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Being entrepreneurial means being able to identify, start, and maintain a viable and profitable business, particularly a small enterprise. People spend most of their lives working for someone else. Some people eventually rise to positions of wealth and power, while the rest languish in unchallenging and low-paying jobs. On the other hand, there are a select few who strike it out on their own; rather than work for others, they put up their own enterprise. You may ask: “Why should I risk my resources in an unpredictable business when I could hold a stable job with a permanent tenure and an assurance of a regular monthly income, without any risk?” In other words, why be an entrepreneur rather than an employee? Entrepreneurship has its own rewards, as well as its risks. Having your own business has tremendous rewards, but be sure to weigh prospective returns against the potential risks and losses. Rewards of Entrepreneurship · Have Unlimited Opportunity to Make Money – When you have your own business, you will most certainly have unlimited potential to earn money. How much money you earn depends on the time and effort you put into your enterprise. Successful entrepreneurs have earned their wealth and prestige through hard work and by having the right product for the right market at the right time. · Be Your Own Boss – As sole proprietor of your business, you make the decisions for your enterprise and take full responsibility for them. The quality of these decisions will translate into either gain or loss for your business. Being your own boss means you are in control of your future. You have a better grasp of what you want to be. · Tap Your Creativity – A business usually starts out as an idea. You will have the opportunity to harness this creativity and turn your idea into products and processes. · Overcome Challenges and Feel Fulfilled – Starting a business is by itself an accomplishment. Running a business tests an entrepreneur’s capability in securing and managing resources. How well a business turns out depends on the owner’s ability to face challenges and overcome them. Risks of Entrepreneurship · Risk of Failure – Small businesses are prone to risks and the possibility of failure – a single wrong business decision can bring a business to bankruptcy.
· Unpredictable Business Conditions – A small business is vulnerable to sudden changes in the business environment. In a fast-paced industry, a small firm may not possess the financial capability nor the organizational capacity to respond adequately to new opportunities and their concomitant problems. · Long Hours of Work – A prospective entrepreneur must be ready to spend most if not all his waking hours immersed in the business. Also, family time and personal affairs may be jeopardized. · Unwanted or Unexpected Responsibilities – The entrepreneur may eventually find himself saddled with management responsibilities he did not bargain for. Process Flow: Starting A Small Enterprise Self-Analysis: Are You Entrepreneurial? ↓ Considering Other Factors ↓ Determining Your Product/ Service Line and Type of Business ↓ Writing a Business Plan ↓ Determining Your Financial Requirements ↓ Seeking Sources of Capital ↓ Choosing the Site/Location of Your Business ↓ Registering Your Business ↓
and at lower cost Planning Cluster 6. Commitment · Accepts full responsibility for problems encountered · Helps own employees to get the job done · Seeks to satisfy the customer 4. Take a look at what they are and try to identify your entrepreneurial strengths and weaknesses. Opportunity-seeking · Perceives and acts on new business opportunities · Seizes unusual opportunities to obtain financing. Persistence · Takes repeated or different actions to overcome obstacles · Makes sacrifices or expends extraordinary effort to complete a task · Sticks to own judgment in the face of opposition or disappointments 3. These are grouped into what are called the Achievement Cluster. 8Information-Seeking · Personally seeks information on clients. space. land. Achievement Cluster 1.Hiring/Training Personnel ↓ Getting Your Business Started Analysis Are You Entrepreneurial? A successful entrepreneur possesses key characteristics that help his business grow and thrive. Values Efficiency and Quality · Always strives to raise standards and aims for excellence · Strives to do things better. the Planning Cluster. and competitors . work. faster. suppliers. or assistance 2. Goal-Setting · Sets clear and specific short-term objectives · Sets clear and long-term goals 7. and the Power Cluster. Risk-Taking · Takes moderate risks · Prefers situations involving moderate risks 5. equipment. Extensive research by the Small Enterprise Research and Development Foundation reveals 10 Personal Entrepreneurial Characteristics (PECs) that lead to success.
wooden or plastic toys. Canned goods. services. step-by-step plans to reach goals · Looks into alternatives · Monitors progress and switches to alternative strategies when necessary to achieve goals 9. Self-Confidence · Believes in self · Expresses confidence in own ability to complete a difficult task or to meet a challenge Additional Factors to Consider You were able to pinpoint the entrepreneurial characteristics you possess as well as those areas you need to improve on to be able to run your business smoothly.· Seeks experts to render business or technical advice · Uses contacts or information networks to obtain information 8. but you also have other factors to consider: 1. business growth. and the like Decision-Making / Planning Determining Your Product/Service Line You can now focus on what specific type of product or service you want to sell. Rate of Growth of Business – consider market trends. Other Considerations – also consider the return in terms of income. Some of the factors given for consideration will help you come up with a great idea for a product – what specific field are you interested in? Can you apply your skills or background work experience to this field? Provided below are the different types of product/service lines: Product Industries – You may choose to manufacture your own product. and ready-to-wear garments are examples of goods produced for the mass market. Systematic Planning and Monitoring · Develops logical. Government Support/Assistance Programs – find out the possible assistance and support you can get from the government such as incentives. and market share 6. Knowledge/Talents – your skills and knowledge should be attuned to your chosen line of business 3. Personal Interest – you must be genuinely interested in getting into business 2. while . Persuasion and Networking · Uses deliberate strategies to influence or persuade others · Uses business and personal contacts to accomplish objectives 10. Tapping your entrepreneurial skills are well and good. either for the mass market or for specialized or individual demands. employment generation. Training/Work Experience – you must have at least background training or work experience to help you run a business 4. financing 5.
packing. and food catering establishments. The most common type of trading enterprise is retailing. and entertainment enterprises (theaters. assembly. dress and tailoring shops.Advantages: Maximum flexibility for growth. recreation establishments (bowling alleys and billiard halls). printing and machine shops. Individual stockholders may have limited influence on management. Disadvantages: Any personal rifts between partners may dissolve partnership. Bigger industries sometimes subcontract the manufacture of components. woodcarving).precision instruments for industrial use of made-to-order furniture are examples of specialized products. Equal profit sharing despite unequal attention and time given by partners to business. 3. Corporation (at least five parties). 2. Also.Advantages: Relatively easy to set up. a “manufacturer” but rather a “process” enterprise. Subcontracting Industries – If you choose to be a subcontractor. Beauty parlors. Many big companies also find subcontracting a more low-cost and faster way of manufacturing products. Growth limited by owner’s financial means. Disadvantages: Demanding on owner’s personal time. Single Proprietorship (one party) – Advantages: Easy to set up. strictly speaking. testing. or with more people? Weigh the odds: Forms of Business 1. you may consider the trading business a fifth option. you will undertake subcontracting work for other industries. final operations (fishing. you are assured of a market for your products. with a partner. or skilled or precision operations (embroidery. Is least likely to dissolve. is that you rely on only one firm or two for your survival. Although falling under the broad classification of a service enterprise. You can also avail of technical and financial assistance from the big companies. Partnership (at least two parties). If so. One drawback of subcontracting. or cutting). or other specialized operations to smaller shops because the quality required is not viable for their high-capacity operations. Process Industries – You may decide to perform only one or two operations in the total manufacturing process. sawing. Service enterprises include repair and maintenance shops. Disadvantages: Complicated setting-up process. you are not. or binding). Tendency to institutionalize a bureaucracy. Types of Business According to Ownership Would you want to run the business on your own. usually bigger ones. Service Industries – You could choose to sell services. supplies. Greater room for professionalism in management. Decision-making left entirely to owner. discos. Check and balance maintained with two parties around. Limited liability of individual shareholders. The activities you perform can be initial operations on raw materials (milling. though. . and pub houses) are also considered service businesses. corrugating.
This section comes first in a business plan. Be as specific as possible. However. You should be able to state your product’s advantages and disadvantages. gender. 4. what your business goals are. You should write your business plan according to the unique factors and conditions of your enterprise. If you are submitting your plan to a bank. for example. To achieve profitability by January 2001 3. Describe Your Products or Services. you may indicate how much you want to borrow and what you plan to do with the funds. Also give any applications or uses of your products that may not be apparent. There is no such thing as an all-purpose business plan.Determine who are your present or projected customers and how many. you should also note the competitive advantages your product has over other similar products. you will find it useful to write and use a business plan along the broad guidelines suggested below: 1. income. If. how the idea for your business was conceived. date and place of registration. a brief history of your business. This section gives background information on your business and how it is currently doing: For a new business. as well as identify the products you will be competing with. explain what the business will be. or major investors 3. and other demographic factors. To start manufacturing and retailing by January 2000 2. Identify Your Potential Market. and how the business is expected to develop. Provide the following information: business name. you can proceed to formulate a business plan. Instead of a brief history. In this portion of your plan. and when you expect these goals to be accomplished. education. State Your Objectives. For an existing business. To seek adequate financing for the first 18 months of operation 2. what does this tell you about your location? Your advertising? Your prices? . Give a detailed description of your products or services so the reader gets a clear idea of what you are selling. Describe the Business. Example of Stating Your Objectives: “Pretty in Pink” is an enterprise involved in the manufacturing and retailing of ready-to-wear ladies’ dresses. you may need to group potential customers according to age. You tell your reader who you are. Its goals are: 1. Are you selling to bookstores? A grocery store? A small ladies’ boutique? If you are selling to the general public. You then ask yourself how you can make use of the information. when actual operations began.Writing a Business Plan After you have made the preliminary decisions. you know that your potential customers will likely be children between three to ten. and names of owners. partners.
.What channels of distribution will you use to reach your customers? . quality of products and services. For each of them. and inventory levels. Learn as much as you can about them. methods of selling and distribution channels. Determine Your Key Personnel – Identify the key people in your business. Your business plan must answer the following questions: .List down what materials you will need and where you will get them. 6. Set salary rates. Determine Your Marketing Methods – Having a good product at a reasonable price is not enough. as well as the equipment and materials used. Name them. . Assign positions for the jobs that need to be done and estimate how many people you need to employ for each position. who your main supplier is.What do your customers think of your product? How can you improve your image as an enterprise? 8.How will you promote or advertise your business? . 7. and why. and packaging. advertising and promotion. . location. Determine the Process and Equipment You Will Use to Manufacture Your Product – Give a detailed explanation of your production process. If your business is a partnership.Operating Methods – Determine the operating methods of each of your major competitors in terms of pricing strategy. list the names and addresses of all the partners.Size of Competitors – Determine your competitors’ assets and sales volume. Identify Your Material Requirements and Sources of Supply . including you as the owner and manager. Consider Your Pricing Policy – In pricing your goods and services. list the names and addresses of all directors. office supplies and other indirect materials should not be included in the list. If you are presenting a complex process. Of course. reputation. state how many suppliers there are. your competition should drive you to do your best.Profitability of Competitors – Which of your competitors are making money? Which are losing. If your business is a corporation. like cost of production and distribution as well as the degree of acceptance by the market. the aim of your pricing policy should be to set the price at a level that maximizes profit in the long run. explain the work done. 9. For each step. include a diagram showing your work-flow. servicing. credit terms. warranties. too. Identify Your Competitors – Rather than pose as threats to you. 10. Another factor to consider is the pricing structure of your competitors. Include only direct materials.How will you sell your product? Will you employ salespeople? .5. Your readers will see that you have carefully thought out who your best supplier will be. You should prepare a table for the materials. Discuss only the items relevant to your business. and by how much? . Include the following information in your plan: . all relevant factors should be considered.Description of competitors – Identify businesses likely to become your competitors.
telephone. Sales costs should include selling and distribution. 13. service. Be sure that no significant item has been overlooked. or lease deposits of them. hire and train people. and Pre-operating Capital. manufacturing overhead. acquire licenses for franchises. It is time to raise funds. A service business should budget operational costs. · Fixed Capital includes cost of land and building. or pay a lawyer or a consultant. It is advisable to prepare a forecast that outlines all these capital requirements. machinery and equipment. and water bills. furnishings. as well as legal and accounting costs. Your capital should be enough to cover unexpected expenses. For the first year. furniture. and promotion. Prepare a Budget – In manufacturing. production costs of materials. advertising. on the other hand. and fixtures. Generally speaking. and start operating. pay your workers. storage. Be realistic and do not underestimate your requirements. In other words. you must be prepared to work long hours and must be totally committed to your business. 12. and other components should be budgeted. and explain how you arrived at the figures and at the assumptions on which they are based. labor. purchase facilities and supplies. present your sales on a monthly basis. Projections should be prepared every month during the first year of operation and every quarter for the second and third years. Prepare a Sales Forecast – Include a sales forecast that covers at least two years of operation. A garment factory. · Working Capital is the reserve money you need to run the business until it becomes selfsupporting. · Pre-Operating Capital includes money that you spend to register your business. will require more elaborate arrangements for fund sourcing. electricity. Remember that if you are to succeed. Present the forecast of the succeeding years on a yearly basis. the financial requirements of a business may be classified into Fixed Capital. You can begin a sari-sari store from your own personal savings.11. meaning they are generally good for the duration of your business. Provide for contingencies and a margin of safety in estimating your capital requirements to avoid cost overruns later. pay for transportation. Set Your Plan to Work – You are ready to set your plan to work. Financing Determining Your Financial Requirements You must now determine your financial needs and raise funds to meet these needs. General and administrative expenses include salaries. discounts. These are usually one-time expenses. Working Capital. cost of improving the land or remodeling the building. obtain a license. You need working capital to purchase your raw materials. this is money you spend before your business begins to operate. This may take about one to six months or even longer. Observe the .
Personal life insurance policies or other properties of value may be used in times of urgency. If you are looking for capital. In addition. There are also unlicensed money lenders but beware of those who charge usurious rates of interest. Nevertheless. The small businessman may exhaust his own personal resources to get more equity funds for the business. These are: · Short-term loans. · Individual money lenders.equipment and manpower requirements of other business establishments. this is called the project feasibility study. If in doubt. Seeking Sources of Capital The small businessman usually meets his initial requirements by dipping into his own savings or investing his other assets. Some short-term loans (“clean loans”) are issued on an unsecured basis. ask a knowledgeable friend. simple estimates or financial requirements. However. since the bank relies on your credit reputation. Loans from relatives and friends sometimes supplement his initial capital. an accountant or consultant to see if your estimates are realistic or not. or other members of the community may also be persuaded to invest in the business. · Creditors’ Equity. plus the portion of the profits you plow back into the business. you may first consider looking into your own resources and the loan offerings of possible creditors: · Equity Capital is the amount of personal resources you – and possibly your partner put in. It also includes resources invested by other people into your company. some government institutions provide credit to small start-up enterprises at subsidized interest rates and liberal terms. you can avail of the loan packages of financial institutions. They are used to buy things that will generate funds for repayment of the loan. Banks usually require this for long-term loans. Some of these loans are extended interest-free. it does not have to be paid back. usually lasting less than a year and normally self-liquidating. more complex undertakings require a more in-depth study. External sources of funds are available if you know where to look. larger. which means they are made without collateral. relatives. As such. Friends or relatives extend loans in the spirit of pakikisama or camaraderie. as your company grows. Equity is a permanent part of your capital structure. income and profit would be sufficient. If you require financing from outside sources. For simple business activities like small-scale trading or home-based industries. Friends. you will need to put in more equity or permanent capital. . venture capital corporations. These loans are short-term financial obligations. and savings and loan associations make lending money their business. Organizations such as banks. like the so-called “five-six operators”.
it makes sense to limit borrowing. A review of your feasibility study and a credit investigation are customarily conducted. · Special Lending Programs. and friends and relatives. An entrepreneur must also know when to require financial expansion. NGOs are fast becoming popular sources of credit. Most banks and other financial institutions lend money only if the resulting debt-equity is 60:40 when the new (borrowed) money is infused into the business. The organization closely monitors and evaluates each business project. A store owner is already half-successful if he sets up shop in a good place. · The ideal debt-equity ratio of one’s capital structure must be 40:60. These sources are the owner’s equity and long-term loans or long-term liabilities. school opening. Rules for Sound Financing · A small businessman should know exactly what type of capital he needs and how he can obtain it at the best possible terms.) should come from short-term sources. A 40:60 ratio is considered ideal because it will allow the firm to acquire more credit in the future when it is ready to expand. your sales potential depends on your location. Their interest rates are usually lower than what banks offer. Lending packages are available depending on the specific target beneficiaries of the individual programs. This means that the debt or borrowed portion of the total capital should be contributed by the owners’ equity. etc. Beneficiaries of these PVOs are commonly micro and small entrepreneurs. such as: trade credit (30 – 90 days). Like a tree. · Short-term requirements. pawnshops (three months). . Public and private agencies are confident of the strength of small entrepreneurs. short-term bank loans (from two to three months). If he borrows the capital. In the retail business. and have thus created programs that would uplift their status. Therefore. one may be saddled with a heavy repayment burden. · Fixed assets and working capital requirements during normal operations must be financed from long-term sources (one year or longer).· Non Government Organizations (NGOs). Otherwise. he must know exactly how to repay it. rainy season. Setting Up Choosing the Site/Location of Your Business Finding a site for your business is crucial. a store draws its nourishment from the area around it. like additional working capital needed during peak seasons (Christmas. Through enterprise development projects implemented by private and government finance institutions. these NGOs act as intermediary agents in various lending programs. Most programs offer character loans and require minimum equity participation with little or no collateral.
Study the competition – How many stores look prosperous in the area? How many look as though they are barely getting by? How many similar stores went out of business in this area last year? How many new stores opened last year? What price line does competition carry? Pinpoint which stores will be your greatest competitors. Ask yourself the following questions: How close is the store to jeepney and bus. while a corporation requires more elaborate procedures. A single proprietorship is the easiest to register. By registering your business name with the DTI. you are assured that no other entity may legally use your business name anywhere in the Philippines. Study the location’s accessibility – See if the location is accessible to your customers. drinking places and similar establishments. hospitals. Business name registration with the DTI is optional for partnerships and corporations. and other transport facilities? Are there adequate parking spaces near the store? Are the sidewalks in good repair? Is the street lighting good? Registering Your Business A new small enterprise has to be registered in various government agencies. c. No. 890-4854 . Gil Puyat Ave. poor sidewalks. Makati City or at designated Satellite Registration Centers in selected cities in Metro Manila Tel. dust. Among these are: smoke.. DTI Main Building 361 Sen. you may find it profitable to locate your store adjacent to that of your competitors’ because the combined appeal of two or more similar stores creates greater customer traffic. affluent homes? b. Is the neighborhood starting to be run down? Is the population moving away? Or is it new and on the way up? Determine the purchasing power of the population. If you intend to put up a variety store. to you. run-down buildings. disagreeable odors and noises. The complexity of registration varies according to the legal form of the business. employees and of course. Some guidelines to help you find a good location: a. Know the population of the trading area. proximity to garages. Do they own cars? Big. Registering with the Department of Trade and Industry (DTI) The DTI-NCR administers the registration of business names. If you are a single proprietor and your business is using a name other than your own name. and old.You must also be able to recognize factors in some sites that are detrimental to your business. that business name should be registered. Register your Business Name at: Department of Trade and Industry – NCR Ground floor.
Single proprietorships need not register. If the applicant has acquired Filipino citizenship by naturalization.Corporation/Partnership/Cooperative – P500 · A penalty of P100 is imposed if the BNRS certificate is not renewed before within the 3-month grace period from the certificate’s expiration date 5. Proceed to the designated window for evaluation 4. Business Name Certificate is released within 10-15 minutes upon approval Registering with the Securities and Exchange Commission (SEC) The SEC is the government agency that gives the business enterprise its legal personality. Get priority number 6. preferred name slip. he must submit proof of his Filipino citizenship such as I) naturalization certificate and oath of allegiance. Proceed to the waiting area and wait for your number to be called by the examiners at Windows 1-10 7. Meet the following requirements (For Single Proprietorship): · Must be a Filipino citizen. voter’s ID. passport. at least 18 years old. election. and index card from the Information Desk and fill these up completely. . · Must provide two recent passport-size pictures Certain types of business may have other requirements: · Service and repair shops · Real estate brokers · Dental/medical clinic/hospitals · Pawnshops · Manpower services · Engineering services · Architectural services · Other related services provided by professionals 3. Only the owner of the business is authorized to sign all the forms. Pay required fees at the cashier · Registration and Processing Fee .Steps: 1. 2.Single – P300 . PRC ID. Obtain application forms (duplicate copy). or by other means provided by law. Filipinos with names suggestive of alien nationality must submit proof of citizenship such as birth certificate. Only partnerships and corporations need to be registered with the SEC. or II) card issued by the Bureau of Immigration and Deportation and affidavit of election or ID card issued by the Bureau of Immigration and Deportation.
No. 2. Proceed to Cashier for payment of filing fee 3. The certificate of registration is forwarded to the Releasing Unit of the Records Division (ground floor). where it may be claimed by the applicant upon presentation of receipt as proof of payment of the filing fee Notes: 1.If the document was signed abroad. the word “Limited” is added to the name. Director of the CRMD signs the Certificate of Partnership 7. For businesses involving pre-need plans and commodity futures. i. Greenhills.. it must be authenticated by the Philippine Consular Office in the country it was executed Registration Procedures: 1. Undertaking to Change Name 4. Applications of domestic corporations (stock) where subscribed capital stock are paid in cash are forwarded by the Records Division directly to the Company Registration and Pre-Need Department (CRPD). Name Verification Slip 2. Secure name verification slip from the Records Division 2. Articles of Partnership 3. 726-0931 Basic Requirements of a Partnership 1. clearance of the proposed corporate name from the Pre-need Department and Market Regulation department is required . For foreign partnerships: ..Proof of Inward Remittance of non-resident alien partner or affidavit manifesting intention not to register investment with the Bangko Sentral ng Pilipinas . EDSA. after issuance of the certificate of incorporation 3. 2. Verified name is deemed unofficial unless approved by the Commission. Mandaluyong City Tel. Articles of limited partnership should always be under oath only (JURAT) and not acknowledged by the partners before a notary public 6. Submit documents to the Receiving Unit of the Records Section 4. License of custom brokers for custom brokerage. Registration Data Sheet 5. If it is a Limited Partnership. Partnerships need clearance from concerned government agencies Additional Requirements for a Partnership 1.e. The documents are then forwarded to the Company Registration and Monitoring Department (CRMD) and assigned to processors 5.Register your business at: Securities and Exchange Commission SEC Bldg. Typing pool prepares Certificate of Registration and returns to a processor (or a lawyer) and Assistant Director for initials 6.Foreign Investment Agent Application Form .
1184 Quezon Ave. industry or any undertaking must be registered with the SSS.com. charitable and other non-profit organizations. The original copy of the Articles of Incorporation must be presented to the SSS for authentication. Social.before verification of the name with the Records Division at the SEC Annex Bldg. Quezon City Tel. No. Nos. Partnerships Any of the partners of a partnership firm should accomplish SSS Forms R-1 and R-1A and submit these forms together with a photocopy of the Articles of Partnership.. Application under the Foreign Investment Act of 1991 or those with more than 40% foreign equity are processed first by CRMD before payment of filing fee. are considered “employers. which hire the services of employees. The original copy of the Articles of Partnership must be presented for authentication. 4. Registering with the Social Security System (SSS) An employer. Diliman. 920-6401.. 920-6446 Email: sssemail@info. or any person who uses the services of another person in business. professional. Register at: Cooperative Development Authority 6F Benlor Bldg. Registering with the Cooperative Development Authority (CDA) All cooperatives are required to register with the CDA as per Republic Act 6938/6939. East Avenue.ph Single Proprietorships An owner of a single proprietorship business may accomplish and submit SSS Forms R-1 (Employer’s Data Record) and R-1A (Initial or Subsequent List of Employees). trade. Submit these forms together with the photocopy of the Articles of Incorporation. 373-6896 . The application for registration of non-stock corporations is processed solely by the CRPD. civic. Quezon City Tel.” Register at: Social Security System (SSS) SSS Bldg.. Corporations A corporation must accomplish SSS Forms R-1 and R-1A signed by its president or any of the corporate officers or incorporators.
the agency which monitors compliance with labor laws. Registering with the Department of Labor and Employment (DOLE) Business establishments with five or more employees are encouraged to register with DOLE. invoices. Registering with the Local Government All businesses. Various cities and municipalities have different registration procedures.Mayor’s permit . Secure an application form from the Public Assistance Office 2.Articles of Partnership or Corporation . but the following steps prescribed in Quezon City would be typical: 1. Corporations are required to attach a photostat copy of the SEC Certificate of Registration. Submit four copies of the Articles of Cooperation 2. Cash. Go to the Business Permit and Licensing Office of Quezon City Hall. Registration is mandatory for firms which employ 50 or more workers. Submit Bond Accountable Officers (Fidelity. To register.Steps: 1. whatever the legal form.Certificate of Business Name Registration from the DTI . receipts. Secure authority to print books of account. together with supporting papers. Register the business/trade name at the BIR office nearest you. Secure a permanent record file number of Tax Identification Number (TIN) from the BIR National Office in Diliman. secure and fill up a registration form. as follows: . 4. Submit three copies of the form together with a simple sketch of your business location .Residence Certificate 3. Attach four draft copies of the material to be printed as well as a copy of the job order. Quezon City 2. and other accounting records by filling up four copies of an application form. or Surety) 5. are required to secure a mayor’s permit or municipal license from the municipality or city where they are located. Submit four copies of the By-Laws 3. etc. Secure and file an application form. Register book of accounts. Submit four copies of the Economic Survey (feasibility study) 4. Minimum members of at least 15 Registering with the Bureau of Internal Revenue (BIR) Every business enterprise has to register with the BIR for taxation purposes. Below are the steps to follow: 1. receipts. Capitalization not lower than P2. The Bureau of Local Employment administers the registration of establishments. invoices.000 (depending on the activities registered) 6.
E. Rodriguez Sr. 1424 Quezon Avenue. Quezon City Tel.. 807-0751 Email: Bfad@doh. corn. Fiber Industry Development Authority Asiatrust Bank. Matimyas Building. and flour dealers. 807-0721/ Fax No. cosmetics.ph For rice. Annex Bldg.gov. No. 712-1719 / 712-1705 For processors and traders of fibers and fiber products. Quezon Avenue.. Gil Puyat Ave.gov. Muntinlupa Tel. Registering with Other Agencies Depending on the type of products they manufacture or handle and on their market orientation.· Support application with a Certificate of Business Name Registration from the DTI-NCR if you are using a firm name · A partnership or corporation must submit the corresponding Articles of Partnership or Incorporation duly registered with the SEC together with a photostat copy of the Certificate of Registration with the SEC and the current class “C” certificate in the case of corporations 3. 890-4810/ Fax No. certain firms are required by law to register with other government agencies: For manufacturers of drugs. Quezon City Tel.ph For all manufacturers of garments and textile for exports. Alabang. Present Mayor’s Permit for issuance of municipal licenses Business establishments are required to exhibit the mayor’s permit conspicuously in the business establishment. New Solid Bldg. 890-4653 Email: Gteb@dti. Garments and Textile Export Board (GTEB) 4/F. 373-7489 / 373-9241 For those engaged in the export of fish and fish products and other aquatic products. Quezon City Tel. 357 Sen. Makati City Tel No. National Food Authority – Regulatory Division 10th flr. Proceed to the City Treasurer’s Office for any payments to be made.. 372-5057 / 373-7452 .. and food products Bureau of Food and Drugs (BFAD) Philinvest Corporate Center. Bureau of Fisheries and Aquatic Resources (BFAR) Arcadia Building.
No. 525-7857 / 524-0768 For exporters of forest products (e. furniture and fixtures. Malate. gifts and housewares.gov.V. Visayas Avenue. Diliman. plywood etc. National Subcontractors Exchange (SUBCONEX) DTI – NCR 12/F. logs. dela Costa St. 374-3987/ 374-2505 For commodity clearance for producers. Makati City Tel. Gil Puyat Ave.. 105 H. Makati City Tel. Makati City Tel.dti.) Bureau of Forest Development FMB Building.ph For businesses interested in tie-ups with export-oriented firms as sub-contractors/suppliers provided they fall under any of the following sectors: garments and handwoven fabrics. Trafalgar Plaza. 811-8231 to 33 Email: ncr@dti.Bureau of Product Standards (BPS) 3/F. Gil Puyat Ave. Reyes St.ph For firms that want to register their patents and trademarks. Burley tobacco. Trade and Industry Bldg. Sct. 890-4965/ 890-4924 Fax No. No. manufacturers or exporters – their products will be tested to ensure that they meet established standards.dti.g. Intellectual Property Office (IPO) IPO Bldg. and Turkish/Oriental tobacco products.com . footwear and leather goods. 890-4862..gov.. 351 Sen. 361 Sen. Quezon City Tel. 890-4942 Email: ipo@edsamail. Salcedo Village./Fax No. lumber products. DTI. National Tobacco Administration NTA Bldg. Quezon City Tel..For exporters of animals and animal by-products Bureau of Animal Industry (BAI) Visayas Avenue. 927-4788 / 925-2138 For those engaged in the production or export of flue-cured Virginia-type tobacco.. No. fresh and processed foods and jewelry.. Quezon City Tel. cor. 890-5131 Email: bps@dti. Manila Tel. 927-0971 / 926-8814 For exporters of plant and plant products Bureau of Plant Industry (BPI) San Andres. Panay Ave.
896-5785. repair or maintenance of vehicles. No. and motivate them to do their very best at work. Security of Tenure.ph Hiring/Training Personnel Your workers are essential to your business. or miscarriage of a female member of the SSS who has paid at least three monthly contributions within the 12month period immediately preceding her childbirth or miscarriage. This includes breaks or rest period of less than one hour. As manager. holiday and 13th month pay. It is unlawful to discriminate against female employees. Work Day refers to any day during which an employee is regularly required to work. Know your employees’ rights: Equal Work Opportunities for All. Every employee shall be assured security of tenure. night differential. rest day..For enterprises engaged directly or indirectly in the servicing. abortion. No. and only after due process. It also includes the fair and reasonable value of board. Hours of Work refer to all the time an employee renders actual work. lodging. you must see to it that you have the right employees. medical and dental equipment. or is required to be on duty or to be at a prescribed workplace. piece of work. Gil Puyat Ave. 2. which shall not be less than one hour.gov. DTI – Bureau of Trade Regulation and Consumer Protection (BTRCP) 2/F. Fax. electrical components. and that you train them well. Paternity Leave – a male employee can go on leave for seven days with full pay when his legitimate spouse gives birth or suffers a miscarriage. engines and engineering works. This includes overtime. 361 Sen.dti. Maternity Leave – the leave granted on the occasion of childbirth. air-conditioning and refrigeration. and other facilities customarily furnished by the employer. mechanics or technicians) are also within the scope of the BTRCP. you cannot have a business. Male and female employees are entitled to equal compensation as well as equal access to promotion and training opportunities. 890-4949 Email: btrcp@dti. electronics. 3. Service Incentive Leave (SIL) – an employee is entitled to a five-day leave with pay after one year of service. The normal hours of work in a day is eight hours. Remember that without workers. No employee can be dismissed from work except for a just or authorized cause. Makati City Tel. . Three types of Leaves 1. Work Days and Work Hours. Wage and Wage-Related Benefits. It is also unlawful to hire a woman on condition that she should not get married. Technical personnel (e. office machines and data processing. Wage is the amount paid to an employee in exchange for a task. but excludes meal periods.g. Even if you’re running a very small operation. or service rendered to an employer.. or to stipulate expressly or tacitly that a woman employee shall be deemed dismissed if she gets married. equipment. you cannot expect to do everything yourself. Trade and Industry Bldg.
sickness. association. Workers’ Participation and Tripartism. Once you have made up your mind.ph . a poor business environment. Getting Your Business Started Now you can start your business. or death through safe and healthful working conditions. Holidays or Special Days are classified as such by law or declared by competent public authority. you are ready to join the ranks. An employee is eligible for membership in an appropriate union on the first day of his or her employment. They have a right to take part in tripartite activities with government and employers’ organizations.gov. Except for those classified as managerial or confidential. Employers must provide workers with every kind of on-the-job protection against injury. have laid down your plans. don’t blame other people. all employees may form or join unions for purposes of collective bargaining and other legitimate concerted activities. give your customers their money’s worth. and are determined to face the challenges ahead. workers are entitled to representation in tripartite decision-making functions as defined by law. the government. Not everything will go according to plan. including fixing of wages and resolution of labor disputes. Every worker has a right to selforganization. whether or not it falls on an employee’s Work Day or Rest Day.Safe Working Conditions. form or join a legitimate worker’s organization. Remember that being an entrepreneur also means you have a social responsibility to your employees and to the community you serve. or union of his choice free from interference from the employer or from the government. Through their organizations. This means that you must pay decent wages. and tips on writing a business plan. Source: dti. or bad luck. A guide to would-be entrepreneurs on the process flow of starting a small business. i. the risks and rewards of going into business. Workers have a right to participate in policy and decision-making processes in matters directly affecting them. Keep in mind that business is uncertain. and compete fairly in the market. Rest Day refers to any rest period of not less than 24 consecutive hours after not more than six consecutive work days. Welcome to the world of business! DOWNLOAD HANDBOOK: Starting Your Own Business (Tagalog Version). Right to Self-Organization and Collective Bargaining. published by the Department of Trade and Industry (DTI). through the Bureau of Micro. Rest Days and Holidays. Small and Medium Enterprise Development (BMSMED).e. The handbook also provides the likely requirements in registering with the various government institutions. Successful entrepreneurs learn from their failures. When the unexpected happens..
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