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Run & Grow

5 things to consider before lending money to friends and family

If you feel you must extend credit to a family member or friend, follow these rules.

When a friend or family member asks to borrow money, think about why they're asking you and not someone else. They may see lots of money coming into your business, payroll being met, maybe your nice house and car. What they don't ...

by J.D. Roth  | September 10, 2015 12:00:00
Startup Tips

The ins and outs of a microlending business

A lending business can be set up as a single proprietorship, partnership, or corporation. However, you can't use the word "lending" or "finance" in your business name if you choose to set up your lending business as a single proprietorship or partnership.

"The lending industry thrives better in times of financial crunch," according to  Edgardo Tipa, a financial trainer with BusinessCoach Inc.  who has been conducting seminars for four years now.To cope with the crisis, people try to stretch their budget and augment their ...

by Entrepreneur Staff  | September 03, 2013 01:00:00
Run & Grow

5 ways to keep the cash flowing

Earning money is part of the business cycle.

Your business is now up and running. Now what? Cash flow should be established as soon as possible, "flow" being the operative word, says finance professor Ric Palo of the Ateneo Graduate School of Business and San Beda College.There are several ways ...

by Khris Marc Ronquillo  | July 25, 2013 01:00:00
Startup Tips

6 ways to avoid the overspending trap

To keep your business from falling into the overspending trap, follow these 6 useful tips on cutting down on expenses and minimizing cash outflow.

Putting up a new business can be so demanding and stressful that even rational people can sometimes fall into the overspending trap.[related|post]In your enthusiasm to make your business succeed, you yourself may fall into this trap and face the following undesirable situations:[previous|page|next] There ...

by Henry Ong  | March 27, 2013 10:00:00
Business Ideas

A new, hip way to pay

The BPI Mobile Wallet offers clients a new means to make over-the-counter purchases easier.

Bank of the Philippine Islands (BPI) launched its newest innovation, the BPI Mobile Wallet, which offers its clients a new means to make over-the-counter purchases more fun, convenient and easy.“BPI takes pride in being a leader in mobile phone banking in the ...

November 23, 2012 05:00:00
Business Ideas

Filipino kids and their money habits

A survey found that Filipino children save for the latest gadget or trendy outfit.

Thanks largely to their parents, Filipino children are generally not clueless about budgeting. They tend to obey what their parents tell them to do. But for Filipino children, saving is a means to buy a want- like gardgets, accessories and clothes- rather ...

by Entrepreneur Staff  | November 12, 2012 01:00:00
Business Ideas

Pinoy consumers are one of the most optimistic in the world

Perceptions of Filipinos on whether it is good or bad time to buy things over the next 12 months, showed a slight improvement in confidence.

Nielsen’s latest Consumer Confidence Index reveals that Philippines still has the third highest positive sentiment among respondents from 58 countries worldwide this third quarter of 2012. Just like last quarter, the Philippines was in third place following Indonesia and India.In this recent ...

by Entrepreneur Staff  | October 30, 2012 01:00:00
Business Ideas

An all-in-one financing facility for entrepreneurs

Now an easy way to get extended credit.

BPI Family Savings Bank, through the Ka-Negosyo Loan program, introduces its newest financing facility that provides the easiest ways for entrepreneurs to access their credit line. The “Ka-Negosyo Credit Line” is a multi-purpose and multi-access stand-by loan facility that provides flexibility to ...

by Tania Bautista  | October 01, 2012 07:00:00
Business Ideas

Time to invest

Here are tips on how to make your money work for you.

There’s a lot to be said about Jose Mari Lim, 55, but being a bad investor isn’t one of them. Having experienced running companies as a member of top management (among them Asea Brown Boveri and PhilCotton Corp.), this business consultant, farm ...

by Tania Bautista  | August 24, 2012 02:00:00
Business Ideas

5 ways to improve your chances of getting that loan

5 ways

Entrepreneurs need start-up capital to register their business, set up shop and begin operations. Oftentimes, this capital is sourced from personal savings, credit cards, and loans from family and friends. But if additional money is needed and your sources have already run ...

by Jet Ramos-Cruz  | May 11, 2012 01:00:00
Finance

Want a high return on your investment?

Developing a strategic profit model and making it your financial strategy will help you monitor and assess performance.

Many business owners think that profit is the most important measure of financial performance, but this isn’t necessarily the case because profit is relative to the amount of money invested in a business. For example, a P100,000 net profit may not really ...

by Want A High Return On Your Investment? Develop A Profit Strategy  | May 09, 2012 08:00:00
Business Ideas

A look at Filipino money habits

The Bangko Sentral ng Pilipinas released results of the first Consumer Finance Survey (CFS) in the country.

There is a saying that goes, "a penny saved is a penny earned."  Knowing how to save and handle your money is a life skill often overlooked in schools. The Bangko Sentral ng Pilipinas released results of the first Consumer Finance Survey ...

by Joyce Roque  | April 19, 2012 11:00:00
Startup Tips

Stopping fraud in its tracks

Instituting internal controls will protect your business from fraud and theft.

A starting entrepreneur normally operates the business by himself, with perhaps some relatives helping out. But as the company grows, he slowly realizes the need to hire outsiders.When this happens, he has to divide responsibilities between himself and his employees, delegating tasks ...

by Henry Ong  | March 28, 2012 01:00:00
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