Another mistake in starting a business - no business plan

Every generation needs a revolution - an entrepreneurial revolution

I know of someone who invested a good 6 numbers in a food business:   pares in multi storey commercial condominium.  It was all go go go.  Rah rah affair.  Group prressure.    A gang cheering to go ahead

You guess it right - there was not enough traffic, not enough revenue, and the business collapsed in a matter of months.  The poor investor who borrowed most of the investment now could not even afford to pay living expenses.   

Plan think through your business carefully before going into one.

For inquiries into business plan preparation, contact 0908 - 928 7888 or gmail  profjorgeentrep@gmail.com

Multi million investment - malls (hardware shops) in the middle of nowhere

Every generation needs a revolution - an entrepreneurial revolution

It has been observed that there are at least three multi million business establishments in the Eastern province that were put up without thought for primary reason for putting up -  location, vicinity to primary target market.  While this is not necessary for on line business, this is necessary for brick and mortar business that depend on consumer foot traffic.

Apparently, the owners had gut feel, bravado on their side, and past success, and that they can never go wrong. They probably did not go into meticulous process of business planning.  There are risks in going into business, and one of them is failure.   When is the right time to build?   Would there be enough customers for your break even.

This post waited for 8 years before building a commercial building in the front vacant commercial lot in the division it has developed.   This precipitated rapid increase in real estate values and expansion of commercial area into the neighboring town

Even the head of a top fast food said that there is a possibility, their group can fail, and that their employees should be vigilant.  

The mall that is in between Jala jala and Pililla is half closed and its malls are half closed, their employees laid off, and the owners probably so sorry for their investment.

There is a grocery in poblacion of Jalajala which seems to flourish, but it is in the center of population

There were also farm lots and subdivision projects in Tanay and Pililla around the wind mill that were advertsised with Selling Prices at P5k to P7k.  They have gone quiet now

Ease of doing business - legalities are obstacles to business progress

Every generation needs a revolution - an entrepreneurial revolution

Much has been said about ease of doing business in the Philippines and our country ranks low in this department.   For example, the growth area of the country, renewable energy, the complaint still is the number of signatures needed to start a project.    And directives from the very top is to facilitate govt 

approvals.  

It is more than that.  The slow judiciary or byzantine decisions of the court has not made things easier for businesses.   In our case,  our greatest challenge is how to get past a case involving a fake title which the court upheld to be true and now we cant get titles (which are required in most govt agencies)  because the title holders are embroiled again in ownership claims:     One entity claims it has right over the property the title being in its name; the original owner said there was a deed of exchange for which it has not received anything for which the latter has filed an adverse claim.

Now third party developers cant get a handle on whom to settle with.

And the delays persist.   No investment, No development  No progress.