Turn your dreams into reality with the FREE Business Breakthrough Starter Kit—available now at mommynegosyo.com!In this episode, we talk about what changes when your business starts to grow and hire people. As a sole proprietor, you don’t receive a formal salary — but once you bring in employees, you’ll need to register your business with government agencies like SSS, Pag-IBIG, and PhilHealth. That’s when salary expenses officially begin to appear in your books. We also dive into the importance of keeping your banking simple. Building a good relationship with one bank can go a long way in helping your business grow. It all starts with small, consistent actions — like opening a savings account — and nurturing that connection as your operations expand. Join us to learn how understanding the basics of business registration and banking can help you manage growth with clarity and confidence. Tune in now!Highlights of the episode:- Starting as a sole proprietor: Learn what it really means to work for yourself and why you don’t have a formal salary in the beginning.- When salary expenses begin: Understand when your business starts having salary expenses and what triggers the need to register in government agencies.- Building a bank relationship: See why having a good connection with one bank can make managing your business easier.- Keeping business simple: Learn why simplicity helps you focus on what truly matters as your business grows.Who is Mommy Negosyo?Myrna “Mommy Negosyo” Tam-Natividad is the first-ever Female Entrepreneur of the Year Awardee of the Department of Trade and Industry in Zamboanga City for 2017 and the prime developer of Grow Your Business, Pinoy! Roadmap® (GYBP! Roadmap®). She was also chosen as one of the 100 Most Influential Filipinas in 2018 by the Global Association of Women called Filipina Women's Network based in the US.Empowering 10,000 Pinays like you to become successful business builders!Connect with Mommy Negosyo:Instagram – https://instagram.com/MommyNegosyoFacebook – https://www.facebook.com/YourMommyNegosyo/Purpose Driven Business Builder Facebook Group – https://www.facebook.com/groups/purposedrivenbusinessbuildersGrow Your Business Pinoy Facebook Group – https://www.facebook.com/groups/GYBPMovementYouTube – https://www.youtube.com/c/MommyNegosyoTikTok – https://www.tiktok.com/@mommynegosyo#MommyNegosyo #businesstips #PinoyBusinessMentor #businesshacks #StartABusiness #NegosyongPinoy

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“What did the council decide on item 42?” — answered with the speaker and the moment.

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