Opportunity Seizing
After Opportunity Seeking and Screening, the entrepreneur is ready for Opportunity Seizing, the final stage. By now, the entrepreneur has an idea as to where he or she will locate the business and how...
The Importance of a Feasibility Study to your Business
For bigger projects that entail millions of pesos worth of investment, a full-blown feasibility study might be required more than the pre-feasibility study. As compared to a pre-feasibility study, a feasibility study is more...
The Four Types of Corporations
A corporation can be formed or incorporated by, at least five, or at most 15 natural persons. According to Philippine law, the majority of the incorporators must be residents of the Philippines. However, once...
Organizing and Structuring Your Enterprise
The Business Plan must be able to estimate the capital required by the enterprise. The capital required would be dictated by the investment in the assets of the enterprise. These assets are composed of...
How to Come Up with a Very Good Business Plan?
After creating a clear purpose and a compelling vision, the next step for the entrepreneur is to have a very good business plan. It is a wise thing to do in order to chart...
How to Make your Enterprise a Company of Angels
In livelihood undertakings or microenterprises, it is common for entrepreneurs to embark on a business venture as a "lone wolf," not needing the capital or expertise of others. At best, it may be a...
Creating a Very Clear Purpose and Compelling Vision for your Business
After much seeking and screening of entrepreneurial opportunities, the critical decision to seize one particular opportunity culminates in the establishment of an enterprise.Presumably, all the market research has been done and the desired customer...
Make Your Product New and Improved
There are many existing products in the market that are serving the needs and wants of customers but not that well. The existing products are being tolerated because there are enough features and attributes...
Product Launch and the Business Mind
The business mind brings the product from the prototype stage to the production phase and, finally, to its ultimate destination, the marketplace. The product must be made shop-ready for commercial purposes.The business mind must...
Product Development and the Technical Mind
In order to convert the product concept into a viable product, the technical mind must intervene to provide the quality and performance specifications through technology.In the case of Lampturn, the product simply required the...