Same as monitoring your cash flows, observing discipline on keeping  your net worth on the right track is very important. Here’s how to manage your net worth with the help of Citibanks’s help guide:

• Your net worth is your total assets minus your total liabilities or debts. List your asset at their current market value and show any related debts under liabilities.

•  It would be best to calculate your net worth once or twice a year, or when making a major financial decision-especially since your investments fluctuate in value.

• It is important for you to know how to value your asset. Engage the services of appraisers and other professionals, or check newspapers for information that can help you value your different assets.

• it is important to have a realistic picture of your financial position so you can start making positive plans for the future.

I want to impart you guys what I’ve read on Citibank, this is about managing your cash flows and how you’ll be able to manage and maximize your finances. Here’s what I’ve read:

• Always have an accurate idea of your cash flow and/or net worth before setting your financial goals. (this is very essential for those who want to take risks in business. Before you unleash money, make sure that you know how much exactly your money and your net. Think if its enough and if your other expenses will not be affected.)

• Review your cash flow each month. When you see the monthly pattern, do it annually. If your cash flow is not a positive figure it is better to reduce your living expenditures until there is a surplus available, rather than financing shortfall with loans. (In more shorter explanation,were in financial crisis, manage your monthly income, expend it on important things…only.)

• DO NOT view savings as what is left over from your daily expenses but rather, treat this as a monthly living expense to ensure that your continually building surplus for investments.- (Also, do not include the left over money from your daily expenses in your own savings. Set it aside. Save the left over money each month and use it from buying extra things that you are dying to buy.)

Effective customer service is significant in any business, it attracts more customers and money of course.  When a customer is satisfied with the service of the store for instance, he/she will pass it instantly to others which is great.

The Philippine Trade Training Center is  inviting all small/big time businessman to attend their seminar on Good Customer Service that will be held twice this year.

Part of the discussion will be the following:

• Your organization’s corporate image
• Understanding your customers
• Communication: A key to effective customer service
• telephone Ethics
• Handling customer complaints and inquiries
• Achieving customer satisfaction

The seminar will be on May 26, 2009 and on August 12, 2009 at the PTTC Center, Pasay City (beside World Trade Center).

For inquiries, please contact:

Ms. Susan Bellezo at 468-8962-70 or e-mail her at tbmd@pttc.gov.ph, info@pttc.gov.ph. Or visit theri website www.pttc.gov.ph

The MBCI and the Network for Enterprising Women are inviting all businessmen and those with entrepreneurial aspirations to visit New Business Expo on May 29-30to be held in Market! Market Bonifacio Gobal City, Taguig.

The even aimed to gather all businessmen under one roof whose goals may be to start a business, find a business partner, expand their network, or simply to shop. There will also be livelihood seminars and business consultancies.

Anyone in the business of Franchising, Dealership, Health and Beauty, Real Estate, Caterings and Finance may join the event.

For those who are interested, you may register through www.mbcievents.multiply.com. For those who does not own a website, actual presentation of products were asked.

You may contact Ms. Myren Garcia at at 710-3711 or 0917-5408697 / 0922-8821075 for more details.