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Startup Tips

Five Finance Tips for PH Tech Startups

This founder believes startups need to focus on an aspect of startups that is often neglected

Tech startups generally have a need to scale, and scale quickly. Develop a product, get it to market, grow the company on the back of the product and start monetizing the business. Unfortunately, as a result of this “get to market ASAP” strategy, ...

by Mickael Cardoso  | April 25, 2019 08:00:00
Run & Grow

Financial Adviser: 5 Management Lessons Every Entrepreneur Can Learn from the Founder of Punongbayan & Araullo

The accounting firm he founded is celebrating 30 years this year

It is never too late or too old to start up a business when there is desire and determination to succeed. Benjamin Punongbayan was already 50 years old when he resigned as a partner and head of audit division of SGV and Company, ...

by Henry Ong  | February 13, 2018 11:00:00
News and Events

How Washington Z. SyCip’s Accounting Firm Maintained Market Leadership

Can SGV & Co. keep its dominant position after its beloved founder’s passing?

There are not many Philippine business entities founded after the Second World War that are still around today. There are far fewer enterprises that can claim to have maintained market leadership for several decades now.Among these rare business entities is SGV & ...

by Lorenzo Kyle Subido  | October 09, 2017 06:00:00
Startup Tips

Financial Adviser: 5 Bookkeeping Mistakes All Startups Must Avoid

The bookkeeping process is critical to the success of the financial report, and the entire business

Q: I  started a business six months ago. I handle the bookkeeping tasks of the business by using an online accounting software. While I find the encoding manageable, I am not sure if I am doing the right thing since I am ...

by Henry Ong  | January 17, 2017 11:00:00
Run & Grow

Cash management tricks to save your business from risks

Keep those receipts and keep your hands off your company’s money

Pop quiz: Do you keep your personal money separate from your business? Do you keep receipts when you meet a client over a meal? Do you keep a careful record of all your numbers?If you say no to all three questions, then ...

by Mari-An C. Santos  | August 11, 2016 07:00:00
Startup Tips

Financial Adviser: The 3 common mistakes every startup business must avoid

Or make it more costly for you to start your dream venture.

Q: I have recently retired from the corporate world and was planning to start a small business. Hopefully, the income from the business can help supplement my current income from retirement.  What are the things that I need to watch out for ...

by Henry C. Ong  | June 28, 2016 08:00:00
Run & Grow

Why entrepreneurs should choose their key accounts strategically

It is important to strategically manage key accounts for improvement of sales and revenues, says an entrepreneur turned speaker.

Corporate executive-turned-entrepreneur-turned-speaker and author Emilio Macasaet III rose from the ranks as an ex-truck salesman to vice president for sales and distribution of different major companies such as IDS, MetroLab, and RFM. In this interview, he shares how to shortlist key accounts ...

by Josiah Go  | February 24, 2016 09:00:00
Startup Tips

Financial Adviser: Put internal controls in the business

Hiring people with integrity may be the first step to fighting irregularities.

Q:  I have invested in a business startup recently together with my friends from college. One of our partners is taking full time in managing the business while the rest are passive investors. While I trust my partner in running the business ...

by Henry Ong  | February 16, 2016 09:00:00
Run & Grow

4 ways to cut costs using technology

Here are some ways you can utilize technology in cutting down business expenses.

by Pratik Dholakiya  | September 26, 2015 08:00:00
Startup Tips

Eight software tools for managing small businesses

Small and startup businesses will surely benefit from automation of processes. Here is a suite of software that can serve as helpful tools for owners/managers.

It could be the hardest and most fulfilling thing you will ever end up doing in your life. Running a business is no joke and you will need all the help you can get to make sure things are working as well ...

by Joyce Roque  | January 24, 2014 10:20:00
Business Ideas

How to stop fraud in your retail biz

Before you expand, be sure that your business has solid internal controls in place. Don't allow the same employees to do receiving, classifying and pricing without proper check and balance.

Q: I run a small secondhand bookstore, and I want to have a chain with outlets in several cities, hopefully in three years' time. I let my employees receive, classify and put the price tags on the books when they arrive to ...

by Henry Ong  | September 04, 2013 02:00:00
Business Ideas

The accounting checklist

Cinch cash flow problems with correct accounting.

When you are in business for yourself, you normally would get so busy with the operational aspects of your company. Very often, in fact, some entrepreneurs tend to focus too much on marketing and promotion at the expense of finance and accounting, ...

by Henry Ong  | June 18, 2013 10:00:00
Business Ideas

Understanding financial statements

This is the instrument panel of your business that reports on managerial success or failure, and that flashes warning signals of impending difficulties.

You may not be interested in the technicalities of record keeping or the procedures for preparing financial statements, but you should at least understand and know how to use them if you are running your own business.[related|post]Financial statements are the instrument panel ...

by Bay Cabrera  | June 07, 2013 10:00:00