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…

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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…

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Women's business: gender role
At the same time, it is foolish to deny that women are more likely than men to make important decisions, ranging from the choice of food, clothing, furniture, repair materials,…

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A selection of business ideas with minimal investment
However, the majority of Russians still hold the opinion that only the elite can open their own business. There is a stereotype in society that it is necessary to invest…

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small or medium-sized

Margin Analysis

Let’s imagine that confectioner Vasya Yagodkin sells one hundred cakes with raspberries and one hundred with currants every month. Crimson ones bring him 50,000 rubles, and currant ones – only 30,000 rubles. It seems that it is more profitable to score on currants and sell only raspberry cakes. The idea is ok, but there are a few things to consider first.

Before getting rid of currant cakes, we consider how much money Yagodkin spends on production, and we see: 40,000 rubles are spent on raspberry cakes, and 10,000 rubles on currant ones. Continue reading

Tough measures or how to make adjustments to the work of the company

In response to this statement, one can object that the company is the people working in it, which means that changes should affect not only the top management, but also the rest of the links in this chain, tightly attached to the anchor going to the bottom.

The first step towards change begins with the very awareness of the problem and the need to break the habitual way of life or, as it is now fashionable to say, “get out of the comfort zone.” Often such a need arises against the background of an existing and theoretically working business plan, which, alas, does not bring the desired result. 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

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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Operating lever
Typically, business owners are interested in two interrelated indicators: revenue and profit. Revenue shows how much the company has earned, and profit shows how much is left after deducting expenses.…

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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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