Are you an entrepreneur or just a consumer?

Are you an entrepreneur or just a consumer? Before you answer that, let us first define in simplest terms, what is an entrepreneur. An entrepreneur is someone who creatively... More »

Good Habits, Good Business

Most of us think that a successful business depends on a few really important things such as brilliance, discipline and opportunity. While these things are true, they are not an assurance that everything... More »

Are you an entrepreneur, or just a consumer? (Part II)

Here is the second and the last part of our topic on being an entrepreneur and its advantages over being Presentation1merely a consumer. Read on and we hope that you allow these things to encourage and excite you... More »

Here’s How to Make Money out of Your Hobby

People who are successful in their fields usually share this common secret: they do something that they love to do. Be it baking, travelling, playing golf, writing, dancing, singing the list is endless and crazy. Yes, even your craziest hobby. You can earn bucks from it and yes, you can be rich and famous because of it. Why? The answer is simple and quite obvious. More »

Saving Money Made Easy

Saving money is easy for some people but for others it requires some vigilant effort. I have seen people save money out of habit and they make it look so easy. They are ever so artful as far as saving is concerned. I have also seen others struggling to save. Well it’s a start. A better start really. This article is dedicated for the artful savers; these are your ideas after all, and for you who want to save but needs a little help. Here are the seeds of ideas, let it grow and make it bloom. More »

Commodity Watch: Why is it important?

OuCommodityWatchr day to day life is challenged by the things and events around us that are beyond our control. In this present economic times, one of the things that constantly concern most of us is how to make sure we don’t jeopardize our survival. We want to ensure our basic needs are met. We want to make sure we and our loved ones enjoy the kind of life that everybody deserves. This section is dedicated to all of us who love our families, who take care of the needs of our children, their future and what they need to make it in their journey. Commodity watch aims to update you with commodity prices and its implication in our plans, our financial budgeting and what we hope to achieve as far as our status and present endeavors are concerned. More »

 

Commodity Watch: Why is it important?

OuCommodityWatchr day to day life is challenged by the things and events around us that are beyond our control. In this present economic times, one of the things that constantly concern most of us is how to make sure we don’t jeopardize our survival. We want to ensure our basic needs are met. We want to make sure we and our loved ones enjoy the kind of life that everybody deserves. This section is dedicated to all of us who love our families, who take care of the needs of our children, their future and what they need to make it in their journey. Commodity watch aims to update you with commodity prices and its implication in our plans, our financial budgeting and what we hope to achieve as far as our status and present endeavors are concerned.
1. What is Commodity?
A commodity is something that people want to buy because they can use it; make other products out of it to sell for profit, or it can be something that people will want to buy or sell. A commodity is bought and sold in bulk or big volumes. It also follows a certain standard. Examples of commodities include agricultural products, minerals, and financial instruments.

2. Why is it important to know commodity prices?
For the very basic of reasons; the food on our table, our clothes, groceries and everything else that we cannot do without came from commodities. So when the price of corn goes up, the prices of all corn-based cereals go up too. Rising prices in turn can really affect or ruin the average home’s budget. So by knowing about the fluctuations of commodity prices, we can make informed decisions in our personal and household financial planning. For instance if we notice that the price of petroleum products goes up in the commodity market, then we can plan ahead on how to mitigate the additional cost of using our cars.

3. Why commodity prices go up.

There are three reasons why prices go up:

Inflation. Basically this is when money buys less because it lost value. Imagine a family of ten has $10, that will give them 1$ each. If another member is added to them and they are now 11, the $1 of each member is now $0.90. Suddenly they realized that their money will just trickle out of their hands so they decided to spend before there are 12 of them. By doing this, they triggered a panic-driven demand causing the prices to rise further.
Low supply. This simply means there’s not enough to go around so sellers will try to make the most out of it, because soon they’ll have nothing to sell anyway.

More demand. Sellers want to maximize their profits, so when people are buying, they increase their prices to have more profit.

Watch out for our updates on commodity prices, present economic standing of the key players in our commodity market, and a lot more things in our economy that you deserve to know and understand.

Here’s How to Make Money out of Your Hobby

crochetPeople who are successful in their fields usually share this common secret:  they do something that they love to do. Be it baking, travelling, playing golf, writing, dancing, singing the list is endless and crazy. Yes, even your craziest hobby. You can earn bucks from it and yes, you can be rich and famous because of it.  Why? The answer is simple and quite obvious. Doing something that you love makes you happier, more efficient, more positive, excited, determined, focused. These qualities and more are essential to success. How do you make money out of your hobby? Here are three simple things:

  1. Come up with a website. In this day and age, everybody hops into the .com bandwagon. If you’re not online, you’re not counted.  It’s a given fundamental.  If you got a website of your own,  you will have a lot of chances to promote anything that you like people to know. In here,  it isn’t uncool to be blowing your own trumpet. Show them what you’ve got. Showcase your creations. Post whatever you’ve got, pictures and whatnot. Yes, certainly you can do just as much and even so much more such as selling your products. Your possible costumers would come from around the world, how cool is that?
  1. Be active in social media. Make a noise on social networking sites. This will allow you chance to be in the same playing field as with other well-funded businesses. Your website as your virtual store will bill be checked out by everyone without you having to spend so much. Enough social media exposure will no doubt save you heaps of advertising costs. What better way to promote your products and sell than to gather patrons online and let them spread the words about your product.

hobbies

  1. Organize trainings/workshops. This is one way of making others aware of what you’re trying to sell and promote. In your trainings and workshops, people will see you passion about what you’re doing and this will make them patronize your products. Aside from that, these trainings and workshops have fees. They will pay you for teaching them what you’re so good at doing. You can hook up with other enthusiasts to work with you in the activity to save venue and production costs. And don’t you know that there are plenty of advertisers who will give anything to you at a drop of a hat? These advertisers will pay you for announcing them in your program and for displaying their banners.

What’s one thing that you’re very good at? What’s something that comes easy and natural to you? What is it that drives and excites you? Keep at it and just keep going. It comes with it great possibilities for you to succeed and be financially fulfilled.

Are you an entrepreneur, or just a consumer? (Part II)

Here is the second and the last part of our topic on being an entrepreneur and its advantages over being Presentation1merely a consumer. Read on and we hope that you allow these things to encourage and excite you.

 4. Write things down. What was it that I want to say…? Let me check my notebook. Ah, here it is… The human brain, can only remember four things at once.  According to the latest study published in the journal Proceedings of the National Academy of Science, our brain can only remember 3 or 4 things at once.  Good thing I wrote it down. So always keep a pen and a notebook handy at all times. That’s right, a pen and a notebook.  I will not recommend your mobile phone, tablet or laptop where a virus will destroy your what-could-have-been-genius ideas.

5. Never underestimate yourself. Most of us at some point of our lives may have told by an adult, mostly our dads this: “you good for nothing… blah, blah, blah…” That is because he had no idea what we dream, what we aspire to, and what we hope to achieve. We are as good as our dream. What we do with it will determine, on the day of reckoning, whether we have truly lived, or simply existed like cattle all these years. Before you start saying: “but I’m not good at anything” , guess what, you will never be good at anything if you think that the standard for “good” is another person. Stop doing that, it’s a fundamental wrong. It shouldn’t be in the first place. We are all unique creatures designed to complement each other. We have different capabilities for the benefit of others. How do you think the human species survived, and not only survived but dominated the entire world? Make a personal audit. Make an inventory of everything you can do. When I say what you can do, I don’t mean your job description/specification. I’ll bet you, the things that you can do, you don’t have ten friends that can do them. Try an experiment. You are here because you are good for something and whatever that is; it is there for a reason.

6.  Study.  Self-confidence does not mean getting into the ring wearing a blind fold. It’s a hard fact of life that resources are limited. They eventually run out. So we have to make it count. Thus it is important the every step we take toward the realization of our business is well calculated. We can only do so if we are well informed. Study everything; market, competition, your product’s strength and weaknesses. Study anything and everything that you think may have anything to do with your business. Study even yourself. Spare nothing.

7. Failure is not the end. When you’re at the bottom of the stairs, there’s no way to go but up. Success will not thrive without the fertile grounds of failure. Thomas Alba Edison failed one thousand times before getting it right with the light bulb. The best and the greatest were the best and the greatest not because they did not fail but because they keep getting wiser each time they have to rise from failure.

A lot of things set the entrepreneur  and a consumer apart. Oftentimes these things come in great contrast which is why it is supposed to encourage you to tread on the path of the entrepreneur. Being an entrepreneur can ensure more wealth and success and ultimately a better life than what you hope for.

Good Habits, Good Business

phone

Most of us think that a successful business depends on a few really important things such as brilliance, discipline and opportunity. While these things are true, they are not an assurance that everything will run smoothly for you. Taking care of your business first of all means being aware of yourself, what you got to offer, your responsibilities not just as a business person but as a leader. If you’re into business, you’re into leadership. A good leader is someone who has developed good habits that are definitely good for the business. Here’s a few of these good habits that you might want to take note, too.

Be polite. For sure most of us can remember growing up to these instructions from our parents and elders. Being polite means we value others and what they feel. If we know how to value our customers, they surely will value us, too. There’s this trending news about a lady diner in a pizza restaurant where her receipt was labeled “pink fat lady”. That definitely is not a way to treat your customers if you don’t want your pizza business to close down.


Smile before answering the phone.
When your phone rings and you’re in the middle of barking instructions to your cooks and waiters, don’t answer it if you don’t have a moment to pause and smile before answering. Believe me, the caller will hear it when you’re frowning or smiling. I guess there’s no need for me to elaborate why you always have to smile for your customers.

Get to know your customer. Make it a habit to check what’s inside your suggestion box. Yes, it’s not a bad thing to put a suggestion box on your counter. If you want to keep improving, you should be open to suggestions, feedbacks and be open to what your clients want to say. A customer-centered approach means their happiness and satisfaction is all that matters. You owe it to your customers to treat them like the success of your business depends on them, because truly it does.

Give incentives for best customers. Giving away freebies and releasing promos is also a very good habit of a successful business person. It is can be a good motivation for your customers to keep patronizing you. If you want to keep your business, keep your customers. For them, giving incentives means that you recognize them in a more personal level; not just because you want your sales to go up but because you appreciate them being there.entre1

Be kind to your staff/crew. This is last but definitely not the least. Most of the time we overlook them but they are actually just as important. Your staff/crew members are your partners. Treat them like they truly are. Love them and it will make them love their work. If they love their work, they perform will. If they perform well, your business is sure to be a great success!

There are plenty of other habits that we all can develop and allow it to form our character. What matters is our decision to be open to whatever learning we can get from starting any endeavor.

Are you an entrepreneur or just a consumer?

superman

Are you an entrepreneur or just a consumer? Before you answer that, let us first define in simplest terms, what is an entrepreneur. An entrepreneur is someone who creatively uses resources to get more out of life. While a consumer is someone who is trapped in a cycle of making ends meet and stretching the budget until the next pay day. But isn’t this just the way things go for everybody? I thought so too. But I was proven wrong. Here’s why.

A closer look at successful entrepreneurs produced some answers. First, entrepreneurs create jobs. Jobs of course bring food to the table and send the kids to college. In other words, an entrepreneur makes positive contribution to other people’s lives, the economy, and the society as a whole. Second, because of entrepreneurs, we get to enjoy the technologies that make our lives easy today. Third, entrepreneurs enjoy a more flexible schedule that enables them to tend to life’s more meaningful pursuit; such as watching your son’s baseball game, attending your daughter’s piano recital or enjoying an early morning walk with your better half. The list goes on actually; a quick check on the internet will give long lists of other wonderful stuff an entrepreneur enjoys. But my favorite is not part of any list; I also think it’s the coolest and that is the moment when you have to write a check. Not just any check, but a personalized check printed according to my specifications, complete with my company’s name and my name as the owner. How cool can that be!

Becoming an entrepreneur is not as complicated as what the myriads of business literatures say. Often times, those literatures are just trying to sound clever by intimidating you with tons of business jargons. You don’t need a B.B.A or an MBA either, much more a huge inheritance.
What you need is a clear grasp of the following principles.entre

1. You are The Capital. One of the age-old misconceptions about starting your own business is that you need money for capital. On the surface this may appear to be correct but in essence and in truth you can start transforming your ideas into a profitable business even if you have little money or no money at all to start with. All you need is credibility. Money will trickle in if you have an impeccable credibility. If your idea is good it will speak for itself; you don’t need to do much. The real determining factor here is you. Questions like: “Can we trust this person with our money? Or “Can we trust this person to make more money from our money?” How these questions are answered will depend on how much you have invested on your credibility.

2. Spot the Gap. Not everything we need or want is out there, otherwise humanity would have all stopped inventing, discovering, searching, innovating, building, making and improving if we had everything. But we don’t. Keep an eye out all the time. For instance, when shopping for groceries watch for your own unmet needs or for some people: consumer pains. Observe them. Write them down. Try to come up with your own solution. Test those solutions. If you make this your habit, sooner or later, you’ll strike gold.

3. Keep an Open Mind. An idea or inspiration may come from anywhere, anytime or situation.egg Sometimes an idea may hit us in the middle of the night. Don’t dismiss it. Write it down and go back to sleep, you can read it in the morning. Remember there is no wrong or irrelevant idea. They’re simply ideas and each idea is a gift, no matter how miniscule they may appear at the moment they’re bound to come in handy in the future. So welcome every idea that comes knocking as you would welcome a guest.   (Part II coming soon….)

Saving Money Made Easy

saving moneySaving money is easy for some people but for others it requires some vigilant effort.  I have seen people save money out of habit and they make it look so easy. They are ever so artful as far as saving is concerned. I have also seen others struggling to save. Well it’s a start. A better start really. This article is dedicated for the artful savers; these are your ideas after all, and for you who want to save but needs a little help. Here are the seeds of ideas, let it grow and make it bloom.

1.Everything else has multiple uses. Take time to know about the stuff in your kitchen. You will find it profitable, literally. For instance, toothpastes can also work as a silver cleaner. Another is your baking soda, aside from cleaning your oven after roasting the star of Thanksgiving it is also a good mouthwash minus the sting. All you need to do is use it with your toothpaste. There’s another fringe benefit: you need not buy expensive toothpaste when soda is around.

2.Grow what you eat. So you like pepper. What does it take to grow peppers? An agricultural engineer?A rocket scientist? Yes, none of the above. What you need to grow peppers are: seeds, soil, water, pot(optional) and a tiny bit of knowledge about plants, what  you learned in kindergarten is probably enough but if you can’t remember your lessons, Google is always helpful. But then again you can grow loads of other plants; tomatoes, aloe vera (aloe vera makes a wonderful shake, hair care and facial care!), eggplant, etc,. If you do the math on what you spend for these things in a year, you will find the figure shocking.

3.Leftovers do not belong in the garbage. Before you throw that mangled remains of what appears to be pork leg, did you know that it makes a delicious omelet?  Be watchful on food that you can use as ingredient in preparing a whole new different meal. Aside from being free, it’s a lot cheaper than eating breakfast in McDonalds and it’s healthy too.

4.Don’t forget the list. Impulse buying can wreak havoc to our budget.  So before you do the groceries have a list and by all means stick with your list. I understand how attractive some things are in the aisle but it’s just a wrapping. You don’t really want what’s inside. Sticking with your budget may require some self-discipline at first but once you’ve made a habit out it , it becomes easy, really easy.

5.Budgeting. Now this may sound redundant but allow me to share a trick I’ve learned as far as making my salary last until the next payday.  List down every expense you need to pay. Bills, groceries, tuition, mortgage/rent and so on. Bring your money out too and divide it accordingly. Then label it using paper clip and a piece of paper. That way you will clearly see how much goes to which account. This will keep you from over spending since every time you open your wallet, the labels will faithfully remind you.

These are but a few things you can do. In reality, the sky is the limit if you want to save money. Saving money can and will do wonders to your finances. For some who had been doing it, keep up the good. As for those who are just getting into it, a little self-discipline can go a long way. How we think about money and how we handle it depends on our attitude too. If we have the right attitude, we can get the most out of money and not the other way around.