You may be wondering why this post is included in this blog about business and Pinoy Entrepreneurs. Why would it matter if the Philippines’ champion, Manny “Pacman” Pacquiao, defeat the Dangerous David Diaz their WBC lightweight championship fight dubbed “Lethal Combination”? It means a lot. For Manny, it means millions of pesos in big-money earnings. (You do the math: at least US$3 million purse, not including his share in the HBO pay-per-view. Incidentally, you'll have a hard time looking for  youtube videos of the fight because of copyright claim of HBO.). For the rest of us Filipinos, it shows that the Filipino could compete with the best in the world and win. Even with the intense competition in a porous world, the Pinoy could still make it big. Perhaps we could learn from the Pacman.

In the course of running the Business Directory component of the Pinoy Entrepreneurs blog (Pinoy-Business.com), we've made certain observations on the manner that Pinoy Entrepreneurs list their respective businesses. This post is categorized under "Site Help", which would normally mean that this applies only to this blog, but the nature of the discussion below applies to any business directories, listings or online yellow pages that the Pinoy Entrepreneurs might join to further expose their business.

Maybe you've been asked by a friend to act as a co-maker in a loan obligation. You're then asked to sign a promissory note or a debt instrument which designates you as a co-maker. We usually see no problem with signing as a co-maker, especially if it's someone we know and we trust that he/she will pay the debt. I've seen, however, co-makers being held liable because the principal debtor was not able to pay. Perhaps you would want to know the extent of your liability as a co-maker before signing.

There was a previous question, in the post on How to Register a Corporation with the SEC, on the minimum capitalization of corporations. We thought this matter is a bit obvious, as this is provided under the Corporation Code. However, when there are a number of hits to this site on queries regarding the minimum capitalization of corporations, maybe there is a need to have a separate post on this matter (just like the queries on the required number of corporate directors).

As expressed by Vilfredo Pareto, 80 percent of wealth is owned by 20 percent of the population. The Pareto Rule, or the 80-20 Rule had been applied in different areas. It could mean that roughly 20% of what we do produces 80% of our wealth. It could also mean that roughly 20% of the products account for 80% of the sales. There are, of course, variations and deviations to the rule, but that’s not our concern here.

Among the contingencies that most Pinoy Entrepeneurs must face on a regular basis are typhoons. Just yesterday, Typhoon "Frank" (international code name, "Fengshen") visited the Philippines, leaving at least 17 people dead and causing an estimated 300 Million of damage to infrastructure. Definitely there is damage to business and agriculture, but the official figures are not yet in.

 

The topic on whether the Pinoy Entrepreneur is born or made was tackled in a previous post. There was, however, no poll that accompanied it. This time, let's poll the opinions of our readers on whether entrepreneurship is predetermined by birth or, regardless of the circumstances one is born into, anyone could work to become a successful businessman. The poll is found at the left side of this blog. You could also explain your vote through the comment section below.

 

A business entity is only as good as its human resources. This is the reason why companies invest in trainings and seminars for their employees. This is also one of the reasons why employers provide for non-competition clause to prevent their employees from working with a competitor or engaging in a similar business within a certain period.