7 Signs To Become An Entrepreneur

   

🖌image credit to jobcreatorsnetwork.com

     Entrepreneurship is the capacity and willingness to develop, organize, and manage a business venture along with any of its risks to make a profit. So, the individual who creates this business and willing to take the risks is an entrepreneur. An entrepreneur is usually seen as the innovator and source of new ideas for goods and services as well as for business operations. 

     Being an entrepreneur is stressful and the success rate is not all that encouraging. But why do people want to become entrepreneurs or wanted to have their own businesses? It could either be that working a job is not enough in terms of financial, time constraints and challenges, or personal fulfillment. Some sorted to home-based business to be with family and to avoid traffic problems in their area.

     What could be the signs that it is time to make a transition from being an employee to becoming an entrepreneur?

1) You have a passion for work but not a job.

A specific business that can give you enjoyment and personal rewards or satisfaction. Have your own ideas on how this specific business should work without setting a particular schedule and workload.

2) You have thought a lot about that specific business.

You are sick and tired of thinking about it. Dreaming enough of it about how you would take charge, lead people and follow your own set of rules. 

3) You have that virtue of helping others.

A desire to create jobs and to give someone an opportunity or job. There is an indescribable feeling of helping others.

4) You have backup support.

There are people around you supporting your ideas and willing to have your back while you are risking out to accomplish your goals. You have these people that will ensure your food and shelter and a shoulder to cry on while you are trying a different route.

5) You have that One Great Big Idea for ventures.

You have that great idea to sell something that has an improvement on what is already available in the market. You have that obsession for a new idea to build a better product or service.

6) You have got a Marketing Plan or Feasibility Study.

To achieve that dream venture you should have a plan based on market research, budgeting, financing, and projected income. This plan serves as a guide to making your vision a reality.

7) You have a strong backup plan.

There should be a strong backup plan to pursue if your first venture failed. This plan should keep you afloat until you could try again. Never put all your eggs in one basket. If you have this backup plan you will not be afraid of failures with your business venture.

Make a list of all these signs and determine if you are ready to become an entrepreneur.

The Perfect Progressive Tenses of The Verb (series 1.C6)

       

          

          After discussing simple tenses of the verb, perfect tenses, and continuous tenses. Next are the Perfect Progressive or Perfect Continuous Tenses of the verb.
          Remember when we say, perfect, it means 'complete'(the action has been completed), and progressive means 'unfinished' (the action is not yet finished and continues in the present, and may continue in the future).

Present Perfect Progressive > also known as the perfect present continuous, an action that started in the past and is continuing at the present time. This is formed using

     has/have been + verb with -ing

Examples:
                  She has been reading the novel for two weeks now.
                  You have been playing that game since last year.
                   I have not been seeing Julie lately.
                   Susie has been playing piano since she was a child.

Past Perfect Progressive > also known as the past perfect continuous, an action that started in the past but continued up to another time in the past. This is formed using

      had been + verb with -ing

Examples:
                  I had been telling you to stop smoking since last year.
                  They had been creating unrest in the neighborhood for 3 years.
                  We had not been cleaning our home since last month.
                   Patrick and Liza had been dancing until Patrick died a year ago.       


Future Perfect Progressive > also known as the future perfect continuous, an action that begins sometimes in the past but is expected to continue up until a point in the future. This is formed using

       will have been + verb with -ing

Examples:
                  In January, I will have been teaching at my school for ten years.
                  He will have been waiting for two hours by the time his girlfriend arrives.
                  You will not have been working in the office for 3 months.
                  Even though the TV show will have been airing for another year, it will continue with its new time slot.


** Progressive tenses use action verbs only and not stative verbs. Stative verbs are state of being that does not show qualities of change. It includes emotions, possessions, and thoughts.

Setting Up A Business in the Philippines

📷 image credit to indiamart.com

Thinking of starting a business in the Philippines? 

First, you have to register your business name with the Department of Trade and Industry (DTI) for a single proprietorship business, or the Securities and Exchange Commission (SEC) for a Partnership or Corporation. After that, you have to secure the permits below from your local government or the city/region where your business is located.

1. Barangay clearance

Where to get it: Barangay hall

Requirements:

Registration certificate from the DTI or SEC and valid/government-issued identification cards. You should also have fire safety and electrical inspection certificates and present the Lease of the Contract of Site. 

Fee: P1,500 (may vary for each municipality or city)

2. Mayor’s permit (also known as business permit)

Where to get it: Municipal or city hall in the place where you will set up your business

Requirements:

Barangay clearance, registration certificate from DTI or SEC, valid IDs, and location map/sketch of your place of business. You will also need to secure a community tax certificate

3. Tax Registration Number (or TIN) 

Where to get it: Bureau of Internal Revenue (BIR)

Requirements:

Accomplished BIR forms 1901 or 1903, valid IDs, location sketch of your place of business, a copy of your mayor’s permit or municipal license, and registration certificate from the DTI or SEC

Fee: P500 plus 1% of subscribed capital for the documentary stamp

4. Special Permits

Depending on the nature of your business, you may also need to obtain special permits. If your business, for example, will be dealing with food, chemicals,  i.e., cosmetics, medicines; or any health-related product or service, a permit from the Department of Health’s Food and Drug Administration (FDA) would be needed. 

5. Social Security

If you are hiring employees, you are required to register them for Social Security protection. Of course, you should get one for yourself as well. 

Where to get it: Social Security System (SSS) office

Requirements:

Accomplished SSS Form R-1 for employer registration, accomplished SSS Form R-1A that lists the names of your employees, and Articles of Partnership or Incorporation for partnerships or corporations.

6. You should also provide your employees with memberships in PhilHealth (Philippine Health Insurance Corporation) and PAG-IBIG (home development mutual fund), as mandated by the labor law. 

For more info click here.: Department of Trade & Industry

Depression Kills

     Depression is not just a mere sadness or loneliness, but if not controlled can lead to a depressive state. Frequent emotional ups and downs will lead to depression. These emotional shadows may be brought by pressures from work or family, stress from too much work, anxiety in everyday lives, painful and traumatic experiences, too many expectations that lead to discouragement and low self-esteem, and the list goes on. 

     Once a person has it, he seems helpless, with nowhere to go, and no one to turn to. He is withdrawn from all the routine activities of his daily life. Losing interest in those things he was interested in and fond of. Nobody among his colleagues or friends could see the dark shadow one is having. No one beside him could feel the turmoil within.

  Depression is a mental state. Depression kills. Depression leads to someone killing himself to stop all the worries and pain. Believing no one cares, believing no one can help, believing no one hears, believing one is helpless. Depression is a serious matter that should not be ignored. Depression kills and for anyone who has it or knows that someone is having it, it is always too late for them to reach out.

      If someone you know you think is experiencing depression, don't leave her alone. Talk. These links can help.

Symptoms and Treatment

Take This Depression Test