STARTING AND

OPERATING
SIMPLE BUSINESS
Time allocation: Each task should be paired with an appropriate time frame for completion.

Progress: The overall management team leader needs to be in charge of monitoring each task's progress and the completion.

Business Registration Requirements: Once the form of the business has been decided, there are a number of registration procedures that need to be taken
before trading begins.

1. SEC
2. DTI
3. Mayor's business permit
4. BIR
5. SSS, PhilHealth, and Pag-Ibig Fund

Selling the Product: Selling a product doesn't have to be complicated.

Keeping Business Records: Good record keeping can help protect the business, measure the performance and maximize profits.

Best Practice and Record Keeping: Depending on the industry, keeping the following records may be a legal requirement, but it is best practice to keep them for
5-7 years.

Key Bookkeeping Tasks: Staying on top of the bookkeeping can be overwhelming and oftentimes gets pushed to the bottom of to-do list, or just completely
ignored.
 OBJECTIVES

The objectives
should be crystal
clear.
 TASKS

This part details what

must be accomplished
to achieve the objectives.
TIME ALLOCATION
Each task should be paired with an appropriate
time frame for completion.
PROGRESS
The overall management
team leader needs to be in
charge of monitoring each
task's progress and the
completion.
 Business Registration Requirements:
1. SEC- Securities and Exchange Commission
2. DTI-Department of Trade and Industry
3. Mayor's business permit
4. BIR- Bureau of Internal Revenue
5. SSS, PhilHealth, and Pag-Ibig Fund
Selling the Product:
Selling a product doesn't
have to be complicated.
Keeping Business Records:
Good record
keeping can help
protect the
business, measure
the performance
and maximize
profits.
Best Practice and Record
Keeping:

Depending on the industry,

keeping the following records
may be a legal requirement,
but it is best practice to keep
them for 5-7 years.
Key Bookkeeping Tasks:
Staying on top of the bookkeeping can be
overwhelming and oftentimes gets pushed to the
bottom of to-do list, or just completely ignored.
WEEKLY TASKS
Record transactions.
Each financial
transaction of the
business must be
recorded.
FILE AND UPLOAD RECEIPTS.
Keep copies of all the invoices, receipts and
payments as well as the files of all the vendors,
payroll and bank statements.
ENTER
UNPAID BILLS Keep track of each of
the vendors'
FROM information, like
VENDORS billing dates,
amounts due and
payment due dates
Brand A Brand B Brand C

2020

2021

2022

0 5 10 15 20 25
 Pay vendors.
Once the bills are entered into the
accounting software, tracking
payment due dates will be very
simple
 Prepare and send
invoices.
Remember, the sooner invoices are
mailed, the sooner it will get paid
We have a professional
team ready to help
solve your problem
REVIEW PROJECTED
CASH FLOW.
Staying on top of your cash
flow, in and out of the practice,
is incredibly important.
quiz
 Number 1
Each task should be paired with an appropriate
time frame for completion.
 Number 2

The overall management team leader needs to

be in charge of monitoring each task's progress
and the completion.
 Number 3
Once the form of the business has been decided,
there are a number of registration procedures
that need to be taken before trading begins.
 Number 4
Good record keeping can help protect the
business, measure the performance and maximize
profits.
 Number 5
Depending on the industry, keeping the
following records may be a legal requirement,
but it is best practice to keep them for 5-7
years.
 Number 6
Staying on top of the bookkeeping can be
overwhelming and oftentimes gets pushed to the
bottom of to-do list, or just completely
ignored.
 7-10
write any of the weekly tasks