Financial health of a business: 9 indicators for a check-up
It happens that a company looks successful, healthy and rich: every month it opens a new branch, hires two thousand employees and does not leave the front page of Forbes.…

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How to get a tax deduction
Mortgages are now in great demand and many banks offer borrowers different conditions. It often happens that you take a mortgage at one percent, then time passes and another bank…

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Management company for business: opportunities, options and risks
The inclusion of a management company in the legal business model is a common phenomenon. As a rule, the management staff of a business is one and it is impossible…

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Fitness tax deduction
All citizens who are actively (and not very) involved in fitness and sports now have the opportunity to return part of the money for paid classes. The thing is that…

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3 business analysis questions
Planning is the foundation of any business. Individual planned indicators or industry averages can be used as base ones. To understand whether the intermediate, final performance indicators for the reporting…

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currency agreement

How to get through the off-season without cash gaps

In the spring and summer, the company had strong sales, and in late autumn, winter and early spring it had to take out loans and overdrafts. They figured out how to fix it, and in just three months they assembled an airbag for six months.

Our hero company is a manufacturing and construction business. Demand directly depends on the work of construction sites, therefore, as soon as they start active work, the company starts earning. And when the construction site freezes, the company takes loans and credits. This went on for 7 years – during the idle period, the company took loans, and then in the season paid them and interest. Continue reading

When you can’t do without an agency agreement

We have repeatedly talked about the pros and cons of an agency agreement (see, for example, here), pointing out the need for a deliberate approach to the use of the tool, having a strong justification for the business purpose. Indeed, as practice shows, the use of the agency model of building relationships in a group of companies is mentioned in more than 10% of all cases related to the artificial fragmentation of a business.

However, there are situations when the specifics of doing business and the industry do not leave a chance to avoid an agency agreement. Continue reading

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 to monitor and what to work on in these “difficult relationships”.

Someone thinks that if he just covers his expenses and does not allow cash gaps, then he is quite well on his feet. But it’s not that simple. For a company to be considered financially sound, it must easily adapt to a changing market and grow in profit and capital even during the shake-up. Our five-step guide will help you achieve this. Continue reading

Operating leverage: what happens to profit margins if revenues fall. And if it grows up?
Usually business owners are interested in two interrelated indicators: revenue and profit. Revenue shows how much the company earned, and profit shows how much is left after deducting expenses. Most…

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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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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…

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