In the Philippines, there are four types of businesses according to sizes, namely, micro, small, medium and large business enterprises. They can be classified according to the size of assets, equity or number of employees. Basically, small businesses are those which have total … [Read more...]
Small Businesses in the Philippines
Small businesses in the Philippines can be defined according to the size of assets, size of equity capital, and number of employees. The Magna Carta for Micro, Small and Medium Enterprises (RA No. 6977, as amended by RA 8289, and further amended by RA 9501) defines a small … [Read more...]
10 Reasons Why Filipinos Don’t Succeed in Business
It’s great to have a business. It’s challenging to be in entrepreneurship. In our country, we need more business people and entrepreneurs to provide more jobs, generate more output, and grow our economy. However, entering into business and entrepreneurship is not an easy task but … [Read more...]
10 Entrepreneurship Tips for Business Owners
Not all business owners become entrepreneurs, and not all businesses become enterprises. There are many aspiring business owners and even money makers who are already calling themselves entrepreneurs because they have escaped the corporate cubicle and made themselves their own … [Read more...]
How to Register as a Barangay Micro Business Enterprise (BMBE) in the Philippines
A micro business or enterprise is defined as any business activity or enterprise engaged in industry, agribusiness and or services, whether single proprietorship, cooperative, partnership or corporation whose total assets, inclusive of those arising from loans but exclusive of … [Read more...]
5 Tips for Small and Medium Businesses in the Philippines
Majority of business owners and entrepreneurs in the Philippines are micro, small, and medium enterprise (MSME) owners. They are the ones who are responsible for contributing more than two-thirds (69.9%) of all jobs in the Philippines. MSMEs also account for 32% of the total … [Read more...]
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