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:

Read the rest of this entry »

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.

Read the rest of this entry »

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

Read the rest of this entry »

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.

Read the rest of this entry »

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.

Read the rest of this entry »

Entrepreneurship really has it’s bottom line, to earn a profit. But little that we know that this God given skill or talent should not be self-serving. Many entrepreneurs or business people just venture for the sake of profit or money. They put aside the humanitarian side of it and many businesses device tactics to earn more and more by eliminating jobs because they think that paying to too many employees will make their business bankrupt. That’s a valid reason, but not to some companies where the only objective is cost cutting to earn much more.

Some business owners say that they are running a business, not a charitable institution and I read in a forum that if you cling too much to charity, you might be asking for charity yourself. But there is a saying that “it’s more blessed to give than to receive”. Well I guess we all have different opinions but the only thing that matter is what we value most: Money or Charity?

Read the rest of this entry »

It was quite an experience but not too exciting because I was just dragged by my wife to watch the Higantes Festival in Angono, Rizal. Since I reside near Angono, less than a kilometer we decided to watch it. Yes we enjoyed but the crowd is too many and I can’t get a good place to watch it. And there were people that splashed water to spectators and I was lucky enough that I did not wet too much. Some people can’t take that tradition for example the old woman that I saw who was very angry and cursing guy holding the water gun and with some irresponsible people who threw a pail with water which a poor girl was hit by a pail in the head and then cried. Her mother was not worried too much about her but was angry because the mother’s cellphone got wet!

My cell phone was low batt so I didn’t get the chance to take all the pictures of the Higantes specially those with advertising sash. ( See the pictures below which I have taken during the parade ). I’ve observed that celebration of this festival like this became a part of advertising which businesses like Chowking, SaveMore (SM), Western Union, GSM, Superferry and the rest because the big tarpaulin banners have a sponsor name on it and the Higantes have a sash with the company name on it also. Read the rest of this entry »

I wanted to share with you this newsletter from Mike Litman about a Billionaire’s success story. I’m sure very few know the name Deitrich Mateschitz. I even have a hard time pronouncing it. But if I say Red Bull, the energy drink then maybe this sounds familiar to you. This is a popular energy drink here in the Philippines. I once thought that this came from a Filipino manufacturer but since I read Mr Litman’s story, now I know that this came from the U.S.A. So without much ado here is the story:

Hey Lito!

Read the rest of this entry »

Spread The Word: These icons link to social bookmarking sites where readers can share and discover new web pages.

• 
• 
• 
• 
• 
• 
• 
• 
• 
• 

Filipinos working overseas can now send money to their relatives in the Philippines through a new online money transfer service provider — Remit2Home.com.

Launched by the Times Financial Services, India’s leading financial services provider, Remit2HOme.com offers Overseas Filipino Workers (OFWs) a safe, fast and affordable way of transferring money from the US to the Philippines.

The service is initially available in United States with the Philippines, Bangladesh, Sri Lanka & Kenya as destination countries.

With remittance receipts of over $14 billion annually from over nine million OFWs, the Philippines is the primary target corridor for Remit2Home.

Read the rest of this entry »

This Sunday, November 18, 2007, Kabuhayang Swak na Swak featured the following episodes:

1. Choco Pix - Personalized Confectioner - it’s about chocolography. Printing photos using edible ink on chocolates made into many sorts of items like picture frames, calling cards, Chocolate CD, Chocolate coins. The owner is Chistine Cox. She said that she got the idea by researching the internet and her investment reached php500,00 and because of the demand she is positive that she will get her investment back very soon. The price range of her products is from php45.00 to php2,290.00.

2. Malou and Armel Lomi Haus - the place is in San Juan, Batangas noted for their beautiful beaches , “lambanog” a wine made from coconut sap and delicious native delicacies. The one featured is the lomi haus that became successful because of it’s unique flavor.

Read the rest of this entry »