminar will prepare you to start your export business with confidence by identifying the right market and its requirements, understanding product selection, developing a costing and pricing scheme and a responsive promotion strategy, understanding export documentation procedures and financing schemes, and negotiating with foreign buyers.
Training fee: Php 3,000.00
February 06, 2006 - February 09, 2006
Venue: Philippine Trade Training Center at Roxas Blvd.
Organizer: PTTC
Contact Person : Eva G. Ancheta
Contact Numbers : (632) 831-9988/ 834-1344 loc. 315
Email: tbmd@pttc.gov.ph
f1williams
Feb 6, 2006, 03:57 PM
hi sir omeng! i'm actually logging on from the pttc computers outside of the seminar room. :) buti umabot ako.
pretty interesting seminar. super lamig nga lang ng aircon sa room. :)
omeng
Feb 6, 2006, 04:07 PM
glad to hear that. sulit din ba sa kain? :D
extend my best regards to daddy bert.
gustymoon
Feb 6, 2006, 11:02 PM
I have been a lurker (in this thread) but now a CONVERT as I have recently become an entrep. I owe my new status as entrep (except being young, as I am not) to the encouraging posts and experiences in this thread. I also met through PEX a person who has helped me with the crossover through professional coaching ... err... coercing. I am only on my second month of operation. I know its not a walk in the park, its a long way to go,
Thanks to all the regulars in this thread for your inspiring stories. Special mention to Omeng, Tennisace, etc. And special thanks to (Tor) mentor M. Trevi :-). I hope there will be another EB soon so I can join you.
@M. Trevi my staff received notice that you have formally started BZW. Congrats to you...woe to us..meter is running, no more pro bono. :-(
omeng
Feb 7, 2006, 01:42 AM
:mecry: pass the kleenex please :D
my pleasure and thanks also.
funny may it seems, in a very small, tiny, little way of pexing... another entrep was born. happy birthday. :lol:
:cheers: to you
omeng
Feb 7, 2006, 09:44 PM
Quote of the day:
To give or get a "yes" answer, meet face to face. For a "no", use the phone. - R. Selsam of Boston Properties
Krakista
Feb 9, 2006, 08:54 AM
I'd like to extend an invitation to those interested in learning or brushing up or simply getting to practice their Chinese Mandarin to join our Mandarin Toastmaster sessions on February 15, 2006, Wednesday, 7:30, at Causeway Restaurant, Banawe cor. Del Monte, Quezon City.
Let's have a mini-EB over a 4-5 course dinner and it's FREE for 1st time attendees. Yours truly and PExers Codeboy and MickeyREN are regulars here.
geekhead
Feb 9, 2006, 10:57 AM
Guys feedbacks naman kung ok Ihawan na biz? Manok liempo and some isaws o magconcentrate lang sa manok. Mga how much kaya ilalabas? Sa province sana. Thanks!
Inputs from seasoned entreps po are appreciated! *okay*
Trevi
Feb 10, 2006, 07:01 AM
Hello to all.
Sobrang busy the past two weeks.
I can barely find time for personal things.
Wala bang de-stressing camp / seminar for entreps ?
SILENTMAX
Feb 10, 2006, 11:14 PM
none that i know of mam :)
you should just disconnect, go to tagaytay or bagio or take the plunge in baracay :D
i have a de-stressing e-book ill try to look for it. its quite helpful rin. hope you feel better soon :)
omeng
Feb 11, 2006, 11:42 AM
ESP Business Forum - Opportunities in the Foodcart Business
Wednesday February 15, 2006
11:30 am - 2:30 pm
This event does not repeat.
Event Location: Roces Room, Club Filipino, Greenhills, San Juan
Street: Entrepreneurs Society of the Philippines
Phone: 726-5466
Notes:
Foodcart business fastest growing business in the Philippines with low capital investment and high return.Our speaker Mr.Josm Rosuello, President/Founder of Foodcart Association of the Philippines will be discussing the pro's and con's in the foodcart business
Plus bonus SHOW-BIZ: Attendees will given the opportunity to introduce their Companies & Products.Raffle Prizes for lucky attendees !!!
Entrance is P500.00/person with lunch.30% Discount for associate members Limited seats. RSVP via email to raffy@rmpconsultancy.com or marketing@magicalogic.com or call ESP 7265466
Trevi
Feb 11, 2006, 02:27 PM
@Max - I missed your call in the office. Talk to you soon. ;)
@Omeng - I bought a Philippine FLAG small one lang (in the BSP store) Feels good. really. :bop:
@F1williams - Good Luck and Godspeed :)
Krakista
Feb 11, 2006, 09:31 PM
Wala bang de-stressing camp / seminar for entreps ?Sing your heart out at a KTV near you. You'll be surprised an hour at a KTV can wipe out a week's exhaustion almost instantly.
f1williams
Feb 11, 2006, 11:30 PM
Ms Trevi, thanks a lot! Too bad I didn't make it to your office warming. Di bale, bawi na lang next time. I'll see you guys when I get back. :D
SILENTMAX
Feb 13, 2006, 12:09 AM
thought for the day
"Formal education will make you a living; self-education will make you a fortune." - Jim Rohn
blue_tooth
Feb 13, 2006, 12:43 AM
Guys, help me naman po. may project kasi ako sa entrepreneurship class ko. We have to submit business plans, syempre bukod don sa mataas na grade sa mga may unique ideas and for having a good project, may special prize..hehehe..thanks! you may pm me or post it here..
thanks ulit!
Trevi
Feb 13, 2006, 05:23 AM
@Krakista - i'll take your advice. I am not a singer, but if you say it works, I will give it a try. I just need to look for those one-person singing booths/room - I am not ready for a public performance, yet. Any recommendations?
@f1williams - Take as much as you can in terms of learning and bring back as much as you can in terms of oppurtunities. Take care and enjoy the chilly weather.
@blue_tooth - People can give you ideas. But You need to still work on your own business plan. My only advice is for you to take on something that you yourself enjoys / believes in ( whether it be a thing or service etc.) and improve on it. Good luck.
omeng
Feb 13, 2006, 09:36 AM
@Omeng - I bought a Philippine FLAG small one lang (in the BSP store) Feels good. really. :bop:
oh, that's nice. I told the founder about you and they want to meet you in person.
========================================================
Busy all the way this week and the next for me. :(
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