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…

Continue reading →

Salary, personal income tax
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…

Continue reading →

Break even
I will begin today's conversation, it would seem, from a completely different, but, believe me, very important point. Many mistakes are made by both beginner and existing entrepreneurs when planning…

Continue reading →

entrepreneur begins

Purchasing link in a group of companies: is it necessary?

At a time when it was impossible to be 100% sure that suppliers were honest, that they would fulfill their tax obligations and not “disappear” by the time of the next field tax audit, it was very common to include “your” buffer in the group of companies, which pursued the main goal – not to allow the issues of relations with suppliers to the main operational link, whether it is the Plant or the Wholesale company.

We offer to understand how relevant this task is in the current realities, as well as in what other cases the “Purchase” link will take root in the group of companies. 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.…

...

Contribution to property has become repayable. Will he become an alternative to a loan in a group of companies
Making a choice in favor of one or another reason for tax-free cash flow in a group of companies, the possibility of their return without taxes is often a key…

...

Break even
I will begin today's conversation, it would seem, from a completely different, but, believe me, very important point. Many mistakes are made by both beginner and existing entrepreneurs when planning…

...

Features of bankruptcy of individuals
Initially, the law was supposed to enter into force on January 1, 2016, but the deputies decided to begin regulating the personal bankruptcy procedure on July 1, 2015. However, many…

...