Category Archives: Business

Petron named top philippine firm in sustainability – China PVC Business Cards – Mifare Smart Card M

Petron, the country??s largest oil refiner and retailer, was named again as the top Philippine company in the 3rd Asian Sustainability Ratings (ASR) because of its efforts to combine profit goals with sustainability.

The oil firm also ranked seventh out of 29 Asian companies in the energy sector surveyed by the ASR.SR.

It also placed in the top 10 percent of the 750 companies surveyed in 10 Asian countries, namely Australia, China, Hong Kong, India, Japan, Malaysia, Pakistan, Philippines, Singapore and Thailand.

This is the second time that Petron topped the ratings board, which measures a company??s performance in key areas such as environment, social and governance (ESG).

??In a world where transparency and accountability are increasingly important, the ASR is the first ESG benchmarking tool to analyze the largest listed companies in Asia,? said a report prepared by CSR Asia, the body that conducted the survey.

??The ASR allows companies, investors and other stakeholders to understand the economic, social and governance activities of listed companies. It also encourages listed companies to address ESG performance through disclosure and realistic target setting,? the report said.

Petron chairman and CEO Ramon S. Ang noted that as Petron??s business grows, its initiatives in the areas of sustainability and corporate social responsibility likewise increase.

??We believe that adhering to sustainability across our operations is essential to the long-term viability of our business,? Ang said in a statement.

??If you take a look at the leading companies across the region, they have overcome business challenges by doing the right things. A strong company does right by its employees, customers and other stakeholders,? Ang added.

Launched in 2009, the ASR examines the publicly available information of leading listed companies in 10 Asian countries and provides investors, companies and other stakeholders with a view of the strategic sustainability of these companies.

Earlier this year, Petron also received two distinctions from the Management Association of the Philippines for integrating corporate social responsibility and sustainability into its daily business operations.

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Major Keys To Get Success In Dairy Business

Nowadays, dairy business is growing rapidly and everyone need to make out which of the thousands of problems, fixed cost and running feature most power the ultimate achievement or stoppage of a dairy business. Therefore, there are various keys to become successful in dairy business and with help of these keys you can get success in dairy business.

Professional Advice

This is very important to talk with dairy industry specialist because they suggest suitable plans for dairy business which is very vital for milk processing techniques. Dairy industry specialist may be your local farming extension manager, veterinarians and lecturers in university agricultural branch and domestic animals nutritionists. There are also other dairy farmers sources in your region dairy farmers for the help and advice. People can ask questions; regarding dairy management or further dairy-related problems. You will have to choose whether your dairy farm will take in associated enterprises, such as increase and selling some livestock for meat or increasing and advertising food.

Necessary to Develop Plan

There is very important for successful dairy business to prepare plans about start a dairy business. Dairy business needs proper strategy that will help your business. It is most vital to prepare equipments, animals plans as well such as which types of milk processing equipment is best for dairy business and healthy cows or buffalos required. Therefore, business plans is most required for every successful business.

Need to Expert Management Team

Group management is main key to a successful dairy business. This is very important to choose what type of cow most excellent suit for your dairy business. The great majority of dairy farmers increases Holsteins, the most important milk production breed, with a lesser number make use of some cows. A group is not a collection of persons who working separately under steady way from the instructor. It is in its place ready up of individuals who have been taking on into positions well suitable for their ability, appropriately trained and give permission to direct.

Marketing plan

Marketing plan is also the most successful key to dairy business. Arrange a marketing plan to promote dairy industry. It helps to increase experience to customers. Customers must be well familiar through your production and products. It is backbone of dairy production to get achievement in this business. You can make a website about dairy business which will help to support business over internet. Nowadays, social media websites are utilized as a big marketing channel. Therefore, you must use these sites as well.

Uae Business Guide – The Legal Details In Starting A Business In The Uae

It only stands to reason that a UAE business guide should always start by education novice investors in the legal regulatory hurdles in setting up a profit-based enterprise in the region. Foreign investors that the investment opportunities offered by the different sectors in the UAE signified that businesses is easily set up in the locale which isn’t true. It is important that you know what type of businesses is available to investors and the various requirements associated with its incorporation.

Starting With Licenses

Every business in the UAE requires a license and there are 3 types of licenses offered in the region. This UAE business guide delves into each in detail.

1. Commercial License – this license can be classified as a general license for any types of commercial businesses in the city. In most cases, this is related mostly to business that deals with trading (e.g.: imports, exports, etc.)

2. Industrial License – an industrial license is issued to corporations that deals with manufacturing of goods or anything related to industrial enterprises.

3. Professional License – this license is released to individual businesses that offer a specific service, mostly related to crafts, profession, and the likes.

Business Ownership

Another important topic discussed in this UAE business guide is the ownership of an investor to a particular business. There are two that you should be aware of, namely Partnership Ownership and Sole Ownership.

Partnership Ownership is a type of business where your native UAE partner owns a majority of the shares in the business. In this case, your sponsor should own at least above 50% of the total shares while you get the rest or subdivided with other investors. There are 3 classifications of business under this category, namely:

*Limited Liability Company (LLC)

*Joint Venture

*Private or Public Shareholding Companies

The second type of ownership is the Sole Ownership where the investors get full ownership of the enterprise giving him or her full control over its operation and profit. If you check out a UAE business guide aside from this one, you will find out that Sole Ownership ventures are limited to Free Trade Zones where you don’t need an agent to set you up.

Company Registration Procedures

This section of the UAE business guide discusses the various procedures necessary for company or business incorporation in the region. Small-scale business, especially those operating outside Free Trade Zones require the aid of a native UAE sponsor or agent to register the enterprise — like processing necessary documents, applying for business visa, registering the business in related government agencies and bureaus, and so on.

In most cases, the procedure can be summed up with the steps below:

1. Submission Of Company Registration Application

Documents pertaining to the registration of the company are to be duly submitted to the Department of Economic Development (DED). This application
will be subjected to approval by a government representative so a business will be issued its license to operate its enterprise in the region.

2. Notarizing Documents

A native UAE lawyer is necessary to have your documents notarized in order for the entrepreneur to get a preliminary approval. In most cases, documents have to be notarized first before you submit it to the DED for approval.

3. Filing Business-Related Documents

Once you have passed the preliminary approval and have obtained the license to open up a business in the city, the next step is to file documents related to the business with the DED. This includes documents pertaining to company registration, financial statements, bank-accounts, registration of native UAE workers, compensation and benefits, rules and by-laws, and so on. There are also some documents that need to be filed with other government agencies as well, like the Ministry of Labor for one but these are mandatory.

Simplifying Business Registration with Experts

This UAE business guide can help give you an idea on what the various legal processes involved in setting up a business in the region. However, if you don’t have the means to take care of this task on your own then the best way to jumpstart your enterprise in the city is to look for a local UAE business consultant firm to help you process all the requirements to register your venture quick and easy.

Why Strange Businesses Often Succeed

This is perhaps a factor that affects both normal and strange businesses alike. As a matter of fact, when a business is helmed by a person that does not have the necessary skills to run it, it will be doomed for failure from the start. Technically, the manager should have the capacity to identify proper flow of cash in and out of the business. Ideally, a leader should be one that is adept in basic accounting. This is to ensure the business, regardless whether it is strange or not, is still earning enough income.

Adaptability
Most of the strange businesses are able to become successful simply because they adapt to the current presence in the market. As a company, they have to be flexible to the demands of their clients. As they are weird, they must be competent to work with any changes. For example, take a murder scene clean-up business; the employees must be able to adapt to the rules set by the local law enforcement. After all, some of the materials being cleaned up could potentially become evidence to the crime.

Current Economic Performance
Businesses succeed because anyone can afford to pay for the products and services being offered. A typical strange business will often be considered as worthless if the market does not see it as useful. Hence, its market must be competent to afford the services offered. When the current economic slump is present, more than probably the clients will not be capable to afford the services. Typically, if unemployment is quite high, then the market will most likely be unable to avail of the services. Plus, the economy becomes a factor to the success of strange businesses because of associated overhead costs.

Uniqueness and Distinction
Notably, most of the strange businesses are considered as success stories because they are distinct from others. Essentially, it means they are probably the sole business in the area that provides the product or service. As long as one markets his business to be the only player in the market, then most likely customers will flock on the doors of the company. However, it is important to remember that a business will only succeed as long as there is the demand for it. Hence, no matter how unique and different the company may be if there is no demand, then most likely it will fail.

Often, the success rate of strange businesses is always dependent on how a person will be able to market it. Plus, it comes down to how the people will like the products offered. As a whole, whether it may be a normal or a weird industry that one is working with, it comes down to determination and skills.

Financial Management Vs Business Management Your Way To Success!

It is the sole responsibility of the business manager to run an organization quite effectively and successfully. At present time, the school curriculum and college curriculum comprises of both finance and business management.

These days many of people are into the business of running an organization. With support of the effective Assignment Help it has become far simpler and manageable to get the desired results. There are many factors and reasons which play a vital role in the development of the complete understanding of the market potential, capital invested and getting in hand knowledge of the understanding of the strategy of the business core!

In the organization with support of the business and Financial Management Assignment Help, the understanding of the working of the organization is a perfect advantage for the workers, as they now know the importance of each in process of running an organization.

With total and accurate information about the business and finance of an organization helps in making the right decision which helps in taking the firm to great heights and splendor. Through these, one can also easily identify and solve the problems of business strengths and weakness. Reduction of the certain loopholes in also very important. The joint and sustained effort of the people of the organization helps in taking the individual organization and firm into a profitable venture.

Through, finance and Business Management Help, the challenges of running the organization effectively are overcome by undergoing the thorough understanding of the topic by the students and even the professional workers.

Several students around the world find it difficult to complete and cover their assignments on time. Here, the support and help of the online assignment help comes into play. The support of the experienced tutors online gives expert guidance to the students that enable them to get the results that really matter.

The best part about these online assignment help is that students can seek the guidance of these teachers and online tutors at any time of the day. Through continuous help and guidance students can easily work to become professional worker. This enables and makes them competent enough to understand and meet the needs of all.

Ethics 101 Morals At Work

You have probably heard the word “ethics” thrown around quite a bit, but do you know what ethics are? Ethics are a person or corporations moral philosophy, which involves how a person or business defines and handles right and wrong behavior. A solid ethical foundation is generally based upon human rights, what is fair and what is in the best interest of the workplace (both employer and employee).

Due to the fact that ethics can vary greatly depending on many factors, it can be difficult for a business to determine where the lines are drawn in the sand when it comes to quandaries involving ethical decisions. It is important not to confuse ethics with the law, as some laws may not be in line with what we consider to be ethical. What is ethical can change based on where we work and who we interact with.

Almost all employees will find themselves from time to time in a position where they are being asked to do something that is unethical. If a superior requests a financial report but asks that the numbers be manipulated, it is unethical, especially if you know that finagling the figures will benefit the recipient.

Managers are supervisors are not the only people who can dish out unethical requests and behaviors; colleagues are guilty of the same. Some new employees have reported being asked by more senior staff members to do their assignments or even take tests on their behalf. Of course, because the staff member is new, they feel pressure to be accepted and comply with the requests.

If you are in a position where your ethics or that of your employer comes into question, sit down and have a very frank discussion with the offender or even your Human Resources Department. Chances are, they may not even recognize their own behaviors. Be proactive and take steps towards prevention by educating yourself on workplace ethics.

If you are a job-seeker, it is important for you to know whom you are working for when you are seeking employment. Do research on the companies where you have applied and make sure you are asking questions.

Ask about the work environment, where the company sees itself in 5 years, and what the turnover rate is like. It is just as important for a recruiter to learn about its potential employees, as it is for to determine if the company will be a good fit for you.

Relationship Marketing 101 for Authors

There is such a sense of relief and excitement when you see the finished results after publishing your first book because you have DONE IT… your book has been released to the world and you are now officially a published author!

But then at some point it finally begins to dawn on you that getting your book into the hands of readers is going to involve the one thing that most writers truly dread… self promotion. Ugh!

Enter Relationship Marketing

There is no way around the fact that if you want to get your book into the hands of enough readers to make a difference to you (financially and emotionally), you’re going to have to be the driving force behind marketing your book.

The good news is there is a decidedly non-sleazy form of self promotion and it’s called relationship marketing. The term relationship marketing was coined by Leonard Barry and simply means a form of marketing which goes beyond advertising and sales to emphasize customer relations, retention and satisfaction.

Basically it involves becoming a resource and building trust with your target audience, not just so they will buy this book, but so they will buy the next and the next. And if all goes well, if you do this relationship marketing thing right, your customers will pass the trust they have in you and your product (book) on to the people within their sphere of influence.

The problem is that there is a lot of misconception about the right way to do relationship marketing, and far too many bad examples around for unsuspecting newbie authors to emulate.

How to Fail at Relationship Marketing in 5 Easy Steps

Not bothering to establish your book’s position in the marketplace or create a branding strategy that clearly tells readers why they should buy your book rather than all the others.
Not taking the time to identify and understand your target audience well enough to know their concerns or how to talk to them.
Not understanding or being able to communicate how readers will benefit from your book. If you can’t tell them, how are they supposed to know?
Assuming relationship marketing is about becoming pals or revealing personal information to prove you are “authentic.”
Rewarding a reader for joining your list and trusting you with their email address by treating them to message after message about buying your book.

Relationship Marketing Done the Right Way

Okay so maybe that last one was a little harsh, but sadly all too common. So the obvious question then is, what is the RIGHT way to do relationship marketing? The easy answer is by writing a really great book and doing the opposite of the above points to market it, but there’s more to it than that.

Take the time to create a marketing plan that includes establishing your book’s place in the market, the benefits for your readers, keywords and phrases that you’ll use consistently to brand and communicate what is unique about your book.
Follow the 80/20 rule. This simply means that 80% of the time you focus on activities that establish you as a resource in your field and build relationships, and 20% of the time promoting the benefits of your book.
Understand that relationship marketing is not about getting all warm and fuzzy with people you hope to sell your book to. While it does happen at times that you become friends you’re your influencers or ardent fans, never forget the ultimate purpose of relationship marketing is getting your book into the hands of people who will benefit from reading it – either as entertainment, information or education.Your readers want to trust you provide a good product (book) and service, not date you.
Finally, get over any aversion you may have about the notion of selling. Selling is not a bad thing, we all sell. When you talk your daughter into piano lessons for her own good, you’ve just sold her. When your wife talks you into going to the opera instead of a football game for date night, she’s sold you. (Big time!)

Unless you wrote your book for your own gratification and amusement, you will need to embrace the reality that getting your book into the hands of readers involves building relationships and marketing your book – it’s how you go about it that makes all the difference. That’s where mastering relationship marketing the right way can help you succeed.

Riding Your Motorcycle Home On A Business Tax Saving

You will be happy to know that the treatment of your motorbike, within your business affairs, for tax purposes is much more favourable than your motor counterparts and whilst owning a company car is an expensive business, owning a company motorcycle isnt. Javeed Baig of Gower Accountants in Leicester explains why.

Assuming you are VAT registered, you can claim upto 100% of the VAT paid on the purchase of your beloved bike. This is on the basis that you use the motorcycle only for business purposes. With a car, no matter how much you use it for business you cannot reclaim the VAT.

Motorcycle Tax Benefits

Having purchased your motorcycle, you can claim a deduction against tax for the full purchase price in your year of purchase using part of your Annual Investment Allowance of 50,000. A car typically would attract an annual writing down allowance of only 20% per year. In corporation tax terms, for the small business, this represents a saving of 21%.

Assuming the VAT reclaim and the corporation tax relief thats a whopping 36% off the purchase price of your motorbike. So you could choose to take the saving, or maybe trade up and get that mean machine that you have always promised yourself.

As with a car it is unlikely that you will use your motorcycle only for business and therefore a private use element will occur. Take the assumption that 75% is used for business and 25% is used privately. This 25% is the benefit you have derived from using a company asset and as a result a Benefit in Kind charge will arise on both the company and on you as an individual. How this benefit is calculated is where the magic lies and its where motorcycles ownership thrives and company cars dive.

The basic differences are as follows:

MotorbikeCar
Base ValueMarket Value or Purchase PriceList Price When New
% for Cash ValueFixed 20%Between 10% & 35%
Fuel BenefitFixed 20% of UsageBase 14,400 fixed

Heres an example of the potential tax benefits:
Motorcycle costs 8,000. 25% private & 75% business.
Cash Value of benefit in kind : 1,600
Reduction Due to Business Usage : 1,200
Taxable Benefit : 400
400 represents your cash value of the benefit from using the company bike. If you are a basic rate taxpayer you will pay 80. The company will pay a further 51.20 National Insurance on this.

The equivalent tax position regarding a company car is as follows:
Car Cost 8,000 List price 16,000. Some private use assumed. CO2 = 20%
Cash Value of benefit in Kind : 3,200
Reduction due to Business Usage : N/A
Taxable Benefit : 3,200
Tax At Basic Rate : 640 Company Charge : 410

Moving back to motorcycles you can see the savings on purchase would far exceed the annual cost of owning your bike through a company.

Additional Tax Benefits

In addition all safety equipment, insurance and fuel can all be paid for by the company with the Benefit in kind calculated in much the same way.

The article has been written for information purposes only and does not constitute formal advice. The rates are those prevailing at the time of writing and are subject to change.

The Internet Home Business Success Rate Is Only 5%. How Can You Improve The Odds

Did you know that only 1 out of every 20 internet home business seekers fail? I knew that it was bad, but I had no idea that 95% of the millions of people who attempt to make money online never succeed. It is too bad, creating home business income is an incredibly life changing thing to do. A home business can create multiple streams of income for you, passive income that can allow you to become financially free and even develop lasting wealth. But you need to succeed in order too enjoy all the benefits, and so you will want to do things differently than the masses of individuals who never make it very far. Improving the odds for your own home internet home business success is quite possible, there are just a few things that you need to know before getting started.

For starters, you need to be sure that you really want to pursue a home business. There are far too many individuals who for some reason think that the internet is a path to instant riches. While you can grow rich online, as millions have done, and while it is quicker than traditional business ventures, creating a successful and profitable business from home takes time, effort, and consistent work. People who are looking for a way to get rich without working are much more likely to quit when things do not flourish instantly. Success in any areas of life takes time and effort, and working form home is no different. So before you even get started, make sure that you are ready to invest time and energy into your new business.

Another common pitfall of internet business seekers is choosing unreliable opportunities that are either scams or that will not last very long. Most internet business programs fail within their first year, which can be very frustrating for those who invested months of time into them. I have successfully earned money from several internet income programs, all of which have been around for several years or more. Often the people who fall for scams or unreliable programs are those same people who think the internet is a place to get rich without work. Scammers prey on these types of individuals. They create hyped up ads that usually have no real substance, and they make ridiculous promises. People who do not look at the internet as a place to build a real home business and just want to get rich without work are more likely to fall for these novelty “opportunities.”

Simply by realizing that it takes time and effort to create a profitable income online, and taking the time to research possible opportunities to choose the best to work with, you will be improving your odds for success in the home business arena. If you find a reliable program, commit to investing time each day into it, and never give up, you will succeed as a home business owner. If there is one other piece of advice that I can offer that will give you a huge advantage, it is to invest in your knowledge of marketing online. Internet marketing is a crucial component to making money online, and those who can market the best earn the most. There are many books on internet marketing, and by reading a few of them you will be giving yourself the tools of online home business success.

How To Start Your Own Cargo Service Company

Private, air cargo service companies are in high demand these days, owing to the fact that timeliness has gradually become a very important factor in business. The result is that most leading organizations prefer to hire local and private cargo airlines instead of using the regular national or international air cargo, since they can exercise more control. This is a great time to set up your own air cargo company because the market is conducive and therefore you have a good chance to succeed, regardless of whether you would like to operate on a high or a low scale.

When you are in this business, everything depends upon placement because the large freight shipping companies do not fly to every single destination. Different companies in different fields of study require regular air transportation; these companies include mining companies, geological companies, archeological companies, and many others. Be aggressive in your strategies for marketing and offer terms they cannot refuse, giving yourself a long term lease while maintaining a reasonable profit.

This is an excellent time to start your own air cargo business, as the demand for cargo service companies is rising rapidly. This could be music to the ears of those who have worked in or have retired from the flying services sector. Since the market condition for air cargo services is highly favorable, you could start a business on a very small scale, even with just one or two bi-planes, and grow from there through the profits thus accrued. To establish your company quickly, market and advertise yourself as a cargo agent very assertively.

Starting a cargo service business is not too hard if you love planes, are able to operate from a good location, and have a good marketing strategy. This is in fact one of the most lucrative businesses available today because more and more companies and people value optimal use of time above all other things. While there are plenty of commercial air cargo companies, small private cargo airlines are high in demand because of their flexibility and easy access to many remote destinations. Besides, you can always open a flying club to cover those low tide periods to ensure that you rake in profits year round.