Posts

From Humble Supply Store to National Book Store

Image
Everybody wants to succeed in business. But we know that to hit it big time is not an overnight phenomenon. Behind triumphs are untold struggles and challenges weathered behind the public eye. Such a kind of success is an inspiration and worth sharing over and over again. Just like the country's National Book Store. Read how it began as a small supply store and became a victor among its league. The name Socorro “Coring” Ramos may not ring any bells for some people. She, however, is one of the most successful entrepreneurs in the Philippines for founding the largest bookstore chain in the country – National Book Store. Back in 1940, she and Jose Ramos, her husband, established a small stall in Escolta where they sold supplies. They, however, did not have a steady road towards success. In fact, they endured many trials together that would have discouraged most entrepreneurs. During World War II, the Japanese soldiers occupying the country considered many of the books sold in...
Post a Comment
Read more

How to Register your Business Name

Image
We just acquired our new business name, EveryBuddy's Office and School Supplies Trading. It was actually a tedious task arriving at the finality of it all. Here's a tip on how we went through the process and more likely, the same process you'll go through should you be interested in starting one. Present the requirements at any DTI office including two copies of duly accomplished application form signed by the owner and an original copy of one photo-bearing national issued Identification Document (ID) with signature. Also, pay the registration fee according to your target business scope: P200 (Barangay), P500 (City/Municipality), P 1,000 (Regional), and P 2, 000 (National).  Pay an additional P 15 for documentary stamp tax. For foreign applicants, they are required to present the original and a clear certified copy of the Certificate of Authority to engage in business in the Philippines per Republic Act No. 7042 as amended (Foreign Investment Act), Republic Ac...
Post a Comment
Read more

How to Start a School and Office Supplies Trading Business

Image
A school and office supplies store is almost as stable as the food business, because students and offices will continue to consume needed supplies even if there is a recession. Even better is that the products sold are non-perishable. Below are some of the important things to note if you plan to get into this business: A suitable location. Remember that school and office supplies stores sell convenience goods. People will buy from the nearest outlet that sells at a reasonable price. Your location must be near your potential consumers, and so being near schools and commercial establishments is an advantage. While malls are the best locations, a start-up may find it hard to meet the rental rates. There are smaller malls that may still be affordable for a small business. Negotiate the lease contract. If you will be renting your store spaces do not just accept the contract given by the landlord. In most cases there is room for negotiation. Do not be shy to haggle with the rent...
Post a Comment
Read more