Profit and loss statement: how much your business earns
Every businessman wants to know his profit and manage it. A tool called the income statement (OPI) helps to calculate it correctly. We tell you what it is, why it…

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5 ways to make your business financially sustainable
The financial strength of a business - like that girl from the 2000s memes - is hard to find and easy to lose. Especially if you don’t know what indicators…

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Most Effective Methods
Three main rules First of all, let's look at three rules that you need to keep in mind when looking for the right channel to promote your business. The cost…

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What is microbusiness
Starting your own microbusiness is much easier than it sounds. Whether you are making jewelry by hand, printing something for sale or sewing, half the battle is already done. It…

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Tax-free transfer of property in business: which instrument to choose?
Why might a tax-free transfer of property be required? The change of ownership of property by concluding a sale and purchase agreement is recognized as a sale and entails the…

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business

Inheritance of shares in LLC

Shares in an LLC are inherited in the standard manner, like other property, including by will, inheritance contract. At the same time, partners often discuss what rights the heirs will have, whether they will be able to enter the business on a full-fledged basis and whether they have enough competencies and life experience to participate in decision-making.

We propose to figure out whether it is possible to restrict the entry of heirs into the business and how to provide guarantees for both the heirs and the remaining partners. Continue reading

10 mistakes entrepreneurs make in purchasing

Procurement is not only participation in tenders, but also simply the purchase of goods necessary for a business. Purchasing departments or managers play an important role in a company’s business processes. And this area requires strategic planning. We decided to translate the material of European buyers about the most common mistakes in this industry. The information will be useful for Russian entrepreneurs as well. Continue reading

Auditor VS Management company: when which instrument to choose

Let us recall that in addition to the general meeting of its members, the board of directors and the director, the structure of the company’s management bodies can include the Auditor, whose importance for the founder of a medium-sized business has been undeservedly forgotten. But it is precisely the Inspector who can become the eyes and ears of the owner, controlling the activities of a team of hired top managers.

Often, the owner of a business, and even more often the owner of several businesses, thinks – it would be good not to take part in the current operational activities, entrusting routine processes to hired top management. Continue reading

Internal IT: development and maintenance of software in the group of companies
Quite often, we see an “internal IT company” in the business structure, which performs a different range of functions - from developing on the 1C platform or writing proprietary warehouse…

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The first rule of building a group of companies without signs of artificial fragmentation
Let's remember what we know about business processes? They have a beginning and an end, that is, they have boundaries in time. There is an “exit”, to which a unique…

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The second wave of coronavirus: what should businesses do?
More than half of entrepreneurs have not yet recovered from the first wave of coronavirus, and experts are already predicting a new outbreak. We tell you whether it is possible…

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