Archive for the ‘Crisis in enterprises’ Category
Bankruptcy Entrepreneur
The bankruptcy procedure is very long and expensive: why the law considers it useful for various stakeholders only when the entity is of medium or large.
For smaller companies, however, essentially not worth the trouble and to satisfy the creditors are most useful, the ordinary individual enforcement actions.
The law, therefore, prevent the “small business” is likely to fail. But who is the entrepreneur? This definition has changed many times, and only the new rules came into force on 1 January 2008 should be the definitive one.
The entrepreneur is now the one who has three conditions jointly gender dimensions. The assets must not be over three hundred thousand euros in the three previous years or the date of start-up if more recent; revenues last year should not be over two hundred thousand euros in the same timeframe, the total debts currently be, expired and unexpired, shall not exceed five hundred thousand euros. Read the rest of this entry »
Posted in Crisis in enterprises | 
Tags: Bankruptcy Entrepreneur, declared bankrupt, Entrepreneur, ordinary individual, small business, The law | 
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Tips for dealing with the crisis in enterprises
There are many areas in which the directors of organizations can act to address the current economic crisis / financial and improve all business operations:
1. Reducing costs at company: Given the seriousness of the current slowdown and the need to preserve cash, many companies have already begun to implement cost reduction initiatives at the company.
The selling, general and administrative and shopping are two areas where companies can reduce costs and achieve efficiencies productively. The slowdown is also a platform for change and consolidation of the organization that can be used to accelerate the efficiencies of shared services that leaders of business units previously rejected for fear of losing control.
Outsourcing contracts duly executed allow the company to dispose of high fixed costs to be shared among many firms and favor variable costs that can be adjusted according to the trend of the economy.
Recessions may also involve reductions in research and development, but this may undermine future delivery of products on the market.
2. Shopping: In times of rapid growth, suppliers can set prices higher. The slowdown can improve the bargaining power of buyers and lower prices. Reverse auctions can be a particularly useful tool for the sectors of goods.
During a recession, you may want to buy options and forward contracts at low prices. For U.S. buyers, the dollar has strengthened on many currencies, and commodity prices have fallen considerably. CFOs have the opportunity to obtain bids for the various categories of assets, from real estate to commodities.
3. Pricing: Many companies fail to set their prices consistently. An increase of 1% can provide 10% in operating income, in most cases. In many companies, pricing is decentralized and fixed price sales staff are not the same for all customers. Read the rest of this entry »