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Top 10 Highest Paying Jobs in the Philippines

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The country has not seen normality in the past 2 years since the pandemic happened, it might as well be assumed that many of these changes are here to stay in the next three to five years. Though this new way of living seems permanent and as if life has come to a standstill, it does not mean that all jobs and every industry has suffered equally.  Even more so, it also does not mean your career progression or decision to shift career has to come to a full stop. In this article, we will discuss the top 10 highest-paying jobs in the Philippines. We will also consider the length of time for study, working hours, job description, and of course, the salary. As part of common advice, besides following the money, also consider where your interests lie. A progression in any career will depend on the depth of your knowledge and experience, which factors in the time you spend developing and practicing your new skills.

#1 Doctors/Surgeons

Doctor’s Job Description: Anywhere in the world, especially today, the medical field has increased its demand for these practitioners. There is a large variety of specializations that determines the years spent studying, which also equates to the amount earned later on. Providing continued care for patients, performing surgeries, organizing preventive medical programs, and referring patients to specialized medical care provided by the hospital.

How to Become a Doctor: Minimum three years for a pre-med bachelor’s degree and then four years for an M.D. course. After these seven years, about a year is taken to prepare for the board exam.

Doctor’s Working Hours: Average of 40- 60 hours a week

Doctor’s Salary: 1,200,000 – 1,260,000 per year

#2 C-level Executive

CEO or COO Job Description: Also known as a C-suite executive, these individuals take the highest positions in a company, particularly the Chief Executive Officer (CEO). Other examples of C-level positions are Chief Operating Officers, and Chief Financial Officers. The most power and influence are held by these people who direct company strategy, make high-stakes decisions, and oversee the day-to-day operations are all in line with company goals and objectives.

How to Become a C-level Executive: About 41% of C-level executives have a masters degree over their bachelors degree. This would be equivalent to an average of 6 years of study in total.

Executive’s Working Hours: Though there are no studies based for the Philippines, 9.7 hours per week according to a global study done by Harvard Business Review

C-level Executive Salary: 1,100,000- 1,160,000 yearly

#3 Lawyer

Lawyer’s Job Description: A lawyer’s interests lie in upholding the law and protecting their client’s rights. This involves a lot of research to gather evidence, approvals, and documentation, plus giving legal advice. A lawyer’s role also covers reviewing and managing estates, wills, trusts, contracts, and deeds. Another one of their responsibilities is managing processes for regulatory and compliance-related services. These are only some of the tasks that cover a lawyer’s job description and their focus will depend on the specialization they have chosen. Here are the areas they can specialize in: Constitutional Law, Criminal Law, Business Law, Labor Law, Civil Law, Tax Law, Family Law, and Environmental Law.

How to Become a Lawyer: Four years for an undergraduate degree, then another four years for a law degree. After these have been completed, there is a bar exam to pass. This would total eight years in school and an average of three to six months to review for the bar.

Lawyer’s Working Hours: Lawyers in larger firms work longer than 40 hours a week, this is also seen in data gathered by the Bureau of Labor Statistics in the US. It is estimated that the average working hours of a lawyer is 49.6 hours a week and possibly longer for larger firms.

Lawyer’s Salary: 900,000- 987,000 yearly

#4 Bank Manager

Bank Manager’s Job Description: Being in the manager position, this role oversees day-to-day operations with special attention to promoting and marketing the bank’s products and services to increase performance. This role also entails dealing with customers and addressing complaints, supervising approval of loans, preparing financial statements, preparation of budgets, and forecasts according to fiscal needs.

How to Become a Bank Manager: A bachelor’s degree, typically a course in business, economics, finance, management, or marketing, is the minimum requirement for this position. There is a small percentage of 13% that have a master’s degree for the role.

Bank Manager’s Working Hours: Bank open hours are usually from 9 am-5 pm and may have some weekend operations too. 

Bank Manager’s Salary: 971,000 yearly on average

#5 Art Director

Art Director’s Job description: An art director’s job description involves directing and coordinating projects from start to completion. He formulates design concepts and chooses elements, locations, or materials depending on the need of the client/company. At the end of each project the art director has to sign off and give his approval to the designers he manages before this is used on different types of media. An art director exhibits his mastery of different skills such as typography, image manipulation, animation, or illustration and mixes this with his knowledge of marketing design.

How to Become an Art Director: A bachelor’s degree is enough for this role but a portfolio proving creativity and experience will be required.

Art Director’s Working Hours: This is dependent on the industry that can vary from the usual 9 am-5 pm to very long working hours in large advertising agencies.

Art Director’s Salary: 831,432 yearly on average

Tip: You can become a home-based art director by becoming a virtual assistant. In this guide, you can learn how to become a VA (virtual assistant).

#6 Geologist

Geologist’s Job description: A Geologist provides support to engineering design and field programs through geologic/ geotechnical services they provide. This includes creating plans and managing geotechnical exploration programs. Depending on the project, it may involve assigning laboratory testing, soil and water sampling, studying geotechnical fields as well as soil and rock logging, etc. A geologist can create many different types of maps that can be applied for different uses, some of these maps can even predict volcano, earthquake, and landslide hazards.

How to Become a Geologist: A four-year course in BS Geology is required for this role and then a geologist licensure exam under the PRC needs to be passed. The three universities that offer BS Geology are Adamson University, Mapua Institute of Technology, and UP Diliman.

Geologist’s Working Hours: Normal office hours are still 9 am-5 pm but there is a lot of fieldwork involved that could make it longer or irregular at times.

Geologist’s Salary: 778,668 yearly on average

#7 Pilot

Pilot’s Job description: A pilot’s role is mainly to transport people, mail, and also freight for commercial purposes. Other responsibilities include checking documentation to determine safety and readiness before flight; factors such as weight/load, fuel supply, weather conditions, route, and schedule are all to be considered. If there is anything amiss they can order for changes, replenishment, or reduction, wherever they see appropriate before liftoff. As part of preparation before starting the engines, a pilot must also read gauges on oil supply, hydraulic fluid, cabin pressure, and others.

How to Become a Pilot: A college degree is not a prerequisite to becoming a pilot, though about 47% of pilots have a bachelor’s degree and 19% have a master’s degree. This is because major airlines have made it a requirement that their pilots are college graduates. A primary requirement to fly is passing the Private Pilot License exam and then earning the Commercial Pilot License after if you want to be paid to fly.

Pilot’s Working Hours: Needless to say, you should expect irregular working hours for this job. Schedules will be dependent on flight times whether it may be in the middle of the day, late nights, or early hours in the morning. And flight lengths will give you 3-hour shifts to 12-hour shifts depending on the route and the company.

Pilot’s Salary: 693,468 yearly

#8 Computer Programmer

Computer Programmer’s Job description: A computer programmer will normally know more than one programming language, and he will be referred to according to the language he will be using such as java programmer or according to the function he will perform such as web programmer, database programmer, etc. His skill is in the writing, modifying, debugging, and testing of computer codes for different types of software. After he has set up and tested the software it is also up to him to maintain and update it.

How to Become a Computer Programmer: A 4-year bachelor’s degree in computer science, information technology, or a similar course that has significant computer programming content.

Computer Programmer’s Working Hours: Typically they will be working 40 hours a week and 50 hours a week for some. Depending on the company they may be working alone or with a team, and may need to travel to client offices to provide training and support.

Computer Programmer’s Salary: 522,876 yearly

#9 Financial Advisor/Financial Broker

Financial Advisor’s Job description: A financial broker is a go-to person if you want to sell or buy financial or non-financial products. These individuals manage the portfolio of individuals or clients with the objective of higher income or growth. They may be involved in different dealings such as real estate, investments, and insurance. As an advisor, they forge relationships, act as a liaison between different groups/individuals, and perform administrative tasks.

You can read the full job description of financial advisors here.

How to Become a Financial Advisor: Anyone can be a financial advisor/broker, but you would have an advantage if you had a background in finance, only because a good understanding of the market and how it works is important. That being said, there is no pre-requisite course needed because training will be provided by the company plus a guiding manager will be assigned to you. The training period would be three to six months depending on the company.

Financial Advisor’s Working hours: Depending on the arrangement this may be a full-time 8-hour job or part-time with flexible hours.

Financial Advisor’s Salary: 350,000

#10 Civil Engineer

Civil Engineer’s Job description: Engineering duties are performed by a Civil Engineer which covers creating plans and designs, plus overseeing the construction and maintenance of buildings. The scope of their work also allows them to do the same for roads, airports, bridges, dams, power plants, waste disposal, and other infrastructures.

How to Become a Civil Engineer: Five-year course in BS Civil Engineering then a test under the PRC to get a license to practice.

Civil Engineer’s Working Hours: A 9 am-5 pm full-time job would be the norm for a civil engineer. But once they are involved in directing projects, longer hours will be needed than just the regular 8-hour shift.

Civil Engineer’s Salary: 256,815 yearly on average

Sources: https://www.dole.gov.ph/

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Best Marketing Strategies for Small Food Businesses in 2024

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how to promote a food business

In the fast-paced culinary world of 2024, small food businesses are carving out their niche with innovative and impactful marketing strategies. Running a food business can be complicated, but with the right approach, even the smallest establishments can attract a loyal customer base and thrive.

This guide shares the best marketing strategies for small food businesses, offering fresh insights and practical tips to help your venture stand out and succeed in the ever-evolving market. Whether you’re a cozy cafe, a trendy food truck, or a home-based bakery, in this blog, you’ll discover how to effectively promote your brand.

Food Business Strategy Ideas – A Quick List

Here’s a list of food business strategy ideas that offer practical and innovative approaches to help you attract and retain customers, enhance your brand presence, and boost your sales.

  1. Social Media Posts
  2. Google My Business Profile
  3. Using Online Food Delivery Platforms
  4. Website
  5. Email Marketing
  6. Having a Unique Selling Point
  7. Effective Packaging & Branding
  8. Engaging in Online Food Communities
  9. Using Food Influencers
  10. Running a Loyalty Program
  11. User-Generated Content
  12. Joining Local Events

12 Best Marketing Strategies for Small Food Businesses in 2024

These 12 best strategies will help your business attract and keep customers in a competitive market.

 1. Social Media Posts

Leveraging social media platforms like Instagram, Facebook, and TikTok is crucial for reaching and engaging a wide audience. Regular posts featuring high-quality images, stories, reels, and live streams can showcase your offerings and build a strong online community. Use targeted ads to reach local customers and drive more traffic to your business.

2. Google My Business Profile

Optimizing your Google My Business profile enhances your visibility in local search results and Google Maps. Ensure your profile has accurate information, high-quality photos, and customer reviews. Above all, keep your NAP (name, address, & phone number) correct and consistent in all your online profiles. Your NAP on your Google My Business Profile should be the same as what’s on your website and social media accounts.

3. Using Online Food Delivery Platforms

Partnering with popular food delivery platforms like GrabFood, FoodPanda, JoyRide, or Angkas can significantly expand your reach. These platforms provide access to a large customer base seeking convenient meal options. Keep your menu updated, ensure competitive pricing, and optimize delivery times for a seamless customer experience.

4. Website

A professional and user-friendly website is essential for establishing an online presence. Your website should include key information such as the menu, contact details, location, and operating hours. Integrate an online ordering system to facilitate takeout and delivery. Adding a blog can improve your SEO and engage visitors with relevant content.

5. Email Marketing

Email marketing remains a powerful tool for customer retention. Build an email list by offering sign-up incentives, such as discounts or freebies. Send regular newsletters with updates on new menu items, special offers, and events. Personalize emails to enhance customer loyalty and encourage repeat business.

6. Having a Unique Selling Point

A unique selling point (USP) differentiates your business from competitors. Identify what makes your food business special—a signature dish, unique ingredient, exceptional service, or a distinctive dining experience. Highlight your USP in all marketing materials to attract customers seeking something specific and memorable.

7. Effective Packaging & Branding

Invest in high-quality, eco-friendly packaging that reflects your brand’s values and aesthetics. Consistent and attractive branding across all touchpoints, from your logo and menu to social media and packaging, helps create a cohesive and recognizable identity.

8. Engaging in Online Food Communities

Participate in online food communities and forums like Facebook groups, Reddit, Quora, and Tripadvisor forums. These spaces help build relationships with potential customers and gain insights into trends and preferences. Share your expertise, answer questions, and subtly promote your business to build credibility and attract new customers.

9. Using Food Influencers

Collaborating with food influencers can amplify your reach and credibility. Identify local influencers whose audience aligns with your target market and invite them to try your food in exchange for a review or feature. Influencer partnerships can generate buzz, increase your social media following, and drive more customers to your business.

10. Loyalty Program

Implementing a loyalty program can encourage repeat orders. Offer rewards such as discounts, free items, or exclusive offers to regular customers. Digital loyalty programs, which track customer activity and personalize rewards, are particularly effective in 2024 for fostering long-term relationships.

11. User-Generated Content

Encourage customers to create and share content featuring your food. User-generated content (UGC), such as photos, reviews, and social media posts, serves as authentic endorsements and increases your business’s visibility. Create hashtag contests to motivate customers to share their experiences and feature the best content on your social media channels.

12. Joining Local Events

Participating in local events, such as food festivals, farmers markets, and community gatherings, helps you connect with your community and attract new customers. These events allow you to showcase your food, interact with potential customers face-to-face, and build brand awareness. Collaborate with other local businesses and organizations to strengthen your presence and network within the community.

Final Thoughts

Integrating online and offline marketing strategies is essential for a comprehensive and effective marketing approach. While online marketing offers vast reach and precise targeting, offline methods provide tangible interactions and local engagement. Combining these strategies ensures broader audience coverage, reinforces brand messaging, and leverages the strengths of each medium. 

By blending digital convenience with physical presence, businesses can create more impactful campaigns, enhance customer experiences, and drive better results. This integration is crucial for adapting to evolving consumer behaviors and staying competitive in a dynamic market landscape.

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How to Become a Financial Advisor in the Philippines

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Licensed Financial Advisor Application

A financial advisor is a very rewarding job but, it is also a job that requires lots of patience and hard work. Just like any other earning opportunity, you need to dedicate time and money to run this kind of business. The income is small at first, but as you grow your network, your income will also start to grow. The income potential in this career is endless! You can earn whatever amount you want, but you need to put in the right kind of effort to make it work.

Do you want to be a financial advisor? In this article, you will learn what a financial advisor does and the steps required to become a financial advisor.

What Does a Financial Advisor Do?

In a nutshell, a financial advisor guides clients in managing finances wisely. The term “financial advisor” is too broad and doesn’t fully explain the scope of work. 

A financial advisor possesses various skills that allow them to provide various kinds of financial planning. From planning wealth-building strategies to diversifying investment portfolio, they accompany you every step of the way.

Financial Advisor Job Description

A financial advisor has a wide scope of work, but here are their primary tasks they do:

  1. Create a prospect list or list of potential clients
  2. Discuss financial goals with clients 
  3. Explain the services that you offer and how they can benefit the client
  4. Recommend services that will help the client achieve their financial goals
  5. Ensure that the client understands the benefits and the risks involved in investing
  6. Help clients plan for basic needs such as health expenses, education, and retirement
  7. Monitor client’s accounts and be able to give recommendations as the need arises

Financial Advisor Salary

Being a financial advisor is listed to be one the highest paying jobs in the Philippines. However, there is no definite answer as to how much a financial advisor can earn because that depends on how many sales you can close in a month and whether you’re working full-time or part-time.

In a blog published by Aetos FPH Insurance Agency, founder Mark Fernandez stated that he started with a monthly income of 15,000 PHP to 20,000 PHP. As he continued to improve his skills, he eventually started earning up to 50,00 PHP a month including commissions. 

There are also three payment structures that advisors use to increase their earnings based on the type of work they do:

  1. Commission-based. This is based on the number and kind of financial products that they successfully sell. The commission ranges from 1% to 5%.
  2. Flat fee or hourly fee. Some advisors charge a flat rate that can be anywhere from 15,000 to 50,000 PHP for a full range of their services. Their hourly fee generally starts from 3,000 to 10,000 pesos commensurate to their experience and credentials.
  3. Combination pay plan. This is a combination of the aforementioned types. Advisors will earn a commission from selling the products and a separate fee for their services.

Common Benefits of a Financial Advisor

  1. Huge income potential
  2. Balance between personal and professional life
  3. Flexibility to work at your preferred time and place
  4. Control over quality and quantity of clients
  5. Networking opportunities
  6. Travel incentives
  7. Free access to financial management and investing trainings

Financial Advisor Qualifications

These are the general qualifications needed for a Filipino citizen to become a financial advisor:

  1. Must be at least 18 years old.
  2. Should have taken and passed the training and exam of the insurance company they want to work for.
  3. Should pass the Insurance Commission’s exam. 

You are not required to graduate from any business or finance-related course to be a financial advisor. You will also be accepted if you do not have a college diploma. As for the skills, insurance companies hold regular trainings and seminars to help their agents learn the skills they need to effectively help their future clients.

Do you need to be a full-time financial advisor?

No. You can work part-time if you have another job that requires your full attention during weekdays. Most agents working part-time meet with their clients during weekends. The decision to transition to full-time depends on how you see yourself as a financial professional in the future and if you want to commit to improving your skills and expanding your client base.

Steps to Becoming a Financial Advisor

1. Choose an insurance company that you believe in.

The first step to becoming a financial advisor is to choose an insurance company that you believe in. You need to do your research so that you won’t join a company based only on your first impression. Find out what their products are and how their investment funds are performing. Find out how long they have been in the insurance business. You can also ask people you know who bought their products and ask them about their experience. By learning more and more about the company, you will be more confident in selling their products. In the Philippines, many reputable insurance companies can help you start your financial advising career. AXA, Sun Life, and PRU Life are among the top reputable insurance companies you can join in.

2. Contact a financial advisor from your selected insurance company.

Financial advisors are not limited to working with clients who want to buy insurance products. They also serve as resource persons for those who are interested to start a career in financial advising. To help you gain a better perspective, it is better to set up a meeting with a financial advisor. They can give you advice and help straighten out your expectations. They can also explain the pros and cons of this work and the risks and rewards of being a financial advisor.

Applying as a financial advisor is free. If you are interested to become a licensed financial advisor in the Philippines, you can fill up the application form below and receive calls within the next 72 hours from different companies.

Please indicate your mobile number in order to receive the application status
You must be at least 18 years to apply for this job.


3. Secure an agent’s training program from the company.

Many insurance companies give two kinds of training: insurance-focused (traditional) and financial products involving mutual funds and UITF (variable type). Both trainings can take up to a week to complete. After the training, you will take an exam where you will apply everything you have learned from the training.

4. Take the licensing exam given by the Insurance Commission

You need to take and pass the exam given by the Insurance Commission. Once you pass the exam, you can apply for licensing so that you will be issued an agent code. The expenses of the exam plus coding can cost up to 5,000 pesos or more.
You can check here the requirements for the insurance agent’s license application.

5. Submit your application requirements to the insurance company.

The financial advisor requirements vary for each company but here are the usual documents you need to prepare:

  • ID Pictures
  • NBI Clearance
  • Document Stamps
  • IC Exam Results
  • Licensing Application
  • Latest ITR
  • SSS
  • BIR ID or TIN card
  • Company ID or clearance from previous company.

Final Thoughts

Becoming a financial advisor in the Philippines is a journey that offers diverse opportunities and rewards. Aspiring advisors can embark on this path with minimal educational requirements and a commitment to learning and growth. 

With the guidance of reputable insurance companies and dedicated mentors, individuals can navigate the training process and licensing exams to establish themselves in this dynamic field. The flexibility of part-time or full-time engagement allows for a balance between personal and professional life, while the potential for significant income and networking opportunities adds allure to the profession. 

Ultimately, by embracing continuous learning, honing essential skills, and meeting regulatory requirements, individuals can carve out a fulfilling career as financial advisors, empowering clients to achieve their financial goals and secure their futures.

Frequently Asked Questions

Can you be a financial advisor without an accounting degree?

Yes. Insurance companies don’t require you to be an accounting graduate.

Do you need to be a college graduate to be a financial advisor in the Philippines?

No. The minimum education requirement is Grade 12. Also, what matters most is that you finish the company training and pass the licensure exam.

How long does it take to become a licensed financial advisor?

The road to becoming a licensed financial advisor starts once you attend company trainings for newbies. The training duration depends on the insurance company you choose. Some give self-paced trainings that can be completed in a week while others take around a month to finish.  After that, you have to start reviewing for the exam.

Overall, it can take around two to three months to become a licensed financial advisor.

How much is the financial advisor licensure exam?

The financial advisor licensure exam costs 1,010 pesos each while the licensing fee costs 1,545 pesos. The license is valid for three years.

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How to be a toktok Franchise Operator?

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toktok franchise is one of the top 5 investment opportunities that you can consider. toktok is a Filipino-developed application designed to facilitate safe, hassle-free deliveries and online ordering, eliminating the need for users to leave their homes. 

The name ‘toktok’ came from a blend of ‘tuktuk’, a type of transportation in Thailand, and the sound ‘toktok’, reminiscent of the knocking noise delivery drivers make when delivering goods. The primary purpose of toktok is to connect people by offering a convenient door-to-door delivery service.

This blog post will discuss how you can be a toktok franchise operator.

How to Be a toktok Operator

Franchisees who purchased the toktok online franchise package and registered with JC can apply to become a toktok franchise operator by following these steps:

  1. Visit https://toktok.ph/delivery
  2. Click “Be a toktok Operator”
  3. Sign up on the toktok operator registration form and submit the required documents.
  4. Attend two operator orientations via Zoom at the following times: 10:00 am – 12:00 pm & 1:00 pm – 3:00 pm
  5. Use the following Zoom meeting ID and passcode:
    • Meeting ID: 931 2288 3066
    • Passcode: 665536
  6. For validation of account, ensure that your registered FULL NAME in the toktok application appears during the Zoom orientation
  7. After attending the two required Zoom trainings, wait for 24-72 hours for the approval and validation excluding Sundays and holidays.

Related Article: How to Become a Toktok Rider

Benefits of Becoming a toktok Operator

  • No upgrade fees
  • No additional franchise fees
  • No extra capital investment
  • Partnership with SM and Robinsons Malls
  • Access to toktok’s delivery system, earning a 3% referral commission per booking
  • Own a toktok mall system and earn up to a 3.5% commission on all product sales
  • You can hire up to 100 riders, and earn a 7% commission per booking
  • Lifetime franchise with no renewal fees
  • One-time payment
  • Welcome gift of health and beauty products worth up to PHP 2,000
  • Basic online selling training is provided
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Everything That You Need to Know About Bitcoin

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bitcoin

If you’re into finance, the stock market, or e-commerce, then chances are you’ve probably heard of bitcoin. It has captured the attention of all kinds of people, from investors, economists, financial experts to celebrities, influencers, and huge companies. Famous bitcoin investors include Elon Musk and Paul Tudor Jones. Bitcoin has indeed taken the world by storm. Almost everyone is talking about it, especially after a significant boom in the year 2020. However, Bitcoin came into the mainstream spotlight way back in 2017 because of the bitcoin bubble. It has made headlines all around the world and created quite the fuss. The bitcoin price had significantly risen once more in 2020, and you might have heard your friends talking about it. Do you want to find out more things about bitcoin? Keep reading if you wish to find out what bitcoin is, if it’s a good investment, why people buy it, and how you can buy it.

Disclaimer: This article should be treated as purely informational content and not as financial advice. Please consult your financial advisor and study your investment decisions carefully before deciding to invest.

What Is Bitcoin?

In the year 2009, Satoshi Nakamoto released a paper entitled “Bitcoin: A Peer-to-Peer Electronic Cash System.” Little did we know that the software will change how we look at money and the e-commerce industry for years to come.

Bitcoin is the first cryptocurrency, a digital currency that operates without the need for a third party. If you have ever transacted online before, you know how the system typically works. Online payments are made possible through a trusted intermediary, such as the bank or government, who processes electronic payments. The traditional method uses a trust-based model.

On the other hand, bitcoin is entirely a digital money that uses cryptographic proof. Anyone can access every transaction made with bitcoin through a public ledger known as a blockchain. Blockchains are blocks of data in a digital chain. Each block contains information on every transaction made.

However, no one can see anyone’s identities here; only your wallet ID is, making it possible to sell or make purchases anonymously. This system also stops people from copying bitcoin, spending other people’s bitcoin, and reversing transactions. While you can use bitcoin to purchase items and avail services, you can also use bitcoin in trading.

Thanks to bitcoin’s decentralized nature, you don’t have to worry about third-party service charges or fees when making a transaction. That is why bitcoin offers lower processing fees than the traditional electronic payment system. It is deliberately designed that way – nobody owns it.

Is Bitcoin A Good Investment?

There is a growing number of people who are beginning to invest in bitcoin. I myself invest in bitcoin and other digital currencies. Financial experts like “Rich Dad, Poor Dad “author, Robert Kiyosaki believe that bitcoin can compete with gold, referring to bitcoin as digital gold. Like all investment ventures, bitcoin investment comes with a lot of risks and but the rewards are equally high.

Robert Kiyosaki, author of the best selling book, "Rich Dad, Poor Dad", talks about why bitcoin will replace gold.
Robert Kiyosaki, author of the best selling book, “Rich Dad, Poor Dad”, talks about why bitcoin will replace gold.

Before investing in anything, you should understand the number one rule in investment: you must be willing to lose money. There is no guarantee in any endeavor, hence you must carefully evaluate the risks.

Whether bitcoin is a good investment or not depends on the perspective. When you’re looking at it in the long term, bitcoin is a good investment. From regular folk to big names, people all over the world are using and investing in bitcoin. Even huge companies like Starbucks and Tesla are now accepting cryptocurrency.

From a short-term point of view, the answer depends. Bitcoin is a good investment during a bull run when the trends are growing upwards. That means that prices are either rising or expected to rise, which means that your assets’ value increases even in a short period of time. On the other hand, it isn’t good to invest in bitcoin in a bear market. During this time, bitcoin value is decreasing over an extended period.

Why Do People Buy Bitcoin?

Quick and Easy Transactions

In dealing with business or financial transactions, you will need to pay fees for each transaction. Moreover, it requires documentation and paperwork. Through bitcoin, you can transact transparently.

Apart from that, bitcoin offers lower transaction fees compared to Paypal and international bank transfers. Usually, banks charge us higher because they require people to handle our transactions. But through Bitcoin and other cryptocurrencies, transaction fees are relatively small because it is done digitally without the need for physical money transfer.

Effortless Asset Transfers

Through the blockchain system, you can quickly transfer the ownership of assets by disbursing the payment in bitcoin. The decentralization allows the users to transact safely. Here are some of the financial transaction benefits of bitcoin:

  • Tamper-proof registration
  • Extermination of intermediaries
  • Transparent transactions

Strong and Reliable Security

Bitcoin uses private keys to ensure the security of your money and identity. Through encryption and blockchain technology, Bitcoin guarantees that your digital coins are safe from hackers. Moreover, they ensure that your stored information is secured within the system.

Excellent Liquidity

Compared to other digital currencies, bitcoin offers greater liquidity. It enables you to keep possession of its inherent value upon crypto to fiat conversion. Conversely, other cryptocurrencies cannot be traded directly. As of the moment, you can use bitcoin in various shops and businesses. It means that as we use this currency in paying bills and dealing business, it becomes more liquid.

Independence from Political Influence

Bitcoin cannot be controlled by any state entity, which means it cannot be frozen or seized easily. Your money cannot be directly affected by the sudden change of government policies. Because bitcoin exists outside a political system, the digital currency works on its own. We have full control of the supply.

Decentralization

With its blockchain technology, it can manage the transaction records efficiently. Moreover, it only involves two parties in every transaction, which are the receiver and sender. This way, you don’t have to deal with an intermediary or a third party.

Digital Replacement of Gold and Barrier to Inflation

Each year, the value of money inflates, meaning the value it has now is not the same next year. Apart from that, it is the current replacement for gold. This is the reason why I myself invested in bitcoin to prevent my money from losing its value. If you are interested, please read my article about “6 Reasons Why I invested in Bitcoin”.

How to buy Bitcoin in the Philippines?

There are several places in the Philippines where you can buy bitcoin. Not only has the Bangko Sentral ng Pilipinas granted licenses to certain cryptocurrency exchanges, but there are also other platforms where you can buy digital currencies. Some of them are peer-to-peer marketplaces and bitcoin ATMs.

Binance

Binance is another popular cryptocurrency exchange here in the Philippines. Filipino Binance users can now buy and sell different cryptocurrencies, including ETH, BTC, BNB, and BUSD using local currency thanks via P2P (peer-to-peer) method. Using P2P, Filipinos can now buy directly from other users of Binance. Payments are usually done via bank transfers.

This platform also allows you to exchange cryptocurrency at a specified rate and with your preferred payment methods. Moreover, you also have the capability to transfer assets to a Binance wallet for free. Due to its zero transaction costs, more people recommend this platform for buying, selling, and trading. Binance.com has a peer-to-peer (P2P) network that allows users to gain more access to different financial services. I personally recommend Binance due to its low transaction cost and ease of use.

Bitcoin.com

If you have a credit card, you can easily purchase a digital currency. Bitcoin.com is a good place to start. Bitcoin cash and bitcoin core are also available for procurement. After clicking the buy button, you can simply enter the details required, including instructions linked via the “Need a Wallet?” option. With your email address, you can buy and sell bitcoins on this site using your credit card.

Coins.ph

Another way to buy bitcoin in the Philippines is through Coins.ph. It is the first cryptocurrency exchange to be authorised by the central bank, and is one of the fastest ways to purchase bitcoin in the Philippines. Since 2014, people have been buying bitcoin on this website. You can buy BCH, ETH, and XRP with the Philippine peso (PHP) without a bank account, credit card, or Paypal account, in addition to BTC.

Other platforms to buy, sell or trade:

  • Coinmama
  • eToro
  • Paybis
  • Coinage

Bitcoin is an efficient and effective way of transmitting money through digital platforms. They impose transparent rules and regulations within the system. More than ever, bitcoin is backed up with blockchain technology, making it a viable investment. Just make sure that you study the ins and outs of bitcoin to ensure that you are placing your money on the right platform. 

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By david
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How to Create a Binance Account

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Binance Trading Platform

I bought bitcoin (BTC) way back in 2015 when very few know about it here in the Philippines. Unfortunately, I sold it too early. Back then, I do not know about Binance and I used Etoro.com to buy bitcoin. Etoro.com has very expensive fees so I decided to transfer to Binance. It was only this year that I started using Binance and I haven’t had any problems using it. If you want to buy cryptocurrencies like bitcoin, this article will teach you to how to create a Binance account and how to buy bitcoin and other cryptocurrencies using it.

What is Binance?

From the words bitcoin and finance, Binance is an example of a cryptocurrency exchange. It’s one of the trending trading solutions, with it being accessible easily with a few taps from your smartphone. With more than 2000+ cryptocurrencies and 200+ crypto exchanges available, it can get intimidating for beginners and enthusiasts. But, you’ll be happy to know that Binance made trading easier and safer- addressing the common challenges its competitors have faced.

What is Binance’s Purpose?

A crypto trading platform that offers one of the most competitive rates around, it’s for beginner, pro, seasoned traders looking to trade crypto in the easiest and cheapest possible method.

Binance aims to:

  • Provide a better and reliable crypto trading architecture
  • Render better market liquidity
  • Give better customer service
  • Deliver internationalization and language support

Binance provides:

  • A crypto wallet for trading, where you can store electronic funds
  • Several supporting programs to help traders in making investment decisions
  • Low transaction fees, high market liquidity, and additional discounts for those who pay BNB cryptocurrency tokens
  • Safe fundraising and de-listing or withdrawal of cryptocurrencies
  • An option to raise funds through initial coin offerings (ICOs) for enthusiasts who want to launch their tokens

Binance supports:

  • Limit orders executed at the limit price set by the trader
  • Market orders did immediately at the best available market price
  • Stop limit orders that become valid orders only when the price reaches a specified level

Is Binance legit?

Binance may be a centralized exchange, but it’s reliable enough to handle the volume it has on its platform regularly, and there have been no reports of it or going down as of writing. It’s legitimate and safe through user account protection via Two Factor Authentication (2fa).

To give you more peace of mind, you can also apply and open a corporate account to trade or use Binance exchange under a legal entity (Corporation, LLP, Pvt. limited).

How to Create A Binance Account?

The beginning of your journey with cryptocurrency exchange begins with creating an account in Binance. Now that you know what Binance is and what it stands for, you might be thinking about how you can start navigating the crypto trading platform. Here’s a step-by-step guide on how you can create your Binance account.

  1. Go to the website.

This is a no-brainer. The first thing you should do is to go on Binance’s website. However, do be wary of the site you are going to. Make sure to check the website URL to see if you are indeed on the Binance page.

The reason for this is because there have been instances wherein phishing sites mirror the original website. Just check the URL and inspect the security certificate. To be even safer, type the web address directly yourself and bookmark it for future use.

  1. Register and go through the process.

Once you are on the home page, look for the “register” button on the upper right-hand corner. You have two options for signing up: using email or mobile. Fill in the necessary information, which is the email or mobile number and password. It is recommended that you use a strong password for maximum security.

There is a referral ID box that you can type into if you have one. This part is optional. Once you have provided all the needed information, you have to check that you have read and agree to Binance’s Terms of Service.

Once you’re done, click create an account! Before you can proceed, there will be a security verification puzzle for you to accomplish. Afterward, an account verification code will be sent to your email or mobile number, depending on what you chose. Ensure you have received the confirmation email because the code will expire in 30 minutes.

Binance will also provide some security tips in the email, so be sure to check that out!

  1. Set-up your account

Once you sign up, immediately enable the Google Two Factor Authentication. This will increase the security of your account. Binance also offers other features to heighten your security. You will need to do this before you can perform any type of transaction within the website.

  1. Enable Google Two Factor Authentication

First, download the Google Authenticator app on your phone. Then, you will be given a QR code to scan with the app. You will also be given a Key that will allow you to recover your app in the event of phone loss. It is essential for you to save this in a safe place because you will need this if you want to recover your Google Authenticator.

Input the verification code from your Google Authenticator in the necessary fields. You will receive two codes through your email and the app. Make sure to click “click to get code”; otherwise, an email won’t be sent to you.

You must input the codes immediately because these will expire.

Although, there is one more thing. Once you have an account, you will still need to verify some personal information. This is divided into three categories that have different benefits and fiat limits:

  • Basic
  • Intermediate
  • Advanced

The requirements will vary accordingly, but this information will be asked of you: personal information, government ID, facial verification, proof of address.

How to Buy Cryptocurrency Using Binance?

Once you already have a Binance account, you may opt to buy crypto using cash. You can do it in two ways. Either link your bank account or credit/debit card or directly buy from other users in Binance P2P. 

Out of all the options, linking your bank account or credit/debit card to Binance is the most convenient way of obtaining Bitcoin. Through this, you purchase crypto with a minimum amount of $15. Kindly take note that it may vary depending on the currency that you use. 

If you prefer not to link any of your bank accounts, you may buy cryptocurrency from your fellow users through Binance P2P. Just browse through crypto listings and select what to purchase. Since hundreds of merchants and payment gateways are available, following this option is also effective. 

In case the options mentioned are not at your disposal, buy crypto through third-party payment methods. Just make sure to check if the local currency you are using is correct. You can also use the Convert and OTC portal. It allows users to purchase crypto at a much cheaper rate. 

Binance is accessible in many regions. You have various options on where to buy crypto. You may check out any of the following: 

How to Deposit Funds to your Binance Account

In the Philippines, there are 3 ways to deposit funds in your Binance account

  1. Deposit using Debit/Credit card
  2. Deposit using P2P (peer to peer)
  3. Deposit using Coins.ph

How to Deposit Funds using Debit Card or Credit card

Binance charges a 2% deposit fees for whatever cryptocurrency you’ll buy from them. The 2% will be deducted from the total amount of cryptocurrency that you will buy. For example, if you will buy 1 bitcoin, you will receive 0.98 bitcoin after the 2% fee has been deducted. It is very easy to buy deposit funds to your Binance account. Simply follow the steps below to get started:

Step 1: Log in to your account
Step 2: Click Credit/Debit Card
Step 3: Choose a cryptocurrency that you want to buy
Step 4: Enter the amount you want to buy.
Step 5: Enter your card details
Step 6: Click the “Confirm Order” button to proceed.

Is Binance Worth it?

Considering its low fees, a fast and reliable exchange, and a stable platform, there’s a lot to love. Even just a few months of being in business, Binance has proved to be a success so far. Binance knows their business, considering that it offers worldwide service away from the Chinese government, which is already a huge feat. For some, limited fiat support may be a bit frustrating, but Binance is reportedly adding more options, with EUR and GBP trading pairs already added. Binance’s website supports 15 languages, and its cross-platform trading works on PCs, Android, and iOS devices. Binance is one of the fastest exchanges available, as it can handle 1,400,000 orders/second. Considering its age, Binance is constantly improving and evolving, so you don’t have to worry. Having said all of this, I personally recommend Binance for buying bitcoin and other cryptocurrencies in the Philippines.

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By david
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Top 5 Investment Opportunities for 2021

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investment opportunities

Finally – 2020 is over! However, the remnants of 2020 still haunt us today. Luckily, 2020 was productive for me despite the pandemic. I was able to capitalize on businesses and other projects with strong potential during the pandemic. This year, it is even more exciting. There’s a lot of opportunities in store for most of us. In this article, I will share with you what I think are the best investment opportunities for 2021. I have invested in some of these already while other investments will be new to me.

Disclaimer: This article is not a recommendation to invest in these opportunities. This article was written to give you investment ideas for 2021. We urge you to study this carefully before you invest in any of these.

Bitcoin and Other Cryptocurrencies

Last year, bitcoin’s price went as low as 5,000 USD. If you invested in bitcoin last year when it was still below 10,000 USD, you must be very lucky! Bitcoins price as of the time of this writing is above 30,000 USD. That is already a 600% return on investment if you bought bitcoin at 5,000 USD. While it is true that bitcoin is too expensive at its current price. I still believe it has a long way to go. My prediction is that bitcoin can reach 40,000 USD within the next 2 to 3 years (maybe even in the next few months). In my previous article, I’ve explained why I invested in bitcoin and why I think its price can still go up. If you are not looking for quick gains – bitcoin and other cryptocurrencies may be worth your time and money. You can invest in bitcoin for as low as 5000 Pesos. I used etoro.com to buy bitcoins and other cryptocurrencies. There are many ways to invest in bitcoin and etoro.com is just one of the many ways.

Toktok Express Franchise

Delivery services have been in demand even before the pandemic. When the pandemic started, more and more people started to use express courier apps like GrabExpress, JoyRide, and Lalamove. However, these companies do not offer a way for us to capitalize on this huge market. Lucky for us now, the Toktok Express franchise allows us to have our own courier business without even buying a motorcycle. Their franchisee is called Toktok Operator and as an operator, you need to recruit riders so that you can earn a commission from it. As a franchisee, you can hire up to 100 riders and you’ll earn a 7% commission for each transaction that your rider will be able to complete.

Sample Computation: Let’s assume you have 40 riders who earn 1,500 per day.
Commission in 1 day = 40 riders x 1,500 pesos x 0.07 commission = 4,200 Pesos per day (126,000 Pesos per month)

If you are interested to sign up as a franchisee, here’s the link to the application form.

Stock Market – Apple Shares

Investing in Apple shares is more of a speculative play for me. I would invest only a little over 5% of my total cash here. According to sources, Apple is planning to make an electric car by 2024. Electric cars are the latest innovations these days. There’s a lot of room for growth and this business still has a lot of potentials. Following the success of Apple’s mobile phones and computers, it won’t be a surprise to me if these electric cars will be a big hit for Apple. Apple is also one of Warren Buffet’s stock picks which tells you that the business is really strong.

Lending Business

Last year, a friend of mine invested 400,000 pesos for lending money to different start-ups. The interest amounts to 100,000 in just two years. That is 25% of what she invested. This year, I have a strong reason to believe that this lending business can still grow despite the pandemic being almost over (hopefully). The pandemic has opened the eyes of many Filipinos and we Pinoys are more aware that there are many money-making opportunities out there waiting for us. The problem is, most of us don’t have the necessary fund to start a business. This is where a lending business comes in. By offering money to potential business owners, you can get a quick profit out of the money that you’ll be investing.

IMPORTANT: Based on my friend’s experience, 9 out of 10 borrowers are good payers while the other 1 won’t even pay a dime. To minimize risk, the trick here is to distribute your money evenly to 10 different borrowers. If you have 100,000 pesos, you can lend a maximum of 10,000 Pesos per client.

Blogging

In all my investments, this one is my personal favorite – not because the returns are quick but because this is one way for me to share with the world what I’ve learned. The BONUS part is, I earn from it. By blogging, you can display ads on your website and make money by sending traffic to your website. If you are interested in blogging, feel free to read our article about different ways to make money at home. You need at least 3,000 to 4,500 Pesos to start a blog. You will need to buy a web host, a domain name, and SSL. The income in blogging may vary depending on the amount of traffic that your website is getting. In my case, I earn an average of 5 USD per 1,000 website visitors.

If you still don’t know where to invest your hard-earned money, here are other ways to earn money that you can try this year. We’ve written several articles that you might be interested in. Here are some to name a few:

  1. How to be a financial advisor
  2. Non-essential items that are worth selling
  3. How to Earn from Vlogging (video blog)

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By david
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Preselling Condos Within Metro Manila Under P4M

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preselling condos

There are several ways you can own a condo. You can choose the rent-to-own path, which gives you the option to make use of the unit right away. You can also buy it outright if you don’t mind paying full price. The most financially advantageous route, however, is to buy a preselling condo unit. This means paying for a unit even before the bu ilding has finished construction. While the turnover might take a few years, it’s usually worth the wait. 

Thinking of finally investing in a preselling condo unit this 2021? Here are some options below P4M. 

Galeries Tower Manila

Galeries Tower Manila
Image from Galeries Tower Manila

Location: Manila
Developer: Grand Taipan
Estimated starting cost: P3.2M
Target turnover date: 2024

Located just beside SM Manila, this preselling condo will have 34 floors in a single tower. Its units include a studio, an executive studio, and a one-bedroom unit, which are integrated in a mixed-use space.

Amenities:

  • Study Room
  • Gym
  • Function Rooms
  • Outdoor Lounge
  • Swimming Pool
  • Playground Garden Deck

S Tower at Sync

s-tower
Image from Sync

Location: Pasig
Developer: Robinsons Land Manila
Estimated starting cost: P3.8M
Target turnover date: 2024

Along C5, Pasig, will stand a four-tower condo development 20 meters above sea level. The first tower to be constructed is the 21-storey S Tower, an L-shaped structure that has views of the Ortigas Center in the north and the Rizal mountains and the Pasig City skyline in the east. Units include a studio unit and a one-bedroom unit. 

Amenities: 

  • Fitness center
  • Game Room
  • Function Room
  • Lap Pool
  • Kiddie Pool
  • Pool Deck
  • Kids Outdoor Play Area
  • Outdoor Lounge
  • Jogging Trail

Kasara Urban Resort Residences

Kasara-Urban
Image from Kasara Urban Resort Residences

Location: Pasig
Developer: Empire East
Estimated starting cost: P3.9M
Target turnover date: 2023

If you’re looking for an oasis in the middle of the city, you might be interested in Kasara Urban Resort Residences. The huge development will have six towers and offers studio, one-bedroom, two-bedroom, and penthouse units with variations in between. 

Amenities:

  • Lake-inspired Swimming Pool
  • Kiddie Pool
  • Activity Area
  • Multipurpose Court
  • Children’s Playground
  • Clubhouse Bar with Multipurpose Hall
  • Jogging Paths
  • Water Feature
  • Daycare Center
  • Fitness Gym
  • Indoor Gameroom

Aurora Escalades

Aurora-Escalades
Image from Aurora Escalades

Location: Cubao
Developer: Robinsons Land
Estimated starting cost: P4M
Target turnover date: 2023

Just seven minutes away from Araneta Center, this preselling condo will have 22 floors and offers studio units and mixed-use space to students, young professionals, small families, and those who are interested in renting the unit out. 

Amenities:

  • Multipurpose Room
  • Network Lounge
  • Movie Den
  • Study Lounge
  • Lap Pool
  • Kiddie Pool
  • Kids’ Play Area
  • Garden Lounge
  • Sky Deck
  • Jogging Path
  • Game Room
  • Wellness Center
  • Fitness Center
  • Business Center

Not sure if you’re ready to commit to a condo? There are other ways to grow your money. Check out our wealth generation cycle manifesto here! 

PHOTO: Pexels.com

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By david
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Make 2021 a Better Year with These Financial Resolutions

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financial resolutions

If you’re like us, then you’re probably hoping that 2021 will be a better year. To make that happen, however, requires action from your end. Here are some suggestions that can help make the coming year a more fruitful one. 

Save more consistently.

If saving has become more of an afterthought than a priority, then it’s no wonder your savings account leaves little to be desired. In the coming year, be strict about your personal obligation. Instead of focusing on your goal amount, work on your ability to remain consistent. You don’t want another 12 months to go by only to be filled with regret. Not sure how to stay on track of your saving schedule? Here’s an easy way to save more on a weekly basis.

Update all insurance policies.

When was the last time you reviewed your insurance policy? Do you think that it’s still enough to cover all your loved ones’ needs? If your insurance policy earns dividends, will those better serve you invested elsewhere? It’s common for people to forget all about their life insurance policy once they’ve signed the contract, but it’s healthier to keep tabs on all aspects of your finances. This way, you can start the new year knowing that your family is well taken care of.

Diversify investments more.

You already know not to put all your eggs in one basket, but how much do you really follow this old adage? If you’re in a position to do so, consider exploring other varieties of investments. If you’re curious about Bitcoin, for example, you can read my thoughts about it here. If you want to start a small business but have never done so before, this cautionary tale might prove useful. If you want to get into the stock market, here’s a preliminary guide. 

Increase net worth.

If someone were to compute how much you’re worth, would you be happy about the number you’ll amount to? If the answer is no, then perhaps 2021 is the year to change that. Begin by calculating your current tangible net worth first. Follow this formula: Tangible Net Worth = Tangible Net Assets – Tangible Net Liabilities – Intangible Net Assets. Tangle net assets simply refer to assets that are convertible to cash. Knowing your baseline can help you create a roadmap to a higher net worth.

Pay outstanding debts.

If you have a credit card bill that has gone unpaid for quite some time, make it a point to clear it as quickly as possible. We’re not talking about monthly expenses, but debt that has been carried over from your last bill and the bill before that.

Live more simply.

2020 has proven that we can live without many luxuries. We’ve learned to let go of some of the things we didn’t really need and have seen value in making things from scratch. In the coming year, let’s continue on this trajectory. Let’s save more, spend less. 

PHOTO: Pixabay.com

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10 Business Lessons to Learn from Netflix K-Drama, Start-Up

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Lessons from Start-up

Start-Up tells the story of Seo Dal Mi (Bae Suzy) and her resolve to outperform her overachieving sister, Won In Jae (Kang Han Na). The two are separated from each other when their parents divorced. Dal-Mi chooses to stay with their father who dies right after a pitch meeting with investors. Meanwhile, In-Jae follows her mother who remarries a rich businessman.

Later in the series, Dal-Mi and In-Jae reunite as two CEOs who are competing for investors in Sandbox—a start-up incubator in South Korea’s fictional Silicon Valley. Dal-Mi joins the Samsan Tech group of founder, Nam Do-San (Nam Joo-Hyuk), along with developers Kim Yong-San (Kim Do-Wan) and Lee Chul-San (Yoo Su-Bin). Together, they struggle to make a start-up that focuses on Artificial Intelligence (AI) work. 

While a love triangle with Do San and big-time capitalist and mentor Han Ji Pyeong (Seon Ho) ensues, Dal Mi’s tale becomes a journey that goes beyond romance. Hers is a story of hard work, determination, and priceless interpersonal relationships.

Below, the lessons we’ve learned from the series, which we can all apply to starting a business, big or small:

1. You need a clear purpose and a business plan.

Know your WHY.

Episode 8 sees a conference room exchange between Dal-Mi and Ji-Pyeong why she  believes their AI app Noon-Gil focused on helping the blind will succeed even if the financials don’t make sense.

“I’m not trying to achieve something new and great here. It’s just that for some people, what’s ordinary to us isn’t ordinary at all. I want our technology to help them. Even just a little bit. Even just a tiny little bit, if we can protect their everyday lives, I think that’s enough reason to do this,” explains Dal-Mi.

Sandbox founder, Ms. Yoon supports this saying, “They’re at least clear about their why.”

Ji Pyeong counters, “But that’s about it, they don’t know what to do or how to do it.”

Ms. Yoon then states, “As long as they know why they do it, the rest will follow.”

Takeaway, knowing your purpose keeps you focused and passionate about what you’re doing. The road to success isn’t straight nor is it always paved. Oftentimes, it’s winding, steep, and full of pitfalls. Your purpose is a compass that will keep you headed in the right direction.

2. To become an effective leader, you must have the audacity to make firm decisions.

Should I keep a majority stake in the company or should I give them up? Do I let go of a valuable asset or do they bog us down? Should we invest resources in R&D or do we expand? These are tough calls a leader has to make day in and day out. Whether a right or wrong decision is made, the leader’s job is to steer the ship towards a direction.

“‘What makes a great CEO?’ There’s no such thing. That’s as absurd as asking what makes a great politician. There are no right answers to politics or management. Why look for answers that don’t exist? So, instead of looking for answers, make choices. Whatever you choose, you’ll be criticized. You can’t make any decisions if you’re afraid of criticism. And if you can’t make decisions, you can’t be a CEO. What do you want to be? A good person or a CEO? Don’t be greedy. You can’t be both. Choose one. Just one.”—Han Ji-Pyeong, Episode 6

3. Good leaders believe in their team’s hard work.

Remember when In Jae almost fires Dal-Mi for thinking her company bogs her employees down?

Later that night, she shares her sentiments to her mother, Cha A-Hyun (Song Seon Mi), and her grandmother Choi Won Deok (Kim Hae Sook). She noted that their “tiny obscure company” is no match to Do San’s first-rate skills. 

“I’m not taking anyone’s side. It’s just that if I were In Jae, I’d fire a CEO like you, too,” said Dal Mi’s grandmother. “A ‘tiny, obscure company?’ Does your company bog its employees down? Does it?”

“It’s selling corn dogs and asking your customers, ‘Why would you eat this garbage?’ If that’s what the CEO is thinking, I’m sure it’ll go great for the company,’ she adds with sarcasm.

A great leader is able to add value to their customer and to their team. Working towards the team’s success should always bring out the best in each team member. You have to believe that the hard work you and your employees are putting in results in making a difference.

4. If you didn’t work for it, you didn’t earn it.

“Dad, I learned an expensive lesson, thanks to you. If the start is easy, then it’ll be taken away easily as well, and a CEO without shares is no better than a chewed-up gum. Thank you for the invaluable lesson.” —Won In Jae, Episode 3

Success is more gratifying when you know you’ve earned it. Conversely, success handed on a silver platter is hollow and can easily be taken away.

5. Everyone has important roles to play. There are no small tasks.

Not everyone can be the CEO. But just because you’re not the CEO doesn’t mean you’re not vital to success. Although Do-San doesn’t become a successful CEO of Samson Tech, he realizes he contributes best by solving problems and not by steering the ship.

6. Team chemistry is really quite important.

Skills alone won’t bring success. We’ve all heard the saying, “Teamwork makes the dream work.” And that only happens when we find people with the right fit. San Ha may have been the most competent person in the room, but without the willingness to work alongside her teammates, the team might have been busier tiptoeing around each other than focusing on the goal. 

7. Find a mentor.

No one was born a CEO. While potential may be inherent, a mentor can hone your talent and help you realize it. While experience may be the best teacher, a mentor will help you use what you’ve learned to be more reliant, independent, and grow your business or career. The Ms. Yoons and Ji-Pyeongs aren’t just found within the confines of your organization nor must they be your immediate superior. Find someone experienced who genuinely cares for your growth and development.

8. People who criticize you could be the ones interested in your potential. 

We have friends flatter us and that makes us happy, but we all need a friend who can tell us the harsh truth.

Navigating criticisms and compliments is a skill to be mastered. As Ji-Pyeong bluntly put it in Episode 14, “You know I only say good things to companies I’m not interested in. Why bother to check and criticize the condition of a car if I’m not going to ride it.” Flowery words don’t mean someone truly cares, learning to appreciate criticisms will help you add value. Remember, that person took the time to analyze things that you could have done better.

9. Don’t be afraid to aim high.

Every team needs a moonshot, whether it’s winning a multibillion won contract bid or setting record sales. If you miss the mark, you would have at least gained more than not aiming at all. Or as Do-San put it, the lessons learned from failure will help you navigate your way the second time around. Even in today’s progressive companies, failure isn’t considered a failure if you’ve learned lessons. Sayings such as “Fail fast, learn fast” are common phrases tossed around in agile work environments.

10. Have faith in yourself. Venturing out of your comfort zone takes courage.

Throughout the series, Dal-Mi’s story is all about taking risks, leaving your comfort zone, and just taking the leap. From quitting her job to start her company, to submitting a proposal to a bid where they were most likely out-gunned. Success would never have come if she didn’t take a chance.

But the contrasting tales of Ji-Pyeong and Do-San also show fortunes and misfortunes of staying in your comfort zone. The AI Yeong-Sil truly knows everything, “You are a faint-hearted batter, afraid of being called out, you are unable to even swing the bat. But if you continue to hesitate you will lose.” By not even stepping up to the plate, Ji-Pyeong strikes out and never gets to give the present he bought for Dal-Mi. Whereas, with nothing to show for, Do-San scores the home run by wearing his heart on his sleeve and pours his everything to Dal-Mi.

100% of shots not taken are missed shots.

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By david