In continuation of my previous post in buying a business as one way of entering the B-Business Quadrant, another way of entering a business is by buying a business franchise. Say you don’t have the courage for a start-up or the breadth of experience to buy a business. Then maybe franchising is the ideal choice for you. Franchising is a readymade business system that offers a promising avenue into business ownership. A reputable franchise gives you the advantage of a tried and true business

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In one of my previous posts, I mentioned that there are four ways in entering a business: Starting your own from scratch, buying an established business, buying a business franchise, and becoming a distributor of a business. Let us tackle first here “buying a business”. Buying a business eliminates the aspiring entrepreneur the hassles and headaches of a start up business. Before you buy an existing business, Kiyosaki recommends to weigh its pros and cons first: PROS of buying a

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What are the common traits and qualities of billionaires? Note that we are talking here of billionaires, not just millionaires. Billionaires hold most of the world’s riches. They are taipans and tycoons of their respective businesses. I was browsing an article in Yahoo Finance and I found these interesting facts about billionaires. I thought that it’s worth to share with you as you may find some of these qualities interesting and odd. The study was conducted on Forbes 400 richest

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Hello all, as one of the followers of the teachings of the famous Robert Kiyosaki, the author of the best selling book Rich Dad Poor Dad, I would like to invite all to the upcoming Rich Dad Asia Event here in the Philippines this coming November 30, 2009. In cooperation with Laurus Enterprises, the official organizer of Rich Dad Asia here in the Philippines, Bellum Tan, Robert Kiyosaki’s Rich Dad Ambassador to Asia will be coming from Singapore to the Philippines to talk about

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In continuation of my financial education from the famous Robert Kiyosaki, I recently learned about the foundations of a solid business. What does it take for a business to last long? What does it take to build a solid business that is strong enough to survive for at least 50 to 100 years? I would like introduce to you my readers one of the lessons I’ve learned from Robert Kiyosaki and this is about the B-I Triangle. Why did Robert used the triangle to portray the shape of a solid

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As I mentioned to you in my previous post, one of the strategies to get rich mentioned by Robert Kiyosaki is WORK TO LEARN (Strategy No. 2) I know most of us are working nowadays. Most of us start with the E-Employee Quadrant and the main source of our income are our jobs. Robert Kiyosaki suggested that if you are working, you need to be experienced in three essential skills to become financially free. These three skills are LEADERSHIP, MANAGEMENT and SALES AND MARKETING. Let’s discuss

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Each of us wants to become successful investors. We need to invest simply because we want our money to work for us aside from the fact that inflation eats our purchasing power. One of the world’s greatest investor is the second richest person on Earth, the Oracle of Omaha - Warren Buffett.  He became so successful that he now owns several parts of other businesses. What made him so successful as an investor? I recently played a webinar conducted by the famous Robert Kiyosaki and he

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Sales is the heart of every business. You have to make a sale in order for your business to make profits. You have to do a lot of marketing and advertising in order to generate sales. You have to hire the best sales team under your wing to help you generate revenue for your company. We’ve heard a lot of successful sales agents making millions. They have huge sales incentives, huge sales commissions, etc. They are sales representatives selling real estate properties, insurance policies,

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Today, I would like to start featuring different franchise opportunities available to those who want to pursue an established business. In one of my previous posts, I mentioned that there are four ways of starting a business: to start from scratch, buy an existing business, get a franchise, and to be a distributor. Getting a franchise is one of the best way if and only if you have the capital. In this first franchise feature, I would like to kick start by featuring my most favorite fast

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Traveling can be fun, exciting, relaxing, sometimes even exasperating - but it’s rarely cheap. You want to save money whenever possible, but you don’t want to risk losing the money you spent on your trip if you need to change your plans or have a medical emergency while traveling. Should you get a travel insurance or not? In some cases, it makes sense to get a travel insurance. In others, you’re probably duplicating coverage you already have. Many policies offer baggage

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Are you curious to know who are among the top Philippine companies in 2009? The Wall Street Journal recently conducted a survey of top 200 companies in Asia. Their project started in August 2008 when they compiled a lists of Asian companies traded on stock exchanges. A total of 2,622 executives and professionals participated in the survey. Based on their research, here are some of their findings when it comes to the top companies here in the Philippines: In OVERALL RANK, the country’s

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Sales proposals are very important for an entrepreneur to close a sale with a client. With the vast competition that entrepreneurs have nowadays, how can they write a winning sales proposal to be able to win a deal? A sales proposal is just the first communication that you want to establish with a client. Valuing one’s client should be intrinsic to every entrepreneur for them to become successful. Every entrepreneur should commit themselves in a philosophy of serving, and not merely

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Opportunity cost analysis is one of the main foundations used in making financial decisions. In strict accounting terms, opportunity cost is not really a cost or an expense. However, it maybe relevant in making decisions with financial repercussions. Wikipedia says that opportunity cost has been described as expressing the basic relationship between scarcity and choice. When you are torn between making decisions with mutually exclusive results, then one benefit should be sacrificed and

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Almost all Filipinos probably know the Ayalas. There is the famous Ayala Avenue along Makati. It houses one of the business districts here in the Philippines. Ayala is one of the prominent names in Philippine business. They own one of the country’s largest banks, Bank of the Philippine Islands. They own one of the country’s top telecommunication networks, Globe Telecom. They own one of the country’s leading real estate developer, Ayala Land. Other businesses of the Ayalas include water

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