The concept and tools for assessing the value of money over time
Financial management requires the constant implementation of various calculations related to cash flows in different periods of time. The key role in these calculations is played by the time value…

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The main components of self-management
Self-education has as its goal the acquisition of knowledge and skills necessary to improve the quality of life. Self-education is an independent increase in knowledge, exaltation in mastery: the more…

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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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OWN HANDS

About running rabbit
“I can not afford a week of vacation – the company immediately loses important contracts and is late with deliveries to the main customers.” “I can’t bring the company to the international level – in our country this is now impossible.” “My employees don’t know anything, we have to work with them.” What do all these cases have in common? The fact that the business owner himself acts as a stopper for the development of his own company.

Maxim is the owner of a large company with 234 employees and three large offices. He built the business himself, growing it from a small company into several workers, which were inherited. Having successfully coped with financial crises, Maxim reached a stable level of orders for existence. However, he could not say that he was satisfied with his business. On the contrary, every year he sank deeper into despair and felt driven into a dead corner. 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 clear that it is not worth talking about it in detail. In addition, I already wrote about profit in several articles, but have not yet written about it in detail. But profit is the main criterion for a successful business. There is profit – the business exists, there is no profit, and the business quickly disappears.

Introduction.
But thinking, I realized that the reader is right. A story about efficiency will not be complete without fundamental definitions of profit. And further, scheduled for writing, articles on the economy of small business will always be based on the concepts of profit. Therefore, although belatedly, this article appeared. Continue reading

Favorable loan - how to get a loan and not lose money.
To begin, I would like to return to the definition of a bank loan. The simplest, and most common definition, loan is the amount of money borrowed by the borrower.…

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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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