Tuesday, August 10, 2010

Welcome to the Reality of Business Budgets and Planning

Plan for the worst, not the Best!

If you had a business plan before starting your business, you can avoid problems as early as possible. A business plan helps you to anticipate your capital needs. And even without the guidance of a business plan, you should have a realistic feel of your capital needs even before profits starts to flow-in. And by setting budgets that are realistic and honest is the most basic yet difficult. We need to know exactly how much it will cost to run our business and thus how much money we will need to cover those costs.

Wednesday, August 4, 2010

Does Your Circle of Influence a “Gain” or “Drop-off” to Your Success?

Have you experienced being unlucky with your new home-based business opportunity, distributorship, or even a small franchise only to find out that the success you’ve been expecting were not taken into reality? I feel for you; however, you’re not alone. There’s a lot of people experienced venturing into a business only to NOT see the right Circle of influence you were sold on. That positive air in your environment was not there anymore.

Saturday, July 24, 2010

Absurd concept of duplication in MLM

Duplication in MLM has received so much positive push. Most Upline would suggest that their brilliancy in network marketing experience is the only proper way to do in order for you to be successful; all you have to do is to follow what they’ve told you and “be coachable” (sounds familiar?). Why so much good press on duplication?

Duplication is not quite important as others believe, in my opinion. Entrepreneurs are by their very nature innovative, creative and individualistic. One of the biggest fallacies in MLM is that we should attempt to force creative people to use systems which they don’t line and often can’t copy. Let’s face the fact that entrepreneurial innovation, not organization duplication that works is important.

Sunday, July 18, 2010

Undercapitalized business---and you’re dead!

I have bought my business for PHP 100,000 investment. Amongst all of my business, this is the most expensive one. (For a starter like me).This is actually my 3rd business. My first business started at PHP4, 000 and my 2nd started around PHP50, 000. Both did not need huge amount of money since it requires services. The day came when I decided to invest to this company worth PHP100, 000 using other people’s money.  So I borrowed from my mother and I handed over the cash to the cashier and purchased my products and suddenly I was running my own “new business”. I felt pretty pleased with myself!

Monday, July 12, 2010

See How Easily you can be Scammed in Facebook

Everybody knows about this site, who doesn’t?   Facebook is a great way to meet friends and keep up on what they are doing. Once you add a friend to your Facebook friend list you will always know when they are adding things to their blog or updating their profile. The website currently has more than 400 million active users global.  As Facebook has developed in name, it has also become a main aim for hackers and spammers. An increasing number of Facebook users are having their accounts affected. Each newly compromised account is then used by the hackers and scammers to spread their scam further. If you are caught off guard for a second, you may have the possibility to fall for one of these scams.

Saturday, June 26, 2010

Victims of Dating Scams are Stupid

Online dating scams are huge at the moment. I have seen my friends signing-up to different online dating sites for the purpose of having their dream husbands to marry them and give them the luxury of money they need. The Philippines has many pretty ladies and many of them use the internet to find a mate, especially a guy from the United States. They converse good English and many have dreams of moving to the U.S. Since Philippines are considered a poor country and even very qualified people find it difficult to find a better job. Even if they do find a job, it is usually not highly paid. This makes them otherwise take an option to leverage from the internet specifically to Online Dating Sites.
If you are going to use the internet for online dating then it is very important you learn to know the signs of an online dating scam. So what can we do to protect ourselves against these online dating scams?
Well, here are five quick tips to help ensure you don’t get caught out. always, these scams are mainly men scamming women, but of course, it happens both ways, so this advice is for everyone!

Sunday, June 20, 2010

8 Concepts You Need to Ask Before Joining a Network Marketing/Direct Selling

Today, most direct selling/network marketing companies in the Philippines are on the rise. And so are those illegal pyramiding scams.
As a good citizen, it is our duty to make our due diligence before joining such entities.
For those who would want to join or are just planning to venture into Network Marketing or Direct Selling it would be advisable to know How to differentiate a legitimate direct selling/network marketing company from pyramiding using the 8-point Test.
But first, let us define the following:
Definition of Direct Selling, Network Marketing and MLM vs. Pyramiding
Direct Selling/ Network Marketing is face-to-face selling to the consumers through independent distributors or sales people. It is a legitimate marketing medium that is used to sell practically anything.
Pyramiding is an illegal money scam often confused with legitimate network marketing plans, where people are convinced to pay money for a chance to profit from the payments of others who might join later.
How to differentiate a legitimate direct selling company from pyramiding using the 8-point Test