Young Entrepreneurs ** tayo

[missywitchy]

bat ang tahimik naman dito :-(

[Krakista]

Kasi we're meeting people offline. Nagkitakits kami ni omeng nung Friday sa Powerbooks Megamall. I also bumped into PDI columnist and part-owner of Conspiracy Garden Cafe Conrado de Quiros at the MRT. Of course, me and my friends had our usual Saturday night at Quattro Grill in Timog. :D

[Mymnosene]

it was really nice to see you all last tuesday! :D

**returning to lurker mode**

[Elijah_A]

*whew* all 26 pages I've read, but I've learned a lot =) Hopefully after graduating from IT, I'll leave it behind and start a business ... now should I fail I could always earn through work ;-)

While taking up interns this year, I've made a list of to-read books. Thanks for the inspiration!

btw. I just recently joined on a mailing list for smallbusinesses, hopefully it could help new & growing businesses.
http://groups.yahoo.com/group/smallbusinessmanila/

[Elijah_A]

Question:

I've always wanted to own a pharmacy and I thought it's good business even when there's Mercury Drug around the corner. Do I really need a pharmacist's license to be able to sell medicinal drugs?? if so, how do I negotiate with one? Thanks!

[SILENTMAX]

anybody noticed lately
more and more gasoline stations are sprouting up with restaurants or stores!!!

it seems this are now the destinations for the late night people to hang out.


im calling a bubble on go nuts do nuts. 30 minute lines are the norm now. they are really earning a lot. with 2000 applications for franchises its amazing how theyre moving forward

i hope they get everything together though honestly their donuts are good but the presure on them to expand is enourmous. and anything done hastily is always a bad thing.

they will peak 8 months to 1 year from now and will stabalize in 2 years. hopefuly di pumasok sa ulo nila succes nila, am hoping they will continue to pose a competition to mr donuts and dunkins

gonuts donuts is pinoy, pls patronize their products

[lizisrael]

I would really appreciate the information you can give angel02 and the rest (like me) who might be interested in setting up a boutique business. :) Also, I got this offer to sign up for the Dakki Business dealership. Is it a feasible business at this time? How about giving us ideas on how to start a small events management/organization business (like organizing parties or similar stuff like that on an entry level)? I'm a mom of a 5-month old kid and I would really like to set up a business I can manage at home for a fallback if in any case my job hunting doesn't become successful. Thanks! :D

[lizisrael]

I would really appreciate the information you can give angel02 and the rest (like me) who might be interested in setting up a boutique business. :) Also, I got this offer to sign up for the Dakki Business dealership. Is it a feasible business at this time? How about giving us ideas on how to start a small events management/organization business (like organizing parties or similar stuff like that on an entry level)? I'm a mom of a 5-month old kid and I would really like to set up a business I can manage at home for a fallback if in any case my job hunting doesn't become successful. Thanks! :D

[jazzy]

Originally posted by Elijah_A
Question:

I've always wanted to own a pharmacy and I thought it's good business even when there's Mercury Drug around the corner. Do I really need a pharmacist's license to be able to sell medicinal drugs?? if so, how do I negotiate with one? Thanks!

Yes, you need a pharmacist and rent his license for like P3,000 a month.

Ask a friend or relative around.

[SILENTMAX]

ei jazzy thanks for sharing the info.

jazzy,lizisrael, elijah welcome to the ye thread hope you guys drop by often. more power


kwento time:
so i was having breakfast this morning an lo and behold what do i see mister donuts. it was just bought, and i knew i was going to have a good breakfast. to my dismay it didnt taste that good. eating go nuts donuts has poisoned the well for me. im now craving their donuts. they are now my benchmark. at first it was denial that their donuts were better than the current ones available in the market. but once youve tasted go nuts do nuts and then taste the imported ones there is no comparison. go nuts donuts na ako. :)


i am no way affliated with go nuts donuts


but i will affiliate myself with any filipino products

save our economy, save our country, buy pinoy! :)

[Elijah_A]

Originally posted by jazzy
Yes, you need a pharmacist and rent his license for like P3,000 a month.

Ask a friend or relative around.
Thanks!

[Amai]

I know nothing about this topic and I'm just starting out kaya tanong lang: if you want to be a successful entrepreneur, what business course should you take up?

[jazzy]

silentmax,

thanks for welcoming us. let's know when will the next eb. im eager to know you guys. to know the future tycoons in the Philippines. :)

[omeng]

har har

pareng max, yung donuts ko ayaw mo? pls patronize niyo din.. he he

tip sa donuts.. pag kagaling-galing lang sa kitchen masarap talaga.. pag indeh.. indeh na.. ha ha

still expecting a new outlet somewhere down town.. moolah moolah.. har har.

pareng krakista, di pa rin nagbabago ang beauty mo.. dandah lalaki parin. he he.. we hope that we could set an biz eb in pex. dumadami yata ang nagkukwento.. sayang ang laway.. di tayo aasenso niyan.. ha ha..

max, uling gusto mo? pinoy products ini. :D

[omeng]

Originally posted by Amai
I know nothing about this topic and I'm just starting out kaya tanong lang: if you want to be a successful entrepreneur, what business course should you take up?

i don't know much bout the course.. but here's a good one catch from a successful bizman

http://netrepinoys.com/board/index.php?showtopic=70&st=0&#entry283

:D

[omeng]

Originally posted by missywitchy
Oo... nga eh sayang.....

Nasa shop ako at nagmumukmok.... ala ako makuha na bantay :-(

Siguro next time na lang ... For the meantime... magkwento ka naman :-)

nagkukuwento na si max eh..

yung ginagawa na lang ni max ang ikukuwento ko.. ha ha

habang nagsasalita ang mga speaker.. panay ang kindat niya sa mga.. har har.. wag na baka batukan pako..

:D

[justine_mommy]

hey guys, sobrang regret ko at ngayon ko lang nakita itong thread na ito. very imformative... just like Elija_A tinapos ko lahat ng 26 pages para lang makilala ko kayo. sikat na si SILENTMAX and OMENG dito ah... dami kasi natututunan sa inyo guys eh.

btw, i'm into computer shop business too. 8 years na tong shop namin ng husband ko, we started this 1996 pa. imagine he was only 21 that time and I was 18. thank God at ok pa rin kami, kahit na maraming nagsusulputang shop. mostly lahat ng nag-open ng shop sa lugar namin ay naging customers din namin, hayyy.... pag nakitang ok, ginagaya na, ang nakakainis pa, binababa nila yung presyo.

sana guys matulungan nyo akong mag-isip pa ng bagong business, pandagdag kita ba sa lumalaking family namin.

and i hope, welcome din ako dito....:*)

[SILENTMAX]

we need more entrepreneurs like you to provide more employment. ika nga sabi satin mga sme's we provide the largest employment in the philipines :)


pareng omeng: anak nang tokwa masarap ang dunkin mo!!!! ay mali mister donut ka ba? :P toll sensya na di ako nakapunta sa place mo this week been doing a lot of meetings kasi i formal launch ko dito ang newest branch ko. branch #4

naku anu ba yang sinasabi mong kindat kindat. tsong naman bachelor ako syempre pwede ako tumingin tingin sa paligid diba :D

uling tsong? hmmm interesting pero wag muna im really focusing muna sa job at hand. pagdasal mo ako pare hope everythings goes smoothly nakipag cross deal pa kasi ako. hopefully this becomes my flagship branch invite kita pag opening na.




more power to all entrepreneurs
pag dasal natin ang bansa natin for this monday

what happens monday will deside our faith for the next 6 years MAKE YOUR VOTE COUNT!!!

[justine_mommy]

thanks SILENTMAX!

Congrats din pala sa iyo.:) sana makapag branch out din kami or makapag-establish ng ibang line of business.

[omeng]

hello justine.. some one told me that a real entrepreneur (isa sa mga katangian daw) should always look into posibilities of competetion. monopoly is a good business but syempre hindi lang tayo ang dapat kumita.. sila din nagugutom.. he he.. actually mas rewarding sa competetion, yun eh pag nananalo ka. *twink

[omeng]

max, looking forward to that. i salute you. :)

[justine_mommy]

YES! i believed in that also, kaya nga siguro kami tumagal ng 8 years sa business na ito kasi sinasabayan rin namin sila. Mas lamang lang siguro kami in terms of pakikisama sa mga customers. Imagine i know almost all the names of our customers and we treat each other as family na nga. Nakakatuwa nga kasi yung ibang parents ng mga bata, sa amin pa hinahabilin yung mga kids nila at sinusundo na lang after na maglaro sila. We only have 10 units pero nag-aantay pa rin sila pag walang vacant. Nakakataba ng puso.:*) Kami ang pioneer dito sa lugar namin, ngayon 12 na yung shops dito sa paligid ko, pero di naman lumipat yung mga customers ko. Tama rin pala yung kasabihan na "nasa pakikisama rin" kaya successful ang ilang entrepreneurs na katulad natin. :)

[omeng]

that's great. you have then loyal customers. wag lang mapapababayaan at dadami pa yan. cheers to you. :)

as my biz compadre' said.. "success doesn't have to be a lonely journey"

[justine_mommy]

Hey Omeng/ SilentMax!:)

tanong ko lang kung in pa ba yung X-BOX or PLAY STATION biz sa ngayon. kasi parang yun ang gusto kong idagdag sa business namin. ano ba sa tingin mo itong biz na ito? may vacant space kasi dito sa tabi namin, balak ko na lang kunin kung sakali.

thanks!!!

[Elijah_A]

hmmm... sa Circuit city may mga PS2 sila dun, you'll notice puro basketball games nilalaro nila dun .... I dunno about X-Box....

[SILENTMAX]

get a lot of ps2's and a few xbox's

ok naman sya as ive onserved pero mahina ang x box

btw only game you need is nba live basta basketball sya.
(without reading elijahs comments parehas pala kami observation)


only problem you will have is monitoring it
pilferage will be rampant

[zimdude]

hindi ba mahirap mag-alaga ng console games? unlike PC's, you can't repair/replace them piece by piece.

funny story on my way to work. I passed by Mini Stop Amber Avenue... yung invoice/delivery receipt ng Mister Donut was just there in the open... with the buying and selling prices. 50% markup!!!

[omeng]

sa manila, malapit sa kaibigan ko.. hit parin ang PS2.. i just don't know madame' kung mag hit dyan. if you have some PS's, why not? pero kung bibili ka pa.. hmmm.. pag aralan siguro muna.. *twink

btw, thank you for signing-in in our mini-litol-small virtual board.



zimdude.. subrah naman yun.. he he

[zimdude]

well they've got a captured market.

oh that's Amberland Plaza (Julia Vargas corner Emerald Avenue, Ortigas Center).

[justine_mommy]

salamat sa suggestions nyo guys:)

balitaan ko na lang kayo kung matutuloy!

thanks uli...

[Satoy]

well share ko lang po. i actually shifted one of my pc rental shops into a ps2 rental shop sa caa, las pinas, kasi po sobrang tindi na ng competition sa pc, and what do you know, it worked. i started november and has been netting 10-12k per month from the ps2 rentals. tanggal na rent ng place, pasweldo sa bantay, electricity, etc. on top of that we're earning around 5k from smart and globe eload.

problema ko lang so far yung mga controllers. pag nanggigil mga bata sa paglalaro ng nba live daling masira mga controllers. i started stocking up on ps1 controllers dahil useable naman sa ps2 at mas mura, and also learned how to open, clean and adjust the lens myself dahil mahal paayos sa labas. anyway, its earning much better than my pc shop dati, saka added income lang naman sa kin so okey na.

hope this helps...

[zimdude]

interesting.

plus the trend of PC gamers going for Ragnarok, which required broadband!

[SILENTMAX]

Originally posted by zimdude


plus the trend of PC gamers going for Ragnarok, which required broadband!

shh wag ka maingay baka ma discourage yung iba..........


i dream to see the whole philiphines wired thru broad band

ragnarok seems to be the right band wagon to make this happen

[bluecharm]

hi guys! i just started a small business.. its bead watches.. i dont know if it will last long but for now, medj ok naman... super small scale pa siya.. pa-retail retail lang muna... i hope theres someone here na may accessories shop who can help me? i hope you guys can take time to check out my link http://photos.yahoo.com/carloandkate thanks!

[woulfe27]

malakas ps2 rental biz. yung dito nga sa me sa min dreamcast pa rin ginagamit kumikita pa rin eh hehe. sarap kase mag-games :)

[jazzy]

Satoy,

Magkano ang rental sa ps2 mo? Ilang units meron ka?

[Satoy]

i have eight units. 25pesos per hour po.

[omeng]

i saw thin new biz in glorieta. "BREAD TALK".. dang! dami tao. may-ari yata tsinoy. ampuputi ng suot ng mga employees.. laba yata sa tide.. he he

[zimdude]

I don't consider broadband to be pro-business because it concentrates power in the hands of a few companies - the telcos. That's unlike the free enterprise we are talking about here.

Look what happened to the independent ISP industry. Their business was eaten up by their suppliers - the telcos.

[SILENTMAX]

Originally posted by omeng
i saw thin new biz in glorieta. "BREAD TALK".. dang! dami tao. may-ari yata tsinoy. ampuputi ng suot ng mga employees.. laba yata sa tide.. he he

ma tignan nga :D

[SILENTMAX]

zimdude:

i respect your opinion pero let them make their money ok lang yun
the fact is the big will always eat the small ganun talaga sa business. this is all business nothing personal and everybody is set out to make money big corporations or a 1 man sme

whats important is roll out lang nang roll out nang linya

i dream to see the philiphines wired thru broadband becouse of all the oportunities that it could bring. 1 is voip: it is getting more and more accepted.(there are ofw's who will tremendously benifit from this) others is call centers imagine seing a small renegade call center in your probinsya!
a recent tv coverage was on abuse of ym video conferencing in mindanao. they were using it for online pornography. this is a bad example but this was made possible thru broadband.

there are others and i could go on and on.

and this will all be possible if the philipihnes will be wired. i dont care if pldt or globe or eastern or digitel or vsat will bring it first but i care how fast they will roll it out. the philiphines badly needs broadband.

[SILENTMAX]

Keep your friends close and your enemies closer- sun tzu the art of war

[zimdude]

but the telcos are AGAINST independent VoIP. they want to own everything from the cables in the ground, to the apps.

[omeng]

thanks for dropping by in my town pareng max. i wish you more luck in your chosen biz. i like your guts men. cheers to you.

btw, do not be confuse regarding mr. donuts and our donuts. ours is "mistress donuts".. much yummy of course.. ha ha

hail to entrepenoys!

[SILENTMAX]

jokin lang pare

love your dunkin donuts :D ayan na memorize ko na hehehehe

btw see you at the net nights this may 25

[SILENTMAX]

Dear friend of Entrepreneur Philippines,

Got business questions that no one can seem to answer?

Then join Entrepreneur Philippines' 39th Networking Night entitled "Answers to Start-up Questions" on May 25, 2004,
6 PM to 9 PM at Tavern on the Square at Greenbelt 3 and get your questions answered by the experts!

The Networking Night is a casual business get-together hosted by Entrepreneur Philippines Magazine and is open to both existing and aspiring entrepreneurs.

This month, we have invited Cecille Chuapoco-Remedio, a managing partner of the accounting firm Chuapoco, Remedio and De Leon, to give us pointers in finance, Ramon Carballo, a distinguished marketing consultant, to share his insights on the value of marketing, and Armando Bartolome, president of GMB Franchise Developers and Director of the Association of Filipino Franchisers Inc., to discuss the benefits of Franchising.

Entrance is free and food and drinks are on us but since many would like to attend and we can only accommodate up to 150 guests (for the free food and drinks), please confirm your attendance at least a day before the event.

As an added bonus, the first fifty to register will have their cover charge waived should they wish to stay after the networking night. Plus, they get a FREE bottle of San Miguel Super Dry for starters!

Should you wish to confirm your attendance, please send an email with subject: Networking Night to raymond.darilag@summitmedia.com.ph or call us at 637-1976 and you will get a corresponding reply.

Thank you and hope to see you there!

[omeng]

he he

i jus hope di pa ko naubusan ng seats.

congrats parekoy. sarap ba ng feeling pag may na close na deal? he he

i am now reading yung books ni donald duck..errr trump! The art of the deal. dang! ang husay!

[SILENTMAX]

it feels good to close the deal di ako maniwala na na bola ko sila hehehehe

win-win situation naman kasi no cash out sila no cash out rin ako. nag iisip na nga ako kung pwede ko rin ma convince si henry sy nang ganun cross deal(wishful thinking) imagine kung totoo nga sabi mo na 2 malls a year target nila eh di malaaki rin magagastos nila. eh di kung panu kung ma convince ko sila na wala sila gagastusin hehehehe

gawa na ako official launch letter nang branch number 4 ko post ko din dito soon :)


about books: im still reading the entrep book and also another real estate book. im looking for the book na narecomand last entrep night yung "pour your heart into it" the story of starbucks. hirap hanapin puro sold out. street learning and reading books lang muna tayu tsong ang laki ang ma itutulong nyan

[summit012]

yeah...b4 u invest ur money, invest first in your education. galing mo silentmax.

[SILENTMAX]

Pinay wins it big in London

By Alfred Yuson
The Philippine Star 05/16/2004


Patricia Evangelista, a 19-year-old, Mass Communications sophomore of
University of the Philippines (UP)-Diliman, did the country proud
Friday
night by besting 59 other student contestants from 37 countries in the
2004
International Public Speaking competition conducted by the English
Speaking
Union (ESU) in London.

She triumphed over a field of exactly 60 speakers from all over the
English-speaking world, including the United States, United Kingdom and
Australia, reported Maranan.

The board of judges¹ decision was unanimous, according to contest
chairman
Brian Hanharan of the British Broadcasting Corp. (BBC).





PATRICIA'S SHORT SPEECH WORTH READING....
----------------------------------------------------------------------------------

BLONDE AND BLUE EYES

When I was little, I wanted what many Filipino children all over the
country wanted.
I wanted to be blond, blue-eyed, and white.

I thought -- if I just wished hard enough and was good enough, I'd wake
up
on Christmas
morning with snow outside my window and freckles across my nose!

More than four centuries under western domination does that to you. I
have
sixteen cousins. In a
couple of years, there will just be five of us left in the Philippines,
the
rest will have gone abroad
in search of "greener pastures." It's not just an anomaly; it's a
trend;
the Filipino diaspora. Today,
about eight million Filipinos are scattered around the world.

There are those who disapprove of Filipinos who choose to leave. I used
to.
Maybe this is a natural
reaction of someone who was left behind, smiling for family pictures
that
get emptier with each
succeeding year. Desertion, I called it. My country is a land that has
perpetually fought for the
freedom to be itself. Our heroes offered their lives in the struggle
against the Spanish, the Japanese,
the Americans. To pack up and deny that identity is tantamount to
spitting
on that sacrifice.

Or is it? I don't think so, not anymore. True, there is no denying this
phenomenon, aided by the
fact that what was once the other side of the world is now a
twelve-hour
plane ride away. But this is a
borderless world, where no individual can claim to be purely from where
he
is now. My mother is of
Chinese descent, my father is a quarter Spanish, and I call myself a
pure
Filipino-a hybrid of sorts
resulting from a combination of cultures.

Each square mile anywhere in the world is made up of people of
different
ethnicities, with national
identities and individual personalities. Because of this, each square
mile
is already a microcosm of the
world. In as much as this blessed spot that is England is the world, so
is
my neighbourhood back home.

Seen this way, the Filipino Diaspora, or any sort of dispersal of
populations, is not as ominous as so
many claim. It must be understood. I come from a Third World country,
one
that is still trying mightily
to get back on its feet after many years of dictatorship. But we shall
make
it, given more time.
Especially now, when we have thousands of eager young minds who
graduate
from college every year.
They have skills. They need jobs. We cannot absorb them all.

A borderless world presents a bigger opportunity, yet one that is not
so
much abandonment but an
extension of identity. Even as we take, we give back. We are the
40,000
skilled nurses who support
the UK's National Health Service. We are the quarter-of-a-million
seafarers
manning most of the
world's commercial ships. We are your software engineers in Ireland,
your
construction workers
in the Middle East, your doctors and caregivers in North America, and,
your
musical artists in
London's West End.

Nationalism isn't bound by time or place. People from other nations
migrate
to create new nations,
yet still remain essentially who they are. British society is itself an
example of a multi-cultural
nation, a melting pot of races, religions, arts and cultures. We are,
indeed, in a borderless world!

Leaving sometimes isn't a matter of choice. It's coming back that is.
The
Hobbits of the shire
travelled all over Middle-Earth, but they chose to come home, richer in
every sense of the word. We
call people like these balikbayans or the 'returnees' -- those who
followed
their dream, yet choose
to return and share their mature talents and good fortune.

In a few years, I may take advantage of whatever opportunities come my
way.
But I will come home.
A borderless world doesn't preclude the idea of a home. I'm a Filipino,
and
I'll always be one.
It isn't about just geography; it isn't about boundaries. It's about
giving
back to the country
that shaped me.

And that's going to be more important to me than seeing snow outside my
windows on a
bright Christmas morning.

Mabuhay and Thank you

[omeng]

seats were all taken. dang! but i still be there with the gangs! :)

go ahead about the letter. men.. that's the spirit. this country needs like you. no kiddin'.

see you

[omeng]

a toast to paticia =)

[ran]

for entrepreneurs - just need inputs and comments about the business and how to make it better and more famous.

www.sergscafe.com is in cafe business with internet services which explores the market of cocoa and coffee beverages. business getting pretty well. right now i have my first shop in shangrila carpark plaza in edsa, mandaluyong. what do you think about the business and how to market it more.

more info about our products in our website.

most of it's product is based in cocoa/chocolates of Serg's Chocolates formulation in making chocolates who catured the tooth of the filipinos for decades (good old serg's).

for those individuals/group of entrepreneurswho are interested about the business or want to be part of the growing business. email me privately.

proud of continuing the filipino family tradition.

[omeng]

hi ran. i saw that cafe pag nasa edsa ako(crossing).

maybe one day we could meet.

we are now exploring in coffee business.

more moolah to your biz. one cheers for you. :)

[ran]

!

[ran]

you have to try our best sellers : most of our customers compare our products from starbucks that are way far better and the price is just right as the taste is.

i've experienced some customers who tried our products for the first time who had oredered twice and have a take-out again. they just love our drinks. one family of three (with 6 yr old daughter) with dad and mom got 5 drinks (the parents got two drinks of the same kind).

also user groups like PLUG (linux), Pinoy JUG (Java), and other professional IT group hangouts there.

---ran <ran@sergs.com>

[Krakista]

ran AKA hidden, 'musta na? Nabuhay ka. It's good to hear you're doing well. Siyempre, it's easy to taste better than Starbucks as their coffee tastes like expired coffee. :D

[lehboy]

ran, saw ur website, mukhang masarap yung drinks niyo a, i might drop by sometime

[Jareth]

i need a racket to augment my meager income.... any suggestions? yung low cash-out sana :D

[ran]

for those who are interested in starting their own business. serg's cafe is planning to do small franchising solution to have a Serg's Kiosks on malls. Kiosks(cart) type will offer different beverages of Serg's Cafe. For those who are interested on this type please email me privately at ran@sergs.com. FRANCHISING FEE will be waived for the first few interested applicants. We will help you on everything in starting the business.

[B_O_K_I_A]

hello po...i used to have a business pro ngayon *** na. i just want to ask a question...ano po ba ang magandang maging business ngayon? yung maliit *** pro kahit pano kumikita at hindi masyadong storbo sa pagaaral? may mga idea po ba kayo?

before ksi i had the help of my dad pro ngayon im on my own.

[GOwin]

@Ran
that sounds interesting. I sent you an email.

[Pepguy]

Greetings to all, I have been reading this thread for some time now and have been able to pick up lots of good ideas and suggestions. My wife and I run two small businesses, the first one has to do with manufacturing and development of personal care products ( colognes, lotions, soaps, hand sanitizers) and the second one being quality systems consulting (ISO 9000, ISO 14000, GMP). She handles the technical aspect while I’m in charge of marketing. For my part I also help out my family’s business which is into property leasing. Do you guys have a regular scheduled EB? Would it be ok to join in one of them?

[lehboy]

Jareth, as silentmax said, eload would be a good low capital sideline. Although ako wala pa ring ganito, balak ko rin magpaEload

[rors]

i get a lot of inspiration from entrepeneur magazine. you guys also might wanna check out their online forum at www.entrepreneur.com.ph/board

[SILENTMAX]

Originally posted by Pepguy
Greetings to all, I have been reading this thread for some time now and have been able to pick up lots of good ideas and suggestions. My wife and I run two small businesses, the first one has to do with manufacturing and development of personal care products ( colognes, lotions, soaps, hand sanitizers) and the second one being quality systems consulting (ISO 9000, ISO 14000, GMP). She handles the technical aspect while I’m in charge of marketing. For my part I also help out my family’s business which is into property leasing. Do you guys have a regular scheduled EB? Would it be ok to join in one of them?

sir i am familiar with iso certifications i was wondering if you also do small fledgingling business like mine who's requirement only is an operational manual, technical manual, employee manual

ive been looking all over for a profesional consultant sadly francorp and gmb are way beyond my budget constraints

[omeng]

har har

guys, i just finished the book of trump! hanglufet.

dont miss this one. dang!

[BabadSaComputer]

SILENTMAX: Anung bisnes mu ang lalagyan niyo ng ISO certification, boss max? :)

[OliverWood21]

I have just been mixed up with Taxes. Might want to ask you guys who know it best when it comes to Taxes. Are businesses operating for just 4 months already required to pay taxes? A bookkeeper from our neighborhood told me to pay at least 10% of the NET income on my cybercafe everymonth to her as taxes ( she works for our Mayor's Office anyway)..

:rolleyes:

Hope someone can advise. Thanks.

[SILENTMAX]

yes you are required to pay taxes :)

death and taxes oliverwood21 .... death and taxes


ummm i outsource that work to my accountant. you will pay an avg of 1k pero month for a decent yet affordable one :)

[SILENTMAX]

Originally posted by BabadSaComputer
SILENTMAX: Anung bisnes mu ang lalagyan niyo ng ISO certification, boss max? :)

di naman iso certification just wanted to know kung na sideline rin sila nang operations manual

[serpico]

Originally posted by SILENTMAX
yes you are required to pay taxes :)

death and taxes oliverwood21 .... death and taxes


ummm i outsource that work to my accountant. you will pay an avg of 1k pero month for a decent yet affordable one :)

Hi SILENTMAX,

Where can I find a decent accountant like yours? Is it okay to get a referral from your accountant? He/she might know someone else who offers the same kind of service.

Thanks!

[lehboy]

Wala nga talagang takas ang death and taxes.

serpico, i saw from the ads sa buy and sell people offering accounting services/etc, baka lang makatulong

[OliverWood21]

SILENTMAX
Ahh.. Too bad to hear about that. :( Ok then, I will probably get a cheaper bookkeeping service for that matter.

Thx

[Pepguy]

SILENTMAX,
Yes, we also provide documentation assistance (operation manuals, employee manuals and the like) to small-scale enterprises. Would appreciate if you can furnish us with prelim details like description of business, a simplified business process flow, no. of employees, location/site and your Contact Number. Please e-mail info to bisnis@edsamail.com.ph. Thanks!

[serpico]

Originally posted by lehboy
Wala nga talagang takas ang death and taxes.

serpico, i saw from the ads sa buy and sell people offering accounting services/etc, baka lang makatulong

Thanks, lehboy! Will check Buy and Sell.

[omeng]

pareng max, im thinking of having EB(netrepinoys). i would appreciate if you could join us.

thanks men.

[omeng]

hi ran,

email me the details of your propz biz kioks to entrephil@yahoo.com

thanks

[SILENTMAX]

May 29, 2004 07:00 PM US Eastern Timezone

Filipino Businessman Named Ernst & Young World Entrepreneur of the Year

MONACO--(BUSINESS WIRE)--May 29, 2004--
Fourth annual Ernst & Young event sees Tony Tan Caktiong, head of Jollibee Foods Corporation, selected from field of 31 nominees


Asian businessman Tony Tan Caktiong, head of Jollibee Foods Corporation was this evening named Ernst & Young's 2004 World Entrepreneur Of The Year (WEOY) at an award ceremony in Monte Carlo, Monaco.

From modest beginnings as the owner of two ice cream parlors in Manila in the 1970's, Jollibee has grown to become one of the most admired and respected companies in Asia.

Jollibee Foods Corporation now employs 26,000 people in almost 1,000 outlets in seven countries, including the United States and China. In the Philippines, Jollibee commands 65% of the domestic fast food market, competing very successfully against established global brands. In 1993, it became the first food service company to be listed on the Philippine Stock Exchange. In the ten years since, the company has been consistently profitable, reaching an annual turnover in 2003 of over 470 million euros.

Chairman of Ernst & Young, James S. Turley, said: "These awards are about celebrating global entrepreneurship and the desire to continually innovate and expand. Tony's story is a truly inspirational one, on both these counts. We are delighted he has been selected to receive this year's award."

Over the next five years Jollibee will continue to expand its presence in China and elsewhere, staying one step ahead of the competition by recognising the requirements and tastes of local markets, and providing a high quality of service and product. As he says himself, Tony is Jollibee's toughest quality controller.

"Tony's success is due to his ability to innovate, to look ahead, and to build an exceptional brand," said Gregory K. Ericksen, Global Director of the Ernst & Young Entrepreneur Of The Year program.

"'The Jollibee indicator', based on the company's sales, is accepted as an unofficial measure of the health of the wider Filipino economy, and the company logo - a distinctive red bee - has become the Philippine national symbol of happiness."

The judges identified the ability of Jollibee to fund its own growth by reinvesting its profits. Tony still retains a 65% share of ownership. "This is a success story based on solid foundations, not a meteor that will burn itself out," said Howard Stevenson, Professor of Entrepreneurship at Harvard Business School, and Chairman of the judging panel.

Tony was selected as the World Entrepreneur Of The Year from a field of 31 entrants - each of whom has been named Entrepreneur Of The Year (EOY) in national or regional programs run by Ernst & Young.

Collectively, the 31 finalists in this year's WEOY awards program employ more than 375,000 people and represent approximately 23 billion euros in revenue.

The panel of 9 judges - all of whom are past participants in the Entrepreneur Of The Year program in his or her country - chose Caktiong as the recipient of the award based on written applications and meetings held throughout the course of the four-day event.

The WEOY program was established four years ago, and builds on Ernst & Young's 18 years of success in running national EOY programs. The EOY award was begun by Ernst & Young in the United States in 1986 to recognize entrepreneurs who had created and sustained successful, growing business ventures. Since then, the program has grown throughout the world, expanding to six continents and more than 100 cities.

In 2003, Narayana Murthy, founder and chairman of Infosys Technologies Limited, headquartered in India, was named the World Entrepreneur Of The Year. Other previous winners were Stefan Vilsmeier, President and CEO of BrainLAB AG, headquartered in Germany, in 2002, and Italian Paolo della Porta, President, Chairman and Group CEO of Saes Getter S.p.A, in 2001.

Notes to Editors

1. National/regional EOY programs

Currently, 35 Ernst & Young country practices run Entrepreneur Of The Year programs. To participate in national Entrepreneur Of The Year and World Entrepreneur Of The Year events, entrants must own or manage a private or public company, be primarily responsible for the recent performance of the company, and still active in top-level management.

2. WEOY finalists, 2004

Australia David Bussau AM Opportunity International
Australia Ltd.
Belgium Frans Michielsen Miko
Brazil Luiz Augusto Milano Matec Engenharia
Canada Donald Triggs Vincor International, Inc.
Caribbean Laurie M. Barnard St. Lucia Distillers Ltd.
Czech Republic Zbynek Frolik LINET spol. s r.o.
Denmark Michael Holm Systematic Software
Engineering A/S
Finland Vesa Keskinen Veljekset Keskinen Oy
France Bruno Rousset April Group
Germany Hans Georg Nader Otto Bock HealthCare GmbH
Hungary Dr. Sandor Csanyi OTP Bank PLC
India Ratan N. Tata The Tata Group
Indonesia Djoenaedi Joesoef PT Konimex Pharmaceuticals
Laboratories
Ireland Liam Shanahan Shanahan Engineering Ltd.
Israel Dov Moran M-Systems
Italy Nerio Alessandri Technogym
Japan Mitsuhisa Ishikawa Production I.G., Inc.
Malaysia Dato' Mohd. Nadzmi Nadicorp Holdings Sdn Bhd
Netherlands Paul Schouwenaar Zeeman Group BV
Norway Inge Brigt Aarbakke Aarbakke AS
Philippines Tony Tan Caktiong Jollibee Foods Corporation
Poland Krzysztof Pawlowski Ph.D. Wyzsza Szkola Biznesu - NLU
Russia Anatoly Karachinsky IBS Group
Singapore Mr. Ron Sim OSIM International Ltd.
South Africa Brian Joffe The Bidvest Group Limited
Spain Tomas Fuertes Fernandez Grupo Fuertes
Sweden Torsten Jansson New Wave Group AB
Switzerland Stefan Arn AdNovum Informatik AG
Turkey Suleyman Orakcyoglu ORKA Group
United Kingdom Robert Wiseman Robert Wiseman Dairies, PLC
United States John Mackey Whole Foods Market
3. WEOY judges, 2004

United States Howard H. Stevenson 2004 WEOY Judging Panel
Professor Chairman
Harvard Business School

Israel Yoram Alroy 2002 Israel Entrepreneur Of
Founder, CEO The Year
SHL TeleMedicine Ltd.

France Francois Delachaux 2002 France Entrepreneur Of
Chief Executive Officer The Year
Delachaux SA

Finland Eero Lehti 2003 Chairman - Entrepreneur
Founder and President Of The Year
Taloustutkimus Oy Judging Panel - Finland

Ireland Padraig O'Ceidigh 2002 Ireland Entrepreneur Of
Managing Director The Year
Aer Arann Express

Brazil Lirio Albino Parisotto 2002 Brazil Entrepreneur Of
President The Year
Videolar

Norway Stig Rem0y 2002 Norway Entrepreneur Of
Chairman The Year
Olympic Ship

Sweden Jens Spendrup 2003 Chairman - Entrepreneur
President Of The Year
Spendrups Bryggeri AB Judging Panel - Sweden

Singapore N L Wong 2002 Singapore Entrepreneur
President and CEO Of The Year
Venture Corporation Limited

4. About Ernst & Young

Ernst & Young, a global leader in professional services, is committed to restoring the public's trust in professional services firms and in the quality of financial reporting. Its 103,000 people in more than 140 countries around the globe pursue the highest levels of integrity, quality, and professionalism to provide clients with solutions based on financial, transactional, and risk-management knowledge in Ernst & Young's core services of audit, tax, and transaction advisory services. Ernst & Young practices also provide legal services in some parts of the world where permitted. Further information about Ernst & Young and its approach to a variety of business issues can be found at www.ey.com/perspectives. Ernst & Young refers to all the members of the global Ernst & Young organization.

5. About World Entrepreneur Of The Year

Ernst & Young created the annual Entrepreneur Of The Year(R) Award program in the United States in 1986 to recognize the most successful and innovative entrepreneurs. During the past 17 years, the Entrepreneur Of The Year Award program has expanded globally. In the year 2003, entrepreneurs from 31 countries were honored with their country's national Entrepreneur Of The Year Award. Ernst & Young is conducting programs in 35 countries in the year 2004. Each Entrepreneur Of The Year program honors successful entrepreneurs every year, and in so doing, brings to the public's attention role models for the aspiring entrepreneurs of tomorrow. The program provides a unique way of encouraging entrepreneurial activity and recognizing the achievement of outstanding men and women. For more information, see www.ey.com/weoy.

Contacts


Ernst & Young
William Mutton, +44 20 7951 0880
or
+44 7790 006 073
william.mutton@uk.ey.com
or
Will White, +44 20 7951 3264
+44 7771 555 247
wwhite@uk.ey.com

[jpasc]

Originally posted by ran
for those who are interested in starting their own business. serg's cafe is planning to do small franchising solution to have a Serg's Kiosks on malls. Kiosks(cart) type will offer different beverages of Serg's Cafe. For those who are interested on this type please email me privately at ran@sergs.com. FRANCHISING FEE will be waived for the first few interested applicants. We will help you on everything in starting the business.


Hi Ran,

This is interesting!!!

[zimdude]

wow. no lack of global talent in the Philippines :)

[omeng]

Highly recommended "The One Minute Manager" by kenneth Blanchard, Ph.D./Spencer Jonhson, M.D.

[zimdude]

Idea. Want to have a business book reading club? Read a book, meet and discuss. Had a thread on this before - "Business Books Reads and Insights."

Just picked up Entrepreneur 2004. Good that they reduced the amount of imported content - my pet peeve. Better that they got local people to write the IT column, and not the imported irrelevant stuff they used to have.

I wish there were a mag for both entrepreneurs, executives and employees alike.

[anne_373]

Originally posted by ran
for those who are interested in starting their own business. serg's cafe is planning to do small franchising solution to have a Serg's Kiosks on malls. Kiosks(cart) type will offer different beverages of Serg's Cafe. For those who are interested on this type please email me privately at ran@sergs.com. FRANCHISING FEE will be waived for the first few interested applicants. We will help you on everything in starting the business.

pretty interesting! can u send me an email about this matter. i mean all infos from the franchisin fee to equip

[OliverWood21]

I am still reading the 7 Habits by Covey. I admit, I cant read it full time. Inaantok talaga ako pag binabasa ko yung libro na yan e.

[BabadSaComputer]

Been "hoarding" quality, on sale books from National..... too many to read now. Finished reading Leapfrogging the Competition by Dr Oren Harari. Now reading Business @ the Speed of Thought by Bill Gates. Still looking for cheap but good books. Yung tipong P100 or less lang.... hehe. BTW, the Bill Gates book I just bought for P25. ;) :D

[omeng]

ha ha.. ang mura naman nyan.

si pareng max, inaantok yata pag binabasa yang ke bill gates. si pareng krakista naman sabi niya.. propaganda lang yan ni bill gates.. ha ha

oh well, that book is great. enjoy reading.

[zimdude]

I haven't read it, but I agree with Krakista and believe reviewers who say Gates' book is B.S.

For 7 Habits - well treat it as a seminar. Read, sleep on it, reflect and write on it, read again ...

[OliverWood21]

Ditto zimdude
Hanggang ngayon, nasa 1st habit pa lang ako. :D I have to admit, the 7 habits is not really as entertaining as I wanted it to be. Pero mukhang that 7 defined habits would be very vital if one wanted to become a successfull entrepreneur.

Uyy, may bagong issue na naman ang entrepreneur Mag ngayon. :cool:

[lehboy]

Grabe galing nung sa Jollibee, talagang kaya naman talaga ng pinoy kung gugustuhin lang niya.

[BabadSaComputer]

Yep.... medyo "monotonous" yung Gates book. Nsa page 90+ pa lang ako, parang paulit-ulit lang yung sinasabi niya. Yup, he just wanted to advertise Microsoft products..... ;)

[Krakista]

Jollibee is not just expanding stores but also in hours. The nearby Jollibee in Welcome Rotonda is now 24 hours. So they're not only battling the 24-hour Wendy's Sampaloc nearby but also legendaries Grand Inihaw and Encounter Disco Pub. :rotflmao: Grand Inihaw and Encounter are prolly the longest living nightclubs in the Philippines and now they're sandwiched by two big companies--PLDT and Jollibee.

I've read Covey's 7 Habits. I've also listened to the tape over and over again. Anyone care to convert my tape to CD? :)

[zimdude]

Jollibee EDSA Central is also announcing 24H operation.

On the other hand, they are promoting unhealthy eating among Pinoys. :|

[omeng]

Babad, he he.. tutuo yan.. but it really make sense. some pinoy firm are now doing it. "paperless office"

[zimdude]

Ows, have you seen one? I don't think paper can go away soon, it's a cultural habit. Heck, I'm a software developer but I don't use PDA's. I prefer writing notes (work or not) on paper.

[omeng]

:D

if i found the site, i will post it here. (Accounting firm)

i believe so also. not so soon in the philippines.

paperless (what i understand) means not totally eliminated the paper, etc.. but just less paper works.

interesting articles..

http://www.law.mq.edu.au/Units/law404/Robert%20D%20Nicholson%20J%20Paperless%20Court.htm

[sayuri_succubus]

Originally posted by zimdude
. Heck, I'm a software developer but I don't use PDA's. I prefer writing notes (work or not) on paper.

Same here. I like my notes tangible and I find it easier to locate them if put 'em in notes. Hey, Lucio Tan prefers yellow paper when writing notes :D


If you wanna read a book about Bill Gates, check out
The Plot to Get Bill Gates (http://www.amazon.com/exec/obidos/tg/detail/-/0812930061/002-7373329-0668811?v=glance) . Its basically a "tell all" history of how he killed his competition during the golden years of silicon valley. Bill Gates also started reading business magazines like Forbes and Fortune when he was a kid because that was the only reading material available at home. The book also tells how M$ missed the dot com boom. I love this book. One notable thing is when a reporter goes to visit the head MS office, the reporter must always be followed by a guide in the MS premises and they actually keep a file of each reporter and what articles that person has released about M$. Hehehe, parang FBI, parang spy....parang spyware...spyware=microsoft xp. :P

[zimdude]

Many people think the same about PDA's, hence their declining sales in favor of Smartphones.

That's a trend to watch out for - in how many years will majority of cellphones be Smartphones - where you can load programs.

[angel02]

Hello guys,

I have finally made it...I am opening up my boutique this June 11. Please help me advertise. If you have time...please visit na din.

Dressing Room will have its opening sale this coming June 11 to 13. Items for sale include shoes, bags, clothes, slippers, and other accessories. Come and visit the boutique at 102 Poinsettia St., Sonia Subd., Dela Paz, Pasig City and avail of the 10% discount on all items. FYI, place is walking distance from Sta Lucia East Mall/Robinsons Metro East Mall.

For more info, please call/text 09209222219.


Thanks! :)

[omeng]

sayuri.. $25 nyeh.. hintayin kong maging P25 then bili ako. :)

angel02.. congrats and goodluck. medyo malayo ako.. pero pag napalapit ako o may pupuntahan banda dyan.. visit ako.

cheers to you.

btw, cool ang "Dressing Room" na name. *** naka-isip nyan? :)

[angel02]

omeng...thanks! :) promise mo yan ha, pag nagawi ka dito banda sa amin, text mo ako at daan ka! :) about the name...yes, ako nakaisip! :) sana nga maging okay tlaga business. money from 8-5 work is not enough tlaga eh! need to have other sources of income. btw, if you have meetings pala, i might be able to join na. at least kahit pano may maisha-share na ako! hehehehe!!

[omeng]

yeah sure. why not go to ENTREPS NIGHT OUT. you can promote your DRESSING ROOM for 1 minute. advertise it for free!!! c'mon, see you there very soon. :)

[Krakista]

Greetings from Singapore! :wave:

I was at the Singapore Expo all day for CommunicAsia, EnterpriseIT, BroadcastAsia 2004 exhibits. Met some old friends from HongKong and my old Tel Aviv connection. Had lunch together with a group of Pinoy visitors whom we met at the PLDT booth. Yung mga consumer electronics booths rito may kasama pang models in tight-fitting tops and miniskirts. Samsung rules. Pati ang PLDT nakisama at may dalawang nakadisplay. :D

[omeng]

har har :D

[sayuri_succubus]

This is very good news for the coconut farming industry and most importantly our coconut farmers :D

Virgin coconut oil wins the war of oils

By Cesar C. Villariba Jr.
Inquirer News Service

http://www.inq7.net/nat/2004/jun/16/nat_9-2.htm



Fife corroborates Dayrit's findings by citing a recent TV interview of Earvin "Magic" Johnson. The former National Basketball Association (NBA) Most Valuable Player, who now plays with the Globetrotters, attributed his rebound from being HIV-positive to a significantly reduced viral load to "the coconut diet."

In a recent symposium, Fife cited scientific data to debunk the saturated fat-heart disease link. "Natural coconut oil is heart-healthy," he said. In fact, it is one of only two dietary oils (the other is omega-3 oil) that reduces blood stickiness that leads to heart disease.

[omeng]

cool.

may nag pa demo sa amin niyan yesterday. di ko ininom.. kasi alam ko pinapahid lang yan.. =)

[justine_mommy]

hey omeng! ngayon lang uli ako napadaan dito. basa ko sa kabilang thread (working for starbucks) that you want to be a barista also? baka makatulong ako, i worked there for 3 years at sobrang ok yung company, great working environment, they know how to treat their partners (we are called partners) so if you have some questions with regards to their office, stores, etc. just email me - star_rizza@hotmail.com

pagsabayin ko ba pagiging barista and computer shop owner... hi hi hi...

[girlalou]

ey! mga young entrepreneurs! i am planning to start my own food business. may nakita nakong place, will check it out pa lang next week. ang prob ko ngayon is the money. i don't have that much capital. a friend of mine would want to invest. i just don't know how investors work in a business. would any of you know? explain nyo naman sakin... i'm not sure kasi kung halimbawa *** friend ko mag-finance ng lahat, para mabayaran ko sya magiging parang part owner sya ng business (kasi nga sya *** lumalabas na investor), may porsyento sya sa kikitain ng business. un na *** pambyad ko sa kanya. ganun b un? advisable ba ang ganun? help naman. thanks!

[mcgyver8]

speaking of books....

I will be giving away an ebook for you young entrepreneurs out there.

For a short period of time I will be giving away for FREE the ebook of http://www.internationalbookstore.biz/icm

This ebook is packed with information on how you can create online wealth even if you are not a techie!

So what's the catch?

We have a staff-get-member contest for credit card applications and I wanted to be on the top.

All you have to do is to fillup a FREE application form for credit card, fill in the details specially on the lefthand side where there is a "Dash for Cash" portion. You have to sign under the signature of applicant. I'll just fill up the referror name.

Then fax it to 755-5139

What are the requirements?

If you have an existing credit card, there's a portion there 'other credit cards', just enter there your card details.

If you do not have an existing credit card, just fax a certificate of employment, or your latest ITR.


So how do I get the ebook?

After faxing, just email me at noel@internationalbookstore.biz and I will reply and attach the ebook. That's it. It's that simple.


Is the credit card free?

Yes, absolutely. No joining fee for the first year. You don't have to use it if you only want to get the ebook.

So how do I get the application form?

Visit this site.

http://www.internationalbookstore.biz/apps/apps.htm


Promo is until June 29. All faxes must be in since our contest is up to June 30 only.

[omeng]

mcgyver8.. ay sayang wala akong credit card.

girllalou.. just read the entire thread.. you will find the way.

justine.. check your mail pow.

hello to all. :)

[BabadSaComputer]

I have a question regarding the application of a business permit, mayor's permit, etc. for a corporation in Mandaluyong. Their website requires cedula, brgy clearance, police clearance, health clearance, etc.

Should we submit the clearance of each incorporator or is it enough to have the clearance of just one?

Please help! thanks! :) :) :)

[zimdude]

No idea... but what's your business? I'm also based in Mandaluyong.

[omeng]

babad.. celuda ng corporation nyo yun. its P500.. hindi ng bawat individual.

ang business permit at mayors permit halos iisa lang yan.

ang healt clearance.. dun din manggaling yung sa munisipyo..

gudlak.. iwas sa lagay.. he he

[omeng]

Just attended BIR seminar.. yuhooo.. lapit na rin matapos ang mga papers namin.. ang seya seya..

ang mga pinagusapan.. penalty dun.. penalty dito.. ha ha

buhayyyy.. :)

[SILENTMAX]

Originally posted by omeng
babad.. celuda ng corporation nyo yun. its P500.. hindi ng bawat individual.

ang business permit at mayors permit halos iisa lang yan.

ang healt clearance.. dun din manggaling yung sa munisipyo..

gudlak.. iwas sa lagay.. he he

nakanang ang bilis mo naman mag reply i was also about to respond

tama si omeng you submit as one corporation di na hiwalay hiwalay. although it slightly differs from town to town the core requirements cedula, brgy clearance, police clearance, health/sanitation permit. are always consistent

idol ko si omeng..... bow

saya nang bir seminar no? ten to 1 pag labas nyo dun nakalimutan nyo na lahat yung mga form numbers and its corresponding use. hehehehhe sa rami talaga ako di ko matandaan na hehehehehe....... kaya andyan si allan para acountant wahehehehhehe.

[BabadSaComputer]

Thanks Boss Omeng and Master Max! :) Confused pa rin ko dun sa mga brgy clearance and other clearances.... you mean we need to get those clearances in Mandaluyong city hall? Right? And not from our respective barangays or police precint? Nalalabuan kasi ko eh kung sa mandaluyong kami magpapa-clear kasi di naman kami nakatira dun.... how will the brgy or the police clear us? :confused: Tama ba? Na-coconfused na talaga ko.... :(

We have 5 incorporators, that means each of us should go to Mandaluyong City Hall to clear ourselves? Then submit all of our clearances together? ganun ba yun? :confused:

Di open yung municipyo ng weekends noh? :confused: :confused: :confused:

Thanks ulit ha! Medyo slow ko eh... hehe :D

[BabadSaComputer]

BTW, startup pa lang pala kami...... failed to mention kanina... hehe :D

[SILENTMAX]

bring your sec papers of incorporation to the barangay hall dun ka magpa clear. wala syang bayad usualy pero abutan mo narin nang 100.(naku magagalit sakin nyan si boss omeng) yung police clearance check mo muna kung required talaga for the permit. then kung required nga go to your mandaluyong main precint and dun ka magpa clearance.(but usualy police clearances are "individual" as i have never registered a corporation before medyo grey area sakin to)

[BabadSaComputer]

Ah... I see.... ganun pala yun.... di kasi in-elaborate ng website ng mandaluyong eh.... hehe. :D

Yun din yung iniisip ko kaya *** kayo tinanong mga gurus.... kasi anu naman yung i-cl-clear ng police? Alanganin namang yung corporation, eh startup pa lang... tsaka artificial being naman yun. Requirement ng mandauyong yung police and health clearance eh for mayor's permit.

Ang di ko maintindihan kung *** kelangan pang mag health clearance kung corporation.... kung magkasakit man o sumakabilang-buhay yung isang incorporator (knock to the wood), meron namang right of succession yung corp. eh. It remains existing for the next 50 yrs.... ewan ko ba? :shrug: A good excuse to tax somebody.... hehe :D

[pinay24]

Originally posted by omeng
ha ha.. ang mura naman nyan.

si pareng max, inaantok yata pag binabasa yang ke bill gates. si pareng krakista naman sabi niya.. propaganda lang yan ni bill gates.. ha ha

oh well, that book is great. enjoy reading.

[QUOTE]Originally posted by zimdude

I haven't read it, but I agree with Krakista and believe reviewers who say Gates' book is B.S. [/QUOTE

B.S nga daw yong book nya. Guys wag kayong bumili ng book ng Clinton. Sayang lang oras nyo.

[pinay24]

Originally posted by omeng
ha ha.. ang mura naman nyan.

si pareng max, inaantok yata pag binabasa yang ke bill gates. si pareng krakista naman sabi niya.. propaganda lang yan ni bill gates.. ha ha

oh well, that book is great. enjoy reading.

[QUOTE]Originally posted by zimdude

I haven't read it, but I agree with Krakista and believe reviewers who say Gates' book is B.S. [/QUOTE

B.S nga daw yong book nya. Guys wag kayong bumili ng book ni Clinton. Sayang lang oras nyo.

[omeng]

he he.. si idol max.. i see max fifteen years from now.. billionaire na yan.. ako mga 30 years pa.. he he

babad.. i think yung "heatlh clearance" yan yung "sanitary permit".. i just don't know kung tama nga.. OA naman yan.. pati police clearance.. magkaganunman.. individual yan.. pero hindi rin eh.. ha ha.. ay gulo.

naka-pag file na ba kayo sa SEC?

eto kasi ang basic:
SEC
Barangay
City Hall
BIR
SSS

[GOwin]

has any of you registered your company/enterprise as a "Barangay Micro Business Enterprises"?

Am thinking of having mine registered. Mukha kasing maraming di pamilyar dito eh.

Read the above link. You'll be surprised with what benefits you can get from registering as a BMBE.

Links:
Republic Act No. 9178 - Barangay Micro Business Enterprises (BMBEs) Act (http://www.dti.gov.ph/contentment/66/69/675.jsp)
Impementing Rules and Regulations (http://www.dti.gov.ph/contentment/66/69/689.jsp)

[BabadSaComputer]

Omeng: Ah! At least mas klaro na.... mag-reregister pa lang. Nag-bo-browse lang me sa site ng Mandaluyong, tapos na-encounter ko yung mga requirements nila. Labo kasi nila eh.... di man lang inexplain.

Anyway, thanks and Godspeed to our future billionaires, Omeng and SMax! :)

[BabadSaComputer]

(a) "Barangay Micro Business Enterprise," hereinafter referred to as BMBE, refers to any business entity or enterprise engaged in the production, processing or manufacturing of products or commodities, including agro-processing, trading and services

Tanong: Yung "trading and services" na sinasabi sa taas pertaining to "agro-trading" and "agro-services" lang? O trading and services in general? Quite confusing kasi eh... :confused:

[BabadSaComputer]

(a) "Barangay Micro Business Enterprise," hereinafter referred to as BMBE, refers to any business entity or enterprise engaged in the production, processing or manufacturing of products or commodities, including agro-processing, trading and services

Tanong: Yung "trading and services" na sinasabi sa taas pertaining to "agro-trading" and "agro-services" lang? O trading and services in general? Quite confusing kasi eh... :consfused:

[omeng]

he he.. sarap mangarap.. ha ha

Babad.. you better register your name in SEC (internet) kung walang kapangalan, good.. pag meron na.. better isip ka ng limang ibang pangalan.. gulo ba? he he P150 yata o P120 ang reservation for that.

then you've got 90 days(divide mo na lang kung magkano per month) para irehistro mismo sa SEC.. teka inaantok na ko. next time

Gowin.. BMBE? sa paranaque.. la wenta.. nung meyor pa si meyor na hindi na meyor at hindi rin congresman.. eh putcha.. busy masyado sa mga kababaihan.. walang inatupag kundi mag tv guesting, mag-golf.. ayun hanggang ngayon.. di pa approved dito yan.. kesyo, idedeliberate pa.. eh langya.. ginagawa na nga sa ibang city.. yung mga biz friends ko nga.. bad trip.. ang paranaque hindi(tingin ko) business friendly. pero ok lang.. di ko hahayaang hadlangan nila ang mga ambisyones ko.. bwahahaha.. ambisyoso ako eh..

ganyan talaga ang buhay.. minsan dapat tawanan.. lalo na sa munisipyo.. maraming komikero.. pati nag-xe-xerox.. si xerox man.. malupet!!!

buhay nga naman... :)

[BabadSaComputer]

Omeng: Yup! Nasa SEC na by this time yung articles et al namin c/o one of our incorporators. 30 days lang pinareserve ko eh. Taghirap eh, hirap mag-shell out ng P120... hehe

Ganyan naman ata halos sa lahat ng gov't agencies eh.... palakasan system plus under the table transactions.... ssshhhh!!! ;)

Pero, tsong, anung biz ba yung sinasabi mu, para at least may idea kami kung anu yung applicable sa BMBE... labo kasi ng scope ng BMBE eh.... like I said in my previous post.... :)

[GOwin]

@babadsacomputer
it refers to trading and services in general.

(don't take my word for it. am not a lawyer. :))

@omeng
merong automatic provision yun BMBE act. if your (complete) application was not acted upon in 15 days by the local treasurer's office, your application is deemed approved. So they have to reject it first kung ayaw nila.

the LGU does not have the option of implementing it or not.

[omeng]

from other board:

Ever wondered how millionaires got to where they are right now? Then join Entrepreneur Philippines' 40th Networking Night entitled "SELF-MADE MILLIONAIRES AND HOW THEY MADE IT" on June 29, 2004, 6 PM to 9 PM at Tavern on the Square at Greenbelt 3 and learn their secrets!

Should you wish to confirm your attendance, please send an email with subject: Networking Night with the following information (name, company, position, email) to raymond.darilag@summitmedia.com.ph or call us at 637-1976. Only emails with complete info will be accepted. Successful registrants will receive a corresponding reply.

[omeng]

be back tomoro :)

[omeng]

i just attended CSE 5th kapihan entrepinoy. It's cool. dami akong natutunan at ok at networking ko. sayang pareng max. P500 is sulit. i approached all the speakers.. the last one was very cool. i told him that in 5 yrs.. i will meet him again to show my millions in my pocket.. ha ha

Gowin, the second speaker was good. he advised me regarding BMBE in my town was to transfer my head office in where there is implemented already. maybe in QC.

hail to Centre for Small Entrepreneurs!

[omeng]

btw, the first speaker was great too. we had this small chat after her time. so much to learn pa ako talaga.. he he

pareng max yung 30 yrs long term goal ko.. gawin ko na lang in 25 yrs.. bwehehe

oy mga pogi.. attend na kayo sa ENTREPZ NIGHT OUT!

hello angel02.. see you there and promote your great "Dressing Room" biz!

[omeng]

Babad.. may site yang BMBE na yan eh.. ill try to look then post the link here.

[BabadSaComputer]

Master Omeng: Sipag mung mag-post ah!!! Idol ko talaga mga PExers dito!!! Basta wag niyo lang kaming kalimutan pagmayaman na kayo ah! Share the blessings kumbaga! ;) BTW, thx in advance dun sa link na i-popost mu. *okay*

[omeng]

he he

i was in BIR last tuesday. their line was offline then. dang! sayang ang pagpunta ko. ipaparehistro ko na sana ang mga books of accounts namin.

what i did na lang was.. makipagkwentuhan sa mga empleyado.. and you know what is the latest great big news at BIR?

he he

our beloved president wants to privitise this goverment agency. galing no. ang seya seya.. ayun nakakulokot ang mukha ng nagkukwento.. after fifteen years daw eh mawawalan na siya ng trabaho..

hahayyyy.. i love gloring!

pareng max.. suportahan ba natin parin? he he

[GOwin]

@omeng re registration of head office as BMBE
akala ko you have to register it wherever you operate (ie, your QC head office status as BMBE is not applicable to a branch in Manila)

re privatization of BIR
what other countries have privatized Internal Revenue organizations?

@babad
the BMBE law is widely encompassing. 3M assets maximum lang requirement. You can be involved in any kind of business.

[BabadSaComputer]

hmmm..... tax all they want?

[omeng]

yuhoooo.. at last.. SSS na ako pupunta.. he he

i was there (BIR) this afternoon. i talked to the other staff there regarding privitization of the agency..

she said.. "kanino mo nabalitaan yan? ngayon lang?"
i said.. "no last week pa madam".
she said.. "kesyo inihahanda lang daw sila sa kanilang mga "FEELINGSSSSSS"

hahayyyyy buhayyyy

Gowin.. i am not that familiar.. that's why i bought the book of mr. sanchez. his second book new revision.. nandun daw ang systema.. di ko pa binabasa kasi.. yung ke jun garing kasi ang binabasa ko pa.. the superb selling secret.. cool ang book. :)

[SILENTMAX]

omeng:
for better or for worse sya na president natin kahit di sya yung gusto kong president lets unit and support parin pare pareho naman tayo sa isang barko. mag tulungan nalang

current book: currrently reading the labor code of the philipphines 2002-2003. ang saya saya basahin :P grabe kasing laki nang pldt telephone directory

uy o nga pala:
i will be speaking at a seminar in DLSU-D on july 9 if anyone here goes to lasalle dasma and would like to see me make "kwento" about business
pls pls pls punta naman kayo para kahit papano may audience naman ako.

[SILENTMAX]

This Jolly man deserves his 'langhap sarap' success
Posted: 8:54 PM | Jun. 26, 2004
Margie Quimpo-Espino
Inquirer News Service


A FEW months ago, Jollibee Foods Corp. founder Tony Tan Caktiong was sitting beside a lady who was telling him about her meetings with top leaders like the Emperor of Japan and even President Gloria Macapagal-Arroyo.

He politely asked who the lady was and was told she was a Rockefeller in charge of the Foundation of one of the richest families in the US.

At that time, Tony Tan was in a bit of a quandary. Jollibee had become international food firm and had beaten McDonald's in the Phillippines as the number one hamburger chain in the country. Its overseas expansion had been set in place and its local acquisitions seem to be dominating in their respective niches.

Tan, whose family could not even afford to go to then, already had enough personal wealth to set him for life.

The problem was friends had been prodding to do more social works and a part of him wanted to do so.

But the Rockefeller heir told him, "If you focus on your business and you do good, that's charity because you employ people and you generate revenues for your country. People think that charity is just attending socio-civic activities and raising funds. If you do that and your business goes down, people will lose their jobs."

Tan says those words set him straight and although he can leave his job right not and not go hungry the rest of his life; and although his wife wants him to retire and enjoy their fruits of their 25 year labor, hanging his coat is still far from the 53-year-old's mind.

Entrepreneur of the year

Tan granted SundayBiz a rare one-hour interview recently. This came in the wake of his winning the 2004 World Entreprenuer of the Year award of Ernst and Young, one of the world's top accounting firms.

"It was shocking," says the chemical engineer graduate of UST of his feelings when the winner was announced. Jollibee bested 31 other entrepreneurs in the world including the US, Britain. Although Tan says they were not really told of their scores, he says the judges told him later that their decision was unanimous.

More surprising still was the stir the win created in the Philippines. Major newspapers (including the Inquirer) splashed their front pages with the story and a photo of a victorious Tan with his family.

"I was really surprised at the stir it created. My friends said it uplifted their spirits. And especially since this came in the wake of the win of Gerry Ablaza as Telecom CEO of Asia, and that student who won the speech contest, and before all these, Manny Pacquiao. . . "

Winning an international award was not really part of the vision of the Tan siblings when they set up a food venture 29 years ago. Although Tony says going international was.

Humble beginnings

Tony's beginnings are as humble as the lives of some of the people Jollibee serves everyday.

He is the second of seven siblings. His parents came from the Fujian province of China. His father was a cook in a Chinese temple. Which was why he and his siblings studied in a Buddhist school-the Philippine Sakya Academy. His father's employ was their ticket to getting an education. They were all given scholarships to study.

All of them did well in school and lack of money was not a hindrance to their getting top grades. Nor to enjoying life.

"We were poor but my mom did not make us feel we were. We had no new clothes but our clothes did not have holes. She made sure we did not beg. We could not afford going to movies so our enjoyment during weekends was going to Rizal Park and playing there. We did not have too much food but walang sayang (nothing was wasted). As a family, we did not feel poor. We managed to make ends meet."

When Tony was 11, his father was invited by a friend to set up a Chinese restaurant in Davao. The family packed their belongings and took a boat to the South.

By Grade 6 he was enrolled at the Davao Chinese High School where he finished secondary school. The restaurant did well. He and his brothers and sisters were made to help-just little things like bringing water to the customer. At times he admitted they created more mess than help but they all learned the restaurant business.

Tony had always excelled in math. He was among the top three best in Math in his school. His Math teacher told him, "If you want to pursue this and you want to go overseas, you go to school with a name."

He took his teacher's advice and took up engineering at the University of Sto. Tomas. He was the only one who studied in Manila. But plans of going abroad had to be shelved. He got married right after graduation and Tony says pressure to earn was immediately there.

Inheriting his father's entrepreneurial streak, Tony saw a poster in school about an ice cream parlor looking for franchisees. He decided to go into business. His father lent him the initial capital and he immediately set up two ice cream parlors-one in Cubao and the other in Quiapo.

Typical of Chinese families, his siblings went to Manila to help. He and his wife managed the Cubao branch while his brother and a sister handle Quiapo.

That was the era of the ice cream parlors-where families would have their chocolait parfaits or milkshakes, or the students would give their birthday treats.

Tony says the ice cream business did well. And being hands-on, they always talked to customers. "They would tell us, you know sometimes, we are hungry, we cannot just eat ice cream."

Guarded secret

The father's culinary talent came out in his children and Tony's sister had a good recipe for hamburgers. This was used and soon the sales of the burgers were outpacing ice cream.

Today this recipe remains a guarded secret. Only a few people in the company know and they are all required to sign a confidentiality agreement, according to Tony.

In 1978, the family decided to become a burger restaurant and changed its name to Jolly Bee from Magnolia Ice Cream House. After a few months, they shortened the name to Jollibee or happy bee with the animal symbolizing industriousness and spreading sweet things while moving around.

The choice of the word jolly is very appropriate to Tony who admits he rarely gets angry. "Mistakes don't make me angry but dishonesty does."

The bee has been working non-stop and today Jollibee has 467 branches with eight branches overseas including the US, Hong Kong and Brunei. It also has acquired other foods businesses-Chowking, Greenwich, Delifrance, Tom's Teriyaki and recently it acquired 85 percent of Yonghe, a fastfood chain in China with 91 branches.

In 1981, McDonald's the giant American burger chain, invaded Philippine shores. Tony says the US firm actually helped boost their business. Jollibee adjusted and adopted many of the systems of McDo.

Later on it adopted a two to one strategy-building two Jollibee outlets for every McDonald's branch. In 1981, Tony says they spent the whole year's profits on advertising.

What made him believe in marketing was observation. "I saw that all the big companies advertised. So I thought it must be right to do so."

But while they are ahead of McDo, he likens their competition to boxing, "McDonald's created competition and made us alert. We can't relax. The last punch can knock you down."

Asked how he has been affected by his success, Tony says "I enjoy it not in terms of money to spend but that I can create something."

He adds that the frugal yet comfortable lifestyle he had growing up has remained. And this has been acquired by two of his three children. And even her mother still expects the same conservative lifestyle.

"When we travel with my mom, and we book business, she'll complain. We tell her we want her to be comfortable but she replies that if she thinks of the additional expense she feels uncomfortable!"

His two children, who studied in the US, also complain if they are given business class tickets when they go home. His son who finished computer and business is now working in China; his eldest daughter has the desire to help people and is now teaching English in China. The youngest is still studying.

He can very well afford to buy the latest equipment for his new hobby-photography. His favorite genre is people. "I try to learn people but I don't have time!"

Tony admits raising of the children was left largely to his wife who had initially helped him in business. He says his wife still remains a valuable advisor in Jollibee although she no longer gets involved in the day to day operations.

On the whole, Tony says they were quite lucky at the growth Jollibee achieved. There is really no secret except taking to heart what his father told him decades ago, "If you're a tailor you make sure the shirt fits your client; if you're in the restaurant business, you make sure your food tastes good."

This is the secret of Jollibee-better tasting burgers and extremely crunchy chickenjoy (which actually sells more than the burger) than the relatively bland taste of its competiors. Thus the phrase "langhapsarap" has endured for over 20 years now.

[SILENTMAX]

"But the Rockefeller heir told him, "If you focus on your business and you do good, that's charity because you employ people and you generate revenues for your country. People think that charity is just attending socio-civic activities and raising funds. If you do that and your business goes down, people will lose their jobs."

Tan says those words set him straight and although he can leave his job right not and not go hungry the rest of his life; and although his wife wants him to retire and enjoy their fruits of their 25 year labor, hanging his coat is still far from the 53-year-old's mind."


amen -max

[OliverWood21]

I dont know if it qualifies here in this thread but what do you people think about the Water Refilling Station Business? I dont intend to Franchise (besides, I don't have that much money to buy a franchise) but I want to build a name of my own. However, I am still having reservations of its profitability and feasibility. I would appreciate any kinds of advice. Thanks

[GOwin]

Unless you can find an un-served area, i think the water filling station already saturated the market.

@silentmax
galing talaga ng storya ng jollibee no? and they're a corporation with a dynamic and forward-thinking culture - a reflection of how the business is managed.

[SILENTMAX]

Myrna Rodriguez-Co
Inquirer News Service


BOTH Cebuanos of Chinese descent, Wilson Ng and Melanie Chua have more things in common than the home province and cultural roots.

Both belonged to well off but hardworking families where business was a way of life. They grew up with business role models around-parents, grandparents, relatives, friends. Off days from school were an opportunity to be young apprentices in the family enterprise.


It was taken for granted that both would join their respective family businesses when the time came.

Wilson did carry on Ng Khai Foods Inc., a seafood processing business, when his father died in 1988. He dutifully came back from an Information Technology job in Taiwan to put the ailing business back on its feet, though his heart was elsewhere.

When the company was stable and his younger sister was ready to manage it with their mother, he felt free to chase his own dream-to establish an IT company.

Four months into their marriage, Wilson and Melanie established a business selling computer software and applications for business. Wilson called it Ng Khai Development Corp.-a tribute to his father, Calixto Ng, whose nickname was Khai.

Ng Khai Development started with P400,000 borrowed from Wilson's mom. Its first office was a small room at the back of the food processing plant. It was big enough for a staff of four-Wilson, Melanie and two programmers. Best of all, it was free.

Their first project was a program software for the retail business of Wilson's businessman-friend. It took two people four months to finish it. The fee was P20,000. The second was a pawnshop application developed by one person in five months. The fee was P7,000.

Both projects did not make money for the young company.

All Wilson planned to do was to develop and sell custom-made business solutions and software packages. As his client base grew, his customers insisted on buying hardware from him as well. In time, he carried Microsoft software, PCs, printers, canners, notebooks, networks and processors.

Meanwhile in 1997, Melanie set up Premium Concepts, a retail chain selling novelty gift and décor items. The chain consists of a boutique and three kiosks. At the kiosks, buyers get to design and assemble their own costume jewelry from an array of materials.

Competitive edge
Today, Ng Khai is the leading computer company in the Visayas-Mindanao area-a feat achieved with a combination of luck, hard work and competitive edge.

At the outset, they had at their disposal the considerable family resources. Initial capital and office space was an accommodation of the Ng family.

Wilson himself is not so much a "techie" as a management person. There are business people who do not understand technology, he explains, just as there are IT people who do not understand business.

Ng Khai tries to bridge the gap between business and technology.

There are many IT companies, but most sell machines and care little how they are used. Wilson says that his company sells business solutions, not just machines.

But his biggest competitive edge, Wilson says, is having a wife like Melanie, who handles the details so efficiently that he is free to look at "the bigger picture." Competitors cannot get close because "...they do not have my wife."

Growth and spin-offs
After 11 years, the company has grown manifold. From being a four-man company, Ng Khai now has 110 workers and covers Visayas and parts of Mindanao.

Regular customers are 300 and still counting and they account for 90 percent of sales. Wilson reckons 50 percent of their suki companies are small and medium businesses.

They now carry an array of well-known brands of machines. They are the No. 1 partner of HP, IBM, Microsoft, 3com and Symantec I in Cebu. They also lead in business solutions.

The Department of Trade and Industry has a nationwide "Computers for Schools" project. For this, Hewlett Packard invited Ng Khai to be its deployment partner.

In 2002, the firm distributed 10,000 computers to 500 schools. This year, they will distribute more.

In the last five years, Ng Khai has entered into strategic alliances with American and Japanese software development firms.

Thanks to the Internet, Wilson's IT team can communicate daily with counterpart teams in Japan and the US--collaborating on software projects, sharing files, supporting each other. One of the best-known products of this collaboration is the Japan Forex Software.

The collaboration led to business spin-offs. The first was Accountmate Philipines, put up as a joint venture with an American company. The second was Npax Corp., established with a Japanese partner. Other spin-off companies followed, including a software solutions shop in Metro Manila called Evista Technologies.

Cyclical
Business is cyclical, Wilson says. The IT business perked during Y2K. Now it is experiencing a slump.

But by far the biggest problem the company has to deal with is people-attracting and retaining the best IT talent.

Fresh graduates need several months of additional training before they begin to be fully productive. And when they are, they leave for higher-paying jobs abroad. And so goes the vicious cycle of hiring and training and letting go and hiring again.

Rewards
Wilson and Melanie do not lack the trappings of success. They take pride that Ng Khai has represented the Philippines in many international IT fairs-like the German Cebit Fair, the German Messe and the Japanese Software Mission.

It won the DOST's (Department of Science and Technology) Search for National Excellence in 2000 and bagged prizes in international software-making competitions.

On June 21, Wilson won the Outstanding Entrepreneur Award, IT category, given by the Cebu Chamber of Commerce and Industry.

But more than these awards is the sense of fulfillment that creating a business of their own has given the couple-one built on their own terms, around their own vision.

(Watch out for the book "Dreamers, Doers, Risktakers: Focus on Couples" to be released soon by the UP Institute for Small-Scale Industries and the Small Enterprises Research and Development Foundation.)

[SILENTMAX]

oliverwood ive done a little feasibility study on water reffiling stations and i have some contacts rin pero ...........

you have to attend the entrep networking night this tuesday to pry the information off me :D

pls pls pls pls

eto lang ang once a month eb natin. it coincides with the entreprenuer magazine networking night kasi for ease of veneu and organization. at least dual purpose one for the magazine and one for this thread

[omeng]

Wow si pareng max, nag-eespeak speak na rin. Idol talaga. open forum ba yun? magtatanung ako.. he he

ei guys, bukas na ang ENTREPS NIGHT Out. SEE YOU THERE!!!

[omeng]

Most of that kind of Business is franchising. meron pa ngang MLM niyan. maybe look for the cheaper one. baka mas makakatipid ka. pero iba na rin kasi pag kilala na ang brand. mas gwapo ang dating syempre. well.. i don't know much about this biz.. goodluck anyway.. ;)

[omeng]

pareng max, cencia na.. nauna na kami ni mike. may meeting pa kasi ng grupo. till then again. be ready to your sponsorship. he he

[omeng]

support SME's

[SILENTMAX]

i will post an excerpt from a manny pangilinan speech which im leaching to include to a speech im doing on friday at de lasalle dasmarinas where i will be a guest speaker dahil success daw ako kuno. :D (itaas ang mga bandera nang mga young entrepreneurs kumikita man o hinde :D )


The highly regarded leader was asked what he attributed his success to. He replied. It was due to making good decisions. He was then asked How do you make good decisions. He answered Experience. How do you get good experience.he again asked. and this he said with a smile..... By making bad decesions


You see failure sometimes is very important It wakes you up becouse you take risks and learn especialy if youre still young.

make the mistakes! live the life!
what doesnt kill you will only make you stronger.

[pbrg]

I have a question lang, I dont know much about this kse... Im planning to apply for a sole prop paper sana, possible ba na under one company yung photo service (for events like bdays) and food carts (we will franchise, rent a stall but plans to use it for parties din). Bale parang party coordinator style...

Thanks

[sayuri_succubus]

Yo guys, I'm looking for a t-shirt supplier :D http://www.pinoyexchange.com/forums/showthread.php?s=&threadid=174417

Anyway, I'm also looking into putting up a food cart biz, specifically a french fries food cart, parang Potato Corner. I was thinking of getting a franchise, kaso naghihihinayang ako sa franchise fee, alam mo naman tayo kuripot...este "frugal" is the word. You guys have any idea what is the start up capital for this kind of biz. Any input would be appreciated

Mahalo plenty :D

[SILENTMAX]

pbrg:
you can regester under one name all of your "line of business" just make sure you have all your planned business registered at the dti when you apply for a business name. now regarding mayors permit if its a different location you need a different set of permits pero if its at the same location di na.

sayuri:
i get my t-shirts at divisoria. i forgot which stall. pero suki na ako dun so i get it really cheap.

about the fries:
i highly suggest you save up for the potatoe corner. all in yan when you pay for that 150k (250k na ba? pls correct me) you get everything na. stall, equipment and franchise fee.trust me it will be worth it saving up for.

update on nacho king. ive studied it for the long term and have come to a conclusion that its not a viable franchise operation. theres not enough of a market for the product.

[pbrg]

Originally posted by SILENTMAX
pbrg:
you can regester under one name all of your "line of business" just make sure you have all your planned business registered at the dti when you apply for a business name. now regarding mayors permit if its a different location you need a different set of permits pero if its at the same location di na.



Thanks. Btw, regarding the permits naman our office who will handle the photo service/party shop and food carts will be in Makati but yung food carts will be in Legarda... so I have to apply pa din ng isa pang permit kahit yung company is in Makati?

[SILENTMAX]

different location different permit :)

so yes you will need an different mayors permit along with a sanitary permit to operated the food business.

[Krakista]

Originally posted by omeng
our beloved president wants to privitise this goverment agency. galing no. ang seya seya.. ayun nakakulokot ang mukha ng nagkukwento.. after fifteen years daw eh mawawalan na siya ng trabaho..

hahayyyy.. i love gloring!

Originally posted by SILENTMAX
omeng:
for better or for worse sya na president natin kahit di sya yung gusto kong president lets unit and support parin pare pareho naman tayo sa isang barko. mag tulungan nalang
Privatization is the only way fire these corrupt government officials who have always invoked their so-called career service security of tenure. Our President is doing the right thing. Let's just hope she succeeds.

More posts when I come back. :)

[pbrg]

Originally posted by SILENTMAX
different location different permit :)

so yes you will need an different mayors permit along with a sanitary permit to operated the food business.

Thanks

[sydneydevera]

hi there! it's good to read all these biz messages. i learn a lot from them.

i want to set up a small family business when i go back sa Pinas next year. i love cooking/baking while my husband is into computers. is setting up an internet cafe still profitable in Manila?

i want to pursue my dream, to be my own boss, however, i'm still one of those people who has an 8/5 job to save the capital needed to start up the biz.

magkano kaya ang magiging capital sa ganitong biz? salamat.

[ichi]

just wondering...which location has the least requirements for a business permit?

paranaque is asking too much and its becoming more of a nuisance....

any opinions about this?

[SILENTMAX]

ichi: best person to ask that is mr omeng he is in paranaque doing business

here in cavite things are ok naman di masyado mataas but i hear in makati they will charge you an arm and a leg for permits.

sydneydevera: for more info i will direct you to entrepreneur philippines
at entrepreneur.com.ph
or netrepinoys.com for more info

computers centers are still ok but its like any other business
and its not on a hot streak right now.




btw guys: its set i will be speaking to 300-500 BA students
at lassale dasmarinas alumni building 1-3pm
tommarow about starting a business and success factors. pray for me i hope i wont choke.

god help me


i will try to post a transcript of the speech here when im done

[ready2go]

ichi... yup, paranaque has a lot of requirements... ano bang line of business na balak mo... maybe i could help in your licensing. :)

if you're looking for another location, i suggest las pinas... madali ang application... 4 days okay na lahat (without bribe)... or if you have 2k-3k to spare, half day lang okay na (with bribe) :glee:

i have businesses both in lp and pque... :)

hello max :wave:

tuwing kelan ang entrep nights? maybe i could go (tagal ko na gusto pumunta, no time lang)... will really make an effort to be there next time. ;)

r2g :coolhat:

[SILENTMAX]

ready2go:
musta?

i just finsihed my speaking engagement. i think i cracked up on stage read to fast and continously. i was reall nervouse at the end of the seminar. i gave this short "trying hard to inspire" speech. i post ko sya ngayun. a lot of it is quoted. and i dont think its really good.



BA seminar july 9 2004:
by maximillan javalera

I was invited here to give you a talk about computer centers but I saw this as an opportunity to talk to you about entrepreneurship. And mostly in your case Young entrepreneurship. In an excerpt from the millionaire next door by Stanley danko
A professor once asked a group of sixty MBA students who were executives of public corporations this question:
what is risk?

One student replied:
Being an Entrepreneur!

His fellow students agreed. Then the professor answered his own question with a quote from an entrepreneur;

what is risk? Having one source of income. Employees are at risk.... They have a single source of income. What about the entrepreneur who sells janitorial services to your employers? He has hundreds and hundreds of customers.... hundreds and hundreds of sources of income.




There are financial risks in being an entrepreneur. But we as entrepreneurs have a set of beliefs that help reduce the risk or perceived risk that is in our view


-I'm in control of my own destiny
-Risk is working for a ruthless employer (being fired today tomorrow or next month)
-I can solve any problem
-the only was to become a CEO is to own the company
-there are no limits on the amount of income I can make
-I get stronger and wiser everyday by facing risk and adversity



You must think who is this young dude talking to me about being an entrepreneur. He must be a fool trying to make me an entrepreneur having a business is risky and its hard work. I could loose everything if I go bankrupt




Ill read you an excerpt from a speech many pangilinan made recently

The highly regarded leader was asked what he attributed his success to. He replied. It was due to making good decisions. He was then asked how do you make good decisions. He answered, “experience”. How do you get good experience? And this he said with a smile. By making bad decisions.

You see failure sometimes is very important it wakes you up because you take risks and learn especially if you’re still young.

To all the people with doubts. I say you can be successful that’s the dream right. Stick to you dreams focus on your goals work hard. You got to work at it don’t let it come to you swim towards it. And more likely than not you will make it.


Now you may ask what’s the good in being an entrepreneur. But I want to help other people. Not just greedily make money for myself.

My answer to this young entrepreneurs and I will quote john gokongwei. Is we need young people who will find the idea grab the opportunity, take the risks and set aside comfort to set up a business that will provide jobs.

But why jobs?

Jobs are what allow people to feel useful and build self-esteem. Jobs make people productive members of the community. Jobs make people feel that they are worthy citizens and jobs make a country worth players in the world.

In that order of things it is the entrepreneur who have the power to harness the creativity and talents of others to achieve a common good this should leave the world a better place that it was before but most especially help our fiscally distressed country.

There’s this piece on the news that when Tony tan received an award for entrepreneur of the year. He got a chance to talk to a really wealthy woman with the name of Rockefeller
“the Rockefeller heir told him, "If you focus on your business and you do good, that's charity because you employ people and you generate revenues for your country. People think that charity is just attending socio-civic activities and raising funds. If you do that and your business goes down, people will lose their jobs."

Tan says those words set him straight and although he can leave his job right not and not go hungry the rest of his life; and although his wife wants him to retire and enjoy their fruits of their 25 year labor, hanging his coat is still far from mind."

In ending I’ll leave you with this entrepreneurship is risky and you will have to work hard at it body and mind but I guarantee you this. It is fulfilling.

Do you think ton tan henry sy john gokongwei and even bill gates still work because they want more money?

They are doing all this for the love of entrepreneurship. They love entrepreneurship as an art. Like how an artistic painter likes to paint. They like their work.

Do you want to be the masters of your faith? Captains of your of your own destiny?

Do you want to be truly independently and free?

Don’t you want to help others uplift their life thru jobs?

Live the life.

I challenge you to be a young entrepreneur.

[ichi]

Thank you for your replies!

ready2go: The main line of business would be advertising.

Arrgghh...im beginning to hate paranaque already....hehehe

but anyway...
Thanks again for your help :)

[BabadSaComputer]

Very inspiring speech, Boss Max! Hey!, your given name is my second name.... just that it's spelled as Maximilian..... hehe

Regarding again your speech, you said that you're suppose to talk about computer centers, pero mukhang diniscuss mu yung entrepreneurship as a whole...... hehe, just my observation. Peace! :)

[omeng]

I love you Max. pautang. =) ha ha

hayup sa speech. "do you want.. don't you want.. or do you want?".. nag "amen" ba ang lahat?

congrats men.. you didi great. keep it up. so kailang ka ba ma-pi-feature sa "almost famous ng "entrepreneur magz? he he.. looking forward to thatn.


ichi.. regarding permits.. yes.. madami talaga.. in my baranggay palang.. malupet na. but dont get intimidated. it's ok. hindi pang habang panahon ang pagkuha ng permit. take that as a challenge. naks.. para pepermit lang.. ha ha

go on with the permit.. bago na ang meyor.. malay natin.. later on magbago na rin ang mga patakaran at maging business friendly ang paranaque. take it easy.. ang maasar talo. okies?

goodluck to your advertising firm business. by the way, we have a good venue to place an ads in sun valley. just let me know if interested. again goodluck.


pareng babad.. kumusta? ayus na ba ang corporation natin dyan? i hope, tuloy-tuloy na yan.

ready2go.. what's your business? you want my magic uling? he he

sydneydevera.. yah.. you may go to that site.. www.entrepreneur.com.ph ... my netrepinoy will go for a change kasi. you will learn a lot also there.

[omeng]

Originally posted by Krakista
Privatization is the only way fire these corrupt government officials who have always invoked their so-called career service security of tenure. Our President is doing the right thing. Let's just hope she succeeds.

More posts when I come back. :)


hello there pareng krakista! I was in BIR last tuesday to get my O.R.

If we gonna look at that scenario, everybody will benefit from it. But the macapagal administration had this past history of corruption, so we just cannot deny that fact, i mean, others may think that this is another source of income. oh well.. who the hell am i. basta kami ni pareng max, suportahan namin yan.. "si pangulo ang driver ng titanic.. then kapag ibinunggo sa iceberg.. sorry na lang kami.. he he

anyway.. sabi ng isang empleyado sa BIR.. naka-programa na raw lahat. maybe in three or five years from now.. papatupad na yang privitization. as claimed, it was the idea or it was designed by this IMF.. if that's true.. then you are correct of saying those corrupt employees.. but on the otherhand.. the one who will handle that firm.. will.. oh well again..

[ichi]

omeng...thanks for the support! yeah, im thinking of it as a challenge and i think putting a deadline on myself just increases the stress.

are you from sun valley?! hahaha...if ever you are, im just from aeropark!..hehehe

[omeng]

yah.. i'm from sun valley.. i am thinkin of an org that will be called "society of sun valley entrepreneurs".. tru that, we can create more business, jobs, etc.. hahayyy.. sarap mangarap.

release the stress! :p

[ichi]

omeng...then world domination...every entrepreneurs goal hahahah

good luck to you!

[ready2go]

max:
oks lang ako... musta ang cafe mo? hindi ka na umorder sakin ng baked goodies. :D

ichi:
saan ang office ng advertising firm mo? i'm currently putting up a magazine, all is set, ang kulang na lang advertisers / accounts... maybe you could help us

omeng:
marami akong business pero ang current bread and butter ko is a network gaming cafe (ragnarok anyone? :lol: ) ; my other businesses include an I.T. company (software development, web designing) and a small store of baked goodies (http://bakedgoodies.blogspot.com) ; i'm also an investor / partner in an antique shop and the start-up magazine i mentioned above ; currently, naghahanap ako ng pwesto para malagyan ng squid ball / kikiam / gulaman cart! :)

[SILENTMAX]

readytogo. my other parners shot it down tsong. we currently dont offer fresh food. all are tetra packed.

good luck on your new venture. more power to you tsong!

[sydneydevera]

thanks for the info. i'll try to look at the site. so, i-cafe is not really that hot, ha? well, guess, i have to plan some more...i'm thinking of bringing home some of the things which can only be bought from this country. kind of cheap here, but thinking also of repackaging it and make it look presentable.

then all i have to do is to look for big time buyers and then.... nangangarap lang po!

if i don't dream now, kailan pa, di ba?! hehehe!

[ichi]

ready2go: Its supposed to be in Paranaque but as of now, Im thinking of putting up an office in Makati. Its not yet established though but I'll tell you as soon as I'm done with all the papers... which is pretty soon... i hope...hehehe :)

omeng: Hmm...that organization seems like a good idea, ok lang ba kahit hindi taga sun valley?...hehehe

[omeng]

halu halu.. :)

ichi.. ok lang.. basta tayu ka ng negosyo sa sun valley and you will get same benefits.. naks.. idea a nga lang eh.. ha ha

if this things will push.. i will invite you. pero baka.. next year pato or.. i don't know.. :)

but you too can build there in aeropark. actually, there as re some talks about this program(society).. soon.. ang sun valley magkakaroon ng sariling bangko.. he he.. we will stand alone. araguy!

ready2go...daming palang negosyo mo bosing.. basta pag gusto mo ng magic uling ko.. sabi ka lang.. he he

sydneydevera... that's great.. dream.. dream big.. yan ang mag-da-drive sayo sa rurok ng tagumpay.. ha ha.. but im really serious.

pareng max.. see you soon. niyari ka ni babad.. he he

saan na si idol krakista.. malamang tumatakbo na naman ang metro na walang bayad..he he.. henyo talaga.

babayu

[Krakista]

Greetings from the suburbs of New Jersey. :wave: I am here in the hotbed of telecoms.

[SILENTMAX]

kakrista:
dude pare what you doing ober there?

pa uwi mo naman kami nang snow.
i fed ex mo nalang para mabilis :))

[so_close]

hi guys,

im also interested in putting up a small business, im a fairly new pexer, im having a hard time following business threads here,

can anyone help me out?

thanks

[zimdude]

si Krakista ang guru diyan... ;)

does anyone want to swap business books?

I have the Inner Game of Entrepreneuring in mint condition. ISBN 0585210209

[omeng]

what kind of small business so_close?

zimdude.. you want world executive digest? year 83

max.. what happen to mini? im not that thrilled. how about you?

krakz.. enjoy!

[SILENTMAX]

mini?
its a 10 year leash. its a good stop peg on your way to the top but its too restricting. its a good solid and sure income but problem is its not exponential. pero sure shot sya na income. it is really good for ofw's good for retirement people. and is also slighty good for people like me as a point of diversification. im still in. pero im still oberserving hindsight is always 50/50 kaya im procceding with caution.

[zimdude]

omeng... 1983? is that still timely? well I'm looking for a good book, not a magazine :)

[so_close]

omeng,

just a small-time business i can put up with a less than 50thou investment, any suggestions or ideas sir?

its amazing that you guys really read books about entreneurship.. rock on :)

[junben_c]

omeng, magkalapit lang pala tayo. taga better living ako. pwede sumali sa society of entrepreneurs? here's my number 0920 3026259. thanks

[SILENTMAX]

im posting po my entire seminar that i gave out last week at dlsu-d students bsba course

to the comments po pls amatuer po ako. this was my first speaking engagement. i know its crappy if its painful to read i suggest i scroll down nyo nalang :) thank you po.


1 introduction


Honestly I don’t think I’m qualified to be here, as I’m not much of a success I’m really more of a work in progress. But as I’m here already I just ask that you bear with me. As I tell you a little bit of myself.


When I was young my work experience started, working as a volunteer Janitor in Elementary school and also was part of the school cafeteria crew. I also part timed as a book salesman in Jr. high.

My mother was one of the early ofw’s she worked as a caregiver for the elderly In the US. 3yrs later when I was 8 years old she came back and took me with her to the states, and soon after my sisters and father also came.

I grew up in a middle class family and although we weren’t poor. We could not afford the luxuries in life. As it is we lived a very modest life.

Seeing the affluent and well off people in America gave me the drive to succeed it gave me determination to focus and give my concerted effort to have a better life for myself.

After 7 years in the states my family moved back to the Philippines due to Family and Financial reasons. You see even if you live in the states and work hard the high cost of their living will catch up to you. And this will not guarantee you a comfortable and posh life.



When I was in high school to earn some additional money I bought toys electronic gadgets and NBA cards from Divisoria and sold it here in Cavite. It was hard work since I carried my entire inventory commuting all the way Divisoria and back. But you know what I was having the time of my life. You see generating your own income does that to you. It gives you a certain pride and it made me feel important. Having saved enough from my many profitable ventures (though there were some failures) in 3rd year college when I was going here at Dlsu-d. I started my computer center. With 5 computers and Within 2 yrs I grew the business to 32 computers and later expanded to Dasmarinas where I operated at a profit after 1 year. But due to local laws was forced to re-locate it to lotus central mall in imus. Last year I opened Café Nueno to cater to the ab crowd. It offers luxurious surroundings Dsl Internet access (the first in imus at that time) and good tasting coffee matched with great ambiance.
Later this September I will be opening my 4th branch back here in Dasmarinas Cavite. At the newest lifestyle strip that is terminal 1.it will feature 1mbs dsl Internet access at least 30 computers and the best ambiance I could afford for you to have a place to relax and enjoy. I hope when it opens you could all drop by.

I have been in the computer center business now for 5 years and thankfully am still making a little bit of profit. But the best and most sweetest of all I guess is that I am debt free.

Ok now that’s done and over with lets start.


2. Preparing a business plan

sun tzu said. Make many calculations a battle is won not on the field and the battle ending has already been decided upon even before the first sword is drawn. It is merely played out.

A Business plan can be as simple as a thought in your head and as complicated as a 10-page report it all depends on how you want to do it.

Try to start jotting down info or details in a 3x5 notebook.

Stalk a similar business check out the premises check out the buyers.

See if it will actually be viable for you and if you would take the time in actually making the effort to make it succeed.


What is your projected initial investment

Stalk a similar business check out the premises check out the buyers.

Have a time recorder on the people traffic
morning noon night and ask around. ask the street vendors how their doing. They are more open if you buy from them. You will find out from this if the place is high commercial traffic

Do u like the business?

Do u know the business or can you pay someone (not depend) to handle the business?

Ok the brash details:
capital?
Operating capital?
How long can you sustain the business?
Is it profitable? 3 month figures 6-month figures 1 year up to 3-year figures?
How long before the roi? (Return on investments) is this really what you want?
Wait and see. If its right for you then go ahead but if your unsure wait and see.
Remember most people have a counter negative point to a positive point you put out if your interested in a business. But remember your will to succeed should be the basis of your path.
If you were really interested in learning how to make a business plan or feasibility study get some business books at national and you would be well on your way.




3Getting financing
Dishonest money dwindles away but he who gathers money little by little makes it grow proverbs 13:11

Your initial capital would most likely come out of your pocket and then some would come from your family and friends. The next step would be to get a loan from the bank assuming you have collateral.
Success is what people like to see
its like a disease

a good disease

if your cash strapped
all you have to do is show people what success you can do with the limited amount of money and if your successful in it they would see it. One of the greatest ironies in getting loans in banks is that the more banks see that you don’t need the loan the more they will lend you the money.










4. HR (hiring the best people you can afford)
Hiring the best people you could afford to head the operations is essential. You will rise and fall thru your management. Excellence is hiring the best people for your operations
Hiring people to man your shop or attendants are a different matter. I believe in training systems in that given a complete manual even an employee with only high school level attainment could be trained properly for you specified cashier or attendant jobs.

In taking care of your employees
As much as possible you should be a friend of your employees while doing a balancing act of being the boss. It is also important to implement incentives and bonus but you must keep sight of your payroll budgets and employee performance






5.Good times and bad times

There’s this Japanese saying that goes
Some people curse the dark because there is no light
But there are some who chose to light a candle.

In my 5 years of computer center operations. I have Experiences the worst of times and have also been fortunately been blessed with some of the best sales of times.

In business there’s always a cycle. In some you will go months without making a profit just barely scratching out to break in. but when the up cycle begins this is the most enjoyable moment. But what you should do is that when you are on that cycle you should save up your surplus profits and put it in an operational buffer. So that when your are at a down cycle again this surplus is what would save you.

Remember you should have at least 3 months overhead buffer for your operations. Just enough for utilities payroll and for your loan payments.




6.Technicals

According to john Barlow the first experiment in cyberspace was a man name Alexander graham bell looking for someone named Watson.

With that in mind let’s start with the technicals in computer centers

I wont really go in detail about the computer technicals as this would take the whole day so ill just give you an overview.

-acquire the best computers that within your budget. If its Pentiums or athlons whatever your choice. A good monitor would be 17 inches in size.

-at least 10 or more computers any less and the meralco bill payments will kill you having less is not feasible at all.

-Lan setup. Hire a really good networking technician. Your internet and networking connections are just as good as your line. Try to place this as a high priority.

-Visualy striking computers are a must

-For trouble shooting. It is important that you get an able computer technician on site. Or if you want to save try to learn about computer troubleshooting. This will save you a great deal on repair fees.

-each day your computer is down it is not earning it income. Similar to a broken down taxi.





7.Service

There’s a company philosophy that says, “we price and sell service our technology or products are merely buckets to carry it in”

You’ve also heard that the customer is always right. But this does not always hold true. What you should do is make the customer think that he is right. And try to go from there.

You should always put the customers first and let them take advantage of your service. You must give them every opportunity to benefit from your service they must always think that they are getting a little bit more from you than what you should give out. Here in the Philippines we cal it nakakalamang. This is a win-win situation. You get a loyal customer and your customer gets all the service and them some out of your business.





8. Dealing with the government and the bir

And Jesus said. And give unto Caesar what is Caesars and to god what is due to god.

Before you start your business you should register for a business name in the dti.

After that and you have a location already spotted you then would apply for a mayors permit and pay the accorded dues.

After you’ve gotten your shop together up and running. And have gotten all the necessary permits you would then go to the bir and have your business registered and have your books issued. This is where you also get your right to issue receipts permit.





9 niche innovations and setting the standard.

The journey of a 1000 miles starts with a single step. Dream big dreams only big dreams have the power to move men’s souls.



Later on in business when you have over come you incubation period and have established yourself. You will observe niches in the market. Niches are side profit opportunities that are on a different side of your core main line of business. What you do with that information is what opportunities are made of you can choose to take hold of it or to let it pass. This will be entirely up to you.

Setting standards in business is essential what you envisioned your business to be it should your benchmark and be no less than that. It is your quality level and level of standards that set you apart from your competitors.






10Marketing.

To state to you how important marketing is I’ll read you this story

A blind man sat on the steps of a building with a hat by his feet and a sign that read: “I am blind, please help.” A creative publicist was walking by him and stopped to observe he only had a few coins in his hat. He dropped a few more coins into his hat and without saying anything, took the sign, turned it around and wrote on it. He placed the sign by the blind man’s feet and left.




That afternoon the creative publicist returned by the blind man and noticed that his hat was full of bills and coins. The blind man recognized his footsteps and asked if it was him who had rewritten his sign and he wanted to know what did he write on it?

The publicist responded: “Nothing that was not true. I just rewrote your sign differently.” He smiled and went on his way. The blind man never knew but his new sign read: “Today is spring and I cannot see it.”

Change your strategy when something does not go your way. Present yourself in a different way when things are not working out. A change in outlook can turn your life around



It is imperative that you set aside a percent of your gross sale into marketing/advertising. Tony tan owner of jolibee said that he used 1 year’s profit of jolibee into advertising to improve brand awareness. In edsa there’s a billboard that says a business without a sign is a sign of no business.

There are many ways of advertising and although you may think that will cost you cast amounts of money and will only make your overhead rise it is essential to your business that you advertise.




Entrepreneurship short speech.


I was invited here to give you a talk about computer centers but I saw this as an opportunity to talk to you about entrepreneurship. And mostly in your case Young entrepreneurship. In an excerpt from the millionaire next door by Stanley danko
A professor once asked a group of sixty MBA students who were executives of public corporations this question:
what is risk?

One student replied:
Being an Entrepreneur!

His fellow students agreed. Then the professor answered his own question with a quote from an entrepreneur;

what is risk? Having one source of income. Employees are at risk.... They have a single source of income. What about the entrepreneur who sells janitorial services to your employers? He has hundreds and hundreds of customers.... hundreds and hundreds of sources of income.




There are financial risks in being an entrepreneur. But we as entrepreneurs have a set of beliefs that help reduce the risk or perceived risk that is in our view


-I'm in control of my own destiny
-Risk is working for a ruthless employer (being fired today tomorrow or next month)
-I can solve any problem
-the only was to become a CEO is to own the company
-there are no limits on the amount of income I can make
-I get stronger and wiser everyday by facing risk and adversity



You must think who is this young dude talking to me about being an entrepreneur. He must be a fool trying to make me an entrepreneur having a business is risky and its hard work. I could loose everything if I go bankrupt




Ill read you an excerpt from a speech many pangilinan made recently

The highly regarded leader was asked what he attributed his success to. He replied. It was due to making good decisions. He was then asked how do you make good decisions. He answered, “experience”. How do you get good experience? And this he said with a smile. By making bad decisions.

You see failure sometimes is very important it wakes you up because you take risks and learn especially if you’re still young.

To all the people with doubts. I say you can be successful that’s the dream right. Stick to you dreams focus on your goals work hard. You got to work at it don’t let it come to you swim towards it. And more likely than not you will make it.


Now you may ask what’s the good in being an entrepreneur. But I want to help other people. Not just greedily make money for myself.

My answer to this young entrepreneurs and I will quote john gokongwei. Is we need young people who will find the idea grab the opportunity, take the risks and set aside comfort to set up a business that will provide jobs.

But why jobs?

Jobs are what allow people to feel useful and build self-esteem. Jobs make people productive members of the community. Jobs make people feel that they are worthy citizens and jobs make a country worth players in the world.

In that order of things it is the entrepreneur who have the power to harness the creativity and talents of others to achieve a common good this should leave the world a better place that it was before but most especially help our fiscally distressed country.

There’s this piece on the news that when Tony tan received an award for entrepreneur of the year. He got a chance to talk to a really wealthy woman with the name of Rockefeller
“the Rockefeller heir told him, "If you focus on your business and you do good, that's charity because you employ people and you generate revenues for your country. People think that charity is just attending socio-civic activities and raising funds. If you do that and your business goes down, people will lose their jobs."

Tan says those words set him straight and although he can leave his job right not and not go hungry the rest of his life; and although his wife wants him to retire and enjoy their fruits of their 25 year labor, hanging his coat is still far from mind."

In ending I’ll leave you with this entrepreneurship is risky and you will have to work hard at it body and mind but I guarantee you this. It is fulfilling.

Do you think ton tan henry sy john gokongwei and even bill gates still work because they want more money?

They are doing all this for the love of entrepreneurship. They love entrepreneurship as an art. Like how an artistic painter likes to paint. They like their work.

Do you want to be the masters of your faith? Captains of your of your own destiny?

Do you want to be truly independently and free?

Don’t you want to help others uplift their life thru jobs?

Live the life.

I challenge you to be a young entrepreneur.

[SILENTMAX]

what do you think po? pwede na ba ako maging writer?
the parts po where theres a big blank is where i give examples and give out my thoughts on the matter. sorry po la po ako hard copy nun impromtu na sya.

[zimdude]

Max ma man, that's really good! I'd like to help you polish that article and let's get it published! Why let only a few people hear it?

Now here's something that will really challenge your skills.

http://www.mit.edu/afs/athena/org/p/peso/

Philippine Emerging Startups Open (PESO)

PESO is an entrepreneurship competition modeled after the MIT $50K Entrepreneurship Competition. It will allow you to:

Connect. Network with other aspiring and experienced entrepreneurs and knowledgeable people in industry and the academe, and build your high-caliber team.

Create. Write, refine and pitch your business plans.

Catalyze. Accelerate your concept-to-market process and get support from the PESO network even after the competition is over.

[Krakista]

SILENTMAX, summer ngayon dito. I'm in New York now. I'm actually posting this in a cafe a block away from Empire State Building. Anong gawa ko dito? Namamamasyal sa Luneta. :D

[froshie1]

I have two jobs. One is I'm working in a large American firm and second as a technical consultant in a leading medical transcription company.

Can I call myself as an entrepreneur? Ang binebenta ko services ko. Hindi pa kasi ako makapag-hire ng ibang people dahil wala pang maraming clients.

Ang pag-coconsulting ba ay entrepreneurship na din? hehehe

Btw, SILENTMAX ang galing ng sinulat mo! Shinare ko tuloy sa mga friends ko na basahin iyong sinulat mo. Pagpatuloy mo yan kaibigan!

[travy]

ano magandang biz ngayon? mayroon bang emerging opportunities?

[SILENTMAX]

migs. tnx for the support. sure pare go ahead. it will be cool to see my name sa isang article somewhere. libre kita jolibee pag ma print :D

froshie:
when you send it to friends could you pls attach
"dlsu-d BA seminar july 9 2004:
by maximillan javalera" para makilala naman ako na yung writer nya :)


im a wanna be writer kasi. i like to write in my leisure time.i write letters i write poems i write anything under the sun. :) im going to write for this new car magazine published by summit. i gave the editor an offer he couldnt refuse "i'll work for free" hopefuly my writing is acceptable to him so i could finaly have some of my writings published

[zimdude]

Libre mo ako ng isang Jollibee Franchise? :D

Sige. I'll get your work spread out. :)

[froshie1]

alright SILENTMAX!

[Krakista]

I'm here right now in someone's basement in the suburbs of Illinois. Nakikitulog lang po pero may kapalit. Nagpapasetup lang ng VoIP switch. Hopefully, mamayang konti libre na lahat ng tawag ko sa Pinas. :D

I was thinking we could build other businesses besides Call Centers using a U.S. telephone number. What do you guys and girls think?

froshie1: Sa ganong paraan baka puwede ka pang tumanggap ng mas maraming project.

[Pepguy]

Hi, did any of you guys attend the Franchise Expo last weekend. Any of the new franchises caught your attention? What are your comments on that Mobile Carwash franchise?

[omeng]

That's very cool max. That's very cool. I wish more luck and moolah. stay that attitude.

Regarding mini, i just said that im not that thrilled because of 50-50 (master list) they are offering. remenber sun valley mini? that's the one im talking about. the monthly net is not that big. as you have said.. "mga retired OCWs" pwede. But in my case, can't be. one of our donut outlet in airport can come up with that figure with little supervision. Im planning to call them this week (mini) to disreggard the offer. And to YOU.. Goodluck.

[omeng]

hi pepguy, yah.. carwash mobile got my attention. ganda nung chick eh. he he

rule of thumb when franchising.. "yung may pangalan at matagal na sa industriya".


pareng max.. pwede bang i copy and paste ko to sa kabila? sa Netrepinoys? thanks

[omeng]

travy, anu bang hilig mo?

froshie1, you may go full time if you already can. mas rewarding. :)

[omeng]

zimdude.. in my opinion yes, it's still timely. some of the business book always mentioning this digest. anyway, it's ok. nagpapabili nga ako ng bagong book ni donuld trump.. "how to get rich". good day to you.


so_close.. will you go full time with that capital? what kind of business do you really want? or you just want that money to grow? food? etc.. there's a lot of opportunities out there. just explore.

by the way. i may offer you our hi-tech uling, but if you're not like it.. it's ok. i can give you sample and make some demo.


junben_c... thanks for the ring. i will let you know if we have stocks.

[SILENTMAX]

omeng: dude pawe have you watched yung kay donald trump on chanel 5 on mondays 8pm
lots of lessons to learn. "the aprentice"

naks meron na outlet sa airport. pare stay south lang tayo laki nang promise nang south ngayun. swerte tayo south tayo. if what i hear is true mag boom ang south due to new infrastructure's

oh yeah copy paste na yan :D

[omeng]

Dear friend of Entrepreneur Philippines,

Are your hobbies burning holes in your pocket?

Then join Entrepreneur Philippines' 41st Networking Night entitled "TURN YOUR HOBBY INTO A BUSINESS" on July 27, 2004, 6 PM to 9 PM at Tavern on the Square at Greenbelt 3 and learn how your hobby can make you rich!

The Networking Night is a casual business get-together hosted by Entrepreneur Philippines Magazine and is open to both existing and aspiring entrepreneurs. This month, we have invited Ditoy Aguila of Sound Crew, Emma Pante of Color Me Mine, and Ann Miranda of Gawang Kamay Plus to share their experiences.

Entrance is free and food and drinks are on us but since many would like to attend and we can only accommodate up to 150 guests (for the free food and drinks), please confirm your attendance at least a day before the event.

Should you wish to confirm your attendance, please send an email with subject: Networking Night with the following information (name, company, position, email) to raymond.darilag@summitmedia.com.ph or call us at 637-1976. Only emails with complete info will be accepted. Successful registrants will receive a corresponding reply.

Thank you and hope to see you there!



Raymond Darilag
Marketing and Promotions Associate

[omeng]

nakapost na bosing. thanks

kitakitz sa NETz NAYTz

[omeng]

i just heard it last week about that program pareng max. i will definitely watch that.

i saw donald in oprah. dang! ganda nung gurl na anak niya. modelo. mukhang siya ang magmamana kesa sa guy na son.

ang mahal ng book niyang bago. $20.. wahhhh.. :)

[froshie1]

Originally posted by Krakista

froshie1: Sa ganong paraan baka puwede ka pang tumanggap ng mas maraming project.

Oo nga eh. Meron ka bang ma-irerecommenda? hehehe. Balak ko nga magpakabit ng DSL. Balak ko kasi, mag sysad work sa mga companies sa US. Meron ksi akong kilala client nya nasa US tapos sya sysad dun.

Pero malamang mga light work na muna tatanggapin ko kasi medyo busy na din.

So mga guys, entrepreneur na din ba tawag sa akin? Maski puhunan eh utak lang. Hehhee.

[GOwin]

"utak" ang pinaka-importanteng puhunan.

mas mahalaga pa sa cash yan.

[zimdude]

Originally posted by omeng
zimdude.. in my opinion yes, it's still timely. some of the business book always mentioning this digest. anyway, it's ok. nagpapabili nga ako ng bagong book ni donuld trump.. "how to get rich". good day to you.


It's a short book. You can read it in a few hours standing up at Page One :)

I also have some John Maxwell books but they're lent out to friends.

Re: utak as capital - ako rin! I think doing sysad work for foreign companies is great, if you can handle the legal liability aspect.

Re: turning our hobby into our business - I've been doing that for so long... that's it no longer a hobby! On to the next hobby.

Do you think the next Summit event is worth it? Now, I have the time... but I have no company (much less position) to speak of. :lol:

[summit012]

Originally posted by zimdude


I also have some John Maxwell books but they're lent out to friends.



I've been listening to John maxwell tapes for motivation. galing talaga.

[SILENTMAX]

migs: all you need is the "Dream"

[summit012]

and extreme desire (napoleon hill) :)

silentmax: galing ng speech mo...carry on boss max

[Krakista]

Originally posted by summit012
and extreme desire (napoleon hill) :)
Napoleon Hill's Think and Grow Rich isn't mainly about desire. I suggest you read it again. If it was mainly about desire, Hill would have titled the book Desire and Grow Rich.

[summit012]

-

[summit012]

-

[summit012]

Originally posted by Krakista
Napoleon Hill's Think and Grow Rich isn't mainly about desire. I suggest you read it again. If it was mainly about desire, Hill would have titled the book Desire and Grow Rich.


you r right..its not all about desire. the book have 15 chapters and one compliments the other. I believe the author does not intend to make the readers believe that thinking alone can do the "trick" that's why he wrote 15 chapters. otherwise he could had stop writing after finishing chapter 1.

actually I'm referring to chapter 2. with subtitle "The starting point of all achievement".

lets talk about opportunities :)

[Krakista]

Summit012, actually yung "think" na yan repeated in practically all the chapters by Mr. Hill. You might want to ask, what drives desire?

Speaking of opportunities, puwede nang magtayo ng call center sa bahay. Yung 1-5 seat na call center. You don't have to rent expensive offices in Libis, Ortigas, Makati or Boni for that. Just tested it this morning and it worked. It's just a box you need to attach to your broadband and you can make and receive calls to the US. Startup costs for setting up a call center have gone down and affordable now to the small entrepreneur.

[travy]

Originally posted by Krakista

Speaking of opportunities, puwede nang magtayo ng call center sa bahay. Yung 1-5 seat na call center. You don't have to rent expensive offices in Libis, Ortigas, Makati or Boni for that. Just tested it this morning and it worked. It's just a box you need to attach to your broadband and you can make and receive calls to the US. Startup costs for setting up a call center have gone down and affordable now to the small entrepreneur.

ok yan ah. what do you mean by "box"? how much would it cost to set up that mini call center?

[Krakista]

The box is a piece of equipment you simply attach to your DSL or Cable Internet and a telephone set. It should cost less than PhP 10,000 per seat. I foresee sooner or later some people now employed in call centers will later resign and set up call centers on their own as they gain experience. This morning I received a call with a California caller id. It turned out to be a call from the box sent back to Manila. Later, I called back the number from a Sprint PCS phone and got a ring and an answer.

BTW, just came down from the Sears Tower in downtown Chicago. I have postponed my trip to L.A. due to some unfinished business here.

[sayuri_succubus]

http://www.entrepreneur.com.ph/images/jollibee.jpg

This is from http://www.entrepreneur.com.ph btw

[Krakista]

McDonald's first store in Des Plaines, Illinois has been a museum for some time. Chicagoland really has lots of museums. I wonder if Jollibee will someday do the same with their Coronet, Cubao branch.

[zimdude]

I've always wondered which of the Jollibee branches is the first.

[SILENTMAX]

anybody going to the interview?

im already registered :)

share a seat win a friend :)

[omeng]

nak nam! sali me max!

jolibee now in cebu pacific - mnl-cebu-mnl-dvo-mnl

[omeng]

patalastas:

need 1 staff in my office. clerical type. bookeeping most. near paranaque or paranaque mismo. if interested, send resume' to entrephil@yahoo.com

thanks.

[omeng]

nakup pareng max, i forgot to email them. baka ubos na ang seats. :(

[orange1178]

hi guys,

does anybody here know how to manage a public utility bus? can you help give me some introductory lesson or tips on how to manage it? i would really appreciate the help. my email address is dynamite_orange@yahoo.com.

thanks a lot!

[orange1178]

hi guys,

does anybody here know how to manage a public utility bus? can you help give me some introductory lesson or tips on it? i would really appreciate the help. my email address is dynamite_orange@yahoo.com.

thanks a lot!

[zimdude]

Comment on Mr. Tan Caktiong's interview in Entrepreneur:

He says that Delifrance is "so so" because Pinoys don't like eating bread as a meal. Maybe it's because it's expensive - French Baker seems to be packing it in.

Re: Mary's - I think I ate at the sole outlet in Greenbelt, once. Can't recall.

Re: Binggo - Was this a venture with SM? Anyway I think it was sold to 7-11.

[SILENTMAX]

omeng: nakapag register ka na ba? mr tan's wisdom is surely worth the time to go there even only just to listen to him speak humbly about his accomplishments.

been really busy with stocks lately napapabayaan ko na nga ang entreprenuer side ko. pati shops ko are taking a back seat na nga ata. kamusta mga donuts mo tsong?

orange: i wish i could help you more on this i know a friend that owns a bus line in cavite call magic touch at first i thought they folded up becouse they all but disaapered. when i got the chance to talk to them. i found out that they shifted business structure due to the hisg cost of operating a business line. what they did was they got a conract for the companies operating in the cepza in laguna. their overhead was cut drasticaly lower cutting out the cundoctors and checkers and also the "stop and go situation" that they had. it was the best thing that happened to them. i suggest you also take this route. there are a lot of eco zones in the north and south of luzon. try to find out more about conracting. as generating your income from the public would prove futile.


boss zimdude: i also dont think delifrance is doing that well compared to jollibee. maybe thats what tan was thinking comparing it to jolibee. but lam ko tama ka rin as marami rin customers nang delifrance.

re bingo: yup bingo was sold to 7-11

[jerrym]

Hi Friends,

Sometimes building is a business is a risk. But sometimes the fear of losing deprive us the fun of gaining. Educate yourself. Take the risk. If you loss, be sure to learn from it. For starters in investment, bet the amount you are willing to lose.

By the way, I am interested in the CASHFLOW game of Robert Kiyosaki. Anyone has?

[orange1178]

silentmaxx, that was a great suggestion! i will talk to my parents about it and do research at the same time. our family is having a hard time because nobody could manage it. thanks a lot!!

[omeng]

silentmax, just got lucky. see you later.

donuts is doing good. peak season is coming. he he

you might be interested in mini in our town. i will tell you the details of their financials etc.

[sayuri_succubus]

Originally posted by zimdude
Comment on Mr. Tan Caktiong's interview in Entrepreneur:

He says that Delifrance is "so so" because Pinoys don't like eating bread as a meal. Maybe it's because it's expensive - French Baker seems to be packing it in.



Speaking of tinapay. Have you guys tried BreadTalk? It's been getting a lot attention on TV, they just opened up a branch in glorietta and people are really lining up. Quite frankly, i think its overrated, parang ice monster. Pero masarap naman sya :D nothing extraordinary except the names of the bread. :p

[zimdude]

lesson to us: how to charge premium prices for a simple item :)

[i_love_blue]

Hi! :wave: this is my first time here...and im a starte when it comes to business..family business..we'll be putting up a franchise..yung mga small-time/counter type stalls. :)

And i so agree..everything must start from a dream, and HAVE a HUGE FAITH. :) And of course, real Hardwork.

But we're really have a hard time choosing the right location. You know one ba? Cuz we're planning to put up a doughnut store.

[omeng]

so.. pareng max.. how does it feels? a 1 inch close to your idol?

naka-frame na ba si mr. jolibee.

i like him. very humble and yet very successful person. cheers to us full blooded pinoy entrepreneurs.

[SILENTMAX]

to the people who missed the tony tan's q and a and inspiring speech at the pse auditorium. im really sorry to say this but you missed A LOT!

when i was there i was running on an empty tank of gas tired with my business and tired with dealing with the daily operations of my business. i just own a couple of shops and and i really dont know where to take it to anymore. i'm exhausted im tired i was weary.

if one person can inspire a nation it would no less be a succesful filipino underdog who can take out the goliath.

this is why i look upto mr tony tan cacktiong.

he looked big M in the eye and he didnt flinch.

to say i am inspired would would be an under statement. full tank na ako ngayun running on shell velocity. my mind is bouncing of the walls with business ideas, and a new renewed determination to succede like mr. tan

i was speaking to my dad and hinayang sya that i wasnt able to get a picture with him. i told him di bale next time i will meet him ill be sitting along with him in a business round table. probably throwing of ideas at each other. and then i'll also be next in line doing Q and A's

sabi ni jolibee "kaya mo yan KID"






yeah i will frame jollibee and put it into my room but i was wondering who is that guy besides him with a signiture on it.
(inside joke. read latest entrep mag to find out what i mean)

[i_love_blue]

^ wow!!! sarap naman nun...listening to someone like mr. tan would certainly inspire a person..and how humble he is...mas lalong nakakamotivate to be the same. :)

[sizzling]

I was really amazed to find out that a very successful entrepreneur as Tony Tan would be such a nice guy in person. Grabe, sobrang bait, siya pa nahiya nung nagpa-autograph ako. Such a rare human being. He is truly a role model for all of us. :)

[i_love_blue]

^ sana mameet ko cia in the future.. haaay...naiinspire tuloy ako sakanya. :)

Can i ask something? anong franchise pwedeng kunin kung ang budget eh..lets say around P250k? preferably food sana

[dac]

well location must be a heavy foot traffic area.
20 to 30 people per minute siguro. Mall is good but rental is high pero kaya naman kitain if you got a good product.

actually i would look at it the other way around. look for a place first then think of a product you can sell in that area.

if you want to enter the mall... i guess check out a franchise first.
problem na lang, getting a space sa mall. some franchise company might offer a place for you. most usually endorse you ikaw pa rin maghahanap ng leasing space.

[SILENTMAX]

my shop got held up last night at about 9pm
2 gunmen pointed a gun at my cashier. took cash and cards amounting to 3k and customers and employee celphones were stolen.

this is a setback. im securing my operations. but i keep on telling myself to let it go. i cant move forward by worrying myself to death.

to the other people who have shops without security guards. just keep on alert. mahirap na talaga ang panahon. prevension is better than the cure. be vigilant with suspicous looking customers

my 2 holdupers wanted to have something printed they even had a diskette.

[sizzling]

That's terrible, I hope nobody got hurt. medyo traumatic yan para sa mga nabiktima a.

Nakakapikon talaga mga kriminal na yan, umiinit lagi ulo ko pag nakakarinig ako ng ganung kuwento :mad: What do you think ordinary citizens like us should do to tackle the worsening crime rate? :confused:

[GOwin]

@silentmax
at least, no one was harmed.

pwede pa namang bawiin ang nawala.

[omeng]

ouch pareng max. maybe it's just a sign that you are too busy with stocks trading. nagpapa-alala ba. =)

that's life. hahayyyyy

hope will not happen again pare.

[SILENTMAX]

dude pare omeng:
actualy its a sign for me to push ahead. i remembered this quote
when you hit a brickwall stop whining and start climbing. i think it was a poster in here.

what happend 2 days ago is just a pebble and it will not get me down. i am focused, i am determined, i am visualizing that i will succed

im letting go of mini. im going to focus ahead on my primary business and make it grow. hangang ngayon di ko malimutan sinasabi ni mr tan. "since day one"


all my other sidelines i cancell ko narin and put everything in the stock market. what i would make in mini for a year i could make in 1 week investing in the stock market. hopefuly tumagal itong bull run nang market. in hindsight di pa nga sya bull run.
nyse,nasdaq target investment eta in 2 years sana. training muna ako sa local industry.

[SILENTMAX]

"You don't become enormously successful without encountering and overcoming a number of extremely challenging problems." Mark Victor

[dac]

better improve visibility & security measures of the shop.better lighting inside and outside the store is a big factor.
good thing no one was hurt.

hope you reported the incident to the police. pa blotter mo.get in touch with the barangay too.
word might get around the goons network that its possible to rob the shop and get away with it.the last thing you want to happen is a repeat incident.

[jpasc]

Samething happen to me a year ago. Lost 3 PC set and cash.
Charge to experience. Experience makes us stronger and better person.

[sayuri_succubus]

Originally posted by SILENTMAX
my shop got held up last night at about 9pm
2 gunmen pointed a gun at my cashier. took cash and cards amounting to 3k and customers and employee celphones were stolen.



so sorry to hear that max, :( anyway did you report it to the authorities?

Success is to be measured not so much by the position that one has reached in life as by the obstacles which he has overcome.

[i_love_blue]

Sorry to hear that, silentmax.

dac, true. thats what my dad also tells me. just look for a good location, then kung nakuha, isip na lang ng product to sell.

[Krakista]

I came from the International Call Center & Management Expo 2004 (http://www.iccmchicago.com) in Navy Pier, Chicago yesterday. I was there all day and it was a cold with temperature at around 15 degrees Celsius.

Philippines, Inc. was earlier listed as an exhibitor but may have withdrawn for practical reasons. Other states or countries that participated in the expo include Barbados, Brazil, Chile, Trinidad & Tobago, South Africa, the state of Wyoming and Ontario, Canada. India was not represented. The only thing Philippines one would find was eTelecare. They had call demos to Manila agents in their booth. Peoplesoft was there but CRM 8.9 was their showcase. Ok, Peoplesoft and PeopleSupport aren't the same thing.

Almost all demos/literature in CD's are in card-sized format, no more full-sized CD's. One company, Aspect Communications (http://www.aspect.com) had their giveaway demos/literature in USB Flashdrives. Exhibitors now use a handheld device that scan visitor badges for information instead of asking for their business cards.

These trade shows always present opportunities for companies to spy on their competitors. One such company was in stealth mode and they lured attendees by having someone pass to prospects a ticket to an all-you-can-eat chocolate bar in their hospitality suite. I managed to get one. Their presentation was lengthy but very interesting and they could be the Google of the telephony industry. Their company is described as an "IP-Centrex on steroids." BTW, it's everything IP in the show. I was told AT&T, MCI and Qwest have targeted year 2007 to be fully IP-enabled. I was also told only 2.8% of the call centers in the US have more than 250 agents.

Stress management consultant Loretta LaRoche (http://www.lorettalaroche.com) was in the show. I never heard of her before but the feedback I get here is she seems to be like a Stephen Covey for the call center industry. I bought her book after reading a few pages and had it autographed. I told her I was from the Philippines and she replied, "there are so many of them down there (meaning call centers)." I also saw ex-Chicago Bull Steve Kerr but I don't know his role in the show.

I'll be back tomorrow.