Updated: March 1, 2017
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.
Testimonials
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.
Accessibility
Show customers you have nothing to hide, and that you’re always happy to help. That way they’re more confident in your service.
Value-Added Services
When you own an authentic business, you’re not afraid to offer services like warranties, returns, and exchanges. Your customers will certainly appreciate these.
Hassle-Free
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.
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I understand the sentiment of a micro entrepreneur who started his business and skip the business registration. My target clients are big manufacturing companies and I have no choice but to register my business. Since I started my business last August 2016, I hate being in BIR…need to print the form and pay to the affiliated bank. I dont how our govt can simplify payment with just one form where all payment forms are already there. Just one payment date and done!
Thanks for the Info. I will immediately begin the process involved in registering my business.
This information is vey helpful to managing a business for a newer entrepreneur.