Skiddoo Philippines Inc

How To Start A Business Effectively

Becoming an entrepreneur is a dream for many among us. Especially for those who have been employees for the most parts of their lives.

But how do we really start a business? What do we need to have in order to prepare for one? Is it the money? Do we need to have a good business idea first?

I believe that for one to jumpstart a business idea, one has to prepare his or her mindset first. Remember that going into business will be one of the most crucial decisions in life one has to make in order for him or her to accomplish his dreams.

It is very crucial that there have been a lot of failures in the past among many business starters since they were not able to plan properly, they failed to seize the opportunities, and they failed to transform their mental views and beliefs from being just an employee to being an entrepreneur.

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If one has to assess if he or she is ready to become a businessman, there are several reflections one has to make. Here are some as inspired by one of Angat Pilipinas Coalition business mentors, Fitz Villafuerte’s tips to starting a successful business.

Getting ready to make mistakes and learn from them. Every starting entrepreneur should be prepared to experiment, make and face failure and be able to carry on, learn from these mistakes and take on new lessons.

Be responsible and accountable. Whatever happened in the past should not define what you can do tomorrow. The same thing with business, an entrepreneur should take responsibility for the decisions he or she has made. He should also be responsible for whatever happens in the future because of the decisions made today.


Be a hardworker, a smart Worker, and a strong finisher. Start strong, work smartly and intelligently, and finish strong what you started strong.

Be a person true to your words. Never over- or under promise anyone, especially your loved ones and co-workers. This will reflect on what you will do to your customers and suppliers when you are already running your business.

Be a systematic employee and a family member at home. If you know how to keep your paperworks or your household chores in order, then you can proudly say that you are ready to apply this trait in your business.

Be patient while sticking to your abundance mindset. It surely takes time before you are able to achieve your target amount to achieve your personal financial goals. Right now, you should have the believe that there are no get-rich quick solutions in business.

Be a people-believer and a motivator. Does positivity reflect in your personality? Do you see others as valuable as yourself? Do you believe that other people can reach their dreams just like you do?

Turn difficulties into opportunities. Are you able to see the brighter side of a problem? Can you transform the negative situation into something useful and beneficial?

Stop complaining and be a solution. There are people who are just like that. Complainants. But you won’t hear them giving solutions when you ask them to contribute something worthy. They will only give you more problems to think about. Don’t be like them. Be a critical thinker but act on every problem that you encounter in your workplace or circle or the society itself by giving solutions.

Strive to achieve financial freedom. If your ultimate goal is to achieve a life free from debts and financial worries, then you will do everything to create wealth and multiply them. You will study more and look at the bigger picture of yourself and your business.

Always be inspired that many successful entrepreneurs and richest persons in the world worked it out from scratches and almost with nothing at all but their creativity, discipline, innovation, efficiency, and the abundance mindset.

They find solutions and opportunities and they pay forward the blessings they have been receiving. They never stop from learning new things and they never get tired in serving other people.

If you say yes to all the given suggestions above, then you are you off to a new chapter in your life as a future successful entrepreneur.

Here a FREE Business Plan Template for you to download.

Continue to receive more information about money, business, financial instruments and investment vehicles by subscribing to BurnGutierrez.Com for FREE.

Rock your way to abundance!


P.S. 1. Bro. Bo Sanchez has appointed me as a coach for our young and new investors at the TrulyRichClub social site. It’s a fun, learning family with the purpose of “helping good people become rich”. I’m inviting you to join the TrulyRichClub too and email me at if you have any questions. Click here to join!

P.S. 2. My co-author/illustrator Des Feliciano and I have just launched our “The Adventures of Pepot Kuripot and Dora Gastadora” comic book! It’s arguably the first and only personal finance-influenced comic book in the Philippines. Order your copy now from our website and have it delivered right at your doorstep. Or you can grab your copy yourself at The Pantry at 07 in Makati City and ilovemilktea in Las Pinas City. Now available also in Australia, Saudi Arabia, and the USA! Email for more details.

P.S. 3. If you are based abroad or just outside of Metro Manila and has been itching to learn more on how to jumpstart your business dreams, join me and my friend, serial entrepreneur Ginger Arboleda, as we take you through a series 2-hour webinars (for 11 Saturdays) that will help you focus on the technical skills and specific things that you have always wanted to know about in order to grow your business. We have come up with 10 sessions with 11 expert lecturers (with 1 FREE session if you enroll in the full program) that will make you a stronger and better entrepreneur. Register here to join the Enter Entrepreneurship Webinar Program now!

P.S. 4. Are you an OFW who’s been looking for a investment placement where your money could grow higher than your time deposit accounts? Are you outside of Metro Manila and would like to start investing in mutual funds but have no personal advisors to help you out? Click here so I can help you open a mutual fund account NOW! .

P.S. 2. The 1st Angat Pilipinas Financial Literacy Awards has opened the nominations phase for the Blogger of the Year, the Author of the Year, Advocacy Group of the Year, and the Institution of the Year Awards. Got someone in mind? Submit your nominations here!

6 thoughts on “How To Start A Business Effectively”

  1. Hi sir burn,

    Thank you po for this sir. Im planning to start my business kahit i dont have the background coz im in different field and most people around me are afraid of doing business. But im thankful po dito kasi nagkakaroon ako ng idea and inspiration. And btw, thanks for infos sa investing page im also an avid reader on that page and i usually saw you. Thanks heaps.😁


  2. Hi Burn,

    Thanks for this tips , these qualities would really help yung mga aspiring entrepreneurs to succeed in putting up a business. Hopefully someday magkaron din ako ng sarili kong business, when i get back home sa Philippines from working abroad

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