How to Avoid Business Scams and Fraud: 5 Things Businesses Need to Know The tactics criminals use to conceal their motives make identifying a business loan scam or fraud attempt difficult. Before proceeding with any business loan, you must follow these steps to protect yourself and your company from potential financial ruin: 1. Do your research […]
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4 Most Profitable Business Ideas in the Philippines That You Can Try 1. Online Selling Online selling, often called e-commerce, has emerged as one of the Philippines’ most lucrative small business opportunities. The Department of Trade and Industry (DTI) has observed a remarkable surge in Filipino online retailers, soaring from around 2,000 to over 2 million in
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What are DTI Loans, and Who Can Apply for Them? DTI loans are financial instruments specifically designed to support the growth and development of MSMEs. These loans differ from traditional bank loans in several ways, namely: DTI loan for MSMEs DTI offers a range of loan programs to cater to the diverse needs of MSMEs.
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6 Business Loan Repayment Tips to Plan and Budget Your Finances Better Planning and budgeting for offline or online loan repayment means plotting a course through choppy financial waters. Here are valuable tips that will empower you to manage your finances better. 1. Create a realistic repayment schedule No one goes to war without a proper strategy. The same
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Short-Term Business Loans: Benefits and Drawbacks Short-term corporate loans are popular for companies looking to address immediate financial challenges or seize time-sensitive opportunities. Benefits Drawbacks Long-Term Business Loans: Benefits and Drawbacks Long-term business loan use, on the other hand, provides more substantial funding and flexibility for significant undertakings and ventures. Benefits Drawbacks
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Benefits and Challenges of Franchising Franchising is a common business approach in the Philippines, offering a way to avoid the hassle of brand creation. However, it has its own pros and cons that potential franchisees should consider. Benefits 1. Established brand recognition One of the most significant advantages of franchising is the instant brand recognition.
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6 Notable Small Business Trends Today In this rapidly evolving digital landscape, staying attuned to key business trends is not just a choice. It has now become a strategic imperative that will aid small business growth. Here are some small business trends to help you gain a competitive edge in your industry. 1. Artificial intelligence (AI) AI has evolved from
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What is Cash Flow Management? Cash flow management is the tracking of money movement, monitoring incoming funds against outgoing expenses like bills, payroll, and property costs. According to Renz Estrella, President of Zenith Capital, effective cash flow management is “essential for sustaining and growing a small business, especially when considering capital loans as part of
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What is PhilGEPS and How Does It Work? The PhilGEPS is an electronic platform that streamlines government procurement processes. Its primary purpose is to facilitate transparency, efficiency, and accessibility in public procurement. By registering on PhilGEPS, businesses gain visibility to government agencies, which opens the door to potential business opportunities in the top industries through government contracts.
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6 Common Small Business Financial Challenges and How to Solve Them Now, more than ever, there are various financial challenges faced by small businesses. Here are some of the most common ones and how to solve them effectively. 1. Lack of cash flow Lack of cash flow is one of the problems of a small
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