Posts

7 Tips to Building a Legacy Startup

Image
Last's week article was on:  How to Register a Business in PNG . An intriguing question asked at the end was: "What's  next?", This question will be answered in this article.  So, after you are done registering (IPA certificate, IRC TIN and Bank Account Opening), what is next? From experience, I see lots of people register business names with PNG IPA but give up on the next stage. For some, they go as far as obtaining IRC TIN and then stop progressing. Some people successfully open their SME bank accounts, and sadly drop their momentum. And few starters successfully pass the entire process and commence business activities. From the start the momentum is at the peak. Everything looks good; the future is seemingly full of promise. But, after passing 3 to 6 months, sales is slow (or no sales at some point). Marketing is not generating sufficient leads thus number of actual customers is declining. When these happen, operating expenses slowly dry up the decreasing sa...
Post a Comment
Read more

HOW TO REGISTER A BUSINESS IN PNG

Image
  It is easy to register a business and get your IPA certificate on the same day! And you can apply for IRC TIN on the next day. You can wait for 1 week before obtaining your TIN, and proceed to open your business bank account with a commercial bank of your choice. SIMPLE! (But what is so important is: why you really want to register a business name. You must have a compelling reason to register and start a business. This very reason will be the driver of your business into the unknown future.) These are the simple steps: 1.        IPA Online Registration Open an account with IPA Registry Service. Click on this link: https://www.ipa.gov.pg/Index.aspx . Once you create your account you can then register your business name. The fee for business name is K150, to be paid online (if you have a Visa Debit Card). Business name registration is same day. For company registration, fee is K600 plus K50 company name reserve (Total is K700). Fees are payab...
Post a Comment
Read more

SIMPLE FINANCIAL PLAN (MODEL) FOR SMALL BUSINESSES (UPDATED VERSION 2023)

Image
This EASY-TO-USE Excel Spreadsheet Financial Planning Model is an updated version of the old 2021 version. The tool is designed for STARTUP SMEs in PNG who have no prior knowledge of business accounting. Very easy and simple to use! All you need to do is to follow simple instructions and input data on the data entry sheet (in yellow), and the rest of the sheets will be automatically generated for you. Once you're done with data entry, you're ready to print your projected financial plan comprising Initial Startup Cost, Sales Projections, Income Statement (P&L), Cashflow Statement, Balance Sheet, and Break-even Analysis! If you have all the required data, it should take you less than 5 minutes to do all your financial projections. Remember! Garbage In Garbage Out (GIGO). Put credible values only! ALSO, we provide the following services at very affordable prices. Should you require, contact us: > Business Plan and Profile > Financial Plans for Small Businesses > Sales...
Post a Comment
Read more
Image
 We are professional Small Business  consulting specialist. We are based in Gerehu Stage 2, Nigibata Rd, Port Moresby, We have served over 500 clients in PNG since 2021. Our services include: business plans and profile, project proposals, sales proposals, cash flow and financial projections, customized business templates, IPA business name and company name registration and updates, IRC TIN registration, SME bank account opening, SME loan documentations, business coaching and training. Call us today.
Post a Comment
Read more
Image
We are professional Small Business  consulting specialist. We are based in Gerehu Stage 2, Nigibata Rd, Port Moresby, We have served over 500 clients in PNG since 2021. Our services include: business plans and profile, project proposals, sales proposals, cash flow and financial projections, customized business templates, IPA business name and company name registration and updates, IRC TIN registration, SME bank account opening, SME loan documentations, business coaching and training. Call us today.
Post a Comment
Read more