Bsuiness Trends in the Philippines Flashcards
Role of Entrepreneurship in National Development
- Promotes Capital Formation
- Creates Large-Scale employment opportunities
- Promotes balanced regional development
- Reduces concentration of economic power
- Wealth creation and distribution
- Increasing GNP and national income
- Improvement in the standard of living
- Promotes country’s export trade
- Induces backward and forward linkages
- facilitates overall development
represent the direction (whether upward or downward) that an industry or line of business is taking (smallbusiness.chron); or
a general change in the way business is developing.
Trend
Top established businesses in franchise market
- Food cart business, cold beverage stand
- eco-friendly products
- healthcare business
- beauty and wellness business
- water refilling station
- bills payment center
- laundry shops
- cold beverage stand
- car wash business
- education
a specific method used to create and deliver this value.
business model
Types of traditional business models
- product
- service
- sharedassets
- subscription
- lease/rental
- insurance
- reselling
- agency/promotion
7 most successful business models of the digital era
- Advertising-Supported
- E-commerce
- Freemium
- Marketplace/Platform
- Subscription
- AggregatorSites
- Crowdfunding
includes all forms of business transactions, such as the purchase of goods or services, undertaken through electronic means, such as telephones, televisions, computers, and the Internet
Electronic commerce or e-commerce
Top 8 E-commerce Marketplaces in the Philippines
Lazada
Ebay
Tiktok
Shopee
Zalora
Facebook Marketplace
Carousell
MetroDeal
Combinations of Traditional + Digital business models
• rent/lease + subscription
• rent/lease + agency/promotion
• shared assets + freemium
• insurance + aggregator sites
• shared assets + crowdfunding
the act of setting up a business that provides a good or service with hopes to secure a profit.
Entrepreneurship
provides a good or service with the same hopes, but profits are usually directed towards what the business owner has identified as a social issue he/she wants to address
Social Entrepreneurship
Process of Business Registration in the Philippines
Step 1: DTI - Business Name Registration
Step 2: Local Business Permit Registration
Step 3: BIR Registration
Step 4: SSS, Philhealth, Pag-ibig Fund Registration
Based on the business model: What do you offer to the customer?
Value proposition
Based on the business model: How is the value proposition created?
Value Chain
Based on the business model: What does the business model generate profit?
Profit mechanisms
