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Startup Tips

Common credit mistakes new business owners make

Starting on the right foot can save you lots of time and money in the long run.

Starting a business can come with a lot of unknowns and many business owners spend their first few months learning from their mistakes. But when it comes to building business credit, starting on the right foot can save you lots of time and ...

by Thomas Donaldson  | July 09, 2016 05:00:00
News and Events

BSP expands CSFs to support more MSMEs

The central bank has announced the launch of credit surety funds (CSFs) to MSMEs. This is expected to further provide assistance to more small businesses that need financing.

Good news for micro, small and medium enterprises (MSMEs): The Banko Sentral ng Pilipinas (BSP) will give support to small businesses, by launching more of its credit surety funds (CSF) nationwide, over this year and 2015.A CSF is a credit enhancement scheme ...

by Rae Marrie L. de Mesa  | May 06, 2014 08:00:00
Startup Tips

Take control of your inventory

Whether you run a mom and pop or a big business, effective inventory management is a must.

Many entrepreneurs tend to overbuy inventory to take advantage of quantity discounts especially if the merchandise is imported abroad, or when they project their sales targets too high for a forthcoming holiday season. While this could be financially beneficial, the risk of ...

by Henry Ong  | July 30, 2013 10:00:00
Business Ideas

When to consider customer credit to boost sales

Offering credit terms to your customers can help increase sales and profits

The use of credit cards and other automated payment systems that allow the customer to conveniently make purchases on credit makes it much easier to sell your goods and services. In particular, offering payment terms such as zero percent interest for credit ...

by Henry Ong  | June 17, 2013 10:00:00
Startup Tips

How to use credit cards to simplify finances

It can go beyond payment for purchases.

Credit cards are a convenient medium of payment for purchasing goods or services. Instead of asking for cash, merchants accept credit cards as payment and the purchaser pays the credit card company at the end of a regular monthly billing period, allowing ...

by Entrepreneur Staff  | November 11, 2011 01:00:00
Business Ideas

8 ways to get paid on time

You are losing money for every delinquent payer

Getting your clients to pay on time is a challenge that a lot of entrepreneurs experience when running a business. Sometimes the check bounces, or the client is nowhere to be found, or something happens during collection listed down 8 ways ...

by Entrepreneur Staff  | October 28, 2011 02:00:00
Startup Tips

Understanding credit in 5 C\\\'s

What you need to know before you borrow money

Funding your business is one of the major concerns of entrepreneurs, especially startup ones. The most common solution is to get a loan or credit line from a lending institution.Unlike in previous years wherein getting a loan is as difficult as getting ...

by Entrepreneur Staff  | July 07, 2011 12:00:00
Business Ideas

7 ways to use your credit card as a business tool

Without having to drown in debt and interest

Stories of people getting into a debt quagmire after using (or abusing!) their credit cards abound. There are also entrepreneurs, however, who successfully use “plastic money” to bankroll their businesses. Here are tips from certified public accountant and entrepreneur Grace M. Perez ...

June 10, 2011 01:00:00