we know the estimated
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
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