The Philippine economy is
expected to remain strong this year. After posting a 7.7% GDP growth in 2013,
one of the highest in the region, the ADB expects the country’s economy to grow
6.4% this year. While it’s a slower growth figure from last year, it’s still
higher than the 5.1% GDP growth that ADB expects Malaysia to accomplish this
year.
Outstanding growth
prospects for the Philippine economy is good news for businesses. The sunny
outlook for the Philippine economy could spur more entrepreneurs to expand
their business or even start new ones.
A good broadband connection
is usually not a priority for entrepreneurs who want to start a small business
since they want to focus on location and the business permits they need to
accomplish first. However, having the best Internet service for your business
is just as important to the success of your enterprise, given how a reliable
and fast connection could help your operations run more smoothly.
If you’re a small business
owner and you want to subscribe to a new broadband service, here are a few tips
to help you choose the best broadband internet plan.
Find
out your connection needs– How
many people will need to be connected to the Internet? What will they use it for?
You will need to answer these questions to find out the minimum speed that your
new connection will require.
Check
whether you can save more with a bundled service – Telecommunication companies in the
Philippines such as PLDT and Globe have broadband plans that bundles the
Internet connection with a landline phone. You can argue that a landline phone
is not necessary these days but there are still quite a lot of customers who
still prefer to get in touch with businesses by calling them through a landline
phone. Compare these plans and see if you can save more by getting a bundled
plan.
Connection
quality –
Broadband plans usually have a lock-in period. Two years is the standard
lock-in the Philippines. You do not want to be locked in with an unreliable
broadband service for that long. Read forums and ask friends and neighbours
about who their broadband plan provider is and whether they are happy with the
quality of their current broadband plan or not.
Price – Cost reduction is one
way for small businesses to maximise profits and since broadband plans are a
recurring expense, signing up for a plan that gives great value for money
should be the focus right from the start. Once you have determined your
connection needs and whether you require a landline phone or other services
bundled with your Internet plan, it would be easier to look for a broadband
plan that has what you’re looking for. Now all you need to look at the plan’s
price. Find the best broadband internet plan and compare
prices to
get the best value for your money.
Broadband internet can
connect your small business to the kind of customers you want. It can also help
make for more efficient and productive business practices and operations. With
online services such as Google Docs and Dropbox taking on the function of
software that did not previously relied on Internet connection, a good
broadband plan becomes that much more important to businesses of all sizes. We
hope these tips will be able to help you find the right broadband plan for your
business.
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This
contribution is exclusively written for Mabzicle.com by MoneyMax.ph, the
Philippines’ leading financial comparison portal which helps Filipino consumers
make the right financial decisions as they settle on the best credit card, home
loan, broadband plan, and more—fast, comprehensive, and free. Please do check
our website to learn more.
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