The Filipino Entrepreneur

Being employed for many is a secured way of living because of the mere fact of having a job. You have money to spend for all your needs because somebody is paying you for your time. But still, being employed is in a “rat race”. What is a rat race? well it is defined in Wikipedia as:

The rat race is a term often used to describe work, particularly excessive work; in general terms, if one works too much, one is in the rat race. This terminology contains implications that many people see work as a seemingly endless pursuit with little reward or purpose. Not all workers feel like this. It is the perceived Conventional Wisdom, for example, that those who work for themselves are generally happier at work.

I’m not saying that it is easy to leave the rat race. How to get out of the rat race? There are many ways to get out  like being self-employed, having a business, working from home, etc  but again, it’s not easy because having a mindset of an employee will really be a burden. Add to it are the regular salary given by employers and other fringe benefits which is hard to resist . If you already read the book “Rich Dad Poor Dad” or have some insights or idea of what it contains by reading it in Wikipedia, the book is very inspiring but also warns readers of some misleading advice given by the author Robert Kiyosaki. But I think there are many truths about the comparison of having a entrepreneurial mind versus having an employee mindset. I read some quotations from the book but the one that catch my attention is this:

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Do you know that marketing through search engines is a new way of reaching people looking for specific products or services via the internet?

If you want to give your business the power to reach potential customers anytime anywhere in the world for a little as five US cents (about P2.50) per customer, then you should seriously consider doing search engine marketing (or SEM) sometime soon.

What is search engine marketing? simply put, SEM is an internet marketing tool that works to make your product or service website appear among the top 20 search results delivered by a major search engine when a potential customer uses it to find suppliers of your kind of product or service. The major search engines are, of course, Google, Yahoo, and Microsoft Network (MSN), which together account for over 80 percent of all search engine-originating traffic (see chart for year 2008).

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To make glutathione herbal soap, you will need to invest for buying the raw materials and utensils, particularly a pail, spatula, hand mixer, scraper, small containers, and a 335mm (L) by 424mm(W) by 100mm(H) mold. You will need this mold to shape a long bar that could be cut up into 60 individual bars of soap. (If you can’t find a mold of this size, you can improvise by making your own mold.)

Here are The Materials You Need To Get Started:

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Online selling communities can prove to be a great boon for retailers. It allows you to reach customers nationwide (or even worldwide) without having to spend on a physical store, on expensive marketing campaigns, on additional staff, or even on site design. With some ingenuity and a good working knowledge of the ins and outs of the site you’ve chosen, you can put up a profitable home-based business that virtually runs itself

What To Sell?

Keep in mind that buyers go online to look for bargains or for hard-to-find Items, so used items, collectables, antiques, gadgets and imported goods are very popular on these sites. It’s a good idea to spend a few hours browsing the site to see which items move fairly fast in that particular community. You can look at the site’s ”Hot Auctions” link, or look at the items offered by well established sellers with a long selling history or high feedback scores.
Importantly, some of these sites allow you to sell internationally- eBay Philippines, for example offers it as an option while on Amazon.com international exposure is automatic.

To get started, most sites require nothing more than for you to undergo a fairly sample registration. Some sites may require a credit card, to which fees may later be charged In any case, registration is usually pretty straightforward, even fort he most inexperienced new users. The simplest and fastest way to learn the ropes is to register and participate in the process first as a buyer. This way, you get to learn the entire process and forestall any potential problems.

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Profit sharing in a business among the investors is really common sense. It is obviously the percentage of your investment versus the total amount of the capital. But even though we can go through with it without going to the standards, it is better to have it in order for us to deal in harmony with our business partners. According to the standards, if for example the total capital of a business is Php100,000 and your contribution is Php25,000, you will get the percentage of your share by dividing 25,000 to 100,000. In this case you will get 25% of the profit.

It is really common sense if you look at the standards. In case the total capital increased because other investors contributed an addiitonal capital, then your share will decrease. For example another Php50,000 was added to the initial capital, then it will become php150,000 which you have to divide 25,000 to 150,000. Your percentage of profit share will be 16.7%.

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