Practical aspects of accounting for business combinations in the fuel and energy sector
A contribution is any economic resource that creates or can create returns as a result of applying one or more processes.A process is any system, standard, protocol, agreement or rule…

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Surrender of dreams
My friend Svetlana is 53 years old. She became a small entrepreneur in 2007, when the President established a new professional holiday - Day of Russian Entrepreneurship. For 9 years…

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MYSELF MBA: MAIN PRINCIPLES OF BUSINESS
Josh Kaufman worked at Procter & Gamble and was considering whether to go to business school to help his career. The prospects after receiving an MBA were vague, but student…

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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

What debts are not written off in the bankruptcy of an individual
We hope that today business owners have no illusions that they are liable for the obligations of their company only to the extent of their contribution to its authorized capital.…

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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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What is offshore, onshore and midshore?
If you have ever created a business on your own, from the zero cycle, then you probably took into account the different possibilities for the place of registration. This usually…

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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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