Why is there a need for an effective credit policy?
Due to the high level of competition in the food market, the situation is such that, in order to increase the attractiveness of their products, enterprises are forced to lend to wholesale operators, and those, in turn, are retail stores. As a result, a significant part of the company’s current assets is always concentrated in accounts receivable for work, goods, and services.
Enterprises have to increase accounts receivable in order to achieve their economic goals, which can be expressed using the absolute financial indicator – “Net profit” and the relative indicator – ROCE (return on capital employed – return on working capital). Both indicators characterize the effectiveness of the enterprise, which is expressed in the fact that the organization “does what it needs to do properly”. Continue reading
It is clear that in the total wage that the employee receives “on hand”, there is some basic basis, let us call it the salary necessary for a person to be able to satisfy his primary needs. There is even such a term – the minimum cost of living. The relevant authorities recount it and publish it on a quarterly basis. In the Tomsk Region, for example, it amounts to 8,815 rubles in the third quarter of 2014. At the same time, this indicator serves as a signal beacon for entrepreneurs in determining the minimum wage.
In our calculations today, for the minimum amount of labor, we will accept 10,000 rubles and deal with how much the employee will receive “in his hands”, how much the regional budget and various funds, and in general how much one employee “costs” for business . To begin with, we will make it clear that 10,000 rubles is the so-called accrued wage, which is divided into two parts. The employer is obligated to transfer 13% of it to the regional budget as a tax on personal income (PIT). The remaining 87% is the real income of the employee “on hand”. Continue reading
The Endorfin team has remained stable all these four years: the three founders of the company continue to develop their business, chief barista Anna develops new tastes and trains staff. The staff turnover, according to Valentine, is natural. Someone graduates and leaves Tomsk, someone starts working in their specialty. There are those who, having accumulated start-up capital, start their own business. And some remain, simply because coffee is interesting.
numbering-mal.png “Endorfin” depends on the weather
– Our coffee house offers alternative methods of preparation (Kemex, Pourover, Coldbrew) and signature coffee: there is lavender raff and honey-ginger cappuccino, there is latte on cedar milk and pink men’s latte. And we also have a very important atmosphere, contact with the barista, in general – when the party and taste attractions begin. While we are not going to change our business model, it is quite dynamic at the level of Russia and even the world, ”says Valentin Kasitsky. Continue reading