By Joanne Namnama
G. Parrocha
SAN FERNANDO CITY,
Aug 1 (PIA) -- The Department of Trade and Industry (DTI) in the region has
started promoting its online publication “Radio Bits,” an online compilation of
business-related tips for consumers, investors, and entrepreneurs.
The website seeks
to develop the business skills for those starting out and how to keep the
business going for those with established investments.
For July, the DTI
presented tips on business planning with four key principles to keep in mind
namely: an organization plan, a financial plan, production and marketing plan.
Organizational plan
includes identifying the workers and their total number in a certain business
and knowing how to organize them. Financial plan lets an entrepreneur manage
his business capital through proper budgeting.
On the other hand,
production plan includes knowing the most appropriate ways in the production of
products or goods. For instance, a business owner must know the right materials
for his products and where to purchase high quality but affordable materials to
save. He must also be equipped with knowledge on the equipment needed.
Lastly, an owner
must prepare a marketing plan which will guide him how to sell his products
easily. There must be target clients or prospect buyers of the product.
For more tips,
consumers or business owners can subscribe to DTI’s monthly publication by
sending an e-mail to publications@dti.gov.ph or they may visit the nearest DTI
operational offices for more inquiries. (MCA/JNP-PIA1 La Union)
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