Written by: Tiffany Tolones (IG:@camille_abitofmonica) / Photos by: Xin Sy
Starting up a business in the Philippines takes a lot of time, effort, and most of all, money. All of the arrangements – document processing, applications of permits, and registration of business, hiring, and what not – take so much effort. Plus, it just leaves you with empty pockets.
Foreign startups frequently take it harder since owners are working remotely and are still unfamiliar with the dynamics of doing business in the country. Aside from those arrangements, you have to build your teams, hire people, and manage them. You have to find an office space fit to the size of your team, too.
Here are some tips to make business in the Philippines a little less difficult:
6 Tips to Make Business Easier for Foreign Startups in the Philippines
6. Find a suitable and strategic location for your business.
A good location for your business should be based on its nature and your target market. In the Philippines, Metro Manila is the commerce capital. Most businesses are based in Manila since it is also the country’s capital and most of the government offices are located here.
In Metro Manila, there are certain areas where business and commerce flourish, like Ortigas Center in Pasig, Eastwood City in Quezon City, Bonifacio Global City in Taguig City, and several places in Makati City. Aside from picking out the prime location for your business, you also need to consider the number of people on your team. Of course, you also have to consider whether the place is convenient for you.
5. Let professionals do your hiring.
When starting a business, you might need some help from professionals, who can serve as Human Resource personnel for you. This will lessen the hassle of you finding people for your team by yourself.
Some business solutions companies like Penbrothers don’t just provide an office space, but also hire employees for you while you manage them. That way, you can focus on the growth of your startup company.
4. Automate your payroll.
Payroll takes tedious work. In today’s digital era, you need to have an automated payroll process, like payroll software, that varies in terms of its user interface. You need to use efficient software for accurate computations and timing. Some business solutions companies like Penbrothers offer this service, too.
3. Optimize company management.
You need to maximize everything when you are starting a business. However, you also need to focus on its growth.
Penbrothers is an office that provides the most basic things for you, including utilities, tech maintenance, and reception. This way, you will only have to focus on running your company. It saves time, energy and money to do all these things.
2. Set a comfortable working environment.
Employees perform better if they have the right equipment and a comfortable office – from cubicles to meeting rooms and halls.
The ambiance of the office, the tables and chairs, the pantry and even the company culture can build a healthy working environment. You can optimize the employees’ full potential if you give them a good office to work in. A conceptual and artistic office can be a good place to start.
1. Make sure to be a little extra!
Penbrothers offers all of these things for you, but they are a little extra –they make co-working better. They organize events for you and your employees to mingle and collaborate.
They conduct seminars and workshops for these startups with different topics –from teamwork to management efficiency. They also organize events for employees just to relax and hang out, including community events like yoga sessions and movie nights.
Starting a company takes a lot of work, and you’ll need all the help you can get. Developing your company and ensuring a good working environment can make your company achieve its fullest potential. With the right place and at the right time with the right people, success could be at an arm’s reach.
100 C Palanca St, Legazpi Village, Makati, 1229 Metro Manila