SEARCH FOR THE TOP TALENTS
Every employee is well-chosen from a shortlist of qualified and well-experienced applicants. These applicants have proven track records in their chosen field even before they decide to apply in our company. We still let them undergo our selection process because only Top 1% of shortlisted applicants can be given the pass to work with our iPhiTech team.
We take pride in selecting employees who will become the next generation of leaders.
As a result, we are able to attract top talent and retain them.
MILESTONE 1:
CAREER JOURNEY BEGINS AT IPHITECH
GETTING STARTED
GEARING THEM UP
KEEPING THEM DRIVEN AND ENGAGED
As part of our advocacy of maintaining collaborative workspace and work-life balance, we have Employee Engagement Ambassadors who have infused fun into the workplace by conducting various engagement activities (e.g group dynamics, games, ice-breakers, happy hour, et.c.) which are fun-filled and will help them bring out their leadership potentials while participating to those activities. At the end of each activity, they have come into a quick discussion of what values did they learn after they participated the team activity.
PERFORMANCE MANAGEMENT
Each week, we do a performance evaluation to ensure their work is on track and they’re meeting the weekly goals for their assigned projects. The two parts of our weekly performance monitoring include Technical Evaluation as well as Behavioral Assessment where managers look into the various factors pertaining to how employees interact within teams.
Using the 5-point rating scale, all employees are expected to get at least a rating of 3.0 which is described that their performance is “Within Expectations”.
CAREER ADVANCEMENT
iPhiTech is very keen to monitor the performance of its employees. When employees have shown consistent and exemplary performance, the Management will put them in the iPhiTech Accelerated Career Advancement Program (iACAP) where a series of high-level and specialized training is given to them to improve their technical prowess further and hone their leadership.
We believe that it is more important to nurture talents from within our team. Hence, we leverage the growth of our leadership team through internal promotions as they have been properly groomed and calibrated the way iPhiTech works.
MILESTONE 2:
THE STEVE & MARK PROGRAM
iPhiTech is a web design and software development company that also offers digital solutions. We are passionate about making our international clients successful and believe that technology can help them achieve their goals.
EXECUTIVE TRAINING
These high-performing managers are being incubated to become profitable CEOs through our Steve & Mark Program. They will be trained for running their remote teams and calibrated in how they lead people at all levels of an organization, from the bottom up as well as across different departments or business lines.
In order to ensure that they are equipped with the necessary business acuity, our experts will give them executive training in these areas:
- Corporate and Business Strategy
- Foundations of Teamwork and Leadership
- Marketing Management
- Sales Management
- Strategic Accounts Management
- Statistics: Regression Analysis for Managers
- Advanced Microeconomics for Managers
- Research and Development
- Management Communication: Speaking and Writing
- Operations, Information, and Decisions
- Financial and Managerial Accounting
- Corporate Finance
- Legal Studies & Business Ethics
- Managing Information Systems in Organizations
- Human Resources Management
IMMERSIVE CORPORATE EXPERIENCE
Alongside the executive training, our managers must build their remote teams and close project deals which will be given to their members to work on.
This is where they will immerse themselves in running their teams, fulfilling their client’s deliverables, maintaining team members, and looking into their overhead costs while staying profitable. This immersive experience and training will last for 1 to 2 years.
MILESTONE 3:
STEVE & MARK GRADUATES: RUNNING THEIR ‘OWN TEAMS’
BUSINESS PROPOSAL
Steve & Mark Program graduates will prepare a business proposal on the type of business that they would like to establish. This is where their ‘dream business” may come in. iPhiTech will carefully review and assess the viability and feasibility of the said business to ensure its success and profitability.
These are some of the key elements that we look into in the business proposal of our Steve & Mark Program graduates.
Office Arrangements
A. Key Locations
We are strategically selecting the regions in the Philippines where we will place the offices for the teams of our Steve & Mark Program graduates.
B. Renting a Space
To streamline the initial overhead costs of putting the first office iPhiTech, together with Steve & Mark Program graduates, agree to rent out an office space instead of acquiring a property for the first 5 to 10 years of their businesses.
C. Look and Feel
We love extraordinary offices. We scout for the most beautiful houses with great amenities. Then, we carefully convert them into our offices. We would like our team members to work and stay in the offices with a “homey” vibe. This creates more conducive and modern approach to the normal workplace setup.
D. Maximum Members per Office
To optimize the overall experience of our members, we will only place a maximum of 10 to 20 members in every office. Every member is given a set of projects which are sustainably profitable. This way we can maximize our earnings for every penny spent.
E. Quality Assurance Audit
We have carefully trained our Leadership Team to perform quality management audit to carefully appraise each office and how employees working inside the office. Our team will also leverage in getting a quality assurance auditing firm per region to boost and maintain high-performing teams.
Free Accommodation for Stay-in Members
Partnerships
We are eyeing to build partnerships and collaborations with government agencies, private organizations, financial and academic institution that can extend help and expertise in growing the businesses of our Steve & Mark Program graduates to the next level.
Our managers are being sent to reputable universities to pursue post-graduate studies in Ivy Leagues schools in the country which may last for 1 to 2 years. This is as part of preparing them for high-level thinking and corporate governance.
BUSINESS REGISTRATION
iPhiTech will fund the approved business proposal of the Steve & Mark Program graduates and help them with all the required documentation and pay for all the overhead expenses so the business will be successfully registered as a corporation under their names.
With this type of business registration, there must be at least 3 to 5 incorporators whose names will be duly used for the registration of the approved business of the Steve & Mark Program graduates.
In the roster of incorporators, iPhiTech must be duly represented by 1 or 2 incorporators whose names will be duly part of the business registration.
|
Years of Operations
|
iPhiTech Shares
|
Steve & Mark Program Graduates and Other Incorporators
|
|---|---|---|
|
1 to 3 years
|
70%
|
30%
|
|
4 to 6 years
|
65%
|
35%
|
|
6 to 10 years
|
60%
|
40%
|
|
10 years onwards
|
30%
|
70%
|
On the other hand, iPhiTech remains the 30% shareholder of the said business starting Year 10 and beyond. This entitles iPhiTech to receive passive earnings from each business that was established through Steve & Mark Program for perpetuity as long as the business runs.
With our intricately designed and well-drafted agreement with Steve & Mark Program graduates, iPhiTech ensures that our best interests are protected and remain profitable.
LIMITATIONS OF SUPPORT
iPhiTech is expected to provide financial support to boost the newly launched business of the Steve & Mark Program graduates. Depending on the current budget of the company, this financial support to be given to them will strictly follow this structure:
|
Years of Operations
|
Level of Financial Support
|
|---|---|
|
0 to 1 year
|
100%
|
|
2 to 3 years
|
50%
|
|
4 to 10 years
|
0%
|
With this given structure, iPhiTech strongly expects that the newly launched business of the Steve & Mark Program graduate will start to be running profitably and independently in its 4th year and beyond.
Hence, the financial support is only extended to the newly launched business in its first 3 years of operations.
|
Years of Operations
|
Executive Business Training
|
|---|---|
|
0 to 3 year
|
Provided
|
|
4 to 10 years
|
None
|
STEVE & MARK PROGAM GRADUATE’S ACCOUNTABILITIES
The Steve & Mark Program graduate shall run the business with due diligence in terms of decisions. All concerns shall be raised to the iPhiTech Management for possible consultation. Final decision however is given to the major shareholder of the business.
The Participant shall submit the following monthly financial projections and reports to iPhiTech IT and Digital Solutions Corporation to foster transparency and integrity that would strengthen the business partnership of 2 companies:
1. Projected Monthly Gross Revenue
2. Projected Monthly Disbursements
3. Projected Monthly Net Income Before Tax
4. Projected Monthly Net Income After Tax (or Net Loss)
The Participant shall submit the following actual monthly (and annual) financial reports to iPhiTech IT and Digital Solutions Corporation to foster transparency and integrity that would strengthen the business partnership of 2 companies:
1. Actual Monthly Gross Revenue
2. Actual Monthly Disbursements
3. Actual Monthly Net Income Before Tax
4. Projected Monthly Net Income Before Tax
5. Projected Monthly Net Income After Tax (or Net Loss)
6. Annual Financial Statement
Our Brands
FREQUENTLY ASKED QUESTIONS
As the “only” company that hires and maintains top talents from private and state universities where 98% of employees have graduated with Latin honors, we are beating the competition with talents, skills and high ticket trainings we provide within our main offices.
We primarily focus on creating long-term relationships with our clients and employees. Through our Steve & Mark Program, an internal business incubation program, we become true to this commitment.
Our employees are trained to be entrepreneurs of their ‘dream business’ when they reach 3 to 5 years of tenure with iPhiTech. We register their business under their names.
With this business mindset, iPhiTech becomes the incubation company of different CEOs who are in the field of Information Technology and Computer Science.
We understand that every business is different, and we take the time to learn about client’s unique needs in order to create a custom website that meets their specific requirements.
We also offer a wide range of services, from web design to SEO, so that our clients can get everything they need from one source.
Plus, we’re always up-to-date on the latest trends and technologies in web & software development where we focused on WordPress and Shopify, so you can rest assured that the website or software will be built using the latest technologies and best practices.
A huge percentage of our clients are from various job platforms and social media where we send applications and close the deal per project or with 1-2 years contract.
Now, we are trying to grow the sales and marketing team to create agencies and sub agencies, making us as the largest remote/virtual assistant company that offers Information Technology Skills in the country.
Employers hiring virtual assistants is a BIG problem because it takes jobs away from people who live in the same country as the employers. It also creates a situation where people with the same skills set end up competing against each other for work, which eventually drives down wages.
At least 24 out of 35 employers (69%) we’ve asked, said that the problem of employers hiring virtual assistants: web developers, is that it often leads to a decline in the quality of work. When an employee is working remotely, they are less likely to be supervised closely, which can lead to sloppy work and missed deadlines. Additionally, many employers hire virtual assistants without checking their references or conducting a background check, which can lead to security risks.
In addition, many of these virtual assistant jobs are low-paying, and they often require long hours with no benefits. This can be a difficult job to sustain if you are trying to support a family or if you have other commitments.
There is a lucrative market.
There is a huge demand for information technology graduates in the job market. In fact, a recent study found that by 2022, there will be 1.5 million unfilled information technology jobs in the United States alone. Our primary market is in the US.
This means that if you’re investing in an IT company, you can grow your investment with iPhiTech. So don’t worry–there’s definitely a lucrative market for information technology business in 2022 and beyond!
Yes, we have and I found that being funded by Angel investors has several advantages over loaning from banks or other loan institutions.
First, angel investors are usually more willing to take risks than traditional lenders, which means they’re more likely to fund a business with a solid plan but some risk attached.
Second, they’re also more likely to be hands-on and provide help and guidance beyond just the financial backing.
Finally, the process of securing funding from Angel investors is typically much faster than getting a loan from a bank or other lending institution.
Investing is a very important role that you play in the health and wealth of your investments. By being an observant investor, not only can we protect our financial interests but also keep markets honest so they work for everyone!
Investors are vital to a healthy and functioning investment. They provide the capital that enables companies, both successful ones with growing revenue streams as well those struggling financially or about-to go bankrupt in order maintain operations until their next earnings report time comes around again where investors can make informed decisions based on what they know thus far from previous analysis trends alone but also taking into account any new information released between then & now which may affect future expectations
By being watchful and informed, you can help to ensure that the market remains fair and efficient. This, in turn, benefits all investors by helping to create stability and long-term prosperity.
iPhiTech has a primary revenue stream which is profitable and sustainable. We need to raise investments for our Steve & Mark Program which will be our second revenue stream. For more details on how we can turn this into profitable passive income stream for the next 10 years and beyond, refer to: How do you plan to use the raised capital?
We are using different avenues where we scout for best talents in the Philippines:
- iPhiTech Online Internship Program
- We consider Top 10 high-performing interns
- We provide them with very structured hands-on training program.
- Partner schools: 30+ universities and colleges (both private & state-owned)
- University Virtual Career Fairs
- We accept virtual Career Fair invitations from 30+ partner schools
- PSITE-initiated Job Fair
- We are one of the Industry Partners of Philippine Society of IT Educators (PSITE)
- Central Luzon chapter
- National Level
- We are one of the Industry Partners of Philippine Society of IT Educators (PSITE)
- iPhiTech-hosted Events for PSITE – for being a ‘thought-leader’ in the industry
- Hackathon / Programming Challenge – annual event
- IT Marketing Plan Competition – annual event
- Referrals from our High-Performing Employees Only
- Organic Social Media Efforts
- We attract experienced talents through our social media posts
- Running Facebook Ads
- We run paid and targeted Facebook ads on high-priority provinces and cities where experienced talents are available
Employee Benefits
Primarily, we invest in our people and we deemed ourselves a “People First” company.
We provide all government-mandated benefits:
- Social Security Services
- PhilHealth
- PagIBIG
- Sick Leave credits
- Service Incentive Leave (SIL) credits
- Overtime Pay
- Night Differential Pay
- Holiday Pay
- 13th Month Pay / Christmas Bonus
We also provide other company-initiated benefits to our employees such as:
- Free Accommodation
- All-day meals for everyone
- Breakfast
- Lunch
- Snacks
- Dinner
- Free Utilities
- Electricity
- Water
- Internet
- Rent
- Gym membership
- Medical Fund
Gearing Them Up
We also provide rigorous skills-based training and personalized guidance in order for them overcome any fears or self-doubt they may have had before taking up new tasks, which has resulted into better versions of themselves being created! This way they become disciplined and committed employees.
Keeping Them Driven and Engaged
As part of our advocacy of maintaining collaborative workspace and work-life balance, we have Employee Engagement Ambassadors who have infused fun into the workplace by conducting various engagement activities (e.g group dynamics, games, ice-breakers, happy hour, et.c.) which are fun-filled and will help them bring out their leadership potentials while participating to those activities. At the end of each activity, they have come into a quick discussion of what values did they learn after they participated the team activity.
Performance Management
Each week, we do a performance evaluation to make sure that their work is on track and they’re meeting the weekly goals for their assigned projects. It is part of our strict policy that employees who do not pass the 3.0 minimum rating for two consecutive times will be put in the Performance Improvement Plan (PIP).
Career Advancement
iPhiTech is very keen to monitoring the performance of their employees. We believe the it is more important to nurture talents from within our team. Hence, we leverage the growth of our leadership team through internal promotions as they have been properly groomed and calibrated the way iPhiTech works.
We don’t cut corners and we put our clients first. We have a proven track record of success and we stand strong behind our work.
When it comes to our projects, you don’t want to skimp on quality. Go with the team that’s going to deliver on their promises and give you what you can be proud of. iPhiTech keeps its commitment to our clients.
Thus, we will also keep our commitment to YOU, our investor. Together, we will prosper.
Problem 1: Decongestion of the BIG cities
A lot of graduates from various universities in the provinces are struggling to find jobs in the metro, or else they will work hard despite the congestion in the big cities. Through our Steve & Mark Program where we offer totally FREE food and accommodation to all employees. This may lessen the burden of employees and just concentrate further at work.
Our goal is to help empower people and create their own team in the areas where they are comfortable to work but where there is stable supply of electricity, and internet. The plan is continue producing “Steve & Mark” graduates, which is our banner program for employees.
Where we can get AirBNB houses for rent and in-house only 5-10 employees there. Per areas of a “region or province”, we are looking at 4 offices per municipalities.
Let’s specifically cite one example in Central Luzon, particularly in Pampanga where we already have 7 graduates of Steve and Mark Program.
We hire/recruit employees for each graduate and while they are on their residency with us as employees, they get to know their members until such time that they are full ready and stand on their own.
Problem 2: Most Employers Distrust Virtual Assistant (VA) Agencies
The problem that we see from employers hiring virtual assistant agencies is TRUST. A lot employers getting VAs have nightmares that they just leave their jobs right away. Usually employers would hire on a basis of interviews and exams, however, they lack the confidence of keeping the VAs because along the way, there can be lack of skills.
As a proud member of PSITE (The Philippine Society of I.T. Educators) National Level, iPhiTech is very keen in getting resources and make sure that we mold these employees as better corporate leaders. To add in here, a lot of people wants to work remotely, but only few maintains the discipline.
With iPhiTech, we make sure that we train the employees well enough and bring out the best in them during their stay and once they are ready in 3 to 5 years they can get sufficient skills in all areas of the business from technical, human resources, people management, accounting, etc.
Through Steve & Mark Program, we prepare our employees to become the competent CEOs of their ‘dream business’.
A Bigger Solution for a Big Problem
The solution can be as big as employers need it to be. Our virtual assistants particularly in our expertise of web and software engineering, it can help with a wide range of tasks, primarily from web design & software programming to answering meetings, handling customer service inquiries, search engine optimization, social media management, and more.
There are many advantages to working with virtual assistants that have been trained in-house and where they can get premium trainings of different sorts. They’re generally more affordable than large scale on-site staff, we can do 24/7 coverage, and can be tailored to meet the specific needs of the team and employer. Plus, the advances in technology, communication is easier than ever and there’s no need for employers to sacrifice quality or efficiency.
Certainly, yes!
There are a few things that need to happen in order for there to be a large scale impact in the IT sector through:
- in-housing virtual assistants and
- giving them proper guidance and trainings.
Also, businesses and governments must:
(1) recognize the importance of cybersecurity and
(2) make it a top priority.
(3) invest in the proper tools and resources to protect their network
(4) employees must be properly trained on how to identify and proactively respond to various tasks that are being delegated to them by their employers.
The impact of “virtual work” in the information technology will vary depending on the specific industry or sector. However, in order to have a large-scale impact in the IT sector, it is important to have a clear understanding of the needs of your target audience and develop innovative solutions that address these needs.
It’s also essential to have a strong marketing and communications strategy in place, so that your target audience is aware of your solution and its benefits. And finally, it’s important to partner with like-minded companies and individuals who share our values and who can help us achieve our goals. Invest with us, prosper with us.
The business plan will not be a time-bomb. It’s important to make sure that there is an ongoing market for this type of investment, so we’re only looking at raising 10 – 20 million total investments from prospect investors in order get started on the funding process and decide later what amount would best fit our needs if any more money comes along during its lifetime.
We are currently seeking an investment to fund the next phase of our company’s growth. In return, investors will receive a monthly interest earnings from the invested capital.
Target Capital to Raise: Php 10,000,000.00
Minimum Investment: Php 250,000.00 or $4,500 USD
Monthly Interest*: 2.5% per month
Duration: 1 to 2 years
Distribution of interest earnings is on either quarterly or yearly basis.
With this monthly interest rate, you can double your money in 2 years.
We are also offering free accommodation to anyone who is interested in investing in our company. Our Clark City location is ideally situated for anyone who wants to be close to the action. We believe that this is an ideal opportunity for anyone who is looking to invest in a fast-growing company with huge potential.
*Computed based on the invested capital. Compounding interest is not applicable.
We’ve been growing for the past few years, and now that we’re at an optimal number of employees to accommodate new projects coming in as well with Steve & Mark program employees, graduating from their training programs. Through the Steve and Mark program, iPhiTech gets a huge percentage from it.
Now our overhead costs will no longer be spent on new equipment but rather upgrade of equipment. Also, funds can go towards nourishing current members through training making us more attractive to clients and shall double or even tripple our value.
Our overhead costs are now stabilized and one key strategy to increase revenue will be done by growing our customer base, increasing the average sale amount, and our new ways to monetize our services. We will also sell to clients our e-Books and courses that are published in DigitalHenyo which we own. We are also planning to increase the number of clients that each software and web engineer is handling (from 1 to 3 maximum clients).
We are also into reducing expenses. This will be done by lowering production costs, streamlining operations, and looking for new suppliers and service providers such as where we get our food supplies since we’ve only been buying supplies directly from malls. We also used to buy a lot of things for our website technology, employee birthdays, company events and many unnecessary expenses. We’ve learned a lot in the past 5 years of operating, and now we’ve so much expenses to cut, while making sure that we maintain our value and employees.
By implementing these strategies, our business can see a significant increase in net income this year and in the coming years.
Selecting participants for the Steve & Mark Program is an integrity-driven decision. The integrity of our employees are monitored, strengthened and tested more frequently even before they reach 3 to 5 years of tenure in the company.
iPhiTech continues to test their integrity even after the Steve & Mark Program by putting strict terms in their Steve & Mark Program contracts which they need to bind themselves with. Otherwise, their long wait for this lucrative opportunity is compromised and they will face legal case against them.
- Refer to our answer to this question: Where do you plan to use the raised capital?
- Read through our ‘What’s the Catch?” page.
