Business and Finance Studio

Archive for the ‘Financial Planning’ Category

It is elementary to conduct a good sales strategy, but you should never set aside the conditions of collection, as this can undermine your business development.

In many cases we design the best sales techniques to win customers, perhaps you have past sales do the work perfectly and actually lifts the first order, yet can be sold so the euphoria that you forget to set the terms of payment. Incredibly many small and medium enterprises suffer from this disease, the lack of measurement of credits awarded, or simply being lax in the management of the collection, brings severe problems for SMEs, including some large companies.

For that to happen you need to establish simple but important domestic policies that will be able to optimize your accounts receivable system. I detail some of the important measures that could be implemented to address this problem and avoid any serious problems with the finances of the business.

- Basic Rule

The sales process does not end until it becomes, in fact it might already have closed the sale and lifted the order and purchase order or in some cases already has taken the good and the customer has not paid; This situation could avoid putting the rule to receive a 50% deposit, what has been called upon to lift the order and the other 50% to deliver the goods.

In this strategy it would take the offer of a discount of up to 5% for prompt payment or cash.

Many of us aspire to a comfortable life and enough resources to give our families what they need, and a little of what they want too. I was reading this article on Five reasons why people do not become Rico (in English) and I found very interesting. Here are some of these five reasons and my comment. Please sit at home and leave a comment also:

“Wanting to be” As The Joneses “instead of investing their money into assets”

Our humanity makes us always want to have instant gratification. And sometimes we should focus more on maintaining financial growth that have always newer and more expensive. Instead of worrying with the latest fashions, buy the latest models of cars and go every weekend to buy, it would be better to focus on accumulating wealth and power have all these things for cash and without that leads to bankruptcy. To maintain a status of life which can not afford it can lead us to a financial crisis. Read the rest of this entry »

The Revolution of the Products made in China is at its greatest, but you must consider many aspects before venturing.

Have you ever been tempted to join the revolution “Made in China” and Chinese venture to sell products in your country? Well, I’d be lying if I say that the idea was around my head some times. And do not say a bad thing, but definitely be careful with the image you want to show.

What often happens is that the image of “Made in China” is not widely accepted and this is where you should be careful. Read the rest of this entry »

This growth was reflected in an 8% within the franchisee system, and once the crisis is over, or at least in order to be overcome, the authorities predict growth in the subject, assume a further increase of 10%, situation not only announces to remain in the label market, but also a constant source development.

High authorities of the Mexican Franchise Association gave the welcome news that in previous years the business system through franchises in Mexico, resulted in a positive balance, despite the black picture that engulfed the country’s economic outlook. Read the rest of this entry »

* “Do not follow the Pack” comes to using your own criteria and find out enough to make concise decisions. The fact that work for many does not mean that going to work for you.
* “Do what you like” Do not work for money, working with what you like. This will help you feel better as human beings. There is no better job than your full-time hobby.
* “No one gets rich on her salary” All the people who accumulate wealth that they do not expect the next fortnight to collect, they think of accumulating wealth and for that there is only one way: Savings.
* “The moderate, but not stingy” No boats your money, but he learns to find balance in raising you. For example, do not buy a car last year for which the value of a car is reduced by 80% the first year and most of the time changes from one year to another are minimal.

What advice would you give to our loved ones about finances to help them have a better future?

The difficult economic situation taking place in the world affects us and can lead to wrong decisions, leading to a vicious circle in our economy. Here, eight tips to prevent it.

Much has changed since the high-flying days of the late 90s. The stock market is down and does not appear to be in the process of rising. Major companies are dismal and startling ads each week. And the news of layoffs fill the media.

But when it comes to handling the ways of investing, little appears to have changed much. Again, this is for continued attention to common sense, not tempted by the bright flashes had never before heard of, and seem to get rich from the overnight.
Some tips we’ve collected from various specialists, will handle these very turbulent times: Read the rest of this entry »

In this blog we always talk about how important it is to plan expenditures and establish a consistent savings plan. Bankinter has launched a new advisory service for saving, setting targets to achieve medium to long term, we can help in this task is often quite complicated.

This “Personal Financial Planning” offers a customized plan, according to their risk profile, and trying to maximize savings and maximize tax advantages. It also takes into account changes in the life of any person and their diverse financial needs: marriage, buying a home, children, retirement etc.

With these data, we estimate the changes to future revenue, expenses and assets of the client, depending on your current situation and considering three scenarios: pessimistic, optimistic and normal. Then, it is proposed to not only an investment portfolio, but a regular contribution plan that can be adjusted year to year depending on market trends and customer needs. Read the rest of this entry »

Plan is to build a clear and organized to achieve a goal.

Planning your finances is the process of identifying targets for the management of asset and liability flows of money in the medium and long term, and implementing appropriate steps to achieve them, with due professional advice.

Put simply, we start to assess where we are today (economically speaking, assets, liabilities, revenues and expenses), where we are going, and what is more important, where it is heading and how we will.

In Personal Financial Planning, everything revolves around the person and their wants and needs, not including business plans.

It is a process that develops over time, with appropriate modifications as conditions change and the environment. Read the rest of this entry »

Where to invest in 2010 and make money – creative commons
Start the new year and those who have been saved after tightening the belt through the crisis may now find great investment opportunities.

Since the beginning of each year, savers are looking to make more profitable your money. Issue that has been somewhat tricky in recent years because of the crisis that turned any investment in unpredictable and insecure. Although in 2009 there were also very profitable investment funds despite the crisis, now seems a good time to invest as recovery times are observed.

The value of gold as haven
Gold still stands as a very interesting place to invest in 2010 because it is the haven investment and it is always advisable. However, you should also know that investing in gold in 2010 is truly profitable short-term investments. With regard to investment in gold in this year, the fund manager Deutsche Bank Group predicts that “the speculative interests can put an ounce of gold above $ 1,500.”

According to Jesus Maria Ipiña, Atlas Capital Advisory, “to be closely linked to gold dollar, and while it continues to fall, investing in gold will be very profitable. But it may show fluctuations as the U.S. currency is strengthened and appreciation of the value of the currency would hurt investments in gold. ”

Raw materials, a very profitable choice
Investing in commodities in 2010 is another profitable option as the CEO of Global Afinet EAFI, David Cano. Who also suggests how to get better returns on investment funds in raw materials in 2010 is that there be “linked to several of them,” because it is a safer way to invest money in savings by avoiding and speculation.

Read the rest of this entry »

Some practical ideas to start our savings:

* Make a list of expenses and income of the household
* Eliminate unnecessary expenses, such as reducing cellular costs, we live in a world sometimes unnecessarily hyper-connected, replace the use of fixed telephony, IP telephony, watch less TV, this simple action can save energy. I leave to the reader’s imagination as to continue the list.
* Look for things that are no longer used inside the house and sell them online
* Optimize food purchases using trade fairs, consumer organizations, better targeting products
* Organize and manage time better, it allows to better distribute the money that comes in the house
Buy a plan with a savings or retirement fund that allows relatively low monthly contributions to debit credit card normally give an average annual return rate of 9% in dollars, these plans create wealth and welfare in the future.
* Make a list of “do”, this involves determining goals for the short, medium and long term. For example, a beach vacation in luxury, traveling on a cruise ship, change your car, buy a house, jewelry, or just do a postgraduate accumulate cash.

If in doubt, seek advice
After defining the objectives, and before taking any investment decision, it is important to know what the risk tolerance that we as investors and what is the expected return.

As stated in the prospectus, any doubt, consult with a physician.

In conclusion we can say that planning is one of the pillars of success, but will not be effective if the plan is not met or do not take the right decisions with the right expertise at the right time.