There are many reasons why products fail and even the largest manufacturing companies cannot escape from those mistakes. Watching out some basic pitfalls below can save your company or your business on very low sales or even on the brink of bankruptcy.
1. Setting Aside Quality - since business today are very competitive than an few years back, many companies are skimping on quality in order to be competitive. News about bad quality of a product can spread like a wild fire in the internet and word of mouth as quickly compared when internet was not yet available. Before you know it, even your most loyal client can drop you without notice if the quality of your product does not satisfy their standards.
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Earning online seems to be a mystery to most of the people even now we are already living in the internet age but the fact is you can earn extra money from home using your computer. To those who are always surfing the internet, maybe most of them are already aware how to earn online but I’m not sure if even 50% of them are already earning their living through the internet. No matter what stage of your life now, there are many ways to earn extra money from home and one of the ways is using your internet and your computer. Of course there are some skills to be learned depending on the kind of niche you want to concentrate to and here are some of them:
Become a Virtual Assistant
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I thought the free seminar given by PTTC was over because of the change of administration. On the past seminars we are informed that it was a priority program of President Gloria Macapagal-Arroyo and was made possible by DTI-CLEEP (Comprehensive Livelihood and Emergency Employment Program). Nevertheless below are the list of seminars that will be given that day.
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Below are available TRC (TLRC Philippines) courses and seminars for September 2010:
Setting up a Micro Lending Business
Lecture: lending act, financing act, type of microloans, simple interest & effective interest rate, different method of computation, micro-lending & credit cooperative, procedures in granting loan, documents used in granting loans.
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I really don’t know what is the criteria (aside from beating the odds in 2009) for crowning (sorry I can’t think of other terms) those entrepreneurs as the most outstanding Filipino entrepreneurs last 2009 but it is on the Entrepreneur magazine on the December 2009 issue. Many businesses have survived last year and not only them. My hunch is maybe they had an unexpected growth or more revenue created than any other businesses.
Nevertheless I will just give their names and their business names on the list below but if you want to know more about them, then get a copy of the Entrepreneur magazine.
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I was searching something in the internet and stumbled to a forum and saw this article. The posted version in the forum was incomplete so I surfed the internet again and found a nicer post from Qatar Living website. It was posted by an OFW and probably working in Qatar. My hunch is this article was made back in 2006 and already posted on many blogs and forum because it was very good and it struck me, especially my ego. To tell you the truth I’m lousy when it comes to managing cash flow and what adds to that is my spouse is worse than I am and again, what adds to my financial stress is my mother-in-law is with us. But in fairness to her, I’m not the only one who was helping her but also her daughter working in Dubai. Please don’t misinterpret that I consider my mother-in-law as a liability because I still consider her as my own mother and the fact that she was my wife’s mother. 
Anyway this article I got was anonymous so I could not thank the author for a well written with a dash of humor about the basics of cash flow. This article can motivate some or might offend others so my advice is don’t take it seriously if it has offended you. My apologies to my foreign readers who don’t understand Tagalog because the article was a combination of Tagalog and English which might not be comprehensible to you. So without much ado read the article below:
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Usually we think that business is just for making money. But if you will look at the other side of the coin, what it is all about is “creating value”. Haven’t you asked yourself why businesses survive or still exist? that is because it provides value to the owner and to it’s customers. Just in case you have a business, the better you know what value you are trying to provide to your customers, the better you will be able to focus. Lets not go far to give you an example what I’m trying to explain. Even a simple blog I like this can be a better example. This blog provides value to it’s readers by getting information that they are looking for.
Although I don’t have the answers to everything and I’m not the jack of all trades, I provide information from other sources and put it in this blog. I promote this blog using SEO (search engine optimization) and social networking so people will flock to this site and make it as a reference. I’m not an expert on entrepreneurship but I search information to help budding entrepreneurs and maybe those who were already established entrepreneurs. Not only that, those who already have businesses can share their experiences or post their business information so that other people will know they exist or they have products or services to provide. So that is is a lot of value if you will ask me.
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