Microcredit are small loans offered to humble people with low income or with low resources as currently used since a while ago to support the new entrepreneurs to carry out their business ideas. Make it possible for people without resources to finance a labor project that contribute a few incomes and also a new way of survival, is a very important part of microfinance.
Today, as we have said, is a possibility offered to micro (legal person, with less than 10 employees and turnover typically less than half a million euros) and entrepreneurs or self-employed with annual incomes below 60,000 euros, although this may vary depending on who offers this amount, in fact often used even before the creation of the business and have income. Read the rest of this entry »
Action learning is a very interesting mode of learning, as it consists of “learning by doing”, what in business means learning how to do business with experiences of specific cases and assigned challenges, learn while doing.
In business, the action learning has four essential elements:
- Create an experience that involves a challenge, with tasks that go beyond the daily activities
- Reviewing the experience, review the results to analyze what went right and what went wrong in both the process and the results
A key aspect to carry out effective financial management within the company, no doubt lies in the ability to anticipate and identify potential liquidity problems that could come to arise in the business.
It is that ultimately, the identification of potential cash flow problems, before they occur, provides us with the necessary information to prepare the business in order to face them, and at the same time to avoid financial crises, which may even be irreparable. Read the rest of this entry »
The marketing plan is the documents that defines the business goals in a structured and devise strategies and actions to achieve these objectives in a given period of time. The document is very important as it provides a clear view of the situation of the company and the objectives to be achieved.
The stages of the marketing plan are:
- Analysis current situation (analysis of general conditions, competition and company)
- Diagnosis of the situation (inconvenience, opportunities, etc.)
- Creating goals (achievable objectives, sales targets, market share of ROI and more)
- Defining the strategy (price, promotion, distribution, location, product or service)
- Action Plan (what is to be done and what marketing activities will be used)
- Calculation of the budget (which has and which is required)
- Monitoring and analysis plan (taking reference numbers)
- Executive Summary (with conclusions).
When buying a business no matter its activity, the key step before the conclusion of the sales contract is the evaluation of goodwill. What element should be taken into account to evaluate? Why?
The first things to consider are subjective, they are based on the location of the business (busy area or not), the customer, the value of the goods, the supply and demand … all these factors to assess the future turnover that the buyer could achieve. It is well to trace the past 3 years to get an idea of the numerical value of the goodwill. Read the rest of this entry »
Nobody wants to attend long boring meetings, and yet this is what most meetings are. Follow these simple steps and do a bit of planning to accomplish everything you want in a meeting without bothering anyone.
Begin by introducing who will be invited to meeting, the purpose of the meeting, topics to be covered and the information to be collected and disseminated. Have a specific goal for the conference. Establish a key outcome of the meeting. The ultimate goal would be a brainstorming session for example. Read the rest of this entry »
Management companies know they use to collect delinquent debts something illegal techniques yet effective for them, the truth is that this is not the best way to collect debt, or moral level and a practical level. A person either can or can not pay, he will feel more inclined to pay a person that makes him feel good that a person who harass and embarrass him.
How to collect debts and how to deal with the debtor
At first, it should be clear what is going to say, when and why, we must manage the conversation with the debtor, taking into account the desirability of why the debtor must repay the debt. Read the rest of this entry »
Creating and maintaining a business is complicated, and more if the aim of this company is successful at all levels. Companies are composed of many elements that are important to pay attention, considering the short, medium and long term.
Sometimes a lucky break can make a success of the company, but do not wait for that lucky break; you should only work to obtain the targets that are claimed.
When it is a family business only two things can happen: the company does well and stay in place until the new successor to takes it over or to become a great company. And is that who is considering a family business should not think that will fail or that their successors do not take it. Read the rest of this entry »
Although the math can be easy, earn more than you spend, the reality is not simple. You have to know how to make money in the company to get a good profit margin that allows carry it out successfully.
Companies are born to make money, this is the first goal of their operation but there are other, so we also need to think about making money. Read the rest of this entry »
When do specific work groups, or for certain things, the question arises of how they will make the groups. Is it a good idea to unite people who know more, or is much better to try to bring together people who hardly know?
- Through roles. Groups can be made taking into account the roles occupied by each of the persons, or those who can occupy within the group, trying that in all the groups find all the rolls that are needed. A group needs a leader and need other roles, depending on what is being created.