Tag Archives: entrepreneurship

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!

“Know Your Taxes” with Mon Abrea

July 21, 2014Plan, Saveabrea consulting group, Armand bengco, audit from b.i.r., audit from bir, auditing issues, b.i.r., bureau of internal revenue, buwis, capital gains tax, colayco foundation, csr philippines, entrepreneurship, financial freedom, financial literacy, Francisco colayco, got a question about taxes?, how do i deal with tax problems, how much tax should i pay?, how to avoid auditing, how to deal with tax problems, income tax, income tax return, investing, know your taxes, magkano ang babayarang buwis, maliit na negosyo, mon abrea, pisobilities business portal, planning, problema sa buwis, small business, smart business, tama ba ang buwis na binabayad ko, tamang buwis na babayarin, tax issues, tax philippines, tax problems, tax troubles, tax whiz, taxes 101, taxes for entrepreneurs, taxes philippines, v.a.t., value added tax, what to know about taxes, withholding taxadmin

Taxes are definitely part of the heightening political drama nowadays. With so much money lost to the pockets of many corrupt leaders, many Filipinos are becoming more concerned with their money. Thus, financial literacy becomes all the more important!

We are lucky to feature the renowned “Tax Whiz,” Mon Abrea, in one of our episodes in Pisobilities @ The Business Portal. He discusses the basic things you need to know about taxes, as well as the common tax issues among many Filipinos today.

Mon Abrea’s new book, Got a Question About Taxes is available at all leading bookstores nationwide! You can also order via the Colayco Foundation. Just call 637-3731 or 637-3741.

Get a copy now!

“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!