Business Action Group

Archive for the ‘Business Plan’ Category

Profit, competition, leadership, entrepreneurship, productivity, innovation, risk … All these terms are part of a system called “organization” or “business” system which performs a process that enables the creation and opening of the market. And among these concepts, entrepreneurship is regarded as important, because it depends on the articulation of the process, the direction of the system and the actions that lead to productivity and profit.

Corporate action and results, which become entrepreneurship, depend on the agent called social entrepreneurs. And is it economically important in an organization, not production, but the entrepreneur’s ability to generate business opportunities and foster innovation. It is the job of the employer to determine where there is a business opportunity and analyze the factors that define these opportunities as good and viable. To understand this phenomenon is to assess the expectations, levels of uncertainty and risk, have intuition, to anticipate future possibilities and surprise factors, make decisions in relation to them and present reality, be clear about the investment, advantages, disadvantages and projected earnings. Thus, the agent of the evolution of a company is the employer because of his vision, ideas, skills and actions depend on the establishment, development and progress of the organization.

Thus, the entrepreneur is part of the formation, consolidation and development of the company in the market, according to current needs, which implies risk to change, bet on innovation and know when to do so and know what aspects to enhance the organization. It is here where the businessman with his strong instinct for perfection away from the Read the rest of this entry »

Many companies are now overwhelmed by the amount of unpaid debts of their clients. Even those who are behind always paid on time, often a domino effect with its own debtors. Not only is the impact on cash, but also risk losing the final total amount of bills, much higher than the margin that it could win.
We present here some guidelines to reduce outstanding:

1. Have a day reconciliations of clients:
It is clear that if the reconciliations are not current, the information is not reliable and people will lose valuable time to determine what is really up. It seems obvious, but many companies these data are not current.

2. Make an inventory of the customer up and regularly review:
The management information system, its configuration and the actual use made by people who have accounts can make a big difference between a list of unpaid very difficult to read and a real working tool. The ideal is to get a list of customer balances, with the vanquished by age, and the explanations to date. Many computer systems allow you to update comments so we can know at any time the unpaid position of a client. It is vital to know the reason for nonpayment. Read the rest of this entry »

The neoclassical theory of the firm on the fact that the entrepreneur seeks to maximize his residual interest, their benefit. This is subject to revision due to contributions from modern financial theory of the firm, which argues that the objective of the company can not only be the creation of shareholder value through the development of a set of activities where operating costs are lower than the price that the market is willing to pay for your products or services.

The company’s goal is to maximize the combined wealth of all holders of property rights on goods available to the company. This maximization of shareholder wealth is achieved by maximizing the value of the company in the market.

The current goal becomes the creation of wealth and income-generating potential in the future. The facts that have been revised in the concept of profit maximization as a fundamental objective are:

Distinction between accounting and economic benefit.
Separation between ownership and management in the company.
Concept of “satisfaction” Reaching a certain height is considered satisfactory results without pursuing necessarily the optimal outcome (Simon).
The Equilibrium Theory in the organization.

The location of our business, not only responds to the location of our customers, although it is the principal. Other factors to consider for selection. Many people want to have around the house or business to locate in a neighborhood where they know or are known. In order to “consider safer,” they both goods.

Some questions that will help us better understand what factors must be considered for the location of our business, could be:

Are there industries Nearby
Are there any council tax benefit?
What is the population close to my business?
Is there public transportation?
Where is my competition?
Are there companies that do the same and could be considered superior? o Lower?
Is the location of my business has a parking lot?
Is it easy to enter? Is there too much traffic?
Is it visible my business?
Is the location of my business is in line with local businesses?
Am I the only business dedicated to this shift in the area?
Can I stay there for several years?
Do I have close to a police station, fire stations, hospitals?
Can I find employees to work with me? Read the rest of this entry »

Investing in real estate or real estate is an investment alternative which is to buy a property as a house, apartment, commercial premises or land, then sell it or rent.

By investing in real estate you acquire a property to expect rises in value and then sell it to rent it immediately, to repair or remodel and then sell it or rent, or build (if you have acquired land) and then selling or renting.

Investment in real estate is for many experts one of the best investment alternative, since it allows one to easily acquire an asset depreciates, which will probably increase its value and, in some cases, can be rented at a good price.

In other words, it considers the investment in real estate as an investment, low risk, safe, and profitable.

Other advantages of investing in real estate is the few skills that are required when investing, and the relative ease in administering the investments, unlike, for example, investing in the stock market.

However, unlike what many think, invest in real estate investing is not easy, as well as the need to have a good capital to invest, it is necessary to have knowledge and good preparation that allows a know, for example, choose either the property, how financed, and ensure that the property will increase in value over time or you can rent it all year round.

In 2006 I read in the Spanish media about the alleged embezzlement of two philatelic organizations. Again I was reminded of my professor, D. Solano Manuel De Haro was born in Ronda, chief executive of Banco de Bilbao, Chartered Accountant, Doctor in Economics and Professor of Financial Management Course of Business fifth. Twenty-five papers present analysis made us write this good man in his subject (thanks to my fellow group by the exquisite and laborious documentation). One study was indirectly related to the vulnerability of the small investors to the stock of fraud and corruption. His classes were practical, hard metal (I had to speak with a special microphone near your throat) Serve this post as a tribute to your memory, Manuel.

I have also refreshed the course on “Productivity and Economic Growth”, organized by the Savings Banks Foundation and directed by D. Victorio Valle, held in Manchester in September last year. Specifically, a presentation on the new funding entities ” on line and the alleged risks that could run the small investor. To a specific question from a participant, the speaker replied that, when in doubt, invest only economic quantity, some bad, we can return the Guarantee Fund the administration has for these purposes. Finally, I had in mind some of the recent financial fiascos important to investors and consumers that came to light (Gescartera, Opening, etc.)..

Donald D. Rugg (recognized expert on mutual funds and other financial products), we already said in 1986 that there are nine main reasons why investors, especially small ones, often make unwise decisions: 1. fail to develop a successful strategy 2. excessive or insufficient risk-taking 3. make a poor selection of investments; 4. do not choose the right moment to act 5. diversification of their investment is not adequate, 6. pay high transaction costs; 7. have bad advisers; 8. fail to control their emotions, especially greed and fear, 9. pay too much tax.

Almost twenty-five years later, most of these reasons are still cutting edge. The typical small investor has no knowledge, time or the desire necessary to avoid falling into such errors. My aunt, my brother, my mother, my brother-etc. have some money, and believes the story of the multiplication of the loaves and fishes and revenue easily have told (or emotionally blackmailed my seniors). I, the apprentice smarty financial (or an economist, or administrative or middle management, commercial, etc..) In my social sphere of action administering or advising collaterally, without liability and without preparation (or hard-sided) , huge capital, it can be one of many ways to start the story pyramid. And here we have this huge bag allegedly swindled more than 400,000 “? So many stamps there?, “Guarantee Fund covers this situation? The story can be repeated once more (and in this case would Gescartera multiplied by ten). Finance also has its dark cycles on your face how right he was Manuel!

- Booking of your time to work and set times for your customers attention. The customer service is very important, but if not careful can “steal” all your time. You can spend an entire morning in response to your customers and not working at all.

Each call or visit is, in many cases, loss of concentration and probably leave the task you were doing to do something totally different. The best times to work are the first in the morning, until about ten o’clock.

- Get a schedule and stick and not overwork. Remember you’re not a machine, you also need rest.

- Get up early. This is a very subjective opinion and is related to the previous two. The first morning, except that there is no one to distract you, are what the mind is more alert and the job gets done much faster. As I say it is a personal opinion I’ve formed over time.

- Rest one day a week. Even if you think you do not need a change of scenery is very convenient. Clear your mind and relax from time to time will help you face the problems that will surely arise. Read the rest of this entry »

Control your time if you are an enterprising course

The importance of time investments and how to optimize, improve and make more of it. My day is reduced daily work in an office, to continue my business, look for investments, go to college and study, spending time with my family / girlfriend and finally devote some time for me where I can read or do just what you want .

With all the activities previously mencioanadas many think it is impossible for me every day, but you eventually learn to control and optimize it.

Today I came across an article on a blog called Nideaderedes that I really liked about the time when entrepreneurs are some basic tips but quite interesting, especially for the businessman and entrepreneur today.

For an entrepreneur one of the most important assets and scarce is time. Proper time management can make the difference between success and failure (obviously not the only factor). Here are some tips that I think can be very valuable: Read the rest of this entry »

Questions for the future. According to experts we have consulted, you have to ask questions like: What do I do, for example, if you change the protocol technology in my field when I mounted my company and I have a couple of years on the market, I have not yet entered in the black and I do not circulating to make an investment that will allow me to adapt to this new technology? In theory, if you’ve developed a good business plan, these experts agree, you should have a contingency teniedo account of this kind, and you should have calculated an emergency fund.

“Let your customers do not get paid … Do not put in your business plan you’re going to collect cash! Fixed percentage of defaulters. Keep this in mind before starting your business, “said Bieto.

Blaming others. “Threats” says Oscar Sanchez, consultant TechSales Group-defined as any environmental force which can prevent implantation of a strategy, or reduce their effectiveness, or increase the risk of it, or resources required to implementation, or reduce expected revenues or profitability. Read the rest of this entry »

Not everything in life is an investment and somewhere you can see how starting a venture investment. It all depends on how we face the business and the objectives we have in mind, be self-employed or owners thereof.

You learn a lot from them and I always say that one of my ventures was so productive that I feel I did a college career, but the best in the world.

For those entrepreneurs found the following web site is a introduction Entrepreneurs that a number of issues that I will put here on the forum. The links are kind of lights that tell us the various possibilities in mind when embarking.

Have you ever wondered what’s the worst that could happen to your business? And, most importantly, how did you get this question when you prepared your business plan? Well, you should have done. Launching a company always has risks, but there are some common threats that fly to all entrepreneurs. Read the rest of this entry »