問題一覧
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the most common source of funds
Personal Savings
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the easiest way to source funds especially for an entrepreneur whose family is financially secure
Borrow from family and friends
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Business Loan from a Bank
the most popular and the most difficult source of business capital in the Philippines
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HOW TO RAISE CAPITAL FOR THE BUSINESS
Personal Savings Borrow from Friends and Family Business Loan from a Bank
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5C’S OF CREDIT
Character Capacity Capital Collateral Conditions
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a loan that uses your home equity as a guarantee that the money you borrow will be paid back
Home Equity Loan
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issued by a financial institution that lets you borrow money to make a purchase
Credit Card
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is a type of financing given from investors to businesses that are in dire need of support or other small businesses
Venture Capital
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is not always in the form of money. Sometimes, it could be in the form of technical or managerial expertise.
Venture Capital
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wealthy individuals who invest their own money into companies
Angel Investors
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business – oriented agencies SSS, Pag-Ibig Fund, Land Bank, etc.
Small Business Loans from Government Agencies
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predicting what will happen in the future by gathering and analyzing past and current data
Forecasting
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is developed by identifying trends in past data and using information to predict a company’s financial position in the future
FINANCIAL FORECASTING
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2 TYPES OF FINANCIAL FORECAST METHODS
1. Qualitative Method 2. Quantitative Method
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Successful Forecasting =
Science + Art
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implies that the body of the forecasting knowledge lies on the solid ground of quantitative forecasting methods (solid data and figures) and their correct utilization for various business situation
SCIENCE
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represents a combination of a decision maker’s experience, logic, and intuition to supplement the forecasting quantitative analysis
ART
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Important Considerations in making the expansion leap, estimating the investments and financing needed for the expansion
REVENUES COST EXPENSES
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shown usually as the item in an income statement from what all charges, costs, and expenses are subtracted to arrive at net income
REVENUES
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an amount that has to be paid
COST
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incurred by a business
EXPENSES
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What the expenses included in a business?
1. Rent 2. Phone and utilities 3. Equipment 4. Fixtures 5. Inventory 6. Leaseholds improvements 7. Licenses and tax deposits 8. Marketing budgets
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a portrait of the financial standing of a business at a point in time
BALANCE SHEET
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it shows what your business owns and what it owes
BALANCE SHEET
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will show a summary of a company’s assets, liabilities and owner’s equity at a specific point in time
BALANCE SHEET
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WHY PREPARE A BALANCE SHEET
to evaluate its financial health to evaluate financial performance and making financial business decisions
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- are items owned by a business
ASSETS
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- are items that are expected to be sold or turned into cash within one year (short-term)
CURRENT ASSETS
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is considered the most liquid of all assets
CASH
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SHORT-TERM ASSETS
1. Prepaid expenses 2. Accounts Receivable (A/R)
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money owed by customers who purchased goods or services on credit that was provided by the company
Accounts Receivable (A/R)
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example rent or insurance
Prepaid expenses –
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are items that are not expected to take more than one year to be consumed or converted into cash (long-term assets)
NON-CURRENT ASSETS
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– a loan due to creditors
CURRENT LIABILITIES
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– SHORT-term LOANS typically OWED by the business from purchases made on credit from SUPPLIERS OR VENDORS
Accounts Payable (A/P)
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– taxes that have accrued but have not yet been paid
Taxes Payable
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– a debt that is due more than one year (long-term liabilities)
NON-CURRENT LIABILITIES
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– EARNINGS that are reinvested in the business after the DEDUCTION OF ANY DIVIDENDS
Retained Earnings
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amount of PRINCIPAL that will be due within ONE YEAR of the date of the balance sheet
Current Portion of Long-Term Debt
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– net worth or paid-in capital and is the AMOUNT OWNERS have INVESTED in the business
Owner’s Equity
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WHAT IS INCLUDED IN A BALANCE SHEET?
CURRENT ASSETS (short-term assets) -Cash -Accounts Receivable -Inventory -Supplies NON-CURRENT ASSETS (long-term) -Land -Buildings and Improvements -Furnitures and Fixtures -General Equipments -Intangible assets
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– are debts for the business and will include short-term and long-term liabilities
LIABILITIES
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TYPES OF LIABILITIES IN A BALANCE SHEET
Accounts Payable Taxes Payable Salaries/Wages Payable Interest Payable
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are listed in a specific order depending on if they are assets or liabilities
balance sheet accounts
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are ordered on the balance sheet in terms of how long it would take to change them into cash
assets
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WHAT IS THE ORDER OF ITEMS ON THE BALANCE SHEET?
1. Cash would obviously be first then followed by 2. Accounts Receivable 3. Inventory 4. Fixed Assets (land, equipment and buildings) 5. Intangible assets at the end
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A total liability is typically ordered with
1. Total current liabilities first and then 2. Non-current liabilities
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should always balance because of the accounting equation
Balance Sheet
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ASSETS =
LIABILITY+EQUITY
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the reason for this equation is that if you take the total assets of the business and then subtract the total liabilities, you are left with the amount that belongs to the owner
ASSETS = LIABILITY+EQUITY