Archive for 2009
Tricks that will help you to make your business succeed in times of financial crisis
Everybody knows that we are living in tough times where the economy is not so stable and the governments of the world are trying to have a better control to speed up the economy. Today I would like to share with you some basic tricks that will help you to succeed in your personal business in these tough times we are living.
Nowadays is very difficult compete but is completely possible. There are several people that are aware of the diverse opportunities they can have only trying concentrate their attention in the positive aspects of the crisis. The following tricks have tested and proved for several people around the world and they highly recommend them.
- Invest in research: The most important companies around the world are reducing money from their budgets but only those companies that are aware of the importance of research have been increasing the investment in research. Microsoft is the unique large company around the world that is investing an incredible amount of money just of research. This is the unique way to innovate and compete in the forthcoming years.
- Study well your next business strategy: On the other hand, each business strategy you plan should have the sufficient accuracy so that you don’t misuse your business resources.
- Continue having control of your expenses: This is something vital, and we don’t have to talk about this issue because most of you are experts reducing expenses.
- Offer something extra: There is nothing in business that makes you more competent that offering a different thing or an extra thing. Try to make new formulas that lead you to do that.
- Attract engaged customers: Make a strategy that is efficient and you can attract customers with can have the loyalty you expect in favor of your business.
Posted in Business | 
Tags: Business, business tricks, engaged customers, financial crisis, personal business | 
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Some basic tips to keep your finances under control
For many people talk about finances control is like to talk about a mysterious expression that in many ways is becoming a challenge for common employees that probably have low levels of monthly incomes and several difficulties to well administrate their personal finances.
I have the intention to give you some important tips that will help you to take better decisions with your money as well as have peace of mind through a good control of personal finances. You and your family are going to be healthy in this important aspect of your lives. The following finance tips will help you to have a better control in your finances.
Reduce your expenses wisely
It is very important that you can reduce your expenses but not only start cutting your mobile phone invoices, your cable TV, your amusement activities or diverse things like that. It is very important that you can have under control your expenses but also you can do it wisely, only making reductions in the things you know are not going to impact negatively your lifestyle.
For instance, you are not doing anything if the unique activity that keeps you free of stress is your favorite TV cable program. But if you eliminate something that you can pay but is beneficial to keep you healthy, you are probably taking a bad decision.
Make a good budget
Have a budget is that starting point to have the best way to make a propel distribution of your money as well as expenses at home.
Keep informed
Decisions are the basis of our daily life and if you keep informed you will be able to take better decisions in the life.
Speak with your couple or family about your finances
When you are taking important decisions you have to speak with the members of your family so they can be informed about your decisions and can contribute to the accomplishment of these measures.
Economic and Financial Analysis in the company of construction materials in Las Tunas
This paper shows an economic analysis – in Financial Construction Materials Company located in the municipality of Las Tunas, it is of great importance for the province to the country for the products they offer and the services it provides.
The situation analysis was made on economic and financial data from financial statements of 2005, compared with the year 2004, assessing different rates as the reasons of liquidity and activity.
This research was conducted in two chapters: Chapter 1 Theoretical Basis, Chapter 2 Financial Analysis. And concluded that the company works efficiently in the year being analyzed but still some shortcomings which are focused towards recommendations to improve performance and progress in the ongoing struggle to achieve economic efficiency.
Introduction
Accounting has the task of providing data to the management to undertake the planning, administration and management, in addition to information to all users, both internal and external. The importance of accounting data has taken on greater weight as they have refined the theories of scientific management, which requires a flow of truthful and accurate information. The information is therefore a powerful tool of management. The intelligent use of this information will probably only be achieved if decision makers in companies understand the essential aspects of the accounting process, which ends with a final product, the financial statements and analysis of such states, to know the reality behind that information.
“… We stand for socialism can only be sustained with a state company as strong and effective as the best private companies. “
Given the above background, and the extraordinary importance of financial analysis: Is it economically efficient financial management of the Building Materials Corporation of Las Tunas?.
For a solution to the problem was to assess the economic situation of the firm of Building Materials of Las Tunas, based on indicators of liquidity and activity. The correct use of information provided by financial statements to assess the efficiency of economic management of the firm.
The work is structured as follows:
Chapter 1 Theoretical Basis: the concepts of analysis, techniques, methods of analysis and reasons such as liquidity and activity.
Chapter 2 Financial Analysis of Enterprise Construction Materials of Las Tunas: refers to the calculation and analysis of financial reasons.
How to manage change in alignment of the Personal Balanced Scorecard (BSCP) for the business organization that pretends to be intelligent?
The Balanced Scorecard is a methodology that helps organizations to monitor and control indicators measuring the implementation of strategic objectives within the financial, customer, internal processes, learning and growth.
The Personal Balanced Scorecard is about the mission and vision, with the critical success factors personal to the personal goals with the goals and performance measures personnel, the actions of personal improvement, focusing on financial stability (financial perspective ), a good relationship with coworkers, family, friends and others (customer perspective), good physical and mental health (internal perspective), the ability and capacity to learn (and learning perspective growth).
Before having a sustainable business should align the Personal Balanced Scorecard (BSCP) with the Balanced Business Scorecard (BSCE). Change in attitude will lead to individual change in the management of the organization. Resistance to change can be minimized with the individual and collective learning, in a spirit of communication, internal commitment, with inner peace, with preconceived ideas, with confidence, with perspectives and taking into account the following procedure:
1) to probe whether the staff is prepared for change.
2) Schedule meetings with your employees to effectively inform and discuss the competitive advantages of the Balanced Scorecard to align with the Corporate Staff.
3) Indicate that a change is needed and the company must be convinced of the need to align the BSCP the BSCE.
4) Explain clearly the advantages for employees if their pay is aligned with the company.
5) involving the participation of employees in strategic planning.
6) Gratifique those that produce results.
7) Provide a strong identity in the process of aligning the BSCP in BSCE so that employees feel they have a goal to accomplish.
Start with one department or business unit to assess the results more quickly.
9) Begin the process of continuous improvement of learning and growth in leadership positions and then by stages to reach the most basic levels.
10) Development of competencies aimed at creating synergy teamwork.
11) Understand the process and the result of managing the risk of BSCP alignment with BSCE.
12) Report and is the company with its competitors.
13) Explain the threats to the company and how the Personal Balanced Scorecard is aligned to the business may face.
14) Use a BSCP and Corporate Software 100% web-driven with all levels of information security so that you can enter the global economy.
As can be seen, it is important to align with the Personal Balanced Scorecard Balanced Scorecard Business taking into account the change management.