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Why Start A Business?

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There are so many reasons why people want to start their own businesses.

Some are very clear about what they wanted to do and how to go about it; others are jumping the business bandwagon just to test the waters.

There are people who simply wanted to have an extra income apart from their day job. Can you relate with this group?

According to William Stolze, an entrepreneur himself and author of the book “Startup: An Entrepreneur’s Guide To Launching and Managing a New Business”, these reasons can be grouped into two broad categories: active reasons and reactive reasons. Active Reasons “are the positives that pull you out”; that is, you want to be in business because you wanted to make a positive contribution. You are being reactive if you want to be in business simply because you are sick and tired of being an employee and all aspects associated with it.

You, too, may have your own set of reasons for wanting to start a company. Whatever it is, the following list should be able to guide you in developing your own reasons, and hopefully, it will be among the Active Reasons, as opposed to the Reactive ones.

Why Start a Business

To Start or Not To Start a Business? That is the Question.

1. Follow Your Bliss. A lot of entrepreneurs consider their businesses as an extension of themselves. They do it to express their passion in life.

2. More Money. The potential to earn more is high. Compared to being a plain employee of another company where the income is usually fixed, in business, there is no ceiling as to how much you can earn. Most businessmen believe that there is actually a direct correlation between your income and the amount of work that you put into your business.

3. Yes, Boss! The good thing about starting up a small business is that no one can dictate you on what you should and not do. All the decisions will come according to what your mind and heart tells you. In the end, no matter how the business will fare, because you were brave and independent, you will always be feel like you’re the captain of the ship.

4. Freedom. Who doesn’t love it? How about taking the time off now and head straight to the beach? Or, how about calling your secretary to reschedule that Manic Monday Meeting, because you feel like watching Lady Gaga on MTV? Isn’t that what freedom is all about?

5. Heal The World. Make it a better place. I bet that sounds like so Michael Jackson, so let’s make it simple: Solve A Problem. Any business is in the business of solving a problem – and the entrepreneur, the ultimate problem solver.

In closing, I think the title of this article is worth pondering. Before you start asking your friends and relatives what kind of business to put up, give yourself enough time to come up with your own personal answer to this question: “Why should I start a business?”

7 Ways To Get Rich in the Philippines

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“If you stay here in the Philippines, you’ll never be rich.”

Those words came from my cousin who is a seaman.

When I was a kid, I was determined to become a seaman. Well-meaning as they truly are, my elder folks back home somehow led me to believe that it’s the only way you can become rich at the cheapest amount of investment in school. And from my observations of my own family and close relatives, it’s not difficult to tell who from among them has fattest wallets. I was convinced. I have to be a seaman.

I have two close friends — a couple — who are overseas workers. Every time we meet when they are back home in the Philippines, the husband would always say there is “no hope” for anyone to become rich here in the Philippines.

“Look at the salaries of your employees,” I remember him say. After a long pause and some kind of mental calculation, he continued, “I could earn at least 10 times as much if I do the same thing abroad.” That is, his one month salary abroad is equivalent to a year’s hard work here the Philippines. What a magic geography can do!

Do you agree? Isn’t it ironic why every Filipino’s dream is to flee from the Philippines?

I beg to disagree. That’s why I decided not to become a seaman. I could go on arguing why such kind of thinking is fundamentally flawed, but I’d rather not elaborate it here.

Suffice it to say that it is highly possible to become rich in this country. It can be done. A lot of people are doing it already. You, too can make it here!

Let me show you some of the ways.

1. Be Born Rich

Some guys are lucky to be born to a rich family. There is nothing wrong about this. If this is you, you owe it to yourself and your parents to keep the family wealth, preserve it, and let it grow for the future generations.

2. Marry Rich

Everybody loves shortcut. When it comes to wealth transfer, the marriage certificate is the ultimate shortcut ever devised by mankind.

“If thy marry for money, thy surely will earn it.” –A wise, anonymous lady.

3. Enter Showbiz

A lot of Filipinos could sense it already. That’s why when an audition for a talent search is conducted at some place in the country, people would flock to go there, endure the hardships just to get their ration of riches and fame… even just temporarily.

“The celebrity syndrome. When people forget who they are and start to believe what other people say about them.” –Paulo Coelho, The Winner Stands Alone

4. Become A Boxer

make money

A Wanna Be A Billionaire So Freaking Bad

If you can pull punches like Pacman and you’ve got foot works that could beat any breed of chicken, by all means don’t be shy… come out in the open… box.

Just make sure you know how to get the attention of Bob Arum and insist on fighting in the land of the free, home of the brave. That’s where big bucks are coming from.

But here’s the trick: you have do the boxing there (therefore, earn there) and live here in the Philippines. That’s like becoming an OFW, but you only have to really work hard for 1 month out of 12. And your earning potential? That’s directly proportional to how many elite boxers you can knock on the floor in the early rounds.

Let’s get ready to rumble?

5. Play Lotto

The game of chance is as old as mankind. In the Philippines, there are two kinds of gambling: legal and illegal — talk about double standards. If you should try to make it, you have to know the difference. Lotto tops the list of my recommendations.

6. Fool The People

If it already runs in the family or you’ve got the right connections, this route is either easy or bloody. And those who have taken the journey could tell you how good it is to be in power.

Tell the people that your main vocation in life is to become their servant. Plus, you love the poor, too. But never, ever tell them the ultimate truth: you don’t want to become one of them, or live where they live, or eat what they eat.

You only have two potential enemies here: your own conscience and the other guy who is always planning to kick you from your sit.

7. Own A Business

Seriously, this is the best chance left for most of us Filipinos to make it financially. You can’t be re-born to a rich family; at least not in this lifetime. Marrying a rich guy/gal is really like playing the lottery. Most of us don’t have a remarkable talent we could proudly take outside videoke bar. And we would rather just watch boxing over cable TV than actually be in the ring.

Business… Let’s give it some thought.

Negosyo Builder: Not Just Another Business Website in the Philippines

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Have you ever thought about running your own business but don’t know where or how to start?

Or, perhaps you already have an offline, bricks-and-mortar store and you want to complement it with an online version?

How about learning the essentials of accounting, business finance and internet marketing?

Welcome to NegosyoBuilder.com!

This website is made for the new and the veteran entrepreneurs like you, who needed help in business-related issues in the Philippines. Whether it is starting a new business venture, outsourcing to the Philippines, looking for dealers and distributors in the provinces, getting your business online, expanding your empire or even retiring it, this website is intended to assist you along the way by pointing you in the right direction and showing you some helpful resources just when you need it.

Up and Coming Articles

Doing Business: Start-up Guide, Accounting Fundamentals, etc

  • How To Register A Business In The Philippines. For a Philippine Business to be called a legitimate operation, it must secure the proper registrations, permits and licensed from the various regulating agencies of the government. This article discusses the steps in the business registration process.
  • The Forms of Business Ownership In The Philippines. You may already be familiar with Sole Proprietorships, Partnerships and Corporate setups of a business. They are the 3 most common legal structures of a business, and as such, they also determine the nature of ownership and control an entrepreneur has over company. Did you know about the fourth kind of business entity?
  • Sources of Capital : How To Fund Your Startup. This part talks about the money needed in starting a business and where to get it.
  • Why Start A Business? Did you know that there are active and reactive reasons why people put up their own businesses? This article shows you the best approach to doing it.
  • DIY Event Management for Small Businesses. Here is your chance of getting up to speed with the fundamentals of Events Management.
  • Accounting 101: Financial Statements Explained. Monitoring the financial health of your company means taking a look at the accounting side of the business. This article shows you the most important financial statements you can’t afford to ignore.

Technology On Business

  • Essential Electronic Gadgets for Today’s Entrepreneurs. The new breed of Filipino Entrepreneurs loves of tech gadgets.
  • Domain Name Tips. A picture paints a thousand words. But a good domain name can be worth a thousand dollars or more. A domain name is an investment by itself. Learn how to do it right.

You On Business

    The 3 Business Personalities. Inside every entrepreneur are personalities that always clash with each other.

This is the first article entry for this website and we have a lot more to cover in the next couple of days.

Stay in touch!