The Filipino Entrepreneur

Internet presence of businesses here in the Philippines seems to be in it’s infancy. But you cannot deny the power of the internet as per success of other industrialize countries. You can be skeptic or a believer. But one thing is for sure…..we will get there. For example, the radio. Since invention of the radio in the 30’s, it took five years before people realize that it can be an advertising medium. Then came the television in the 50’s. That invention became a medium of advertising. Now the internet…..will you be left behind?

PTTC will conduct a seminar “Internet Marketing Hands-on Workshop - Promoting Your Business Online” and the schedule will be in Dec. 10, 2007. Topics will include:

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Last Sunday, November 25, 2007, Kabuhayang Swak na Swak featured the following episodes:

1. Buena Mano Crafts - this business specializes in Christmas decors and was based in Antipolo, Rizal. It started in 1998 with only a thousand pesos capital according to the owner and the materials are bought mainly in Divisoria. Now they have many kinds of christmas decors and designs and exporting to other countries. Contact info: 658-4863 / 658-2711

2. Palm and Sole Spa - the segment featured a spa that also caters for kids. Sometimes when we have kids around instead of relieving our stress, we can’t help to have an additional stress. So instead of telling kids to stop and sit down , they offer spa services to kids also. What a good idea don’t you think? contact info: 951-1752

3. Psalmstre Enterprises Inc. - featured beauty products and one of their best sellers is the placenta soap and cream. . If you are interested the contact number is 09198076402 / 7192500.

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Last Saturday, November 24, 2007, Kabuhayang Swak na Swak featured the following episodes:

1. Christina’s Creations - Brag Bags - this episode featured a fashionable transparent bags called the photo carry all bags for ladies which you can also place your photograph on the bag’s cover. The small bags can carry 12 photos and the big ones can carry 18 photos. You can also use the bags to put things like office supplies or if you are in the beach things that you need to carry in the beach. Contact info is 0917-8548198/0917-024846

2. Mindoro Butterfly Kingdom - the segment featured a butterfly breeding farm in Calapan Mindoro where they breed and produce butterfly for commercial purposes. One of the objective there is to help the Mangyan natives in Mindoro to earn a living by catching one of the rare species. One of the prize species that they are proud of is the rare Papilio Hermili which can only be found in Mindoro. The price of it is from $70 - $200 for female and $50 - $70 for male. They also have various species in their farm and they are now exporting it to other countries.
Contact info is: Mindoro_butterfly@hotmail.com / (043) 288-2046 / 0918-980-8626

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Looks like the online business giant can’t handle the demand and traffic of the day called the “Cyber Monday” which looks like one of the most important day in America for shoppers. This was reported in CNBC news on their website.

News doesn’t get worse than this for a company like Yahoo! Inc. On a day that’s arguably one of the most important for online shoppers during the holiday shopping season, the so-called “Cyber Monday,” Yahoo’s shopping and transaction algorithm appears to be down.

For a company that hosts three million small and medium online businesses, this is a problem that could send sizeable ripples through the online economy.

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When you’re in manufacturing or retail, managing inventory is important for survival and profitability. Words by Ruben Canlas Jr., MBA

WHAT IS INVENTORY MANAGEMENT

Inventory management refers to how we plan, monitor and control the materials used in various stages of manufacturing a product. Our definition of inventory includes raw materials, WIP (works-in-process or partially assembled goods), the finished goods themselves and MROs (maintenance/ repair/operating supplies needed to keep our machines working well). The concept of inventory has also been extended to embrace such non-traditional definitions as airlines seats, hotel rooms and concert tickets.

Managing inventory makes sense in a business because it helps minimize costs like warehousing and shelving costs, spoilage and obsolescence, delivery and transportation, interest and cost of money (keeping inventory implies that your money is asleep and not earning interest).
Retail stores, groceries, restaurants, factories and delivery services benefit greatly from inventory management. For example, a food chain has perishable raw materials that need to be used up quickly.

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