Starting a Business While Still Employed

February 8, 2011

Business Coach Column by Ruben Anlacan, Jr. (President, BusinessCoach, Inc.) from the Manila Bulletin

As the saying goes, “No man can serve two masters at the same time.” If you are currently employed, starting a business is a difficult thing to do. Starting a business while currently employed poses many legal, ethical, and technical issues. The truth is, it is almost impossible not to be distracted but still, you should not steal time from your present job, just to work on your business.

There is little financial risk if you start a business while still employed. You still have the cash flow of your job to sustain your basic needs if you are unsuccessful in your venture. But aside from the time you spend in your regular job, you have to devote time to your business, meaning, you have to work during your rest periods, sacrificing your holidays and vacations.

Dealing with the legal aspect first is of prime importance. You could be fired or even be sued if you neglect to check this. Some contracts state that you cannot start a competing business while you are still employed with your company. Others disallow you from doing other jobs—and they can threaten to charge you for conflict of interest.

On the personal side here are some tips:

• If possible, be honest with your boss. It will free you from your stress and other worries. Just make a commitment that your business will not negatively affect your present job. You may also market to your current clients and co-workers as long as there is no conflict of interest.
• Have a business start-up plan. Include objectives, product or service testing, funding and resources, market analysis, sales strategies, and break-even point analysis.
• Never take your personal business calls on company time.
• Never use company supplies or equipment for your own business.
• Teach your family members to be frugal. You need money to finance your business. Find means to cut expenses.
• Do not falter in your current job, or you will be terminated in no time. Follow your regular work schedule. Your business must be done only after your work hours.
• Never quit your job until you have proven that your business can sustain itself. This is most tempting in seasonal businesses. I have an acquaintance who started her business during the Christmas season and she resigned when sales boomed. Unfortunately, by January, she was barely breaking even and by March she had to close shop.
• Never forget to mind your health. It is your number one asset.

If you wish to launch a business while still employed, you must do it part-time. Usually such businesses should be easily monitored and should not need your continuous supervision to function. Choose a business that capitalizes on your current skills and talents. Here are some business suggestions you may start effortlessly:

• If you are a teacher, you may offer tutorial services. Soon you can build your own preschool or tutorial center.
• If you are a good writer, you may start blogging as a home business. You may also apply as a freelance writer, public relations officer, or a copywriter. You may also earn big bucks by providing a résumé writing service. Later on, you could possibly go into the publishing business.
• If you have plenty of stuff, you may sell the unused items. Look in your closet for old clothes, or check your bookshelves for items you no longer need. You can earn extra, while removing the clutter in your house. Soon you can have your own “ukay-ukay” store.
• If you have hobbies and can produce nice crafts, you may begin selling them to friends. You may also sell them online through e-bay, sulit.com.ph, or similar websites. Soon you might be supplying to various mall chains.
• If you have talent in photography, you may offer services during weddings and other parties. Eventually you can have your own photography studio.
• If you have talent in cooking, you may accept catering services during weekends and holidays. As a caterer, you may include supplying balloons and other party needs on the side. If successful, you can start your own restaurant or fast food business.
• If you are an excellent singer or dancer, you may be a dance or music instructor. Soon you can build your own music or dance studio.
• If you have a computer and printer at home, coupled with your expertise in layouts and designs, you may be a desktop publisher. Maybe, later, you can have your own printing press.

There are certain not obvious advantages of doing business while still employed. It forces you to learn delegation. You get to know how to institute controls, policies and procedures so that the employees can function effectively on their own. If you are there all the time, the instinct to decide or do everything yourself may be too great.

It is really a challenge to balance both your job and your business. However, you have to persevere if you want to supplement your income, and protect your family during the financial crisis. You must have a safety cushion before you can quit your job and commit to your own business if being an entrepreneur is your long-term plan.

Lastly, try to be in good terms with your current employer. You never know; they may eventually become your client or give you referrals. Often, the best opportunities for you are in the industry you already know and usually people know each other if they are in the same line of business and so it will be best if you don’t burn your bridges.

Being an entrepreneur is not for everyone. It is not for the lazy or the fearful. There are no safety nets to catch you if you fail. While even big companies fail, the mortality for start-ups is far higher. You will reduce your risks substantially if you can start your business while still receiving a paycheck.

(All rights reserved. Copyright by Manila Bulletin and Ruben P. Anlacan, Jr. May not be reproduced or copied without express written permission of the copyright holders.)

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How to Start and Manage a Preschool or Day Care Center

November 12, 2010

SEMINAR TITLE: How to Start and Manage a Preschool or Day Care Center

Focus: how to start a preschool business, requirements in putting up preschool, day care center, starting a preschool business, pre-school seminar

TIME: 9:00 am – 4:00 pm

VENUE: Unit 201 Richbelt Tower, 17 Annapolis St., Greenhills, San Juan City, Metro Manila

SCHEDULE: Please call (632) 225.66.16  or call/text mobile numbers 0926.622.0768 or 0933.584.7266. You may also click here to view schedule of the Business Training Program

KEY TOPICS:

• Introduction to the preschool/daycare business
• Steps in putting up a preschool/daycare (registration & legal requirements)
• Ideal location to put up a preschool/daycare
• Determining potential market
• Considerations in building, structure, required lot area, etc.
• Needed equipment and school supplies
• Hiring the most suitable teachers / staff and salary rates
• Curriculum development
• Daily operations and strategies to implement
• Dealing with your competitors
• Marketing your establishment
• Capital needed with cost breakdown
• Costing—tuitions and other sources of income
• Potential return on investment
• Mistakes to avoid in putting up a preschool / daycare
• Sample business plan for a preschool

SEMINAR FEE: Php 3,000 per person (inclusive of snacks, lunch, drinks, seminar kit, handouts, certificate of attendance)

DISCOUNT: 10% Discount if FULL AMOUNT is paid at least five (5) days before the event.

MODE OF PAYMENT:

  • Deposit payment at Banco de Oro. FAX deposit slip (indicate name of participant and seminar title) to confirm reservation.
  • On-site payment (CASH only)
  • Company checks are accepted, provided that they are received at least five (5) banking days before the event.

RESERVATION: Please call telephone 225.66.16 , 0926.622.0768 or 0933.584.7266. For other inquiries, kindly send a message by filling-up the form below.

CANCELLATION BY ATTENDEE: Registrant may refund amount paid, with less 30% processing charge from the LISTED AMOUNT within 30 days, or opt to use the payment for a seminar of equal value within 60 days. Cancellation must be done at least 2 days before the event. Non-appearance or failure to inform us of cancellation will result to forfeiture of full amount paid.

CANCELLATION BY BUSINESSCOACH: Registrant may refund full amount paid within 30 days, or may opt to use the payment for a seminar of equal value within sixty days of cancellation.

REFUND POLICY: Payment may be refunded upon presentation of the original copy of bank deposit slip and a valid ID. Cash refund is strictly implemented, and may be availed only at the BusinessCoach office in San Juan City, Metro Manila. BusinessCoach does not deposit refunds.

SCHEDULE: Schedule may change without prior notice. Please call to confirm. BusinessCoach, Inc. is not liable for any expense incurred by seminar registrant resulting from cancellation of any of our events.


How to Start and Operate a Pawnshop

February 10, 2010

How to Start and Operate a Pawnshop 

Focus: pawnshop seminar, pawnshop business, how to start a pawn shop, pawnshop training, pawnshop operation, pawn shop

TIME: 9:00 am – 4:00 pm

VENUE: Unit 201 Richbelt Tower, 17 Annapolis St., Greenhills, San Juan City, Metro Manila

SCHEDULE: Please call (632) 225.66.16  or call/text mobile numbers 0926.622.0768   or   0933.584.7266. You may also click here to view schedule of the Business Training Program

KEY TOPICS:

I. Overview of the pawnshop business
II. Required Capitalization for starting a pawn shop
III. Finding the Best Location
IV. Business Name (Registration with DTI / SEC)
V. Business Permit (with Local Government Units and BSP)
VI. BIR Compliance
VII. Gold Pricing
VIII. Gold Testing Kit
IX. Gold Testing Procedure
X. Procedures: Other Items for Pawn (cellphones, mp3s, television sets, dvds, laptops, etc.)
XI. Pawnshop Equipments and Forms

SEMINAR FEE: Php 3,000 per person (inclusive of snacks, lunch, handouts, certificate of attendance)

DISCOUNT: 10% Discount if FULL AMOUNT is paid at least five (5) days before the event.

MODE OF PAYMENT:

  • Deposit payment at Banco de Oro. Savings Account Name: BusinessCoach, Inc. Then kindly fax deposit slip (indicate name of participant and seminar title) to confirm reservation.
  • On-site payment (CASH only)
  • Company checks are accepted, provided that they are received at least five (5) banking days before the event.

RESERVATION: Please call telephone 225.66.16 , 0926.622.0768  or  0933.584.7266. For other inquiries, kindly send a message by filling-up the form below.

CANCELLATION BY ATTENDEE: Registrant may refund amount paid, with less 30% processing charge from the LISTED AMOUNT within 30 days, or opt to use the payment for a seminar of equal value within 60 days. Cancellation must be done at least 2 days before the event. Non-appearance or failure to inform us of cancellation will result to forfeiture of full amount paid.

CANCELLATION BY BUSINESS COACH: Registrant may refund full amount paid within 30 days, or may opt to use the payment for a seminar of equal value within sixty days of cancellation.

REFUND POLICY: Payment may be refunded upon presentation of the original copy of bank deposit slip and a valid ID. Cash refund is strictly implemented, and may be availed only at the Business Coach office in San Juan City, Metro Manila. Business Coach does not deposit refunds.

SCHEDULE: Schedule may change without prior notice. Please call to confirm. Business Coach, Inc. is not liable for any expense incurred by seminar registrant resulting from cancellation of any of our events.


How to Organize and Set-Up Your Own Business

February 10, 2010

INVITATION TO ATTEND A SEMINAR

Dear Sir/Madam,

BusinessCoach, Inc., a provider of quality business training, which would enhance skills and contribute to career and entrepreneurial success, cordially invites you to attend a seminar. Details are listed as follows:

SEMINAR TITLE: How to Organize and Set-Up Your Own Business

TIME: 9:00 am – 4:00 pm

VENUE: Unit 201 Richbelt Tower, 17 Annapolis St., Greenhills, San Juan City, Metro Manila

SCHEDULE: Please call (632) 496.69.49 or call/text mobile numbers 0926.622.0768   or   0933.584.7266. You may also click here to view schedule of the Business Training Program

OBJECTIVE: The course will enable the participants to know the things needed before starting a business. The course will be a great and valuable tool for any prospective business owner, whether it is micro, or small business enterprise.

KEY TOPICS:
I. Self-Analysis: Are you entrepreneurial?
II. Considering other factors that will affect your business
III. Determining your products/service, line and type of business
IV. Writing an effective business plan
V. Determining financial requirements of the business
VI. Seeking sources of capital
VII. Choosing the site/location of your business
VIII. Registering your business
IX. Recruiting/training your employees
X. Getting your business started

SEMINAR FEE: Php 3,000.00 per person (inclusive of snacks, lunch, drinks, seminar kit, handouts, certificate of attendance)

DISCOUNT: 10% Discount if FULL AMOUNT is paid at least five (5) days before the event.

MODE OF PAYMENT:

  • Deposit payment at Banco de Oro. Savings Account Name: BusinessCoach, Inc. Then kindly fax deposit slip (indicate name of participant and seminar title) to confirm reservation.
  • On-site payment (CASH only)
  • Company checks are accepted, provided that they are received at least five (5) banking days before the event.

RESERVATION: Please call telephone 496.69.49, 0926.622.0768  or  0933.584.7266. For other inquiries, kindly send a message by filling-up the form below.

CANCELLATION BY ATTENDEE: Registrant may refund amount paid, with less 30% processing charge from the LISTED AMOUNT within 30 days, or opt to use the payment for a seminar of equal value within 60 days. Cancellation must be done at least 2 days before the event. Non-appearance or failure to inform us of cancellation will result to forfeiture of full amount paid.

CANCELLATION BY BUSINESS COACH: Registrant may refund full amount paid within 30 days, or may opt to use the payment for a seminar of equal value within sixty days of cancellation.

REFUND POLICY: Payment may be refunded upon presentation of the original copy of bank deposit slip and a valid ID. Cash refund is strictly implemented, and may be availed only at the Business Coach office in San Juan City, Metro Manila. Business Coach does not deposit refunds.

SCHEDULE: Schedule may change without prior notice. Please call to confirm. Business Coach, Inc. is not liable for any expense incurred by seminar registrant resulting from cancellation of any of our events.


How to Operate a Resort in the Provinces

February 10, 2010

INVITATION TO ATTEND A SEMINAR

Dear Sir/Madam,

BusinessCoach, Inc., a provider of quality business training, which would enhance skills and contribute to career and entrepreneurial success, cordially invites you to attend a seminar. Details are listed as follows:

SEMINAR TITLE: Operating a Resort in the Provinces

TIME: 9:00 am – 4:00 pm

VENUE: Unit 201 Richbelt Tower, 17 Annapolis St., Greenhills, San Juan City, Metro Manila

SCHEDULE: Please call (632) 496.69.49 or call/text mobile numbers 0926.622.0768   or   0933.584.7266. You may also click here to view schedule of the Business Training Program

KEY TOPICS:

I. Overview of the business
II. Planning and Setting-Up
III. Investment
IV. Structural Design
V. Operation and Management
VI. Guest Rooms, Front Office, Housekeeping
VII. Amenities
VIII. Promotion
IX. Key Success Factors

SEMINAR FEE: Php 3,000.00 per person (inclusive of snacks, lunch, drinks, seminar kit, handouts, certificate of attendance)

DISCOUNT: 10% Discount if FULL AMOUNT is paid at least five (5) days before the event.

MODE OF PAYMENT:

  • Deposit payment at Banco de Oro. Savings Account Name: BusinessCoach, Inc. Then kindly fax deposit slip (indicate name of participant and seminar title) to confirm reservation.
  • On-site payment (CASH only)
  • Company checks are accepted, provided that they are received at least five (5) banking days before the event.

RESERVATION: Please call telephone 496.69.49, 0926.622.0768  or  0933.584.7266. For other inquiries, kindly send a message by filling-up the form below.

CANCELLATION BY ATTENDEE: Registrant may refund amount paid, with less 30% processing charge from the LISTED AMOUNT within 30 days, or opt to use the payment for a seminar of equal value within 60 days. Cancellation must be done at least 2 days before the event. Non-appearance or failure to inform us of cancellation will result to forfeiture of full amount paid.

CANCELLATION BY BUSINESS COACH: Registrant may refund full amount paid within 30 days, or may opt to use the payment for a seminar of equal value within sixty days of cancellation.

REFUND POLICY: Payment may be refunded upon presentation of the original copy of bank deposit slip and a valid ID. Cash refund is strictly implemented, and may be availed only at the Business Coach office in San Juan City, Metro Manila. Business Coach does not deposit refunds.

SCHEDULE: Schedule may change without prior notice. Please call to confirm. Business Coach, Inc. is not liable for any expense incurred by seminar registrant resulting from cancellation of any of our events.


Internet Marketing Seminar

February 10, 2010

Internet Marketing Seminar

Focus: internet marketing seminar program, make money online, seo training, internet marketing course

TIME: 9:00 am – 4:00 pm

VENUE: Unit 201 Richbelt Tower, 17 Annapolis St., Greenhills, San Juan City, Metro Manila

SCHEDULE: Please call (632) 225.66.16  or call/text mobile numbers 0926.622.0768   or   0933.584.7266. You may also click here to view schedule of the Training Program

ORGANIZER: BUSINESS COACH, INC.

KEY TOPICS:

1. Introduction

a. Internet Population in the Philippines
b. Success Stories – Online Business

2. Basic consideration

a. The Internet and Marketing Concepts
b. Advantages of Internet Marketing
c. Internet Marketing Requirements and Concepts

  • Domain Registration
  • Web Hosting
  • Do-it-yourself website
  • Search Engine Optimization (SEO)
  • Online Advertising
  • E-commerce
  • Online payment Gateway

d. Recognizing Scammers
e. Importance of Creating Multiple Streams Income from Online Exposure

3. Internet Opportunities

a. Blogging
b. Advertising page/server
c. Paid Outsource Service
d. Affiliate Marketing
e. Online Selling
f. Domain Parking
g. Social Networking

4. ACTIVITIES: Defining your sales process

a. How to automate your online marketing?
b. Mastering E-mail Marketing
c. Forum marketing
d. Online advertising

SEMINAR FEE: Php 3,000 per person (inclusive of snacks, lunch, drinks, seminar kit, handouts, certificate of attendance)

DISCOUNT: 10% Discount if FULL AMOUNT is paid at least five (5) days before the event.

MODE OF PAYMENT:

  • Deposit payment at Banco de Oro. Savings Account Name: BusinessCoach, Inc. Then kindly fax deposit slip (indicate name of participant and seminar title) to confirm reservation.
  • On-site payment (CASH only)
  • Company checks are accepted, provided that they are received at least five (5) banking days before the event.

RESERVATION: Please call telephone 225.66.16 , 0926.622.0768  or  0933.584.7266. For other inquiries, kindly send a message by filling-up the form below.

CANCELLATION BY ATTENDEE: Registrant may refund amount paid, with less 30% processing charge from the LISTED AMOUNT within 30 days, or opt to use the payment for a seminar of equal value within 60 days. Cancellation must be done at least 2 days before the event. Non-appearance or failure to inform us of cancellation will result to forfeiture of full amount paid.

CANCELLATION BY BUSINESS COACH: Registrant may refund full amount paid within 30 days, or may opt to use the payment for a seminar of equal value within sixty days of cancellation.

REFUND POLICY: Payment may be refunded upon presentation of the original copy of bank deposit slip and a valid ID. Cash refund is strictly implemented, and may be availed only at the Business Coach office in San Juan City, Metro Manila. Business Coach does not deposit refunds.

SCHEDULE: Schedule may change without prior notice. Please call 1 day before the seminar event. Business Coach, Inc. is not liable for any expense incurred by seminar registrant resulting from cancellation of any of our events.


How to Start a Money Changing Business

February 10, 2010

How to Start a Money Changing Business

Focus: how to operate money changer business, how to put up money changer business, how to start a money changer business, money changer seminar

TIME: 9:00 am – 4:00 pm

VENUE: Unit 201 Richbelt Tower, 17 Annapolis St., Greenhills, San Juan City, Metro Manila

SCHEDULE: Please call (632) 225.66.16  or call/text mobile numbers 0926.622.0768   or   0933.584.7266. You may also click here to view schedule of the Training Program

KEY TOPICS:

I. Definition and scope of money changer business
II. Capitalization required
III. Factors to consider in selecting a location
IV. Basic business permits
V. Bangko Sentral ng Pilipinas (BSP Requirements)
VI. Anti-Money Laundering Act (AMLA)- How to maintain compliance
VII. Staff requirements
VIII. Equipment required to operate a money changer
IX. Money changer store lay-out
X. Convertible and non-convertible currencies
XI. Currency pricing and buyers
XII. Computations
XIII. How to detect counterfeit currency
XIV. Basic money features
XV. Security features of Philippine Peso
XVI. Security features of U.S. Dollar
XVII. Other convertible currencies (Thailand Baht, Bahrain dinar, Brunei dollar, Euro, Hong Kong Dollars, Korean Won, Malaysian Ringgit, Australian dollar, New Taiwan Dollar, New Zealand Dollar, Singapore Dollar, Saudi Riyal, Switzerland Franc, UAE Dirhams, Great Britain Pounds, Canadian dollar)
XVIII. Basic Money Changer Operations
XIX. Remittance Center as an additional source of revenue
XX. Workshop – security features of different currencies

SEMINAR FEE: Php 3,000.00 per person (inclusive of 2 snacks, lunch, handouts, seminar kit, certificate of attendance)

DISCOUNT: 10% Discount if FULL AMOUNT is paid at least five (5) days before the event.

MODE OF PAYMENT:

  • Deposit payment at Banco de Oro. Savings Account Name: BusinessCoach, Inc. Then kindly fax deposit slip (indicate name of participant and seminar title) to confirm reservation.
  • On-site payment (CASH only)
  • Company checks are accepted, provided that they are received at least five (5) banking days before the event.

RESERVATION: Please call telephone 225.66.16 , 0926.622.0768  or  0933.584.7266. For other inquiries, kindly send a message by filling-up the form below.

CANCELLATION BY ATTENDEE: Registrant may refund amount paid, with less 30% processing charge from the LISTED AMOUNT within 30 days, or opt to use the payment for a seminar of equal value within 60 days. Cancellation must be done at least 2 days before the event. Non-appearance or failure to inform us of cancellation will result to forfeiture of full amount paid.

CANCELLATION BY BUSINESS COACH: Registrant may refund full amount paid within 30 days, or may opt to use the payment for a seminar of equal value within sixty days of cancellation.

REFUND POLICY: Payment may be refunded upon presentation of the original copy of bank deposit slip and a valid ID. Cash refund is strictly implemented, and may be availed only at the Business Coach office in San Juan City, Metro Manila. Business Coach does not deposit refunds.

SCHEDULE: Schedule may change without prior notice. Please call to confirm. Business Coach, Inc. is not liable for any expense incurred by seminar registrant resulting from cancellation of any of our events.