Is Your Startup In Trouble
Question: My business is currently in dire straits, financially speaking, and I am already thinking of closing the business (a bookstore/gift shop) if by the next quarter it does not ...
Online Payments For Your Startup
Question: What’s a good way to receive payments from customers who transact online? Answer: Collecting money from customers who transact over the internet depends on the target market. If your market is ...
How To Stop Fraud In Your Retail Biz
Q: I run a small secondhand bookstore, and I want to have a chain with outlets in several cities, hopefully in three years’ time. I let my employees receive, classify ...
Accounting Basics to Get you Started
An accounting system consists of the methods and records that identify your transactions and provides a basis for accounting for your assets. It is vital to managing your business. In ...
How To Keep A Tab On Your Spending
Putting up a new business can be so demanding and stressful that even rational people can sometimes fall into the overspending trap. In your enthusiasm to make your business succeed, ...
The Pros and Cons of Buying a Business
Many successful entrepreneurs are described as people who started their business from nothing and grew it to what it is now. Indeed, it takes time—normally several years as the entrepreneur ...
Budgeting Expansion
Q: I recently started a next-day delivery service using two bike messengers with minimum capital (P100,000) since I thought I could just roll over the funds I earn from the ...
Starting a Business With Little Financing
Are you looking to finance a new business but don’t know where to source the capital, because either banks would not lend you money for lack of marketable collateral or ...
Put Internal Controls in the Business
Q: I have invested in a business startup recently together with my friends from college. One of our partners is taking full time in managing the business while the rest ...
Why Should You Have An Exit Strategy Now
Question: I have ventured into startup food business this year and it is doing well that we are already planning to expand in multiple locations by year end. This is ...