Tag Archives: business

Starting to Work On Your Success

November 17, 2015SaveArmand bengco, business, financial literacy, financial times, financial wellness, Francisco colayco, goals, invest, investing, mutual funds, pera palaguin, pisobilities, save, savings, successadmin

And here is how we want to help you get it! Follow the coming articles that will help those who want a refresher course…

Goal Setting Part 1

It has been more than eleven years since I started teaching how to care for your personal financial matters. From the many feedback I have received from readers, it is very clear that so many ordinary earning Filipinos do not know how to save and grow their money. The questions I receive are varied and detailed but the most frequent can be summarized into three:

1) How can I save?

2) How can I get into a business?

3) How do I invest in mutual funds?

Before even asking these questions, each person should first set their goals. The New Year is only about 45 days away, it is an opportune time to devote time on GOAL SETTING.

I always remind people that you cannot go anywhere if you do not first establish where you are and where you want to go. My favorite example is when you go to a Mall for the first time and you want to go to a particular store without wasting time because you are in a hurry. You can ask people around you but sometimes, they do not know or worse, they give you the wrong information. The best method is to look at the map in the mall and locate your store and how to go there.

This is the same routine you should follow when you want to save, get into business, or invest your money. When people realize they should save and grow their money, they are suddenly in a hurry to do it without any planning. They start asking around from people they know. Unfortunately, most of the time, they ask people who also do not know how but are so eager to pretend they know. They start getting wrong advice and end up losing money without even knowing how and why.

This need not happen if they followed the rule of GOAL SETTING. The first step is to establish a plan, which is your “map” or your financial goal. Note that most legitimate investments are sound investment instruments. They are all good investments. However, what is important is to be able to tell which one is suitable or best applicable to your needs. It is impossible to be able to discern which is the best for your personal situation unless you have your own financial plan based on your own specific timetable. We will talk more about goal setting in the next articles.

For added information, visit www.colaycofinancialeducation.com www.franciscocolayco.com and www.youtube.com/colaycofoundation at www.kskcoop.com. Tumawag sa 637 3741 o 637 3731 o 0917 863 2131. Our next seminar is on Nov. 28. Join it. Based on experience, we learn more when we have immediate feedback on our questions.

Listen to Pera Mo, Palaguin Mo every Monday on DZXL 558AM from 11am to 12 noon. You can also watch us on Pisobilities Reality every Tuesday, 8:30 pm, on Light Network Channel 33 and every Saturday on GMA News TV 11, 6am.

Pisobilities @ the Business Portal: Social Entrepreneurship

August 13, 2014Plan, ShareArmand bengco, becoming an entrepreneur, business, business ideas, business philippines, business portal, business trends, Cash loans philippines, easy money, Francisco colayco, gnn, great business ideas, grow money, gusto kong yumaman, how to be an entrepreneur, Investments philippines, Make money philippines, Paano kumita ng pera, paano kumita sa negosyo, paano magnegosyo, pagnenegosyo, patok na negosyo, small business, social entrepreneurship, success in businessadmin

Interested to get into social entrepreneurship? Catch this episode from Pisobilities @ the Business Portal on what it takes to be a social entrepreneur!

Want to watch more quality videos? Visit www.pisobilities.tv today!

Financial Fitness Quiz

August 4, 2014Plan, Shareactive income, ardy roberto, are you ready to invest, are you ready to retire, Armand bengco, bo sanchez, business, can you invest, cfe, colayco foundation, colayco foundation for education, easy money, efren cruz, entrepreneurship, financial fitness quiz, financial freedom, financial health, financial planning, financially unhealthy, fjc, francis kong, Francisco colayco, francisco j colayco, gusto kong yumaman, handa ka bang mag-invest, how financially fit are you, how to be rich, income source, investing, investments, magaling ka ba sa pera, making your money work, money, palaguin mo, passive income, patok na business, patok na negosyo, pera, pera mo, philippine investments, pisobilities, plan your future, randell tiongson, registered financial planner, rfp, savingsadmin

Are you the “Boss” of your money? Or do you tend to slip when it comes to personal finances?

In case your boss decides to fire you, will you be rattling on how to find another source of income? Or have you prepared for it just in case?

Are you working hard for your money? Or is your money working HARDER for you?

Discover your financial health today! Take the Colayco Foundation’s Financial Fitness Quiz to find out. Click the picture below to start taking the quiz!

Simplified Analysis of Your Business Break Even

July 23, 2014Plan, Spendanalyzing a business, ardy roberto, Armand bengco, becoming an entrepreneur, big businesses, bo sanchez, bread-even, business, business analysis, chinkee tan, cost of sales, definition of break-even, determining break-even price, entering a business, entrepreneurship, financial independence, fixed costs, francis kong, francisco j colayco, good news pilipinas, how to get into business, john calub, money magnet, murang negosyo, negosyo, negosyong puwedeng pasukin, paano magbenta, paano magkaroon ng negosyo, pagsusuri ng negosyo, pasok sa negosyo, patok na investment, patok na negosyo, pisobilities, profit and loss statement, profitable business, registered financial planner, rfp, selling, sikat na negosyo, smart business, variable expense, wealth of adviceadmin

by: Francisco J. Colayco

It may be that readers may be less interested in the analysis of a business. However, I’d like to address those who might want to learn for a business they now have or for their planning of a future business.

Break-even in business means how much you need to sell (i.e., how many units of products you need to sell at a given unit price) so that you will be able to sustain your business. Break-even does not mean you are losing money but it also does not mean that you are making money. If your sales are below your break-even, you will be incurring losses and if it is higher, your will be making money.

For big businesses, there will be finance people who can do all the required analysis. However, for a small business, the owner will have to do the analysis himself and it may not be so easy for those who do not really have experience. I will try to help you to compute break-even. You do not have to think in a complicated way. You can just use the simplest forms possible.

1. You need a “Profit and Loss Statement” or P&L of your Business preferably per month. This means you have to calculate your Sales, the Cost of Sales and Expenses for every month.

2. The “Cost of Sales” or CS is what you spend to make the product that you sell. If you are just trading or in “buy and sell” like sari-sari stores, your CS is the amount that you pay for the products you sell.

3. For your Expenses, you need to separate into Fixed and Variable expenses. The variable expenses are those that are directly related to the product when you make a sale. For those in trading, your variable expenses are your CS and maybe commissions you may pay depending on how much you sell. If you are a service business, you may not even have variable expense.

4. Fixed Costs are expenses you will spend whether you sell anything or not. Examples are rent, utilities, telephone, salaries and benefits. Notice that these are expenses that do not change much when there are small changes in sales. You will spend these amounts whether you sell or not. Of course, if your sales increase very much, you will probably have to add people and spend more fixed costs. But let’s just assume that these are fixed costs for our break-even analysis.

5. The basis for determining your break-even sales is your sales price per unit of your product (e.g. per kg, or per piece or per hour, etc, etc).

Want to read more? Click here for the rest of the article!

“Nang Magising si Juan” Episode 10 Sneak Peek

July 19, 2014Newsariel villasanta, business, entrepreneurship, financial freedom, financial independence, fjc, Francisco colayco, gma news tv, how to be rich in business, how to succeed in business, nang magising si juan, negosyo, paano magtagumpay sa negosyo, patok na business, patok na negosyo, profitable business, small business, the misadventures of ariel and maverickadmin

Last Sunday, Ariel returned to LandBank to open his Unit Investment Trust Fund (UITF) account assisted by Ms. Vangie Illustrisimo, Trust Sales and Marketing Officer. Armand Bengco, our Executive Director at Colayco Foundation also gave him some advice on how to deal with his personal debt. With a minimum of Php10k, Ariel was able to buy shares in a UITF.

Again, there are different types of UITF depending on your ability to take risks. UITF have no guarantees but it is unlikely that you will lose your investment if you keep it over the long term. The market price of UITF shares goes up and down. Your gains or losses on your investment will only happen when you sell your shares. You have to sell at a price higher than your average purchase price. If you sell at a price lower than your average purchase price,purchase price, you can lose money. The risk is really your ability to hold on to your investment until the price goes up.

Tomorrow July 20, Ariel will be involved in trying to put up a business. As usual, he will do what he wants without much preparation and make his mistakes. Eventually, he will realize those mistakes and have a good learning experience.

Catch Nang Magising si Juan tomorrow, 8:00 am at GMA News TV!

Nang Magising si Juan would like to thank it sponsors Bulgar, Bounty Fresh Chicken Chooks-to-Go, Mang Inasal, Landbank of the Philippines, and many more!