Philippine Business, Franchise & Investment info at MagNegosyo

Valentine’s Day, Mother’s Day. Just two of the most important holidays. And during these occasions, we go to the nearest flower shop to buy a fresh bouquet of flowers — be it red roses, white roses, and roses by any other color — to offers the most important people in our lives.

And because of our sentimental way of celebrating special events with flowers, flower shops in the Philippines are always in bloom. Florabella flower shop is one of those supplying us with special flower arrangements for every occasion.

Continue reading Florabella’s Flowers For All Occasions

Beads jewelry and accessories are very much a part of today’s fashion trend. Shops and kiosk carrying these products abound in the malls and you will find people checking them out and purchasing a bling or two. Beads jewelry making is very easy to do as long as you have the artistic flair for it.

But would you know that you can start your own beads business with less than Php5,000 capital?

KC Abalos, a micro-business entrepreneur, did just that. With very small capital on hand she began creating beads jewelry in 2002 as a part-time thing.

Read More Beads Business for Php5,000 Capital

The business-friendly Philippines holds attractive industries that will make your investments grow and grow even further The smart and zealous businessman knows no boundaries on the kind of ventures that they can establish. Equally, the Philippines offers no boundaries in terms of business opportunities.

The Medium Term Philippine Development Plan 2004 to 2010 - the government’s blueprint to lead the Philippines to global competitiveness – includes the following priority areas that merit incentive packages from the government: Information Technology and IT-enabled services; Automotive; Electronics; Mining; Healthcare; Tourism; Shipbuilding; Fashion Garments; Jewelry; and Agribusiness.

Read More Philippine Business Competitiveness Cutting Across Industries

By Carina Roncesvalles

Innovation is one of the main ingredients for a successful business. However, it may be risky to put up a business in the untested market but when the business formula proved to be a hit, the success is sweeter. This, in a capsule is the story behind Ice Monster - the monster on the business of iced desserts.

With Ice Monster, the delicious possibilities are endless. The iced dessert mainly consists of ice shavings made more exciting by a variety of toppings such as mango, starwberry, brownie fudge, cookies and cream, blueberry and peach, choco banana, buko pandan, kiwi, Japanese kakigori, coffee jelly, mango pomelo, aloe honey, peanut, red grapes, saba langka, choco waffle, and taro red bean.

Continue Reading Ice Monster Business Profile

By Carina Roncesvalles

Franchising has been a buzzword in the business community. Budding Filipino entrepreneurs who already have the capital to start an enterprise include franchising in the roster of its business options because of the tried and tested formula that runs the franchise business.

The Department of Trade and Industry (DTI) defines franchising as a method of doing business where the buyer (the franchisee) runs a business by using the system and trademark of the seller (the franchisor).

The DTI noted that the franchise investment generally includes: franchise fee which ranges from P200,000 to P4 million, depending on the product or service of the business and the store or outlet set-up; marketing study; store design and layout assistance; training programs; leasehold improvements (outlet construction); equipment and signage; pre-opening marketing expense; and pre-opening supplies. It added that the recovery period of investment ranges from six months to three years.

Continue Reading Philippine Franchising 101

By Carina Roncesvalles

Small and Medium Enterprises (SMEs) are big-time businesses in the Philippines. The SMEs are the backbone of the Philippine economy as these entities make up 99.6% of registered enterprises in the country, employ 69.9% of the labor force, and contribute 32% of the economy.

More than just being business ventures, SMEs take a key role in the Philippines as these establishments assure that quality products and services are within reach of every Filipino nationwide. SMEs also contribute to the equitable distribution of income and the poverty alleviation campaign.

RA 8289 or the Magna Carta for Small Enterprises defines an SME as “any business activity or enterprise engaged in industry, agribusiness and/or services, whether single proprietoship, cooperative, partnership or corporation whose total assets, inclusive of those arising from loans, but exclusive of the land on which the particularl business entity’s office, plant and equipment are situated, must have value falling under the following categories: less than P1,500,001 for micro enterprises; P1,500,001 to P15,000,000 for small enterprises; and P15,000,001 to P60,000,000 for medium enterprises.”

Continue reading Small & Medium Enterprises in the Philippines.