Do you have a winning business concept that can:
- Demonstrate that it can generate profit?
- Has a social return?
- And will protect the environment?

Then this is your chance to turn that business concept into an enterprise. Join the Philippine Business in Development (BiD) Challenge 2009 by the Philippine Business for Social Progress (PBSP).

If you are chosen as one of the qualified entries, you will be matched with business advisers who will help you develop it into a full-blown business plan.

The Bid Challenge is a business plan competition for poverty reduction. It is open to entrepreneurs, employees, returning OFWs, or any organization from Luzon, Visayas or Mindanao.

Winners of the competition will receive a start-up capital support.

Rags2Riches and EchoStore were the top winners for BiD Challenge 2008. They were sent by PBSP to compete in the International BiD competition in Amsterdam, The Netherlands, which was won by Rags2Riches, who received £20,000 cash prize. It also received offers from investors.

The business concept of Rags2Riches was to transform scrap cloth in bags designed by Rajo Laurel and Amina Aranaz. The bags were produced by women from the Payatas dumpsite in Quezon City.

Thanks to Rags2Riches, the women-weaver now earns more in bags instead of the mere P8 from the rags they used to weave.

So if you think your business concept can be as innovative and dynamic as Rags2Riches, you can now submit your entry at the www.bidnetwork.org/philippines, or log on to www.pbsp.org.ph for more information.

Deadline for submission of entries is on August 30, 2009.

I finally reached the minimum payout in MyLot which is $10! This my first real online income since I have been signing in all those affiliates and pay-to-sites I stumbled upon. Among all them, MyLot is by far the easiest and most fun doing.

You just don’t click blindly without even paying attention to what your clicking. Honestly now, have you ever read those those ads your clicking on PTC’s? And the fact that they’re just paying you $0.01 for that (some even just ($0.001) doesn’t encourage you to read really. And with that amount, it will take forever to reach the minimum payout of $10!

But with MyLot, reaching the $10 minimum payout is so easy and fun. You wouldn’t even notice it cause you will be enjoying yourself. Discussing with people half the globe away from you, on any topic under the sun. You will actually forget that you’re earning there.

I could’ve have reached the minimum payout earlier, had I not been so busy lately. But it’s really not bad, I’m just on my second month of membership and I haven’t been actively logging in lately. That is why I’m very thankful for reaching the $10 minimum. I haven’t paid yet, as the payout will on the 15th of the next month. I’m so excited, I might even blog about it when I finally receive the payout.

So let me invite you earn and have fun with at MyLot… and fun and easy way to earn money online!