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Startup Tips

Financial Adviser: 7 budget planning tips every startup should know

Create (and follow!) your budget to generate profits

 Question: Our startup only began operating this year. As the year end is fast approaching, we thought that it will be a good idea to start reviewing our operations and plan our budget for next year. Do you have any advice on ...

by Henry Ong  | October 03, 2016 06:00:00
Startup Tips

How much to pay yourself?

Should a business owner take a salary when his business has just started? Of course, says our financial expert

Q: How should a business owner compute the monthly compensation that he will set aside for himself from the earnings of his business, especially if the business is still in the startup phase?A: A business is considered a separate entity from the ...

by Henry Ong  | July 12, 2013 10:00:00
Startup Tips

10 ways to save money

The key to saving your hard-earned dough isn’t about putting a complete stop to all your purchases. Look for covert cash leaks, plug them up, and get ready to save more than 25K this year. Seriously. [related|post]If you want to have more ...

by Peter Imbong  | February 24, 2012 05:00:00
Startup Tips

Begin a business on a budget (Part 1)

No matter how much capital you have, there’s a business to be had. Is one hundred thousand pesos enough to start a car-wash business? Yes. Is P200,000 good for your own clothing and accessories shop? Check. How about a bakery for 250 ...

January 27, 2012 09:00:00
Startup Tips

How can a startup entrepreneur can defray the 13th month pay

But you still have to give it.

Q: I just started an Internet café in the university belt area in Manila, and I have a staff of four. I have yet to earn profits from the business. What are my alternatives to paying 13th month pay?A: Putting up a ...

December 14, 2011 01:00:00