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#221 neville

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Posted 12 April 2019 - 09:50 AM

Ah, so hati muna kaso divided by 2 on all expenses.  That is the easiest simplest and perhaps most effective way to start a business.  
 
Then perhaps, on your income statement, you can have a commission fee % of client revenues.  This means who is bringing in clients will get a commission.  This commission fee is an expense so it will subtract from the gross revenue, along with other operating expenses (OPEX).  Then you will arrive at profit, which as you said, will be split 50-50.  If one chooses to pull out the profit while the  other one re-invests the profit, then the equity share will need to be recalculated as one will have more than the other.

  


Whoa!!!! Nuances of business math na iyan. Titirik na utak ko. Lol.

Pag settled na ang registration namin (na sana huwag matagalan dahil SA paparating na semana santa), pihadong kakausapin ko ang partner ko tungkol sa profit at suweldo SA mga freelancer (guinea pig ako).



LOL, I had a feeling it is a Corp when you mentioned you have 3 others joning in, be it name use only or as employees (industrial incorporators).


Hehe, initially, sole proprietorship Lang gagawin ko. Pero naisip ko na baka corp ang gusto NG HQ Kasi SA Europe mga kumpanya talaga ang counterpart namin Doon.
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#222 MRROUGHSEX

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Posted 12 April 2019 - 12:17 PM

  


Whoa!!!! Nuances of business math na iyan. Titirik na utak ko. Lol.

Pag settled na ang registration namin (na sana huwag matagalan dahil SA paparating na semana santa), pihadong kakausapin ko ang partner ko tungkol sa profit at suweldo SA mga freelancer (guinea pig ako).




Hehe, initially, sole proprietorship Lang gagawin ko. Pero naisip ko na baka corp ang gusto NG HQ Kasi SA Europe mga kumpanya talaga ang counterpart namin Doon.

We'll help here to suggest business model Neville.

 

Whoa bigatin ha.  European partners.  If I may, anong business yan?  No need for specifics, industry will do.  Parang namention mo na before, hindi ko lang matandaan at medyo tinatamad ako mag-back read haha.



#223 MRROUGHSEX

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Posted 12 April 2019 - 12:29 PM

 

Hindi yata hahaha mga early 2000s yung porno na yun

 

After sex, finances na siguro yung hesitant idiscuss ng mga magulang sa anak before. Hindi din siya tinuturo sa school dati so sariling sikap talaga to learn more about it, masakit lang because experience can be a tough teacher

Snabi mo pa preng PS.  

 

I spent 12 years working in Pinas just putting my money in alkansya and  later on saving account/TD.  Little did I know mas mainam pala sa MF/ Blue chip stocks.  So Hard Lesson 1 para sa akin is not putting money on the market early. 

 

 Pero at least, para sa akin, common sense lang na kelangan mag-ipon - for emergencies, then for downpayment sa bahay/condo. 

 

Wala pa sa isip ko nun retirement savings.  Typical Filipino thinking that Social Security checks will take care of retirement pero hindi naman pala kala kalakihan.  Sa PInas kasi walang 401K or Superannuation BUT what we have there is 13 month pay.  So Hard Lesson 2 sa aking experience is not saving the 13th month pay.  Sana maging popular sa Pinas yung thinking of using 13th month pay as retirement program instead na "bonus" to be spend during Christmas.


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#224 JohannBeckham

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Posted 12 April 2019 - 01:20 PM

Snabi mo pa preng PS.  
 
I spent 12 years working in Pinas just putting my money in alkansya and  later on saving account/TD.  Little did I know mas mainam pala sa MF/ Blue chip stocks.  So Hard Lesson 1 para sa akin is not putting money on the market early. 
 
 Pero at least, para sa akin, common sense lang na kelangan mag-ipon - for emergencies, then for downpayment sa bahay/condo. 
 
Wala pa sa isip ko nun retirement savings.  Typical Filipino thinking that Social Security checks will take care of retirement pero hindi naman pala kala kalakihan.  Sa PInas kasi walang 401K or Superannuation BUT what we have there is 13 month pay.  So Hard Lesson 2 sa aking experience is not saving the 13th month pay.  Sana maging popular sa Pinas yung thinking of using 13th month pay as retirement program instead na "bonus" to be spend during Christmas.

Dati ang tingin ko sa 13th pay is an extra bonus, a good idea na inimbento ng Pinoy for the benefit of employees. Pero after working abroad especially dito sa Australia, it's actually not the best outcome for the employee. Mas maige pa kung ang sweldo is paid by week (e.g. fortnightly) or calculated by the hours of paid work in a given week for the following reasons:
1. Tataas ang base salary mo which will be use in the calculation of your entitlement e.g. leave encashment, performance bonus, Overtime work, etc
2. Mai invest mo agad ot malalagay sa high earning investment vehicle yung pera mo, therefore magko compound rather than waiting for dec to access the money.

Time value of money is one of the crucial thing i learn especially when i used to develop and implement commodity trading and risk management software to trade swaps, derivatives, options, futures, etc. Sa Singapore
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#225 Mad Damian

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Posted 12 April 2019 - 01:25 PM

Snabi mo pa preng PS.  
 
I spent 12 years working in Pinas just putting my money in alkansya and  later on saving account/TD.  Little did I know mas mainam pala sa MF/ Blue chip stocks.  So Hard Lesson 1 para sa akin is not putting money on the market early. 
 
 Pero at least, para sa akin, common sense lang na kelangan mag-ipon - for emergencies, then for downpayment sa bahay/condo. 
 
Wala pa sa isip ko nun retirement savings.  Typical Filipino thinking that Social Security checks will take care of retirement pero hindi naman pala kala kalakihan.  Sa PInas kasi walang 401K or Superannuation BUT what we have there is 13 month pay.  So Hard Lesson 2 sa aking experience is not saving the 13th month pay.  Sana maging popular sa Pinas yung thinking of using 13th month pay as retirement program instead na "bonus" to be spend during Christmas.


Usually, yung 13th month pay here is ysed to buy gifts for the isang katutak na kamag anak at mga inaanak at mga expecting staff (office and at home).
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#226 Mad Damian

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Posted 12 April 2019 - 01:28 PM

Dati ang tingin ko sa 13th pay is an extra bonus, a good idea na inimbento ng Pinoy for the benefit of employees. Pero after working abroad especially dito sa Australia, it's actually not the best outcome for the employee. Mas maige pa kung ang sweldo is paid by week (e.g. fortnightly) or calculated by the hours of paid work in a given week for the following reasons:
1. Tataas ang base salary mo which will be use in the calculation of your entitlement e.g. leave encashment, performance bonus, Overtime work, etc
2. Mai invest mo agad ot malalagay sa high earning investment vehicle yung pera mo, therefore magko compound rather than waiting for dec to access the money.

Time value of money is one of the crucial thing i learn especially when i used to develop and implement commodity trading and risk management software to trade swaps, derivatives, options, futures, etc. Sa Singapore


Bro, would love to get some pointers from you in opening a trading acct sa SG.
Mostly for derivatives trading.
Used to dabble in stocks, options and leaps.

#227 JohannBeckham

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Posted 12 April 2019 - 09:14 PM

Bro, would love to get some pointers from you in opening a trading acct sa SG.
Mostly for derivatives trading.
Used to dabble in stocks, options and leaps.

Are you based in SG?

#228 Mad Damian

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Posted 12 April 2019 - 11:33 PM

Are you based in SG?


No!
Manila.

#229 neville

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Posted 13 April 2019 - 01:00 AM

We'll help here to suggest business model Neville.
 
Whoa bigatin ha.  European partners.  If I may, anong business yan?  No need for specifics, industry will do.  Parang namention mo na before, hindi ko lang matandaan at medyo tinatamad ako mag-back read haha.


Salamat, sir 😊

Translation industry. Sobrang bihira at di kilala rito Yan Kaya pati bookkeeper NG Ate ko Nanibago sa pagpaparehistro NG corp. Hahaha

Counterpart namin ang European vendors. Would love to meet them for business insight. Worldwide Kasi and saklaw NG client/employer/boss ko kaya global ang scale niya.

From a business standpoint, mas madali nga Naman na Isa Lang ang kausap mo tapos bahala na siya SA individual translators.
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#230 JohannBeckham

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Posted 13 April 2019 - 01:11 PM

No!
Manila.


Check the info here:
https://www.dbs.com....account-opening

#231 JohannBeckham

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Posted 13 April 2019 - 01:14 PM

Usually, yung 13th month pay here is ysed to buy gifts for the isang katutak na kamag anak at mga inaanak at mga expecting staff (office and at home).

This is true and is part of the culture. Good or bad, it is what it is.
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#232 MRROUGHSEX

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Posted 13 April 2019 - 08:37 PM

Salamat, sir

Translation industry. Sobrang bihira at di kilala rito Yan Kaya pati bookkeeper NG Ate ko Nanibago sa pagpaparehistro NG corp. Hahaha

Counterpart namin ang European vendors. Would love to meet them for business insight. Worldwide Kasi and saklaw NG client/employer/boss ko kaya global ang scale niya.

From a business standpoint, mas madali nga Naman na Isa Lang ang kausap mo tapos bahala na siya SA individual translators.

Ahh so you know foreign languages like Spanish and French perhaps?  That is great.

 

There was a time I was being invited to learn Nihongo by a good Pinoy buddy of mine who works in Japan.  He said there is big demand to translate Japanese movies with English subtitles.  And if you think about it, with the dawn of digital movies, all of a sudden there was a boom for subtitles in as many foreign countries as possible to widen global reach of sales.



#233 Mad Damian

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Posted 14 April 2019 - 09:19 AM

Ahh so you know foreign languages like Spanish and French perhaps?  That is great.
 
There was a time I was being invited to learn Nihongo by a good Pinoy buddy of mine who works in Japan.  He said there is big demand to translate Japanese movies with English subtitles.  And if you think about it, with the dawn of digital movies, all of a sudden there was a boom for subtitles in as many foreign countries as possible to widen global reach of sales.


My friend married a Japanese girl who worked as a translator for anime films in the US.
He said it was a dream come true for dorks like him.
HeHe.

#234 Mad Damian

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Posted 14 April 2019 - 11:07 AM

Check the info here:
https://www.dbs.com....account-opening


🙏
Let's hv a drink in SG one of these days.
I'm assuming you're based there.

#235 JohannBeckham

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Posted 14 April 2019 - 01:36 PM

🙏
Let's hv a drink in SG one of these days.
I'm assuming you're based there.

No man, I'm not based in SG anymore. I move here in Australia few years ago and loving it.

#236 Mad Damian

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Posted 14 April 2019 - 02:56 PM

No man, I'm not based in SG anymore. I move here in Australia few years ago and loving it.


👍

#237 neville

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Posted 14 April 2019 - 06:41 PM

Ahh so you know foreign languages like Spanish and French perhaps?  That is great.
 
There was a time I was being invited to learn Nihongo by a good Pinoy buddy of mine who works in Japan.  He said there is big demand to translate Japanese movies with English subtitles.  And if you think about it, with the dawn of digital movies, all of a sudden there was a boom for subtitles in as many foreign countries as possible to widen global reach of sales.



Non. 😁😁😁

My current language pair is English and Tagalog.

I currently struggle with learning Ilocano. Lack of materials for exposure. Heck, it's easier to assimilate Japanese and Korean thanks to the proliferation of multimedia materials.

Tried learning Russian in 2011 because of a guy. But since we decided to be just friends (na- friend zone ako. Saklap!) And the lack of materials to use for self-study led to me dropping the attempt.

The better strategy is to master a language almost no one knows and slowly watch your market value go up. 😁

#238 MRROUGHSEX

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Posted 15 April 2019 - 11:54 AM

I have a tour to another school with my kid tomorrow.  It is an opportunity to visit schools in the area.  This one is Mount Juliet High School.  It is another excellent High School.   This, along with the new high school being built, are the main reasons why I expect my property value to go up (proximity to school is 5 minutes).   Sana.  I am projecting in my financial plan an increase of $20K per year in value for the next 4 years.

 

Mount Juliet High is ranked number 25 (out of 346) in 2019 as best public high school in Tennessee (Hume Fogg is number 1) and 1,890 in the country (Hume Fogg is 23).   

 

 

 

https://www.youtube....h?v=CPTIefZZIhQ

 

QmBTGwQ.jpg


Edited by MRROUGHSEX, 15 April 2019 - 11:55 AM.

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#239 JohannBeckham

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Posted 15 April 2019 - 09:41 PM

Nka jackpot ka boy. Perfect location.

#240 MRROUGHSEX

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Posted 17 April 2019 - 10:35 AM

^ Salamat kapatid!  

 

Wow ang gaganda ng mga kana sa school haha.  The student interns toured me around the canpus.  Primarily a white school (85%), 8% black, 4% hispanic, 2% asian, 1% native americans.  Pwedeng pwede ako magka-apo ng blue or green eyed LOL.






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