This blog contains about business. Tips that would help you make your own business and list of companies here in Dumaguete City and in the Philippines.
This is a ranking list of companies of the Philippines. Only top dozen Best Companies of the Philippines, according to different criteria, are presented. The ranking is in particular based on the number of occurrences of each company of the Philippines in web pages, news, pictures and people votes in corresponding context.
Do you struggle to respond to complaints? Complaints are not all treated equally. Most managers welcome and can deal with a complaint that is valid and objectively expressed. Complaints that seem trite, invalid, or resemble whining are more difficult to handle.
Don’t be defensive
When dealing with complaints, we are often our own worst enemies! Taking complaints personally makes it more difficult to resolve the matter and move on. Managers who can focus on the information and the resolution without getting defensive will find complaints less disruptive and cumbersome.
Understand the facts
The person is complaining for a reason. Before jumping to any conclusions, learn the facts of the situation. Look at the issue from all sides and ask the person to explain his or her view.
Listen fully
When a person complains, he or she wants to feel as though you have listened and understand. Ask clarifying questions to ensure you understand the situation and to show you are listening. Empathize when appropriate and apologize for mistakes. Listen for what the person wants to happen next, because it is often reasonable and easy to accommodate requests.
Acknowledge the person’s feelings
You do not have to agree with the person to recognize how they are feeling. Saying things like, “I can see you are frustrated,” or “I understand this ordeal has been annoying to you,” will go a long way toward diffusing the complainer’s anger.
Try to solve the problem or offer alternatives
The quickest way to take care of complaints is to solve the issue. This may seem like common sense, but many managers allow complaints to linger and go unresolved. If a solution is not possible, it is important to offer an alternative to resolve the complaint.
Thank people for constructive complaints
Receiving complaints can be a good thing because it signals that communication lines are open. Constructive complaints can help managers identify problems and address barriers. Listening to and thanking others for sharing complaints will strengthen relationships.
Involve the right people
You may not be the best person to resolve a complaint and will want to bring in others to address the concern. This does not mean that you can wash your hands of the complaint! As the “complaint receiver” you are responsible for ensuring the person gets a response.
Provide the facts
Team members are more likely to gripe and groan about a decision they do not understand. You can resolve many complaints by clarifying team members’ questions and concerns. Managers who take the time to explain decisions upfront prevent many complaints from occurring.
Ask for complaints
Managers who ask for complaints will find that team members express their concerns more objectively and openly. Inviting complaints reduces the likelihood the person will be upset and emotional. It is a way to nip problems in the bud and solve problems before they are able to fester and grow. Try setting aside the last 15 minutes of each staff meeting to discuss complaints.
Prevent complaints
Active MBWA and open communication can go a long way toward preventing team member and peer complaints. Often, a complaint is really a second or third attempt to share and be heard. Managers should recognize and respect diverse points of view and areas of disagreement.
Here are the Top 10 richest person in the world with their business:
No.1 Carlos Slim Helu
$53.5 billion - Telecom, Mexico.
Telecom tycoon who pounced on privatization of Mexico’s national telephone company in the 1990s becomes world’s richest person for first time after coming in third place last year. Net worth up $18.5 billion in a year. Recently received regulatory approval to merge his fixed-line assets into American Movil, Latin America’s biggest mobile phone company.
No.2 Bill Gates
$53 billion - Microsoft, U.S.
Software visionary is now the world’s second-richest man. Net worth still up $13 billion in a year as Microsoft shares rose 50% in 12 months, value of investment vehicle Cascade swelled. More than 60% of fortune held outside Microsoft; investments include Four Seasons hotels, Televisa, Auto Nation. Stepped down from day-to-day duties at Microsoft in 2008 to focus on philanthropy.
No.3 Warren Buffett
$47 billion – Investments, U.S.
America’s favorite investor up $10 billion in past 12 months on surging Berkshire Hathaway shares; says U.S. has survived economic "Pearl Harbor," but warns recovery will be slow. Shrewdly invested $5 billion in Goldman Sachs and $3 billion in General Electric amid 2008 market collapse. Recently acquired railroad giant Burlington Northern Santa Fe for $26 billion.
No.4 Mukesh Ambani
$29 billion- Petrochemicals, oil and gas. India.
Global ambitions: His Reliance Industries, already India’s most valuable company, recently bid $2 billion for 65% stake in troubled Canadian oil sands outfit Value Creations. Firm’s $14.5 billion offer to buy bankrupt petrochemicals maker LyondellBasell was rejected. Since September company has sold Treasury shares worth $2 billion to be used for acquisitions. Late father, Dhirubhai, founded Reliance and built it into a massive conglomerate.
No.5 Lakshmi Mittal
$28.7 billion – Steel, India.
London’s richest resident oversees ArcelorMittal, world’s largest steel maker. Net profits fell 75% in 2009. Mittal took 12% pay cut but improved outlook pushed stock up one-third in past year. Looking to expand in his native India; wants to build steel mills in Jharkhad and Orissa but has not received government approval. Earned $1.1 billion for selling his interest in a Kazakh refinery in December
No.6 Lawrence Ellison
$28 billion – Oracle, U.S.
Oracle founder’s fortune continues to soar; shares up 70% in past 12 months. Database giant has bought 57 companies in the past five years. Completed $7.4 billion buyout of Sun Microsystems in January; acquired BEA Systems for $8.5 billion in 2008. Studied physics at U. of Chicago; didn’t graduate. Started Oracle 1977; took public a day before Microsoft in 1986.
No.7 Bernard Arnault
$27.5 billion - Luxury goods, France.
Bling is back, helping fashion icon grab title of richest European as shares of his luxury goods outfit LVMH–maker of Louis Vuitton, Moet & Chandon–surge 57%. LVMH is developing upscale Shanghai commercial property, L’Avenue Shanghai, with Macau billionaire Stanley Ho.
No.8 Eike Batista
$27 billion - Mining, oil. Brazil.
Vowing to become world’s richest man–and he may be on his way. This year’s biggest gainer added $19.5 billion to his personal balance sheet. Son of Brazil’s revered former mining minister who presided over mining giant Companhia Vale do Rio Doce got his start in gold trading and mining.
No.9 Amancio Ortega
$25 billion - Fashion retail, Spain.
Style maven lords over Inditex; fashion firm, which operates under several brand names including Zara, Massimo Dutti and Stradivarius, has 4,500 stores in 73 countries including new spots in Mexico and Syria. Set up joint venture with Tata Group subsidiary to enter India in 2010. Betting on Florida real estate: bought Coral Gables office tower that is currently home to
Bacardi USA.
No.10 Karl Albrecht
$23.5 billion - Supermarkets, Germany.
Owns discount supermarket giant Aldi Sud, one of Germany’s (and Europe’s) dominant grocers. Has 1,000 stores in U.S. across 29 states. Estimated sales: $37 billion. Plans to open New York City store this year. With younger brother, Theo, transformed mother’s corner grocery store into Aldi after World War II. Brothers split ownership in 1961; Karl took the stores in southern Germany, plus the rights to the brand in the U.K., Australia and the U.S. Theo got northern Germany and the rest of Europe.
A business (also known as company, enterprise, or firm) is a legally recognized organization designed to provide goods, services, or both to consumers or tertiary business in exchange for money. Businesses are predominant in capitalist economies, in which most businesses are privately owned and typically formed to earn profit that will increase the wealth of its owners. The owners and operators of private, for-profit businesses have as one of their main objectives the receipt or generation of a financial return in exchange for work and acceptance of risk. Businesses can also be formed not-for-profit or be state-owned.
The etymology of "business" relates to the state of being busy either as an individual or society as a whole, doing commercially viable and profitable work. The term "business" has at least three usages, depending on the scope — the singular usage (above) to mean a particular company or corporation, the generalized usage to refer to a particular market sector, such as "the music business" and compound forms such as agribusiness, or the broadest meaning to include all activity by the community of suppliers of goods and services. However, the exact definition of business, like much else in the philosophy of business, is a matter of debate and complexity of meanings.
In business there are also business ethics that needs to be follow.Business ethics (also known as corporate ethics) is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical problems that arise in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individuals and business organizations as a whole. Applied ethics is a field of ethics that deals with ethical questions in many fields such as medical, technical, legal and business ethics.
Business Ethics also can be defined as the behavior that a business adheres to in its daily dealings with the world. The ethics of a particular business can be diverse. They apply not only to how the business interacts with the world at large, but also to their one-on-one dealings with a single customer.Many businesses have gained a bad reputation just by being in business. To some people, businesses are interested in making money, and that is the bottom line. It could be called capitalism in its purest form. Making money is not wrong in itself. It is the manner in which some businesses conduct themselves that brings up the question of ethical behavior.
Creating and sustaining your own business is still the surest way to wealth. It is by far the more difficult route to take, but many have succeeded. There is a fallacy mindset that you need money in order to start a business. The purpose of this article is to challenge that mindset. Possessing the right knowledge and having perseverance and dedication is more important. Being prepared to fail a few times is also vital to your ultimate success.
Here are some tips on how to start your own business without money:
'Grow' some passion and determination. Determination is the separating factor. Passion drives determination. Find some areas you are passionate about and grow your skills in those areas through studies, training courses and the practical application of knowledge and skill. Find ways to make money out of your passion rather than resorting to making the niche that makes you money your passion.
Be prepared to reinvent yourself. Flexibility is also a great asset as you may have to ‘reinvent’ yourself a few times to find the right slant to tackle the niche you have chosen to operate in. Be prepared to give up one niche for another in the short term, moving with the times and changes in the economic climate and consumer demand.
Conduct a few tests run on your ideas to evolve them. Preparation and planning is vital before setting out on any venture. Business plans are evolving documents. Draft one and then ignore it for one year. Compare the practical rolling out of your business venture with your original business plan, and then refine the plan again. Work on this at least once a year going forward. Favor the least expensive idea over the cost-heavy one.
Start your business whilst still employed. 90% of entrepreneurs started off as employees in some or another capacity prior to venturing out on their own. Firstly, never sign an employment contract containing a restraint of trade. Then, once you have adequate knowledge and experience, the ideal is to make the transition from a full time employee to a consultant, still in the same industry or even better, within the same Company. Slowly set yourself free from your familiar working environment in this manner. This allows you a soft landing, which is good for your mind and emotions and also gives you opportunity to have more flexibility of time in order to grow business opportunities and test business ideas without impacting your pocket too adversely within the first vital year of trade.
Find opportunities to build skills you require to succeed in the area you intend operating in, with as little cost as possible. Find ways to make lucrative deals with training institutions or Companies to have them pay for your training in exchange for services rendered. We live in a results-driven society.
Remember that the customer is most important. Always understand what the customer wants. Derive the best way to satisfy those wants. The main focus of any business is customer satisfaction. (secondary focus should then be quality, cost/profit, appearance, function of product/service, etc etc...)
Let your creativity replace your money. Get back to basics. Leverage and minimize the need for cash and aggressively increase sales activity through developing and implementing creative ideas and concepts. Always think big. Take massive action towards your goals and persist until you succeed.
Remember you are your best employee. Keep it small and cost free in the beginning. Be loathe and hesitant to employ people, unless you are guaranteed of their return on investment. If this is a gray area, rather don’t do it. Salaries are usually the greatest management expense in any business. You want to keep these costs as low as possible, in the beginning and throughout the life cycle of your business.
Involve your family in your business (wife, husband and children). Give them joined ownership of the success of your business. Many large Corporations have been in family generations for years. At the very least, entrepreneurs who started these great Companies have, in their children, totally dedicated Company leaders who can be entrusted with anything. Make sure your family agrees what you are planning to do. This is because you will use the family resources, the time, the money, the health, the nerves. After becoming the boss in your business you may soon become bossy in your family too. To avoid jeopardizing your family-life, discuss the business rules with your family and stick to the agreed plans. After all it still may be fun to run a family business, but things can go terribly bad, if you divorce yourself from your family-life.
Try to avoid Partnerships. Few were made in heaven. Most were born in hell. Rather make people ‘partners’ in various aspects, but never sign anything on a dotted line in this regard. Be careful when using the term ‘partner’ with business associates, as the legal concept of promissory stoppers (the spoken word superseding a written contract) might bite you at a later stage, especially if you start making money.
If you have a home, this is where your first office has to be. Write off a part of your home to ‘rental’ in your books, and pay this money into your bond, if you have one. The reason for suggesting this is obvious.
Build your ability to barter. When all else fails, negotiate. This is often the dividing line between a full time employee of a Company and an entreprenuer. In some countries, you have to negotiate a price for virtually anything. Try visiting one of those countries for a while to get some fun practice in. This is a skill you need to build as it requires strategic know-how and confidence. Take risks (but protect your legal rights) and you may be pleasantly surprised at the outcome.
Give discounts and offer better value for money than competitors. Money talks. Consumers want value for money and abhor the idea of being ‘ripped off’. Make good on your promises and never be tempted to engage in false advertising as it will ruin you and your business’ reputation in no time. Ensure your profit margins are protected when deciding on this aspect.
Make up for the absence of money with hard work. If you enjoy what you do, investing long hours in your business will often feel like ‘fun’ and you will do it willingly. If you are forced to do something you don’t enjoy too much to bring in income (only allow this for short term spurts) and are required to spend excess time doing it; ensure you carefully manage your stress levels. You may experience burnout before you start making real money or get anywhere in the ventures you are truly passionate about. This is a sure path back to becoming a paid employee all over again.
Know your rights. Having sound knowledge of Commercial Law, especially the Law of Contract and your Countries’ Legislative requirements in as far as business owners are concerned is important to succeed as an entrepreneur. Seeking Legal Counsel for every small aspect concerning the law will bankrupt you in no time. Rather build this skill and knowledge as far as you can before you begin forking out money to pay for it.
Look after your physical, mental and emotional state. If you lose your health, you lose it all. A healthy body, mind and soul (emotions included) are vital to success as a business owner. Try and get some income protector insurance in place as a self-employed person cannot afford to lose income to this possibility. Your gym fee is an important monthly expense and don’t be tempted to compromise on that when finances become tight. Keep grounded in your faith as you will need strength of spirit to survive the ‘jungle’ out there.
Get the balance right. Live life within balance. Even when you are starting out a business without a cent in the bank. Losing your balance and perspective in life will make you poorer in the long run and is never a risk worth taking. Never miss a night’s sleep. Additionally, it is a bad idea to be taking drugs to aid your performance ability or to meddle with your regular healthy eating and exercise plans. This will break you down and cause you to make irrational, emotional decisions which are never a good thing in business.
Here are some advice on starting a business to ensure the success:
1) Do what you love.
You're going to devote a lot of time and energy to starting a business and building it into a successful enterprise, so it's really important that you truly deeply enjoy what you do, whether it be running fishing charters, creating pottery or providing financial advice.
2) Start your business while you're still employed.
How long can most people live without money? Not long. And it may be a long time before your new business actually makes any profits. Being employed while you're starting a business means money in your pocket while you're going through the starting a business process.
3) Don't do it alone.
You need a support system while you're starting a business (and afterwards). A family member or friend that you can bounce ideas off and who will listen sympathetically to the latest business start up crisis is invaluable. Even better, find a mentor or, if you qualify, apply for a business start up program.
4) Get clients or customers first.
Don't wait until you've offically started your business to line these up, because your business can't survive without them. Do the networking. Make the contacts. Sell or even give away your products or services. You can't start marketing too soon.
5) Write a business plan.
The main reason for doing a business plan first when you're thinking of starting a business is that it can help you avoid sinking your time and money into starting a business that will not succeed.
6) Do the research.
You'll do a lot of research writing a business plan, but that's just a start. When you're starting a business, you need to become an expert on your industry, products and services, if you're not already. Joining related industry or professional associations before you start your business is a great idea.
7) Get professional help.
On the other hand, just because you're starting a business, doesn't mean you have to be an expert on everything. If you're not an accountant or bookkeeper, hire one (or both). If you need to write up a contract, and you're not a lawyer, hire one. You will waste more time and possibly money in the long run trying to do things yourself that you are not qualifed to do.
8) Get the money lined up.
Save up if you have to. Approach potential investors and lenders. Figure our your financial fall-back plan. Don't expect to start a business and then walk into a bank and get money. Traditional lenders don't like new ideas and don't like businesses without proven track records.
9) Be professional from the get-go.
Everything about you and the way you do business needs to let people know that you are a professional running a serious business. That means getting all the accouterments such as professional business cards, a business phone and a business email address, and treating people in a professional, courteous manner.
10) Get the legal and tax issues right the first time.
It's much more difficult and expensive to unsnarl a mess afterward. Does your business need to be registered? Will you have to charge GST or PST? Will you have to have Worker's Compensation Insurance or deal with payroll taxes? How will the form of business you choose affect your income tax situation? Learn what your legal and tax responsibilities are before you start your business and operate accordingly.
Following the advice on starting a business above will make starting a business both a smoother, less stressful process and go a long way towards ensuring the business you start lasts and thrives.
Obdulia's Business Inn is the latest edition to the Hotels in the heart of Dumaguete City. A home with direct access to the city's commercial district with all modern facilities a traveler or businessmen needs.
Obdulia's Business Inn is named in the honor of a mother whose legacy was to provide a home for travelers away from home. The Hotel in Dumaguete is a continuation of this vision and provides a place to stay for those who have affairs in the city.
Obdulia's meets the demands of Dumaguete City's growing tourism and business industry. It is part of the service arm and Negros Island linkage to the Philippine Islands and the rest of the world.
The Hotel is located at the corner of Dumaguetes business district besides Banko De Oro in Perdices Street, corner Colon Pinili Street next to the Cathedral and Quezon Park. Shopping, Business and Entertainment is just a short walk away.
Address: Sta. Rosa St., Dumaguete, Philippines Tel No.: 035 225 0955
D. Uymatiao Trading Corporation
Address:Perdices Street, Dumaguete City
Tag line
Stocks Everything for Builders and DIY
Listing
Uymatiao Trading is by far the best stocked building, fitting and DIY business in Dumaguete. Although some of the prices are a bit higher, this company stocks very high quality goods. Large floorspace and an enormous warehouse contain the usual supplies (from 88gal drums to plywood, piping, bathroom fittings, tools, generators, paint, lighting and just about everything else). Anything not on hand can be ordered in at no extra cost making this a truly one stop shop for all building supplies.
