The first step to starting your business is going through the business registration process which is no easy feat as it requires a lot of paperwork, preparation and research.
In the Philippines, it takes between 35-45 working days to register a business, which may further be delayed when there is system downtime. This has been further aggravated by the fact that the pandemic has reduced the number of work force in government agencies to ensure safety of employees and clients.
With information at a click, or touch away, entrepreneurs should be able to access information on the internet. However, that is not the case among Pinoy entrepreneurs who will have to resort to visit multiply sources to get the right information. Are they available and updated?
Bizhub, aims to correct this and help Filipino entrepreneurs by providing the right information and keep their business on track.
With the aim to educate and provide the public easy to access information on business registration and compliances, Bizhub has created a website aimed to be the ultimate source of information for anyone wanting to start a business in the Philippines.
“When people come to us, we want to provide them the trust and reliability. And as a hub we have partnered up with several companies, law firms, accounting firm, digital marketing and even with a bank. So that they can get the advantage on their first ever venture,” said Aldrin Enrile, General Manager of BizHub Philippines.
“Startups with little knowledge on compliances, do not know what to ask or look for. So, we make sure we are there to guide them make their “first step, the right step”,” added Enrile.
Based on information gathered from a survey conducted by Bizhub’s Client Solutions Managers among 50 first-time business owners, lack of knowledge and proper dissemination of information on business registration and the responsibilities that come after it is the common problem among entrepreneurs.
“Entrepreneurs get too excited when they have a great plan about their business. Their first hurdle which they go to Bizhub for is to help them register their business, and as soon as they exit the door with their permits, they think that’s it,” explains Enrile.
The survey also revealed that 6 out of 10 first-time business owners assumed that if the company did not generate any income for the month, they need not submit their monthly report to the BIR. “On the contrary, regardless of profit or loss, one must continue to file, and one must continue to renew their business permits, unless they intend to close this,” Enrile added.
Bizhub’s website has dedicated sections to help one determine the right type of business registration suitable for any individual or group seeking to register their business. “We have a calendar of reminders of their submissions and even free learning events which can help improve their skills,” prides Enrile.
To book a free consultation on business registration, accounting, or anything business related, go to www.bizhub.com.ph or call their landline at 63-2-3224-2050.