Motivation problem
The problem of staff motivation is still popular, but is increasingly losing its relevance. The modern practice of personnel management increasingly connects the effectiveness of employees not with the psychological…

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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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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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business is the improvement

The Great Crises: The Great Rise of the 1850s

The economic recovery of England had a beneficial effect on the countries of Europe. From the middle of 1849, the industry of Germany and France began to operate. At the end of the year, a general revival of trade began, which many bourgeois naively perceived as a result of the restoration of order. With the advent of 1850, the situation improved even more. A period of unprecedented economic growth began.

The textile industry was the first to enter the recovery phase, while the heavy industry experienced signs of recovery much later. The construction industry followed her. Accumulated inventories were eliminated. The fall in raw material prices has facilitated a reduction in production costs. Throughout the world, the crisis has brought down wages. In Europe and the USA, compared with England, industrial development could accelerate due to revolutions that changed social relations or a large influx of immigrants. Continue reading

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 various development scenarios: optimistic, pessimistic, and most likely. Budgets do not prevent unforeseen situations in the future, but budgeting allows you to prepare for their solution.

Budgeting is a derivative of the goals and objectives of the company. Therefore, ensuring the connection of the company’s goals with financial planning and budgeting is an important task in the process of setting budget management in the company. Budgeting goals in a particular company can be determined only after setting the goals of the company and determining the direction of the company’s movement in their business. Continue reading

Why and who needs financial analysis

Defining the boundaries of financial sustainability of enterprises is one of the most important problems in a market economy. Inadequate financial stability may lead to a lack of funds to finance current or investment activities, while excessive financial stability will impede development by increasing the terms of capital turnover and reducing profits. Justify the parameters of such sustainability allows financial analysis. It not only provides an opportunity to judge the situation of the enterprise at the moment, but also serves as the basis for developing strategic decisions that determine the prospects for the development of the company. Continue reading

General algorithm for work to reduce costs
This algorithm is universal regardless of whether the cost reduction is carried out as a one-time project or as a regular process; the difference will be in the intricacies of…

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HOW TO BUILD A FINANCIAL BRIDGE IN CIVILIZATION
Strange creatures are people ... They always want what is inaccessible. And when at last there is an opportunity to get what you want, interest instantly fades away and it…

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Financing risks in theory and practice
When deciding on raising funds, the financial director should take into account what the bulk of the company's fixed costs are connected with and what is the situation with interest…

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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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