IDEA FOR BUSINESS: PERFUMERY STORE
A perfume shop is a sales outlet where perfumes, colognes, toilet water, etc. are sold. What needs to be done for an entrepreneur who has decided to create such a…

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BUSINESS ISTIN FROM FOUNDER IKEA
IKEA is a Scandinavian company that, over more than 75 years of existence, has changed not only the retail world, but also the approach to the lives of millions of…

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"Natance" business
About 15 years ago, Alexander Loginov became interested in dancing - the then very popular hustle direction. The students found it themselves: several guys, seeing how Alexander and her partner…

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gross profit

“Effective credit policy of the enterprise”

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

12 errors in working with spreadsheets, resulting in catastrophic losses
A ranking of the largest errors in working with spreadsheets has been compiled, because of which companies suffered huge losses. The list includes both financial institutions and private enterprises from…

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"Natance" business
About 15 years ago, Alexander Loginov became interested in dancing - the then very popular hustle direction. The students found it themselves: several guys, seeing how Alexander and her partner…

...

12 errors in working with spreadsheets, resulting in catastrophic losses
A ranking of the largest errors in working with spreadsheets has been compiled, because of which companies suffered huge losses. The list includes both financial institutions and private enterprises from…

...

We fix the agreement of the owners to exit the business and sell it to third parties
Any questions regarding the conditions for participating in the business, including the possibility of leaving the business, selling a share or a business as a whole, should be discussed at…

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