Choosing a bank for business
The choice of a bank for business in Russia is one of the key problems faced by legal entities (LE) and individual entrepreneurs (IP). All businessmen are looking for a…

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What is a debit and credit balance
“Debit and credit” is perhaps the most famous accounting phrase that even those who are far from the topic of finance know. But do you understand what it is, and…

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How to sell an idea
Inventors and creative business people are always coming up with new business ideas or developing products that make life easier. It is important to know how to protect and sell…

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How to sell an idea
Inventors and creative business people are always coming up with new business ideas or developing products that make life easier. It is important to know how to protect and sell…

Continue reading →

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How to evaluate workflow improvements

In order for a business to remain competitive, its work processes (both production and financial) must be constantly improved. For this reason, there is a need to evaluate the results of such innovations. As the saying goes, “you can’t improve what you can’t measure.” To solve the problem, the business must develop metrics for the measurable components of business processes and organize the collection of analytical data before and after innovation. The subsequent analysis of the indicators will allow us to conclude how effective the changes in the processes were. But you need to start by choosing the most important indicators for your business processes. Continue reading

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

What is a debit and credit balance
“Debit and credit” is perhaps the most famous accounting phrase that even those who are far from the topic of finance know. But do you understand what it is, and…

...

How to become rich at a young age
If a person wants to become rich, then he will have to work hard, plan things wisely and put aside savings at any age, especially in his youth (of course,…

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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…

...