The biggest challenge for a new entrepreneur is always the money to start a business. In all the aspiring entrepreneurs I have spoken, around 90% of them think that the reason they cannot start a business is because they do not have enough capital. Capital can mean many things. It can mean money, product, ideas or skills. For this article, the focus will be on the first two I mentioned (more on sources of money or cash) One of the goals of Innove is to make entrepreneurship simple so everyone can do it. Part of making it easy to do is to provide different sources where one can get money to start a business. Now, it will just depend on you if you will get up and go after you read this article. Continue reading →

Genchi Genbutsu is one of the principles of management which is employed by Toyota.  In English, Genchi Genbutsu means, go see for yourself.  Normally in big companies, managers rely on data to make their decisions, but in Toyota everything  must be verified by the human eye. Though the car maker is a big company, the principle can be applied to micro and small enterprises owners by understanding what it takes to go and see for yourself. Continue reading →

I always get heart stopping moments when I see my cash going our faster than sales coming in. It gives me the dreaded thought of closing shop, and do I spend sleepless nights thinking how to increase it and where to get more. The last one happened several years ago when what I have left in the bank could no longer pay for the month end expenses. That time I realized the cash is king and that I always need to have plenty of it in the bank.  I don’t want you to go through sleepless nights so I am writing this article that will talk about growing your cash (I also use the techniques in my business). Continue reading →

The economy of the Philippines is booming  and everyone’s spending mood is high. This current state makes it a good time to start a business. My readers always ask me what businesses they can get into. So I ask them what they want to do. Most of them tell me they want to start something easy to do and will not take much of their time. After several interactions with readers, I have noticed a trend in the business ideas I normally advice them to do. Continue reading →