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    • Growing Your Business

    Growing Your Business

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    The mid-business life dilemma

    Your business has already been up for a few years and you’re doing an evaluation:
    Loyal customer base? Check! Happy employees? Check! Good profit? Check!

    Now you know it’s time to grow your business and this could be just as hard and as scary as when you first started. This fear is what we call “The Mid-Business Life Dilemma”. But do not worry. We have some tips and advice on how you can move past this so that you can continue building your empire!

    FAST TIPS

    1

    Growth can be overwhelming when taken too quickly. Set realistic goals and know how to manage resources and expectations.

    2

    With your role as leader, you need to take time to get to know your people and understand what their needs are and know which ones you can address.

    3

    Don’t get too caught up with your company’s impressive cash flow. Manage your daily expenses. Invest wisely…in technology, supplies and your people.

    4

    Hiring the right people is essential for any business to thrive. Look for quality employees even if may take longer to do so. Retaining them…that’s another challenge.

    5

    Create healthy, open communication within the workplace. Employees stay longer in a company when they know they’re being heard and their contributions are valued.

    there’s nothing more fullfilling than your own blooming business, SO TAKE advice from SOME of the most SUCCESSFUL ENTREPRENUERS who started just like you. :)


    BE LIKE RAJO

    RAJO LAUREL GROUP OF COMPANIES PRESIDENT & CREATIVE DIRECTOR, RAJO LAUREL

    “Never settle. Go beyond your comfort zone.” Stay determined to be better, to grow stronger, and dream bigger. Your pace may be slow, but it's sure-footed.
    “Evolve but retain your authenticity.” You have to reinvent and grow. But while you evolve, you must be able to remain authentic to who you are.
    “Set aside time in solitude to re-energize.” You need to both inhale and exhale, in order to be more effective. You can’t keep exhaling and expect something good to come out of it.

    BE LIKE BILL

    MICROSOFT CO-FOUNDER, BILL GATES

    “Change the world or go home.” Live your values.
    “Your best gets better with the right people.” Surround yourself with the right people who will make up for your weakness.
    “Innovation is the heart and soul of a business.” Innovate your products, your process, and your market to stay ahead of the game.

    BE LIKE STEVE

    APPLE FOUNDER, STEVE JOBS

    “Keep a strict focus.” Pick your products carefully even if it means saying no to other great ideas.
    “Learn from failure.” Learn from past mistakes. When you lose, don’t lose the lesson.
    “Surround yourself with the best people.” You need extremely talented allies to help you get the job done.

    BE LIKE MARK

    FACEBOOK FOUDNER & CEO, MARK ZUCKERBERG

    “Invest in your passion.” Let your passion be the foundation of your endeavor.
    “Completion trumps perfection.” Get the tasks done to the best of your ability.
    “Be fearless.” Conquer your fears and take risks despite the odds.

    BE LIKE REESE

    RAGS2RICHES PRESIDENT & FOUNDING PARTNER, REESE FERNANDEZ-RUIZ

    “When you find what you're passionate about, act on it.” Don't waste a lot of time trying to figure things out.
    “Be market-driven.” Look around and see what's out there then bridge those with what your company can do.
    “Don't be afraid to collaborate.” It’s always good to share ideas, and to partner with people who can help you and whom you can help.

    BE LIKE MARIA

    RAPPLER CEO & EXECUTIVE DIRECTOR, MARIA RESSA

    “Do not accept the world you see today. We can solve old problems in new ways.” Find your allies – because you can’t do this alone.
    “The courage of leadership is personal.” It is showing up, being there, committing to do the difficult, repetitive tasks and having the courage to do the right thing even when it isn’t what you want to do.
    ”The only constant is change, and the rate of change is accelerating.” If you only learn and follow today’s “best practices,” you’ve already failed because it will lead to a dead end.

    BE LIKE RAJO

    RAJO LAUREL GROUP OF COMPANIES PRESIDENT & CREATIVE DIRECTOR, RAJO LAUREL

    “Never settle. Go beyond your comfort zone.” Stay determined to be better, to grow stronger, and dream bigger. Your pace may be slow, but it's sure-footed.
    “Evolve but retain your authenticity.” You have to reinvent and grow. But while you evolve, you must be able to remain authentic to who you are.
    “Set aside time in solitude to re-energize.” You need to both inhale and exhale, in order to be more effective. You can’t keep exhaling and expect something good to come out of it.

    BE LIKE BILL

    MICROSOFT CO-FOUNDER, BILL GATES

    “Change the world or go home.” Live your values.
    “Your best gets better with the right people.” Surround yourself with the right people who will make up for your weakness.
    “Innovation is the heart and soul of a business.” Innovate your products, your process, and your market to stay ahead of the game.

    WE ALL KNOW EMPLOYEES ARE THE FUEL IN ANY BUSINESS, and no business is successful without the right people who are capable of doing their jobs, and those who would be loyal to you. Below are some insights about employee health and how it relates to employee productivity and overall retention.

    REMEMBER, health is wealth!

    Improving employee productivity in sickness & in health

    6x

    Loss of worker productivity

    Studies show that each day of absence due to illness is equivalent to almost 6 times lost worker productivity per year.


    52%

    ABSENTEEISM RATE

    Work-related stress in the Philippines has increased absenteeism to about 52%.




    8-10

    Hours

    Employees can do 8 to 10 hours of meaningful work a day, but need to take breaks every hour and a half to remain productive.



    140

    Hours

    Healthy workers are able to produce 140 “effective working hours” per month as compared to unhealthy workers who can only produce 45 “effective working hours”.


    There are also some mobile apps to help your daily work load. Apps for general productivity, time tracking, managing projects, team communication, etc. These apps will help you boost productivity and efficiency so you can let go of outdated processes. Real-time data sharing, cloud storage & virtual communications don’t only make work accessible virtually anywhere, it also boosts productivity, efficiency and team morale.

    OTHER ESSENTIAL READING

    • Strategies to expand your business

      According to a recent survey, 26% of small and medium-sized businesses are diversifying to give themselves a competitive edge in the market. In this article we take a look at 10 ways you can grow.

      READ MORE
    • 4 Free Social Media Marketing Sites for Local Small Businesses

      As a small business owner, you probably have a Facebook page and a Twitter account, but that doesn’t mean you’re effectively using social media for marketing. 

      READ MORE
    • 22 Free Google Products for Small Business Owners

      For ecommerce entrepreneurs and small business owners, Google has attractive, free tools for nearly every aspect of online productivity. Here is a list of free online products from Google. There are simple efficiency tools, as well as game-changing web applications. 

      READ MORE

    So far, we've given you tips on handling your "Mid-Business Life Dilemma", heard business advice from some of world's most successful entrepreneurs and learned new tech savvy apps to become more efficient. Now you need products that can provide you with more than just protection for your employees. Products that are tailor-made to fit the needs of your people. Products like those of Philam Life's.

    Sources:

    • 21 Best Small Business Apps http://www.thesimpledollar.com/best-small-business-apps/
    • Strategies to expand your business https://www.fpb.org/business-support/strategies-expand-your-business
    • 4 Free Social Media Marketing Sites for Local Small Businesses http://www.moneycrashers.com/social-media-marketing-sites-local-small-business/
    • 22 Free Google Products for Small Business Owners http://www.practicalecommerce.com/articles/60668-22-Free-Google-Products-for-Small-Business-Owners
    • Tips on Overcoming Mid-Business Life Dilemma - http://manage.top5inrealestate.com/items/view/null/24361/
    • Tips from Bill Gates - http://sourcesofinsight.com/lessons-learned-from-bill-gates/
    • Tips from Steve Jobs - http://addicted2success.com/success-advice/10-great-business-lessons-from-the-founder-of-apple-steve-jobs/
    • Tips from Mark Zuckerberg - https://www.yourvelocity.com/7-business-lessons-mark-zuckerberg/
    • Tips from Reese Ruiz - http://moneysense.com.ph/earn/helping-the-poor-turn-rags-to-riches/
    • Tips from Maria Ressa - http://www.philstar.com/sunday-life/749773/maria-ressa-courage-makes-woman-sexy
    • Tips from Rajo Laurel - http://www.philstar.com/allure/2015/09/13/1499167/perfect-fit
    • Health is Wealth
    • http://business.inquirer.net/81028/employee-wellness-can-translate-to-more-profit
    • http://www.manilatimes.net/more-filipino-workers-stressed-out/54845/
    • http://www.philstar.com/business-life/661120/how-make-employees-more-productive
    • http://business.inquirer.net/81028/employee-wellness-can-translate-to-more-profit

    HOW CAN WE HELP?

    In any life goal you want to achieve - to travel the world, to start a family, or to put up your own business - you need the right plan to go with it. Select from our array of custom-fit and unique life insurance plans and let us help you relish your dreams.

    Group Life Classic

    Group Life

    AIA Philippines' Group Life Classic is a flexible product that helps secure the welfare of your employees with its customizable life, disability and health benefits.

    Group Medical Classic

    Group Medical

    AIA Philippines' Group Medical Classic is a customizable medical insurance plan that offers both health, life and accident protection.

    Classic Corporate Personal Accident

    Group Accident

    AIA Philippines' Classic Corporate Personal Accident offers comprehensive and customizable accident protection for your employees.

    Group Health Choice Plus

    Group Life

    AIA Philippines' Group Health Choice is a packaged product that offers comprehensive life, accident, disability and health benefits for businesses with at least 5 regular employees.

    Health Link

    Group Medical

    AIA Philippines’ Health Link is a comprehensive plan that offers medical and life insurance benefits to business owners with at least 5 regular employees.

    Jr. Classic Corporate Personal Accident

    Group Accident

    AIA Philippines’ Junior Corporate Personal Accident allows you to provide meaningful benefits against accidents, regardless of the size of your business.

    CONTACT AIA PHILIPPINES

    PH: (02) 8 528 2000
    INT PLDT NDD: 1800 10 528 2000

     

    AIA Philippines Head Office
    16F-18F Six/NEO Building
    5th Avenue corner 26th Street
    Bonifacio Global City, Taguig
    Metro Manila, Philippines 1634

    CONTACT AIA Philippines

    PH: (02) 8 528 2000
    INT PLDT NDD: 1800 10 528 2000

     

    AIA Philippines Head Office
    15-18F Six/NEO Building
    5th Avenue corner 26th Street
    Bonifacio Global City, Taguig
    Metro Manila, Philippines 1634

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