iSTORYA.NET - Blogs - jothecontentguy https://www.istorya.net/forums/blog.php?253647-jothecontentguy en Wed, 20 May 2026 11:56:43 GMT vBulletin 300 https://www.istorya.net/forums/images/metro/blue/misc/rss.jpg iSTORYA.NET - Blogs - jothecontentguy https://www.istorya.net/forums/blog.php?253647-jothecontentguy About Sole Proprietorship and How to register your business in the Philippines https://www.istorya.net/forums/entry.php?2878-About-Sole-Proprietorship-and-How-to-register-your-business-in-the-Philippines Tue, 05 Sep 2017 17:33:56 GMT
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Finally after reading my previous blog entries, you have been inspired to pursue your quest to entrepreneurship. Now that you have conceptualized your business and mapped out your target market, the next question is: How to establish your start-up company.


In this blog, I will be sharing you the business terminologies as defined by the Philippine Law so you can have a concrete idea on the general framework that involves around the registration of your business in the Philippines.


Before anything else, there are 3 type of business enterprise that you can pursue when doing business in the Philippines.


  1. Sole Proprietorship
  2. Partnership
  3. Corporation

I would like to dedicate this blog entry for aspiring entrepreneurs (that are exclusively Filipino Citizens) who would want to come up of a start-up business. Therefore, I will be talking about SOLE PROPRIETORSHIP.



What is Sole Proprietorship?

As per DTI (Department of Trade and Industry), It is a business structure owned by an individual who has full control/authority of its own and owns all the assets, personally owes answers all liabilities or suffers all losses but enjoys all the profits to the exclusion of others. A sole proprietorship must apply for a business name and be registered with the DTI-National Capital Region (NCR). In the provinces, application may be filed with the DTI regional/provincial offices.



Simply put, it is a type of business enterprise that is owned, managed and directed by a single individual.

Why Sole Proprietorship is ideal for start-ups?


  • Easy to set-up your business structure



Continue Reading: Click Here
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]]> jothecontentguy https://www.istorya.net/forums/entry.php?2878-About-Sole-Proprietorship-and-How-to-register-your-business-in-the-Philippines How to start your own Siomai Business https://www.istorya.net/forums/entry.php?2875-How-to-start-your-own-Siomai-Business Fri, 18 Aug 2017 00:32:35 GMT

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Here's an interesting read for today. Ever wanted to start your own business but could not think of one? you can add this to your list. There is no doubt that majority of us likes dimsum. Siomai, siopao, dumplings, etc. I mean who doesn't? It's easy to eat, fun to chew, the taste is delicious and more importantly... a bang for a buck! (or a peso). Whether its for breakfast, lunch, snacks or dinner, you can eat dimsum all day, any day and that's a proven fact! You seldom see a stall selling siomai with no customers for the next 15 minutes. Why? because everyone loves siomai and if you know of someone who doesn't eat siomai, don't trust them. They are aliens from planet mars (just joking). Everyone just loves it. It's tasty and affordable

Why come up of a siomai business?

  1. The size of your stall only requires a minimum of at least 2 x 3 feet. It's like kids selling lemonade on the sidewalk. You don't need a very big space to start the business
  2. The required capital to start the business is very - very - very - cheap and you can sell the siomai per piece at a minimum of 150% profit margin (yes allow me to discuss this to you on this blog).
  3. It's a no brainer. You don't need to be a rocket scientist or even have a bachelor's degree to start this business. Only requirement is simple math. It's just an exchange of monetary value (or in Filipino term, "Barya" or "Sukli").

Let's get to the point and talk about the capital required to start the business (since all business starts with capital). Now believe it or not, there's a life hack to this one. While there a lot of suppliers out there, I am going to share to you a very valuable information that can really get you straight to the siomai business and start earning (yes, thank me later). I found a food factory who manufactures a variety of dimsum products, specifically siomai. You will not believe how much they are selling it. The prices of their siomai is only 2.75 pesos per piece! (yes you read that right. It's two pesos and seventy-five centavos per piece). An average siomai is being sold at 6-8 pesos per piece. That's how much profit margin you make per piece if you get your siomai supply to them. But before anything else, allow me to introduce to you who the supplier is. The supplier is... *drum rolls*....

Continue reading: @jothecontentguy: Content of the day: How to start your own siomai business ]]> jothecontentguy https://www.istorya.net/forums/entry.php?2875-How-to-start-your-own-Siomai-Business The importance of payroll outsourcing and why it matters to your business https://www.istorya.net/forums/entry.php?2874-The-importance-of-payroll-outsourcing-and-why-it-matters-to-your-business Thu, 17 Aug 2017 09:50:07 GMT Attachment 16011 (https://www.istorya.net/forums/attachment.php?attachmentid=16011) The *HR department* is often the most underrated, under estimated and most misunderstood department in the business world. For others, the HR department just simply sits down quietly in their office and hardly seen going out to interact with employees on work hours. An average employee would think, that the HR department is probably one of the most relaxing job in the business world since they just see the HR officer sit down on their desk… and do nothing other than wait for the scheduled payroll day. But did you know how payroll is a very important and crucial part of the corporate world? A simple mistake on salary deduction or computation of work hours can lead to a disgruntled group of employees that can cause the work operation of the entire company to be put on halt. Did you know that while your HR officer is busy monitoring your paycheck, they are also responsible on to the minor details that are beneficial to the welfare of the employees throughout their entire work hours of service? From social security benefits, phil health (Health Care in the Philippines), pag-ibig (Housing program for employees) and other salary deductions that actually matters for an employee. Now imagine, calculating these work hours and deductions times the number of employees in the company making sure that a single cent is always credited to every person accordingly. Not only that, employees *_demand _*that their paycheck should be released on time during pay day. Would you like your paycheck to be delayed? Neither do the hundreds and thousands of your co-workers. How would you feel if you received your paycheck with miscomputed salary deductions? You would probably be walking towards the HR office ready to storm the entire place. And so, does the hundreds and thousands of your co-workers. Still want to trade places with your HR officer? But what does HR officer do aside before the payroll schedule time? The HR officer also overlooks the performance of every employee making sure the working at their 100% optimum capacity. Among many other things, the HR officer has talk to employees who fell below their performance rate and identify the source of the problem so they can find a quick solution to deploy the employees back from their respective departments. Imagine dealing with different employees with different work behavior. And don’t forget – the deadline for payroll is coming up fast! Still want to trade places with your HR officer? *This article is not meant to build sentiments for HR professionals but rather a wake-up call. The great question now lies on the management:* 1. How effective are you lately as an HR professional? 2. How is the productivity rate of your employees? 3. Are you on time on your payroll schedule? 4. Are you experiencing labor unions lately? Do you want to? Being an HR officer is a tedious work that derives on a combination of psychological behavior and financial expertise at the same time. An effective HR management can lead to good productivity output for the company that can generate more sales and revenues. By outsourcing your payroll programs to a credible third-party company with expertise on finance, your HR management will be able to focus on the bigger things on the business such as the increase of productivity output from the employees as well as solving issues in regards to the employee – employer relationship. **Benefits of payroll outsourcing:** 1. *Time saving and enhance productivity * 2. *Minimize operating cost and cost efficiency* 3. *Security on identity theft and funds* 4. *Enjoy the benefits of HRIS (Human Resource Information System) without investing on one* 5. *HRIS / Accounting Software system update cost and other technological advancement* * Continue Reading Click Here: http://clasensolutions.com/the-importance-of-payroll-outsourcing-and-why-it-matters (http://clasensolutions.com/the-importance-of-payroll-outsourcing-and-why-it-matters) *
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The HR department is often the most underrated, under estimated and most misunderstood department in the business world. For others, the HR department just simply sits down quietly in their office and hardly seen going out to interact with employees on work hours. An average employee would think, that the HR department is probably one of the most relaxing job in the business world since they just see the HR officer sit down on their desk… and do nothing other than wait for the scheduled payroll day.

But did you know how payroll is a very important and crucial part of the corporate world? A simple mistake on salary deduction or computation of work hours can lead to a disgruntled group of employees that can cause the work operation of the entire company to be put on halt. Did you know that while your HR officer is busy monitoring your paycheck, they are also responsible on to the minor details that are beneficial to the welfare of the employees throughout their entire work hours of service? From social security benefits, phil health (Health Care in the Philippines), pag-ibig (Housing program for employees) and other salary deductions that actually matters for an employee.

Now imagine, calculating these work hours and deductions times the number of employees in the company making sure that a single cent is always credited to every person accordingly. Not only that, employees demand that their paycheck should be released on time during pay day. Would you like your paycheck to be delayed? Neither do the hundreds and thousands of your co-workers. How would you feel if you received your paycheck with miscomputed salary deductions? You would probably be walking towards the HR office ready to storm the entire place. And so, does the hundreds and thousands of your co-workers. Still want to trade places with your HR officer?

But what does HR officer do aside before the payroll schedule time? The HR officer also overlooks the performance of every employee making sure the working at their 100% optimum capacity. Among many other things, the HR officer has talk to employees who fell below their performance rate and identify the source of the problem so they can find a quick solution to deploy the employees back from their respective departments. Imagine dealing with different employees with different work behavior. And don’t forget – the deadline for payroll is coming up fast! Still want to trade places with your HR officer?

This article is not meant to build sentiments for HR professionals but rather a wake-up call. The great question now lies on the management:

  1. How effective are you lately as an HR professional?
  2. How is the productivity rate of your employees?
  3. Are you on time on your payroll schedule?
  4. Are you experiencing labor unions lately? Do you want to?

Being an HR officer is a tedious work that derives on a combination of psychological behavior and financial expertise at the same time. An effective HR management can lead to good productivity output for the company that can generate more sales and revenues. By outsourcing your payroll programs to a credible third-party company with expertise on finance, your HR management will be able to focus on the bigger things on the business such as the increase of productivity output from the employees as well as solving issues in regards to the employee – employer relationship.

Benefits of payroll outsourcing:


  1. Time saving and enhance productivity
  2. Minimize operating cost and cost efficiency
  3. Security on identity theft and funds
  4. Enjoy the benefits of HRIS (Human Resource Information System) without investing on one
  5. HRIS / Accounting Software system update cost and other technological advancement


Continue Reading Click Here: http://clasensolutions.com/the-importance-of-payroll-outsourcing-and-why-it-matters
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]]> jothecontentguy https://www.istorya.net/forums/entry.php?2874-The-importance-of-payroll-outsourcing-and-why-it-matters-to-your-business