FAR EASTERN UNIVERSITY National Service Training Program 2 REFLECTION Date Completed: January 24, 2011

NAME: Salazar, Christian, P. management

COURSE/SECTION: BSBA major in financial INSTITUTE: IABF YEAR LEVEL: 2nd year

Module Title: “Micro, Small and Medium Enterprises (MSMES)” and “Financial Planning” Name of Resource Person/s: Edwin Cabral Pasahol

Micro, small, and medium enterprises (MSMEs) are known as any business engaged in business/services, whether single proprietorship, cooperative, partnership, or corporation whose total assets, inclusive of those arising from loans, business like manufacturing which is 14.7%, hotel and restaurants which is 12.3%, renting which is 5.9% and other community which have 5.7%. MSMES is also called as the vital engine of the economy.

They are able to effectively increase the local content or the value added in final goods that are processed and marketed by large manufacturing firms. Also, MSMEs can act as the seedbed for the development of entrepreneurial skills and innovation. They play an important part in the provision of services in the community. They can make an important contribution to regional development programs. MSMEs contribute to the creation of wealth, employment, and income generation, both in rural and urban areas, thus, ensuring a more equitable income distribution.

the last is when you have more than enough profit to generate your business necessities . Passion is the stimulus in any field of endeavor thus. fist is self. DOLE. Another essential component of building a buisiness is the passion. Upon mixing this different ingredients together with sturdy perseverance in the end. fifth is Implementation and the last is the evaluation. after that you will have some profit came from your investment. Christian. The basic for mula for this is Income . . management COURSE/SECTION: BSBA major in financial INSTITUTE: IABF YEAR LEVEL: 2nd year Module Title: “Starting Your Business” and “Marketing Your Product” Name of Resource Person/s: Edwin Cabral Pasahol Business is created through a step by step process and it is like a food recipe with various ingredients or requirements. DBP.Savings = Expense. Business is develop through the following stages. When starting a business do not make an informal loan or debt.FAR EASTERN UNIVERSITY National Service Training Program 2 REFLECTION Date Completed: January 24. second is to project your identification.awareness. third is to plan your business. One way to check if your business is earnng enough income is by listing all your assets. forth is fund sourcing(Financing).up on your expenses. it is worth to help others on starting their own business. and all your competencies and skills. GSIS and other alike). Ofcourse when you are starting a business you should have your savings. a person must love and like what he will be doing. you will have a savory sucess. if necessary look for formal sources like government financing institutions(LND. so that you will have an idea on how well your business run and this will identfy what will be you future plans to enhance your business. Evaluation determines if your business is generating enough profit to cover all the expenses used in your business. liabilities. 2011 NAME: Salazar. When starting your business you must be sure that you have your own financial assistance. P. This will serve as a back. Savings can be made first on capital accumulation then you invest your money on money markets.

Having learned this thing will increase our knowledge and power to extend our help. improving their lives is more than a gold trophy...FAR EASTERN UNIVERSITY National Service Training Program 2 REFLECTION Date Reflection Paper Completed: January 24. P. Reaching other people and improving the quality of their life by teaching them what I had learned and acquired will be my greatest masterpiece. We can learn and at the same time help other. One cannot live for his sake only.Tala It is essential to know new things that will be helpfull to our community. How to handle a business. but having this great knowledge and power equiped will also mean that we will also have a great reponsibility on the community as well. Hence. As the classical quote said “no man is an island” we. helping them to start and build business. 2011 NAME: Salazar. for us to extend our knowledge for those small communities who needs our help. but first we must know all this things well before we can teach other people on the community. everything I learned must be shared especially to those who need it.. Holding people’s hand. human beings are made like metal chains. . Like How to start a business. Christian. one cannot find his essence in his own self.connected and looped to each other. How to develop a business and other alike. We BSBA majors are taught on how can we contribute to community specially on business matters.. We will be learned and trained for this. Ofcourse learning this things is both good for the community and us. management COURSE/SECTION: BSBA major in financial INSTITUTE: IABF YEAR LEVEL: 2nd year Module Title: NSTP 2 Introduction ( Training of The Trainees) Name of Resource Person/s: Prof: Tala.

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