I’ve met a lot of entrepreneurs who forgo registering their business. The reasons vary. Number one perhaps is that it’s too time consuming in the Philippines to register a business.
Meanwhile, some are just waiting for their profits to become stable before registering. Ironically, it is hard to grow a business if you’re operating illegally.
However, on the hand, becoming legitimized has many advantages.
Some of which was shared in a recent press release by Globe myBusiness that I made into a simple infographic below.
5 Benefits of a Registered Business
- Helps you avoid legal problems with the government.
- Secures your reputation as a legitimate business.
- Builds trust among suppliers, customers, and employees.
- Allows you to fully market your brand and business everywhere.
- Opens opportunities to do business transactions with large companies.
Moreover, YouPoundIt, an online store built through Globe myBusiness Shopify, shared these additional advantages and business tips to leverage on having a legitimized business.
Have testimonials to convince potential customers that your business is trustworthy. Once your business is actually genuine, it won’t be hard to convince people they can trust you with their money and their word.
Show customers you have nothing to hide, and that you’re always happy to help. That way they’re more confident in your service.
When you own an authentic business, you’re not afraid to offer services like warranties, returns, and exchanges. Your customers will certainly appreciate these.
Not only are customers annoyed by seemingly avoidable legal hassles. But such can also give your brand a bad name and can solicit negative feedback for your products.
For more tips and advice straight from business industry experts, you can visit the Create Success – Globe myBusiness website.
Globe myBusiness is a brand partner of this blog.
SELECT AN ARTICLE TO READ NEXT BELOW: