Mar 072017
 
Tips on growing a second income

Armando Bartolome If the amount an employee earns from a 9-to- 5 job isn't enough to provide for the family, there are other ways to add to the income by engaging in a small business. According to the National Wages and Productivity Commission of the Department of Labor, an employee working in the National Capital Region receives P491 a day. That amount may not be enough to provide the basic needs of a family with three children. AN EMPLOYEE’S GOAL Not having enough capital to start a business is the primary reason why an employee gets stuck with just a single means of earning.  You may have seen from some offices employees selling products to add to their income. While some companies do not allow this, some employees still find a way to earn through a small business.  Another possible means where one can earn more is by selling products through networking. There are legitimate networking businesses in the Philippines that help many people increase their means of living.  Not really focusing on converting people into millionaires, but there are products that can be easily sold because of the great benefits that they provide the user. Just be sure to engage with legitimate businesses.  Prior to joining a networking business, you may need to pay a fee equivalent to a starter kit that you can eventually sell. Joining fees depend on the networking business you want to be involved with. AN OFW’S OPPORTUNITY Working overseas has some advantages and disadvantages. Read More …

Feb 272017
 
Tips on empowering franchisees for growth

Armando Bartolome Marketing training will help franchisees succeed and at the same time, grow the franchise. The right marketing skills is at the core of every business. That is why franchisors should be able to provide the right training. When you thought of having your business franchised, have you also thought that more than accepting their payment, you have an obligation to help them market your brand? Before you even try to take that step, allow yourself, as franchisors, to become fully aware on how you can expand the business. There are workshops on how to recruit more franchisees, spending right, improving franchise marketing skills, and tapping social media to recruit more franchisees and grow sales. Once you are able to figure out all of these, you may be able to start training for your new franchisees and focus on how you can help them succeed in the business. Involve a third party expert for training. Never expect that your franchisees are experts in the field of marketing. Some may have just wanted to start with the business and carefully learn from it with your help. You may also want to hire a third party expert to train your own team that can eventually be the people to train future franchisees. This may mean added cost to the franchisor, but this will make franchisees feel important. Encourage old franchisees to talk to new franchisees. They can help boost the confidence of the new franchisees by sharing their experiences. Always encourage all your Read More …