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4 Things Filipino Entrepreneurs Can Do to Prevent Financial Pitfalls

4 THINGS FILIPINO ENTREPRENEURS CAN DO TO PREVENT FINANCIAL PITFALLS 1. Hire a committed accountant Ensuring that your business complies with the taxes and similar dues owed to relevant governing bodies such as the BIR and the SEC. It does not help your business if you devote bulk of your projected income to debt service. If this should be the case, you may best stabilize your cash flow or manage your expenses – or both. 2009 2010 E 2012 2013 2. Watch your debt-to-income ratio 3. Ensure your cash reserves This suggests that you have enough resources to service your debt, even if your income fluctuates on occasion.These funds may also be used to serve investment opportunities. These are usually in the form of stocks or bonds that can be liquidated fairly quickly.Short- term investments earn less income, but you benefit from the high success rate and the short maturity period. 4. Make short-term investments Oalo Managing a business and growing it requires for an entrepreneur to do his homework, so that business growth is spurred cautiously and successfully. Consult an expert today and educate yourself on managing your business financials. Piktochart O I make information beautiful

4 Things Filipino Entrepreneurs Can Do to Prevent Financial Pitfalls

shared by rashatiozon on Jul 13
To make a business successful, here are some of the financial pitfalls every entrepreneur must avoid. To learn more about business finance, visit


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