INTENTIONS FOR DOING

BUSINESS
GROUP 1

COMPOSE OF:
LINUAG MABUTE MAGBALETA BUCATCAT ARROYO TOLOZA
 WHAT IS A BUSINESS

INTENTION?
I NT ENTI ONS S E T TH E F O UNDA TI O N

FOR OUR GO AL , AN D FRO M THA T

PLACE OF I N TE N TI ON , WE CA N

BUI LD A PLA N OF AC TI O N TO

ACH I EVE OUR G OAL . I N TENTI O NS

HEL P CLARI FY YOUR G O A LS . WHEN

WE SET AN I N TE N TI ON O F HO W WE

WAN T TO FE E L , AC T, AND S HO W UP

AS WE MOV E TH ROUG H O UR Y EA R.
PAU CEK AN D L AGE
INTENTIONS
I NGOUDE CO MPAN Y

An intention is the purest form of your

1. Attract an audience and build

goal; it's the essence of your goal. Intention

relationships online/personal.
is the heart of your deepest desire, wants,
2. Establish a presence for your business.
ideas, and creativity. Intentions set the
3. Setting business goals and objectives
foundation for our goal, and from that place

of intention, we can build a plan of action

to achieve our goal. Intentions help clarify

your goals.
A POTENTIAL OF INCOME

B PURSUIT OF PASSION

C PROPOSE AN IDEA

D PRACTICE A PROFESSION

E PERFORM FOR EXPRESSION

 Potential of Income
What is income?
Income is money that an individual or business receives in exchange for providing

labor, producing a good or service or investing capital. Individuals typically earn

income through wages or salary, while businesses earn income from selling goods or

services above their cost of production. Most forms of income are subject to

taxation.
 ACTIVE INCOME
If you have a job and receive a paycheck, you make your

money through active, also called earned, income. This

essentially means you're exchanging time and energy, or

material participation, for money. Active income includes

payment in the form of wages, salaries, tips and

commissions. For example, if you work as a cashier at a

grocery store, the money you make hourly would be

considered active or earned income because you're

actively completing tasks and interacting with

customers throughout each shift.

 PASSIVE INCOME
Passive income is money earned from a rental property,

limited partnership or other business in which you're not

actively involved. For example, if you invest in a business

without participating in its development, you'd be

considered a silent investor receiving passive income.

Passive income streams typically require an upfront

investment and time to grow and maintain profit.

However, investments like these can provide you with a

regular stream of income in the future with little to no

effort on your part.

PURSUIT OF PASSION
Passion is your drive, ambition and the love of what you do

and who you serve. It provides you with a very special view of

the world that others often don’t see.

There is an old saying that "if you do what you love, you will

never work a day in your life."

Passion is what drives you to succeed because you are

completely dedicated to making your business work no

matter how hard the process may be.

 Finding Passion in Business
Working at something fun and interesting is what many people

Find a niche aspire to do. But identifying a special niche interest is a struggle

for some people. Rather than focusing on turning a hobby into a

business, be creative. Consider how your unique skills, quirks or

interests might translate into or transform a business.

Short-term goals should be specific and focused on what an

individual wants to accomplish today or this week.

Set goals and rewards
Longer-term goals should be fixed on the big picture over the

months and years ahead.

Knowing what to strive for and having a reward in sight can

make work feel all the more exciting.

 Finding Passion in Business
Arriving at the right perspective and attitude is perhaps the

Change your perspective most important factor in sustaining passion and enjoying an

activity.

Achieving goals, seeing the excitement of growth and looking at

an old industry from a new perspective can help inspire a

Enjoy what you do

person's entrepreneurial spirit. And this makes it easier to work

through the struggles.

 Importance of Passion in business

Passion Drives

Success

Passion
Passion Gets

Makes You
Other People on

Persistent Board and

contagious
 PRACTICE A
PROFESSION
PRACTICE A PROFESSION REFERS TO
THE CONDUCT AND WORK OF
SOMEONE FROM A PARTICULAR
PROFESSION. PROFESSIONS ARE
OCCUPATIONS THAT REQUIRE A
PROLONGED PERIOD OF EDUCATION
AND TRAINING. THEY ARE OFTEN
OVERSEEN BY PROFESSIONAL BODIES
WHO MAY ACCREDIT EDUCATIONAL
ESTABLISHMENTS AND QUALIFIED
PROFESSIONALS.
 LICENSED PROFESSIONALS FROM
FOREIGN COUNTRIES WHO WISH TO
PRACTICE THEIR PROFESSIONS IN THE
PHILIPPINES, EXCEPT IN LAW, SHOULD
OBTAIN A SPECIAL TEMPORARY
PERMIT FROM THE PRC BASED ON THE
PROVISION OF REPUBLIC ACT 8981.
THE LAW PRACTICE IS RESERVED FOR
PHILIPPINE CITIZENS ONLY WHO HAVE
COMPLETED THE REQUISITE
COURSEWORK AT A DULY ACCREDITED
PHILIPPINE LAW SCHOOL AND PASSED
THE BAR EXAMINATIONS.
THE PROFESSIONAL REGULATION
COMMISSION (PRC) AND THE
SUPREME COURT (SC) ARE THE
OFFICIAL ORGANIZATIONS MANDATED
BY THE PHILIPPINE GOVERNMENT TO
REGULATE AND SUPERVISE VARIOUS
PROFESSIONALS’ PRACTICES. THEY
ARE RESPONSIBLE FOR
ADMINISTERING, IMPLEMENTING, AND
ENFORCING REGULATORY POLICIES ON
HANDLING AND LICENSING MULTIPLE
PROFESSIONS AND OCCUPATIONS
UNDER PHILIPPINE JURISDICTION.
 Business Idea
A business idea is a concept that can

be used for financial gain that is

usually centered on a product or

service that can be offered for money.

An idea is the first milestone in the

process of building a successful

business.
No business idea is 100 percent unique; there will always

be businesses out in the world that are similar to yours.

So, don’t sweat it if there are companies doing what you

do; in fact, that proves there’s a market for what you do.

What you do have to think about is who your

competition will be, what exactly they are providing and

what you will do differently or better than they do.

To stand out from the competition, you will need to know

what sets you apart. Start doing research on the companies

that could become your competition. Look at how much they

charge, who their target audience is and how they market to

them, to name just a few research points. There’s no need to

reinvent the wheel, but do look at what these companies are

lacking in and how you can improve upon those areas in your

business, so that you capture their customers.

People always wonder if this is a good time to start their business idea. The fact is,

there's really never a bad time to launch a business. It's obvious why it's smart to

launch in strong economic times. People have money and are looking for ways to

spend it. But launching in tough or uncertain economic times can be just as smart.

If you do your homework, presumably there's a need for the business you're

starting. Because many people are reluctant to launch in tough times, your new

business has a better chance of getting noticed. And, depending on your idea, in a

down economy there is often equipment (or even entire businesses!) for sale at

bargain prices.
PERFORM FOR
EXPRESSION
One of the intentions of business is to provide a platform for

people to express themselves creatively in a safe and

supportive environment.

In order to increase the performance and expression, one

should focus on their business goals. If they have a clear idea

of what they want to achieve and how they will go about

doing so, then there will be less confusion and more clarity in

what needs to be done.

Attract Investors
Getting startup capital for your

business may make you nervous—not

because you don't know your

company inside and out, but because

you're unsure what will be expected

of you when you meet with possible

investors.
 WHY
INVESTORS
ARE NEEDE?
I NVESTORS MI G H T BE
ADVANTAGEOUS TO A CO M P A NY .
AN I N VESTO R DOE S N OT REQ UI RE
MON THLY P AYME N TS BECA US E I T
I S NOT A LOAN . AN I N VES TO R CA N
ALS O BE A C RE DI BL E S O URCE O F
BUS I N ESS E XPE RTI S E A ND M A Y
HAVE AN E XTE N S I VE CO M P A NY
NET WORK ON WH I C H Y O U CA N
R EL Y.
5 STRATEGIES TO ATTRACT INVESTORS

Strategy #1 — Investors Want a Roadmap

Strategy #2 — Target the Right Investors

Strategy #3 — Leverage Networks and Referrals

Strategy #4 — Offer Stocks with Dividends

Strategy #5 — Speak to a Larger Purpose

 references
Kittneh, M. (2014). The Real Person's Guide to Finding Your Passion and Loving What You Do.

Retrieved from: https://www.entrepreneur.com/article/240303

Khapova, et al. (2020). When Entrepreneurial Passion Backfires. Retrieved from:

https://hbr.org/2020/02/when-entrepreneurial-passion-

backfires#:~:text=Passion%20is%20the%20fuel%20that,likely%20they%20are%20to%20

succeed.
Herold, C. (2020). The Importance of Passion in Business. Retrieved from:

https://cameronherold.com/blog/the-importance-of-passion-in-business/