Do you have what it takes to be one of the country's Top 10 Entrepreneurs?
If you do or know one who deserves to be recognized, submit a nomination in the 2007 Entrepreneur 10 Search sponsored by Entrepreneur Philippines Magazine.
The DHL Young Entrepreneurs for Sustainability Awards (DHL YES Awards) is an awards program that seeks to recognize and promote young social entrepreneurs in Asia working towards the UN Millennium Development Goals.
In the inaugural year, 2007, the Awards will initially take place in five countries in the Asia Pacific region – Bangladesh, Pakistan, The Philippines, Singapore and Thailand.
What are the UN Millennium Development Goals?
The eight (8) Millennium Development Goals (MDGs) whichform a blueprint agreed to by the world’s countries and leading development institutions galvanizing unprecedented efforts to meet the needs of the world’s poorest by 2015.
The 8 UN MDGs are:
The HSBC Young Entrepreneur Awards encourages and rewards brilliant entrepreneurial thinking from the youth. It is open to all full time Filipino university students (aged 25 or below as of 31 March 2007) from public and private colleges and universities in the Philippines.
The following, however, are not eligible:
Competition Details
The local competition runs from October 2006 to March 2007 and will be divided into four rounds.
What to Do When You Want to Give Up
Any successful entrepreneur will tell you that starting a business isn't always a smooth ride. Doors close. People object. Stuff happens. Here are some 10-minute actions you can take when you feel like throwing in the towel and walking away from your dream.
Creative Ways to Find 10 Minutes
Your day is already scheduled with everything you should do and need to do. Making time for something you want without compromising other tasks can be difficult, but it doesn't have to be. Here are some creative ways to find 10 minutes to start building the business you've always dreamed about.
- Excerpts from "Got a Minute?" by Cornelia M. Flannery, published on the September 2006 issue of Entrepreneur Magazine
[tags]Pinoy entrepreneurs, forum, Philippines, entrepreneurship tips, guide[/tags]
Nobody can miss it: The vibrant orange extension of the house in Masambahin corner Mapagkawanggawa Streets in Teachers Village East. The place does not even have a signage, just two banners — one says Pinggan #25 Food House; the other proclaims the place’s best sellers — lumpiang ubod and other home-cooked specialities.
The neighborhood restaurant, a dream of Ana Jose, business administration graduate of Miriam College, has been around since Aug. 21, 2001.
The homey restaurant can seat 20 indoors and 30 in the open area. Here, neighboring residents, NGO office workers and other nearby office workers drop by for a hot lunch Mondays to Saturdays except holidays. But it is in the delivery service that Pinggan is known for.
Pinggan delivers, cash-on-delivery (COD), phoned-in orders within Teachers Village, UP Village and Sikatuna for free. At first delivery was on foot, then by bike and now by motorcycle. Delivery time is from 10:30 a.m. to 1:30 p.m.
There is a minimum of P100 worth of orders for deliveries, but this rule is not followed, Ana admits. Even one or two dishes are delivered as long as it’s on the way to other deliveries.
Being a neighborhood restaurant, Ana uses affordable pricing. Fish like tilapia and galunggong, and everyday vegetables like kalabasa and sitaw go for P25. Beef, pork and chicken regularly go for P40 per serving, more for specialty shellfish or meats like grilled lomot (P70), grilled stuffed bangus (P90), callos (P55), kare-kare (P75) and lengua (P65).
To strengthen its foothold in the domestic skin care market and to develop more entrepreneurs in our country, Godiva Inc. is offering franchising opportunities with its two business models, the Godiva Cart/Kiosk and Godiva Skin Station.
The Godiva cart franchise requires an initial investment of P350,000 and a payback period of one to two years, depending on the location. The Godiva cart is a 1.5 m x 2 m unit located in select mall locations with high foot traffic exclusively selling distinctive Godiva natural skin care products.
Godiva natural skin care pioneered the launch of licorice-based skin whitening line in 1996. Ten years after, Godiva’s product lines have grown to more than 40 SKUs with more in the pipeline that will surely surprise the market for their innovativeness. From skin whitening, Godiva has developed natural anti-aging, anti-acne, and sun care products.
The franchise for Godiva Skin Station is open to investors willing to devote time and resources in pre-approved locations in Timog, Binondo, Ortigas, Greenhills, North Edsa and Libis. Provincial sites in Cebu City, San Fernando, Pampanga and Davao are also available for franchising. Total investment is from P3.5 million to P4.5 million.
Godiva has two company-owned Skin Station in SM Fairview and Makati Bel-Air. A third branch will open this December in Alabang by its first franchisee.
Godiva Skin Station offers facials and body treatment services using specially formulated Godiva products. It is different in that it focuses on high value services, treatments and procedures performed by in-house dermatologists and highly-trained aestheticians. This results in faster payback of from 1.5 to 2 years.
Godiva Inc. engaged the services of GMB Franchise Consultancy, whose long list of successful clients include Figaro Coffee, to ensure the success and professional implementation of the Godiva franchise concepts.
For inquiries, call 890-9845.
- From "Ways for Juan de la Cruz to make money" by Ronnel Domingo, published on http://business.inq7.net
Daniel Bonifacio has gone a long way from cleaning rooms and mopping floors of a commercial bank. That was P77,000 ago.
Nowadays, the former janitor is busy with his sari-sari store and wholesale business, put up with micro-financing through the Center for Community Transformation Credit Cooperative or CCT.
"I have four kids and I believed then I could not put them through school with a janitor's salary," Tatay Daniel says.
"So I started selling fruits with P700 in capital, which was not enough," he relates. "Fortunately, I was able to join CCT and was allowed to borrow P2,000."
Tatay Daniel expanded his product line to charcoal and other articles that the urban poor like him needed.
"I took good care of that first loan, paying diligently because I know that's the way for me to stay in business," he says. "Later on, I was able to borrow P5,000."
Here's one "best" practice entrepreneurs won't learn in any school: If you've tried all options and yet debtors still aren't paying, try shaming them.
Bartolome Malacura, a 70-year old sari-sari (retail) store owner in Davao, did precisely this by advertising the names of his debtors in front of his store. Believe it or not, the plan worked, said Mr. Malacura. Read on.
If you think you have an innovative business idea but don't have funds to execute it, Enterprize 2006 might just be what you are looking for.
Enterprize 2006, sponsored by brokerage firm AAA Commercial Broker and Consultancy Inc. (ACBCI), presents a "platform for all those who have a business idea, a new technology, or a gap in the service market… to present their Business Ideas to a wide public and to be given a chance to realize them."
More than P1 million is at stake for the winner and a chance to be matched with venture capitalists who might be interested to invest long-term in the business. Aside from the cash prize, the contest also aims to teach participants how to make a good business plan in order to attract capitalists.
Nominations are now open for the Entrepreneur of the Year Philippines 2006 Awards. The Entrepreneur of the Year (EOY) Awards is a prestigious annual search started in the US by Ernst & Young in 1986, but has now spread to more than 40 countries in six continents.
The aim of EOY is to identify, acknowledge, and encourage entrepreneurs who, through their energy and passion, help bolster their country's economy, underpin the future, and create wealth and employment for many people.
In the Philippines and in other countries, the program generates hundreds of nominations from outstanding companies year after year. Several business people are recognized in the annual country awards, with the program culminating in the World Entrepreneur Of The Year Awards. The first Philippine Entrepreneur of the Year (2003) was Mr. Tony Tan Caktiong of Jollibee Foods Corporation who went on to win the World Entrepreneur of the Year 2004 Award.
