MMC-PPT-001-C

ENTREP2:
OPPORTUNITY SEEKING
15th Meeting
Asst. Prof. EDGAR BONUS OLAÑO
Opening Prayer
Recitation of PCC Vision, Mission,
Core Values and Graduate
Attributes
Opening/Welcome Remarks
Recall/Review of the Previous
Topic/Lesson
To learn and assimilate:
- how to source funds
- how to identify poor cash
Management practices
To learn and assimilate:
- do’s and don’ts in managing funds
- some cash management strategies
LESSON
MANAGING YOUR FUNDS
• In business keeping accounts of
transactions implies record-
keeping.
• Records tell you how your
business is going
 SOURCES OF FUNDS
• Your own pocket
• Borrow from relatives and friends
• Loans from Banks and Financial institutions
• Microfinancing from government-accredited
institutions
• Non-governmental organizations, industry
associations, and private groups
SOME POOR CASH MANAGEMENT PRACTICES
• Lack of cash planning. “Haste makes waste”
Solution:
• Learn to plan your expenses wisely.
• Base your cashflow on realistic projections
• Forecast your cash flow on a weekly basis
for the first year (for monitoring purposes)
SOME POOR CASH MANAGEMENT PRACTICES
• Poor internal control
Solution:
• Good cash management
• Good cash budgeting
• Carry out your plan
DO’S AND DON’TS IN MANAGING YOUR FUNDS
• Don’t mix your personal finances with the funds
of the business
• Don’t pay long-term requirements with short-
term sources, and vice versa
• Keep watch on the source documents (sales
invoices, official receipts, and vouchers)
• Be prompt in recording
DO’S AND DON’TS IN MANAGING YOUR FUNDS
• Deposit cash daily
• Maintain a petty cash
• Reconcile bank accounts monthly
• Be careful about extending credit
• Collect efficiently
SOME CASH MANAGEMENT STRATEGIES
• Barter
• Once-a-week disbursement
• Disallowance of prepayment
• Taking advantage of non-interest bearing
payables
• Some tricks with regard to issuing a check
• Concentration banking
SOME CASH MANAGEMENT STRATEGIES
• Lock box system
• Online banking
• Requirement of down payment
SUMMARY
It is not enough to have the financial resources
you need to operate. A business can be profitable
for a long time but it can also incur losses anytime.
It pays to exercise prudence when handling your
finances. The lesson gave us nine do’s and don’ts
for managing your funds better.
SUMMARY
Lastly, this lesson marks the end of the discussion and
presentations about opportunity seeking, small enterprises, and the
business plan. You are not expected to absorb and learn all that has
been tackled in the lessons in just one sitting. It is always right to go
over them repeatedly. Our next step is to conduct workshops on the
actual preparation of the business plan as your final requirement for
the course.
 -
Discussed the following topics:
- managing your funds
-Overview of the business plan
- sources of funds
- How to plan Overview of the business plan
- How to plan a business
- some poor cash management
- The Components
-a business
of a Business Plan practices

- do’s and don’ts in managing

- The Components funds
of a Business Plan

- some cash management strategies

 EXERCISES:
Groupings and Preparation of
the Technical/Production/
Operations/Organizational/
Financial Plan
 ASSESSMENT
Reflection for the
Lesson of the day
  REFLECTION/SYNTHESIS

By the STUDENTS
MEETING 12th Assessments
1.1. On a yellow paper, write a reflection about the topics we
discussed.
1.2. Explain one (1) quote cited above and give specific
example/s as part of your explanation.
1.3. Start preparing your production/ operations/
technical/organizational/Financial plan of your business.
1.4. Submit book review report
1.5. Complete your business plan and PPTs
FORMAT FOR THE ASSESSMENT
• COMPLETE NAME
• Course/Program
• YEAR/ SECTION
• ASSESSMENT MEETING NUMBER
• INCLUDE THE QUESTION/S
• YOUR ANSWER/S AND/OR OUTPUTS
ASSESSMENT POINTS DISTRIBUTION
WRITTEN/ ENDCODED OUTPUT AND REFLECTION PAPER
• Content/ Synthesis of Ideas – 5 points
• Depth/ Analysis/ Evidences – 10 points
• Original Thought and Support for the Topic – 5 points
• TOTAL = 20/20 points
• Deadline: December 7, 2022, Wednesday, 4:00 p.m.
 ASSIGNMENT
1. Preparation of the Technical/
Production/ Operations/
Organizational/Financial Aspects of
your Business Plan
 THANK YOU.
GOD BLESS.
TO GOD BE THE
GLORY.