Tag: Filipino entrepreneurs

Q: I have read many articles about businesses that need to be game changers. How do I do that?

I am an Overseas Filipino Worker or OFW. How do I prepare when I want to return to the Philippines?

More people have started to realize the need to create another source of income to get by on their everyday needs. And for some, the simplest way to start a business is through franchising.

Franchising has been used by the business world for over a hundred years. In 1888, Matilda Harper laid down the foundation of business format franchising without even knowing that indeed she started a “ gold rush” so to speak among business entrepreneurs.

Exactly three decades ago, I was exposed to the world of being an Overseas Contract Worker (OCW). At that time, short for any terminology, all Filipinos leaving the country under a contract were known by those three letters. It was during this experience that I realized what our fellow Filipinos were exposed to.

So many entrepreneurs may have lost hope in resurrecting their businesses. And I can’t blame them for feeling that way because the whole world was hit pretty hard by the pandemic. The good thing is, that we are slowly gaining traction as the government eased up on the quarantine classification in each city. However, not all entrepreneurs may be as enthusiastic because of their significant loss in business.

We all dream of elevating the kind of life we used to have. Improving the quality of living for our family is our primary goal. The only way that this could be possible is when we put both our heart and mind into something that will eventually flourish into something positive.

Hawaii’s Filipino Chamber of Commerce celebrated its 68th year of serving the business community as the largest and oldest chamber in the United States.

How do you make use of your hard-earned money?

Suppose there is one thing that I should be grateful for. In that case, that will be how I have trained myself to see more of the beauty that life can offer rather than be disheartened by the numerous obstacles that came my way. Bumping into a quote that Thomas A. Edison once said, “I never did a day’s work in my life. It was all fun.”

The idea of building a better future is a good start. It’s just a matter of how you can make that possible. Taking that leap from being an employee or stay-at-home mom to an entrepreneur can genuinely be risky and scary. So, as I have always advised my clients, it should always start with a good set of goals and a great business plan. However, having a solid business plan may not be a guarantee that your business will not fall off the cliff due to overspending. Why? Because there are things that you, as an entrepreneur, should look into to ensure that you are walking on the right path. And, unfortunately, some entrepreneurs rarely realize the mistake until it gets them down the hole. Missing out the overspending for months or years can significantly affect the business, leading to its collapse.

You dream of having your own home and a car….at least that is what most people dream about. But your nine-to-five job may not be enough to put food on your table and provide everything your family needs. Even though how many long hours of work you do, it won’t be enough. What should you do? Would you let your job just rob you of your life?