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Negosyong Pinoy

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Starting A Business

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Condura Guide To Starting Your Own Business

Step 1

Plan Your Business

Make your “negosyo” feasible and functional in the long run by planning it properly.

  • Spot your potential clientele

  • Identify their needs that your enterprise can address

  • Determine your firm’s requirements, including the capital, taxes, license, and receipts

Further Reading:

First Step to Starting Your Negosyo: Plan your Business

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Step 2

Supplier Sourcing

A reliable supplier can lessen the possible lossof earnings through these best practices:

  • Providing excellent-quality goods

  • Offering reasonable prices

  • Delivering orders on time

Further Reading:

Supplier Sourcing: Finding the Right Supplier for Your Business

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Step 3

Register Your Business

Avoid legal issues that can disrupt your operations byfollowing government requirements for businesses.

  • Business Registration – DTI (sole proprietorship), SEC (partnership and corporation), and CDA (cooperatives)

  • Mayor’s Permit

  • Municipal License

  • SSS, BIR, and DOLE filings

Further Reading:

Online Business Registration in the New Normal

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Step 4

Finance Your Business

Handling your finances wisely guarantees your “negosyo’s” survival.

  • Minimize expenses

  • Keep business and personal funds separate

  • Avoid credit with high interest rates

Further Reading:

Ways to Raise Money for Your Business

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Step 5

Sustainability of Business

Appropriately manage your “negosyo’s” operationsto ensure its longevity.

  • Set measurable business goals

  • Keep your enterprise’s activities aligned with its objectives

  • Carefully monitor your income and expenditures

Further Reading:

Sustain Your Business Growth by These 4 Tips

Read More
Step 6

Business Expansion

Visualize how your “negosyo” will be in the succeeding years.

  • Determine the steps you will take to achieve the future you envisioned for it

  • Improve your existing products and services

  • Plan for new goods and services

Further Reading:

Helpful Methods to Help You Expand Your Business

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