Why a franchise? There are a lot of advantages to starting a franchise business. The best one is that it is generally accepted that franchises have a higher rate of success compared to startup businesses. Another is that you won’t be starting from scratch. A big chunk of the work of starting a business has already been done by the franchisor. You’ll be benefiting from the franchisor’s previous experience in running a business, and from a proven business system. Also, the franchisor will be your business partner. He will provide you with everything you need to start a business. This...
Money-saving tips
Are you working outside the country for a better, bigger pay? While you’re happy with the amount of money you receive every month, there’s a big temptation in the picture- misuse of hard-earned money all for unnecessary wants. That’s why we share these 7 smart tips on how to save your hard-earned money. Evaluate your state. Remember that there is a lot of things to consider when working, especially abroad. Do you want to save money? Start by evaluating your costs. What are your regular expenses regarding food? Rent?  Your whole cost of living on a regular basis. Give time to create your system, a...
To prepare for the future is any working Filipino’s goal in life. This means a lot of things: education for the kids, health insurance for medical emergencies, or a secured retirement or a convenient house. Such aspirations have prompted many Filipinos to seek employment abroad since better-paying work opportunities are still scarce in the country. To date, there are over 2 million overseas Filipino workers (OFWs) who have been working around the world. This does not include the undocumented Filipinos who have acquired employment in many countries after gaining entry through tourist visas. Nevertheless, the remittances they are sending back...
Have you ever been duped or lured into investing your hard-earned money as an OFW by the promise of high returns in an unscrupulous financial investment scheme? If yes, sad to say, you are not alone as more and more OFWs have fallen prey to numerous fraudulent transactions. Needless to say, these scams eventually lead to loss of trust and confidence among friends whose only wish was for their earnings to generate the promised high yield returns. Are there practical tips on how to protect yourself from fraudulent investment schemes? The answer is yes. However, you have to bear in...
This week, we celebrated National Heroes’ Day and remembered men and women who gave their lives for our country’s independence. Today, we have another kind of hero fighting around the world to secure a brighter future for Filipinos – the overseas Filipino workers or OFWs. It’s time we also paid tribute to these unsung heroes who toil and work thousands of miles away from home, for a better life for their loved ones. All OFWs leave the Philippines with one goal – to earn money that they can send back home to help their families. Almost all OFWs look forward...
Almost exactly 12 years ago, $1 was worth more than P56. Five months later, it was down to less than P52, and in due time went as low as P40. Other currencies in the region moved similarly, as weakness in the US economy and the dollar was driving it all. Government economic managers asserted then that the rising peso (that is, the falling peso-dollar exchange rate) was good news for Filipinos. Last week, the exchange rate breached P51 to the dollar anew. It was under P50 five months ago, and just above P46 a year ago. The rapid fall of...