Turn the IGNITION on in the Metro

As a serial entrepreneur there are a handful of task lists one should accomplish beyond creating and developing an idea. Pursuing a business and putting it into legitimacy oftentimes prevents an entrepreneur from pursuing their passion or if not, at least, it may hinder and eat their time, resources and motivation.

If you are part of the generation of entrepreneurs; getting to know IGNITION Venture Studio would come in handy (a necessity!) and scratch those things to do on your task lists. You’ll be able to save not only time and resources, you’d be able to spend time to what matters – Your business.

IGNITION Venture Studio is the metro’s first one-stop shop for entrepreneurs.  Being the digital nomads and self-starters that we are, all you’ve got to do is to walk-in to your space,  situate yourself comfortably and do the work that needs to be done.

With the help of Ignition Venture Studio,  you won’t need to worry on the rest of the business matters. Operate and let the machinery do its magic like clockwork: the tedious back office work, accounting services to ensure your tax is handled within compliance, human resource management, and even law consultations for your contracts and corporate housekeeping.

Isn’t that great? Bid farewell to recruitment, looking for the right person for the job and worrying on how to get your paperwork be handled Day-in, day-out. As a generation who’d want to make things work as fast as we can, calculated risks are all that we need. Ignition Venture Capital can already ensure you of all necessities and help you progress.

Located in the southern section of Metro Manila, the studio is within the proximity of the busy business district Manila and is within the heart of the new lifestyle center, Taguig.

During the interview I met the core of Ignition Innovations,  they sum up the space as a fully integrated market entry platform.

Aside from the typical co-working spaces agreement entrepreneurs always look for, you’d be able to have readily available in-house consultants onboard. Not only will you be able to have all the needed equipment for your conferences and printing of documents, you’d have actual access to the following services:

 

  • Business Registration (incl. Co-Founders Agreement, a.k.a business partner’s pre-nup)
  • Government compliance
  • Corporate Housekeeping
  • Immigration
  • Real Estate Transactions
  • Intellectual Property (trademarks)
  • Accounting/Book Keeping and Tax Filings
  • Human Resource Management
  • Tax Planning

The business came about when a group of industry experts thought on combining their practices all in one hub. With the mission to empower entrepreneurs, they stand tall and would want to foster a community of like-minded innovators,  build high end connected work spaces, provide professional business support services, and bridge venture capitalists with disruptive innovators long term.

Beyond being just a one-stop shop with all in-house experts and a co-working space for your everyday business needs, events and meetings in conference rooms;  Ignition also planted a Conceirge Service wherein they could lead you to rightful reputable service providers for the kind of industry you are on and what kind of specialty service you need.  Discussions can be readily available to the following entities for more boutique and specialized services:

  • Law firms
  • Accounting firms
  • Customs Brokers
  • Banks
  • Private Investigation Agencies
  • Real Estate Brokers
  • Security Agencies
  • Events and PR Firms
  • Travel Agencies

What else would you need? There’s no other excuse but to progress.

Meet the brains behind the venture:

Screen Shot 2017-06-12 at 9.04.22 PM

Photo (L-R)  Juan Paolo Villonco, Atticus King, Tanya Llana & Kassy Pajarillo (Author)

Juan Paolo Villonco (CEO) – is counsel to leading Filipino entrepreneurs and Fund Managers on legal aspects of their business and corporate affairs. He has the distinction of being the first Filipino graduate from Stanford Law School, graduating with Honors in 2014. He is an intra-corporate litigation specialist having practiced law for seven years with the Siguion Reyna Montecillo and Ongsiako Law Firm.

Atticus King – (Director) is a serial entrepreneur and angel investor. He has successfully invested and exited several start-ups in the health and wellness, publishing, hospitality and food industry.

Mark Tiaoqui (Services Director) – carries 10 years of premium corporate law experience having worked for some of the best and largest Philippine law firms. He began his career with the corporate law department of Picazo Buyco Tan Fider & Santos and eventually joined the Project Development and Finance and Tax groups of Romulo Mabanta Buenaventura Sayoc & de los Angeles.

Margo Flores (Finance Director) – has 14 years of exceptional experience in real estate and finance.  She is an expert in financial planning and equities. She continues to play a role in the growth of one of the up and coming private real estate companies in the CBD and has experience in office development, management, leasing and rehabilitation.

 

IGNITION Venture Studio
Facebook: http://bit.ly/IGNITIONstudioventure
Email: contact@ignition.biz
Number: +63 917 654 4110

 

Start your business with a plan

By Entrepreneur Staff

 

Before undertaking your dream business, closely examine if you are up it. Here’s a guide to help you to do just that.

A would-be entrepreneur often starts with a great idea popping in his brain. He sees the idea very clearly in his mind and feels the urgency of translating the idea into reality. Depending on his passion for the concept, he could even taste the sweet success that his idea would bring.

Then it becomes apparent that he would have to put into motion a series of actions and events that would lead to this success. He could react to this realization in two ways: amuse himself thinking that all he has are mere ideas, or make a decision to act and see his idea not just in his mind, but also in reality. The former is simply a dreamer, and the latter, an entrepreneur.

“Success seems to be connected with action. Successful people keep moving. They make mistakes, but they don’t quit,” says Conrad Hilton, founder of the Hilton Hotels chain. There’s the rub: It’s not how big or small you think your idea is but what you do with it, and how you deal with yourself as you go about turning your idea into your reality.

How do you go about turning your ideas into gold? Do you go out and tell the next person you meet on the street? Do you call your best bud over the phone? Or do you take out a pen and a piece of paper and start writing the heck out of your mind about that grand design in your head? Time’s up!

First things first: Keep in mind that your ideas will turn into dust if you don’t put them into writing.  How come? For the simple reason that writing about it gives it a physical presence—letters in ink on paper. Your idea is now real because it is already taking up space.

Psychologically, this also gives you perspective. But that’s enough space we are going to give to time-space mumbo-jumbo. It’s time to tell you how to put this business idea into writing.

This exercise will give you the opportunity to focus and plan what you need to do to turn these ideas into your dream business. Having a well-written business plan will also allow you to seek and engage investors who could give you that much needed funding to jumpstart you business.

A typical business plan consists of three parts:

1. The Business—Include in this section the following information:
a. Description of the business
b. Market
c. Competition
d. Location of business
e. Management
f. Personnel

2. Financial Data—Among others, this is what you should include in this section:
a. Sources and applications of funding
b. Capital equipment list
c. Breakeven analysis
d. Income projections

3. Supporting Documents:
a. Personal résumés
b. Personal financial requirements and statements
c. Credit reports
d. Letters of reference
e. Job descriptions
f. Letters of intent
g. Copies of leases
h. Contracts
i. Legal documents
j. Other relevant documents

Hopefully, after going through this exercise and organized your thoughts, you would have enough knowledge and information about yourself and the business environment, which you can later use to come up with a complete business plan ready for scrutiny by investors, lenders and venture capitalists.

This article was originally published in the May 2010 issue of Entrepreneur Philippines.