Showing posts with label startup tips. Show all posts
Showing posts with label startup tips. Show all posts

Agencies and permits to know when starting a business

Posted by oink2 Friday, November 25, 2011 1 comments
So you've finally decided to push through with your business idea and as luck would have it, also find funding for it. Now comes the part that every entrepreneur doesn't look forward to: securing all the necessary permits to start your business.

Below is a list of the government agencies you need to go to and the permits your need to apply for:
 
Department of Trade and Industry (DTI)

- This is where you register if your enterprise is a single proprietorship. The agency will issue a certificate of registration of business name.

Securities and Exchange Commission (SEC)
- If your enterprise is a partnership or a corporation, this is where you will register. It will issue a certificate of registration.

Cooperative Development Authority (CDA)


- If your set-up is a cooperative, register with this body. The agency will issue the certificate of registration.

Local Government Unit (LGU)

- You register with the municipality or city where you will set up your business. This office will issue the business permit.

Barangay Hall

- You register with the specific barangay in the municipality or city where you will operate your business. This office will issue the barangay clearance.

Bureau of Internal Revenue (BIR)

- You register your business with this office and apply for your business’s taxpayer identification number (TIN), registration of books of accounts, authority to print

Social Security System (SSS)

- You register your business as an employer, yourself as a self-employed or as employee, and your workers as employees. This office will issue an SSS number for your business, for yourself, as well as for your workers.

Department of Labor and Employment (DOLE)

- If you employ five workers or more, register your business with this agency. The DOLE is asked to promote gainful employment opportunities, protect workers and promote their welfare, develop human resources, and maintain industrial peace.

Home Development Mutual Fund (HDMF)


- RA 7742 requires all SSS members earning at least P4,000 a month to register with this agency. HDMF administers the Pag-Ibig Fund.

Philippine Health Insurance Corp. (PhilHealth)


- The New National Health Insurance Act (RA 7875) as amended by RA 9241 requires all employers of the government and private sectors and their employees to register with this agency. PhilHealth manages and administers the government health care system.

source: entrepreneur.com.ph

How to Use Twitter for Your Small Business

Posted by oink2 Tuesday, November 1, 2011 0 comments

For small businesses with no marketing budget, the free microblogging site Twitter can be a powerful means of reaching customers and getting the word out.
Mobile food businesses use it to announce their next location and their menu for the day. Social-media savvy bloggers use it to share their latest postings and articles.
However, many more small business owners either do not understand the purpose of Twitter; or do not know how to use Twitter.
The new book Taking on Twitter: Strategic Tweeting for Small Business We interviewed Kathi Browne on how small businesses should use Twitter:

Why should small businesses use Twitter?
Twitter’s main strength is not selling a business or product. Its strength is in spreading information quickly. At the very least, businesses should consider using Twitter as a resource to stay informed about an industry, customers, and competition. Then those businesses will begin to understand how important it is to have a presence, too.

How can Twitter help business owners reach their target market? How does it help them build their brand?
Twitter makes a direct and indirect impact on a market. You know the saying, “say it enough times and it will be true.” Well, “get seen enough times and you will be known” is equally true. Brand recognition can be greatly improved if you tweet effectively, and that means more people know about you. In addition, the more buzz you create on Twitter, the more it affects your page ranking on search engines like Google.

What is the common mistake that you’ve seen small business owners commit on Twitter?
Too many businesses don’t take the time to understand how Twitter works. They either build up a huge following and then flood them with spam, or tweet really good content to a following of only a few.

Many small businesses hesitate to tweet because they don’t know what to say on Twitter. What should they tweet about?
Social media is about being personable. It is the human quality of a business that keeps people interested. Businesses shouldn’t tweet as a building, but as somebody inside the building. People want a glimpse of who that person is and what makes them adorable, funny, interesting, or unusual. Work a brand or promotion into the storyline and you have a good presence.
For example, imagine a Mary Kay rep tweeting from the perspective of a dog who thinks she runs the place. One day, the dog tweets that she will give a free lipstick to the first person who tweets a picture wearing the same nail polish she is wearing that day. Tweets flood in naming color after color along with pictures of customers wearing the product. Later, the dog announces the winning color (with a picture, of course) and comments on how nice everyone looks. Not only does she get people talking about their favorite Mary Kay color, but the customers enjoy being mentioned too.

What are your top 3 tips for small business owners in using Twitter?
  • Communicate your social media strategy with all of your employees so they aren’t in the dark and so they can contribute to the success.
  • Engage with others in two-way conversation.
  • Give other people the gift of exposure so they will return the favor.


source: powerhomebiz.com

3 steps to getting a Shopping Mall location

Posted by oink2 Friday, October 21, 2011 0 comments
Are you thinking of locating your business in a shopping mall? Here are the things that you should do:

The first step towards locating your business in a shopping mall is to pitch your product to the mall administration. Lourdes Alano, tenant mix director for Robinsons Malls, says that all businesses hoping to locate in the malls first need to pass a selection process.

Write a letter of intent describing the business concept you have. In the case of Robinsons, this can be done online. Afterwards, you will be requested to provide requisite documents such as business prospectus and the required business permits.

Depending on the business concept you propose—specifically, whether similar businesses already exist in the mall—your proposal may be approved or not.


ROBINSONS LAND CORP.
Commercial Centers Division
Level 2, Galleria Corporate Center
EDSA corner Ortigas Avenue, Quezon City
(02) 397-1888; customer.care@robinsonsland.com



source: entrepreneur.com.ph

Tax basics to remember before you open your business

Posted by oink2 Monday, October 17, 2011 1 comments
Failure of an establishment to issue a receipt can lead to penalties, imprisonment, suspension of business operations, or temporary closure. So, if you are a business owner, make sure of the following:

Before starting your business operations, you must:

1. Register your establishment, including all of your branch offices and shops, if any.

2. Register your books of accounts.

3. Get a permit to print and issue receipts and invoices.

4. Get a permit to use cash register and point of sale machines
.
5. Get a permit to use looseleaf books of accounts or a computerized accounting system.


During your business operations:

1. Pay the annual registration fee.

2. Issue registered invoices and receipts.

3. Keep your duly registered books of account in the business premises.

4. Preserve all of your books of accounts for audit purposes.



source: entrepreneur.com.ph

10 secrets for successful networking

Posted by oink2 Friday, October 14, 2011 0 comments


How do you make the most of every contact you make? How can you gain the trust of your contacts so they’ll start connecting you to all the people in their network? The greatest networkers have a simple, practical system for making a lasting impression and building a strong foundation for future sales success. 

1. Start off strong
Give new contacts a firm handshake and look them in the eye. An upbeat attitude and a sincere eagerness to meet them will be reciprocated.

2. Listen more than talk
You can’t really start to build a relationship until you’re locked into the other person’s hot buttons and listening to what makes him tick.

3. Ask questions to build rapport and understanding
Once you hear his answer, do you have him go into greater detail? Great salespeople know how to move the conversation forward with the right open-ended questions.

4. Find common ground
Doing so allows you to connect with contacts on a deeper level, whether it’s sports, hobbies or family interests. When my customers start talking about their kids and how they are interested in the same activities as my own, the conversation flows.

5. Do your homework
When the customer sees you’ve invested time into understanding his business, there is a certain level of trust established right away. Even better is when the homework you did brings new ideas and additional value to the customer.

6. Sell what they sell
You know who your customer is, but do you know who your customer’s customers are and how you can help sell more to them? Help your customers build their businesses, and they’ll end up building yours.

7. Offer outside help
Can you offer a resource—say, a personal trainer or a good book—that assists them in an area outside of what you sell? Going out of your way to help can get you in the door and keep you connected.

8. Keep your network strong
Surround yourself with people your contacts would want to meet. I am always thinking about the company my contacts keep. It tells me a great deal about their intelligence and integrity.

9. Be true to who you are
People cannot connect with you when you’re trying to be someone else. Being honest about what you do, who you are and what you believe in says a lot about your character.

10. Follow up and follow through
In the world of networking, connections and building relationships, this is the glue that holds it all together.









source: entrepreneur.com.ph
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