Simplification of the business structure: 5 reasons for enlarging a group of companies and 6 reasons not to do this
Structuring a business is usually associated with an increase in the number of companies in a group. There are many reasons for this. There are even more solutions to isolate…

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How to register a company in Singapore?
The answer to the question of how to register a company in Singapore can be both simple and very ornate. In the first case, it will look something like this:…

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We fix the agreement of the Founder of the business and a third-party investor
The risks posed by the lack of proper regulation of relations between business owners have been devoted to more than one issue of our newsletter. As well as the methods…

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we know the estimated

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 various fields, as well as two educational institutions and one spy agency.

No one is safe from mistakes
A list of errors has been published in modern spreadsheets that caused the most damage to the organizations to which they belonged. According to Oracle, which compiled this rating, multimillion-dollar losses can cause one single mistake made in a multi-page document – even the absence of just one “minus” or an extra zero can lead to very serious consequences for both business and the “author “Errors. Continue reading

Five wallets.

Structural and analytical management method (continued)

So, we said that at the start of a business, while the revenue side is still not too large, current expenses usually exceed 20% and can reach 1/3. But by no means no more! Then, as revenue increases, the share of current expenses decreases and in some cases it can be 10%, which I have met in my practice, but very rarely. Most often, a stable business has a structural value of current expenses of 12.5-15%. And we settled on the fact that in this situation, there is very little left for development, with the desired share? of this wallet at 20%, we can afford only about 7% or 1/15 of the created value.

This, of course, is not enough. With this wallet size, we will return our investment 10-15 years. And this is the prerogative of large business and large investment projects. In a small business, the invested funds must pay off in no more than three years. Otherwise, the project should be recognized as ineffective and abandoned. A lot of entrepreneurial undertakings fell apart precisely because of neglect of this requirement (payback period). So what can you do to make the project pay off in a short period of time if there are not enough funds in your wallet? Continue reading

I WAS IN BUSINESS BECAUSE…
Recently, we shared the main ideas of a video in which a successful American entrepreneur and blogger Patrick Beth-David talks about his mistakes in business. If you have not read…

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Where to get money for business
Part one, the beginning: what to do business. A story through the prism of Madrobots history Alexander Gorny promised to talk about my Telegram channel in exchange for a story…

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HOW TO CREATE A SUCCESSFUL BUSINESS
Quite often, reflecting on the future field of activity, we do not think at all about those skills that are already given to us easily. Human psychology is such that…

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NEVER BE ALONE: MAIN RULES BUSINESS NETWORKING
Business conference. A lot of people in business suits. Everyone exchanges business cards and “shoots” their eyes on the sides in search of “large fish”. Surely such a picture appears…

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