Results 31 to 40 of 49
-
May 26th, 2008 05:12 PM #31
But don't be over-leveraged. If you can put up 50% of the capital needed that would be the best...
-
Tsikot Member Rank 4
- Join Date
- Jan 2007
- Posts
- 2,326
May 27th, 2008 02:33 AM #32
-
Verified Tsikot Member
- Join Date
- Mar 2008
- Posts
- 263
May 28th, 2008 06:50 AM #33[SIZE=4]Problema ng small entrepreneurs, hindi nla maabot ang proper economies of scale par maging talagang competetive sa target market nila.
Maliban d2, to many of the "entrepreneurs" are actually dreamers motivated to just putting up business just to give glamour to their names and not really focused in understanding the nature of the business they're getting into... blinded by the idea that they HAVE THEIR OWN BUSINESS... kahit na not sure of how they are to approach the reaching of their target markets.
[SIZE=4]The biggest problem of small entrepreneurs na hindi nila maabot ang proper economies of scale par maging talagang competitive sa target market nila maybe corrected by going cooperative with the proper management training and with the built in tax incentives plus all out support imposed on the government -- obligated to assist cooperatives as promulgated in the Cooperative Republic Act.
[/SIZE][/SIZE]
-
May 28th, 2008 07:46 AM #34
Im sure more PInoys will be forced to be self-employed with this news
Manila Times
May 28,2008
Manufacturing Resumes Contraction in March..
Darwin G. Amolejar
FACTORY output last March resumed its contraction as manufacturers of food, tobacco, petroleum and textiles cut production due to higher inflation and the anticipated slowdown in the domestic economy, the National Statistics Office (NSO) reported Tuesday. In its Monthly Integrated Survey of Selected Industries, the NSO reported that the volume of production index (VOPI) dropped by 5.9 percent in March from the revised 6.3-percent growth in February. A year ago, the country’s manufacturing output fell 7.6 percent.
Besides food, tobacco and textiles, the NSO blamed the contraction on the double-digit declines in the production of machinery except electrical, furniture and fixtures, publishing and printing, miscellaneous manufactures, food manufacturing, fabricated metal products and electrical machinery.
On a month-on-month basis, the VOPI grew by 0.9 percent due to the two-digit increases in production of non-metallic mineral products and basic metals.
The NSO said only 9.7 percent of the 100 manufacturing firms surveyed operated at full capacity in March. The average capacity utilization of these factories stood at 80.2 percent.
More than half or 59.1 percent of the establishments operated at 70-percent to 89-percent capacity and 31.2 percent operated below 70-percent capacity.
In terms of value, factory output also reversed to a 5-percent drop in March from the 7.4-percent growth in February.
“This was primarily due to the sluggish performance in production observed in the following sectors: machinery except electrical, furniture and fixtures, miscellaneous manufactures, tobacco products, textiles, electrical machinery, fabricated metal products and publishing and printing,” the NSO said.
On a month-on-month basis, value however improved by 1.7 percent owing to the double-digit increases in production value of non-metallic mineral products, basic metals and beverages.
The value of net sales dipped by 0.2 percent during the period, while sales volume slid by 0.2 percent.
-
May 28th, 2008 08:17 AM #35
Agree here, one of the main reasons why we see more Pinoys going into self-employment is that we are being kicked out of work as manufacturing and other employment opportunities are moving out of the country and 'equal opportunities employment' is not the edict in our country. Sadly, the government is not lifting a finger to reverse the situation..... If there is hint of that,- it is just for 'showmanship and audience impact' (pagpapa-pogi) ....
As I was telling my co-workers here, worst thing that can happen is that we all have our own sari-sari stores and nobody buys from us....
6110:pepsi:
-
BANNED BANNED BANNED
- Join Date
- Feb 2008
- Posts
- 457
May 29th, 2008 01:28 AM #36if entrepreneurs are vain by using their own names/skills to market their business, short term lang
true entrepreneurs are one who innovate but stay outside the limelight pero yun skill nila carefully passed sa subordinates
-
May 29th, 2008 02:39 AM #37
Just wondering...everywhere I look, a lot of items available in our market is coming from neighboring countries...like taiwan..china..etc.
I just can't beleive na even simple things like ballpens..erasers..toothbrush...nanggagaling pa sa china.
I feel na this is one of the contributors of unemployment in our country. Government does not help protect the local industry. They favor the big importers..patay ang local industry. How can we become economically stable..kung puro buy and sell (imported/ smuggled goods) lang ang nagiging negosyo nowadays.
-
Tsikot Member Rank 4
- Join Date
- Jan 2007
- Posts
- 2,326
May 29th, 2008 05:14 AM #38By accident or design napakarami at napakalaki ng problema ng mga manufacturer sa Pilipinas:
1. High production cost. Since we hardly produce industrial raw materials (forget semi-processed goods), nearly everything you need has to be shipped over poor infrastructure and low-efficiency methods using fuel soaring beyond the atmosphere. And let's not forget the high price of electricity which the GSIS thinks the GOVERNMENT is in the best position to fix (hey, if it were a gambling venture, I'd say yeah!).
2. High cost of doing business. Manufacturing attracts all sorts of vultures. This is because they are not only highly visible, but they present rich, fat bulls-eyes to corrupt vultures who think manufacturing companies have tons of money to burn (now you know why the manufacturing facilities of many chinese look like they're straight out of a sweat shop despite decent incomes). And since they ARE highly visible, government has taken very many steps to ensure they can't get away from their duties and taxes ON TOP of the hefty bribes (now you know why they also establish and maintain CONNECTIONS).
3. High cost of labor. What? Isn't our pay low enough what with the leftists marching in the streets all the time? Nooo. First of all, we have to remember that globalization applies to labor the same way it applies to products. Sure, our labor cost is way lower than North America and Europe but we also have to compete with China, India, and even Africa for cheap labor. We can say we're generally more skilled (if indeed we are) but that skill goes out the window if the former 2 points mean all we'll be producing are Jeans, T-Shirts, and Sio Mai (with imported ingredients). Besides, nightmares of industrial-age sweatshops mean our labor department can be just as, if not more, difficult than their western counterparts! And the unions? -- might as well close shop, it'll at least be a self-determined death ala Kervorkian.
4. Low margins. Theory says that the more value-added product/process should enjoy the fruits of better returns/margins, right? Generally, yes. Unfortunately, the impact of globalization which may make our labor relatively expensive can do the same for our product. In other words, if we produce something using mostly imported raw materials for sale here and abroad we would have to compete with a competitor's product of same or similar quality produced elsewhere with lower cost and sold internationally. Therefore, even our talcum powder is made elsewhere.
So the only manufacturers left will be those who can overcome some, if not most, of these hurdles somehow, somewhere -- all 5 of them. I don't think we'll run out of buyers (yet) though. Our labor exports are still plentiful -- good thing their cost of production is quite low and do not suffer overly much from the other 3 downsides!
-
Verified Tsikot Member
- Join Date
- Mar 2008
- Posts
- 263
May 29th, 2008 07:14 AM #39[SIZE=4]We should assess our strong points... what are the resources we have that can compete.
The reason why we have high production cost, high cost of doing business, high cost of labor and low margins is due to the mismatch of resources and organizational structures.
We try to be an eagle hunting rats when we are sparrows that the rat is bigger in size.
We must be humble enough to accept our present position and build with whatever resources we have and aim for target markets yet untapped (and there are many of these especially in the area of nutrition and health).
We also have to use our natural innovative minds in matching resources with modifications in product designs and organizational set up to have the right cost effectiveness to attain profitability. This is a matter of studies on a case to case basis that no generalization can be proposed.
KSC
[/SIZE]
-
May 30th, 2008 06:54 PM #40
alas, much as we might want to rely on our noses, we may not use our noses to do emissions...
LTO accredited emission testing centers