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 run a garage sale
A garage sale is a good way to get rid of unwanted items and earn some extra money. There is nothing difficult in organizing a garage sale, and the right…

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How to become a marketing consultant
Marketing is the ability to tell a compelling story about products and services through words, pictures, movies, and branding. Marketing consultants (marketers) are experts in marketing who, after many years…

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How to make money without working
Agree, it would be great if we could earn money without working? While there is no one hundred percent way to get rich without working at all, there are methods…

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require serious material

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

How to conduct business process analysis

A business process is a system that a company uses to achieve a goal. Also, this term can be defined as a sequence of actions that allows you to create a product or service for customers. Managers analyze business processes to determine the usefulness and effectiveness of the process. First of all, the manager analyzes the current process. Management may then decide to make changes to improve the existing process. For example, an improved process can help a company save time, reduce costs, or create a more compelling product.

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How to Calculate the Share of Income Paid as Dividends

The share of income paid in the form of dividends is a way of measuring the share of a company’s profits that is paid out to investors in the form of dividends over a set period (usually within a year), and does not go to the development of the company. In general, old and established companies have higher dividend ratios – their earnings levels have already risen significantly, while companies with lower dividend ratios are young companies with rapidly growing potential. To calculate the proportion of a company’s earnings paid out in dividends over a given period, use either Dividends Paid/Net Income or Annual Dividends Per Share/Net Earnings Per Share, which are equivalent. Continue reading

Why does a business need a fast payment system
What is a fast payment system This is an instant transfer service from the Bank of Russia. The recipient for the transfer provides some kind of identifier. Most often it…

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Bets in the red: what can change the situation
With official inflation of 10% and a sharp devaluation of the hryvnia, the standard rates in banks on the most popular deposits today are in the range of 7.5-8.5%. Taking…

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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…

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