Starting Your Own Business Guide | Condura Philippines

Condura as a Long-Term Business
Partner of the Filipino People

A Filipino’s determination in building up, maintaining, and expanding his or her business or “negosyo” is definitely impressive and unbeatable. Condura has been around for a long time, helping out every Filipino who dreams of being a successful business owner someday. For over 30 years, Condura has been continuously supporting every “negosyo” by providing the most durable and practical products that are made especially for every type of business.

Moreover, Condura was the first to provide its “negosyo” partners with warranty that covers use of its products for business purposes.
Being a long-time business partner of the Filipino people, Condura has always been inspired by the strength, courage, and resiliency of a Filipino to succeed regardless of the circumstance. With this, Condura has one thing in mind when it comes to “negosyo,” and it’s about making things more accessible, convenient and practical to the average Filipino.

Through this page, Condura aims to be part of your “negosyo” journey by providing a wide array of learning resources and information that would help you and your business in every step of the way.

A Filipino’s determination in building up, maintaining, and expanding his or her business or “negosyo” is definitely impressive and unbeatable. Condura has been around for a long time, helping out every Filipino who dreams of being a successful business owner someday. For over 30 years, Condura has been continuously supporting every “negosyo” by providing the most durable and practical products that are made especially for every type of business.

Moreover, Condura was the first to provide its “negosyo” partners with warranty that covers use of its products for business purposes. Being a long-time business partner of the Filipino people, Condura has always been inspired by the strength, courage, and resiliency of a Filipino to succeed regardless of the circumstance. With this, Condura has one thing in mind when it comes to “negosyo,” and it’s about making things more accessible, convenient and practical to the average Filipino.

Through this page, Condura aims to be part of your “negosyo” journey by providing a wide array of learning resources and information that would help you and your business in every step of the way.

Condura Guide To Starting Your Own Business

01

Plan Your Business

Make your “negosyo” feasible and functional in the long run by planning it properly.
  • Spot your potential clientele
  • Identify their needs that your enterprise can address
  • Determine your firm’s requirements, including the capital, taxes, licenses, and receipts

02

Supplier Sourcing

A reliable supplier can lessen the possible loss of earnings through these best practices:
  • Providing excellent-quality goods
  • Offering reasonable prices
  • Delivering orders on time

03

Register Your Business

Avoid legal issues that can disrupt your operations by following government requirements for businesses.
  • Business Registration – DTI (sole proprietorship), SEC (partnership and corporation), and CDA (cooperatives)
  • Mayor’s Permit
  • Municipal License
  • SSS, BIR, and DOLE filings

04

Finance Your Business

Handling your finances wisely guarantees your “negosyo’s” survival.
  • Minimize expenses
  • Keep business and personal funds separate
  • Avoid credit with high interest rates

05

Sustainability of Business

Appropriately manage your “negosyo’s” operations to ensure its longevity.
  • Set measurable business goals
  • Keep your enterprise’s activities aligned with its objectives
  • Carefully monitor your income and expenditures

06

Business Expansion

Visualize how your “negosyo” will be in the succeeding years.
  • Determine the steps you will take to achieve the future you envisioned for it
  • Improve your existing products and services
  • Plan for new goods and services

01

Plan Your Business

Make your “negosyo” feasible and functional in the long run by planning it properly.
  • Spot your potential clientele
  • Identify their needs that your enterprise can address
  • Determine your firm’s requirements, including the capital, taxes, licenses, and receipts

02

Supplier Sourcing

A reliable supplier can lessen the possible loss of earnings through these best practices:
  • Providing excellent-quality goods
  • Offering reasonable prices
  • Delivering orders on time

04

Register Your Business

Avoid legal issues that can disrupt your operations by following government requirements for businesses.
  • Business Registration – DTI (sole proprietorship), SEC (partnership and corporation), and CDA (cooperatives)
  • Mayor’s Permit
  • Municipal License
  • SSS, BIR, and DOLE filings

04

Finance Your Business

Handling your finances wisely guarantees your “negosyo’s” survival.
  • Minimize expenses
  • Keep business and personal funds separate
  • Avoid credit with high interest rates

05

Sustainability of Business

Appropriately manage your “negosyo’s” operations to ensure its longevity.
  • Set measurable business goals
  • Keep your enterprise’s activities aligned with its objectives
  • Carefully monitor your income and expenditures

06

Business Expansion

Visualize how your “negosyo” will be in the succeeding years.
  • Determine the steps you will take to achieve the future you envisioned for it
  • Improve your existing products and services
  • Plan for new goods and services

Questions to ask before starting a business?

Business can be a stable source of income but for your venture to succeed, you have to know what you are getting into. You must be fully aware of the demands and expenses of opening and running a business. Before implementing your business idea, you should first answer the questions below:

1. What are the factors motivating me to start a business?
2. Is my business feasible?
3. What unmet consumer needs can my business fill?
4. Who are my target customers? will my business provide?
5. How will I acquire capital for my business?
6. Can I expand my business in the future?
7. Are there already other businesses that are supplying the products and services that I plan to provide?
8. What sets my products and services apart from my competitors?
9. How will my products and services meet my target customers’ needs?
10. Am I ready to invest time, effort, and money to make my business succeed?
11. Do I have the skills required to efficiently run my business on a daily basis?
12. What are my business’ short- and long-term goals?
13. Do I have in-depth knowledge of the business that I am planning to open?
14. Can I establish my business by myself?
15. Which are the best organizational and legal structures for my business?
16. Can I afford to hire employees?
17. What are my tax and legal duties?
18. Am I capable of promoting my business to potential clients and investors?

Questions to ask before starting a business?

1. Why am I starting a business?
2. What kind of business do I want?
3. Who is my ideal customer?
4. What products or services will my business provide?
5. Am I ready to spend the time and money needed to get my business started?
6. What makes my business idea and the products or services I will provide different from others in the market?
7. Where will be my business located?
8. How many employees do I need?
9. What types of suppliers do I need?
10. How much capital do I need to start?
11. Will I need to get a loan?
12. How soon will it take before my products or services are available?
13. How long do I have until I start making a profit?
14. Who are my competitors?
15. How will I price my product compared to my competition?
16. How will I set up the legal structure of my business?
17. What taxes do I need to pay?
18. What kind of insurance do I need?
19. How will I manage my business?
20. How will I market my business?

Questions to ask before starting a business?

Business can be a stable source of income but for your venture to succeed, you have to know what you are getting into. You must be fully aware of the demands and expenses of opening and running a business. Before implementing your business idea, you should first answer the questions below:

1. What are the factors motivating me to start a business?
2. Is my business feasible?
3. What unmet consumer needs can my business fill?
4. Who are my target customers? will my business provide?
5. How will I acquire capital for my business?
6. Can I expand my business in the future?
7. Are there already other businesses that are supplying the products and services that I plan to provide?
8. What sets my products and services apart from my competitors?
9. How will my products and services meet my target customers’ needs?
10. Am I ready to invest time, effort, and money to make my business succeed?
11. Do I have the skills required to efficiently run my business on a daily basis?
12. What are my business’ short- and long-term goals?
13. Do I have in-depth knowledge of the business that I am planning to open?
14. Can I establish my business by myself?
15. Which are the best organizational and legal structures for my business?
16. Can I afford to hire employees?
17. What are my tax and legal duties?
18. Am I capable of promoting my business to potential clients and investors?