Money Basics Philippines

A successful business is the best source of profits.  One of the best money maker known to mankind is starting a business and becoming an entrepreneur. That's the reason why many people wants to start their own. They are motivated by the promise of profits, financial freedom and most of all, wealth! But to be blunt, those promises and rewards will only come to you if your business is successful. And to make things worst, more than 80% of new business in the Philippines close down in their first five years! You read that right bud! There are many reasons why Filipino entrepreneurs fails , but most of the time, it's because of big and tough competition, and mismanagement. In reality, there's only a handful of entrepreneurs can make their own business profitable, and those who work harder and smarter can make their business a stunning success. Now, the question is, how to make your business successful? What are the things you need to do? What are the traits you m...

Filipino startups are prone to bankruptcy. Why? Read below and find out.  Business is one of the most powerful way to create wealth . If you managed to create a successful business, then I'm pretty sure that financial freedom is coming up next. But in order to become successful and profitable, you need to understand the fact that small business have a huge failure rate. According to SBA (Small Business Association) 22% of small businesses close down before they even reach the first year. Another 55% will trimmed before the fifth year and 25% before the tenth year. In our local market conditions, small businesses have higher mortality rate because the competitor are always aware of your presence and even ready to devour you alive. So why do Filipino startup businesses fail? In this post, we will talk about some of the major reasons why a business don't succeed and how you can avoid it yourself. 1.) Wrong Location "Dito ko na lang itatayo ang milk tea sho...