While both Makati City and Manila remain strongin terms of the viable real estate for lease, prices are gradually rising due to demand. Many international companies are choosing the Philippines as their offshore home because of its incredible natural resources, and plentifulworkforce. Organizations have also found this region to be highly desirable because of its geographic location and good access to seaport and shipping lanes.
Potential Drawbacks of a Long-term Lease in the Philippines
December 11, 2015 | Sharon Cheong
Investing in office spaces has transformed into a more attractive proposition for many investors in the Philippines, as the country continues to enjoy a steady stream of businesses setting up their offices in the Philippines. For this year alone, 600,000 to 700,000 sq. m. of prime and grade A office space will add to the inventory of office spaces available in the Philippines. In addition to that, about 2.1 million sq. m. of new office space will be added by the end of the year 2017, all of which is likely to absorb by the growing market of the country.
The Difference Between Servcorp Serviced Offices and Other Providers in The Philippines
December 04, 2015 | Sharon Cheong
Building your own business in the Philippines can be exciting and profitable, but requires a real commitment of time and money. With so many complications coming at you each day, the last thing you need to worry about is your front office staff. As your business grows, you'll need additional employees and more space to work. These are just a few of the reasons why people choose serviced office space. It's affordable and the monthly cost is always the same, so you can budget for it. In addition, you get many attractive amenities. The only thing left to figure out is which serviced office provider to select.
The Philippine economy has much to offer investors and new business owners. The growth rate is consistent each year in spite of global economic distress. As a newly industrialized nation with vast natural resources, investors from all over the globe come each year for business opportunities. The Philippines is also a popular offshore location for large corporations with extensive manufacturing abilities. You may be ready to take the plunge and come to the Philippines to do business, but are concerned about how to get started.
Why Embrace Technology as a Business in The Philippines?
November 24, 2015 | Sharon Cheong
It is often heard that new companies are being shut in The Philippines; however, the news is not so bad, as thousands of small businesses start every year in the country and a good percentage of them have learned what it takes to survive the rigors of the current business ecosystem. The use of technology to maximize the productivity of the business creates the platform for realizing true commercial success. With the right technology in place, companies can rest assured that they have the tools to meet the challenges of the today's business scenario.
How to Rent a Virtual Office in The Philippines and Appear Bigger Than You Really Are
November 04, 2015 | Sharon Cheong
Business expansion can be exciting, but always comes with its own share of problems. You'll need more employees, equipment, marketing and other things to make it work. When you're just starting out, it can be intimidating to try and keep daily business activities going while struggling to get superior clients. In the end, the only way to grow is to secure some solid contracts and this can be difficult in the competitive region of the Philippines.
Manila has become a lucrative region for start-up activity and investors come every year, from normal individuals to large corporations. They're all looking to take advantage of the many opportunities now available in Manila. Some begin as startup businesses and others are big name brands that are simply looking for an offshore headquarters. The difference in these groups is the amount of money they have to begin their new venture. While a big company like Microsoft or IBM can afford to buy an entire building, small business owners have to watch every penny until they start making a profit. Cash flow is crucial during the first few years.
How to Start a Home Business with a Rented Virtual Office in Manila
October 12, 2015 | Sharon Cheong
When you work from home, you have the luxury of being able to work in familiar and comfortable surroundings. But you will also quickly realize the many distractions and interruptions associated with being at home. The kids may be playing in the next room and making too much noise. The phone may be ringing or family members may be interrupting you every few minutes. Though you love your family, they may not realize how they're preventing you from getting your work done. The answer to this dilemma is simply to lease virtual office space in Manila for a few hours each day so you can get away to a real office and get your important projects completed.
The Philippines began the year as one of the largest economies in South East Asia. Thus far, the newly industrialized nation has posted healthy growth rates for 2015 and remains one of the leading export oil refinery centers. However, the lower global oil prices have caused a bit of a slump in this particular industry. 2015 showed the largest increases in the Gross Domestic Product during the first quarter, with increases in the second quarter as well that were above last years. The trade deficit widened in February.
How to Choose a Virtual Office for Your Home Based Business in Manila
August 29, 2015 | Sharon Cheong
Manila has become a hotbed of start-up activity with new businesses coming alive every month. Many of these begin as home-based businesses that do so well they grow out of their confined space and need to expand into something larger and more prominent. Home-based businesses are growing in Manila and many parts of the world as people realize that they have talents and skills to offer the world and they can use these to earn a good living outside the 9 to 5 workplace.
Marketing Solutions for Small Business in The Philippines
August 11, 2015 | Sharon Cheong
Today, the Philippine economy remains steady, continuing an even growth rate despite economic woes in other nations. This newly industrialized country has much to offer the small business owner. Drilling and mining have uncovered vast natural resources, attracting investors all over the globe. Each time a large company chooses the Philippines for its offshore location, this activity opens the door for all types of smaller businesses to come in and become successful. Though many have come and gone, only those with excellent marketing plans will remain after a few years' time.
Quick and Easy Ways to Find Office Space in The Philippines
August 03, 2015 | Sharon Cheong
The Philippines is growing stronger each year as a financial hub in Southeast Asia. The import export business is very lucrative, but other business types have been moving into the region. These include clothing manufacturers, electronics design and manufacturing, food and drink products and many others. Each year, new business owners come looking for a way to build their own profitable small business. Many of them are confused by the culture and not sure where to even begin looking for good deals on office space. Below, we discuss a few of the quick and easy ways to find office space in the Philippines.
You may have a remarkable idea, a great business name in mind and be all ready to go ahead and build your own small business in the Philippines. This is not uncommon. Where most people get discouraged is when they go to get funding for their startup. Funding can be complicated for a brand new business idea. Nowadays, lenders want assurances and/or collateral. You may have property or investments that could work as loan security.
Business Culture in the Philippines and What You Need to Know to Succeed
July 20, 2015 | Sharon Cheong
This multicultural environment has a very ethnically diverse population that offers incredible opportunities for a new start-up or offshore plant. The vibrant and dynamic business atmosphere combines inexpensive labor with low-cost commercial property. As one of the largest markets in Southeast Asia, the Philippines has enjoyed progressive economic growth with a highly skilled work force.
The Philippines has experienced a stable growth rate at around 6% along with other Southeast Asian countries. That's because the Philippines offers so many unique opportunities for investors and expat entrepreneurs looking to form an offshore company. The island nation has much to offer, including beautiful natural resources and areas that are fully westernized. Whether you're looking a good place to retire and build a profitable small business or it's just time to expand your business, the Philippines is a good choice.
The Philippine Islands have become an attractive location for entrepreneurs from around the world. The Gross Domestic Product grows each year and the experts are predicting that this growth will continue on for many years. The Philippines offer cheap labor and a low-cost commercial space. Each year big corporations from America and the UK come to this area of the world to set up offshore headquarters.
Which Business Networking Events to Attend in The Philippines
June 24, 2015 | Sharon Cheong
Network Marketing Businesses (MLM) have become extremely popular all throughout the Philippines. Some of these are indeed lucrative opportunities for new entrepreneurs to get in on the ground floor of a great business concept. If you are interested in this type of network marketing, be sure to do your research and choose a company with a good reputation. Though almost all of them say that you can quickly become a millionaire, this normally takes years of hard work.
Five Questions to Ask Before Expanding Your Business in the Philippines
May 11, 2015 | Sharon Cheong
Expansion of your business can be exciting, as well as scary. Business owners want to reach out to new markets but there are always inherent risks associated with any type of business. During the economic crunch of 2008, numerous businesses went belly-up and thousands of home owners lost their homes. One definite consideration with any type of venture is timing. There are others to consider as well. Below are our top five questions to ask before expanding your business in the Philippines.
How to Set-Up a Business Bank Account in the Philippines
May 07, 2015 | Sharon Cheong
The Philippines are a prime destination for outsourcing due to the low cost of doing business there. Metro Manila has experienced exceptional economic growth in the past few years and many large corporations around the world now have an overseas office in Manila. Each year the Gross Domestic Product (GDP) rises due to the busy import export market, pharmaceutical research and various government programs. One of the first things that a new start up business will need is a business bank account in the Philippines.
How to Start an Import and Export Business in the Philippines
April 28, 2015 | Sharon Cheong
If you've been thinking about starting up a new business, then an import export business in the Philippines might be a good idea. This can be a respectable choice for amateur entrepreneurs who are ready to venture out into the business world. If you make the right choices about what product area to work in and how to set up the business properly, you can enjoy good returns on your investment.
How to Get Funding for Small Businesses in the Philippines
April 03, 2015 | Sharon Cheong
If you've been thinking about starting your own small business in the Philippines, then you have no doubt checked into financing options. This is traditionally one of the first hurdles that entrepreneurs must overcome. Depending upon your business concept, it can be challenging to get the necessary funding for a new start up. Most experts agree that new entrepreneurs should start small.
What Are the Biggest Export Markets in the Philippines?
April 2, 2015 | Sharon Cheong
What many people don't know is that the Philippines have had a very close trade relationship with the United States for over 100 years. The Trade and Investment Framework Agreement (TIFA) that was introduced in 1989 included a more clear outline and understanding of the customs administration. In this agreement the full scope of the facilitation protocol was completely defined to make trade relations between the two countries flow smoothly. Because of this trade agreement, commerce and industry in the Philippines have grown at a much faster rate, as the United States is an important export/import partner for any nation.
In Manila, business owners can locate very attractive office space in the city's Central Business District. Manila offers many prestigious luxury office buildings for any type of business. The difficulty for many new start-ups is the cost of these upscale office buildings. Often, certain business types, such as consultants, require a prestigious Metro Manila Business Address such as Bonifacio GlobalCity, Manila and Makati.
Cost Saving Strategies for Small Businesses in the Philippines
March 20, 2015 | Sharon Cheong
Sometimes small business owners in the Philippines wait until their business is in trouble before they start looking for ways to cut costs and expenses, but today's savvy entrepreneur will take precautions from the beginning. If you wait until cash flow is limited and bills are behind, you'll be under such stress that you might not make wise decisions. Start your cost-cutting strategies from the beginning so that you can always be assured of a good profit margin.
The Philippine Islands are a newly industrialized country with a growing economy and the year 2014 was a strong year for the island nation. The Gross Domestic Product grew in spite of continuing sluggishness in other world economies. Financial analysts are predicting continued economic growth well into the next few years. Most of the growth from 2014 was led by construction, both private and commercial.
Tips for Expats Buying a Small Business in the Philippines
March 03, 2015 | Sharon Cheong
If you're thinking about opening a new small business in the Philippines, then you're not alone. People move to this region every year because of the warm tropical climate and beautiful surroundings. There are numerous opportunities for business owners, but the first step is to make sure you have the right permits and licenses to start your business.
In recent years, the Philippines have enjoyed increased political stability and economic reforms. This country was able to avoid contraction during the 2008 global economic meltdown that affected so many world governments.
The Philippine economy has grown steadily over the last ten years and today is the fourth largest in Southeast Asia. As a newly industrialized nation, the country has posted healthy growth rates annually except in 2008 during the Global Financial Meltdown. The Gross Domestic Product growth rate for 2015 is expected to do better than most financial analysts are predicting.
Most Profitable Small Businesses in the Philippines
February 6, 2015 | Sharon Cheong
Economists are saying that, considering the global business growth rate, the Philippines are still growing above the averages at about 6%. The interest rate is hovering around 3.5% to 4.3% and this makes it a good time to purchase property, get a business loan or invest in the island nation. The Port of Manila is a major international shipping gateway with abundant opportunities for import/export business owners.
How to Run a Successful Business in the Philippines
February 3, 2015 | Sharon Cheong
The beauty of the rainforest and tropical climate are just two of the many reasons why people visit the Philippines each year. The geology of the country makes it a prime place for unique energy sources such as solar energy, geothermal energy and natural gas, which was recently discovered on Palawan. The nation is currently working toward developing these energy sources more fully and many investors have taken an interest in involvement.
Checklist for Starting a Business in the Philippines
January 19, 2015 | Sharon Cheong
The prospect of starting a new business venture can be extremely exciting. Many new businesses are choosing Manila as their home. Manila is the capital city of the Philippines and has benefited from substantial investment in recent years. The government has worked hard to improve working equality and promote training and business opportunities. Whilst a new business venture is a thrilling experience, many entrepreneurs fail to understand the complexities involved in starting a business. There is a whole host of aspects to consider, overlooking one simple area can result in huge problems in the future. The most dangerous period for any business is during the initial months. The reputation needs to be forged and a client base acquired. A new business needs to benefit from exceptional planning and organization. With this in mind, an extremely useful way to ensure that every aspect is suitably dealt with is by creating a checklist. Your initial business plan will be useful when compiling a checklist. Consider every stage of the business plan and identify what will be required for each stage. If you have a partner or co-founder, brainstorm the subject to explore the requirements further.
Entrepreneurs everywhere are generally having a positive outlook on business in Asia. This is a thought echoed by many economists, business leaders and politicians. But what does the future hold for business on the continent? We all know that in the last couple of years, many Asian countries have experienced tremendous amounts of growth in their economies, with increased output, as well as growing interest in the region by foreign investors.
How to Make Your Business Stay Competitive in Year 2014
December 12, 2013 | Valerie Wong
There's one thing that can make or break your business - and that's your website. Assuming that you depend on your website to process orders or interact with clients already, then you have to craft a responsive web design in 2014 to stay competitive.
In the last two years, the micro blogging service called Twitter has been adopted by millions of people around the globe, making it one of the most popular websites on the Internet, and the second most popular social networking site after Facebook. Many different individuals use Twitter for various purposes. Some use it to give the world a glimpse of what is going on in their daily lives. Some will log in to Twitter to see what their favorite stars are doing. And others use it as a platform to voice their political opinions. But Twitter isn't something that is reserved only for individuals. In fact, businesses can take advantage of the micro blogging service in numerous ways.
Previously, doing business in the Philippines as a foreigner wasn't always easy, as there were numerous restrictions on foreign ownership of corporations. However, this has recently changed with the liberalization of laws related to foreign investments in the country. Anybody, regardless of their nationality, may now start a business in nearly any sector, with a few exceptions that are reserved for Filipinos.
There is no question that the office world is changing. With the rise in communications technologies, there have been many new trends which have reshaped the way we work. In many cases, it is no longer necessary for a worker to be physically present in an office to do their job. They can access the company's network remotely, and stay in touch with others through various communications tools. So what does the future hold for the traditional office?
What makes a successful business leader? While some may obviously say: "Someone good at making money!" there are other qualities that are far more important than just a desire to increase one's financial position. One must also remember that a "leader" must, by definition, lead people into success, so that their business can keep thriving, regardless of any obstacles that could appear along the way. Here are some of the qualities that many of the most successful business leaders of the world all share:
In the business world, Bill Gates is definitely a famous figure. With a wealth of around $67 billion, he is, as of 2013, the second wealthiest man in the world. Many entrepreneurs around the world are interested in how he managed to achieve such success in the business world. What can we learn from Bill Gates? Here are a few of the most important lessons:
Any entrepreneur will know that running a business can be a challenge even at the best of times. However, once a recession hits, things get even harder for most business owner. Is it possible for a company to stay afloat and even prosper during tough economic times? The answer is an obvious yes. To accomplish this, there are a couple of things that you will need to keep in mind and most importantly, apply in your daily operations.
How to successfully set-up a business in the Philippines as a Foreigner?
October 21, 2013 | Valerie Wong
For many years, doing business in the Philippines as a foreigner was quite a challenge. Previously, the country's laws required that all corporations have at least 60% Filipino ownership, with foreigners being allowed to own only the remaining 40%. While some foreign investors have managed to get around this by enlisting the help of local partners who would play the roles of the Filipino owners, this was always a risky move in the event of a dispute.
The Philippines' retail sector has plenty to offer and should be positioned as one of the world's top destinations for shopping, according Ian Wade, the executive advisor of UK retail giant Sainsbury's. But how do small businesses in the Philippines ensure they continue to compete while increasing revenue?
Large corporations can throw vast sums of money at technology and staff to formulate plans to take advantage of changes in the marketplace, generating a healthy profit as a result - but how can small businesses compete?
Allowing your employees to work flexibly brings with it all sorts of benefits from their own standpoint. However, many business managers still don't openly embrace it. If you fall into this category, you need to start asking whether in this day and age, it's a business necessity.
Making sure that things get done isn't the be all and end all within business. Communicating properly with employees can make all the difference, and overlooking the importance of it can be disastrous.
Business registration within the Philippines is about to be made simpler with a country-wide epayment scheme. While this will obviously bring with it a degree of convenience, it's likely that it'll bring some other benefits to national business.
Whether you're setting up your first company, or trying to get your head around technological advances in a new era, it's essential to know the first steps involved in setting up a modern business. Read on, and find out more about them. They might be basic, but some of them are easily forgotten.
Australia and Philippine University join forces for study
May 2013 | Servcorp Philippines
The relationship between Australia and the Philippines is often overlooked by potential investors. However, with the news that the Australian Agency for International Aid has granted PHP 24 million to the University of the Philippines Open University, should it be a serious consideration for business investors?
As part of the Philippines' Department of Science and Technology's drive to achieve a 'Smarter Philippines', it's been identified that the country's workforce needs to learn more about the latest information and communications technology. How will both workers and businesses benefit from these observations, and the measures they'll lead to?
Favourable demographics and government initiatives have conspired to allow the Philippines to become one of the world's strongest new markets. Could basing yourself there now allow your business to reap the rewards in years to come?
Winning in the 21st Century: Go for Serviced Offices to Reduce Cost
March 2013 | Servcorp
Starting your own business? That wouldn't be easy, especially during this era characterized by constant inflation and turbulent market. As much as possible, you need to adopt a cost-effective stance and maximize your use of resources.
Virtual Phone Systems: an emerging technology for Small businesses
March 2013 | Servcorp
The recent years had seen how cloud-based storage and services are taking hold of the business landscape. Clouds are slowly reshaping how people move, spend, and do business on a day-to-day basis. They don't just cut costs and overheads, they also allow collaboration through easy file sharing and retrieval.