Scribd
Upload
969 views24 pages

Entrepreneurial Accounting - Part 1: Marinor Gallardo, CPA, MBA, PH.D

This document outlines the key topics that will be covered in a lecture on entrepreneurial accounting. It introduces definitions of entrepreneurship and compares the experiences of employees and entrepreneurs. Entrepreneurs earn residual income that varies, while employees earn linear income in fixed amounts. The document discusses establishing priorities and finding one's purpose or mission in life. It also addresses identifying passions that could turn into business potentials and creating strategic plans.

Uploaded by

april
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
969 views24 pages

Entrepreneurial Accounting - Part 1: Marinor Gallardo, CPA, MBA, PH.D

This document outlines the key topics that will be covered in a lecture on entrepreneurial accounting. It introduces definitions of entrepreneurship and compares the experiences of employees and entrepreneurs. Entrepreneurs earn residual income that varies, while employees earn linear income in fixed amounts. The document discusses establishing priorities and finding one's purpose or mission in life. It also addresses identifying passions that could turn into business potentials and creating strategic plans.

Uploaded by

april
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 24

ENTREPRENEURIAL

ACCOUNTING – Part 1
Marinor Gallardo, CPA, MBA, Ph.D.
Lecturer
OUTLINE
I. DEFINITION OF ENTREPRENEUR AND
ENTREPRENEURSHIP
II. COMPARISON BETWEEN AN
ENTREPRENEUR AND EMPLOYEE
III. COMPARISON BETWEEN LINEAR &
RESIDUAL INCOME
IV. LONG-TERM PLANNING
V. CASHFLOW QUADRANT
VI. ACTIVE INCOME VS. PASSIVE INCOME
OUTLINE
VIII. CORE VALUES & PRIORITIES IN LIFE
VII. PURPOSE -DRIVEN MISSION
INDIVIDUAL'S PASSION THAT CAN
TURN INTO BUSINESS POTENTIALS
IX. ASPECTS OF LIFE
X. SEASONS IN LIFE
XI. SETTING – UP GOALS
OUTLINE
XII. STRATEGIES OF EARNING MONEY
XIII. COMPARATIVE ANALYSIS OF BEING
AN EMPLOYEE AND ENTREPRENEUR
X. TYPES AND FORMS OF BUSINESS
XI. SETTING UP A SOLE PROPRIETORSHIP
BUSINESS
XII. ACCOUNTING FOR SOLE PROPRIETORSHIP
XIV. TAXATION FOR SOLE PROPRIETORSHIP
XV. CLOSING OF BUSINESS
DEFINITION OF
ENTREPRENEUR

> a person who establishes a business


whether merchandising, manufacturing or
service for profit.
Poverty in the Philippines
DEFINITION OF
ENTREPRENEURSHIP
>en·tre·pre·neur·ship /ˌäntrəprəˈnərˌSHip/
> noun
> the activity of setting up a business or
businesses, taking on financial risks in
the hope of profit.
COMPARISON
Most people : Some people:
• Can’t afford to buy a car • Can afford to visit
• Can’t afford to buy a and tour foreign
decent house countries
• Will only see other • Sleep well at night
countries in a magazine because they are
• Don't sleep very well financially stable
every single night because
they have money
problems
• Philippine Minimum
Wage: PHP15,000.00 a
month
COMPARISON OF AN
ENTREPRENEUR & EMPLOYEE

> EMPLOYEE:
1) SALARY/ COMPENSATION
2) FIXED/VARIABLE AMOUNT IF PER
HOUR OR PER QUANTITY BASIS
3) LINEAR INCOME
4) SCHEDULE OF OFFICE WORK
COMPARISON OF AN
ENTREPRENEUR & EMPLOYEE

> ENTREPRENEUR:
1) RESIDUAL INCOME
2) VARIABLE INCOME
3) FREEDOM OF TIME
Poverty in the Philippines

>
NETWORK MARKETING /
REFERRAL MARKETING
> Profit goes exponentially when satisfied
customers referred their friends, family
and those referred friends & family in turn
refers their family and friends;
> we are using time leveraging;
> Based on Jim Rohn's mentor, it is not
enough that we work harder but preferably
work smarter.
NETWORK MARKETING /
REFERRAL MARKETING
> Advocates of network marketing:
1. Robert Kiyosaki of Rich Dad, Poor Dad;
2. Bob Proctor – How to Turn your Monthly
Income to Annual Income;
3. Anthony Robbins;
4. Donald Trump
1. Long-term Preparation
Planning
➢LIST 5
IMPORTANT
PERSONS IN YOUR
LIFE
➢OUT OF THE 5
PERSONS TRIM IT
TO 3
➢THEN OUT OF THE
3 TRIM IT TO 1
ICE BREAKER 1

KNOW YOUR PRIORITIES


1. Arrange the following according to
your priority:
God, Career with linear income,
family, financial freedom – work that
gives residual income, friends, health,
others (identify).
2. Choose your top 4 priorities in life.
ANALYSIS

1.GOD
2. HEALTH
3. FAMILY
4.FINANCIAL
FREEDOM – residual
income
PURPOSE / MISSION
IN LIFE
God, Career with linear
income, family,
financial freedom –
work that gives
residual income,
friends, health, others
(identify).
PURPOSE / MISSION
IN LIFE
➢Goodbye to
“comfort zone” and
hello to “courage
zone”
➢“COURAGE ZONE”
- where dreamers
achieve their dreams
and live a life of
purpose.
WHAT IS YOUR
PASSION?

➢ What are your skills


that
can turn into your
potentials?

➢e.g. writing,
singing, painting,
dancing, public
speaking, etc.
STRATEGIC
PLANNING
➢Based on Napoleon Hill's
The Master Key to
Success, the following are
the master mind principle:
1. Decide what you want
to do during the next 3
years & write it down;
2. Decide how much
money you want and how
you will earn it and write
it down.
ICE BREAKER 2:

➢LIST 5
IMPORTANT
PERSONS IN YOUR
LIFE
➢OUT OF THE 5
PERSONS TRIM IT
TO 3
➢THEN OUT OF THE
3 TRIM IT TO 1
ASK YOURSELF
THESE 5 QUESTIONS
1. When are you going
to retire? date?
Age?
2. How much money
do I need to retire?
3. How precisely?
4. Proven system? –
emotionally &
financially
5. Immediate Action

You might also like