ARE YOU LEGAL?

ARE YOU LEGAL? 

Every year since I retired from the corporate world, I set up a business for myself or help set up businesses for others especially my student entreps and mentees. Currently, I’m teaching at the Makati Medical College. Who? Senior nursing students who I believe will have a challenge finding nursing jobs by the time they graduate this April 2013. 

Registered Business Name

Whether in undergraduate programs, Master’s degree at the Asian Institute of Management (AIM), or weekend entrep courses with Bro. Bo (under Beacon Light Events), the standards to teach entrepreneurship are the same: it is not just theory but rather execution! 

As part of my ‘Venture into Entrep’ subject, the requirements for a GOOD EXECUTION (not passing grade only) are two things: 

a. Business plan with napkin economics (10 page summary of the venture); 

b. Business registration (actual certificate of DTI registration). 

Why Do I Need to Be Legal? 

The best way of looking at this requirement is to consider that your business is your newborn child. Any parent would be proud of his/her child and would definitely want togive the child a name, a birth certificate from the City Hall, and a baptismal certificate (for Catholics) from the local parish. No parent would want his or her child to be illegitimate or be taken by someone else other than the real parent. Right?

In a business set-up, we don’t want our business to be illegitimate – Bawal ang kabit! (As a cable company advertisement would say) or be taken over by someone else (private or government) in the future. 

If Any of These Situations Happen, Then You Need to Be Legally Registered: 

• Will you rent a space other than your own house? 

• Will you have a signboard or tarp outside your business place (home or rented space)? 

• Will you allow customers to enter your business place? 

• Will you want to grow your business and bid for government or corporate accounts? 

• Will you in the future, need a business loan from a bank or financial institution? 

• Will you in the near future need partners other than your immediate relatives to fund any business expansion? 

Caution to Online Entrepreneurs: The BIR will start to do tax mapping for Internet businesses this 2013.

To be Legal Is Easy! 

You can either do the manual and traditional way (BTRCP Form 16A 2011 edition), or the virtual way via the website of DTI (http://www.bnrs.dti.gov.ph/web/guest/registration). 

Let me highlight what’s in the BNRS (Business Name Registration System) online system: Applicants who want to reserve a business name are advised to have several alternatives. It is fairly common that first choice cannot be registered because (a) it is already reserved, or (b) it is similar or confusingly similar to an existing business name. 

Your name should be descriptive as well as distinctive. We will help you ensure your name is distinctive by looking for similar names that are already registered. Click on the Check Availability button after you finish entering your proposed business name. If the Business Name Registration System finds your proposed business name available, you can proceed to register the name. We reserve your business name for five (5) days only. 

Business Name (BN) is subject to the Terms and Conditions set forth under the Revised Implementing Rules and Regulations of Act 3883, known as “Business Name Law.” Your proposed Business Name (Taken from BNRS website) MUST: 

• Not be used for business that is illegal, offensive, scandalous, or contrary to propriety (Example: Popoy’s Jueteng Betting Place, Boobs Massage and Spa); 

• Not be the same or nearly the same as an existing registered business, company, partnership, corporation (Securities and Exchange Commission), cooperative name (Cooperative Development Authority); nor it infringes on any trademark, service mark and trade name (Intellectual Property Office) (Example: Anne Dok’s Lechon, Jolibee, Starbax Cafe); 

• Not be composed purely of generic or geographic words (Example: The Laundry Shop, Bacolod); 

• Not be a name which by law or regulation cannot be appropriated (Example: OTOP, Intelligence, State College, CALABARZON); 

• Not be used to designate or distinguish, or not suggestive of quality of any class of goods, articles, merchandise, or service (Example: Best Taho Factory, A-1 Auto Repair Shop); 

• Not be a name or abbreviation of a name used by the government in its governmental functions (Example: NBI Private Investigation Services, DTI Trading); 

• Not be a name or abbreviation of a name of any nation, inter-governmental or international organization (Example: Philippine Manpower Pooling Agency, UNESCO Marketing, WHO Health Services); and, 

• Not be deceptive, misleading or which misrepresents the nature of business (Example: ABC Construction Services where nature of business is recruitment, a business name carrying another person’s name). 

Are you Legal?

Based on experience, talking to a DTI officer via the traditional paper application is easier (except for the time that you need to queue at the DTI office) than interacting with a computer system that has many restrictions. 

Don’t get me wrong, the BNRS online system is a good system to deter unscrupulous people that would want to deceive consumers.  

Final Advice 

Once you have an approved business name1, my suggestion is to pay either the city (P500) or regional (P1000) territorial scope versus barangay (P200)2. Why? You are registering it not only for the business NOW but also in the near future. 

Remember: Business is not a 100-meter dash but rather a marathon race—it is for the long run.

Source: Wrote by Dean Pax, TrulyRichClub Wealthatrategy

Requirements for Opening a Bank Savings Account

Requirements for Opening a Bank Savings Account

Many of us, wanting to save more money from monthly salary. But instead of keeping our money inside our home. It is more convinient to put our saving in a bank and take the advantages of the interest per year given by a bank since these save money will not be use from our daily expenses.

To put our save money to a bank just simply open an account to a bank you've choice.

Savings account is a helpful tool to save money regularly. It offers many benefits and services you may need for budgeting and financial planning. A savings account enrolled at online banking can be a powerful instrument to monitor your expenses and saving.

With online banking, you can pay your bills such as Electric bills, phone bills, water bills, credit card bill and many more with a click of your mouse anywhere, anytime as long as you have an internet connection. There are really many benefits of having a savings account, that’s why it is recommended to apply for one.

In order to open a savings account, visit the bank of your choice and bring the following requirements for opening a savings account. I suggest opening a savings account in a well established bank like BPI, BDO, Metrobank, PSBank, RCBC, DBP, PNB, Land Bank, Security Bank and ChinaBank. Below I make a list of some common requirement needed for opening bank account.

Requirements for opening a savings account:

- Two (2) valid and recent IDs with your name and photo

- One (1) Photocopy of ID that you will present

ID's acceptable for opening a savings account can be:

- Passport

- Driver’s license

- Professional Regulations Commission (PRC) ID

- National Bureau of Investigation (NBI) clearance

- Police clearance

- Postal ID

- Voter’s ID

- Barangay certification

- Government Service and Insurance System (GSIS) e-Card

- Social Security System (SSS) card

- Philhealth card

- Senior Citizen Card

- Overseas Workers Welfare Administration (OWWA) ID

- OFW ID

- Seaman’s Book

- Alien Certification of Registration/Immigrant Certificate of Registration

Government office ID (e.g. Armed Forces of the Philippines (AFP), Home Development Mutual Fund (HDMF) IDs), Certification from the National Council for the Welfare of Disabled Persons (NCWDP), Department of Social Welfare and Development (DSWD) Certification

Other valid IDs issued by the Government

Original billing statement and 2 photocopies of it in order to verify your address. Billing statement can be Electric bill, Telephone bill, Water bill, Credit Card bill, Cellphone bill etc.

Two (2) 1×1 latest ID picture

Initial Deposit for Opening Account normally range from P500-10,000 depending on what bank

Ball pen for filling up application forms 

How will I know if the website is secure or not for transactions?

How will I know if the website is secure or not for transactions?

As I read an article Beware of the fake UnionBank website from pinoymoneytalk website this morning discussing and giving warning to his readers about phishing email that design to steal your valuable information such as bank account, credit card number and most commonly they want to steal your username and password of your online bank account.

So that it easily for them to access your online account and then transfer your money to another account. As he explained, he received an email with a Uniform Resource Locator (URL) link inside the email message telling that he must to click and go to a certain website in order to restore his account access in UnionBank of the Philippines. He knows that the site is fake that is why he immediately writes an article to warn his reader.

In connection to this article, I would like to raises awareness and share how will you know if the site you’re visiting is secure for transaction and will not compromise your information. It’s easy to find and determine which site is secure and which is not by looking and examining the Uniform Resource Locator (URL),the website address or simply by looking the first 4 letters the HTTP.

I will explain to you about the benefits of looking and examine the 4 first letter of the website address. I suggest don’t ever enter your personal information like your credit card information, bank account number etc. in an HTTP website. 

But if the website address begins with HTTPS(with letter "S")it basically means your computer is talking to the website in a secure code that no one can eavesdrop on.

Now, what is the difference between HTTP and HTTPS?

Maybe you already knew this, but I thought it was very important enough to write and informs other who are not aware and know this.

First many people are unaware of the main difference between HTTP:// and HTTPS:// is. It's all about keeping you secure.

HTTP stands for Hypertext Transfer Protocol.

Which is just a fancy way of saying it's a Protocol (a language in a manner of speaking). In order the information to be passed back and forth between web servers and client. The important thing is the letter "S" which makes the difference between HTTP and HTTPS.

The "S" stands for "Secure". If you visit a website or web page and look at the 4 first letter of a website address in the web browser, it will likely begin with the following:

HTTP://. It means that the website you visit is talking to your Browser (ex. Internet Explorer, Firefox, Chrome) using the regular unsecured language.

In other words, it is possible for someone to "eavesdrop" on your computer's conversation with the website. If you fill out a form on the website, someone might able to see the information you send to that site.

This is why I suggest never ever enter your information like your credit Card, Bank account number etc. in an HTTP website.

But if the website address begins with HTTPS:// it basically means your computer is talking to a website in a secure code that no one can eavesdrop on.

To know and to find out, try to open any of your bank website, once you open the website you may notice their homepage is using HTTP only but once you log in and open your online bank account it will change to HTTPS for security reason.

I hope you learned something and understand why this is so important. If a website ever asks you again to enter your Bank and credit Card information better you should automatically look first and examine the site if the website address begins with HTTPS. If it doesn't, then beware there's no way you're going to enter your sensitive information to that website. 


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Know how to protect you money

PDIC assures LBC Bank depositors they will get their money back soon

PDIC assures LBC Bank depositors they will get their money back soon 

MANILA, Philippines—The Philippine Deposit Insurance Corp. has assured the LBC Development Bank’s depositors, many of whom are believed to be families of overseas Filipino workers, that they would be able to get back the remittances they placed as deposits in the failed bank.

In a statement, PDIC said all deposits covered by insurance and confirmed as valid would be paid immediately after the process of validation has been completed. 

“PDIC assures the public, particularly depositors of the LBC Development Bank, that the corporation will pay all valid accounts and deposit insurance claims as soon as possible,” PDIC said in a statement. 

In a press conference, PDIC Executive Vice President Cristina Orbeta said the LBC Development Bank had many OFW families as depositors given the bank’s tie-up with courier and remittance firm LBC Express. 

She said the PDIC had the interest of OFW families and all depositors in mind. PDIC will announce soon the schedules of depositors’ forums, where depositors will be oriented on the process of claiming deposit insurance. Such forums are normally held in the branches of a bank that has been ordered closed. 

Last Thursday, the Monetary Board of the Bangko Sentral ng Pilipinas placed the LBC Development Bank, the financial services arm of the LBC Group, under receivership of PDIC. 

Nestor Espenilla, BSP deputy governor for bank supervision, said the bank was placed under receivership because, for one, it had already turned insolvent. This means the liabilities of the bank have already exceeded its assets. 

Espenilla also said LBC Development Bank had been engaged in unsafe and unsound banking practices including commitment of paying interest rate on deposits higher than the average commercial interest rate.

According to Orbeta, a bank that offers interest rates much higher than the average should elicit doubts from depositors about its sustainability. 

“High return means high risk,” Orbeta reminded depositors. She urged depositors to inquire about rules on safe and sound banking practices and see if their banks have been compliant with those. 

Espenilla said that prior to its closure, LBC Development Bank had been under the Prompt Corrective Action (PCA) program of the BSP. Still, it failed to improve its financial standing. 

Banks placed under the PCA program are placed under stricter monitoring and are advised on how it can improve its financial standing and comply with the liquidity requirements of the BSP.

“LBC Bank had been under PCA, but it failed to improve to address concerns of the BSP,” Espenilla said.

LBC Bank had a head office in Makati City, and 19 branches nationwide. The bank had 321,516 depositors owning P6.09 billion worth of deposits. 

PDIC said that of the deposits placed with LBC Development Bank, P3.73 billion is covered by insurance. Under the charter of PDIC, deposit account worth P500,000 or below is covered by insurance. 

Orbeta said the failure of LBC Development Bank did not reflect the state of the country’s thrift banking sector in general. She said the case of LBC Development Bank was an exception rather than the rule. 

“[LBC Development Ban] is just a small bank and is not expected to affect the health of the thrift banking industry. There are many other thrift banks in the country that are healthy,” Orbeta said.

Source:

http://business.inquirer.net

How to Become a Natasha Dealer

How to Become a Natasha Dealer 

Natasha is a Filipino-owned direct selling company carrying quality made shoes, apparel, accessories and personal care products. Since Natasha started in 1993, it has steadily grown to become one of the leading direct selling companies in the country. 

If you are a mom, dad, student, retired senior or young professional wanting to have an added income in the pocket, why not try to be a Natasha dealer and start your own part-time business? 

How You Will Earn: 

You earn by selling Natasha products. You can also earn a commission on the sales of your recruits. To know more please click Natasha Marketing Plan. With Natasha, you have the opportunity to become a successful business person if you are willing to work hard. 

There are 3 ways to become a Natasha Member: 

1. Approach the Natasha Member near you and ask him/her to recruit you. 

2. Go to Natasha Branches and look which Natasha branch is near you. When you visit one of their branches please approach the Networking counter and tell the staff that you would like to register. 

3. Click Recruiter Locator to find the Natasha Member near you. He/she can serve as your recruiter and guide you in starting your own business. 

Requirements:
- Registration form with (2) 1” x 1” ID pictures. 

- Php150 for the sales kit and membership ID. 

Source: http://www.natasha.ph

Philippines Pesos Exchange Rate to Dollar

Philippines Pesos Exchange Rate to Dollar

Pare, magkano palitan ng dollar sa pesos ngayon?(Pinoy or tagalog saying) 

How much is the Philippines Pesos Exchange Rate to dollar now? In the Philippines, in most pinoy if someone asked a question and talking about Philippines Pesos Exchange Rate to dollar, we can easily identified perhaps that this person has an Overseas Filipino Worker (OFW) relative working abroad.

And Im sure his/her waiting some money to arrived coming from the remittance of his pinoy OFW relatives. 

For every pinoy OFW, it is common question you can always hear from them during end of the month and pay day of their salary. Before sending money to the Philippines, they like to know first how much the Philippines Pesos Exchange Rate to dollar are, and the only way to find out is by watching TV, reading newspaper and surfing on the internet or asking the same question above to his/her Filipino co-worker.

And hoping Philippines Pesos exchange rate to dollar are much more higher compare last or previous month. They will feel happy if the Philippines Pesos exchange rate to dollar is higher because they can send also much higher amount of money to their family and love  ones. 

As for myself, I'm always doing same thing, before sending money in the Philippines I'm always looking around and surfing the internet to find out how much the Philippines Pesos Exchange Rate to dollar so I could compute and manage my remittance.

Since then, every end of the month or during my pay day I'm regularly monitoring the Philippines Pesos exchange rate to dollar in the internet as for my references. 

For my easily access and conveniences I look in the internet a currency conversion table as my bases and references before sending money in the Philippines. And put it in my blog so that it can reduce my time on surfing in the internet.

You can also used this currency conversion table for your bases and to know the currency exchange rate of other country. I hope it can help to other my fellow pinoy OFW out there.

Philippine Peso Converter

Please note that due to market conditions, rates used by this currency converter may differ from the official Philippines Pesos Exchange rate to dollar. And also each banks in the Philippines has its own official Philippines Pesos exchange rate to dollar. Used only this currency converter as for your bases and references.

How to make your own Solar Bottle Light Bulb?

How to make your own Solar Bottle Light Bulb?

Although, it is out of my topic. I'll just show you a nice invention which can really help you to cut your electricity bill and save more money.

A solar bottle light bulb, an innovation introduced in the Philippines by Illac Diaz of MyShelter Foundation, as a cheap alternative to other light sources. It was an ingenious invention by an engineer in Brazil. 

It is called “bottle bulb” because it is made of an empty 1.5 liter soda bottle and in it is a liquid bleach and purified water that can be used as an alternative electric powered light bulb. However, it is only useful during daytime but its luminance was tested and shown to produce as much light as a 50W incandescent bulb.

How to make your own Solar Bottle Light Bulb?

The materials are the following: 1.5 liter soda bottle, 1’x1’ roof sheet material, purified water, camera film dispenser, chlorine and a rubber sealant. Here's how:

Procedure:

Step 1. Fill the 1.5 liter clear soda bottle with purified water then add 3 tablespoons of liquid bleach and tightly seal the cap. Do not use tap water because this will allow the growth of moss.

Step 2. Make a hole in the 1’x1’ roof sheet material, just the same size of the bottle’s circumference and insert the bottom part of the bottle leaving it exposed under the sunlight.

Step 3. Next, make another hole on the roof of the house (same as the bottle’s circumference) where you want to put the solar bulb and firmly fix the device.

Step 4. Seal the roof with a sealant to prevent raindrops from getting inside the house. It will produce a light when the water inside the bottle bulb refracts and scatters the light inside the house.

Watch the video below.

Another video same story using with Solar Bottle Light Bulb.

 The solar bulb is expected to last up to two years before it needs changing.

What is Ayos dito?

What is Ayos dito?

If you have an offline or online business but small or less people knows you business. In order to introduce to more people your business. Try to look for a ways on how to promote your product and services of your business by doing and making advertisement online.

Only you have to do is make an account or sign-up. There is a lot of free advertisement online out there and another one free to make advertisement is ayosdito.com.

 
What is ayos dito and Who they Are?

Ayos Dito is a brainchild of Ayos Dito Sdn Bhd (formerly known as 701 Search Sdn Bhd), a joint venture between Singapore Press Holdings Limited and Schibsted ASA. Singapore Press holdings Limited (SPH) is Southeast Asia's leading media organization with a stable of 17 newspaper titles in 4 languages; over 100 magazine titles and numerous online websites. SPH has also ventured into broadcasting, outdoor advertising and properties. Schibsted ASA through its subsidiary Schibsted Classified Media (SCM) is currently the biggest online classified advertising company in Europe. It has activities in mature markets such as Belgium, France, Spain and Sweden, as well as operations in growth markets like Asia, Eastern Europe and Latin America.

Ayos Dito is a Filipino website for Pinoys to buy and sell in the internet. Ayos Dito is a Filipino marketplace for buying and selling anything that you can think profitable in the internet and also you can post an advertisement for free here, just fill up the online form and follow their rules and regulation for posting an advertisement. Once your ads is already reviewed and approve by their team. Your ads automatically run.

Ayos Dito is the largest online marketplace in Philippines. They want to make it okay and easy profitable site for all Pinoys to buy and sell anything here at ayos dito - whether in the province or even in the city as long as there is an internet connection. Just make your ads or browse ayos dito site for what you want to buy or sell, like your house, apartment, car, mobile phone, computer etc or just about anything you have at Ayos Dito. 

They sort the items by Regions, Provinces and Cities, for the conveniences of the user so that you are near to your prospect buyer/seller. Ayos Dito is a website developed for Pinoys by Pinoys at 701 Search, Inc. They are funded through a joint venture between Singapore Press Holdings Limited and Schibsted ASA.

Sulit.com.ph - Sulit na Sulit!

Sulit.com.ph - Sulit na Sulit!

It's Worth It! It's Sulit! 

If you have an offline or online business but small or less people knows your business. In order to introduced to more people of your business. Try to look for a ways on how to promote your product and services of your business by doing and making advertisement online. Only you have to do is make an account or sign-up. There is a lot of free advertisement online out there and one of this is Sulit.com.ph.

What is sulit.com.ph?

Sulit.com.ph was founded by RJ David, a web developer. What is Sulit? It is a Filipino term which means 'worth it'. Sulit website is the Top Free Buy and Sell (Marketplace) in the Philippines. As a sulit member, you can post your advertisements for FREE. It has a simple but robust functionality combined with easy to use resources, features, navigational tools, and a lot more.

What are the benefits of using sulit website? 

With Sulit websites, you can expect no fees for memberships for using the sulit website, you can post unlimited free advertisements, you will also have the privilege to make your own personal sulit webpage where you can manage and customize every page of it, and the chance to make friends with fellow sulitizens, the sulit members. You can avail the features available to enhance your posts by using the SC (sulit currency). 

Sulit currency can be earned by posting an ads, posting a feedbacks, joining a sulit forum, reading newsletters and referring sulit to others. You can use the sulit currency in upgrading your sulit membership, featuring your ads, your webpage, your products/ items to gain a maximum exposure. Also, Sulit website introduced a new feature, the Sulit Gold! Sulit Gold is a paid virtual currency which means sulit members can buy from Sulit website. Just like sulit currency, Sulit Gold (SG) is also used to buy features and services to gain a maximum exposure on top of Sulit community being provided by Sulit.com.ph. 

People from different walks of life can benefit from this site especially for Pinoy Business owners, stay at home moms and dads, small business owners, street vendors, job seekers, students, yuppies, everyday buyers and sellers. 

Register and Post your Ads for FREE now! Buy it. Sell it. Sulit na sulit! 

"Providing honorable things, not only in the sight of the Lord, but also in the sight of men." - II Cor. 8:21

Ways on Raising Capital for Business

Ways on Raising Capital for Business

Raising capital for small business expenses is hardly step on starting a small business. One major reason why small businesses fail is because the owner has no enough necessary funds. Money is needed for equipment, property and more essentials for your small business. You may wonder how you can raise the money needed to start your small business.

There are two major sources of funding you can seek for your business: Equity VS Debt Financing. Below there are various methods of raising capital for a small business including forms of equity and debt financing. Analyze each option below and determine which method is better suited for your particular small business.

Ways of Raising Capital

Saving up your own money - When starting a small business you may not have all the money needed for start up costs; however you should have some money saved for the purpose of starting your business. Bank lenders in particular are more suspicious of entrepreneurs who don’t invest on their own business. As a result they can decline a loan because of your lack of investment.

Borrow from Friends and Family - I know raising capital for small business expenses by asking friends and family for money isn’t fun, but hopefully you can win them over with your great business idea. To avoid complications in the future make sure you have a written agreement stating terms and details of the loan. You wouldn’t want to fight with loved ones over money. Be sure to present your proposition in a professional manner. 

Show them your business plan, explain to them why they should invest in you, and answer all their questions. If someone is giving you money for your business as a gift, be sure you obtain a letter from them stating the amount of money and that it was a gift. This is precaution to avoid future complications and misunderstandings.

Getting a small business loan - When raising capital for small business expenses, many entrepreneurs go this route. However before attaining a loan you should be aware that there are many factors associated with business loans such as interest rates, late charges and collateral. Local community banks are often a great place to obtain a business loan.

Find a business partner and use their funds - Another way of raising capital for small business expenses is to develop a business partnership with someone who can invest in your business. Make sure to present them with a persuasive explanation for why they should join forces with you.

Incorporating your small business - Many entrepreneurs decide to incorporate their businesses for the purpose of raising capital for small business expenses. When you incorporate your small business, you will be able to sell shares of stocks. 

However when you sell shares of stocks you will also be selling a percentage of the ownership over the business. So if you sell 50% of your corporation’s shares of stocks you are selling 50% of the business ownership.

Finding a venture capitalist - Venture Capitalists are professionals who invest in businesses that show a high growth potential. Not only do venture capitalists provide funding for their clients by investing in their business but they also provide valuable business advice and strategies. If a venture capitalist decides to invest in your business it demonstrates to others that they viewed your chances of success to be favorable. 

However once a venture capitalist decides to invest in your business they often have a say on how it should be run. Since venture capitalists invest in businesses that demonstrate very high and fast growth rates, many small businesses do not meet the criteria.

Small Business Investment Companies - Small Business investment companies are venture capitalists targeted for small businesses. They are partnered with the government and provide small businesses with funding in exchange for a percentage of ownership in the business.

Angel investors - Finding an angel investor is another way of raising capital for small business expenses. Angel investors are simply private investors who invest money in your business with the belief and hope that in a couple of years they will see a higher return on their investment. After a 5 year period an angel investor may expect a return of at least double their initial investment. 

Of course starting a small business is risky business so the angel investor may not see any return if your small business fails. 

Naturally an angel investor will want guaranteed exit provisions in the case that your small business fails. You can find an angel investor by networking with other business owners and small business professionals. You can also subscribe to angel network firms that can match you with an angel investor.

Credit Cards – Many small businesses have turned to credit cards in order to pay their small business expenses. Credit Cards may seem like a quick fix but make sure the terms and interest rates are reasonable.

Before raising capital for small business expenses it is important that you first determine how much capital you need for your small business. Create a business budget. Take in consideration that entrepreneurs often underestimate how much money is needed to run a small business and fail to expect the unexpected. 

For example what if your equipment gets damaged and you need replacements? do you have a backup plan? That is why it is a good idea to always have extra money put aside just in case.

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Simple Guide to do before going to Philippines stocks market investment

How to recognize a scam?

How to recognize a scam?

How to recognize a scam?

People struggling with the day-to-day frustrations of their jobs want to believe in all the get-rich-quick hype that can be found all over the internet. Unfortunately, many people are so desperate to escape their jobs or earn some extra money that they quickly put their hard-earned money into some unscrupulous opportunities - and never see any returns from their investment.

There are legitimate money-making opportunities out there. Unfortunately, for every legitimate opportunity there are probably dozens of scams. Here are few pointers that should consider first before go on;

They tell you that you can be rich very quickly - This is should put you on alert! It its sounds too good to be true, it usually is.

You're told that you don't need to do any work - they do it all for you - You cannot be successful without putting in a lot of hard work.

The website is unprofessional and full of typos and grammatical errors - Shouldn't a legitimate company be able to afford to hire a good web designer and copywriter? On the flip side, just because a site looks professional doesn't mean it's legit.

You're told that anyone can make money - again, not true. A lot of opportunities use a great deal of hype to sign up and get a commission off you. But every job requires a different set of skills, and being told that anyone can get rich off their program is misleading.

You can't figure out how you make money - vague information should raise a few alarms in your head.  And if you have a nagging suspicion that you're getting paid to recruit people, beware. You might be getting yourself in a pyramid scheme - an illegal opportunity where the focus is on recruitment rather than on selling products.

You have to send money in order to find out what the opportunity is all about - hey, they want you to work for them, right? If you were looking for a traditional job, would you pay the company to tell you what type of work you'd be doing?

Telephone calls or email inquiries to them remain unanswered - if they don't want to talk to you there's probably a reason.

The company uses high-pressure sales tactics to get you to sign up right away - If the opportunity is legitimate, it will still be around tomorrow, next week, next month or next year. It won't disappear overnight.

Most people have had bad experiences with them - Join message boards on the internet or find others who have had some experience with an opportunity. Don't just believe from a testimonials provide by the company. Seek and look out your own. And if majority of people have had bad experiences with a company, one good experiences doesn't make it okay. Try to take a step back and look at the opportunity objectively.




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Francisco Colaysco's 10 Commandments on Personal Finance (Part 4)

How to earn money online?

How to earn money online?

Making money online is like, Build it, promote it consistently, distinguish yourself in some way. There are millions of websites out there. It's simply not possible to slap together a website, dump it online, and wait for the money to come in.

Making money online can be done and all sorts of people are doing it; retirees, students, stay at home parents, workers, technical professionals, disabled people - but all of these people have worked hard to achieve what they have. Before getting started on making money online, here are a few things to think about..

Do you have a little money to invest? - Anyone can make money online without spending any, however it's much harder and it will take much more time. Although you don't need a lot, you should be prepared to spend some.

Are you willing to make a time commitment? - Building a business online is same like building a business offline. It takes and dedication. Spend more time to your business. The more time you can spend, the faster you'll become profitable.

Are you comfortable with your computer? - Most online business information focuses on marketing, and rightly so; marketing skills are vital to your success.

Using internet we can make a passive income that can help to us for additional income. Here are some way.

1. Online selling - do you already heard eBay.com, amazon.com etc.? These are the most common example of website online by buyers and sellers. You can make earn money by just posting what stuff you like to sell on the site and wait for interested buyer.

2. Paid to click programs - earn a few cents just by clicking ad links and view the ads for 15 -30 seconds

3. HYIP and Auto-surf investing - If you are the gambler type, “investing” in autosurf or high yield investment programs (HYIP) might be for you. For a short period of time, you can earn double, triple, or even 10,000 times your principal without doing anything or, at the most, “auto-surfing” other people’s websites. Beware, though, because 99% of these online “investment” programs are scams.

4. Affiliate Marketing - Selling someone product and earn commissions for every sales. As you notice on this site, some ads promoting an affiliate program.

5. Paid Outsourced Service - Online earners offer programming, content writing, web design and search engine optimization (SEO) services for fee.

6. Paid to Blog - Blogger can use their idea to publish short reviews of a product, website and services for fee.

7. Selling Ad space - website owners offer customized packages and lease advertising space directly to advertisers from their website.

8. Google Adsense - Once you have a decent number of posts in you website, join any of the popular advertising networks such as Google Adsense, AdBrite and Infolinks. They will give you snippets of codes that you have to add to your sites in order to show ads. When visitors click on the ads, you get paid.

9. Cost Per Action Surveys - Did you ever notice a survey popped up that is required for you to answer before you can access the content of a site? That’s what you call CPA or Cost Per Action. 

Companies hired the services of CPA companies in order to either sell their products or seek the opinion of consumers to improve their products. When you answer anyone of these surveys, then the owner of the site earns money online.

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Before buying a franchise

Before buying a franchise

Franchising business such as Jollibee, McDonald’s and other Food cart franchise are booming. The people setting up franchise ideas and businesses know a good thing, and are really promoting this idea. Franchises for just about every conceivable kind of business are being sold in ever increasing numbers.

Some franchises are very good. They treat both the franchisor and the franchisee very well. Others are very one-sided. Still others are almost total rip-offs that trap one into paying ten to fifty times the actual value of the business idea, equipment, or whatever it is they are trying to get you to buy. 

Before putting any money into a franchise, you should investigate everything completely. We’ve prepared a list of questions you should be asking, and should get satisfactory answers to before investing.

1. Has your attorney studied the franchise contract, discussed it completely with
you, and do you both approve it without reservations?

2. Does the franchise require you to take any steps which are either illegal or even border on illegal, or are otherwise questionable or unwise in your state, county or city?

3. Does the franchise give you an exclusive territory for the length of the franchise period, or can the franchisor sell a second or third franchise in your territory?

4. Is this franchisor connected in any way with any other franchise company handling similar products or services?

5. If you answered yes to the above question, what is your protection against the second franchising company?

6. Under what circumstances can you end the franchise contract, and at what costs to you?

7. If you sell your franchise, will you be compensated for your goodwill or will it be lost to you?

8. How many years has the firm offering you the franchise been in operation?

9. Does the company offering you this franchise have a reputation for honesty and fair dealing among its franchisees?

10. Has the franchiser shown you any certified figures indicating exact net prof its of one or more of its members, and have you personally checked the figures with these people?

11. Will the franchiser assist you with: a) A management training program; b) An employee training program; c) A public relations and advertising program; d) Capital; e) Credit; f) Merchandising ideas?

12. If needed, will the franchisor assist you in finding a suitable location?

13. Is the franchising firm adequately financed so that it can carry out its stated plans?

14. Does the franchisor have experienced management, trained in-depth?

15. Exactly what can the franchisor do for you that you cannot do for yourself?

16. Has the franchisor investigated you carefully enough to assure itself that you can successfully operate at a profit to both of you?

17. Does your state have a law regulating the sale of franchises, and has the franchisor complied with that law to your satisfaction?

18. How much equity capital will you need to purchase the franchise and operate it until your income equals your expenses?

If you can get the answers to each of these questions, and those answers satisfy you, then you’re probably thinking about buying a pretty good franchise deal. However, if you’re in doubt about any of these points, be sure to check it out and know the answers for certain before you invest or sign anything.

Buying a franchise can give you a measure of security, and in some cases, sure-fire profits. Business surveys show that fewer than 20 percent of all new franchised businesses fail. This is in comparison to a 60 to 80 percent failure rate for all new businesses started in this country each year.

Information regarding specific franchising ideas can be found in the franchising directories, which are generally available at the local library. Often there will be a notice posted in franchise outlets themselves.

If you can afford the entry into this business, statistics are on your side. You are now armed with some CAUTION and STOP and GO signs!

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