General Business (The Philippines)

Why Every Business in the Philippines Needs Business Insurance

So, you’ve opened up a door of opportunity, and finally, there you are, driving your way into the world of entrepreneurship! Just like a lot of businesses, you will inevitably have to deal with logistics, finances and legalities. While these are requirements, there are some aspects that you would probably think are optional. But in truth, they are as important as everything else. Such as insurance. Do you think your business needs it? You may say: maybe or maybe not. This will mostly depend on the type of business that you run, but here are some of the reasons why it should be on your list of must-haves for your business. 1. It ensures fair compensation when it comes to damages and injuries. There could be a lot of circumstances where your business would get damage claims. With this,...

5 Reasons Filipino Businesses Can’t Make a Profit

You’ve been running a business for 3 years but are not profit making. What’s wrong? So you decided to take the leap, maybe even leave your 9 to 5 job and start your own business. It wasn’t easy for sure. In fact, it was exhausting. But you were told that the reward is good. But, it doesn’t seem like it’s working that way. What could be the problem why until now, your revenue is still disappointing? It’s simple, really. Businesses are created to make profit. It is a reward that doesn’t just increase the financial value of a company, but also determines its viability to operate for the long run. What’s not simple, however, is how to enhance the profit margin. It’s a major challenge for many small business owners as running on a loss can cause not just turmoil in their...