Mommy Ginger
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All About Entrepreneurship and the New Rich Society Program

Being an entrepreneur this day and age seems so difficult. Most of the complaints that I hear from people who want to start their own businesses are of the following topics — How to get started, Concerns on Business Registration, Where to get Capital and Unfamiliar with technology and online tools. And then, most of those who want to delve into entrepreneurship want to start on implementing different businesses all at the same time.

*image is from Death to Stock http://instagram.com/deathtostock

*image is from DeathtotheStockphoto.com http://instagram.com/deathtostock

Although it’s true that you need multiple sources of income, please don’t create various businesses and set it up all at the same time (unless you can come up with efficient processes in a day and implement it on that same week or if you’re just a silent partner for the other businesses). I have been an avid follower of Timothy Ferris. I have read his book the Four – Hour workweek and Four – hour body and in reading his book, I had a lot of realizations. One realization was that no matter how efficient you have build your processes for a certain period in time, you may need to change that after a few years in order to become more competitive and in order to adapt to your audience.

For example, a lot of you know that I built Manila Workshops almost two years ago. When I built that business, I already had set processes in place. I designed it in a way that I could step out of the daily grind of things and just oversee things and manage people, and that the only thing that I had to worry about was to look for good people to guide and concentrate on building relationships. But then, now, with the entry of competitors and the ever changing digital landscape, I am pressured to strengthen the brand and develop new processes (so watch out for that! Lol!).

Another realization was I should already be gearing up to earn passive income. Passive income means that even if you are not physically there, you’re earning big bucks from your business. Now that’s the hard part since events management requires you to really “be there” (or does it?). Again, another challenge or thing to think about!

So for entrepreneurs, you have to be constantly changing your tactics, processes and even the roles and responsibilities of your people. And you have to have that goal of earning more passive income. This lead me to agree to be one of the speakers of the New Rich Society Program.

First and foremost, what is this term? Who are the New Rich? Timothy Ferris actually mentions this in his book. The New Rich are people who make money even when they’re sleeping because they have passive income. Yes, they work hard for the money; but more importantly, they also make their money work hard for them. These are the people who work SMART rather than work HARD. How do they do this? They do this by building networks, creating systems, putting up businesses and investing in instruments that eventually become an automatic income source, making money for them year after year.

I have a secret to share. Although I keep on telling people in my mentoring sessions or even in my speaking engagements to create vision boards, I only got to create mine last month. Lol! But it has really worked for me and I keep on telling people that because I was actually amazed on how great it has worked for me. With my vision board, everything is clearer. I know where exactly I would get that passive income. The “how’s” became clearer. I don’t consider myself a part of the new rich yet (technically), but I know that I will eventually get there in 5 years.

Now, in the Philippines, a group of gentlemen (Jon Oraña, Burn Gutierrez and Fitz Villafuerte) founded the New Rich Society. The New Rich Society is an online learning series about creating multiple sources of income. Its focus is to help Filipinos discover and learn different ways to make money, so they won’t have to rely on just their job salary.

Jon Oraña is a business coach who teaches people how to become entrepreneurs at his blog, Eskapology. He is a successful internet marketer who has been helping Filipinos shift from being employees, to business owners.

Meanwhile, Burn Gutierrez is a financial education advocate and Chairman for the Angat Pilipinas Coalition for Financial Literacy, Inc. (OFW UsapangPiso Seminars and Online Forum).

Lastly, Fitz Villafuerte is a Registered Financial Planner (RFP) who is best known as the founder of business and finance blog, Ready To Be Rich. He is an author and a speaker-trainer for various companies and non-profit organizations.

I agreed to be a speaker because my personal goal is to really help people find ways to augment their income. I always had a lot of “rackets” and I’d like to share strategies on how I personally built all my businesses. Check out my interview for the New Rich Society by leaving your email on this link (CLICK HERE) and subscribe to the New Rich Society newsletter.

I am so honored to be one of the mentors for this program. The course will be comprised of these topics that I’m sure will be highly beneficial for those curious on having multiple streams of income:

• Making money in the stock market by Floi Wycoco
• Putting up a business and becoming an entrepreneur by Chal Lontoc
• Earning online from blogging by Ben Francia
• Investing in pooled funds by Randell Tiongson
• Building a real estate empire by Jay Castillo
• Starting an online store business by Ginger Arboleda
• Selling e-Books as a business by a “Secret Expert”
• Fast profits from forex trading by Fitz Villafuerte

So feel free to join the New Rich Society. There is a FREE video training currently ongoing. Click and learn from the New Rich Society HERE

Do you have questions that you want to raise which is related to my topic? Please do leave comments here so that I can include answering them during the program.

How to Manage your Online Business and How to Handle Projects

This year is really exciting! I’m launching another online business together with 4 wonderful ladies (which includes my sister) and an advocacy that encourages people to achieve an active lifestyle. A lot of people ask me how do I do that — how do I get to manage and be part of all these exciting endeavors and still fulfill my obligations at home. So this Saturday, my husband and I have agreed to be the speakers for the topic How to Manage Projects for the Real Ways to be a WAHM (work-at-home-mom). Work-at-home-dads are also welcome to join (since hubby is speaking, too!) and even single people! Actually, anyone and everyone who wants to learn how to manage projects and how to manage an online business is free to join.

Here are the details of the workshop:

Real Ways to be a WAHM

Real Ways to be a WAHM

Speakers

Speakers

This is the first time again since 2010 when me and my husband will be speaking as a team, so we are really excited for this. The both of us with Joy have really prepared a great workshop for you so we really hope that you can come and join us!

It’s not too late to sign up! Please register using this form.

We would like to thank Insular life and Swish for being our sponsors for this event. We would also like to thank Skinny Minis Cheesecake shop for being snack sponsors.

We can’t wait to see you on Saturday! Sign up now 🙂

Legalities in Starting a Business

Starting a business nowadays can be a bit daunting, especially because one needs to understand the legalities in starting a business. I get a lot of inquiries in my Facebook page on what the steps are to register a business. Well, to give you a recap on the three main steps or government institutions that you have to go through, these are the DTI or SEC, the Local Government/Municipal Hall and the Bureau of Internal Revenue (BIR).

I have written interesting articles in this blog, which I hope would help you register:

Opening a Sole Proprietorship Business: DTI Process

Opening a Sole Proprietorship Business In Taguig: Municipal Hall Process

BIR Deadlines for Single Props and Corporations

For those who want someone who can explain all of these steps and to explain further about other legalities that you should need to know as a businessman/entrepreneur, I highly suggest that you attend these two workshops:

Workshop #1: Basic Legal Strategies in Business (March 20, 2014)
Join this 3-hour course on the Basic Legal Strategies for Business on Thursday, March 20, 2014, from 6:30 pm to 9:30 pm at the Coffee Bean and Tea Leaf Bar, Tuscany Estates, Upper McKinley Road, McKinley Hill, Taguig, Metro Manila and learn about the procedures in complying with legal requirements in setting up a business. This workshop is brought to you by New Leaf Ventures and Manila Workshops.

Basic Legal Strategies Workshop FINAL

To sign up, please click on this link: http://manilaworkshops.com/2014/02/basic-legal-strategies-in-business-march-20-2014.html

Workshop #2: How to Start a Business (April 12, 2014)
Get tips from a lawyer! Atty. Marie Joy M. Payumo-Salgado is currently the Dean of the College of Law of St. Mary’ University in Bayombong, Nueva Vizcaya. She is also the Legal Counsel and the Corporate Secretary of the Board of Trustees of St. Mary’s University. She was a former Senior Partner of MENDOZA, PADILLA AND PAYUMO LAW OFFICE which handles civil and criminal cases and was a Lecturer of Constitutional Law and Legal Studies at St. Louis University in Baguio City. She finished her Masters of Laws (LL.M) at the University of Melbourne, in Victoria Australia and has completed academic requirements and public lecture for Master in Educational Management (MA E.M.). She took her Bachelor of Laws at St. Louis University.

EVENT DETAILS
Saturday, April 12, 2014
9:30 AM to 4:30 PM
Ortigas Foundation Library
2nd Floor Ortigas Building, Ortigas Ave. Pasig City (Beside Shell gasoline station with a McDonalds store)

To sign up, please click on this link: http://manilaworkshops.com/2013/12/how-to-start-a-business-feb-201.html

I am sure that you’ll learn a lot from these workshops. I hope to meet you as I will be personally handling these workshops! Sign up now! If you have questions, please feel free to email manilaworkshops(at)gmail(dot)com.

The Mercantile Ethic: Changing your Attitude Towards Work

I am in the process of reviewing and ‘re-reading’ some of the books that I have read before. I am not much of a reader, to tell you honestly. The books that I love reading are those that give tips for entrepreneurs, personal finance management books, entrepreneur/start-up guides and branding books.

My collection in my IPAD :)

My collection in my IPAD 🙂

One of the books that I am reading now is Stephen M. Pollan’s Die Broke released in 1997. And in the first few pages of the book, specifically in page 23, he discusses the change of attitude towards work based on socioeconomic patterns. He suggests that we adopt what he calls the Mercantile Ethic.

Die Broke by Stephen Pollan

Die Broke by Stephen Pollan

Most of us are defined by our work. I remember the time when I was still working for a corporation as an employee. I would obviously be proud that I was a product manager in one of the stable banks in the Philippines. In each seminar or event that I would go to (even if it wasn’t related to work), I would introduce myself as a banker. And in my day-to-day job, I would think of what’s best for the company even if it meant going home really late at night or sacrificing weekends just to finish a presentation or even skipping meals just to meet deadlines.

Now, what Stephen Pollan says is that in this day and age, their is no such thing as corporate loyalty. This is a reality that we all have to face. He suggests that we try ‘quitting in our minds’ today. What does quitting in our minds today mean? We need to start thinking of ourselves, too. This is one of the tips for entrepreneurs that I believe in.

Why did I bring this up? A lot of people ask me, how did you make the jump from the corporate world to become a momtrepreneur. It wasn’t an overnight thing, believe me. You don’t just wake up and resign and then viola! You start your own business. It will take a lot of thinking, self-control, decision making, analysis, reflection, self motivation and will power.

In January 2012, I already probably (in Pollan’s terms) quit in my mind. I knew that I wanted to have a baby already, so I was taking steps to start my own business and create extra income — income that would eventually take the place of my monthly pay. I was ‘intentionally’ steering towards that direction of being a work-at-home-mom. Being a workaholic, it wasn’t easy. I was still working late and working during weekends, but time management was a strength of mine. What I did was I created a schedule that would allow me to work on the things that I wanted to do in the future while still working for my employer. I was still doing a great job at work, mind you, but I was INTENTIONALLY thinking of my own bottom-line, too. Do your job exceptionally well during work hours and then go home and do what you love.

Weekends and evenings should be all about you. No working… stop yourself! And there are no such thing as dues to be paid to your company for providing you pay and benefits. This was one thing I had to learn. I’m a nice gal and at the back of my mind, I always think that I have dues to pay to other people for things that I should actually be expecting and getting. Your pay is the ‘pay’ment for the job that you do well. You don’t owe your employer anything, in fact, for those days that you needed to work more than the required time, they should have paid you more. I know it’s easy to say, but difficult to absorb.

Changing your attitude towards work will definitely be the first step if you are still working and thinking of becoming a work-at-home-mom or a momtrepreneur. It’s not the easiest thing in the world to do, but it can be done.