Common mistakes made by managers
Question: “It seems to me that we have thought through the process of change to the smallest detail, but already at the first stages of the implementation of the plan…

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Buying securities on credit in five examples
Not only houses, cars and other durable goods are bought on credit. Securities are also bought on credit. They are also expensive, and lending is a natural means of competition…

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CONTROL PACKAGE: how to maintain control over the board of directors and why it is important
For you, as a founder, it is of utmost importance to maintain control of the company. Therefore, it is extremely important at an early stage to pay attention to corporate…

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Typical Budgeting Mistakes

For modern companies, the urgent task is the introduction and development of a budget management system. However, even in those firms where the budgeting process is sufficiently developed, employees often make mistakes. Therefore, bottlenecks are important to identify and correct in time.

Usually, the company faces the question: how to make the budget management system (SBU) as efficient as possible? To do this, it is necessary to find out what the budget management system is, what is its purpose and the conditions for successful functioning. A systematic approach to this issue will help to avoid many errors in the formulation and improvement of the SBU in the company.

Typical mistakes made at enterprises when budgeting can be divided into: Continue reading

Small business profit - its types and how to determine it.
After writing several articles on the effectiveness of small business, I received a letter from a reader asking what profit is in business. I believed that this question is so…

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Integration of company goals with budgeting
As a budget planning tool, managers can anticipate possible problems in the development of a company or business and find ways to solve them. These trends should be predicted in…

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Ways to improve the efficiency of small businesses.
I want to repeat this already repeatedly, that all the funds saved from improving the efficiency of all components of the production process will replenish your profits. Therefore, you should…

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CONTROL PACKAGE: how to maintain control over the board of directors and why it is important
For you, as a founder, it is of utmost importance to maintain control of the company. Therefore, it is extremely important at an early stage to pay attention to corporate…

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