Beginner’s Kit

Going into business does not necessarily mean building up from scratch.  You can buy an already established business. You don’t usually find advertisements of businesses for sale in the newspapers, on television, or even online.  Read More

At least one of two business start-ups eventually fail and close down. That bit of statistics may be enough for business hopefuls to feel jittery and eventually opt out of their plan to go into Read More

The power generator that you purchase today for say, P 100 thousand, will not be worth the same price five years from now.  It would have depreciated by then.  In fact, every year, it loses Read More

Of so many vendors of the boiler, heavy-duty sewing machine or cutter, computer, tractor, or  lathe machine  you need in your operation,  how do you choose the most suitable one? The general rule is “choose Read More

Plant equipment and machines require big capital investments.  Thus, these should be selected and bought with utmost care.  If wisely purchased and efficiently operated, capital equipment will generate profit for the businessman. Purchasing procedures vary Read More

Question: What does marketing involve?  Isn’t it all about selling and advertising? Answer: That is a common fallacy.  The truth is marketing involves much more than advertising and selling. A major part of marketing involves Read More

  Q. Which institutions can give easy credit to small start-ups? A: Banks are not famous for lending to small business—much less to start-ups with no credit history. Anyway, try the Development Bank of the Read More

Q: Should I do market research before plunging in? A: If you want to lose your shirt, don’t. You should do market research especially if you’re launching a new product or service, or suspect the Read More

by Myrna R. Co, SERDEF Media Bureau (First published in Entrepreneur Philippines, March 30, 2011) Question: How do I get ideas for my business? Answer: Many successful ideas resulted from experience in a previous job. Read More