my first official business

though i tried my luck in buy & sell, network marketing and real estate businesses, nothing yet became my niche.

an opportunity

an opportunity comes when my wife's friend ask her to form a partnership in computer selling and services. we hurriedly grab this opportunity since our soon to be partner is an experienced and an expert in the field. she holds a list of suppliers and clients that we can tap when we start operating. at the same time we have a big prospect that needs to be taken care of asap. all we need to do is to come up with our own company and register it to make it official.

financing

we agreed on our initial capital of 100k and we decided to divide it for 50k per share. and since we are in a hurry, i immediately applied for a consolidation loan with the Government Service Insurance System (GSIS). good thing, all my files are in order and my application was approved immediately.

registration

we faced some problems especially during the registration. to register a partnership with the Securities and Exchange Commission (SEC) it requires a lot more documents than the usual and since we are in a hurry we decided to start our company under the sole proprietorship with my wife's friend as general manager. that means we only have to register the company with the Department of Trade and Industry (DTI).

the company

on june 16, monday, our first ever official business had its soft launching. it is located in mandaluyong city near the City Hall. though we still need to register it with the Bureau of Internal Revenue (BIR) for our official receipt, we can now start looking for clients.

additional sacrifice

due to capital and budgetary constraints, we lend our personal computer for our company operation. i know that sooner or later it will be replaced with new, sleek, all powerful, wi-fi, notebook.

we are hoping and praying that this first venture of ours would succeed and grow. so help us God.