COMMON MISTAKES OF

STUDENTS TO FINANCIAL
ACTIVITIES
FL - ERUDITION
FREE WEBINAR BY ABM 12
GROUP 2
Invocation – Opening Prayer

2
3
PHILIPPINE NATIONAL
ATHEME:
LUPANG HINIRANG

4
5
ZAMBOANGA HERMOSA

6
7
Reminders!!!
 Sit in a quiet location where you will not be
disturbed.
 Use appropriate equipment:
If possible, always use a phone with a
headset/earphones that is wired into the phone
lines. And if no one in your immediate location
needs to speak, you may use the "Mute" button
on the phone to prevent background noise from
disrupting the meeting. When someone needs
to speak, simply release the "Mute".
 Open your mic only if you told to do
so.
 Introduce yourself when you begin
speaking: others may not know your
voice.
 Don’t put your phone on Hold to do
something else: Your hold music will
play into the conference call, and make
it impossible for the other participants
to continue the meeting in your
absence! 8
ICE BREAKER!

9
2 FACTS 1 LIE

10
Which is the lie?

1. Being an entrepreneur requires to have at least a 4 year

course.
2. Entrepreneurship is more than simply “starting a
business.”
3. Entrepreneurship is a process through which individuals
identify opportunities, allocate resources, and create
value.
11
Which is the lie?

1. Excessive spending is bad for your financial life.

2. You work so hard this month, so it is okay to
reward yourself no matter how much it is.
3. 50/30/20 Budget Rule will help you allocate your
money properly.

12
 COMMON MISTAKES OF STUDENTS TO
FINANCIAL ACTIVITIES

13

FL-ERUDITION
 COMMON MISTAKES OF STUDENTS TO
FINANCIAL ACTIVITIES

This webinar will?

 Make you realize the importance of your financial life.
 Make you aware of the things you are doing unconsciously financially.
 Give you right and enough knowledge to start your own business.
 Let you understand what entrepreneurship is and what is to be an entrepreneur.

14
 FINANCIAL MISTAKES OF STUDENTS
EXECESSIVE SPENDING
“Sale! Let’s buy it, YOLO!”
“Wants vs. Needs? Wants! Live Life to the Fullest!
SOLUTION: CONTROL. Record your expenses. Follow the 30-days
rule if your going to purchase or buy something.

Free Apps that might help:

15
Spendee Money Lover Monefy
 FINANCIAL MISTAKES OF STUDENTS

I DESERVE THIS, WHY NOT?

“I worked hard for this, MINE!”

“Uyy! 11.11”
“Free Shipping!”
“There’s a promo!”

SOLUTION: Let us always think for our future. Don’t ever be that “one
day millionaire”. Most of the people nowadays regret that they didn’t
save when they have extra money. Don’t ever practice and make that a
habit! 16
 FINANCIAL MISTAKES OF STUDENTS

FEELING CHILD OF A KING OR

QUEEN. Living the life of others.

“Even if you are in debt, as long as you

look rich, it's okay!”

SOLUTION: Live within your means. What can

you afford, be satisfied and that’s it.
17
18
Why not
this?
Which do you
prefer? Budget Rule
with 30% wants or
Budget Rule with
30% savings?
19
 COMMON MISTAKES OF STUDENTS TO
FINANCIAL ACTIVITIES

20

FL-ERUDITION
HOW TO STARTUP AN ONLINE
BUSINESS

Remember:

“DREAM BIG, WORK HARD BECAUSE NOTHING IS

IMPOSSIBLE”

21
 TIPS
Be honest Be Transparent Be creative Be wise

Maintain customer records safely Stay on top of the latest trends Organize your online shop

Know when to call it quits Protect your brands online reputation Know your competition

Build relationship with your customers

22
DO’S AND DON’T’S
Do’s
1. Know your target Market
2. Put your products to the test
3. Continue to improve your products
and services
4. Post Good Feedbacks
5. Take Good Photos
Don’ts
1. Don’t be self-centered
2. Don’t ignore your customers
3. Don’t bite off more financing than
you can chew
4. Undervaluing what you’re selling
5. Thinking that everything fits on one
size fits all
23
SIMPLE MARKETING STRATEGIES TO START
A BUSINESS

24
MARKETING - the action or business of promoting and selling products
or services, including market research and advertising.

What are the 5 P’s of Marketing?

The 5 P’s of Marketing – Product, Price, Promotion, Place, and People – are key
marketing elements used to position a business3.) Promotion
strategically.
1.) Product
-Promotion refers to the activities that make the business more
-Product refers to the products and services offered by known to consumers.
a business. 4.) Place
-Place refers to where the product/service of the
2.) Price
business is seen, made, sold, or distributed.
-Price refers to the pricing strategy for products and 5.) People
services and how it will affect customers. -People refer to the staff, salespeople, and those25who
work for the business .
WHAT IS ENTREPRENEURSHIP?

26
 COMMON MISTAKES OF STUDENTS TO
FINANCIAL ACTIVITIES

27

FL-ERUDITION
ENTREPRENEURSHIP
-Is more than simply “starting a business.”
-The capacity and willingness to undertake conception, organization,
and management of a productive venture with all attendant risks,
while seeking profit as a reward.
-Is a process through which individuals identify opportunities,
allocate resources, and create value.

28
WHO IS AN ENTREPRENEUR?

29
WHO IS AN
ENTREPRENEUR?
An entrepreneur is a person who is responsible for creating new businesses, keeping in
mind the risks involved. They innovate, create new ideas, and bring change for the better.

5 Common Mistakes Made by New Entrepreneurs

1. Not spending enough money or spending too much money.
2. Not setting attainable goals.
3. Thinking you can do it all yourself.
4. Being incapacitated by fear of “what if’s.”
5. Putting your product first and people last.
30
COMMON MISCONCEPTIONS ABOUT
ENTREPRENEUR
You’ll Need to Do it all on Your
Own You’ll Become Wealthy

Entrepreneurs just need one good idea to be

successful

Entrepreneurs are Only Motivated by

Money
31
ADVANTAGES OF BEING AN ENTREPRENEUR

BENEFITS

You set your own schedule You believe in what you do

Your workplace can vary

You get to see your work You become a

change lives business leader

32
DISADVANTAGES OF BEING
AN ENTREPRENEUR

Financial Instability Risky

No Guarantee of Success Huge Responsibility

Increasing Competition

IMPORTANCE
Creation of job Innovation Enhances the standard
opportunities of living 33
MOST PEOPLE GET CONFUSED BETWEEN AN
ENTREPRENEUR AND A BUSINESS MAN.
THE DIFFERENCE OF BUSINESSMAN AND
ENTREPRENEUR
-An entrepreneur is a person who brings his unique idea to run a startup
company while businessman is a person who starts a business on an old
concept or idea.
A businessman makes his place in the market with his efforts and
dedication, while an entrepreneur creates the market for his own
business.
34
 OPEN
FORU
M
DO YOU HAVE ANY QUESTIONS OR
CLARIFICATIONS? 35
 READY?
1. WHAT’S THE FORMULA FOR BUDGETIN?
2. GIVE 3 ADVANTAGES OF BEING AN ENTREPRENEUR.
3. A PERSON WHO BRINGS HIS UNIQUE IDEA TO RUN A
STARTUP COMPANY WHILE BUSINESSMAN IS A PERSON
WHO STARTS A BUSINESS ON AN OLD CONCEPT OR
IDEA.
4. WHAT PORTION OF BUDGETING RULE SHOULD BE
SPENT FOR YOUR WANTS?
5. WHAT IS THE TITLE OF THIS WEBINAR?
36
6. WHAT PORTION OF BUDGETING RULE IS 50%?
7. GIVE 1 IMPORTANCE OF ENTREPRENEURSHIP.
8. THIS INCLUDES SHARING OF TRANSACTIONS
ACROSS THE INTERNET.
9. WHAT KIND OF LEGAL PAPER IS NEEDED FOR YOU TO
PROVE THAT YOUR ONLINE SHOP IS LEGIT?
5. IT’S A KIND OF ADVERTISEMENT WHERE YOU
AND YOUR CO-ONLINE SELLER POSTS YOUR
ADVERTISEMENT BANNER ON YOUR FEED OR ON
IG STORY? 37
DO YOUYOU MAY
HAVE NOW
ANY LEAVE THISOR
QUESTIONS GOOGLE MEET,
ONCE AGAIN
CLARIFICATIONS? THANK YOU AND GOD BLESS! 38