1 week ago
8
Maan D’asis Pamaran - The Philippine Star
March 3, 2025 | 12:00pm
MANILA, Philippines — The new year brings new opportunities. It is the best time to strategize how to grow your business after getting it off the ground.
Business success rarely happens overnight; steady growth requires patience and planning, good timing, and a can-do spirit of determination. If your goal is to grow your business into a household name in 2025, here are some strategies that you might want to consider.
Digitize your operations. Digital transformation does not mean having a complete overhaul immediately. You can look into your current business processes and identify which ones will benefit most from shifting from manual to digital. Some examples would be partnering with digital payment systems to make online orders more convenient, or heading to the cloud for software solutions that help in managing time-intensive tasks such as payroll, inventory tracking or customer relationship management.
Professionalize your online presence. Invest time and effort in making your business searchable and professional because it will help you build customer trust. Create an easy-to-navigate website that elevates your brand, bolstered by a social media presence that is intuitive and engaging with crisp images and catchy text. You can also run online marketing campaigns and ads to increase brand awareness.
Purchase additional machinery or a service vehicle. Your family car may not be best suited for your business needs, especially for bulk deliveries or onsite activations like bazaars. You may also need to level up your equipment by purchasing tools used by the pros because they are more durable. This will save you money in the long run because there will be no need to constantly buy replacements or parts for equipment that were not designed for heavy-duty use.
Hire additional manpower. As more orders or bookings start to come in, there will be a need to hire additional administrative or operations staff. This will free your time to focus on other tasks and give you space to make effective management decisions.
Invest in learning. Many online and in-person learning opportunities are available to help you become a more effective leader and entrepreneur. You can sign up for seminars and conferences to learn from the experts and to network with other people in the business. You can also join local and international trade fairs to showcase your products or services, learn about the latest technologies in your industry, or even diversify your offerings.
Funds for growth
This 2025, take the next steps towards your business success. This will require added capital and one of the ways to finance your goal is with a BDO Multipurpose Loan that lets you borrow up to P50 million with low interest rates. It can help you fund your business expansion plans and support your working capital needs to sustain your day-to-day business operations as you grow.
The BDO Multipurpose Loan also has flexible loan facilities that allow you to choose how to access your funds and repayment terms based on your needs. Payments are spread out into equal monthly amortization for a fixed loan term, and there is an option for a longer interest rate fixing period.
With the BDO Multipurpose Loan, you can make your assets work for you. If you own a house and lot, townhouse, condominium, vacant lot or mixed-use property, you can use any of these to borrow up to P50 million, depending on the value of your property.
To learn more about how the BDO Multipurpose Loan can help you grow your business this year, visit the BDO website or your nearest BDO branch.
Editor’s Note: This press release for BDO is not covered by Philstar.com's editorial guidelines.
