For all negosyante out there who needs a business plan for your new venture, here is a free business plan writing reported by techcrunch. Writing a business plan is no easy task, it can be painstaking. If you’ve ever written one, you’re probably familiar with the many websites that offer those static business plan and projections templates and galleries. They can be a great point of reference, but oftentimes they’re just that. Cynthia McCahon founded Enloop because she wanted to build a better resource for entrepreneurs gritting their teeth over their business plans, and because she’d watched many friends and colleagues sink time and money into business ideas that just weren’t going anywhere.

Hoping to take a bit of the emotion out of an emotional process, Enloop was founded as a way for entrepreneurs to create business plans from scratch, guide them through the business plan process, and offer a system that provides thorough and intelligent risk analysis to give founders a sense of whether or not they’re off on the right track. Check this out, every negosyante should have a business plan before starting a venture.

Here is an article worth pondering for the Negosyanting Pinoy. It takes a certain personality and style to become a successful entrepreneur. However, what does it take to become the man or woman on top? Are you the next Richard Branson or Oprah? A recent study noted some common traits top entrepreneurs share.

They believe knowledge should be shared

More than three-quarters of Canadian respondents are mentoring other entrepreneurs in some form. They value the lessons learned from these relationships, and they pass that knowledge on. Collaborating like this benefits the teacher, and the student.

They know keeping an eye on the cash prize pays off

Accessing funding is the top challenge facing entrepreneurs today, and a real stumbling block to startup success. Those who succeed do so by building strong relationships and thinking outside the financing box, looking for alternatives and opportunities long after the first “no.”

Some see opportunity where others see disruption

Success lies in the way entrepreneurs view the world. Even disruptions like the financial crisis generated opportunities for entrepreneurial leaders willing to take them. Our survey reveals entrepreneurs have at their core a unique way of viewing the world around them and acting on that view. Go Negosyanting Pinoy! We all know we can make it big all over the world.

We all know that starting a new business needs business planning and must be put in writing to guide us in our decision making of the business when it is already running. Here is a business planning online assistant that will greatly help you in formulating your new negosyo idea into reality and will help guide you as you are operating your business already. Whether you’re a student, small business owner, inventor, or running a non-profit, the resources they offer can help you grow the muscles you need to succeed. Best of all, their startup and business growth system is free. Could it get any better than that?

The site is BizGym.com it is a free business planning and pitch development application that anyone can use to grow a business. With BizGym, users can avoid common pitfalls of business development and make their sales pitches rock. For businesses seeking funding, BizGym is the easiest, fastest and cheapest way to generate an investment-grade business plan as well as 5-year financial projections. Best of all, BizGym is entirely plain-English with step-by-step Tips & Examples along the way so you don’t have to have business experience, an MBA education or fancy writing skills. All you need are great ideas and the will to succeed.

BizGym is a unique sound-bite based approach to business visioning. It’s a first of its kind knowledge management application for business that guides a user through very specific short dialogue question and answer formats to glean key language on they myriad of ideas that make up a business vision. BizGym templates all share sound-bite dialogue so as a user works any template, all others grow at the same time. It’s like a “MadLib” on steroids or a “Twitterized” version of a business plan. Most importantly, BizGym’s sound-bite management approach converts the traditional static business plan into a “living document” that makes key idea bites easily and quickly accessible from even small format devices like cell phones. Imagine evolving your business vision from anywhere, anytime. It’s a sure way simultaneously minimize risk yet expedite growth.

If you have a negosyo idea floating on your mind now visit BizGym to start your business planning right away, it’s free after all.

This is a new twist in car insurance which is quite prohibitive even here in the Philippines.

Mile Meter likes to think of itself as the “anti-insurance insurance company.” It sells auto insurance by the mile — which means that the less you drive, the less you pay for insurance. Nice negosyo idea…

Photo by Mile Meter.

We all know specially bloggers and website publishers that put advertisement on their site that online ad companies like Google adsense usually pay publishers more than thirty days after the’ve run their advertisements on the publisher’s site. Other ad networks can sometimes have as much as a 100 day lag between the time that they say you’ve earned money and when they send it. This delay can really hamper the growth of an online company, and there was a real need for a factoring company to fill this need.

Factoring is a financial transaction where a business sells it’s accounts receivables to a third party at a discount in exchange for immediate money to finance their continued business. Factoring is different from a bank loan, because the emphasis is on the receivables and not on the firm’s credit worthiness.

In the offline world, if a manufacturer received an order for 100,000 units from Shoe Mart (SM), for example, they could take their purchase order into a commercial bank and get a loan to finance the manufacturing. Online, though, there hasn’t been a way to do this, until now.

A new company in the U.S. Fast Pay allows you to get paid faster for your online ad sales. In exchange for a small fee (2.5% per month) they will immediately loan you 70% of your previous month’s ad sales five days after the end of the month. Later, when the ad sales company sends your check, they’ll will send it directly to Fast Pay, who’ll collect their fees and send you the balance.

So, if for example, you earned $10,000 from Google Adsense in the month of January, they’ll send you $7,000 February 5th, and after Google sends them your check in late February, they’ll send you the remainder ($3000) minus their fee ($175).

This is a good negosyo idea for the Philippine market specially that the business process outsourcing is booming.

Image from Fastpay

Filipinos love to plan there wedding in advance and consider it as a once in a lifetime importan event in there life. It can also be one of the most expensive, running P300,000 on average, according to some estimates. For those who don’t have that much, here is a great negosyo idea that created a new company out of Norwell, Mass., that could help: Wedding Payment Plan will finance your wedding.

Scott Almeida, 35, says he got the idea from watching a family friend succeed at financing orthodontia and Lasik eye and cosmetic surgery. “My first thought wasn’t weddings; it was funerals,” he laughs. “But weddings are a lot more fun.” He wrote up a business plan as a nighttime MBA student at Babson College and began raising money from family and friends. He also tapped $100,000 from an account that he and nine former classmates had set up to back whoever came up with the best startup idea.

Photo by weddingpaymentplan.com

Check Out The Competition

You may not know right now who is going to buy your products or services, but the competitors who you will be competing with do know that information. That’s why part of the business plan is to understand the competition as well as the market demographics. You can visit their websites and even gather information on their core demographics online by using a tool like Quantcast.com. You can also read their articles and copy and figure out which audience they are targeting the most. From that information, you should be able to get a start as to who will buy your product the most.

Do Some Testing

Another way to figure this out is to start to market to your chosen demographic and then tweak it a bit. You can do split testing that might have a slight change in copy that might appeal to one demographic more than another. If you get better results with a different demographic, and more sales, then you know that you have refined the target audience better. You will then be able to create highly effective ads and promotions that will get these people to not only show up at your door, but also open their wallets too.

Small businesses here in the Philippines seldom have credit policy to keep existing customers, to get paid and stay in business. The policy should include, clearly outlined procedures and actions when someone can’t pay on time so that a steps can be immediately workout to help the customers and also to protect your business. Here is an excerpt from Entrepreneur.com

Begin starting your credit policy by looking at your reports. See who already owes money, how much, and how far past due on their bill they really are. Start making some phone calls, commit to say 5 phone calls per day or more if your prefer. This will begin the process of getting back the money that is owed to you. Meanwhile, don’t let anyone else charge until you check their credit. This ensures that you will know who will be able to make a later payment, who will not, and who is just attempting to get free items.

Put out a written or typed up statement in your store of what your credit policy is, how much they are allowed to charge, how long until their payment in full is due by, and so on. This lets them know as soon as they walk in the door where you stand on credit and what you will not let them get away with.

Once a customer becomes past due, this is the time to start getting on them. Start off by sending them a friendly reminder regarding their balance. Next, maybe give them a phone call when you know they will be home. If that doesn’t work you can always pay them a personal visit if need be. Or as the final result you could always notify them that they will be sent to a collection agency if the balance is not paid.