loss of profit
Business financial health
It happens that a company looks successful, healthy and rich: every month it opens a new branch, hires its second thousand employees and does not leave the front page of Forbes. But then – once, and bankruptcy. This happens when the owner looks only at the scale of the company or turnover, and these are not indicators that really reflect the financial health of the business. About those – in the article.
0. Profitability
Before we get into the metrics, let’s look at the types of profitability. Continue reading
7 financial risks in business that could be worth millions
There are always risks in business, and there are many of them. Some cannot be influenced, for example, if the summer in the region turned out to be dry, agribusiness will not be able to do anything about it: the peas will dry out, the rye will not be born. But there are risks that can and should be influenced – these are financial ones.
Financial risks are all situations in which a company can lose money for various reasons: due to the carelessness of the owner, the dishonesty of the supplier, buyer, or errors in the currency contract. Continue reading
The main mistakes of businessmen
So what’s the problem? Why do some manage to run a business, while others go bust and remain in the cold? Below we will present you the most common mistakes businessmen make regarding their behavior and their way of doing business.
Satisfaction with your business
Yes, oddly enough, being content with what you have and do is a big enough mistake. Continue reading
