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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How to create a business from scratch?
Therefore, it is not surprising that this idea seems like a promising undertaking for every vigorous enthusiast. However, many novice businessmen either burn out or, in principle, do not dare…

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How to become a bank manager
If banking is your industry, consider what it takes to be a bank manager. Bank managers provide daily assistance to clients, and also fully manage the staff of the branch.…

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What is net cash flow
Net cash flow is an economic indicator of the solvency and financial well-being of the organization. The result of the calculation gives management, creditors and investors a clear understanding of…

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talks about the advantages

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, if he was not lucky enough to inherit wealth). It may seem that young and famous artists, athletes and businessmen got rich by chance or simply due to their innate talents, but all their achievements are the result of perseverance and dedication. Most people will not be able to achieve astronomical success, but any motivated person can become rich in just a few years through their efforts, time and adherence to certain principles. Continue reading

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

Types of cash flows

Three types of cash flows
It is customary for entrepreneurs to divide the cash flow into receipts and disposals and compare: if the amount of expenses is greater than the amount of receipts, then the month is unsuccessful, and if vice versa, everything is fine. This is the fastest way to assess the state of affairs in a business. However, it is not the most accurate, since a lot depends on what the money was enough for.

For example, in one month they overpaid for the maintenance of the office – they updated the form of employees, but at the end of the month there was not enough money for basic expenses – salaries and rent. Continue reading

Types of cash flows
Three types of cash flows It is customary for entrepreneurs to divide the cash flow into receipts and disposals and compare: if the amount of expenses is greater than the…

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5 ways to make your business financially sustainable
Business financial sustainability is like that 2000s meme girl—hard to find and easy to lose. Especially if you don’t know what indicators to monitor and what to work on in…

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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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