Putting up their own business is a dream for many. That’s why it’s not surprising that I get asked almost everyday by a lot of people on how to properly start a business. Most are afraid to start a business because they don’t know how or where to begin. They don’t know what to do […]
Tags: Business, how to start a business from scratch, how to start a business online, how to start a business plan, how to start a business with no money, how to start a business without money
I’ve met a lot of entrepreneurs, and one of the least liked topics that we discuss is taxes. Many say it’s too complicated and can be time consuming. However, a basic understanding of taxes, could really go a long way in helping you save money, regardless if you’re a professional or a business owner. When […]
Tags: benefits of paying taxes, bir philippines, bir registration, Business, income tax, non-vat, tax registration, vat, vat vs non-vat
There are many stages of starting your own business, and after you/ve come up with an idea, received some funding, and even gotten a few clients, you may be wondering what’s next. Many business owners choose to structure their businesses according to their specific tax and liability needs. At this point, you may want to […]
Tags: Business, limited liability company, LLC, llc advantage, what is llc, when to apply for llc
A friend quit her job five years ago and decided to become a freelance social media manager. She approached several restaurants in her city and began handling their Facebook and Instagram accounts. Today, she has her own digital marketing business with eight social media managers working under her wing. My friend is a true success […]
Tags: Business, freelancer, Freelancing, freelancing business, taxumo
I’ve been in the financial industry for over a decade now. I started through this blog, by writing personal finance articles. Eventually, it led me to putting up my own financial planning firm, Wealth Arki. One of the reasons why I stayed so long in this industry is because of the sense of purpose and […]
Tags: financial advisor, financial planning, freelancer to entrepreneur, Freelancing, taxumo, turn freelancing into a business
One of the most common questions people ask me is if it’s necessary for a starting freelancer or a newbie entrepreneur to file and pay taxes. The answer of course is yes, it is necessary and they should. It may seem common sense, but I understand where the question is coming from because I have […]
Tags: benefits of paying taxes, Business, Freelancing, importance of paying taxes, In Focus, income tax, reasons why we pay taxes, tax, taxumo, why do we need to pay taxes in the philippines, why pay taxes
In wealth circles, it is often mentioned that millionaires have an average of seven streams of income. This means they have around seven sources of cashflow. Think about your financial situation and ask yourself, how many sources of income do you have? If you’re like most people, then you probably have two. The first would […]
Tags: 7 streams of income, 7 types of income, income streams, multiple streams of income, passive income streams, Personal Finance, streams of income book, types of income
My journey from being an employee towards being an entrepreneur started when I decided to pursue freelancing. While working in my corporate job, I did freelancing work as a software developer. And when my freelancing income surpassed my employee salary, that’s when I decided to quit my job. My goal back then was really to […]
One of the biggest challenges of starting a business is coming up with a profitable idea. Most people would first look at what’s currently popular, and then innovate their own version of the business. A lot of people, especially OFWs, choose franchising. They invest on the turn-key process, which business franchises offer to save time […]
Tags: Business, business ideas, business trends 2018, good business in 2018
Starting a dropshipping business is a low-cost, low-risk opportunity for new entrepreneurs. It is the next-level version of the classic online store. Basically, you just need to find an online dropship supplier. Then create your own online store. And then resell products from your dropship supplier. When someone buys from your online store, you will […]
Tags: Business, drop shipping, dropshipping, tips for dropshipping business
A few months ago, a reader asked me for book recommendations. Particularly, she wanted me to suggest good titles on personal finance and investments. I asked her what books has she already read, and she enumerated the most popular ones like “Rich Dad, Poor Dad”, “Think and Grow Rich”, and a few others.
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