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Now as the technology is improving and the future is looking more striking, people are not hesitant to listen to the sweet intonations of the entrepreneurs. They are ready to accept these undertones technological music, which are no doubt the endowments of the entrepreneurs to us. As the world is changing, the industrial giants are accepting the technological evolving schemes and expanding their horizons.

No doubt future is unpredictable, but if we analyze the changes that are happening, we expect more sophisticated and streamlined human and machine interface in the future. Machine learning and artificial intelligence will transfer the industries, which will give way to the automatic transformation of manual operations. We will also expect that the dim lines which are now separating the companies from their people will be removed with the introduction of the advanced and sophisticated interface.

And as a business formation service provider, I would be suggesting the games to the companies who are planning to incorporate, which they intend to win. And, in whichever company you are operating either in e-commerce or digital marketing, you need to change you present to adopt the future.

So let us peek at some of these technological breaches that will change the world, in 2019.

Interactive Artificial Intelligence

All the major companies are now adopting Artificial intelligence to embed customer’s interactive features and make them laced with more features. It will not only for removing the human interface, but also for enhancing and beautifying it. There will be deeper interactivity and customer experience. The best examples are of Google Maps and GPS Insight, which have considerably changed the system of operations of the companies. Businesses are also expecting to have a more customized content delivery and automation process to meet the customers’ expectations.

Live Interactions over Social Media Interactions

Nothing can bring the communities together than in person and live interactions, and the companies are feeling this change. In fact, live video engages more than recorded video. The community events like the B2B forum like Marketing Profs also interact with the customers offering social learning that goes beyond what social media is providing. Tweeting and blogging will not be enough, To build the brand loyalty, you have to develop life interface which is easy yet can bring customers to sit across the table and have a chit-chat with the senior executives or attending life conferences.

Live streaming video gaining momentum

Customers are also now feeling contended with generic marketing, as they want to be more engaged and connected, and video quenches their thirst for interaction. Now leading companies are utilizing live streaming to hook their potential clients. And, when businesses bring real people and in the virtually real team, it increases their capacity to connect with consumers. This gives uniqueness and more appeal. It also increases the ability of businesses to give the face and a soul. A research by Livestream reveals that around 80% of audiences would love to watch the live video rather than read a blog. And companies who bring their products and services live through videos will dominate their industries.

Availing the Blockchain Benefits

The Blockchain emerged in the technological arena, espousing minimum adoption that is rooted in its techno-babble jargon. Majority of the consulting firms like Accenture and Deloitte are adopting the entire blockchain and forming alliances in the space. IBM also created an alliance with Nestle, Costco, and Walmart to increase the efficiency of global food supply chain safety.

The Blockchain technologies will allow more development in the digital transactions that will disrupt conventional business schemes like document authentication and tile searches for more streamlined processes. Leading companies will also develop their skills around this technology to make sure that they are the ones who disrupt the old to emerge themselves in the new world.

Serving Community and not only buyers

Now the earlier notion of selling to only buyers has changed. Now the sellers not only sell but serve these now models of consumers. These are more sophisticated and techno-savvy customers who now know what to buy. Businesses now have to gear themselves for a more socially oriented approach, and establishing trust networks. They should be right on the spot where their prospective buyers are feeding them with what they want. They have to attain social and environmental responsibility. They need to develop a digital but responsive culture which not only benefits shareholders but also all stakeholders. This has to be instilled in their DNA.

Tax Reforms

With the congressional reconciliation process, there will be more tax benefits. The proposals laid will ensure much more savings than before to pass-through entities that deploy capital. In 2017, Congress passes the first tax-reform legislation, since the 1980s. The act is estimated to reduce the federal revenue by up to 1.8 million dollars on a static basis. Though the static budget scores very little information on how tax reform will impact debt levels. In the long run, tax reform would ensure larger economy and higher wages, which will result in adding up more tax revenue.

So we have to make the smart choices with the changing industry trends and reach the customers with more innovative and creative endowments. As the generation Z is now taking over the world, they have but one simple message, they want to have live interactions but do not like corporations. They do not want to know how the cow is milked but how the milk is delivered to them. A catchphrase is a unique connectivity with imperfection attitude. It is the challenge for millennial to meet the expectations of Generation Z.

And now the challenge is for the corporate world and equally for those segments that support them, like the service sector. These service sectors have to apply innovative ideas to make the leading business giants cut through the barriers and adopt innovativeness. They have to learn to buy and sell by reeling through Artificial Intelligence, live interactivities, and accepting the privilege of the Government to benefit the corporate world and the service segment.

Originally posted at FastIncNow on July 12, 2018. 

The post Business trends that will reshape your world in 2019 appeared first on 8th Philippine SME Business Expo 2019.

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Business owners don’t have to see red during the holidays as long as they manage their staff right. At no other time of the year do companies have to field multiple requests for time off. Handle it wrong, and it could cripple the business at an otherwise busy time of year — not to mention it can hurt your culture and your employer brand.

“It can cause tremendous grief for organizations,” says Samuel Tanios, president and chief executive of Human Elements Consulting, the human resources consulting company. If it’s not managed properly it can not only prevent the business from delivering what clients and customers want but can also create internal strife, he says. To prevent any problems this year, human resources experts and business owners weigh in with their top seven tips to manage employee holiday time off.

1. Plan in advance

Many industrial businesses have their holiday schedule planned well in advance, and there’s no reason any type of business can’t do that either. According to Brian Koniuk, a principal at the Hackett Group, manufacturers typically require employees to plan out their vacation for the coming year so they know in January who is working what holiday and who is off for the entire year. In other industries, like health care, Koniuk says schedules are made three to five months in advance.

2. First come, first served

If you are running a business that is busy during the holidays or needs to be staffed 24/7 year-round, one way to prevent employees from taking off in large numbers is to limit the amount and give workers off on a first come, first served basis, says Pat Sweeney, human resource manager at Old Colony Hospice and Palliative Care. “If they know they are going to want to be off over the holidays they know they have to ask for the time off way in advance,” says Sweeney. She says that starting as early as September supervisors can notify the staff that requests for time off have to be made as soon as possible. Hand in hand with a first come, first served policy is capping the number of people that can take off during the holidays.

3. Stagger the schedule

You may not be able to keep a full staff during the holidays, but that doesn’t mean you have to close early or provide a reduced level of service. To combat that, Kathy Harris, managing director of recruiting firm Harris Allied, says to stagger your employee vacation scheduling. For instance, you can have someone work in the morning during the holidays and another worker take the afternoon shift. Another option: have one employee work Monday and Tuesday and another Wednesday, Thursday and Friday. The idea behind a staggered employee vacation schedule is to always have coverage, and at the same time, give employees time off during the holidays.

4. Keep a pool of part-timers

If you are operating a business that picks up during the holiday season, or you know a lot of your staff will be gone during that time, it’s a good idea to keep a pool of part-timers that you can tap when you need extra help, says Gary Shouldis, a small business consultant, coach and owner of a gymnastics center. “We have a pool of part-timers that we know can work the holidays,” says Shouldis. “Whenever we hit the holiday period or periods where we lose part of our staff they come on.” According to Shouldis, it’s a good idea to keep in contact with these part-timers year-round so you’ll know their availability ahead of time. Another option is to post a job in anticipation for holiday hiring.

5. Offer a holiday pay differential

For some people money talks even if it means they won’t be with their family during the holidays, which is why offering a holiday pay differential can keep your business staffed. According to Sweeney, it should be something that is part of the company’s structure and not something you offer just to entice an employee not to take off. “If you’re in a business you know there are a lot of requests for time off you can have some differential built in,” she says.

6. Institute a vacation blackout period

For some businesses, particularly retail, the holidays are the busiest time for them, which means they need a full staff if not more. If your business falls into this category, a way to prevent employees from taking off is to have a blackout period where no one can take off, says Tanios. If an employee wants off during a blackout period he or she would need to ask well in advance, and it would be at the manager’s discretion, says Tanios. It’s a good idea to inform employees from the beginning of the blackout policy so they aren’t blindsided come holiday time.

7. Let employees work at home

These days pretty much everybody has a laptop, iPad or smartphone that enables them to work remotely. If your staff doesn’t have to be on site, letting them work at home during the holidays can be a productive way to get things done without having to bring in additional staff. Working at home is a viable option only if the business lends itself to it and there’s a way to ensure the employees are actually working. “In this day and age working from a virtual office anywhere is possible,” says Sweeney.

Originally published at Entrepreneur.ph by Donna Fuscaldo. 

The post 7 Ways to Manage Employee Holiday Time Off appeared first on 8th Philippine SME Business Expo 2019.

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It’s no surprise that Filipinos love celebrating Christmas. Whether it’s decorating our houses or giving away gifts to our loved ones, many of us spare no expense during the festive season.

For the business-minded Pinoy, the holiday season presents opportunities to earn extra income. With a dash of resourcefulness and a sprinkling of creativity, you can try starting these small business ideas this Christmas, even if you have little capital.

1. Sell Christmas Delicacies and Food Products

If there’s one thing we love doing during the holidays, it’s pigging out.

The Christmas season marks the comeback of Filipino holiday favorites like puto bumbong and bibingka. You’ll also find a lot of food stalls selling delicacies like ube halaya, fruitcakes, fruit salads, egg pies, cassava cakes, and leche flans.

Come Noche Buena, you won’t see a single table without the famous hamon and queso de bola.

If you know how to make these Christmas foods, you can put your cooking skills to good use and sell them to your family, friends, and colleagues.

Another option is to whip out grandma’s secret recipe and bake cakes, cookies, and other pastries that are also popular gifts during Christmas.

2. Make Christmas Decorations & Ornaments

Filipinos love decorating their homes for Christmas. The moment the -ber months arrive, you’ll find malls and houses glittering with Christmas lights faster than you can sing Jose Mari Chan’s “Christmas in Our Hearts.”

If you know how to make handcrafted Christmas balls, lanterns, socks, and wreaths, these Christmas décors can be a lucrative sideline for you this season. You don’t even need a huge capital to buy supplies, as you can use recycled and indigenous materials for an eco-friendly small business venture.

3. Sell Clothes

Christmas is the time for parties and family reunions, and everyone wants to look their best for these occasions.

You can take advantage of this by selling clothes festive dresses and clothes. You don’t need a physical store to do that as there are several shopping platforms that you can use.

Try buying wholesale clothing products that you can resell from Baclaran or Taytay, the garment capital of the Philippines.

4. Sell Toys

Have lots of ninong and ninang friends? Sell them toys that they can give to their inaanaks!

Some popular toys that you can resell include action figures, dolls, playhouses, robots, and kitchen sets. A quick trip to Divisoria will score you some of these, but make sure that you’re buying quality ones!

5. Offer Gift-wrapping Services

Most people wrap their gifts by themselves, but there are others who can’t be bothered to do so.

If you got the talent for wrapping gifts the artsy way with a ribbon on top, you could offer it as a service for your family and friends. All you need to is attractive gift wrappers, tapes, ribbons, scissors, and gift tags. You can also sell gift wrappers for more income!

6. Make Gift Baskets

Know how to weave baskets? You can create gift baskets, buy grocery items to fill them, and wrap them in Christmas-themed wrapping sheets. Instant holiday giveaway!

To save on grocery, you can buy them from wholesale dealers. Common gift basket contents include fruits, dry and canned goods, and bottled beverages.

7. Make Christmas Cards

If you have a knack for rhymes, puns, taglines, and slogans, then you might be able to turn that into a profitable Christmas card-making business.

As a creative artist, you can create Christmas cards with a variety of themes ranging from romantic to witty. You may also make personalized gift tags just by using a simple layout software and a printer.

And since it’s the digital age, you may also want to create e-cards, which can be sent over email or social media.

Originally posted at Coins.ph

The post 7 Small Business Ideas You Can Start This Christmas appeared first on 8th Philippine SME Business Expo 2019.

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Having investor meetings lined up one after the other, mobile phone beeping with reminders every other second, talented employees leaving the organization for better opportunities, customers expectations, cash flow management and whatnot, stress is inevitable for entrepreneurs. Owning a business might sound fun but sustaining it is the real task that often ends up taking a toll on one’s mental health.

In the haze, some might break into a cold sweat while others take this opportunity to re-evaluate their choices – personal and professional. However, timeout is no apparent solution given they have hundreds of lives depending upon them, according to the size of the organization. Entrepreneur India brings to you some tried and test stress busters suggested by people who work round the clock like you:

Disciplined Routine

Apart from being a company’s founder or frontrunners, entrepreneurs are general human beings who don’t hold a control over certain situations. Things happen but it is the way one deals with it determines the end effect. For Wakefit founder, Chaitanya Ramalingegowda maintaining a routine without fail despite the stressful situation has helped in putting things into perspective.

“Things, like spending time with your loved ones, doing an activity together, running or working out, reading a (physical) book and getting off digital screens, can all be simple routines that can consistently help in dealing with things (stress),” Ramalingegowda said. Not letting your life getting disturbed, like spending time with your loved ones, doing an activity together, running or working out, reading a (physical) book and getting off digital screens, bed due to work stress is the most effective technique to fight it with fervour the following day.

Deep Breaths

When things are getting out of hand and you are not able to make sense of anything happening around, heart starts beating at an inhumane speed, the brain stops working and all body functioning halts or even when you just need to calm your inner self, the ancestors would suggest the calming technique. A simple act of conscious deep breathing helps in calming the brain and breathing.

“With our brains constantly bombarded by external stimuli, ours is a generation that has stopped breathing properly. Think of this as a modern variation of Pranayama, if you will, but it can be quite powerful and literally does not need any space or equipment to implement every day,” added Ramalingegowda.

Let Go

“If there is something I have no control over in spite of my best efforts, there is no point of taking stress for it,” believes Rama Krishna Kuppa, Founder and CEO of ONGO Framework. Rightly said, if a task is worth the time, energy and resources, one would know, if not they’d know. Kuppa firmly believes that stress is necessary for good results but an excess of it can be harmful.

All successful entrepreneurs, be it Elon Musk, Jeff Bezos or Mark Zuckerberg have taught the world the lesson of hard work and persistent but one teaching we always forget to grasp is acceptance. When they failed, they accepted and moved on. Letting go of a task can be heartbreaking but taking unnecessary stress over something that isn’t in our hands is not smart either.

Digital Detox

Every time a message pops on our mobile screen, our hands start itching to pick it up and see what is awaiting our attention. Being a part of the business ecosystem automatically means you need to stay connected and accessible at all times but staying away from technology for even the smallest amount of time significantly reduces our stress levels.

The break from tech not necessarily need to be a long one but could include your non-word related activities like morning workout, reading sessions, family hangouts or movie dates. “Taking small breaks or getaways have often helped me to think about new perspectives on business challenges and come back energized to give back more,” said Rohit MA, Co-Founder and Managing Director of Cloudnine Group of Hospitals.

Regular Breaks

While attempting to create a better future for their children, entrepreneurs often miss out upon the important experiences of their life, which works as an added stress for them. Taking regular breaks from the stressful life of an entrepreneur and entering the shoes of a father, spouse, sibling and child for more than a few hours once in a while brings in a new perspective to life.

“Spending time with my son (7 yrs. old) who brings in a very different perspective in life from his favourite moments of the day to help out is his projects often gives a much-needed respite from the daily mind chores. I use every opportunity with him to unlearn and learn again,” Rohit shared.

Originally posted in Entrepreneur.PH

The post 5 Stress-Busting Strategies for Every Entrepreneur appeared first on 8th Philippine SME Business Expo 2019.

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In the past decade, offices have already begun to evolve from the dreary cubicles of workplaces past. But it’s only just begun, and the next ten years will see even more dramatic changes, says David Thame

The last thing the office of the future will look like is an office. A hotel, maybe. Perhaps an art gallery or a nice restaurant with gardens. But not like an office. Definitely not.

This is the conclusion some readers have drawn from the blue-sky thinking by MoreySmith, one of Europe’s leading design and architecture practices. The consultancy has unveiled a Workplace Futures Report(1) in partnership with The Future Laboratory, revealing what offices could look like by 2025.

The report identifies the three main social and demographic trends that will mean the workplace of tomorrow looks more like a home or hotel, than like the white-collar factory of today.

The first of these trends is data-based. Under pressure from wearable devices that record and analyse our daily routines and life patterns, workplaces will integrate with our personal technology to track our emotions and productivity.

Simultaneously, as working lives grow longer, a wider spread of age groups will be represented in the workplace – from starters in their 20s, to parents in their 30s and 40s and veterans in their 60s and 70s. Each group will need different kinds of spaces.

Third, and finally, sits the ubiquitous screen-based technology of our age. In the future, workplace design will aim to filter out digital distraction so that productivity grows without leaving workers feeling deprived of their devices.

The combined effect will be offices “that are no longer a bland desk in a dumb, indifferent building”, the report says. Instead they will become multi-generational live-work-eat-sleep hubs for men and women of all ages.

The report also predicts three ways that the modern workplace will adapt and evolve to reflect these trends. The first suggests that the workplace will become more like a living being in its own right (‘the sentient workplace’). The second explores an office that feels and behaves like a community destination (‘the hospitality workplace’). The third imagines a space designed for a workforce that ranges from twenty-somethings to seventy-somethings (‘the flat-age workplace’). Many – perhaps most – will be a combination of all three. Together they will transform the way we work.

The Sentient Workplace

 Interior of a Sentient Workplace. Photo from www.worktechacademy.com

The sentient workplace is probably the closest to becoming a part of today’s everyday workplace reality. While offices were once passive, hostile places that forced workers to adapt to fit into them, the workplace of tomorrow will work the other way around. It will adapt itself to its occupants’ needs, and will be designed and built to incorporate thousands of sensors that interact with workers’ wearable devices and smartphones. “The result,” predicts the report, “will be a playground for personalisation, forming atmospheric bubbles around individual workers.”

MoreySmith says that apps that interact with the sentient workspace will be ubiquitous – not only to replace entrance cards and passes, but for greater worker satisfaction. This is already happening at Deloitte’s Edge building in Amsterdam, where an app controls parking, daily desk allocation, locker access and food ordering. Deloitte believes this has led to 60 per cent fewer absentees, a fourfold increase in job applications and a substantial increase in talent retention.

The Hospitality Workplace

Set-up of a Hospitality Workplace. Photo from www.indesignlive.com

By the mid to late 2020s the hospitality workplace will also be a routine part of our working life, MoreySmith claims. Instead of the heavily patrolled entrance and strictly staff-only feel of today’s offices, the hospitality workplace will mix public and private spaces in a happy, relaxed blend. Workplaces will include public restaurants and cafes, rooftop terraces, art galleries, barber shops, nail bars, and even hotels, as the workplace enters the sharing economy.

New office amenities will matter, providing variety and release from routine. In Dublin, both California-based software house Workday and San Francisco-based Dropbox have already introduced well-equipped music rooms. The Dropbox music suite is a cross between a recording studio and a smoky jazz club – not what you normally find in an office block(2).

According to psychologist Michael Corballis, quoted in the MoreySmith report, these new workplaces will help us by providing the right kinds of distraction. “In adapting to a complex world, we need to escape the here and now, consider possible futures, mull over past mistakes and understand how other people’s minds work,” he says.

The Flat-Age Workplace

Anatomy of a Flat-Age Workplace. Photo from www.pinterest.co.uk

With life expectancy growing, and working life extending into the 60s and 70s, the workplace of the future will be populated by several generations.

By the late 2020s the last of the baby boomers will be rubbing shoulders with the dominant Millennials and the digitally-native Generation Z in a mix that will mean soundproofed spaces for those whose patience with youthful hubbub is low, and mentor pods to help pass on information from the older to the younger, and vice versa.

Diversity incubators – spaces with a strong advocacy agenda, helping people into unfamiliar or challenging areas of work(3) – will become mainstream, says the report.

The needs of women are particularly important in the flat-age workplace – driving a change of emphasis and of amenities. Sound-proofed crèches, baby-feeding facilities and buggy and scooter parking are all being added to new office schemes, along with wellbeing rooms and gathering spaces.

Choose your tribe

While top interior designers and space-planners acknowledge the findings of the MoreySmith report, many say it understates one key part of the workplace of tomorrow: the tribal way human beings think.

Atul Bansal is co-founder at the Sheila Bird Group, and the designer credited with creating the new style of Manchester office space: sleek, clean, colourful and packed with stimulation. He says the workplace of the future may be hard to pin down.

“Workplace design ultimately comes down to tribes,” he says. “We’re all in tribes of various kinds, and we all want to feel surrounded by the rest of our tribe – be it our colleagues, our industry or our wider network.”

“That’s why community is the key to the office,” he adds. “You need to focus on the people inside the workspace, and the people outside the workspace, and how they relate to each other through the amenities and design.”

Unfortunately, he suggests, this isn’t something that can be easily touched or felt. “The tribe is a transient and truly agile thing, and catching it is like trying to catch a butterfly,” he says.

So, will the tribal workplace be the next big innovation, changing the face of offices in the years after 2025? There’s only one answer to that: set your workplace atmosphere app to ‘cool’, then wait and see.

Originally published in Work Philippines powered by Regus Philippines.

The post Is this what the office of 2025 will look like? appeared first on 8th Philippine SME Business Expo 2019.

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In a business landscape dominated by large companies with larger budgets, Small Medium Enterprises (SMEs) may struggle to establish their influence on both stakeholders and customers. Bounded by limited resources, here are some practical and cost-effective tips for SME owners who want a boost in their marketing plans.

1. Leverage on Free Marketing Tools

We should not overlook what is be readily available at our fingertips – social media, email, website marketing as well as search engine optimization tools serve as relatively cheap options to enhance your company’s presence in the market.

Marketing your product or service online not only helps to generate more hype and awareness, but also allows you to see your business from the customers’ point of view. Through Facebook messaging, tweets and emails, tofeedback forms on websites, businesses have a variety of crowd sourced ideas and evaluations to choose from. All of which could help you develop a new service to better fit your customers’ needs.

The Internet is also a platform for you to show what your business can offer to the industry, not just in terms of products, but in offering business insights as well. By providing links to helpful articles or posting invaluable tips to improve business strategies, you can gradually establish an influence online. This helps to highlight your position as an industry expert and ensures that as a business, you are engaging both fans of your products, and potential stakeholders such as business leaders.

2. Collaborate!

Two is always better than one, and the time is right for goals and interests to align. Consider engaging in collaborations such as partnerships for giveaways, or jointly-hosting events and webinars. This allows you to tap onto each other’s resources and audiences to create a greater influence and presence than you can ever achieve individually. In addition, you get to reap cost-cutting benefits due to economies of scale.

3. Treat Your Customers Right to Spread the Word

To provide outstanding customer service is to provide personalized assistance, one that listens and responds efficiently to customers’ needs. An enjoyable experience will prompt customers to recommend your business to friends, family and colleagues, and no marketing tool is better than word-of-mouth. The Wharton School of Business found that a referred customer is 18 percent more likely to stay with a company over time than the average, off-the-street customer. 

To further incentivize word-of-mouth marketing, you can consider putting in place a customer referral system – for every customer successfully referred, offer rewards such as a free month of service or a free product.

4. Engage Prospective Stakeholders

For a business, it is always good to have more prospective stakeholders at hand for future growth opportunities. Consider investing in projects to pique interest in potential parties. For example, publishing e-newsletters helps you keep both stakeholders and customers updated with your latest products/services. Coupled with testimonials from satisfied customers, this boosts the appeal and credibility of your business in the eyes of prospective stakeholders, encouraging them to exchange contact information.  Uploading white papers online will also allow prospective stakeholders to understand your products/services better, such as how they are able to address the market’s pressing needs.  Lastly, name card dropping at events also helps to increase your chances of establishing connections.

All in all, a limited budget may not always equate to lesser options. Bigger companies may have access to a wider range of resources, however, with new technology and innovation, SMEs may be able to compete within the same league too. So decide on your target audience and embark on a cost-efficient and effective marketing plan this mid-year season!

Originally posted in www.canon.com.sg

The post 4 Tips for Marketing Your SME appeared first on 8th Philippine SME Business Expo 2019.

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Have you ever wondered what entrepreneurs go through when starting a business, like what exactly do you need to do first and what you need to do after that? We list down the 5 stages every newbie entrepreneur has to go through when launching a business in the Philippines.

Stage #1: The Big Idea

For all entrepreneurs, it all starts with an idea – a light bulb moment. Whether it’s to fulfill a need, provide an alternative option to an existing solution or service or even following one’s passion, entrepreneurs get their ideas from everywhere.

The main challenge would be to executing that idea into a great business. Looking for inspiration? We have listed eight must-read business books for you to get started on the business idea.

Stage #2: Do Your Homework + Plan Plan Plan

Similar to building a house, you cannot just start a business without a plan. Sure, you may have an idea, but like building houses, it isn’t much of a house without a concrete plan, a blueprint. You need to see if this idea of yours will work, where it should open or whether it’s going to be more feasible launching shop virtually at first (online).

Fitz Villafuerte, a known financial blogger, has outlined this phase of launching a business very well. You can find his detailed process on his blog.

Don’t fall into the trap – failing to plan is planning to fail.

Logistically speaking, you also have the option of working a full-time job while starting to launch a business– you’d need all the money reserves you can get to make sure your business stays liquid. You can run your business anywhere these days, thanks to technology.

You’d need to decide on whether you are going solo in this venture or taking in a partner or partners. This is an important aspect when it comes to registering your business.

Stage #3: Give Your Business an Identity

So you want to start a business. Initial market research showed that your idea might just work! Congratulations! Now what?

However, you’d need to decide on a name first. First impression lasts so make your business name stand out. Always run a check whether your decided business name is taken or has a similar-sounding one registered. You’d want your business name to stay unique and speak your brand.

Once you have a name to go with your business, the real leg (and paper) work begins.

Stage #4: Paperwork! (Lots of it!)

In the Philippines, you’d need to register your business in different government agencies depending on whether you are a solo entrepreneur, a partnership or a corporation.

If your business is under a:

1. Sole proprietorship – register your business under the Department of Trade and Industry (DTI)
(small business owner, freelancer, entrepreneur, professional)

2. Partnership or corporation – register your business under the Securities and Exchange Commission(SEC). You can do it in one day!Your business might be any of the following: foundations, associations, NGOs, religious organizations, local and foreign companies (corporations) that have branch, representative offices, regional headquarters, general or limited partnerships.

3. Cooperative – register your business under the Cooperative Development Authority (CDA)

Before going to your local municipalities where your business is going to be operating, you would need to register your business with the Bureau of Internal Revenue so you can 1) pay taxes and 2) issue official receipts or sales invoices to your customers.

From there you would need to obtain a barangay clearance from your barangay to allow operations to start then get a business permit (Mayor’s permit) from the municipal hall. Based from experiences from seasoned entrepreneurs, requirements vary between municipalities so it is best that you ask around (better if directly from them) before obtaining a permit.

We have a comprehensive list of agencies you’d need to register or obtain a license to operate within our services page. The legwork can be pretty extensive – we can help you.

If you have employees, don’t forget to register them for benefits too.

Here’s a checklist for startups on which you need to prioritize or do later.

Stage #5: Brace Yourself. It’s Time to Launch!

You have all your paperwork done and completed, products are ready to sell and you are ready to launch! It seems that it’s the end of a really tiring journey, right?

Wrong.

Now the real work begins. The key here is to allow yourself some leeway in recovering your investment. There will surely be losses than profits during the first few months as you try to work around your business. What you may have projected or expected might not be the one that happens. It’s OK. Just make sure your business stays afloat, make adjustments and work harder.

Good Luck!

Originally posted at http://www.full-suite.com

The post 5 Stages of Starting a Business in the Philippines appeared first on 8th Philippine SME Business Expo 2019.

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Start up’s are changing industries and have demonstrated the capacity to innovate and improve lives of many Filipinos. There is 24/7 online shopping as popularized by Lazada, booking transportation and courier services done via smartphones by Grab, and cardless installment payments as revolutionized by Home Credit.

The same disruption holds true for healthcare – newer models of medical services are on the rise. RelianceCare, Inc., a subsidiary of Unilab that specializes in outpatient healthcare services, recognizes the need for local healthcare to evolve and become more efficient. Reliance banners several businesses that are market leaders and contenders within their industry. ActiveOne Health – the largest corporate clinic management company and employer of doctors and nurses – chooses to never settle and embraces innovation through a simplified and efficient onboarding process via an online training portal that enables the company to cater to clients more quickly. HealthFirst Clinic – a network of specialty clinics – continues to grow aggressively and expand its footprint in Metro Manila as well as Cebu and Batangas. Flexicare –  a health benefit administration company – challenges the norms of the industry and offers personalized and customized care to over 25,000 members and 70 companies without fixed premiums.

RelianceCare, Inc. is cognizant of your need to be nimble and agile as growing company. Here are 3 smart healthcare solutions for your business:

#1 HealthFirst Privilege Cards: Basic Annual Medical Services

If you’re working on a tight budget yet want to secure your employees’ basic medical needs, HealthFirst Privilege Cards are the perfect option. You may choose among Kalusugan (Php 800), Platinum (Php 1500), or Executive (Php 3000) cards which are loaded with one-time annual physical exam, unlimited primary doctor consultations, and dental discounts good for one year.

All services are available in any HealthFirst Clinic branch – Mandaluyong, Eastwood, Cubao, Makati, BGC, Alabang, MOA Pasay, Cebu, and soon in Batangas.

#2 Flexicare – A Health Benefit Administrator Without Fixed Premiums & Fees

If you have at least 100 employees or are finding an alternative to HMOs, Flexicare is for you. Flexicare manages your employees’ health benefits including medical (hospitalization), dental, optical, and other health-related coverage plans. The advantage is that Flexicare is based on utilization history and does not come with high premiums and fees. Flexicare is potentially a more affordable alternative to a traditional HMO plan with a broad network of accredited facilities nationwide.

#3 ActiveOne Health – An End to End Corporate Clinic Management Company

ActiveOne Health are known to be the “architects of healthier workplaces”.  From onsite clinic facilities, wellness programs, online pharmacy, online data analytics, to occupational safety & health consultancy services, ActiveOne can provide the most comprehensive suite of products to improve employee wellness and productivity. If your company is ready to step up on workplace wellness, ActiveOne Health is one of the leading partners available in the Philippines.

   

RelianceCare wants to help businesses succeed anchored not only on capital investments but on workplace wellness as well. At the end of the day, employees are still the most valuable resource. Ensure that their health is not neglected and see how this increases business productivity and growth.

For inquiries, please contact RelianceCare, Inc. at info@reliancehealth.com.ph or call (02) 504 2023.

The post Small and Medium Enterprises and Healthcare Solutions to Grow Further in the Philippines appeared first on 7th Philippine SME Business Expo 2018.

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Turning a newly established business venture into a bigger scale should be the dream of every entrepreneur. Just like any other aspects in life, though, dreaming about it is much easier than making it come true. Fortunately, there are some real, simple actions that have been proven effective to take your business to the next level. Here are seven action steps that you can take to move your business to the next level:

1. Set Unique Selling Points and Envision Goals

A good business has got to start with the idea of something unique that stands out from the crowd. Without having something special to offer, the future of the business may not look promising. That is why if your small venture has survived along the way and you are planning on taking it higher, bigger and better, it is crucial that the selling points be made more striking so that people can obviously see the benefits that are offered by your company products or services.

Once the specialty of your business is set, it should be easier for you to make a mental image of what you want your company to achieve in the future. You can set either short term or long term goals. You should also think about the hurdles that might hinder your progress along the way.

The important thing to note is that the goals should be measurable and of course higher than the company’s current achievement. Through the measurability and a new standard bar to exceed, it is expected that the company team will keep feeling motivated and at the same time, encouraged to push themselves up the raised bar. You, as the business owner, have one additional task to do at this point, though, and that is to weigh possible risks for the sake of the attainment of the newly set goals.

2. Ensure Good Customer Service

Maintaining good rapport with existing clients is as essential as getting new ones for small businesses. Consider asking for feedback and address issues and complaints quickly.

The reasons are that your current clients (especially the ones with repeated orders) mean regular income and that they may spread the news of your good quality service and products to other people they know. With those double benefits, making sure that your business is customer service oriented should be one of the priorities.

3. Keep on Learning

You should understand that no matter how much you achieve, there will always be more to be learned and applied for even greater success.

Learning in this context does not necessarily mean taking formal or informal courses. Instead, you can choose to enrich your knowledge and improve skills by reading, talking with fellow business moguls, or even online tutorials. This can easily be done as long as you are humble and keep an open mind.

4. Learn How to Delegate

Business owners should be able to act as effective delegators. In small ventures with (possibly) quite limited number of staff, most job duties are likely to be done by the owners themselves, which actually does not support maximum business growth. Despite the possible unfortunate situations, owners have to learn to identify tasks (usually the day-to-day ones) that can be assigned to employees in the hope that even several simple delegation will provide a little bit more time to think about the ways to make the business thrive or you can focus on other key areas of your business’s development.

5. Improve Productivity

The main step to increase productivity level is to create a system that will keep daily business run smoothly from day to day. The system should at least include clear job descriptions, work procedures, company regulations, administrative paperwork, and other routine duties.

In a broader scope, Human Resources Department may need to dig deeper and get more creative to keep all staff enthused to perform well and give their best for the company.

6. Keep Up with the Ever Evolving Technology

The fact that technology matters a great deal for business success is no longer a question. Its major impact for marketing campaigns must be taken into account. Going along with action number three, you as the business owner have to keep your eyes open wide to see every new opportunity that technology sophistication offers. Knowing which technology advancement that works best for the business and being able to make the most out of it will not only take your business to bigger scale, but it also saves the resources you have from being wasted.

7. Make Experiment

To move your business forward, there is a good chance that you will be required to do something different and even possibly something that you have never done before. After all, as Richard Moran once said, ”You can’t get different results by doing things the same way.”

This idea of trying something new has, in fact, been proven true by popular brands and large corporations. Take McDonald’s and Pizza Hut, for example. They offer new menus and drinks from time to time. Surely, they do not change all the menus altogether. Instead, they incorporate new changes into their typical dishes. In that way, they experiment without losing their unique characteristics.

Conclusion

Yes, growing a business is hard, but it is not impossible. If you’re willing to work hard and take the right steps, you can build a thriving enterprise

Originally posted at BusinessTips.ph 

The post 7 Ways To Take Your Small Business To The Next Level appeared first on 7th Philippine SME Business Expo 2018.

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  • Show original
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Turning a newly established business venture into a bigger scale should be the dream of every entrepreneur. Just like any other aspects in life, though, dreaming about it is much easier than making it come true. Fortunately, there are some real, simple actions that have been proven effective to take your business to the next level. Here are seven action steps that you can take to move your business to the next level:

1. Set Unique Selling Points and Envision Goals

A good business has got to start with the idea of something unique that stands out from the crowd. Without having something special to offer, the future of the business may not look promising. That is why if your small venture has survived along the way and you are planning on taking it higher, bigger and better, it is crucial that the selling points be made more striking so that people can obviously see the benefits that are offered by your company products or services.

Once the specialty of your business is set, it should be easier for you to make a mental image of what you want your company to achieve in the future. You can set either short term or long term goals. You should also think about the hurdles that might hinder your progress along the way.

The important thing to note is that the goals should be measurable and of course higher than the company’s current achievement. Through the measurability and a new standard bar to exceed, it is expected that the company team will keep feeling motivated and at the same time, encouraged to push themselves up the raised bar. You, as the business owner, have one additional task to do at this point, though, and that is to weigh possible risks for the sake of the attainment of the newly set goals.

2. Ensure Good Customer Service

Maintaining good rapport with existing clients is as essential as getting new ones for small businesses. Consider asking for feedback and address issues and complaints quickly.

The reasons are that your current clients (especially the ones with repeated orders) mean regular income and that they may spread the news of your good quality service and products to other people they know. With those double benefits, making sure that your business is customer service oriented should be one of the priorities.

3. Keep on Learning

You should understand that no matter how much you achieve, there will always be more to be learned and applied for even greater success.

Learning in this context does not necessarily mean taking formal or informal courses. Instead, you can choose to enrich your knowledge and improve skills by reading, talking with fellow business moguls, or even online tutorials. This can easily be done as long as you are humble and keep an open mind.

4. Learn How to Delegate

Business owners should be able to act as effective delegators. In small ventures with (possibly) quite limited number of staff, most job duties are likely to be done by the owners themselves, which actually does not support maximum business growth. Despite the possible unfortunate situations, owners have to learn to identify tasks (usually the day-to-day ones) that can be assigned to employees in the hope that even several simple delegation will provide a little bit more time to think about the ways to make the business thrive or you can focus on other key areas of your business’s development.

5. Improve Productivity

The main step to increase productivity level is to create a system that will keep daily business run smoothly from day to day. The system should at least include clear job descriptions, work procedures, company regulations, administrative paperwork, and other routine duties.

In a broader scope, Human Resources Department may need to dig deeper and get more creative to keep all staff enthused to perform well and give their best for the company.

6. Keep Up with the Ever Evolving Technology

The fact that technology matters a great deal for business success is no longer a question. Its major impact for marketing campaigns must be taken into account. Going along with action number three, you as the business owner have to keep your eyes open wide to see every new opportunity that technology sophistication offers. Knowing which technology advancement that works best for the business and being able to make the most out of it will not only take your business to bigger scale, but it also saves the resources you have from being wasted.

7. Make Experiment

To move your business forward, there is a good chance that you will be required to do something different and even possibly something that you have never done before. After all, as Richard Moran once said, ”You can’t get different results by doing things the same way.”

This idea of trying something new has, in fact, been proven true by popular brands and large corporations. Take McDonald’s and Pizza Hut, for example. They offer new menus and drinks from time to time. Surely, they do not change all the menus altogether. Instead, they incorporate new changes into their typical dishes. In that way, they experiment without losing their unique characteristics.

Conclusion

Yes, growing a business is hard, but it is not impossible. If you’re willing to work hard and take the right steps, you can build a thriving enterprise

Originally posted at BusinessTips.ph 

The post 7 Ways To Take Your Small Business To The Next Level appeared first on 7th Philippine SME Business Expo 2018.

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