Oct 182017
Armando Bartolome
Armando Bartolome

Everyone wants to have a comfortable life and financial independence. The question is: how do you make that happen?

Avoiding debt by spending within your means is a start. But there is more to it than merely holding on to your money.

How did successful people do it? Here are 7 simple tips.

  1. Keep learning. Learning does not stop after you step out of college. It is a continuous process of growing as a person. Joining training workshops allows you to explore new things, which can help you on the road to success.
  2. Choose a job that matches your skills. My advice to parents is to talk to their children about choosing a career that will truly fit their skills and complement whatever they learn in school.
  3. Become the best person that you can be. Great people always find time to improve themselves. This will assure you of having a better standing in your company.
  4. Diversify your income. Getting rich is difficult if you tie yourself to a single income. Consider engaging even in just small businesses like food carts or online selling. The nice thing about these businesses is they don’t require you to shell out a huge sum of money as capital.
  5. Invest. Putting money in the stock market may not be that common among average-income families. However, there are other forms of investments which they can take part in. Some of these are:
    • Savings and checking accounts
    • College Investment Fund
    • Retirement Fund
    • Insurance
    • Real Estate
  6. Persevere in your career. Many big time businessmen started out as employees or proprietors of small businesses. But they persevered and never lost focus. There will be times that you will be confronted with adversities, but if you focus on a bigger goal, you realize that it is all part of the game.
  7. Stay positive. Never surround yourself with people that will only drag you down. Surround yourself with people that exude positivity and you are more likely to become inspired and do things that will make you happy. Be with people that can motivate you to become better.

Are you cut out to be the next millionaire? Nothing is impossible when you have the right mindset and discipline.

Get his latest book “35 Tips On Business” available on E-book and paperback at www.amazon.com

(Armando Bartolome is known as the Philippines’ Franchise Guru, a business mentor to numerous micro entrepreneurs who are now themselves big names in the industry. This article is reposted with the author’s permission and was previously published on The Business Mentor column posted by ABSCBN News. For questions and more information, you may contact Armando “Butz” Bartolome by email: philfranchiseguru@gmail.com or on Twitter @philfranguru. His website is www.gmb.com.ph)

The post 7 How To Get Rich Tips from Successful People appeared first on Good News Pilipinas.

Oct 072017
18 Benefits of Having and Being a Mentor

Armando Bartolome You may be familiar with the popular book “Rich Dad, Poor Dad” written by Robert Kiyosaki. I often cite this book as an example of how people have differing views about life. Parents always remind their kids about the value of education. For sure, when we don’t take education seriously, we lose much from life. But success in any business is a combination of many factors. One of the keys to success is learning more and more about your business. Not everything is learned in school and learning does not stop when you step out of the classroom. The wealth of experience of certain individuals is a good source of wisdom for entrepreneurs and aspiring entrepreneurs alike. What is a mentor? A mentor is a professional who shares knowledge and advice and helps a business grow. The relationship benefits entrepreneurs, employees and the mentor in many ways. My years of being in the business has allowed me to help many who, I am proud to say, have established well-known brands in the Philippines. This is the reason why I love what I do. A mentor acts as a guide and provides valuable information that can help an entrepreneur manage his business better. Here are some of the things a mentor does: Educates the mentee on how to accept feedback in important areas, such as communications, technical abilities, change management, and leadership skills Helps the mentee better understand the organization’s culture and unspoken rules, both of which can be Read More …

Oct 022017
5 Advantages of Young Entrepreneurs

Armando Bartolome We all want to live with a sense of purpose. We want better lives for our families, as well as happiness and satisfaction with the things that we do. Having a business helps us do these things. Some of us, at a very young age, may have already realized that we want to start our own business. The reasons for wanting to plunge into entrepreneurship may be motivated by financial need, the desire to be your own boss, involvement in the family business, or the drive for a sense of accomplishment. College students taking up a business course are expected to come up with their own unique business as part of their school requirements. Many of these students realize that these concepts can actually be profitable, and they turn them into real businesses as soon as they graduate from college. Many of these small businesses that we see today are owned by young entrepreneurs. Some of the most successful businesses also started out as small enterprises being run by young people. What are the advantages building your own business at a young age? There are several, some of which are: Young entrepreneurs can more easily adapt to any kind of environment, age, and culture. Young entrepreneurs have more energy, motivation, enthusiasm and creativity. The younger you are, the better you are at tolerating risk. Young people are also more resilient and are unlikely to give up until they reach their goal. Most young entrepreneurs who truly love what Read More …

Sep 212017
6 Ways To Be a Better Engaged Leader

Armando Bartolome Some people wonder if it’s possible for a results-driven leader to build a relationship with his employees and have fun while at work. The drive to see results can make a leader cold-hearted; but thankfully, many successful entrepreneurs have realized that it’s important to have a heart despite having to implement strict rules for the success of the company. Young leaders usually excel in running an effective and fun workplace. Compared to older executives, managers who are 30 years old or younger are at least 2-3 times more likely to be effective at balancing the need to deliver results while still being ‘approachable’ to employees.Additionally, those who are 40 years old and above appear to be more results-driven. You may have witnessed it yourself when you get to talk to young executives or managers–they are easier to talk to compared to older executives. Young managers are also strong-willed but they still make their employees feel valued. Older executives, on the other hand, are more interested in building a strong persona, assuming that this will help them influence others. But older managers would also benefit from improving their people skills, even if they don’t completely realize it. If you want to become a better more engaged leader, here are a few tips. Develop Great Communication Skills Former Apple CEO Gil Amelio wrote that developing excellent communication skills is absolutely essential to effective leadership. “The leader must be able to share knowledge and ideas to transmit a sense of urgency Read More …

Sep 072017
Stress Management for Busy Entrepreneurs

Entrepreneurs are busy people. They carry a lot of burden on their shoulders and have a lot of tasks that keep them on their toes. But sometimes, businessmen may be so focused on making the business succeed that they lose sight of their family, friends, and even their selves. Sometimes, their busy schedule causes misunderstandings with their loved ones. And sometimes they are weighed down by the stress of keeping the business going. Entrepreneurs can suffer from anxiety and depression, lose the ability to solve problems, become unable to think rationally and make decisions because of stress. They may also become prone to health conditions such as hypertension and diabetes which may lead to heart attack or stroke. http://www.goodnewspilipinas.com/wp-admin/media-upload.php?post_id=7815&type=image&TB_iframe=1 Stress is inevitable in a business, but people have different reactions to it. There are three questions that can help you manage stress better: How does stress affect you physically? Does it also affect you emotionally or psychologically? How do you cope with stress? Some of the possible sources of stress are: children family, relationships finances illness lack of work-life balance loneliness committing to more than you can handle uncertainty work Emotional intelligence (EQ) is the ability to recognize your moods and emotions, as well as other people’s moods and emotions. A person with high EQ will know when stress is starting to get to him, and where the stress is coming from. Your ability to make decisions, maintain relationships, remain motivated, influence others, all depend on your EQ. When we Read More …

Aug 282017
18 Tips to Create a Positive Mindset

If there is one thing I am grateful for, it’s my ability to see the beauty that life can offer instead of being disheartened by the obstacles that come my way.  Thomas A. Edison once said, “I never did a day's work in my life. It was all fun.”  In any kind of business, we will all inevitably come across failure. We will sometimes be disappointed with the results of our efforts.  But we need to realize that we can only do so much—that even with a seemingly perfect plan, things could go wrong halfway through the process.  So how do we deal with it? As a business mentor, I have met many that inspired me to continue my advocacy of helping Filipinos elevate their status by engaging in businesses, no matter how small.  Some of them almost gave up after struggling with the businesses they started. I asked these disheartened entrepreneurs: “What do you think is causing your business to fail?”  I was surprised with their reply. I was expecting them to tell me that they didn't know enough about the business they entered.  But the reason was: they lacked faith in themselves and had doubts that they could make the business work.  When I asked them why, they replied that each struggle with the business seemed to be pulling them down deeper. When a person has a positive attitude in life, trials and tribulations become a “gold mine of learning.” We never really know how much further we Read More …

Aug 232017
Are You Ready To Take The Next Business Challenge?

Each one of us goes through highs and lows in life. In this imperfect world, we strive to become the best person that we can be. But along the way, we face challenges that could change our lives forever. It is up to us how we look at these challenges.  Is the glass half full or half empty? People have different opinions.  In my case, I strive to see the beauty in imperfection. I choose to only see the positive side of life because it helps me become more effective at what I do.  As a business mentor, I provide encouragement to people. I motivate them to take the leap and stand up.  When you face a challenge, there are only two options: grow up, or give up. Which one will you take? GROWING UP Who do you look up to? One may take inspiration from parents who struggle to work abroad to provide a better life for their families, or a boss who was able to climb the ladder to success starting out as a janitor, or the man selling balut across the street who won the lottery and shared his blessings to abandoned elderly, or even the homeless woman who was able to send her children to school with her measly earnings from selling flowers.  You may have seen their struggles in life, seen the hardships they had to endure before meeting a better life. As an entrepreneur, going through similar ordeals is part of the process. It Read More …

Jul 252017
5 Ways to Keep Employees Engaged While Learning

You can’t build a business by yourself. You need other people—employees and staff—who can help you with the day-to- day tasks. But as you grow your business, you also want your employees to grow within their roles. Your employees need to take time to learn and improve their skills so they can work more effectively and efficiently. Employers and supervisors, meanwhile, need to make sure that they are training their staff the right way. Below are training methods, which can help keep employees motivated and engaged with their work. E-learning Take advantage of technology. Providing e-learning modules can help employees learn at their own pace and time, and focus on topics that are relevant to them. Organizations can benefit from integrating online courses into their existing training and development programs. This is also a great way to teach employees about time management, preferred skills development, and workplace compliance. Private/Individualized Training Having a bi-weekly meeting between employer and supervisor can also be an effective training method. It can focus on opportunities for skills development, build confidence and identify strengths. It allows an employee to freely speak their mind, and boosts their confidence as they don’t have to feel intimidated by having to speak in front of a number of people. This also allows employers to gather first-hand suggestions or recommendations from their workers. On-the- job learning/ Job shadowing New employees usually have a strong desire to learn new things and are more receptive to coaching. An experienced employee can teach a Read More …

Jul 202017
How Cultural Differences Affect Doing Business

Armando Bartolome Technological advancements have brought people closer. It is now possible to reach people across the globe with just a few clicks. People from different parts of the world, coming from different cultural backgrounds, are now working and communicating together. Thus, for many businesses, it is very important for managers and staff to understand cultural diversity.  We need to be sensitive and respectful. We need to understand that what is accepted as normal in one culture may not be acceptable to another. If your business is in a multicultural environment, understanding differences in culture will help you better deal with and motivate your business associates and employees.  DIFFERENCES IN BUSINESS MANAGEMENT STYLES Business management styles differ from country to country. A management style which is valued in European countries may be ineffective in the Philippines.  You may have noticed how Filipinos often address their subordinates using their first name which is considered as a normal gesture in the Philippines. But this will be perceived as impolite in European countries.  Many business leaders today share similar values as well as leadership styles. Nevertheless, we should note that management styles differ across countries because of the influence of political changes, the level of mobility, market globalization and the technological progress.  Additionally, management styles also depend on the level of education, economic development, corporate culture and available technology.  The conventional management style may vanish in time as globalization progresses and more and more businesses deal with multiple cultures and countries. DIFFERENCES IN Read More …

Jun 202017
Nurturing kids to become entrepreneurs

Armando Bartolome Almost all kids have entrepreneurial skills. They all have the same goals– to have more “baon” when they go to school.  When I was in Grade 3, I also wanted to have more baon. But instead of forcing my parents to give me more money, I thought of ways to raise money myself.  Instead of taking the cab, I would walk to the nearest bus stop and take the bus home. It saved me a great deal. From what I saved, I bought a bag of candies and sold it to my classmates.  The teachers in school also became my loyal customers. I sold them “walis tambo” which my grandfather made. I also helped my grandfather sell flowers at Plaza Miranda during All Souls Day. My parents also nurtured my entrepreneurial streak by asking me to help them sell “nilagang saba” after school.  Through these little businesses, I was able to build up my savings. My young mind naturally developed the discipline required to be an entrepreneur– no one forced it on me.  Our parents raised us in different ways, and what we learned from our parents we tend to impart to our own children. Parents, by nature, want to shelter their children and provide them everything they want. But when we expose our children to life’s realities at an early age, they can become more independent and responsible when they grow up. Teach them the value of earning It is better to let your children realize that Read More …