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10 Crucial Business Terminologies That You Should Know Before You Start A Business

Business Terminologies


Napakahalaga na malaman mo ang mga Essentials at Basic Terminologies tungkol sa Business o Negosyo. Ito kasi ang gagamitin mong pinaka foundation sa mga darating na pagaaral mo about business.

Kadalasan, ang nagiging problema ng karamihan ay wala silang sapat na knowledge sa business kaya sila ay nagkakamali at nabibigo.

Ano ba ang pwedeng mangyari kapag salat tayo sa knowledge when it comes to business?

May 5 akong naiisip na posibleng maging resulta ng padalus-dalos nating pagpasok sa pagnenegosyo na hindi tayo handa sa ating kaalaman.

1.Your Business Will Fail. 

2. Posibleng Maubos Ang Naipon Mo
3. Posibleng Madepress ka
4. Masasayang ang Oras At Efforts mo.
5. Posibleng Mahirapan kang makapagsimula

Now, maaaring mas madami pa ang maaaring maging consequence nito pero the point is, napaka CRUCIAL ang knowledge natin about business.

So naisipan kong tulungan ka sa iyong journey bilang isang entrepreneur kaya ginawa ko ang blog nato.

Ito ang 10 Crucial Business Terminologies That You Should Know Before You Start A Business:

1. Sales - Sales is activity related to selling or the amount of goods or services sold in a given time period. 


So, whether you are selling a house and lot or nagbebenta ka lang ng gulaman, yun ay sales. 

As long as may selling o pagbebenta na pinaguusapan. 



2. Cost of Goods - This is the cost of your raw materials or your expenses in creating or producing your product. 

Kumbaga, ito ang puhunan mo sa pagbili mo nung product mo or ang gastos mo bago mo maibenta yung product. 

Example: Microsoft buys packaging materials and advertising space for its software from its vendors and suppliers; Ikaw naman bumibili ka ng ingredients ng gulaman mo sa palengke like asukal. 


3. Expenses - Money spent or cost incurred in an organization's efforts to generate revenue, representing the cost of doing business.

Expenses ay pwedeng actual cash na pambayad like sa pambayad sa sahod, pambayad sa advertising, at sa lahat ng ginastos mo. 


4. Profit - Profit is a financial benefit that is realized when the amount of revenue gained from a business activity exceeds the expenses, costs and taxes needed to sustain the activity. Any profit that is gained goes to the business's owners, who may or may not decide to spend it on the business. 

Ang profit ay yung tinatawag nating Actual na KITA. Nakukuha yan kapag ibinawas mo na yung kabuuang benta mo o sales mo sa puhunan mo. 

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5. Liabilities - A liability is an obligation that needs to be paid and it is reported on a company's balance sheet. A common example of a liability is accounts payable. 

Siguro narinig mo na yung term na liabilities. Ito naman yung combination ng mga bayarin at utang mo.





6. Accounts receivable - Accounts receivable is the money that a company has a right to receive because it had provided customers with goods and/or services.

Ito naman yung mga kabayaran na hindi mo pa nakukuha mula sa tao o kompanya na ka transaction mo. 

For example, Nagdeliver ka ng 10 kabang bigas sa isang Rice Retailer store.. Hanggat hindi mo pa nakukuha ang bayad yan ay 
matatawag na Accounts Receivable. 


7. Cash Flow - Cash flow is the net amount of cash moving into and out of a business. 

Sa madaling salita, ito yung pag-galaw ng pera 
mo papasok at papalabas sayo. 


8. Assets - An asset is a resource with economic value that an individual, corporation or country owns or controls with the expectation that it will provide future benefit.

Ibig sabihin, ito yung mga bagay na meron ka na may value or pwedeng maibenta at mapakinabangan mo. 

Example nyan is your cellphone mo, computer, books, damit, sapatos, and others..


9. Accounts Payable - Accounts payable is an accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. 

Sa madaling salita, ito yung klase ng liabilities na kelangan mong bayadan na hindi mo pa nababayadan pero nakuha mo na yung service or yung products nung ka-transaction mo.  For example, umutang ka ng 2 kilong asukal sa isang supplier at ang usapan niyo ay babayadan mo yun within 1 month.


10. Net WorthNet worth refers to the total value of an individual or company expressed as total assets less total liabilities

For example, kapag may total assets ka na 100,000 and 30,000 of total na utang ay meron kang net worth of 70,000. (100,000 – 30,000 = 70,000. )











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