Enfants du Mekong Entrepreneurs in Cebu, Philippines, ran another session for young entrepreneurs using a+b=3’s training material early February. This time, they focused on bookkeeping and budgeting. Taking our simple example of chicken business, participants went through basic concepts such calculating a profit, how to track cash ins and outs and how to plan ahead.
Another very successful topic was how to manage family relationship in a business – whether family members are customers, employees, investors or suppliers.
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| Profit calculation |
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| Budgeting a future business with the help of a mentor |
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| Cash in – cash out |
