Communication, management, and planning. These are three essential functions that a business must strongly possess to thrive and succeed.
Continuing its mandate to provide assistance to SIFI Livelihood-Assisted Enterprises in different Agrarian Reform Cooperatives, The Sugar Industry Foundation, Inc. conducted a Financial Planning on Mushroom Chicharon Production led by Project Officer John Cena at KAMAHARI-ABMPC, Camp Lumbangan, Nasugbu, Batangas last November 9, 2021.
The training’s goals, discussed thoroughly by resource person Gregorio Ortizo from Department of Trade and Industry (DTI) were to help the beneficiaries understand finance-related concerns of their livelihood, to help them set a clear direction and goal, to help the beneficiaries understand the inner workings of their business, and to help the beneficiaries create a financial plan related to the livelihood project of the cooperative.
[“Marapat lamang na lahat ay matuto sa paggwa at pagpaplano sa pinansiyal na usapin ng kooperatiba dahil sa ito’y napapanahon at kailangan ng maraming pag-iisip kung paano palalaguin ang negosyo ng kooperatiba,” pahayag ni Juancho Maningat, tagapamahala ng KAMAHARI-ABMPC.]
“It’s imperative that everyone should know how to create a financial plan for to the cooperative because it’s timely and there is a need for everyone to think about how to expand the business,” Juancho Maningat, manager of KAMAHARI-ABMPC, said.
Other topics discussed by Ortizo were operational plan comprising of general working hours, human resources, office requirements and assets acquisition, materials and supplies, and other operational expenses. The participants were divided into groups and were tasked to present their group’s output.
[“Bagama’t hindi na ako bago sa ganitong pagsasanay ay napakalaki ng aking natutunan dahil bilang pagbabalik tanaw sa mga nakaraang pagsasanay ay mas naging bukas ang aking isip dahil nakasalalay sa pagkatuto ang ikabubuhay at ikamamatay ng kooperatiba,” pahayag ni Bonifacio de Leola, presidente ng kooperatiba.]
“Even though this training isn’t new to me, I still learned a lot new things. Looking back to previous trainings, my mind is more open because this is where the success and failure of our cooperative rests,” Bonifacio de Leola, president of the cooperative, said.
In VRO, a Livelihood Accounting System Support Training was also conducted last November 25 and December 1, 2, & 7, 2021 for beneficiaries from Casal-agan ARC & ISARFAWA in Pontevedra, Candelaria FA in Manapla, Minuro ARC in Victorias City, Brgy. Don Jorge LA ARC in Bago City, R.A. Golez ARC in Silay City, and HECARBA & Estela ARC in La Carlota City. The training was led by short-term technical assistant Bambi Flores, an accounting officer from Negros Economic Development Foundation.
The purpose of the training was to engage the beneficiaries with the technical assistant for on-site assessment of the assisted enterprises and for recommendation of appropriate bookkeeping and recording system and tools. And also to standardize monthly income and expense recording report for SIFI.