Entrepreneurship PDF

KINDS OF BUSINESSES  RETAILING Retailing involves selling goods or services directly to the final consumer for personal or household use. Retailers purchase products from manufacturers or wholesalers and sell them to end users. They often operate in physic...

KINDS OF BUSINESSES  RETAILING Retailing involves selling goods or services directly to the final consumer for personal or household use. Retailers purchase products from manufacturers or wholesalers and sell them to end users. They often operate in physical stores, online platforms, or both. Retailers focus on consumer preferences, marketing, and customer service. Ex: Walmart, Amazon, IKEA, H&M SM , Robinsons, Puregold, Mercury Drug, Watsons, Shopee, Lazada, 7-11  WHOLESALING Wholesaling involves selling goods in large quantities to retailers, other businesses, or institutional buyers, rather than directly to consumers. Wholesalers act as intermediaries between manufacturers and retailers or other end businesses. They typically purchase products in bulk at a lower cost and sell them in smaller quantities to retailers, who then sell them to consumers. Ex: Costco Wholesale, Sysco, McLane Company Suy Sing, Divisoria Market, Landers Superstore Uniwide Sales Warehouse, Makro  MANUFACTURING Manufacturing involves producing goods by processing raw materials or components into finished products using labor, machinery, and technology. Manufacturers design, create, and assemble products. They may sell their finished goods directly to consumers, wholesalers, or other manufacturers. Manufacturing often involves quality control, production management, and logistics. Ex : Toyota, Nestlé, Samsung, Coca-Cola San Miguel Corp, Universal Robina Corp, Monde Nissin Corp, Alaska Milk Corp  SERVICE A service business provides intangible products, such as expertise, skills, or labor, rather than physical goods. Service businesses focus on delivering value through experiences, advice, labor, or professional skills. These businesses range widely in the services they offer, from personal care to technical assistance. Ex: Netflix, Uber, Airbnb, American Express PLDT, Globe Telecom, BPI, Cebu Pacific Air Business Registrations, Permits and Licences  Department of Trade and Industry (DTI) The DTI is the primary government agency responsible for promoting and regulating trade, industry, and investment in the Philippines. The DTI is tasked with ensuring that Philippine industries are globally competitive and sustainable. It implements policies that enhance consumer welfare, develop small and medium enterprises (SMEs), and foster a conducive business environment. The DTI provides support to businesses through programs on entrepreneurship, product development, and market access, among others. It also oversees the regulation of product standards, fair trade practices, and consumer protection.  Department of Trade and Industry (DTI) Key Functions: 1. Formulate policies and strategies to promote trade and industry. 2. Provide support services to businesses, especially SMEs. 3. Promote investment and exports. 4. Regulate and ensure compliance with consumer protection laws. 5. Set standards for product quality and safety. 6. Examples of Services:Business name registration.Issuance of permits for import and export.Product standard certifications (e.g., PS Mark, ICC).Support for micro, small, and medium enterprises (MSMEs) through programs like Go Negosyo Centers.  Department of Trade and Industry (DTI) Examples of Services: 1. Business name registration. 2. Issuance of permits for import and export. 3. Product standard certifications (e.g., PS Mark, ICC). 4. Support for micro, small, and medium enterprises (MSMEs) through programs like Go Negosyo Centers.  Securities and Exchange Commission (SEC) The SEC is the national government regulatory agency that supervises the securities market, regulates corporations and partnerships, and protects investors in the Philippines. The SEC is responsible for ensuring that the capital market operates fairly, efficiently, and transparently. It enforces laws concerning the registration, regulation, and supervision of companies, securities, and investment instruments. The SEC also monitors corporate governance practices to protect investors' interests and maintain market integrity.  Securities and Exchange Commission (SEC) Key Functions: 1. Registration and regulation of corporations, partnerships, and associations. 2. Oversight of securities, stock exchanges, and brokers. 3. Protection of investors by ensuring compliance with financial reporting and disclosure requirements. 4. Enforcement of laws against fraud, insider trading, and other market abuses. Securities and Exchange Commission (SEC) Examples of Services: 1. Registration of corporations, partnerships, and non- stock organizations. 2. Issuance of licenses to securities brokers and dealers. 3. Oversight of the Philippine Stock Exchange (PSE) and other securities markets. 4. Corporate governance and compliance monitoring.  Bureau of Internal Revenue (BIR) The BIR is the government agency responsible for the assessment and collection of all national internal revenue taxes, fees, and charges in the Philippines. The BIR plays a crucial role in the country’s fiscal stability by collecting taxes, which fund government operations and public services. It enforces tax laws, provides taxpayer assistance, and ensures compliance with tax regulations. The BIR also works to prevent tax evasion and implement reforms to improve tax administration.  Bureau of Internal Revenue (BIR) Key Functions: 1. Collection of taxes, including income tax, value-added tax (VAT), and excise taxes. 2. Issuance of Tax Identification Numbers (TIN). 3. Audit and investigation of taxpayers to ensure compliance. 4. Enforcement of tax laws, including prosecution of tax evaders.  Bureau of Internal Revenue (BIR) Examples of Services: 1. Issuance of TIN and registration of taxpayers. 2. Processing and collection of tax returns and payments. 3. Tax clearance certificates for businesses and individuals. 4. Tax advisory and assistance for taxpayers.  Business Permits and Registrations 1. Business Name Registration (DTI/SEC/CDA) 2. Barangay Clearance 3. Mayor’s Permit (City Hall) 4. BIR Registration and TIN 5. SSS, PhilHealth, and Pag-IBIG Registration 6. Fire Safety and Sanitary Permits (if applicable) 7. Special Permits based on business activities. THANK YOU!