Event Management Philippines Blog: entrepreneurship

5 Lessons I learned from Untold: The Rise and Fall of And1

and1

Monday, September 05, 2022
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Wednesday Power Ideas | Entrepreneurship

entrepreneurship

Wednesday, July 07, 2021
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Ka-Entrep opens PBEX 2017 with SME Fair and Forum

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Wednesday, June 28, 2017
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3 Critical Areas SMEs Must Monitor

Business Expo

Having a business is a challenge. It is not a walk in the park. But it is also rewarding. To see you efforts and sleepless nights result into a growing business is a great feeling.

Here are 3 critical areas that SMEs must monitor to ensure the sustainability of the business, and maintain the great feeling of running a growing business.

1. Talent Pool

In the age of War for Talent, you need to ensure that you get the right talent for the job. This is easier said than done.

Also, you need to monitor the rising cost of acquiring, training and maintaining the Talent.

You cannot take advantage of the opportunities that knock on the door of your business if you lack the Talents to help you in maximizing the opportunities.

On the other hand, if you have Talents but their cost is higher than what the present opportunities bring to you, it means you have a losing business.

2. Competition

As the competition becomes tougher and the barrier to entry in your industry becomes lighter you must always be nimble and wired to the moves and actions of your competitors.

Think about Nokia and Black Berry, successful brands that failed to keep in step with their competitions.

Always study the competition and never rests on your past success.

3. Cash Flow

Cash is king. I was witnessed to a lot of businesses folding-up despite their strong demand in the market for one important reason they cannot pay the operation of their business because they lack Cash.

Cash Flow is the blood that continuously provides air to your business. Always make sure that your cash flow is good so that you can grab all the opportunities your industry offers.

You don’t need a deep pocket to maintain a healthy cash flow, what you need is a balance between your accounts receivables, accounts payable and cash on hand.

Again, easier said than done. But who says running a business is easy. It is difficult but fulfilling. A fulfillment you cannot event equate to money.

For more information and tips visit Philippine Business and Entrepreneurs Expo (PBEX) #pbex, July 15-17, 2014 at Megatrade, SM Megamall.

Monday, June 30, 2014
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3 Ways on How to Train Your Dragon (Passion)

business

photo from Intl. Starseed Network

Entrepreneurs are passionate people. And we don’t want them to be the other way around.

But what if the passion suddenly disappears or is waning?

If this is your situation, let me give you my piece of mind on how to train your dragon (your passion).

I associate passion with dragon because both of them needed fire to be powerful!

Dragon is a mythical animal and passion is very much the same (for me).

1. Take a Breather

If you feel bored with the business that you are running which you started because of your passion to it, you can stay away from it in a few days or once-a- week.

The distance away from that business will give you breathing space and a fresh look on that business that you are passionate about.

I go to the mountains or read books just to occupy my mind whenever I feel my passion is going down.

2. Join a group of like minded people

Fighting the battle alone will wear you out. Sometimes those small failures add up and you find yourself tired or drowning.

Meet-up is a great online platform where you can find a group to exchange ideas. I attend some meet-up and I find myself full of vigor after this productive meet-ups.

You may also attend free seminar from tradeshows. I have an upcoming event on SMEs that is the Philippine Business and Entrepreneurs Expo (PBEX) slated this July 25-27, 2014 at Megatrade, SM Megamall. You can find a group of entrepreneurs there that you maybe interested to join.

3. Gamify

Don’t get me wrong but this is not only about technology. What I am saying is making work like a game. Everybody loves competition. There is an adrenaline rush that goes along with it and it feels good.

In our office, I recently divided the people into to groups and we created a sales competition. Of course, there is a reward for the winning team.

Even if the game is still ongoing, I see fire in the eyes of the people. As for me, I love working with people with fire that makes my own fire burn brightly.

These are simple tips on how to train your dragon. I believe in no time you can see your dragon soaring to greater heights.

And to fly our dragon high up in the sky is the right path for all of us.